Starting Early Buffett advised younger attendees to start saving early. He acknowledged that he was fortunate that his dad paid for his education. As a result, he was able to save $10,000 by the time he was 21 – a huge head start. He noted that it’s much easier to save during your teen years when your parents are taking care of your financial obligations. He surmised that every dollar saved then is worth $20. He also suggested that getting knowledge about business has a similar compounding effect. He recommended learning about local businesses – which ones are good and why, which ones went out
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