The 90/10 Rule–Warren Buffett–#1 Money Savings Tip for Retirees

The 90/10 Rule–Warren Buffett–#1 Money Savings Tip for Retirees
Warren Buffett, CEO of Berkshire Hathaway, attends the 2019 annual shareholders meeting in Omaha, Nebraska, on May 3, 2019. Photo by Johannes Eisele/AFP/Getty Images
Due
By Due
Updated:

Personally, I’m picky when it comes to receiving advice. For example, even if you’re my best friend or family member who I respect, I wouldn’t turn to you if I needed a root canal or engine replacement. Of course, if you were a dentist or mechanic, that would be a different story.

The same is true when it comes to money. Why would I take financial advice from someone who lives above their mean, lost money on their investments, or doesn’t have a retirement plan?