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With an estimated net worth of $117 billion, Warren Buffett, the CEO of Berkshire Hathaway, has built a tremendous financial empire.
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But unlike the high-roller lifestyles of other extremely rich celebrities and business people, Warren Buffett lives by smart—and surprisingly simple—investment philosophies that have positively influenced millions of investors around the world. Take one of his most famous sayings as an example: “Rule number one rule: never lose money. Rule number two: don’t forget rule number one.”
Even now, with inflation skyrocketing out of control, Buffett has wise investment advice for investors seeking to shield their wealth and even grow it while keeping their tax obligations low.
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Here are some of his top investing strategies.
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Real estate
Real estate is generally a “good investment” during times of inflation, according to Buffett.
“They’re the businesses that you buy once and then you don’t have to keep making capital investments subsequently. So, you do not face the problem of continuous reinvestments involving greater and greater dollars because of inflation,” he said during the 2015 Berkshire Hathaway shareholders meeting.
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But, while real estate might be a good investment, its barrier to entry can be difficult to cross. Luckily, there are plenty of platforms out there that allow you to invest in real estate with ease.
First National Realty Partners makes it easy for accredited investors to grow their returns through multi-family real estate, along with related opportunities in grocery-anchored, necessity-based retail space.
Through FNRP’s online platform, accredited investors can collect quarterly cash flow through a diverse real estate portfolio.
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If you’re not an accredited investor but still want to get in on real estate cash flow, don’t worry — Arrived has you covered.
Arrived’s online platform allows you to invest in shares of rental homes and vacation rentals without taking on the responsibilities of property management.
With Arrived, you can browse a curated selection of homes, each vetted for their appreciation and income potential. Once you find a property you like, you can choose the number of shares you want to buy and start investing in real estate with just $100.
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Stocks pricing power
Buffett has been around the block a few times, experiencing many highs and lows in the U.S. economy. He has managed a stock portfolio through periods of double-digit inflation rates in the 1970s and has plenty of insight on what to own when consumer prices spike.
Buffett likes high-quality businesses with low capital needs, such as Apple. The technology company boasts some impressive financial metrics — a testament to the company’s efficiency, strength and negotiating power — which have enabled it to thrive during this period of inflation.
If you’re looking for a low-stress way to start your investing journey, consider signing up for Acorns, an automated savings and investment app.
When you make a purchase on your credit or debit card, Acorns automatically rounds up the price to the nearest dollar and places the excess into a smart investment portfolio. Right now, when you sign up for Acorns, you can get a bonus $20 bonus investment to start growing your savings.
Gold
While Buffett is known for being uninterested in gold investing — describing it in a 2011 letter to shareholders as an asset “that will never produce anything” — while other money mavens consider it to be a solid hedge against inflation because its purchasing power has remained relatively stable over time.
If you’re keen on taking advantage of gold’s financial benefits, opening a Gold IRA with Priority Gold might be the place to start.
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By opening a Gold IRA, you’re looking out for your future self and cushioning your retirement. Opting for a Gold IRA gives you the opportunity to diversify your portfolio and stabilize your finances.
Invest in yourself
At the 2022 Berkshire Hathaway annual shareholder’s meeting, Buffet said “Whatever abilities you have can’t be taken away from you. They can’t be inflated away from you,” he said. “The best investment by far is anything that develops yourself, and it’s not taxed at all.”
While this isn’t a traditional investment tip, Buffett firmly believes that by regularly investing in knowledge and self-improvement, you yourself become an asset and can more easily access opportunities for growing your wealth.
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