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Investing Lessons from Mark Cuban Anyone Can Use
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Mark Cuban, billionaire Mark Cuban, has a lot of suggestions for ordinary people who want to get rich and retired, but they may not want to hear it. Cuba makes money by establishing and selling technology companies and becoming active stock traders. 但是，他对普通投资者的建议少于高空股票，而更多地是为每美元的磨碎：节俭地生活， Avoid credit cardAnd buy toothpaste in batches.
Cuba said that once you save some money, you invest in low -cost Index fundBest to track S & P 500Essence Then continue grinding, saving and investment, and complex The rest.
Key points
- Life frugal and avoid debt. Cuba urges people to “live like students”, drive old cars, and avoid credit cards. If they don’t want to bring cash, use debit cards.
- Keep it simple. For ordinary investors who are frugal, the low -income Standard S & P 500 index fund is the only investment you need, which is due to the compound magic.
- Cuba said that more adventurous beginners investors can consider investing 10 % of savings in “hail Marie”, such as bitcoin or startups, but they are willing to consider that they have lost money.
Live like a student
Although he is a continuous entrepreneur, the method of establishing wealth in Cuba also stems from discipline, frugality and “living like students”. Especially at the beginning, as he was young, things like “five roommates and lives outside the heart powder and cheese” can help people start building financial buffer for investment.
He warned that people should not start spending when they obtained the first job and saved six months (with unemployment or other emergency), and then invest in the low -cost index fund. At that time, those who were interested in “plane” may invest 10 % of savings to speculate, such as CryptocurrencyBut considering the money “disappeared.”
Credit card cash
One of Cuba’s favorite financial advice is to avoid using credit cards, because they seduce people to increase debt, and their High interest rate Make money saving more difficulty. He suggested that if you don’t like to carry cash, please simply use the debit card-this method will not spend money, and you will not be forced to pay the interest of the debt.
Cuba also urged people to use cash’s transaction value to save funds, negotiate as low as possible, and buy necessary consumer goods in batches when selling. He suggested that, for example, if you find that it can get a discount of 50 %, you buy two years of toothpaste. He told Vanity ExpoEssence
Invest in what you know
Most of Cuba’s suggestions are for ordinary investors, but he provides some nuggets for experienced investors. They have time to establish a knowledge base and realize more challenging opportunities.
They should forget Buy and Investment portfolio balanceHe said that it was replaced by establishing unparalleled knowledge about specific fields and retained cash until unique opportunities to show themselves. He told the the Wall Street JournalEssence
Bottom line
Cuban has nothing to do with the financial suggestions of ordinary people Tenbagger stock Even the latest technical trends. This is the power of discipline, wise expenditure, and long -term investment in index funds. His suggestion is attributed to a simple but powerful principle: living under your means, avoid debt and patiently invest.
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