Warren Buffett, as the leader of nearly half a century, has always been admired by everyone for his investment philosophy, but his workplace wisdom is actually more worthy of our learning.
Nowadays, the economic environment is sluggish, and the depreciation of assets such as deposits, cars, and houses has become an unavoidable reality.
Coupled with high inflation, which continues to eat away at the purchasing power of the people, the value of our deposits in banks is becoming lower and lower.
In such a predicament, Warren Buffett gave a unique solution suggestion, exchange the deposit for these two things, and the next 10 years will not depreciate but appreciate more!
Invest in your knowledge and abilities
The most precious treasures in life lie in experiences and memories, which money cannot buy.
When we invest in knowledge and ability, we are actually creating indelible memories and precious life experiences for ourselves.
Converting a deposit into an amazing trip will bring us endless memories and inspirations. Traveling broadens our horizons and allows us to experience different cultures, customs, and landscapes.
These experiences will stimulate our imagination, broaden our minds and insights, and discover our more diverse world.
Ten years from now, when we look back, those beautiful landscapes, your experiences and insights will become your most valuable treasures, and we are grateful for the choice we made in the first place.
The ability to learn is another valuable thing we can exchange our savings for.
Continuous learning and continuous improvement of our abilities and knowledge is the key to our personal growth and development.
Whether it's by learning new skills, pursuing a degree, or participating in a variety of training events, these investments will put us in a strong position in our careers and stand out in a competitive society.
Ten years from now, we will be proud of the accumulation of knowledge and the success of our careers, which we have earned by exchanging our savings for learning.
This is also the reason why the rich choose to send their children to study abroad!
In addition to fluent English expressions, treating people with generosity, there are:
1. Based on the capabilities of the international community.
Children who have received international education since childhood and have studied abroad will grow up with such an ability, that is:
The world is very wide, life is very wide, no matter which country or city, as long as you want to go, there is nothing that you can't say you can't go or go to live badly.
2. A strong network of people all over the world
Ordinary people go to school, but really far-sighted parents, from the child's learning career, have compiled a strong network of contacts for them.
A netizen on Zhihu shared the story of his child attending Harrow International School in Beijing.
I'm glad I chose to let my child goInternational prestigious schools, not only because the homework of international prestigious schools is relatively easy.
And most importantly,My children went to the UK to study in high school, and many of the children in my class went to the United States, Hong Kong, and Australia.
My daughter is now 15 years old, and she is already receiving each other all over the world.
Children who have seen the world, have knowledge, insight and ability, and have a strong network of contacts, naturally have unlimited possibilities in life.
None of this can be bought by money.
This is what Warren Buffett said, it is worth investingSpecific Assets
2.Invest in physical assets
In addition to investing in oneself and the market, Buffett also emphasized the importance of investing in physical assets. This includes real estate, land, and other physically visible assets.
Not only do physical assets have a stable value, but they can also provide a consistent income**.
Buying real estate or land can provide you with rental income while the value of the asset may grow over time.
This type of investment can protect against inflation and maintain and increase its value.
Warren Buffett himself invests in real estate.
He has purchased a number of real estate companies and achieved long-term wealth growth through rental income and asset appreciation.
Data from the real estate market shows that with proper management, real estate investments can often achieve stable returns.
Warren Buffett's Berkshire Hathaway spent $800 million in the second quarter of last year** on three of the top four U.S. real estate developers: Dr Horton, NVR and Lennar. It can be seen that the US real estate market is optimistic.
For ordinary people, at this stage, it is more recommended to also recommend American real estate and European real estate. You can also get status when buying a house in European real estate, such as Turkey, and you can get your investment back after three years without affecting your status.
U.S. properties are recommended for rent. With a down payment of about $160,000, you can leverage a freehold single-family house in the United States. Freehold, lease for three years, and be an American landlord.
From the perspective of long-term investment, investing in real estate in the United States has the characteristics of low risk, stable returns, and high returns. Having a set of assets of your own overseas can not only avoid the risk of "putting your eggs in the same basket", but also provide strong support for the multi-dimensional development of families such as children's education, tourism and vacation, and asset appreciation.
Greece is recommended in Europe
According to the latest data released by the Bank of Greece**, apartments in Greece in the third quarter of 2023 compared to the same period in 2022The average is 119%, among which new houses**116%, second-hand housing**122%and now house prices are still soaring!
Data**: Bank of Greece**).
Greece 250,000 euros to buy a house can also get status, killing multiple birds with one stone, and at the same time solving the problem of children's educationYou can not only use the Greek identity as a springboard to be admitted to a world-famous school, but also be admitted to a famous school with a low score as an overseas Chinese student
Have your own set of assets overseasIt can not only avoid the risk of "putting eggs in the same basket", but also provide strong support for the multi-dimensional development of families such as children's education, tourism and vacation, and asset appreciation. It is foreseeable that the future of global currencies will inevitably depreciate, how to better deal with it, will be the key to wealth preservation and appreciation in the next decade! And Warren Buffett's advice to us is simpleThat's everything that can bring you great returns on your investment。These investments, over time, will bring you a tenfold, hundredfold, or even thousandfold return.