10 Genius Things Warren Buffett Says To Do With Your Money

10 Genius Things Warren Buffett Says To Do With Your Money

September 21, 2025 by  Elyssa Kirkham

Warren Buffett is commonly referred to as the most prophetic and respected investor of all time. He is also known for his folksy charm and memorable quotes about the art of investing. As the “Oracle of Ohama” has an estimated net worth of around $150 billion, the proof is in the pudding.

When you’re aiming to reach the top of the mountain and want a competitive advantage, it’s usually wise to follow the footprints of those who have successfully made the climb before you, to the tune of billions of dollars. Your odds of investing success can increase exponentially if you learn and apply Buffett’s best investing tips.

Never Lose Money

One of the most popular pieces of Buffett advice is as follows: “Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1.” If you’re working from a loss, it’s that much harder to get back to where you started, let alone to earn gains.

Get High Value at a Low Price

Another key principle Buffett has shared is, “Price is what you pay; value is what you get.” Losing money can happen when you pay a price that doesn’t match the value you get — such as when you pay high interest on credit card debt or spend on items you’ll rarely use.

Instead, live modestly, or in the case of stocks Buffett recommends when approaching your investment strategy, start by looking for opportunities to get more value at a lower price. “Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down,” he wrote.

Form Healthy Money Habits

In an address at the University of Florida, Buffett said, “Most behavior is habitual, and they say that the chains of habit are too light to be felt until they are too heavy to be broken.” Work on building positive money habits — and breaking those that hurt your wallet.

Avoid Debt, Especially Credit Card Debt

Buffett built his wealth by getting interest to work for him — instead of working to pay interest, as many Americans do. “I’ve seen more people fail because of liquor and leverage — leverage being borrowed money,” Buffett said in a 1991 speech at the University of Notre Dame. “You really don’t need leverage in this world much. If you’re smart, you’re going to make a lot of money without borrowing.”

Buffett is especially wary of credit cards. His advice is to avoid them altogether. “Interest rates are very high on credit cards,” Buffett once said. “Sometimes they are 18%. Sometimes they are 20%. If I borrowed money at 18% or 20%, I’d be broke.”

Keep Cash on Hand

TO READ MORE:  https://www.gobankingrates.com/money/financial-planning/10-best-money-tips-warren-buffett-all-time/?hyperlink_type=manual

$4,000 Gold: Is It Time To Sell?

$4,000 Gold: Is It Time To Sell?

Notes From the Field By James Hickman (Simon Black)  October 7, 2025

You’d think Charles de Gaulle would have been a little bit more grateful to America.

 As head of the Free French Forces during World War II, de Gaulle was essentially a leader in exile, and he had to base himself in England for the majority of the war after the Nazis took Paris.

 It was only because of the sacrifices made by American troops-- and exceptional generosity from US general Dwight Eisenhower-- that de Gaulle was allowed to enter Paris on August 25, 1944.

America had already done all the fighting. But de Gaulle marched through the streets in triumph as if he had personally won the war.

 The US government then went on to cement his power, so de Gaulle became head of France’s post-war provisional government, then later French president. France also received billions in aid from the Marshall Plan, courtesy of US taxpayers.

 The guy pretty much owed his entire political career, not to mention the liberation and economic solvency of his country, to the United States.

But de Gaulle’s ego was far greater than his sense of gratitude; in fact in his own memoirs he compared himself to Joanne of Arc. He even whined that he didn’t receive enough US support.

 The ultimate disrespect came on February 4, 1965. De Gaulle called a press conference to criticize America’s “exorbitant privilege” in global finance, concluding that the world needed to return to a classical gold standard.

 Ever since July of 1944, the world had been on the “Bretton Woods” system. Every currency was pegged to the US dollar, and the US dollar was pegged to gold at a price of $35 per ounce.

Having the global reserve currency meant that America could finance its government deficits by simply printing more money. This is still the case today. De Gaulle was jealous of this benefit, so he tried wrecking the financial system.

In addition to demanding a return to the classical gold standard, de Gaulle also insisted that the US government redeem France’s dollar reserves for gold.

 The idea caught on. Governments around the world, along with financial speculators and investors, started paying attention… and many began trading their dollars for gold as well.

 This trend picked up steam over the next several years until, finally, in 1971, Richard Nixon shut it down… announcing that the United States would no longer redeem US dollars for gold.

 The gold price naturally started to rise. Within a few months, gold was already above $40, up 13.5%. It reached $60 in 1972 (up 42%), nearly $100 in 1973 (up 66%), and $180 in 1974 (up 80%).

 It’s not hard to understand why. Inflation was soaring. The world was a geopolitical hot mess. Then there was the Nixon political scandal at home. Uncertainty abounded, and gold was the remedy.

 But then something interesting happened: Congress passed a law finally allowing private ownership of gold.

It seems crazy today, but ever since 1933, it had actually been illegal for Americans to own gold. Congress reversed this in 1974.

 So just imagine you’re an average American in the 1970s watching gold rise more than 5x, from $35 to $180… but you can’t do anything about it because it’s illegal to buy. Then suddenly the law changes. Almost overnight, US investors started aggressively investing in gold.

Back then, of course, people didn’t have brokerage accounts, let alone access to futures exchanges. And there were no ETFs.

 So instead people bought physical gold coins-- Krugerrands, Eagles, etc. And there was booming demand for a while.

 But right around this time, large investors, hedge funds, etc. started feeling like gold was overbought… and that the price had risen too far, too fast. So they started selling. In fact many funds were selling as small retail investors were buying.

 And as you can imagine, the gold price soon started to fall; in fact the correction lasted roughly 18 months. Gold eventually hit a low of ~$100 in August 1976-- a drop of more than 40% from its record high in 1975.

 Yet even though speculators were selling, the fundamentals of gold had not changed.

 Specifically, foreign governments and central banks were still seeking to diversify from their US dollar holdings. And more importantly, the US government financial condition was still atrocious.

 So after an 18-month hiatus, the gold price started rising again in August 1976… from ~$100 to $800+ in December 1979.

So even though gold had reached a record high in 1974, people who understood the long-term fundamentals, i.e. why the gold price was going higher, saw an additional 4x return. People that were smart enough to buy more when the price fell did even better-- 8x in less than four years.

 And people who sold their gold in 1975 missed the rise from $185 to $850.

 Gold just hit $4,000 today. It’s up more than 50% in a year, and up 100% in two years. So is it time to sell?

In our view, this is like 1975 again. Gold may be overbought now; after all, nothing is supposed to go up (or down) in a straight line.

We’re also seeing interesting data from ETFs. The “GLD”, for example, the world’s largest gold ETF, is seeing record inflows, including more than $2 billion in a single day last month.

 This is a sign that, just like 1975, individual investors are piling in to gold after sitting on the sidelines for the past few years.

 Strong, sudden retail demand is often a top signal, at least temporarily. And it’s possible that there could be a short-term correction.

But even if that happens, it doesn’t change the fundamental story of gold. Just like the 1970s, foreign governments and central banks today are aggressively diversifying their US dollar holdings, and gold is the most convenient asset for them to buy.

We don’t believe this has changed at all. Foreign governments and central banks might pull back on their purchases temporarily to see what happens in the market. But long-term they are still strong buyers of gold thanks to the US government’s terrible fiscal trajectory.

 And despite any short-term corrections, this is what will ultimately drive gold prices higher over the next several years.

To your freedom,  James Hickman   Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/4000-gold-is-it-time-to-sell-153676/?inf_contact_key=a0098e0fbdc4e230a5f948ef216876ecb35f7cb4f843dbaf82489fd4b96e6293

Where Should Americans Keep Cash Now That The Fed Is Cutting Rates?

Where Should Americans Keep Cash Now That The Fed Is Cutting Rates? The answer is a lot simpler than you think

Vishesh Raisinghani  Sat, October 4, 2025  Moneywise

In September, the Federal Reserve Open Market Committee delivered a long-anticipated cut to the federal funds rate. The benchmark interest rate is now in the range of 4%-4.25%. The board also signalled further rate cuts ahead, and the market now expects the rate to drop as low as 3.25%-3.50% by 2026, according to Morningstar. [1]

Simply put, we’ve entered an easing cycle which should benefit borrowers across the country. But if you’re a saver or lender, these rate cuts mark the end of an exceptionally lucrative era. If you’re a retiree or someone living off passive income, it may no longer be easy to generate high returns.

However, the simple truth is that you should probably keep cash in the same places you should have kept them before. Your emergency fund and other savings that you want easy access to should always be kept in safe, low-risk, liquid assets. Money that you won’t need in the short-term can go towards long-term investments that earn higher returns, like stocks.

If you haven't been optimizing your savings based on your needs, there are a wealth of options beyond simple savings accounts worth investigating for higher rates.

As of October 2, it’s still possible to get a 5% yield on a high-yield savings account at some online banks like AdelFi and Varo. This is an attractive yield for any cash you need to park temporarily, but the rate could decline if the Fed continues to cut rates.

If you’re looking for attractive interest rates for your cash savings, here are some other assets you should consider.

TO READ MORE:  https://www.yahoo.com/finance/news/where-americans-keep-cash-now-123000264.html

11 Overlooked Risks That Could Ruin Your Financial Stability

11 Overlooked Risks That Could Ruin Your Financial Stability

By Claire Conway  Jun-12-2024

Financial pitfalls can throw a monkey wrench into even the most responsible person, which is why everyone should be aware of hidden threats that can derail your financial security. People reveal what unexpected life changes can turn your life upside down. Have you experienced any of these hidden financial threats?

1. All Homeowner-related Expenses

Where do I begin? Owning a home comes with endless potential repairs, from heat and water pumps to air conditioning, flooring, and roof repairs (and everything in between). Although owning a home is a significant life milestone, even the most frugal homeowner confesses that the expenses quickly pile up and easily turn a secure financial situation upside-down.

2. Missing a Credit Card Payment

In school, you learn about world history, calculus, and home economics, but you aren’t taught one of the most important life lessons: Paying your credit card payments on time. One of the most severe financial penalties you can face is failing to make the minimum monthly payment on your debt, causing interest rates to spike and your credit score to plummet. For many Americans, missing a credit card payment is catastrophic.

3. Car Loans

If you’re ever applying for an auto loan, always focus on the out-the-door cost of the vehicle you want to buy. The dealership will always push you toward lowering your monthly payment, even if there are better ways to navigate the loan. The longer your loan is, the more you’ll pay in the long run for your vehicle. Don’t fall for the “lower monthly payment” trick because it will cost you far more money in the end.

4. Losing Your Job

Nobody plans on ever losing their job, but sometimes, the unexpected happens. Getting laid off greatly affects your income, but nobody ever plans for it. After all, we misguidedly believe it will never happen to us. But trust me, your life can change in the blink of an eye when your “steady income” is suddenly ripped away! Obviously, an emergency fund is handy in times of unemployment, but that’s another aspect of financial wellness that many people underestimate.

5. Your Spouse’s Pension Ending

Unfortunately for married people, when one person passes away, their financial benefits cease to exist as well. One woman specializing in finding work for older Americans knows how hard it can be. “I’ve seen firsthand too often when the husband dies, the pension stopped,” one woman attests. “It sucked helping older women find jobs, especially when they had no experience in any job. We had to provide training in soft skills, too, like showing up at an exact time.”

To Read More:  https://investedwallet.com/11-overlooked-risks-that-could-ruin-your-financial-stability/

The 6 Most Important Pieces Of Financial Advice

The 6 Most Important Pieces Of Financial Advice

Michelle Mastro   Sun, September 28, 2025   Business Insider

I've worked in global banking for 25 years. These are the 6 most important pieces of financial advice I tell family and friends. 

• Racquel Oden has worked in global banking for over two decades.

• Some of the advice she gives family and friends is to focus on retirement as soon as possible.

• She also says to prioritize investments over student loan debt and CDs over regular savings accounts.

This as-told-to essay is based on a conversation with Racquel Oden, US head of wealth and private banking at HSBC. It has been edited for length and clarity.

I've worked in global banking for HSBC, JPMorgan Chase & Co., Merril Lynch, and many more. Over the years, I've given my clients plenty of advice on saving, budgeting, investing, retirement, and financial planning.

When it comes to my family and friends, the most important financial advice I give them is to start putting away money as soon as possible.

You're never too young to start saving or investing — and there are many things that even Generation Z could be doing now to help themselves reach their financial goals, whether that's saving up for a down payment for a house, a dream trip abroad, a lavish wedding, or even an early retirement.

If You're Working, You Should Be Focused On Retirement And Your Personal Savings

I know it sounds far away, but you should always be saving for retirement by paying into your 401(k).

Simultaneously, you should also be getting to the point where you have enough in your personal savings account to support your living expenses for the next six months in case you happen to lose your job for whatever reason. This money is what I call short-term cash on hand, what you can use to pay your basic needs — things like your apartment rent, car payments, grocery bills, etc.

You're Ready To Invest Once You Have More Than Short-Term Cash On Hand

I think for a lot of young investors, they're unsure of when to start investing. We often think, "I need to have all this money to invest."

I want to take that stigma away. Any amount of money will work better for you in money markets than in a savings account, which doesn't provide much or any interest. Once you have more than short-term cash on hand, you can create another account in preparation for investing.

Create A Financial Plan With The Help Of A Financial Advisor

What's great about sitting down with a financial advisor is that most banks do not initially charge for this service.

TO READ MORE:  https://finance.yahoo.com/news/meet-rich-retired-boomers-now-154502996.html

8 Ways Lifestyle Creep Keeps You From Building Your Wealth

8 Ways Lifestyle Creep Keeps You From Building Your Wealth

Joel Lim  Sun, September 28, 2025  GOBankingRates

You’re making decent money. You don’t feel like you overspend. And you don’t have a ton of bills. So, you wonder, why aren’t you building more wealth? You should be doing much better right now than you feel like you are, you figure. So what’s happening? You’re not alone. Only 22.1% of Americans have more than $100,000 invested and it is at that financial point that your wealth really starts to grow, according to 24/7 Wall St.

Read on to explore the everyday actions you’re taking or not taking, that are holding you back from joining that 22%.

You Increase Your Cost of Living Every Time You Get a Raise

It’s tempting — so tempting — to move into a bigger apartment, get a better car or start shopping at Whole Foods instead of Food 4 Less as you start to make more money. It makes sense. You’re tired of living frugally when you’re not, in fact, at that financial level anymore.

But this mistake is probably the biggest reason you’re not accumulating more wealth, even though you’re technically “doing better.”

How To Change: You don’t have to put every extra dollar you make into investments, but you do have to put some of it in there. As you first start getting raises and promotions, aim to contribute at least 50% of your raise to your investment portfolio, which is what Poor Swiss suggested. As your lifestyle improves, contribute a great percentage of each raise to investments until you reach your desired goal.

You Make Luxury Your Normal

If you look at most genuinely wealthy people in the United States, they don’t live wild and flashy lives. They tend to live simple lives with simple items for their necessities. They prioritize financial security over “things.” It’s a good approach to take to your lifestyle.

You don’t need the most expensive shoes, jacket or watch. And chances are, you don’t need a massive house with more bedrooms than you have family members. But you do need to add to your investment portfolio, where your investments can earn you 12% in returns, according to Ramsey Solutions. Your Chanel bag won’t get you there.

How To Change: Make a deal with yourself that you’ll treat yourself on occasion and the rest of your money will go toward necessities and growing your wealth. It’s a mindset shift you need to make to prioritize financial security.

You Try To Live Like an Influencer

TO READ MORE:  https://www.yahoo.com/lifestyle/articles/8-ways-lifestyle-creep-keeps-220446580.html

Rachel Cruze: 4 Reasons Why Many High Earners Live Paycheck to Paycheck

Rachel Cruze: 4 Reasons Why Many High Earners Live Paycheck to Paycheck

Ashley Donohoe   August 28, 2025   GOBankingRates

The Ramsey Solutions “State of Personal Finance in America” study noted that 53% of Americans lived paycheck to paycheck, including 72% of individuals with incomes below $50,000. More surprisingly, this financial struggle was also a reality for 36% of six-figure earners.

In a recent video, personal finance expert and author Rachel Cruze broke down why so many high earners still struggle to live on their incomes and build wealth.

Regardless of how much you make, you can use Cruze’s insights to become more financially secure.

Increased Cost of Living

Higher basic living expenses are an issue for many Americans. Cruze cited a 2024 U.S. Bureau of Labor Statistics report, which showed that the average household spent $77,280 in 2023. More recent BLS data for the second quarter of 2025 showed that the median income was $62,712 per year ($1,206 per week). Even if expenses hadn’t risen since 2023, there would be a gap.

Cruze explained that location plays a major role, as you’ll likely pay more for your housing, food and other essentials in popular cities than in smaller towns. She also said that the number of children and incomes you have in your family will affect how you manage your expenses.

If you’re struggling to get by on your salary, considering relocating to a more affordable area or changing jobs may be worth it. Cruze suggested trying out this cost-of-living calculator to estimate the potential savings and the salary you’d need.

Lifestyle Creep

Whether you get a promotion, change jobs or simply receive a raise, that extra income can lead you to make unwise decisions that may leave even high earners financially struggling.

TO READ MORE:  https://finance.yahoo.com/news/rachel-cruze-4-reasons-why-165634667.html

Avoid These 4 Common Mistakes When You Get Rich Overnight

Avoid These 4 Common Mistakes When You Get Rich Overnight

September 4, 2025   by  Laura Bogart  GoBankingRates

You’re about to score a financial touchdown. Maybe you’ve crushed it at work and landed a sweet promotion. Perhaps you’ve won a lottery or stumbled into a side hustle that suddenly pays off. As you near the end zone, heart pounding, head full of dreams, you can’t afford (literally) to fumble. Whether you’re blindsided by unexpected taxes or tripped up by bad financial advice, you have a lot to lose if you drop the ball.  

If there’s one thing Brandon Copeland, former NFL linebacker turned financial expert, knows, it’s how not to fumble good fortune — whether that’s a game-changing play or a sudden influx of cash. As founder of Copeland Media and Athletes.org, and the author of “Your Money Playbook,” Copeland now dedicates his time to making financial education more accessible for everyone, from high earners to those just trying to get a handle on their first paycheck. 

His financial expertise, shaped both by personal experience and by watching fellow NFL players navigate big contracts, has taught him what to do — and, crucially, what not to do — when you come into some money. As part of GOBankingRates’ Top 100 Money Experts series, he answers Question #16: Why do so many people fumble a windfall, and what moves should I make if it ever happens to me?

1. Not Taking the Time To Learn About Money  

When Copeland is outside tossing the pigskin with his five-year-old son, the little guy doesn’t catch it every time. And despite being a force on the field himself, Copeland doesn’t expect his son to be perfect — after all, he’s still learning. He sees a clear parallel to how most of us approach money.

“Most things in life take practice, and unfortunately when it comes to money, many of us never had the chance to learn or practice those skills,” he said. “We just start earning it. So, it’s not absurd to think, ‘Hey, I’m not going to be perfect at this.'” 

To Copeland, a windfall doesn’t just reveal your financial blind spots — it magnifies them. That’s why he’s so passionate about financial education, both in the classroom and through his foundation.

“My goal is to help a younger version of myself,” he said. “I think of the problems I had growing up, where I wanted money, but nobody taught me about it. I was blessed to have a high school football coach who ran a hedge fund and invited me to intern with him.”  

That mentorship gave Copeland his first real playbook for success in life — and in finance. It’s one he would carry into teaching financial literacy at the University of Pennsylvania, as well as the nonprofit he started with his wife, Beyond the Basics.

2. Giving in to the Urge To Splurge  

“Treat yourself” has become a cultural mantra — and sometimes it’s well-deserved. But Copeland warns that reacting too quickly to a windfall can be a fast way to lose it.

Once the money comes in, it’s only natural to think about all those fancy shiny things you’ve always wanted or to want to buy your family truly spectacular gifts, like that house for your mom or that new car for your cousin. 

“But you should figure out how this windfall can become a life-changing event — forever — before you start to spend,” he said.

TO READ MORE:  https://www.gobankingrates.com/money/wealth/avoid-common-mistakes-get-rich-overnight/?hyperlink_type=manual

11 Genius Things Rachel Cruze Says To Do To Become Wealthy

11 Genius Things Rachel Cruze Says To Do To Become Wealthy

Terence Loose  Tue, September 23, 2025  GOBankingRates

Rachel Cruze, money expert and daughter of financial guru Dave Ramsey, has made a name for herself by giving people solid, actionable advice on how to make an achievable budget, control spending and build wealth. She’s the author of “Know Yourself, Know Your Money,” host of “The Rachel Cruze Show,” and a prominent influencer on social media channels.

Here are 11 of her top tips that GOBankingRates pulled from her YouTube channel on how to manage your money to live better, save more and achieve financial freedom.

Live Debt-Free

Growing up in a household that had experienced bankruptcy fostered a deep fear of debt in Cruze, especially high-interest credit card debt. It influenced all of her financial decisions, and she insists that a debt-free existence is possible for almost anyone and is your best bet to becoming wealthy. Her advice: pay off small amounts first to gain momentum, which is also known as the debt snowball method.

Live Below Your Means

When it comes to saving money, Cruze advocates for making a budget that is well within — i.e., below — your means and sticking to it with military discipline. Living below your means gives you the ability to create an emergency fund as well as invest for the future or retirement.

Stop Eating Out

Cruze revealed that dining out sometimes busted her budget. She’s likely not alone. According to a U.S. Foods study, as of last year, Americans spent an average of just under $200 a month dining out. That’s nearly $2,400 a year — not exactly healthy for the bottom line.

Pay Off Your Mortgage Early

If you have a mortgage, chances are it’s your largest monthly expense. Cruze advocated paying it off early, which will be extremely financially liberating and dramatically increase your net worth. She said that most people find they can do it within 10 years if they are dedicated. Use a mortgage payoff calculator to help strategize.

Never Compare Yourself

There’s a saying that “comparison is the thief of joy.” Cruze believes comparing your lifestyle to others can also be the thief of wealth. Always remember that you — and your financial reality and goals — are unique to you. Make decisions with that in mind, budgeting for your dreams, not someone else’s.

Prioritize the ‘Four Walls’

TO READ MORE:  https://www.yahoo.com/finance/news/11-genius-things-rachel-cruze-210122575.html

Why High-Earning ‘Henrys’ Don’t Feel Any Richer Despite Six-Figure Salaries

Why High-Earning ‘Henrys’ Don’t Feel Any Richer Despite Six-Figure Salaries

Jessica Wong  August 24, 2025 5 min read  Moneywise

They pull in six-figure salaries but don’t think they’re rich. More money, same exact problems —

HENRYs, or “High Earners, Not Rich Yet,” are a surprisingly large class of Americans who pull in big bucks but still feel financially strapped.

****************************

Some have liabilities matching their assets. Even with annual incomes topping $200,000, they’re living paycheck to paycheck and battling credit card debt.

Others are dedicated savers who only experience their wealth through a number in their bank account.

“Earning doesn’t actually make you feel rich; spending it does,” clinical psychologist Sabrina Romanoff shared with CNBC in July.

“If most people spent 99% of their paycheck, they’d feel quite rich. And it’s the paradox here. When we’re in accumulation mode, it’s very difficult to feel rich.”

Wealthy But Financially Unhealthy

Over 25% of high-earning households — pulling in between $200,000 and $300,000 per year — are unhappy with their finances, according to research by Matt Killingsworth, a senior fellow at the University of Pennsylvania.

“Even people who are doing pretty well aren’t maybe as satisfied as we might imagine,” Killingsworth told The Wall Street Journal.

Marie Incontrera is a 39-year-old Manhattan-based entrepreneur whose income soared from $15,000 a year as a professional musician to an expected $300,000 to $400,000 from her digital marketing consulting business. Her company is projected to generate $1.4 million in 2025.

“I would have thought back then that the amount of money I have in the bank right now, I would be rich, right? ... And I don’t feel that way,” she told CNBC. “I have more money anxiety, almost, now than I ever did in my 20s.”

Certainly, rising prices are making a six-figure salary less impressive than it used to be.

But many HENRYs also experience lifestyle creep and funnel their money into things like daycare, organic food or a home in a nicer neighborhood.

These can quickly feel like essentials and not luxuries, leaving high earners feeling like they don’t have much more disposable income than before.

How HENRYs can get a grip on their finances

TO READ MORE:  https://finance.yahoo.com/news/more-money-same-exact-problems-103000817.html

7 Key Signs You’re Wealthier Than You Think

7 Key Signs You’re Wealthier Than You Think

Caitlyn Moorhead  Mon, September 22, 202  GOBankingRates

Controversial but consummately successful podcaster Joe Rogan once said he felt like he’d “made it” financially when he had enough money to eat at a restaurant at night without feeling guilty and stressed about what it cost the following day.

Rogan’s net worth is now estimated at $200 million, which is all the money in the world — unless you’re Elon Musk. Rogan’s $200 million fortune he made bloviating opinions is less than 0.05% of Musk’s $395 billion fortune he made building cars and rocket ships.

The point is that how you feel about wealth is subjective and can come from many sources. In a country where more than half of all six-figure earners reportedly live paycheck to paycheck, how do you know if you’re rich, or at least richer than you think? Here are seven key signs you may be wealthier than most Americans.

You Make More Than the Median Earner

Your salary, of course, plays a significant role in your ability to accumulate wealth and has a lot to do with how you measure up to the masses.

“The median household income in the U.S. is around $75,000,” said Joel Ohman, certified financial planner and CEO of Clearsurance. “So, if you make more than that, your income is higher than half the people in the country.

“Of course, how far $75,000 takes you will depend on where you live. For example, you have a lot more buying power with $75,000 a year in Glendive, Montana, than you would in Orange County, California.”

Since the cost of living varies so dramatically from one place to the next, area median income (AMI) is a more accurate yardstick to measure your comparative wealth.

HUD Loans by commercial property financing firm Janover offers a state-by-state AMI breakdown with metro, non-metro and total AMI variants. Fannie Mae has a map-based AMI lookup tool that allows for much more granular and local detail.

You’ve Met the Standard Saving Milestones

Even the most impressive income is no indication of wealth if you spend more of it than you make, which so many high earners seem to do. The more accurate barometer, then, is how much you have in the bank.

TO READ MORE:   https://www.yahoo.com/finance/news/signs-wealthier-think-152349259.html

10 Genius Things Warren Buffett Says To Do With Your Money

10 Genius Things Warren Buffett Says To Do With Your Money

Elyssa Kirkham  Sun, September 21, 2025   GOBankingRates

Warren Buffett is commonly referred to as the most prophetic and respected investor of all time. He is also known for his folksy charm and memorable quotes about the art of investing. As the “Oracle of Ohama” has an estimated net worth of around $150 billion, the proof is in the pudding.

When you’re aiming to reach the top of the mountain and want a competitive advantage, it’s usually wise to follow the footprints of those who have successfully made the climb before you, to the tune of billions of dollars. Your odds of investing success can increase exponentially if you learn and apply Buffett’s best investing tips.

Never Lose Money

One of the most popular pieces of Buffett advice is as follows: “Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1.” If you’re working from a loss, it’s that much harder to get back to where you started, let alone to earn gains.

Get High Value at a Low Price

Another key principle Buffett has shared is, “Price is what you pay; value is what you get.” Losing money can happen when you pay a price that doesn’t match the value you get — such as when you pay high interest on credit card debt or spend on items you’ll rarely use.

Instead, live modestly, or in the case of stocks Buffett recommends when approaching your investment strategy, start by looking for opportunities to get more value at a lower price. “Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down,” he wrote. https://www.youtube.com/watch?v=dyKeZ6ogcpU

 Form Healthy Money Habits

In an address at the University of Florida, Buffett said, “Most behavior is habitual, and they say that the chains of habit are too light to be felt until they are too heavy to be broken.” Work on building positive money habits — and breaking those that hurt your wallet.

Avoid Debt, Especially Credit Card Debt

Buffett built his wealth by getting interest to work for him — instead of working to pay interest, as many Americans do. “I’ve seen more people fail because of liquor and leverage — leverage being borrowed money,” Buffett said in a 1991 speech at the University of Notre Dame. “You really don’t need leverage in this world much. If you’re smart, you’re going to make a lot of money without borrowing.”

Buffett is especially wary of credit cards. His advice is to avoid them altogether. “Interest rates are very high on credit cards,” Buffett once said. “Sometimes they are 18%. Sometimes they are 20%. If I borrowed money at 18% or 20%, I’d be broke.”

Keep Cash on Hand

TO READ MORE:  https://www.yahoo.com/finance/news/10-genius-things-warren-buffett-190031207.html

Worth 1,000 Words

Worth 1,000 Words

Adam M. Grossman  |  Aug 2, 2025 Humble Dollar

IN THE ANCIENT WORLD, before the invention of the printing press, the most common way to retain information was to build what’s known as a memory palace. The idea was to link words to images, because images are easier to remember.

I’ve found that this strategy works well in personal finance, and earlier this year I described some of the images that I rely on most. Below are several more.

1. Back in 2011, an Illinois man named Wayne Sabaj was in his yard when something caught his eye. Upon closer inspection, it turned out to be a package containing a large amount of cash—about $150,000. Sabaj never found out who had buried these funds or why. This sort of thing is not uncommon. Homeowners doing renovations regularly find cash hidden in backyards, basements and bedroom walls.

For me, this is a reminder that many financial decisions are subjective and in the eye of the beholder. To be sure, most people hold their money in the bank, where it’s safe and can earn interest. But not every financial decision has to be strictly optimal.

As I often say, there are two answers to every financial question: what the numbers say and how you feel about it. In my view, as long as a financial decision doesn’t carry undue risk, we shouldn’t worry what someone else might think.

2. You may remember the name Keith Gill, or his alter ego, Roaring Kitty. Gill is the day trader who gained fame in 2021 when he helped drive up the share price of the failing retailer GameStop. That, in turn, caused the failure of a multi-billion-dollar hedge fund which had been betting against GameStop. Gill accomplished all of this from his basement in suburban Boston.

This, in my mind, illustrates a growing phenomenon in the market. It’s what hedge fund manager Cliff Asness refers to as the “less efficient market hypothesis.” The internet, and social media in particular, have spawned what he calls “a coordinated clueless and even dangerous mob.”

That’s in contrast to the long-held belief that investors should benefit from having more information. This year’s resurgence of so-called meme stocks suggests that Asness may be right. This less-than-rational behavior is another reason to take the long view in investing.

3. Tax rules are complicated and change frequently. But there’s one rule that’s easy to remember, thanks to a hapless fellow named Alvan Bobrow. In 2014, Bobrow, a tax attorney, came to the attention of the IRS when an audit revealed he’d taken advantage of the rules governing IRA rollovers. These rules allow an investor who wants to transfer the balance of a 401(k) or IRA to hold the funds temporarily in his or her checking account—but only for 60 days.

TO READ MORE:  https://humbledollar.com/2025/08/worth-1000-words/