Warren Buffett: Buy Things Not Needed
on Monday, November 21, 2016Warren Buffett Money Quote saying it seems when you have money that we should be able to spend for things we want, but empties accounts all too soon. Warren Buffett said:
“If you buy things you do not need, soon you will have to sell things you need” — Warren Buffett
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Warren Buffett is advising against unnecessary spending and overconsumption. His quote means that if you regularly spend money on things that are not essential or that you don’t truly need, eventually you may find yourself in a situation where you have to sell valuable possessions or give up needs because you’ve depleted your funds on wants.
The key message is to avoid lifestyle inflation and the temptation to buy non-essential items just because you can afford them in the moment, as that type of spending can lead to financial problems down the road if not managed carefully.