Warren Buffett: Cash Legal Tender

Posted by admin on Friday, February 17, 2023

Meaning of Warren Buffett Money Quote: saying when it comes to paying bills, only cash is accepted. Warren Buffett said:
 
 

 

“When bills come due, only cash is legal tender. Don’t leave home without it” — Warren Buffett

 

 

Warren Buffett compared cash to oxygen for a business to emphasize how important cash is for a company’s survival and operations. Just as humans need oxygen to breathe, businesses need cash to pay expenses, purchase supplies and materials, meet payroll, and cover other costs needed to operate on a day-to-day basis

. Without sufficient cash reserves, a business risks running into financial difficulties and potentially failing if it is unable to pay its bills. Buffett’s quote aims to highlight that cash, though often overlooked when plentiful, becomes the primary concern when reserves run low.

Categories: spending Tagged:billscashwarren buffett