Listen Now: Living Large
Feel like you’re living paycheck to paycheck? Don’t worry. Your bank account could be sitting pretty in a few years.
Warren Buffett is one of the richest people in the world and for good reason. He invested, saved and avoided get rich quick schemes. And according to Buffett and Business Insider there are eleven indicators that you are on the right track for the champagne and caviar lifestyle as well.
For example, are you someone who is already saving for retirement and did you start as soon as you booked your first job? While for some people the golden years are pretty far off, the wait will become even longer if you don’t start saving now. Opening an account as early as possible triggers compound interest and can make a big difference in the long run.
Another sign you’re on the track to financial freedom? You clip coupons and look for deals. Just because you can afford to pay full price for something, doesn’t mean you should.
For the full list, check out the original article on Business Insider… and enjoy the high life.
CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.
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