Warren Buffett describes his first rules of investing as: "Rule #1: Never lose money. Rule #2: Don't forget rule #1".
But losing money doesn’t just happen in a stock portfolio – it’s also a common occurrence in other facets of life. That’s why Warren Buffett leads such a frugal lifestyle. He knows that every extra dollar spent on something he doesn’t need is wasted capital.
In practically every house in America, capital is being wasted on energy consumption. That’s because the average electricity spend per year is $1,368.36 per year, and 35% of the power used is actually wasted.
This is neither good for your bank account or the environment.
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