1 Thing Buffett Says You Should Do Before Investing Money Into Stocks
Investing your money in stocks is often a great way to build wealth over the long term, but it's not always the best move. In some cases, you're better off applying the cash you have to other, more pressing financial needs first.
At this year's annual Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) shareholders meeting, Warren Buffett told investors the first thing he'd do if he came into any money is pay off credit card debt (if he had any). The COVID-19 pandemic and the recession that it's caused only further demonstrates why it's important to pay off personal debt sooner rather than later.
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Source Fool.com
