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Debt Can Ruin Your Life, Buffett Warns: 'Many People Love Spending Beyond Their Income'
Benzinga· 2026-01-26 03:16
In a recent interaction renowned investor Warren Buffett offered advice on personal debt, parenting, and career selection.Buffett cautioned against the perils of personal debt, urging people to live within their means. He underscored the necessity of financial discipline, especially for the younger generation.Speaking with CNBC on the special show “Warren Buffett: A Life and Legacy”, Buffett said, “Many people love spending beyond their income by racking up credit-card debt, but that’s a path to ruin. The r ...