Mark Cuban Shares Smart Money Moves
A notable Shark Tank investor shares tips on saving and spending.
via Wikimedia Commons
His first piece of advice is to buy common necessities—such as shampoo, toothpaste and other non-perishable care items—in bulk. Spending the extra cash now can result in larger savings at year’s end.
Stashing away six months of income is also a good move, Cuban says. Though it may not appear like much, it provides peace of mind in the event of a sudden economic downturn.
The very best thing to do, according to Cuban, is to pay off debt fast (or better yet, avoid it altogether). Out of all the investments one can make, Cuban says credit cards are the worst. And hey, it’s quite difficult to question someone who's profited big from selective investing.
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(photo via Wikimedia Commons: https://www.flickr.com/photos/kk/50083704/)