In answer to the question “What’s the biggest mistake we make when it comes to money?” Buffet told the Dan Patrick Show:
Well, I think the biggest mistake is not learning the habits of saving properly early. Because saving is a habit. And then, trying to get rich quick. It’s pretty easy to get well-to-do slowly. But it’s not easy to get rich quick.
We’ve talked about how little you have to save — will make on your lifetime savings.
You’ll find more financial wisdom from Warren Buffet at The Motley Fool below.