KiSHAN's: Limit What You Borrow - Invest your money

KiSHAN's: Limit What You Borrow - Invest your money:

Living on credit cards and loans won't make you rich.

 Warren Buffett has never borrowed a amount - not to invest, not for a mortgage.

 He has gotten many heart-rendering letters from people who thought their borrowing was manageable but became overwhelmed by debt.

 His advice: Negotiate with creditors to pay what you can. Then, when you're debt-free, work on saving some money that you can use to invest.

KiSHAN's: Reinvest Your Profits

KiSHAN's: Reinvest Your Profits:

When you first make money in the stock market, you may be tempted to spend it. Don't. Instead, reinvest the profits.

 Warren Buffett learned this early on. In high school, he and a pal bought a pinball machine to put in a barbershop.

 With the money they earned, they bought more machines until they had eight in different shops. When the friends sold the venture,

 Warren Buffett used the proceeds to buy stocks and to start another small business. By age 26, he'd amassed $174,000 -- or $1.4 million in today's money.

 Even a small sum can turn into great wealth.