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Yahoo
32 minutes ago
- Yahoo
Warren Buffett and Bill Gates once gave the secret to their success in 1 word. They gave the exact same answer
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. World-renowned billionaires Warren Buffett and Bill Gates were once asked about their secret to success. The one word answer they both gave? Focus. For Buffett and Gates, that focus started young. Gates was obsessed with coding as a teenager. That passion led him to co-found Microsoft and become the seventh wealthiest person on the planet, according to the Forbes real-time billionaires index. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) You don't have to be a millionaire to gain access to this $1B private real estate fund. In fact, you can get started with as little as $10 — here's how Buffett, meanwhile, has been investing since the ripe age of 11. He's now known as one of the most successful investors of all time, ranking as the fifth wealthiest billionaire according to Forbes. In an interview with CNBC, Buffett explained how his focus differed from Gates. 'While he was focused on software, I was focused on investments,' he said. 'It gave me a big advantage to start very young — there's no question about it.' Even if you're long past your teenage years, it's not too late to get focused. Here are three ways to refine your investing strategy to emulate Buffett and Gates's wealth-building success. The best time to start investing was yesterday. The second best time is now. Even if you didn't start investing when you wished you did, that's all the more reason to start today. Compound interest is another reason to invest sooner rather than later. Buffett once described earning compound interest — interest you earn based on your personal contributions and the interest you've already earned — as the ability to snowball your wealth. Remember, the more time you have to earn interest, the bigger the rewards you'll see. Starting small today can pay dividends tomorrow. Read more: Rich, young Americans are ditching the stormy stock market — Buffett is famously a proponent of value investing, which involves buying stocks that are trading below their intrinsic value. He would look for companies with long-lasting earning potential, consistent earnings, good cash flow and a low amount of debt. Value investing can apply outside of the stock market too. For instance, you can use this strategy to invest in real estate: buying undervalued properties to earn long-term returns. And new investing platforms are making it easier than ever to diversify your investments by tapping into the real estate market. Homeshares gives accredited investors access to the $34.9 trillion U.S. home equity market, which has historically been the exclusive playground of institutional investors. With a minimum investment of $25,000, investors can gain direct exposure to hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund — allowing you to invest directly into the untapped value of residential properties without the headache of buying, owning or managing them yourself. With risk-adjusted target returns ranging from 14% to 17%, Homeshares can provide an effective, hands-off way to invest in owner-occupied residential properties across regional markets. If you're not an accredited investor, crowdfunding platforms like Arrived allow you to enter the real estate market for as little as $100. Arrived offers you access to shares of SEC-qualified investments in rental homes and vacation rentals, curated and vetted for their appreciation and income potential. The platform makes it easy to fit these properties into your investment portfolio regardless of your income level. Their flexible investment amounts and simplified process can help you take advantage of an inflation-hedging asset class without any extra work on your part. Arrived is even backed by another world-class investor, Jeff Bezos. It's likely you'll see both gains and losses through the lifetime of your investment portfolio. The question to ask yourself is: How can I turn my investing blunders from the past into successes in the future? Even investing greats like Buffett have made mistakes over time. At the 1997 Berkshire Hathaway annual shareholders meeting, he admitted to making 'mistakes of omission' where he had the opportunity to invest in attractive businesses, but failed to act. Not everyone has the investing knowledge to jump on those kinds of opportunities. To gain an advantage, you may want to consider working with a professional financial adviser who can translate investing into something you can better understand. is an online platform that connects you with vetted financial advisors best suited to help you develop a plan for your new wealth. Just answer a few quick questions about yourself and your finances and the platform will match you with an experienced financial professional. You can view their profile, read past client reviews, and schedule an initial consultation for free with no obligation to hire. You can view advisor profiles, read past client reviews, and schedule an initial consultation for free with no obligation to hire. Here are the 6 levels of wealth for retirement-age Americans — are you near the top or bottom of the pyramid? This tiny hot Costco item has skyrocketed 74% in price in under 2 years — but now the retail giant is restricting purchases. Here's how to buy the coveted asset in bulk Car insurance in America could climb to a stunning $2,502/year on average — but here's how 2 minutes can save you more than $600 in 2025 Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Money doesn't have to be complicated — sign up for the free Moneywise newsletter for actionable finance tips and news you can use. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16 hours ago
- Yahoo
Study Finds Best and Worst States for Business in 2025
Looking to start a business in 2025? You may want to check out this study from CNBC that gives some insight into which states are the best for businesses. The study takes a look at all 50 states and ranks them from best to worst when it comes to running a business there, according to CNBC's Scott Cohn. The metrics used for the rankings include, but are not limited to, the state's economy, infrastructure, workforce, cost of doing business, business friendliness and quality of life. Coming in at No. 1 on the list for the third time in four years was North Carolina. The rest of the top 10 is Texas, Florida, Virginia, Ohio, Michigan, Georgia, Tennessee, Indiana and Minnesota. "North Carolina's biggest strengths are in the categories of economy, workforce, and business friendliness," Cohn explained. "But federal budget cuts, tariffs and the recovery from Hurricane Helene could threaten its dominance." When it comes to the worst state for business, Alaska owns that title. Preceding Alaska in the bottom 10, from No. 49 to No. 41, were Hawaii, Montana, Rhode Island, Louisiana, Mississippi, New Mexico, Maine, Nevada and Arkansas. Two of the biggest states in the country based on population, California and New York, ranked No. 22 and 23, respectively. Cohn notes that Massachusetts, which landed at No. 20 on the list, saw the biggest improvement from Finds Best and Worst States for Business in 2025 first appeared on Men's Journal on Jul 12, 2025
Yahoo
a day ago
- Yahoo
Jim Cramer offers up four key stocks you need to buy
Jim Cramer offers up four key stocks you need to buy originally appeared on TheStreet. The price of a company's stock, at least in short-term, often has little connection with the actual performance of the company. Many big names, in fact, will see their stock drop after they report positive earnings. Even when the numbers are very good, this can happen because the market had already assumed the numbers would be positive, so the gains from that had already been priced it seems like even in a sea of good news, a tiny island of bad news can send a stock downward. In many ways, stocks are like sports. The better team usually wins, but there are upsets, and a partial score does not always reflect the final results 💰Don't miss the move: Subscribe to TheStreet's free daily newsletter💰 Apple has been famous for this. It can report stellar numbers across the board, but if Tim Cook makes a small comment on potential supply chain issues delaying the new iPad, the stock may fall. Jim Cramer, who under all the bluster, often serves as a voice of reason for the stock market, has named four stocks that are falling, but are still good buys. These are companies facing short-term headwinds that have clearer sailing long-term. Cramer told his CNBC audience on July 11 that it's important to understand why a stock has fallen. Sometimes it's due to inherent weakness in the company. In other cases, it's for a more trivial reason that does not dim its long-term prospects. He noted that when a stock falls for reasons that don't change the buy thesis for the company, that's a time for investors to strike. It's one of the rare times you can buy quality at a bargain. 'The great ones never come cheap. But…they can be cheaper from where they were. Sometimes all you can hope for is a chance to buy a stock of a terrific company at a discount when the market is at an all-time high,' he shared on his show. More experts: Fed official sends strong message about interest-rate cuts Billionaire fund manager sends surprising message on trade deficit Hedge-fund manager sees U.S. becoming Greece Perhaps most famously, Chipotle saw its share price drop for over a year during and after its E. coli scandal. It did not matter that the company handled the food safety issue well or that it remained an inherently strong business. The market punished it for a relatively minor mistake, which created an opportunity for disciplined investors. Cramer named four stocks that are top buys and incredibly strong long-term brands that are struggling at the moment. This has caused their prices to fall, creating a major buying opportunity. Home Depot () : The giant home improvement company has been hurt by potential weakness in the housing market. In reality, when people move less, they spend more on home renovation. It's a cycle where Home Depot cashes in one way or the other. Costco () : Costco faces the same tariff concerns as every retailer, and its recent sales numbers were lower than some hoped for. But, membership sales and retention, really the only numbers that matter for the chain, remain at near-highs, and that's what actually drives the business. McDonald's () : The fast-food giant has struggled with perceptions over value and consumers just staying home. It, however, has a strong pipeline, and its recent downturn was just a mild dip of its already stellar numbers. Starbucks () : New CEO Brian Niccol has stumbled a bit in his relationship with the chain's employees. He tightened the chain's dress code and offered bonuses to management while workers are not satisfied with their wages. Still, his plan to bring people back into stores, focus more on coffee, and simplify both the menu and its production, are the right plays in the long-term. Disciplined, long-term investors focus on the underlying pillars a company is built on, rather than short-term noise. In the end, the cream usually rises to the top, and being able to buy these brands at a discount should be a massive long-term asset to your Cramer offers up four key stocks you need to buy first appeared on TheStreet on Jul 12, 2025 This story was originally reported by TheStreet on Jul 12, 2025, where it first appeared.
