Warren Buffett warned about the perils of personal debt in a rare interview last May that aired last week.
The famed investor, 95, also offered timeless advice about parenting, moving on from mistakes, choosing a job, and living a full life during the two-hour CNBC special titled: “Warren Buffett: A Life and Legacy.”
Many people “love spending beyond their income” by racking up credit-card debt, but that’s a path to ruin, Buffett said. “The rest of your life, you’re underwater, and why in the hell do you want to be underwater?”
The self-made billionaire said that people who aren’t worried about money tend to be “quite a bit happier” than those who are. There’s “nothing magic” about managing your finances, he…