Warren Buffet Interview from Yahoo Finance in 2010 MR. WARREN BUFFET'S FINANCIAL TIPS FOR THE AVERAGE AMERICAN (AVERAGE "ANYONE," REALLY) 1. Avoid Debt. Especially Credit Card Debt. Warren Buffet says, "Well, you never want to owe money you can't pay. I'm basically against debt. I mean, I think the average individual will live a lot happier life if they avoid... They certainly ought to avoid credit card debt. I mean, there's no reason in the world to pay 18% for money... I can't make money paying 18% for money so, why should people up and down the street do that?" [Credit card interest rate in the Philippines is around 3.5% a month so, that's 42% a year!] 2. If You Have Savings, Buy Funds Monthly and Buy Them for the Long-Term. Do Not Dance In and Out of It. Warren Buffet says, "If you have savings, and it's a good idea to have them if you can, just buy index funds and just buy them every month. And don't liste