Buffett advises investing within your "circle of competence"—that is, areas you know well. Credit: Yuri Gripas / Getty Images
Warren Buffett, famously known as the “Oracle of Omaha,” bought his first stock at the age of 11. Today, his net worth surpasses $140 billion. While few will replicate his extraordinary success, his timeless advice to young investors remains simple and powerful: start early, stay patient, invest in what you understand, and be selective.
Start Investing Early When Possible
Although age 11 is unusually young to start investing, the best time to begin is as soon as you have income to put aside. Certified financial planner Chad Gammon suggests starting around age 16, when young people typically earn their first paychecks. This timing allows investors to prioritize building wealth instead of entering debt for expenses like rent or mortgages. The initial paychecks serve as an excellent opportunity to learn about money management and investing in a practical way.
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