Warren Buffett says there are three ways to become poor: alcohol, ladies, and borrowing

Warren Edward Buffett is one of the world's biggest investors and also a great philanthrop.

If you need three words to describe this person, then they are businessmen, investors, and philanthropists.

He is also one of the richest men in the world.

Warren Buffett often gives very valuable advice.

Whether it's about warnings he made against Bitcoin or about how to do business successfully, Warren Buffett is highly respected for his thoughts in business.

In an interview for CNBC, Warren had said investors should avoid borrowing money to buy shares.

It's crazy to risk what you own and what you need something you really don't need... You will not be happier if you double your wealth.

My partner, Charlie, says there are three ways in which a wise person can be left without money: alcohol, ladies and borrowing”.