Warren Buffett Shares The "Best Investment" To Beat Stubborn Inflation, And It's An "Untaxed" Bet Anyone Can Make

For anyone thinking they don't have enough money to start investing or feeling they're falling behind due to high inflation, investing legend Warren Buffett has some good advice that anyone can follow.

Buffett strongly advocates for people to invest in themselves, saying, "Investing in yourself is the best thing you can do. Anything that improves your own talents; nobody can tax it or take it away from you."

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The idea is that regardless of whether government debt gets further out of control or if the dollar strongly weakens, you can maintain strong earnings power by being the best in whatever field you choose, saying that people "are going to give you some of what they produce in exchange for what you deliver."

For example, the best plumbers or programmers will always be able to carve out their piece of the economic pie as someone will surely need their services.

While anyone can follow Buffett's advice, it might be hard to emulate his level of success.

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From when Buffett first formed his investment partnership named Buffett Partnership Ltd. in 1956, to eventually turning it into the Berkshire Hathaway BRK of today, valued at close to $900 billion, he's amassed a stunning net worth of around $139 billion. 

This achievement is even more impressive considering he's donated upward of $51 billion so far to charities.

Of course, his earnings did not happen overnight and were instead the product of patient compounded returns, even once saying that his "life has been a product of compound interest."

To reap the benefits of compounded return by investing in yourself, it makes sense to start as early as possible and to always continue to do so, following the advice of his late business partner, Charlie Munger, who once said, "The first rule of compounding: Never interrupt it unnecessarily."

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