Friday, June 19, 2009

Warren Buffett’s advice for 2009 - The Financial Express

There are some sound and amusing bullet points in this short feature from the Sage of Omaha!
Warren Buffett’s advice for 2009 - The Financial Express: "Warren Buffett’s advice for 2009"

* Hard work: All hard work bring a profit, but mere talk leads only to poverty.
* Laziness: A sleeping lobster is carried away by the water current.
* Earnings: Never depend on a single source of income. [At least make your Investments get you second earning]
* Spending: If you buy things you don't need, you'll soon sell things you need.
* Savings: Don't save what is left after spending; Spend what is left after saving.
* Borrowings: The borrower becomes the lender's slave.
* Accounting: It's no use carrying an umbrella, if your shoes are leaking.
* Auditing: Beware of little expenses; A small leak can sink a large ship.
* Risk-taking: Never test the depth of the river with both feet. [ Have an alternate plan ready ]
* Investment: Don't put all your eggs in one basket.

Let us become wiser and lead a happy, healthy, prosperous and peaceful life.

Then there are his 10 secrets to wealth and life!


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