Sayings from Warren Buffet - Financial Guru
It is good to start the New Year’s posting by Wise men message.
Excerpt from Warren Buffet..
Every new year, I adopt a couple of old maxims as my beacons to guide my future. This self-prescribed therapy has ensured that with each passing year, I grow wiser and not older. This year, I invite you to tap into the financial wisdom of our elders along with me, and become financially wiser.
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.
Hard work: All hard work brings 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.
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.
Investment: Don’t put all your eggs in one basket.
I’m certain that those who have already been practicing these
principles remain financially healthy. I’m equally confident that those who resolve to start practicing
these principles will quickly regain their financial health.
Let us become wiser and lead a happy, healthy, prosperous and peaceful life.
- Warren Buffet
