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. you'll soon sell things you
need. spend what is left after
saving. but mere talk leads only to
poverty. the water
current. a small leak can sink a
large ship. these principles remain
financially healthy. I'm equally confident that
those who resolve to start practicing these principles
will quickly regain their financial
health. prosperous and peaceful
life.
Spending:
If you buy things you don't need,
Savings:
Don't save what is left after
spending;
Hard
work: All hard work brings
profit;
Laziness: A
sleeping lobster is carried away by
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;
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
Let us become
wiser and lead a happy, healthy,
Warren
Buffet
