Words of financial wisdom from the wealthiest man in the world (at least according to Forbes in 2008):
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
- 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.
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
January 27, 2009 at 3:13 AM
Oh gosh, I fail at 5 or 6 of those points!
But they are all insightful points. Should resolve to start curing 5 or 6 of those.