Warren Buffet’s Financial Tips

22 11 2009

Some very practical advice

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