Wednesday, February 25, 2009
Be Wiser, Not Older: How To Manage Your Money
We should grow wiser and not just older. Here are some great advise from Warren Buffet, an American billionaire, investor, businessman, and philanthropist:
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.
Those who resolve to act on these principles will quickly regain his/her financial health.
Let us become wiser and lead a happy, healthy, prosperous and peaceful life.
Saturday, February 14, 2009
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