Tuesday, February 17, 2009

Warren Buffet's advice 2009

Got this from an email :)

* Hard work: All hard work bring a 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. [At least make your Investments get you second earning]


* 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.


* 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. [Have an alternate plan ready]


* Investment: Don't put all your eggs in one basket.

3 comments:

sabby said...
This comment has been removed by the author.
Anonymous said...

very wise advices indeed..i'll take heed of them in my life..hehe..

sabrina

zhi ling said...

haha,
yea,
very cool!!
and indeed meaningful~