[Desi Masala] financial survival tips
*Warren Buffet-Be Wary Tips*
*"We begin this New Year with dampened enthusiasm and dented optimism. Our
happiness is diluted and our peace is threatened by the financial illness
that has infected our families, organizations and nations.
Everyone is desperate to find a remedy that will cure their financial
illness and help them recover their financial health. They expect the
financial experts to provide them with remedies, forgetting the fact that it
is these experts who created this financial mess.
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.*
*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.***
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*
**Spending:** *
*If you buy things you don't need, you'll soon sell things you need.***
* *
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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.***
* *
*
**Investment:** ***
*Don't put all your eggs in one basket.
*
I 'm certain that those who have already been practicing these 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
--
Always make your absence felt in such a way that somebody misses you, but
don't let your absence be so long that somebody starts learning to live
without you.
Life is a one way journey, not a destination. Travel it with a smile and
never regret anything.
Treat the earth well.....it was not given to you by your parents, it was
loaned to you by your children. We do not inherit the earth from our
ANCESTORS, we borrow it from our children.
Ability is what you're capable of. Motivation determines what you do.
Attitude determines how well you do it.
[Non-text portions of this message have been removed]
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