I wanted to share this message that is being forwarded around in emails and chat groups. Apparently quoted by Warren Buffet. While I am not sure of authenticity of this information, I wanted to share these thoughts which are very apt for the situation. Read on…
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.
- 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.
- 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..
After reading this, makes me wonder if Mr. Buffet had any Indian connection. These are pretty much things that I have heard from parents and grand parents
On a more serious note, I think these are very thoughtful and practical advise.
- Don’t Worry, Be Happy!
- In Pursuit Of Happiness
- The Saving Grace
- Risk- A Method To The Madness?
- Are You Superstitious?