Financial Wisdom

The time that I have chosen for blogging is the one where we are hearing words like Economic Turbulence, Financial Terrorism, Recession and many other words associated with it. Lots of people are currently wondering on how to plan or whether this is the correct time to invest, if yes then where or to save money for the "rainy day". Few tips which I got from my alter ego (Warren Buffet) are below:-

1. Hard work: All hard work brings 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 a single source of income. [At least make your Investments get you second earning]
4. Spending: If you buy things you don't need, you'll soon sell things 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: It's 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

Disclaimer:- I am not responsible if all of the above methods fail for any of you guyz.