Remedies for fiscal illnesss

[Guest guest]

Warren buffets advice for 2009

 

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 bring a profit, bu 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.

 

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 wil quickly regain their

financial health.

 

Let us become wiser and lead a happy, healthy, prosperous and peaceful life.