March 7, 2009

Financial Wisdom

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.

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.

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.

-Warren Buffet

6 comments:

Uncle Lee said...

Hi Lvynana, there's a saying, A single conversation with a wise man is better than ten years of study.

Nice blog you have.

And yes, the economy is not too good, but remember, newspapers sell when bad news. And sometimes we read and believe everything...

You keep well and have a pleasant weekend, best regards, Lee.

Sumuk said...

Sleeping or not, lobster mmg sedap bah.

Rose said...

Warren Buffet is a great person. very nice quotes from him. Thanks for sharing

lvynana said...

Uncle Lee : Thanks for dropping by, and u have a nice weekend too!

Sumuk : Lobster mmg sodap, sik mampu mok mkn slalu.

Rose : yup, nice quotes, personally I like the 1st quote, need to stop all those unnecessary shopping

Gallivanter said...

Isn't this the chapters of that Warrent Buffet book?

lvynana said...

Gallivanter : Not sure about that, never read his book.