Wednesday, 21 January 2009

Warren Buffets Advice for 2009

Hello Readers / Visitors,

We begin this New Year with dampened enthusiasm and dented optimism.Our happiness is diluted and our peace is threatened by the financialillness that has infected our families, organisations and nations.Everyone is desperate to find a remedy that will cure their financialillness and help them recover their financial health.Every new year, I adopt a couple of old maxims as my beacons to guidemy future. This self-prescribed therapy has ensured that with eachpassing year, I grow wiser and not older. This year, I invite you totap into the financial wisdom of our elders along with me, and becomefinancially wiser.

* Hard work: All hard work bring a profit, but mere talk leads only topoverty.

* Laziness: A sleeping lobster is carried away by the water current.

* Earnings: Never depend on a single source of income. [ At leastmake your Investments get you second earning ]

* Spending: If you buy things you don't need, you'll soon sell things youneed.

* Savings: Don't save what is left after spending; Spend what is leftafter 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 theseprinciples remain financially healthy. I'm equally confident thatthose who resolve to start practicing these principles will quicklyregain their financialhealth.

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

Regards,

Allies Financial Services

Website :
http://alliesfin.blogspot.com/ ( Reg 4 Stk mkt Alerts)

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