Thursday, February 19, 2009

Great advice to take heed.

Just thot that I would share Warren Buffet's New Year Letter.

I know its a little late, but better late than never:

Here's what he said:

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, organisations 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.


A sleeping lobster is carried away by the water current.


Never depend on a single source of income.


If you buy things you don't need, you'll soon sell things you need.


Don't save what is left after spending; Spend what is left after saving.


The borrower becomes the lender's slave.


It's no use carrying an umbrella, if your shoes are leaking.


Beware of little expenses; a small leak can sink a large ship.


Never test the depth of the river with both feet.


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.


Warren Edward Buffett (born August 30, 1930) is an American investor, businessman, and philanthropist. He is one of the world's most successful investors and the largest shareholder and CEO of Berkshire Hathaway. He was ranked by Forbes as the richest person in the world during the first half of 2008, with an estimated net worth of $62.0 billion. Source: Wikipedia


TripleJin said...

No.3? He was with, actually, he was on the floor, crawling everywhere...and having a really good time! They don't mind if you bring the younger siblings, because they understand it's normally hard to get babysitters.

Plus, the lil girls were thrilled to hv a reallife baby to play with. Ha ha...

Stardust said...

How very true, what wisdom and nothing too tricky, except...
we only have one source of income leh! =(((
God bless us, everyone.

Constance Chan said...

these are very meaningful. i used to write little notes like that in my daily diary when i was a student.. thanks for sharing. makes me wanna jot it down again..hehe

iml said...

Looks like I'll have to start looking for a job. It's true, depending on one source of income is very risky in these uncertain times.