Wednesday, 26 March 2014

Warren Buffett’s Advice – Simple but effective for lifetime...

Warren Buffett was born in the year 1930 in Nebraska, United States of America. He is one of the World’s most successful and well known investor. His unique style of investments lead and retained him as one of the richest person in the World. His advice to keep us financially healthy looks simple  and easy but very effective if we follow diligently for lifetime.

Hard-work: All hard work brings a profit, but mere talk leads to poverty.

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

Earnings: Never depends on a single source of income. At least make your investments get you second earnings.

Spending: If you buy things you don’t need, you will soon sell things you need.

Savings: Don’t save what is left after spending; spend what is left after saving.

Borrowings: The borrower becomes 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.

If you are already following these principles, definitely you will remain financially healthy. If don’t, good to start practicing these principles to regain the wealth.

22 comments:

Launna said...

He definitely has sound advice... One of the best ones is don't buy it if you really don't need it... it usually is wasted money :)

JoJo said...

Great advice...too bad I never did any of it and now i'm completely and utterly financially ruined and in debt so bad I'll never dig out.

My Garden Diaries said...

Such good advice! I really like him....he gets it!!!

HOOTIN ANNI said...

This man is a genius - legend in his own lifetime. Wishin' more were intelligent like he is.

endah murniyati said...

I lobe this post. Great advice

Bob Bushell said...

Ha ha, good thing to say.

TexWisGirl said...

wise words!

Julie Tucker-Wolek said...

These are wonderful pieces of advice!!!

Beatrice Euphemie said...

Excellent advice! Thanks for sharing! xo Karen

Lisa @ Two Bears Farm said...

My FIL is from Nebraska and is a big fan of his.

Pat Hatt said...

Debt up the arse at my sea, sooner her should have told me lol

Sherry Ellis said...

Certainly some excellent advice!

Christine said...

great advice!

Joy said...

Wow! Definetly rules to live by!
Have a happy weekend. It think I have to copy those rules:)

Betsy Adams said...

Amazes me how someone as smart as Warren Buffett (who is a fantastic investor) can support someone like Obama (and he does). Obama is trying to change our country and encourage people not to work hard. Obama wants to take away from the wealthy and give to the poor. I'm not wealthy--but IF I give to the poor, I want to control who I give it to Instead of letting our Govt. decide that. I do give my share to those in need --and many people do, but I do NOT want to give it to a lazy person who won't work and just wants to live off of our Gov (welfare, food stamps, free phones, etc)t... Our country is in a mess.....Breaks my heart... (Sorry for this post--but it's TRUE. I am definitely like Buffett --in that I'm in favor of Capitalism and NOT Socialism-which is killing Europe).
Hugs,
Betsy

Coffee Lady said...

Very good advice!

Debbie said...

i read each and every one, very good advise!!

my favorite quote "rich people are rich because they live like they are poor. poor people are poor because they live like they are rich"!!

Theresa Mahoney said...

Such a brilliant man! This is financial advice we should all be taking!

Blackberry Lane said...

Wise words, indeed.

betty said...

Thanks for visiting my blog (A Bench with a View) and your comments left. I do agree with the wise words of Mr. Buffet. I like what our pastor said a few years ago about money management (which I'm sure he got from another source). For each $10 you earn, spend 8, give 1 to charity, save 1. I think that is wise advice too; just need to follow it myself :)

betty

Red Rose Alley said...

These are some great tips. Thank you for sharing them. I noticed your flamingos on your Header. They are such a delightful bird.

Have a nice Wednesday.

~Sheri

Lori E said...

These are great tidbits of advice.
Most people have come off the rails financially. Too much credit available too easily.

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