Tips on Money Management by Warren Buffet

First got this from the status of my friend on Facebook and I’m sharing this to all of you guys because this is very important. READ ON…

1.) Spending - If you buy things you don’t need, you’ll soon sell things you need.

2.) Savings - Don’t save what is left after spending; spend what is left after saving.

3.)Hardwork - All hard work brings profit; but mere talk leads only to poverty.

4.) Laziness - A sleeping lobster is carried away by the water current.

5.) Earnings - Never depend on a single source of income.

6.) Borrowings - The borrower becomes the lender’s slave.

7.) Accounting - It’s no use carrying an umbrella, if your shoes are leaking.

8.) Auditing - Beware of little expenses; a small leak can sink a large ship.

9.) Risk-taking - Never test the depth of the river with both feet.

10.) Investment -  Don’t put all your eggs in one basket.