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Friday, March 20, 2009

Warren Buffett’s Advice for 2009

Hard work: All hard work brings a 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. (At least make your investments get you second earning)

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.

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.

note : do the above all the time, not just for 2009

2 comments:

aldamoz said...

Hi Brother Anas,

Good day to you! I hope you are in the pink of health. Alhamdulillah.

I started to read your blog since the published of you two year truce letter in the paper. I TOTALLY AGREE with you, all politicians should put moreee effort on the economy plannings and our beloved country Malaysia.

By the way, do you organize any programme in Kuching. If yes, please let me know about it.

Thanks brother, take care!

aldamoz

pah nur said...

"Borrowings: The borrower becomes the lender’s slave"

Remember that when the politicians favors IMF lendings....