Gist of an article by Warren Buffet to maintain financial health. Awesome money management nuggets!
Hardwork: All hardwork brings profit, mere talks lead to poverty.
Laziness: A sleeping lobster is carried away by the current.
Earnings: Never depend on a single source of income. Investments should be an alternate source.
Spendings: If you buy things that you do not need, you'll soon sell things you need.
Savings: Dont save what is left after spending, Spend what is left after saving.
Borrowings: The borrower becomes the lender's slave.
Accounting: Its no use of carrying an umbrella, if your shoes are are leaking.
Auditing: Beware of little expenses. A small leak can sink a big ship.
Risk Taking: Never test the depth of the river with both your feet.
Investment: Dont put all your eggs in one basket.
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