Old advise but works forever

I found this very relevant to us as a reminder. We tend to forget the principles of economics when we move on in our life. Every time when we have a bit of spare money, we always think of how to utilise it to the maximum capacity. What we do not realise is that when we think we are a smart consumer, we end up being a poor decision maker.

Read on for the advise from Warren Buffet:

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.
> Laziness : Sleeping lobster is carried away by the water current.
> Earnings : Never depend on a single source of income.
> 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.
> 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.
> Investment : Don't put all your eggs in one basket.

Lets have a wonderful and fruitful year ahead of 2010!!!