MONEY WISDOM from WARREN BUFFET
When you make Money, it must shine. And Wealth does not shine through Palatial Houses, Swanky Cars & other such Possessions. However, Wealth glitters when it shows how much you Care or your readiness to Share and through Personal Example, when you enrich others' Lives by the Good you Do.
Selling Newspapers as a child & to become one of the richest person in the world, is no mean achievement. He has donated US $ 31 billion (about 2 lac Crore Rupees) to various charities, the world over, To Do Good. Yes, its Warren Buffet, whose advice on money matters, you must consider. He says:
- Happiest people do not necessarily have the best of things. They appreciate the things they have.
- Choose a simple smarter way to live. Don't go for expensive brands. Just wear what you feel comfortable in.
- It's your life. Let it be governed by you. Do not let it be governed by others. Don't do what others say. Just listen to them and do what you feel good about.
- Remember, money does not create man. It is the man who has created money".
- Use credit cards occasionally for convenience but stay away from bank loans to improve your lifestyle.
- Invest in yourself. Don't try to show off. Just be yourself. Buy only what you really need.
- On EARNING, he says "Never depend on single income. Make investments to create a second source".
- On SAVING, he says "Do not save what is left after spending but spend what is left after Saving".
- On INVESTMENTS, he says "Do not put all your eggs in one basket".
- On taking RISK "Never test the depth of the river with both feet".
- On EXPECTATIONS, he says, "Honesty is very expensive. Do not expect it from cheap people".
- His final advice "NEVER LET MONEY RULE YOUR HEAD".
- Even as the second richest man on this planet, Warren Buffet still lives in the same house, which he bought fifty years ago after marriage, drives his own car and wait, it's not over yet. Though his company Berkshire Hathway, owns sixty three companies including world's largest private jet company, he prefers to travel with regular airlines like everyone else, never ever using number of private jets his company owns.
Posted by: Cool Kis <cooolkis@gmail.com>
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