Warren Buffet's Principles on Wealth

Money, Money, Money!

I received an email from my mum this morning which is very cool. It's cool on two levels. The first is that it means my mum has worked out how to send email to her children, for that I am extremely happy. The second is that it contained the words of Warren Buffet. If the name doesn't mean anything to you then get going and google his name.

I have learnt so much from this man through his books, reports, and articles. I changed my relationship with money and have seem sooooo many positive changes because of what I have learnt and applied.

My golden rule:

You will never achieve your dreams if you cannot save

Below is a copy of the email. I hope this helps you find your way financially..

"Our happiness is diluted and our peace is threatened by the financial illness that has infected our families, organizations and nations. Everyone is desperate to find a remedy that will cure their financial illness and help them recover their financial health. They expect the financial experts to provide them with remedies, forgetting the fact that it is these experts who created this financial mess. Every New Year, I adopt a couple of old maxims as my beacons to guide my future. This self-prescribed therapy has ensured that with each passing year, I grow wiser and not older. 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: A 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.

I'm certain that those who have already been practicing these principles remain financially healthy. I'm equally confident that those who resolve to start practicing these principles will quickly regain their financial health. Let us become wiser and lead a happy, healthy, prosperous and peaceful life."

What a genius!

brian