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. This year, I invite you
totap into the financial wisdom of our elders along with me, and
become financially wiser.
* Hard work: All hard work bring 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.
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