My New Year Resolutions

My New Year Resolutions:

1.                  Hard Work : All hard works bring a profit, but mere talk leads only to poverty.

2.                  Laziness : A sleeping lobster is carried away by the water current.

3.                  Earnings : Never depend on a single source of income.

4.                  Spending : If you buy things you do not need, you will soon sell things you need.

5.                  Saving : Do not save what is left after spending. Spend what is left after saving.

6.                  Borrowings : The borrower becomes the lender’s slave.

7.                  Accounting : It is no use carrying an umbrella, if your shoes are leaking.

8.                  Auditing : Beware of little expenses, a small leak can sink a ship.

9.                  Risk Taking : Never test the depth of the river with both feet. (Have an alternative plan ready.)

10.              Investment : Do not put all your eggs in one basket.

Wish all my readers Happy New Year and prosperous and peaceful life.

Above resolutions are the market philosophy of Investment Guru Warren Buffett.