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Tuesday, January 27, 2009

Warren Buffet's Words of Wisdom

Everytime I write a blog I always make sure it is real estate related. However once in a while the lessons we learn every day transcend an industry and can affect our whole outlook on life.

Today's blog I leave it to you to reflect on the wise words of Mr. Warren Buffet, who is the ultimate owner of Esslinger Wooten Maxwell (EWM Realtors) and for whom I work...

Subject: Warren Buffet in 2009

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.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 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.

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.

Warren Buffet Opportunities are never lost. The other fellow takes that you miss.

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