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Food for Thought - Common Sense
from Pst Kong's Blog
The Bible says in Prov. 4:7, that “in all our getting, get understanding,”
which is really nothing more than “anointed common sense.” I came
across a piece of advice Warren Buffet gave to his shareholders for
2009. I was amazed by the simplicity and common sense found in his
approach toward basic management of money.
This is what Buffet said:
“We begin this New Year with dampened enthusiasm and dented
optimism. 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. 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 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.
There is truly no short-cut to success.
We all need to remind ourselves of these back-to-basic principles
of life, wisdom and common sense.
was talking to one of my colleagues and he said he spends all his
money without saving every month. a young chap with not many
commitments but he's still lacking when i spoke with him.
tat threw me off a little and i really wondered....
well, try to save at least 10% of your gross salary every month.
tat's the basic principle u shd start with. DUN SPEND ALL UR $$$$!
i totally hate it when i dun have enough to spend every month
but gotta be disciplined abt saving my hard earned cash....
but i love it when i know my money's saved! (:
but never become a miser!
be a giver and not a hoarder (:
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