May’s Closet

Sinking economy?

February 10, 2009 · 1 Comment

No need to repeat what every newspaper, blogs, magazines and saying these days. But I find these few tips very useful.. :)

* 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.

 

Categories: Me, Myself & I

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