Warren Buffet New years' letter

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, organisations 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 brings 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.
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.
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

SHARING BRIAN’S KNOWLEDGE.

The Five Roads to Financial Success and How to Choose Your Own

There are basically five ways that you can become wealthy starting with nothing based on over 25 years of research into American millionaires.

Number one.
You can inherit it. Less than 10 percent of wealthy Americans inherited any of their money, and it's less and less every single year.

The Second Way.
The second way that you can become wealthy is you can achieve it professionally.

The Third Way.
The third way you can achieve it is you can become a senior executive of a large corporation.

The Fourth Way.
You can win it.

The Best Way.
The fifth way that you can become wealthy is you can start your own business and earn it all by yourself. Starting your own business has been and will always be the high road to becoming wealthy for most self-made millionaires.
This is why it has been said that if you have the ability to start your own business and you don't do it, you are a fool.

Where do you start?
You start by getting your finances under control. The very first thing you do is you make a decision to get your finances under control. Some years ago, a man named George Classon wrote a book called The Richest Man In Babylon. It's a classic on financial success and what Classon said in that book was that the key to becoming wealthy is to pay yourself first. Take ten percent off your earnings, off your gross income every month and put it aside.
Learn to live on ninety percent or less of your gross income. So the very first thing that you do is you begin to save your money.

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The greatest is Love

Love is Patient and Kind;

Love does not Envy or Boast;

It is not Arrogant or Rude.

It doesn’t Insist on its way;

It’s not Irritable or Resentful;

It doesn’t rejoice at wrong doing, but Rejoices with the Truth.

Love bears all things,

Love believes all things,

Love Hopes all things,

Love Endures all things.

Love Never Ends.

1st Corinthians 13 (English standard version)

Happy Valentine’s Day