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 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 is 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 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: 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 pull 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 the financial health.
Let us become wiser and lead a happy, healthy, prosperous and peaceful life
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