9 tips to become financially healthy

9 tips to become financially healthy
photo by andrewinpompey

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. Let us tap into the financial wisdom of our elders and become financially wiser.

Hardwork: 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 investment get you second earning).

Spending: 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.

For those of you who have already been practicing these principles — great, I’m certain you are already financially healthy. I’m equally confident that those who resolve to practicing these principles will quickly regain their financial health.

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Author: Austin Comments: 0 comments Date: 14 Mar 2009
Categories: Money Tags:
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