Financial Advice From Warren Buffet

Financial Guru, Warren Buffet’s Financial Advice

Well, admittedly I think most people could give this rather ’sage’ advice:

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.

It’s all pretty common sense, but it’s still good advice.  At times it seems the best advice to give is the common sense approach, how many will actually take it however who knows.

Looking at this list, I’m thinking of a few other things I could do so that’s something at least.  Right now we’re all feeling the pinch (well, a lot of us anyway), and we can mostly all use a few new ways to save money.

A few tips I’ve gotten and like:

*Cancel Cable - There’s so many free ways to watch tv online it almost seems a bit silly to spend so much on tv.  There’s hulu.com, for Comcast customers like myself the whole line up is at your fingertips online.  All on demand, and free.

*Combine things- Phone and internet for instance.  Either by using Skype (hell, it’s cheaper anyway and all you need is wifi) or using the combined plans.  Granted, I more than likely could have chosen a better exambple but, hey it’s still a halfway decent one.

Anyone have any other sage money saving tips?

Please, post them in the comments.