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The Ten Commandments to Beat the Finacial Crises

Wednesday, 11 March 2009

The Ten Commandments to Beat the Finacial Crises of 2009 and Beyond

Everyone is desperate to find a remedy that will cure the finacial illness of 2009. Most people are expecting the finacial experts to provide them remedies, forgetting the fact that it is this experts who created this finacial mess. But, I do strongly believe my ten self prescribed therapy will ensure you to keep your finacial health in good shape.

1. Hardwork: All hardwork bring a profit, but mere talk leads only to poverty.

2.Laziness: A sleeping fish is carried away by the water current.

3.Earnings: Never depend on a single source of income. ( At least make your

Investments get you second earnings )

4.Spendings: If you buy things you dont need, you,ll soon sell things you need.

5.Savings: Dont save what is left after spending; Spend what is left after saving.

6.Borrowings: The borrower becomes the lender`s slave.

7.Accounting: It`s no use carrying an umbrella, if your shoes are leaking.

8.Auditing: Beware of little expenses; A small leak can sink a large ship.

9.Risk-Taking: Never test the depth of the river with both feet. (Have an alternate plan ready)

10. Investment: Dont put all your eggs in one basket.

Tedla