Many of us depend on single income and stuggle to manage it. We are attracted by ads and environments and buy whether that needed or not needed. we go exhibition and see beautiful chair, we want to buy that even we have enough at home. If we have children at home this happens frequently. They want to buy the same toys even they have one at home. They won't know the value of money and how hard to earn and save it. While they grow, its our duty to make them understand the value of money.
Here are very simple and beautiful quotes from warren buffet.
1. On Earning:
Never depend on single income. Make investement to create a second source.
2. On Spending :
If you buy things you do not need, soon you will have to sell things you need.
3. On Savings:
Do not save what is left after spending, but spend what is left after saving.
4. On Taking Risk:
Never test the depth of river with both the feet.
5. On Investment:
Do not put all your eggs in one basket.
6. On Expectations:
Honesty is very expensive gift. Do not expect it from cheap people.