Warren Buffet's advice for 2009

1. Hard work: All hard work bring a profit, but mere talk leads only to poverty.

2. Laziness: A sleeping lobster 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 earning]

4. Spending: If you buy things you don't need, you'll soon sell things you need.

5. Savings: Don't 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: Don't put all your eggs in one basket.