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How to Grow Rich Tips by Warren Buffet

Posted By On 2/22/2009 10:23:00 PM Under

1. Warren Buffet is of the view that one has to work hard to make money and mere talks just bring the poverty. He has given a few more grow rich tips which are stated below and has the potential to make you a millionaire.

2. One has to be always alert in the stock market failing which one will be carried by water current like a sleeping lobster.

3. Have a vision and let your investments get you second earnings. Never solely depend on your primary source of income. Remember not to put all egs in the basket.

4. Plan your buying spree failing which one will be selling things which one may be needing.

5. As a rule save first and than spend the balance and not the viceversa.

6. Avoid borrowing as by borrowing one becomes lender's slave.

7. Undertake the financial transactions with due deliberation and keep even small expenses under control as a small leak can sink a large ship.

8. Have one feet on the ground as it is aptly said that one should not test the depth of the river with both feet which means that one must have a ready alternate plan.

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