The American Warren Buffet has been in the investing game and winning for a long time, here is his guide to investing and my take on how to go about doing it…

• Hard work: All hard work brings profit; but mere talk leads only to poverty. 
- If the hard work you do does not bring profit  you need to get to doing smarter work, and work hard at that. 

• Laziness: A sleeping lobster is carried away by the water current. 
- Clearly the pain of hard work has caused laziness to kick in and you are debilitated by the hassles it caused, this does not happen all the time, try looking for ways to the pain and get on doing what you love.

• Earnings: Never depend on a single source of income. 
- Easier said than done sometimes… If you first thought was a Multi level business opportunity stop, it’s not the only answer and it’s not for everyone. So think about income from investments, in businesses, bank term deposits, rental properties etc…

• Spending: If you buy things you don’t need, you’ll soon sell things you need. 
- Ask yourself do I really need it, or just want it? Is it for my ego or??? Things you buy should enhance your life, not cripple it!

• Savings: Don’t save what is left after spending; Spend what is left after saving.
- Try putting 10% of what you earn in a separate bank account  you can’t touch easily. Teach your kids to do that ALWAYS, and leave the money there, unless they can earn more interest with savvy investments…

• Accounting: It’s no use carrying an umbrella, if your shoes are leaking. 
- Having an accountant is like having a great tool you always use in your toolbox, in this case the tool should have been something to fix the leaky shoes with!

• Auditing: Beware of little expenses; a small leak can sink a large ship. 
- Keeping track is vital, know if your margins are outside reasonable limits. 

• Risk-taking: Never test the depth of the river with both feet. 
- always have a back up plan, an exit strategy, a way of measuring how the risk taking is going and do great research before jumping in.

• Investment: Don’t put all your eggs in one basket. 
- And don’t harvest just eggs! Spread the load and keep things safe.

There, my take on investing using Warrens guide, notice how we find these things after people have gone to the wall!