Tuesday, March 10, 2009

Warren Buffet's advice for 2009

Warren Buffett, a billionaire investor says the US economy has "fallen off a cliff" and warns that inflation may accompany a rebound. Referring the economic environment as an "economic Pearl Harbour", he said an hour ago precisely that the economy "can't turn around on a dime" and that this could lead to higher inflation. Yeah Right, now thats news to all of us!! anyways benevolent Mr.Buffet administered some of his secret mantras to a peaceful monetary existance. While the rules etched out are open and shut, adhere to atleast one of them and lives can get better. I liked this column and assumed this would be good piece to share.

Well, whom am I?? Why am I here???
I am Ramya- one of the babs beloved, always had a craving to pen down..had an eye on bloggin but lotta reservations held me back. Mr.Cool co-authored me offering his pages to start with and encouraged me thus to write anything on everything and let go off all the apprehensions bout writing. My first time writing, apart from essays in school, toefl, gre..so bear with my fallacies and kindly disregard if you are boreddd.


Mr. Cool said...

Wow Ramya, what a post to start your blogging. First of all the way you are writing is very good and regarding fallacies, I don't think I could find one.

I have been hearing about this recession for a very long time. How many of us have actually knew what exactly it is and actually got impact with this? More than the government employee the private sector employees have actually suffered a lot and I came to know about this only when some of my good friends have lost their jobs.

I have always been very bad at my money management. Actually speaking I never thought or understood about this recession and hence did not show any intend to do some saving. I happily got married and now after seeing all this mess going around, I cannot deny the situation/concern/preparation that have been lingering in me. I have been seeing the attack of flying emails/news/rumors in my Inbox about how to escape this recession. Even after reading all those complex articles I have been struggling to execute cost saving exercise in my personal life.

But after reading this article I am now sure of what to do and what not to do. The order in which the things I would go ahead would be Auditing, Spending, Savings, Earnings and once these are properly taken care, I guess the rest would automatically follow. But one thing all these tips would just be tips if no reaction or effort is taken.

Ramya said...

Kudos!!! firstly, coz u have already begun to re-think your lifestyle. Its always good to revise inspite on floating on safe waters. I totally second your views on recession, its hitting harder than anticipated and I've seen few families leave this country for good..and no wonder in India its worse.
Well, as they say: An apple a day keeps a doc away ;) ther seems to be a lot to learn from Apple, apart from eatin it for good health..jiske bank mein liquid cash, wahi aaj ka king!!!