Never test the depth of the water with both feet.

Warren Edward Buffett; born August 30, 1930, is an American business magnate, investor and philanthropist. He was the most successful investor of the 20th century. He has 6 good financial tips that we can all use and adopt into our life.

On Earnings – Never depend on single income. Make investments to create a second source.
On spending – If you buy things your don’t need, soon you will have to sell thing you do need.
On Savings – Do not save what is left after spending, but spend what is left after saving.
On taking risks – Never test the depth of the water with both feet.
On Investments – Never put all your eggs in the one basket.
On expectation – Honesty is an expensive gift. Do not expect it from cheap people.