Warren Buffet’s ten adhered principles for financial health are as below which he claims to use & advises to people. Happy Making Money!
1. Hard work: All hard work brings 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: By buying 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, unless you are sure your shoes are not 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.
As for 10. Investment: Don’t put all your eggs in one basket. I doubt that was what Buffett said cause he believed in concentrated portfolio that we understand and know how to manage.