6 Investing Lessons by The Legend 'Warren Buffet'
3. Be Tax Savvy
One should have adequate knowledge about tax laws if he or she is investing their hard earned money into stock markets and shares. For example, corporative banks give 9.75 percent Fixed Deposits rates if your investment is less than 
15 lakhs and upto 9.15 percent for the investment of less than 1 crore. Tax implications should be understood fully before implementing your money into any investment.
4. Borrowing: Limit what you borrow
You will never become rich by living on borrowed money of someone else’s. People always think that borrowing is manageable but it isn’t. Whatever you are investing will come back to you eventually but if you are in dept, then all your hard earned investment returns will be of no use. One needs to have a solid plan to pay his debt back and not become its lifetime slave. A debt-free life is the best life one can ever have.
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