Basic Ways to Accumulate Wealth:#
(1) Employment - Wealth Accumulation Addition and Subtraction
The entry threshold for employment is not high, but it is accompanied by the erosion of time and opportunity. Successful individuals can turn simple addition into multiplication, or even transform it into an investment, typically through promotions or changes in job roles, such as moving into middle or senior management, becoming a CEO, or a partner; while failures are forever stuck in repetitive addition, and if the environment is harsh, they may even face subtraction, such as hyperinflation, layoffs, or changing industries.
(2) Independent Business - Wealth Accumulation Multiplication and Division
The entry threshold for independent business is not low; it requires not only a clever mind but also high emotional intelligence, exceptional willpower, and significant energy expenditure. Although successful individuals may appear wealthy, they are often physically and mentally exhausted, suffering from serious internal injuries.
(3) Investment - Wealth Accumulation Exponential Multiplication and Division
Investment has the lowest entry threshold but permeates all aspects of life and reveals various facets of human nature. Where in life is there no investment? Successful individuals not only accumulate wealth but also enjoy great mental and physical comfort, leading a relaxed and pleasant life, steadily improving their quality of life; while failures suffer minor losses in wealth, but their mental and physical well-being is often completely shattered, living in hell with no hope of recovery.
Investment is a choice; it is about choosing your own path in life;
Valuing investment is valuing yourself.
The First Money Invested in Yourself: What Attitude Should College Students Have Towards Saving/Spending?#
Generally, people do not earn significant money before the age of thirty.
To earn big money after thirty, the prerequisite is to see if you have "invested in yourself" before thirty.
If you are unwilling to invest in yourself, your boss and employees will certainly not have faith in you and will not invest their precious resources in you.
If this is the case, after thirty, you will truly experience the taste of "life starting to decline."
You will regret the "small savings" you made.
But remember, money spent does not necessarily mean it can be earned back; only spending aimed at "investing in yourself" has the chance of recovery.
ps:
Some people ask, what does "investing in yourself" mean? My opinion is as follows:
Learn unknown knowledge. Cultivate lacking skills. Explore unfamiliar worlds. And, make friends with people better than you.
More importantly, give yourself the opportunity to make mistakes.
Ultimately, it boils down to one thing: making mistakes.
Without making mistakes, one cannot grow.
Before thirty, you should realize all possible "madness" - absurdity, stubbornness, bravery, dreams, childishness, irrationality, illogic, and passionate persistence, regardless of what others say. Even if you fail miserably, you can still rise again and turn your fortunes around.
After thirty, you are no longer living for yourself; you are living for your boss, your employees, your wife and children, and your aging parents. In my view, after thirty, the vast majority of people begin to lose themselves. Perhaps some can "continue to make mistakes," but various constraints will come uninvited, and you cannot escape.
The important thing is to make mistakes.
Thirty is a threshold; because you know there is this threshold, you will "go against the tide" before thirty. You must "go against the tide." You must hit the wall. If you do not hit the wall, your life will lose much meaning, and one day you will surely regret it. You will be disappointed in your younger self…
Let Go of Your Credit Card
What should you pay attention to when using a credit card? What are good habits? Why?
Li Miao
Thank you for the invitation.
I once encountered a credit card crisis, so I want to discuss this matter thoroughly.
- Try to pay off the full amount every month.
I have insisted on paying off the full amount every month for about five years. Previously, due to low income but too many desires, I