study hard, whether it's spiritual or material. Only by studying hard can you create higher value, and you won't feel empty. Studying hard means investing in yourself. Mr. Joe said that even such a great person is constantly learning. Do you have any reason to be lazy and give up? The richest and most successful people often recharge their brains and continue to try their best to study after finishing their studies, such as attending work-related seminars, enrolling in classes, buying books, and so on.
To improve your ability by studying hard, the next step is to work hard. Wage income is everyone's main source of money. There is no such thing as pie falling in the sky. Luck is slim, but success is a choice. When you are constantly studying and working hard, under normal circumstances, you can almost reach the peak of your salary at the age of 4, and you can have a lot of income to control. Of course, increasing revenue and reducing expenditure go hand in hand, so we should cultivate some habits of saving and managing money before the age of 4.
Set financial goals. You also need to set goals for your annual income and net wealth. If you want to accumulate wealth, you must have a clear and specific goal, and then make a financial plan to achieve this goal. When setting a timetable to achieve these big financial goals, you must proceed from reality. At the same time, you should set your goals bigger, and don't be afraid that you can't finish them. An obvious feature of the rich is that they have high expectations of themselves. Make a plan of fixed investment plus floating investment income. In the United States, Warren Buffett used this investment method to achieve an annualized rate of return of 2%. At present, there are roughly stocks, creditor's rights, futures, etc. In the fixed investment category, P2P, bank financing, national debt, monetary fund and floating investment are relatively safe. Now it is absolutely the next policy to invest in stocks. If A shares cannot be invested, is there no other investment method? At present, some people still make money in this market. Some people started to enter the market at the beginning of the long bear market in 21, and it has doubled and a half in five years. However, they are by no means like most people who go to stock trading. All the money they can earn from stock trading is to trick leeks into cutting them. Smart people should cut leeks.
readjust your investment arrangement according to the actual situation. Investment is not once and for all. With the change of life, especially the great change, you should re-examine and adjust your investment plan regularly. For example, if you decide to retire early, you must readjust your investment time range and the risk coefficient in your portfolio. If necessary, you can adjust your investment plan according to the current situation every year.
buy the insurance you need for your own health investment. No one wants to deal with insurance because it is very complicated and puzzling, but when you are in your forties, you should realize that it is wise to buy insurance. There are many kinds of insurance, such as life insurance, tenant insurance, car insurance and incapacity insurance, and so on. You should decide whether to buy life insurance or pet insurance according to your actual situation. It is a very good habit to reassess your insurance plan next year, aiming at ensuring that the insurance you bought can still meet your needs and be within the budget.