2. Be patient in financial management.
3. Easy first, then difficult
1.30 Pay attention to financial management after age 30. Li Ka-shing believes that after the age of 30, the importance of investment and financial management gradually increases, and making money in middle age is no longer important. At this time, how to manage money is even more important. From this perspective, it is very important to invest in financial management if you want to live a rich life. 30 years old is a period of wealth accumulation and development. At this time, financial management determines the quality of life in the future. In order to achieve long-term investment goals, funds are better investment products.
2. Be patient in financial management. Li Ka-shing believes that financial management cannot be effective in a short time, and it is unrealistic for a person to get rich quickly in a short time by using financial management. Warren Buffett once said, "Many people want to get rich quickly. I don't know how to make money as soon as possible. I only know that I can make money over time. " Both Li Ka-shing and Buffett's views show that investment is not "speculation", but a long-term thing, even a lifetime thing. Financial management needs persistence, not an "impulse".
3. It's difficult first, then easy. Save 1.4 million yuan every year, with an average return on investment of 20%. As long as it takes 20 years, the assets can be accumulated to 26 1.0 million yuan. If you persist for another 20 years, you may become a billionaire. Of course, it is not easy to guarantee a 20% annual return on investment. At the same time, during this period, there can be no expenditure exceeding the budget. It looks easy, but it's not that easy to do. Through this secret, we know that in addition to persisting in long-term investment, we should also choose some easy-to-operate methods in order to persist in achieving our goals. The fixed investment of the fund is a "lazy investment method" with simple operation and full enjoyment of time compound interest. If you buy a fund with the same amount at a fixed time, the fund can automatically buy less when it rises and buy more when it falls. Long-term persistence can not only diversify investment risks, but also effectively reduce the average cost of each fund unit.