Learn to fire a gub and catch up every day. Good stocks are always thrown away, but junk stocks are never allowed to turn over.
I heard that the P2P revenue was considerable and stable, so I invested money in it, and the result was a thunderstorm. Buying a fund should be a sure bet, but how can it be your turn to lose money all the way?
Buying a house should be a foolproof investment, but my pocket is dry, and I can't wait to tighten my belt for the down payment, let alone pay the mortgage for 30 years. What will happen in these 30 years, the house will be confiscated or auctioned by the bank?
Have you ever had such an experience and lamented: How can it be so difficult to make money, save money and achieve financial freedom in life?
It's not that your ability is poor, but that your understanding of money is not in place.
And financial management knowledge belongs to knowledge that is not taught by schools and unknown by parents, and needs to be used everywhere every day.
Many people think that as long as they work hard and invest freely, they can become rich immediately. As we all know, money is spiritual and only for those who have the ability to control it. As Charles Munger said, my sword is only for those who can wield it.
However, whenever you make a mistake on the road of wealth accumulation, the result is often not only the opposite, but also the possibility of bankruptcy or debt.
Just like many consumption patterns that rely on X and XX loans in life, people often fall into financial crisis. There are also some moonlight people who want to make quick money by sneaking into various investments.
The result is often driving an Audi car and coming out with a secret. And this is all our hard-earned money.
But in this world, there are indeed some people who, although not rich at first, have made their finances grow continuously and realized the freedom of wealth after applying the correct financial management knowledge.
For example, Buffett, the richest man in the world, Li Xiaolai, a blockchain investor, and Bodo Schaefer (the top German financial master, known as "Buffett in Europe"). They finally freed themselves from the shackles of money and did what they liked: such as reading, fitness, investing, spending time with their families, helping their friends and so on.
So, how did they do it? Is there any investment method suitable for us ordinary people? Bodo Fisher tells us in The Road to Financial Freedom that the key to financial freedom is to save first, then invest with savings, and so on.
The author also succeeded in getting rid of debt and realizing financial freedom because of this practice. Let thousands of people embark on the road to wealth, reaching 654.38+million in seven years. If you want to live a rich life, then the next step may be to change the turning point of your life.
On the one hand, many of us want more money, on the other hand, we think money is evil. Just like the author of this book, his parents told him from an early age that it is difficult for rich people to go to heaven. On the other hand, he hates poverty, so he leads a very contradictory and painful life. But in the end, he chose to get rich hard, and through hard work, he also spread the secret of getting money and the theory of getting rich successfully to the public.
So first of all, we should have a correct view of money: money is beautiful, it can improve our lives and help others achieve their goals. Only in this way will you be willing to make a plan to make money, make money work for you, make money work for you, go all out to practice, and finally get financial freedom.
Although having debt can make us happy in a short time, in the long run, it is equivalent to a cancer on us, which will slowly erode our bone marrow and lead us into financial crisis.
So when we consume, we only buy necessities (such as life-sustaining rice, sports shoes and so on). ), not what we want (such as big cars, furniture, etc. ), and be sure to limit the maximum monthly expenditure and minimum income.
Secondly, half of the income should be used to pay off debts and the other half should be used for compulsory savings. Only in this way can we continuously reduce debts and turn money into a virtuous circle.
We know that we can't get rich just by saving and bank interest. Einstein told us that compound interest is the eighth wonder in the world, revealing the secret of the rapid growth of wealth.
The formula of compound interest is f = p * (1+I) n, which involves three factors: investment principal (p), investment time (n) and interest rate (I).
The size of the principal depends on our capital preservation ability. You can increase your income (become an industry expert to improve your ability, focus on high-income projects, and expand your popularity. ) and reduce our expenses (no debt, just buy necessities). We need to invest time as early as possible; High interest rates require us to be the right investors: investing in real estate and starting companies. Of course, this also requires us to have the ability to identify assets and manage companies.
As the saying goes, if you don't manage your money, money will ignore you. Especially in modern society, due to the development of the Internet, various loans emerge one after another. If you are not careful, you will be deceived into the trap, which will eventually lead to both human and financial resources.
Therefore, in terms of money, we must cultivate a pair of discerning eyes and have a steady vision to deal with this unpredictable world. The most important thing is to have a correct understanding of money and financial management, and then use the correct concept to guide your behavior, in order to obtain the same financial freedom as him.
From today, let's stop being slaves of money, let money work for us, and let's achieve our first100000 in seven years. Are you ready?