Manage your finances as early as possible
As the saying goes: Get up early, and if the bird catches the worm, you must manage your money as early as possible! The compound interest effect, that is, the profit rolling, the wealth difference brought by it is amazing.
The earlier you manage your finances, the higher the benefits you will get
Successful investors know how to diversify their investments, which means that they don’t put all their eggs in one basket so that their losses can be minimized.
They will spread their money on various investment products, such as stocks, funds, ETFs, real estate, investment in start-ups, etc.
Moreover, they will spend a lot of time learning financial knowledge and understanding what to do and what to not do when investing.
Further reading: 21 ways to double income
Whether you are a freelancer / ordinary office worker / small business owner, you should plan the first time you get the money and know how to use it for financial management
The biggest difference between financial management and non-financial management is: early retirement (the rich) and late retirement (the poor)
The rich know very well that it is always difficult to get rich by working part-time. Only when starting a business can you have greater opportunities, but starting a business is not easy. Many people fail to start a business because they fail to allocate funds properly.
A good fund allocation can protect you and your family. By doing this, you will know how much money you can use to start a business without losing your net worth
It is basically divided into 3 parts:
1) One year's home expenses
2) Savings or stable funds
3) Excess spare money
This extra spare money can be used to start a business. If you make a profit, you can enjoy your life. If you lose it, it won’t affect your life immediately.
Learning to increase revenue and reduce expenditure is the key to financial management. When ordinary people make money, they usually think about spending, eating, drinking and having fun
Every time I earn money, I "give" it to others, and I never leave the money to myself. This is a very bad way of life.
So manage your finances as early as possible and set yourself a financial goal, which can motivate us to work hard
In our lives, many trivial things are caused by money. It is hard to live without money!
It is better to learn investment and financial management to increase wealth and improve happiness index. This is the wisest choice
Start your own business
Before you have any assets, the only way you can increase your wealth is to save some of the money from your income.
But just by working hard to increase wealth, I am afraid that when the body can no longer work, it will not make the first pot of gold.
The rich understand that while the body is still active, it is necessary to speed up the establishment of professional capabilities (high-income skills) and personal brand
Why should everyone have skills and build a personal brand?
Once you have mastered it, you don’t have to worry about not having money, because what you learn will not be taken away by others, it will follow you as a whole, and it will be useful no matter where you go.
When high-income skills earn you stable funds and your personal brand is launched, you can start a business boldly and make more money
To start a business on your own, I’m most afraid of being busy day and night, tired to death, and not making a lot of money
People have only one hand to do things, and things that can be done every day are limited, so in order to prevent this from happening all the time, we must learn to improve work efficiency
If you work hard without thinking about work efficiency, you will soon encounter a growth bottleneck, which means that the speed of making money becomes slower.
I think this is not what you want. . .
You need to know how to think regularly, make good use of the 80/20 rule, and do things with your strengths, in order to be ahead of others by a large margin, start a successful business early, and become a rich man
Think about it now and start your business plan~
Build contacts
People connection = money connection, this is
that every rich person knows clearly
The connections here are not asking you to meet people everywhere. Any dog or cat will make friends together, thinking that the more people you know, the wider your connections.
NO NO NO !!! Completely
It’s really not important to know who you know, what is important is that he knows you and recognizes you!
People = People who recognize you and can support you
The secret of the rich to get rich is often the word "personal connections". No matter how well things are done, no one will match you up, and you will not be able to succeed.
To put it simply, others only need to make a phone call and talk for 2 minutes to succeed, but you have to spend all your energy to have a chance of success.
The rich get the goodwill of others by mobilizing the atmosphere or keeping listening, and at the same time collect information about the other party through conversation, such as judging the other party’s character and ability, etc.
Therefore, a person’s personal connections often determine how much money he can make and what kind of person he can become
Even if you are poor now, don’t ignore the importance of contacts, because it is the key to changing your poor life
Networks need to be managed, stored and value-added. When they accumulate to a certain level, wealth is like water in a ditch.
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