Economics

• We often forget that continuing along the path we have walked so far also carries risks. This path gives us a sense of familiarity, but it doesn’t make us safer. • Life is a competition. Those who don’t take risks cannot achieve success. • On this planet, there is no “guaranteed victory,” only “opportunity.” • Take action immediately! Because you can never be perfectly prepared for success. • The only person in the world who never makes a mistake is the one who never does anything. (Theodore Roosevelt) • The pain brought by uncertainty is much stronger than the pain of certainty. • Every action plan carries risks and requires a cost. But compared to the comfort of doing nothing, their long-term risks and costs are much smaller. (John Fitzgerald Kennedy) • If you are afraid of losing, you will never gain. • Go take risks, you can’t fall from the ground.

Energy tips build self-confidence by keeping a success diary every day. Our self-confidence determines whether we dare to take risks. Without taking risks, growth is impossible. Overall, our thoughts, the education we receive, and the environment around us are not conducive to cultivating our self-confidence. A healthy self-assessment means confidence. Keeping a success diary makes you aware of how excellent you are. When writing a diary, you learn to focus on your strengths. After some time, you will start to discover your strengths and think: I can write this into my success diary. Our expectations determine what we will achieve. Our self-confidence again determines our expectations. +++

Most people tend to shift the blame. When people don’t want to take responsibility, we always hear them use these 3 reasons to evade responsibility: “It’s the genes’ fault.” “It’s the parents’ fault.” “It’s the objective environment’s fault.”

Build your career upon your greatest passion. Use your hobby to make money. Take the time to analyze what you are truly interested in and where your talents lie, and only then can you pursue a job that you are both passionate about and can earn money from.

1 ．Save a certain proportion of money. 2 ．Use savings funds for investment. 3 ．Increase one’s own income. 4 ．Save a certain proportion from each salary increase.

Our values and goals must align. Optimism allows you to see the positive side of things, while confidence gives you the assurance to overcome the negative side of things. Confidence refers to the state where a person, based on their own experiences, knows they can rely on themselves when facing challenges. To own a money-making machine, rather than spending one’s entire life being a money-making machine.

Why do some people insist that Zhang Guorong’s old records should be twice as expensive as Cai Yilin’s, but fail to say whether it should be 10 yuan or 1 mao?

I’ve figured out how to allocate my money. I’m going to dedicate 50% of my income to my ‘goose’, put 40% into my dream savings fund, and use the remaining 10% for spending.

“There are many reasons,” the old lady explained to me. “First, because sometimes I like to hold these things in my hands and appreciate them. I really like gold and banknotes.” I looked at her with slight disagreement, thinking that liking money in this way—I wonder if it’s normal—and yet she admitted it so frankly… But then I immediately recalled the scene that day, when Marcel and I looked at the things in the box and counted them one by one. How delightful it was when we touched each gold bar! Shouldn’t an old lady enjoy the same sense of happiness when opening the box? Besides, all these things belong to her. Mrs. Tao continued, “Second, this money is kept for emergencies. No matter what happens, the things I put in the box are enough for me to spend for several years.” “That might be too much!” I said with a laugh. “That depends on how much money you own in total,” Mrs. Tao explained, “If you keep cash at home that exceeds 10% of your total assets, it’s meaningless.” I whistled softly. This old lady must be very wealthy. “Third, I have invested a large portion of the money in stocks, which involves a certain risk. Therefore, it is wise to keep a portion of the money on hand. I will explain this point to you again when we have the chance.”

To live a happier and more satisfying life, one must change oneself. This has nothing to do with money; money itself neither makes one happy nor brings unhappiness. Money is neutral, neither good nor bad. Only when money belongs to a person will it exert a positive or negative influence on them. Money can be used for good purposes, or it can be used for bad purposes. A happy person will be happier when they have money; conversely, a pessimistic or anxious person will have more worries the more money they possess.

“You only incur a loss when you sell the stocks. If you keep these shares, someone might be willing to pay more for them in the future.” “So, during this time, I won’t get anything?” I wanted to know everything. “No, during this period, you participate in all the dividends.” The old lady immediately put my concerns to rest. “Whenever the company makes a profit, it distributes the profit to all the shareholders. This is called dividends.” “Meaning, Marcel has to regularly set aside a portion of his income and give it to us?” Monica asked excitedly. “The company calculates its profit once a year, and then decides what to do with that money. For example, it can use a portion of the money to buy new equipment, which makes the company run better, and the remaining portion is distributed to all the shareholders.”

When the stock market first plummeted, my reaction was exactly the same as yours. I hated myself for buying these stocks, and I was extremely worried that the market would continue to fall. At that time, newspapers were filled with pessimistic predictions, claiming it was the start of a global economic crisis—the eternal winter of the stock exchange.

Almost no profit

So you had better not invest too much. And if the market continues to fall, wouldn’t it be better if you still have funds available to buy in again?

No one knows; all experts attempting to predict future trends always make miscalculations, and there are many unexpected scenarios. For this reason, you should always keep some cash reserves. You absolutely cannot invest all your money in stocks or funds.

Mrs. Tao Mu, however, asked him how he planned to manage this money and how to make it continue growing. Our conclusion was: to invest in the same fund again. Thus, Marcel immediately realized that selling the fund now would be pointless.

This is the reason why you haven’t found an opportunity yet. People who don’t go looking for opportunities, at most, will just pick up a pie from the sky when they are lucky. You only need to go look for suitable opportunities, that’s enough. Focus on what he knows, what he can do, and what he possesses. But I am thinking that there is no nursing home around my house, and doing that is obviously unwise, especially since Qianqian has repeatedly reminded me how I should proceed.

First, at any time, you must not rely solely on one job. Its duration won’t be as long as you imagine, so you must immediately look for another alternative job. Second, you will definitely encounter some difficulties, difficulties that are hard for you to foresee right now. When that time comes, you will be able to see it.

Difficulties are constantly arising. Despite this, you still must consistently do things that are significant to your future every day. The time you spend on this won’t exceed 10 minutes, but it is those 10 minutes that will make everything different. Most people remain stagnant at the current level precisely because they haven’t dedicated these 10 minutes. They always expect the situation to change in their favor, but they overlook one thing: they must change themselves first.

When you decide to do something, you must complete it within 72 hours, otherwise, you will likely never do it again.