Economics

First, those who are in debt should destroy all their credit cards, because most people spend significantly more when using them than when using cash. The second piece of advice is to pay down each loan installment as little as possible. Most people fail to estimate how high their living expenses will be. When they need to purchase a new car or something in the house breaks down, they are forced to cover the costs by taking out another loan. Third, save half of the money not allocated to living expenses, and use the other half to repay the loan.

Debtors should put a note in their wallet that says, “Is this really necessary?” This way, when they stand at the checkout counter, they will remember not to spend too much.

The most important thing is that you genuinely have this desire, otherwise, you’ll give up the moment things get tough. I always tend to focus on the negative side of things, and I absolutely must change this habit.

Your level of confidence determines whether you believe in your abilities and whether you believe in yourself. If you fundamentally don’t believe you can do it, you simply won’t take action, and if you don’t start, you won’t achieve anything.

Many people often spend their entire lives thinking about things they don’t know, can’t do, or don’t have. First, solving someone else’s problem for them can earn you a lot of money; second, focus your energy on what you know, can do, and have.

Gia, opportunities abound everywhere, but you can only see them when you seek for them. Only when you have a strong desire in your heart will you go in search of opportunities. And when you imagine, the strong desire arises.

You must imagine that you already possess these things, so that your small wish will transform into a strong desire. The more you imagine, the stronger your wish becomes, and the more you yearn for it, and then you will start seeking opportunities to realize your dreams. Those who do not seek opportunities will, at most, stumble upon a windfall when luck strikes.

Money has certain secrets and patterns. The prerequisite for understanding these secrets and patterns is that you must genuinely desire them yourself. If you only approach it with a “let’s try it” mindset, you will ultimately end in failure and achieve nothing. “Trying” is just an excuse; before you even do it, you have already prepared your escape route. If you cannot test it, you only have two choices: do it or don’t do it. The most critical factor in whether you can earn money is not whether you have a good idea. How smart you are is not the main reason; the deciding factor is your level of confidence. You must first clarify where your interests lie, and then consider how to earn money through them. You must do something every day that is profoundly significant to your future. The time you spend on this will not exceed 10 minutes, but those 10 minutes will make all the difference. Those who are in debt should cancel all their credit cards. You should repay loans as much as possible. You should save half of the money that isn’t used for living, and use the other half to pay down debt. It is best not to apply for consumer loans at all. Before borrowing money each time, ask yourself: “Is this truly necessary?” When you set a big goal, it means you must put in far more effort than others. Poverty makes people more unhappy. If I don’t have my “goose,” I always have to work just to earn money. But once I have a “goose,” my “money will work for me automatically.” Luck is actually just the result of thorough preparation combined with hard work. Money only stays with those who put in the effort for it. People who acquire unjust wealth through illegal means often feel worse off than when they had no money at all. Fear always appears when we imagine how things might go wrong. The more we think about the possibility of failure, the more afraid we become. But when you think toward positive goals, you won’t feel fear. Whenever winter passes, spring comes, followed by summer; after every summer comes autumn, and then winter again, year after year. Just like the changes in nature, the stock exchange always experiences the changing of seasons, cycling back and forth. If you don’t do this thing today, you will never know what you are capable of writing after putting some pressure on yourself. The things a person feels most proud of are the ones that were the most difficult to achieve.

Soon, I was 12. Everything was still the same; we still didn’t go on vacation by the sea. Mom and Dad kept saying that the business was affected by the “economic recession.” What they meant was that the domestic economic situation was the root cause of their financial problems. But I had a question: why, under the same economic situation, are my friend Monica’s parents’ finances getting better and better?

If you approach things with a tentative mindset, you will ultimately end in failure, achieving nothing. Trying is purely an excuse; before you even do it, you have already prepared an escape route for yourself. If you can’t test, you only have two choices—do or don’t do. Too many people hesitate when taking action because they feel they haven’t completely understood something. But actually putting it into practice is much smarter than pure thinking.

You can imagine your life as a large mail-order company. If you write to a mail-order company saying, “Please send me some good things,” you definitely won’t receive anything. Our desires are the same. We must know exactly what we truly desire.

1. People Should Seek Wealth, Not Money or Status People should not earn wealth through arduous labor. Working 80 hours a week in a restaurant will not make you richer. Hard work is unavoidable, but it should be done in the right way. People should seek wealth, not money or status. If you believe wealth is unimportant, wealth will move away from you. Wealth is assets that continue to make money even while you sleep. Without wealth assets, when you sleep, you have no income; when you retire, you cannot keep earning. In short, without wealth, you cannot achieve non-linear earning. Generally, wealth is created by starting your own company or by investing. Neither of these is achieved merely by putting in a large amount of time; the wealthy also only have 24 hours a day, just like you. ...

What? Does money also have different tiers? Is the money of the wealthy more valuable than the money of ordinary people? Why is that? Is it because the wealthy spend money better than ordinary people? Or is it because they have some special investment strategy? In this article, we will explore the differences between the money of the wealthy and ordinary people, and provide some practical suggestions to help ordinary people achieve wealth growth. ...