Notes

You should to know the problem exactly.

There is a difference between (A) what an MBA does to help you prove your abilities to others . (B) what getting an MBA actually does to improve your abilities. They are two different things.

Make something people want . . . There’s nothing more valuable than an unmet need that is just becoming fixable. If you find something broken that you can fix for a lot of people, you’ve found a gold mine.

It’s not really about hard work. You can work in a restaurant eighty hours a week, and you’re not going to get rich. Getting rich is about knowing what to do, who to do it with, and when to do it. It is much more about understanding than purely hard work. Yes, hard work matters, and you can’t skimp on it. But it has to be directed in the right way.

I absolutely cannot let people think I am stingy. So, I often invite friends to restaurants; I also need a luxury car to showcase my status; furthermore, I must pay some other expenses—taxes. Finally, I have to turn to this great invention: the credit card. With a credit card, I don’t have to pay myself; the people at the credit card company will pay for me, at least temporarily… After that, I hear someone say, “He is a winner in life; he is living a first-class life.” I was living a first-class life: not drinking sparkling wine—only champagne; not eating steak—only prime tenderloin. I wanted to live like a rich person in a futuristic world. And soon, the past began to constantly bother me in the form of bills, collection letters, and high loan interest rates. As a high-performing, high-income salesperson, I was always able to get a new credit card. So, I started making alternating payments, meaning I would get a new credit card and then use the new card to pay off the bill of the old credit card. Just like that, I spiraled into a downward financial state.

The harder you work, the greater the chance your boss has of upgrading to luxury cars and mansions. Your income today is the result of the decisions you made yesterday. If you don’t understand this, you can’t say, “Now I want to make a different choice.”

First, we must clarify an important principle: You must never “kill your goose.” You also cannot fragment it. You must absolutely never touch your principal. All your dreams can be fulfilled using the golden eggs. This also means that your golden eggs must be large enough to support your dreams. For example, let’s say you want to buy a house. If you have already achieved financial freedom, you can undoubtedly use your assets for the payment. However, doing so will cause your assets to diminish, which is naturally what you do not want. Therefore, you should opt for installment payments when acquiring all major items, because your monthly interest will be completely sufficient to cover the cost.

Achieving financial security requires that the most important standard—the accessibility of money—is met. You must have daily access to funds. Therefore, it is best to keep your money in a safe or invest it in a cash fund. You should not take any risks until you achieve financial security. Consequently, you should choose low-risk investment projects. However, even so, you must pay attention to managing potential risks. Never put all your money into a single investment project, even if “all your funds” only total 1,000 Euros. Remember, managing risk means increasing the opportunity for profit. Before achieving financial security, keep financial safety at the center of your focus. You should tolerate a low profit rate and keep some cash in a bank savings account. If you still want to invest, I recommend a deposit plan. ...

•“ In the future, I will also be satisfied with everything I have now.” •“ If I can give it my all, I will become the best.” Behind these two sentences, there is usually hidden self-deception, fear, and a lack of self-worth.

Define what you want, and compile a dream album related to it: • Create an album and paste pictures of things that will become part of your future life. • Think about what you want to do, what you want to own, and what kind of person you want to be. • Please select pictures that can inspire you. • Flip through your dream album as frequently as possible. • Afterward, close your eyes for a while and imagine what you can see, hear, feel, smell, and taste if everything comes true.

Components of good luck: • Accumulate capital; • Identify opportunities; • Make decisive decisions and take action.

• 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.

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.

everyone has these unfounded fears, and they’re normal. Don’t let them hold you back from pursuing what’s important to you. Businesses are created, operated, and improved by ordinary people just like you; there’s no magic or secret knowledge involved. All you need to do is learn a few simple concepts that will change the way you think about how businesses work and allow you to identify promising opportunities.

This isn’t rocket science—we’ve chosen one of the world’s most simple professions.

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?

The Foundation of Wealth Building Financial freedom is a goal that anyone today can achieve, of course, provided we have the courage to pursue the life we truly desire. As a famous saying goes: “It is not the difficulty that makes us give up, but rather that we give up, which makes it seem so difficult.” If we keep the laws of money in mind, we will find that our financial situation is steadily improving. Nothing can stop a mindset that aligns with the times. This applies to everyone’s life. Nothing can prevent us from enjoying the right we are born with—prosperity. A life of dignity and financial ease aligns with our natural laws. As long as we don’t give up, nothing can prevent us from reaching this goal. ...