What do the wealthy people teach you? Part 2

What do the wealthy people teach you? Part 2

6. People who are rich and well-founded actually benefit from the accumulation of the previous generations.

The more money you have, the more you pay attention to education. Use money to get more resources for improvement to have an even better life.

You know, no one will simply die of poverty. Many people go to the end only because they lack knowledge, and this is the most deadly, because ignorance will bind you and drag you into the abyss slowly.

7. Rich people often lie to others, but never lie to themselves.

The characteristic of the rich is that they can deceive. They will deceive people in order to create value, boost morale, and achieve benefits.

Some very powerful people can even send you a wrong message without telling a lie, and you can never see any flaws at all.

However, they have a harsh judgment about their true situation, and they will never be immersed in the beautiful fantasy that they describe. This is completely opposite to the poor.

8. It is difficult for the poor to become true friends with the rich.

Because of the differences in opinions, and lifestyles of the two people are very huge.

Take the level of consumption as an example. The consumption of the wealthy will always increase. If both parties eat or go shopping together, it will be unpleasant for both.

The rich must lower their desires, but the poor only want to meet the minimum requirements. People of different classes have different things every day, and there are very few common topics.

9. People who can boast seem to be more valuable.

To give a very simple example, if there are 2 applications for the job, one of them requests a monthly salary of 5K, and the other requests a monthly salary of 10K. Most people will think that a person with a monthly salary of 10K will be more capable. .

Of course, it is not for you to overvalue yourself. What I want to express is: increase the price appropriately based on your own ability.

For example: if you only have a value of 2K, but you ask for a price of 10K, you will be thrown out by HR.

Therefore, young people must learn more skills, these skills not only provide you with the confidence to speak up, but also become your ‘weapons’ in the future.

10. The lesser the obligations you have, the more victorious you can be

Why? Because you are bold and have the courage to have a go at it.

You can imagine when you have old parents, young kids, a mortgage, or a car loan to take care of; will you be brave enough to use up your savings to invest? Or will you find a stable job and live the rest of your life taking the safer approach?

Therefore, if you want to put up a good fight, you must hurry up when your parents are not old and your children don’t need much support, 25 to 35 years old, a golden ten years.

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What do the wealthy people teach you? Part 1

What do the wealthy people teach you? Part 1

 What do the wealthy people teach you? Part 1

1. Stay away from the ‘poor’ education your parents give you.

After interacting with a few young people who have achieved a "class transition", the biggest experience I have got is, if you were born in a family with very poor economic conditions, the key advice your parents gave you must be wrong.

You can learn their ways of doing things, you can also learn from their maturity, but don't rely fully on their economic teachings. And if you think about it, if they can give the right advice and make the right choices on these things, they won't have to spend their entire lives being poor.

It's not that they don't love you, but they can't teach you how to get out of poverty.

2. Confidence, style, temperament, talent, these qualities that seem to have nothing to do with money, are actually accumulated with money.

When you pay close attention to the young but talented, confident, and arrogant people around you, they must have grown up in a privileged environment since childhood, and their parents are by no means destitute, or the norm citizens.

3. Poverty makes a person timid, afraid to try, afraid to invest, and even cautious about interacting with others.

Only when you are not entrapped by money you can really make the right choice.

4. Money exchanged for health is destined not to bring happiness.

Now that most people have a small amount of money in their hands, various physical problems begin to appear, especially some young people, who have left various irreversible injuries to their bodies at a young age.

The tens of thousands of dollars in exchange for staying up late and working overtime will not let you reach the peak of life, but will make you suffer endless torture in the later part of a long life. By the way, some experts pointed out: 60% of people will use 60% of their life savings for the last 28 days of life.

Regardless of whether this number is accurate or not, it is not worth to exchange health for money. It is necessary to balance health and money. Only in this way can we develop in the long run.

5. Masters are generally good at selling.

When you visit shopping malls often, you will find that the bestselling products are not necessarily the best quality, but they must be the best marketed.

Mobile phones, wine, and clothes are all the same. The ones with high sales and profit are not the best ones; they just sell like hot cake.

Therefore, whether it is a person or a product, you must learn to promote it. No matter how good things are, if it is not well marketed, it is equivalent to a waste product.

 

Stay Tune for Part 2

 

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Best Investment that you can have

Best Investment that you can have

01

What is the best investment in life? A good answer is: invest in yourself.

No one can take away what is in you and investing in yourself will keep you motivated throughout your lifetime.

One is to invest in your own health.

Life is like a marathon. There will be pit stops along the way for us to recharge to carry on with the race and in order to continue the race, we will need healthy bodies. Long-term exercise and staying healthy not only make people full of vitality, but also strengthen their mental state and to face the all the difficulties and struggles in life.

The more effort you put into health today, the higher your happiness index will be tomorrow. A healthy body involves many hours of sweaty workouts in the gym; delicate and smooth skin is inseparable from a long-term self-disciplined lifestyle.

The greatest success in life is to live healthily. Your investment in your own health is your best weapon against time.

02

The second is to invest in your own capabilities.

The society is constantly evolving, and being content with the status quo is bound to stagnate. Only by running hard can we go further and further. There is a saying: "The meaning of growth lies in increasing life experience, enriching life experience, constantly being aware of introspection, and infinitely approaching maturity." In the past, we have walked a lot and have rich experience; in the future, we will continue to increase our experience. , Increase your own knowledge.

If you learn one more skill, you will have one more choice in your life. Keep learning and improve yourself is a compulsory course for every adult.

Whether it is reading a few books, obtaining new knowledge, or learning a new skill, gaining a new experience, it is all about widening the boundaries of life and enriching one's life.

03

The third is to invest in your own family.

I once saw a video. A man has a successful career, but his life is not comforting: when it is late at night, he is busy socializing with customers, leaving his wife alone at home; on weekends, he is busy making up for sleep, ignoring his children; even during meals, he was still busy with the company's business and had no time to talk with his parents.

The most regrettable thing in life is nothing more than putting a lot of energy and patience working hard outside and having no warmth from family after work. After all, family members are people who live under the same roof, sharing all your joy and sorrows. The journey of life will never be the pursuit of wealth only, and the warm and precious memories that can't be found if you miss it.

 

Wealth has a price, happiness is priceless. The happiest state in this life is nothing more than accompanying and chit chatting with my family.

Life is a process of continuous investment. You will reap where you pay. The greatest generosity for the future is to dedicate everything to the present. Only by sparing no effort to invest in yourself can you see returns in the future. I hope you will be full of energy, with a progressive career, and a warm family for the rest of your life.

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Should you work for your relative?

Should you work for your relative?

Why do you often hear people say that no matter how poor you are, you should not go to work with relatives?

The most fundamental reason is that he thinks he is helping you, and you think you are helping him.

I heard this story from my friend. He graduated from university when he was 24, and there was once his uncle went to pay a visit to his house. He noted that my friend was graduating soon so he wanted my friend to be responsible for marketing role in his company.

The situation at that time was that, based on his academic qualifications and abilities, he should be able to find salary of 3k a month. Finding a job will not be difficult at all, but since his uncle initiated it, with a monthly salary of two thousand five thousand. He decided to accept the job.

He also believed that his uncle would not treat him badly, so he agreed and went to work in this uncle's company. His salary remained stagnant during his tenure of 1.5 Years with no bonuses. He decided to talk to his uncle about increment of his salary based on his demonstrated ability and performance. However, the talk did not go well and our relationship became sour.

His uncle was not willing to give him any bonus, only willing to raise his salary to 4k. His uncle said that he provided a very good platform for him to learn since he was a fresh graduate at that time. You see, his uncle thought he helped my friend, and my friend thought he was helping his uncle, so there is really no need to work for relatives. There are vast opportunities out in the market.

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7 tips for saving money

 7 tips for saving money

I have seen many people discussing whether the money is earned or saved? Personally, I think that making money and saving money are indispensable, so that you can earn money and save money to accumulate wealth faster.

So today I will talk about money saving tips, so that everyone can save money more easily and faster.

1. Keep track on your expenses for a month to understand yourself first

Many people think that accounting is troublesome and cumbersome, and it is useless. It is just money spent, so they don't bother to keep it.

In fact, you may wish to consciously record a month first, so that you can find out your consumption situation and tackle it accurately.

Look at how much you need to spend in a month through accounting, which are necessary expenditures, and which are non-essential expenditures, find out these non-essential expenditures, and reduce on this type of consumption.

2. Make a good budget

After you understand your consumption situation, you can set your monthly budget so that it is not overspent.

For example, if you have a budget of 1k, then put the money in a convenient and flexible account. Every time you want to buy something, you pay from it.

Of course, the biggest advantage of doing this is that every time you spend money, you can clearly know how much money you have left to spend this month, and you won't spend it lavishly.

3. Spend less time on shopping app , supermarkets and shopping malls

When I have nothing to do, I will tend to use shopping apps. When I see something, I can’t help but want to buy it. So if you want to save money, the most important thing is to stay away from temptation. If you don’t see those things, you will have less desire to buy.

4. Don't buy things you don't need even there are discounts

In order to attract customers to spend more, some shops will set up activities such as discounts.

At this time, you have to be rational, and you can’t buy unnecessary things for the sake of discounts, otherwise you will not only not enjoy the discounts, but also spend more money.

5. Learn minimalism

In many cases, we feel that the more things we have, the stronger our sense of happiness. But in fact, think about the clothes in your cabinet, but you can't find the clothes you like. Every time you have to tidy up the clothes for a long time, is it very tired and annoying?

Let’s think about it. If you only have a few but fine clothes, you could just take out one that you like, and wear it, then your mood will be different immediately.

When you open my wardrobe, it will all be your beloved things. Isn’t it cool to think about it?

So you might as well learn to let go and let go of your obsession with things.

Before buying something, ask yourself three questions: "Do I really need this item?" "Does this item meet my spending power?" "Do I really like this item?"

6. Make a shopping list

Do you also have such a situation: strolling aimlessly at the supermarket, seeing this and wanting to buy, seeing that there is a discount, and buying it, after a round of shopping, the shopping cart is full, and the money is spent?

In fact, you might as well make a shopping list, follow the items on the shopping list to buy, go straight to the relevant product area as soon as you arrive at the supermarket, and leave as soon as you buy it, so as to reduce the shopping impulse to a certain extent.

7. On your payday, immediately store 10% of the salary

Save first, spend later, deposit money in a regular or fixed investment account, and stop thinking about spending money. This method of compulsory savings actually works well.

The above are some tips for saving money. Isn't it practical? If you think it is, you might as well act now.

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30 years old: three problems you have to face

30 years old: three problems you have to face 

The first question is the question of family and responsibilities. Don't think that you are still young. Don't think that some problems are still much distanced from you. There are some problems, whether you are willing to face them or not, you must take on the responsibilities that match your age. Most people, at this age, have to think about family issues. If you have already married and established a business, you must be soberly aware: How should your career develop in order to ensure that you can support the burden of your entire family? This includes not only your lover, but also your children and parents.

At this stage, your pressure has increased exponentially, but if your growth in the workplace cannot be doubled, or even going backwards in some form, Then, your future career development will face more pressure. And this kind of pressure, more often, will make you have no spare energy to seek better development. Many people often have a big worry when they change jobs: if I quit, my income is not as high as it is now, will I easily move again in my current job? To put it more politely: Do I dare to move again easily? Do I still have the guts and courage? So, if you want to take action, try your best to move forward as soon as possible before you have the burden of family.

 

The second problem is the matching degree of ability and age. Why do many companies clearly stipulate similar work experience requirements such as 5 years of experience, 10 years of experience, etc. when recruiting talents? Because working time means the level of ability that matches it. For the same job, the abilities accumulated by 5 years of experience and 10 years of experience are not the same, and the responsibilities that can be undertaken are also different. The longer your working years, the stronger your ability.

One of the more difficult situations is the mismatch of ability and age. Many people who have worked for 3 or 5 years, or even those who have worked for a year, are not much different in terms of ability, so when their careers want to make a breakthrough, they will encounter a lot of resistance. There are two reasons for this situation: one is frequent job-hopping, there is no accumulation of experience; the other is that although accumulating experience, only the first year is growth, and the remaining few years They are all doing repetitive work and no growth. Therefore, for those 30-year-old friends, from now on, you must carefully examine a question: from graduation to now, how many years have you worked? Do the abilities you have match your age? If it does not match, then you must establish a sense of crisis as soon as possible and run forward to fill the gap.

 

The third problem is the organisation and structure knowledge. As one progresses in the corporate ladder, one cannot be stuck only having knowledge at operational level but also how the management level thinks and solve issues. In the workplace, people at different job levels do different things, and their vision and thinking patterns are also different. A most basic salesman thinks about how to maintain his sales quota. This is a tactical thing and his responsibility; but if a marketing director is in the role, he still thinks like a salesman. , that is his negligence. The operation of every enterprise is composed of strategy and tactics. Big strategies will be subdivided into small strategies, and small strategies will be subdivided into execution tactics one by one, which will be implemented by grassroots personnel. People at different levels are responsible for work at different heights and perform their duties. This is also the meaning of teamwork. Similarly, people at different levels have different knowledge structures. The higher the level, the higher your perspective and thinking on the problem, and the higher the level of your overall knowledge structure.

 

In addition, from the perspective of communication, the higher your position, the closer you are to the boss, and the more opportunities you have to contact the top leaders of the company. If your level of thinking is inconsistent with the bosses, then your ability cannot be recognized. In this situation, your chances of getting promoted are slim, and your career will stop there.

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Should you lend people money or not?

 

01

At the beginning of this year, my friend Chris and his wife had been quarrelling over this issue of lending money. Chris had agreed to lend money to his relative in order to have a wedding banquet.

Chris is straightforward guy and is honest with others. But in the eyes of his wife, Chris is too nice and she is worried that he is being deceived by others.

1. Chris’ relative borrowed 15k on the grounds of decorating the house end of last year and I heard that his relative have not repaid him the full sum yet.

2. When Chris bought a house, he wanted to borrow money from these relatives at the beginning, but he was rejected straight in the face, and this time his relative wanted to borrow money which Chris agreed to lend.

 

02

In my humble opinion, to borrow or lend money, in addition to the emotional considerations, we should also rationally examine the three borrowing principles:

1. Borrowing money, liken to investing, requires background checks

From Chris’ experience, he cannot bear to reject others, so he has to suffer himself.

To lend someone money, you must first know the ‘credit score ‘of the other party. If you are close enough with the potential borrower, you will definitely know the lifestyle, character and the purpose of borrowing money; you will probably know whether you can lend or not. Remember: the money is yours, not others! There is nothing wrong with not lending! So don't feel bad about not lending. If you need to refuse, you must refuse.

If you refuse to lend him money, you may lose this friendship; but if you lend him money, you may lose the friendship + money.

No matter what, the "friend" who always thinks about borrowing money from you is no longer a real friend, so it's even more understandable not to lend.

2. Agree on terms and abide to them

Borrowing money from anyone will incur interests. If the borrower can initiate the interest rate based on the borrowed sum that will reduce the awkwardness between them next time.

3. The bottom line of borrowing money

No matter what is the reason for borrowing money, it is nothing more than to win the understanding and sympathy of the borrower. If the borrower is ill or has no income for a period of time and other reasonable reasons, can consider his character and lend some money appropriately.

We can abide by the principle of "saving the emergency, not the poor".

What is the secret of maintaining friendship between friends? Don't lend money! Don't try to borrow money, and don't agree to borrow money easily.

Instead of owing favours to borrow money, it is better to learn how to plan and manage money. It is better to get a bank loan if it is possible.

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Can you stop working now?

 

Even if you have a golden mountain or silver mountain, and there is no new source of wealth, wealth will be expended one fine day. As the saying goes: It is better to teach people how to fish than to give people fishes.  Most people work hard for financial independence, but in the end they find that they have been slogging for most of their lives but they are still running in cycles. To achieve financial independence, we must remember a few principles:

Income structure determines rich or poor

Most people earn income through 8 hours of work, so the essence of earning income is selling time.

Most people are thinking about how to increase the duration of paid work or increase the per hour rate. Most of their income comes from the salary they get from work every day.

No matter how much time a person can work in a day, it is also limited. Therefore, the way to increase income mainly depends on the per hour rate and whether it can be sold repeatedly. Most people will strive to become managers. This is because managers have greater responsibility and the greater the responsibility, the higher the return. So you can improve your leadership ability and make yourself a manager, so that the per hour rate will increase.

So, how can time be sold multiple times? For example, a well-known company gave a live broadcast class on career planning. The preliminary preparations plus the live broadcast time are about 40 hours, but there are more than 300 people watching the same live broadcast concurrently.

If a person wants to sell his share of time many times, he must have the ability to build products. You must be able to convert your knowledge, skills, and experience into products, and sell products to more people, so that you can sell them many times at once.

The importance of continuous income

Now there is an option of 10 million dollars and an option that can generate 10,000 dollars every day, which one would you choose? This is the same reason that teaching people to fish is better than giving people fishes. Suddenly owning a huge amount of wealth does give people a sense of satisfaction for a while, but no matter how much money you have and you don’t know how to use money to generate more money, it will be depleted eventually.

The definition of being rich is: when you do not go to work, or lose the job at hand, you can still live a life without worry for yourself and your family. This is because when the rich are not working, they will rely on stocks, funds, bonds, and even rents to provide them with income. This is continuous income.

During good times, people must think about how sustained income can be created.  For example, investment income, copyright incomes are all types of continuous income. However, we know that any unsustainable income is not worthy of envy, and it is even less worthwhile to work overtime and pursue it at the cost of health. In addition, the interest on savings alone is not enough to support your retirement.

Here is a small story for everyone. There used to be two mountains. One mountain lived Alan, and the other mountain lived Ben. There is no water on the mountain. Every day Alan and Ben have to go down to the mountain to fetch water, and the two quickly became good friends. One day, when Ben went to pick up water, he found that Alan didn't show up. He thought, maybe Alan was sick. The next day, Ben went to fetch water again, but Alan still didn't show up, Ben became worried and decided to visit Alan. After going up the mountain, he found that Alan was doing Tai Chi under the big tree. Ben was surprised and asked: "Alan, why didn't you pick water and still have water to drink?" Alan replied: "For the past 3 years, I have used my free time to dig well after picking water every day. Now I have dug a well and the water from the well is pouring continuously. From now on, I don’t have to go down the mountain to carry water anymore! I can also save a lot of time and do what I like.” Therefore, Alan no longer has to carry water. Ben still can't rest.

Choice is more important than effort.

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Can you stop working now?

Money management is only for the rich? 6 points of financial management knowledge that ordinary people should know to realize your financial dreams

Financial management is not exclusive to the rich, and ordinary people should also understand financial management. Is financial management really hard to learn? The answer is no, so here are some financial knowledge that ordinary people like you and me can understand.

Everyone desires to have more wealth. Wealth is very important. Everyone knows that, but when it comes to financial management, many people start to feel confused. Because many people think that financial management is complicated. There are many wealth management products, including stocks and bonds, funds, wealth management products, paper gold, foreign exchange, P2P...etc. These investment types seem complicated. Therefore, many people prefer to store their money in the bank because they think financial management is too complex.

But in fact financial management is neither difficult nor complicated, and ordinary people can understand it. For financial management, ordinary people only need to understand from two aspects, one is how to make a financial plan, and the other is how to invest.

In real life, many people misunderstand the concept of financial management. They think that financial management is investment. In fact, the starting point of financial management is not to invest, but to recognize what you are pursuing. You can understand from the following three aspects: First, why is money important? Second, what is your wealth goal? Third, what is your current debt?

01 Why is money important?

Money is needed everywhere in life, so money is very important. If you have enough wealth, you will become more free. Think about it now. If your wealth is enough for you to live freely, you don't have to work hard every day, what do you want to do most? travel? read? fitness? Take a blank sheet of paper and write down why you think money is important. You will find the most important things in your mind so that you will not be disturbed by other trivial matters. After you realize why money is important, you will move on to the second stage to set your financial goals. The future is always full of variables, so you only need to set a general goal.

02 Your wealth goal

Every country has a five-year plan and a ten-year plan, and each individuals should have too. They should have their own short-term, medium-term, and long-term plans. Just like when you plan a trip, you must know which attraction you want to go to. How long do you plan to spend on buying your favorite car, or changing to a new house, and how long will it take you to achieve financial freedom? Then calculate how much wealth you need to achieve these goals, how much money you need to become rich and free in your city, and write them on a piece of paper.

03 How much debt do you have?

Next is the third step: write down how much debt you have. Many people don't want to list their debts, because they feel embarrassed, and don't want to think about the mobile phones they bought in installments, the credit cards they owed, and the 30-year mortgage they took on. Learn to face it from now on, because only when you have a clear understanding of your financial situation can you better achieve your financial goals.

Here is a simple method. You take a piece of paper and draw a vertical line in the middle of the paper. List your assets on the left, such as deposits, investments, etc. List your debts, credit card debts, mortgages, car loans, etc on the right. The total assets on the left minus the total liabilities on the right is your total. Isn't it simple? Okay, after finishing the above content, let's take one more step and look at savings and spending..

04 Where does the money come from?

When you don't have additional income, saving money is the best way. If you want to save money, you must learn how to save money. There are always many places in your life where you can spend money. For example, you must pay your mortgage on time, change your phone frequently, and eat out at a nearby gourmet restaurant. So how can we save money in this area? The answer is simple, that is, continue to write a list of expenditures. After writing the list for a while, you will find that there are some things you don't need to buy. This will help you develop the habit of spending money on important things, while reducing your spending on unnecessary things. The amount of savings will increase, and deposits will naturally increase.

Save money early, no matter if you are in your twenties or thirties, and no matter what spending habits you have in the past, now you try to act immediately and start your savings plan. Don't wait until you had entered society for many years without any savings. Not to mention that you will need money during an emergency.

05 How to invest

The next step is to know how to invest. The entire investment activity probably contains three items. The first is to figure out whether you want to buy life insurance; second, you have to give priority to debt repayment; third, to understand the difference between investment and speculation.

When it comes to insurance, many people find it hard to face it, but as a rational investor, they must face problems. If your family depends on you financially, then you should have insurance.

Then, priority is given to paying off debts owed. Why did I say that? Because repayment of debt is also an investment, your debt requires interest. If your investment income is not as high as the interest on your debt, it is wise to repay the debt rationally. In addition, there are uncertainties in investment, so the best investment is to give priority to debt repayment.

06 A clear distinction between investment and speculation

There are millions of investors, and I don’t know how many have made money. But when it comes to financial management, many people still consider which stocks to recommend. Which industry is better these days? Many investors will hear some gossip from relatives, friends, colleagues, relatives of colleagues, etc. , Saying that a stock will go up several times, so they put all their money, even money borrowed from friends, into that stock. What happened in the end? I have not heard of how many people actually make a lot of money.

Why are many investors still unable to make money in a bull market? What is the problem? Why do investors still lose money when the market rises? The reason is that they confuse investment with speculation, and a little personal understanding of individual stocks is far from providing income protection.

We still need to know how to diversify investment risks. The classic philosophy of financial management is not to put all the eggs in one basket, in case there is a hole in the basket, all the eggs are gone.

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45.6 billion money game! What "Squid Game" teaches us … (spoilers alert)

01

It took me two days to finish watching the hottest Korean drama "Squid Game" in Netflix.

There are only 9 episodes, the whole series is relatively short, and it can be watched within a day. It started with 456 players participating in six rounds of the game for the 45.6 billion won prize, and through elimination, there was a sole winner.

The weaknesses of human nature were fully exposed, and the contrast between good and evil makes people dwell deeper, thinking about life depicted In those childhood games.

And in this drama, we see the cruelty of debts giving an important blow to life, making people risk their lives for the sake of money.

02

What financial enlightenment does this drama give us?

1. At any time, don't develop the psychology of gambling

In the first episode, the protagonist is described as a person who is idle, loves to gamble, and lives off his mother. Because he loves to gamble, he is into of debts. His mother also has to share his burden of debts and not only that, he also secretly takes her pension money to bet on horses.

In order to raise money for his mother to perform surgery, as well as giving his daughter a decent birthday gift, he went to participate in the game, trying to change his destiny.

The majority of those 456 people have taken on huge debts and are unable to pay off their debts. They have no hope, so they come to participate in the squid game. They don’t know that an "opportunity" like this is equivalent to entering ‘hell’.

Getting rich overnight is like a dream. However, it comes with high risk. if they don’t choose to play the games, they will be chased by loan sharks. If they choose to play games, they will use their lives as the bet.

“According to the Bank of Korea’s data, the total household debt in South Korea exceeded 1800 trillion won in the second quarter of this year, a record high in a single quarter, an increase of 41.2 trillion won from the end of the previous quarter. In addition, South Korea’s household debt accounted for The GDP ratio has reached 105%."

In reality, many people have the psychology of gambling and will want put their money in speculation. The real investment is to do a lot of background work, accumulating money bit by bit through careful analysis.

Do not have any gambler psychology. Just one failure is sufficient to destroy you and your family. Do not use high leverage to trap yourself in a situation where you will never recover.

03

2. Reasonable budget and spending, don’t let excessive consumption overtake your life

Most participants are burdened by loads of debts. If you want to stop having debt, first review  your own income and expenditure.

When spending exceeds expectations, you must adjust, reduce unnecessary spending in the future, try not to spend future money, use as much as you earn, and face your own financial situation objectively.

When you already have debts, don't let it roll. The first task is to solve the debts, and then consider investment or other goals.

04

3. Never underestimate compound interest, persistence is ultimate victory

At the end of the game, the protagonist won a prize of 45.6 billion won.  He is almost a person who can make money while not having the need to work and let money do the compounding work. But the practice of compounding interest is long and painful, and this process will take ten, twenty, or even thirty years. You can't experience the happiness like winning the lottery which is immediate.

The world’s richest man Buffett once said, “It’s easy to decide one thing, and it’s also easy to give up halfway. The only way is persistence.”

Investment is a game in which everyone can participate in, but in the end, only a few people make money.

Why? Most people were eliminated by the market ruthlessly because they couldn't stand the torment of time and emotions.

Many plots of "Squid Game" are derived from reality. You think you are just a movie viewer, but in fact, you are already in the real "Squid Game".

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