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.

Read Also:

Thoughts after 30 years old

Learning the psychology in financial management

Investment and financial management are actually a kind of psychology game. No matter what investment you make, you should understand the psychology in financial management. These psychological effects will have a great impact on our investment behavior.

#The Butterfly Effect

The butterfly effect in economics refers to the compounding impact of small changes. This effect shows that the development of everything is fixed and variable, and a small change can affect the overall situation.

Do not ignore any small aspect of the investment policy, it is likely to have a great correlation with your investment, it may also affect your economic trend, and even affect your investment income.

#Crocodile rule

Suppose a crocodile bites your foot. If you try to break free from your foot with your hand, the crocodile will bite your foot and hand at the same time. The more you struggle, the more you get bitten. Your only way to escape is to sacrifice that foot.

When you find that your investment has deviated from the direction of the market, you must stop the loss immediately, without any delay. If you decide to take a gamble, it is very likely that you will lose everything.

#Sheep effect

The phenomenon of the herd effect is that where the leader goes, the others follow.

In the investment field, this effect refers to the phenomenon of investors learning and imitating in the trading process. When everyone says that a certain stock will rise sharply, everyone will blindly buy a large amount of this stock that follows the trend. Similarly, in financial investment, we must also remember not to blindly follow the trend.

#Boiling Frog Syndrome

Put a frog in the boiling hot water, it will quickly jump out of the pot. If you put a frog in a pot of cold water and heat it slowly, the frog will adapt to the heat gradually.

When the water temperature reached the frog's limit, it was too late to jump out of the pot. We tend to ignore the slow and small dangers in investment and financial management.

This small danger that we ignore is the most terrifying.

If this happens in investment, we always pay attention to the direction of investment. If we can't see the future with it, we must be decisive when we cut the meat and stop the loss.

#Catfish effect

In the past, the survival rate of sardines during transportation was very low. Someone then discovered that if a catfish is placed together with the sardines, the survival rates will improved. What is the reason?

Because the catfish destroys the living environment of the sardines, the survival ability of the creatures themselves will be stimulated to the greatest extent, so the survival rate of the sardines will increase accordingly.

In fact, any investment is risky. We must not only learn financial management knowledge, but also exercise risk control, and be vigilant at all times!

#80/20 Rule

The 80/20 rule also known as the Pareto Principle states that for most of the outcomes, 80% of consequences come from 20% of the causes.

There is also the 80/20 rule in society. Wealth is concentrated in the hands of 20% of people, while 80% of people have a very small proportion of wealth. This is the 80/20 rule.

The same is true in the financial management market. Investment and financial management are not just about making a profit. In the financial management market, there is also the 80/20 rule. Wealth is basically in the hands of 20% of people who manage financial affairs wisely.

Don't analyze, deal with, and look at problems equally, but focus and prioritize on solving the main problems.

#Segal’s Law

The Segal’s Law means that when a person has a watch, he can know what time it is, but when he has two at the same time, he cannot be sure.

Two watches can't tell a person a more accurate time, but will make the person who reads the watch lose confidence in the accurate time.

The Segal’s Law gives us a very intuitive inspiration in terms of investment. Take stocks as an example: there are too many opinions from experts, and there are both ups and downs. If you listen to the opinions of experts, you will be at a loss.

Make a reasonable analysis according to your own wishes.

#Broken Window Theory

If the window of a house is broken and no one will repair it, other windows will be broken inexplicably after a short while as it promotes more crime and disorder;

Similarly, people are embarrassed to throw rubbish In a very clean place, but once there is rubbish on the ground, people will throw it away without hesitation, without feeling ashamed.

The same is true for investment; don't always think about making money from penny stocks, this is often not making money!

Read also:

The truth about shopping you didn’t know: buying expensive stuff is saving money

Listen: Podcast

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".

Warren Buffet's 10 classic Ideas

Warren Buffet's Time management

Listen: Podcast