Friday, December 17, 2021

Just work hard, time can tell

01

Many people may have had this question before. Two people started at the same time and as time went by, the result was very different. Why does this happen? Some people say that it is because people use time differently. Some people are willing to spend time dwelling in a certain field, while others are wasting their time. The result that time gives us is the most accurate.

The kind of life you live depends on how you spend your time.

I once met a young mother. After years of study, she got a bachelor degree and obtained several vocational qualification certificates. She joined a MNC later. The other mothers in the community were both envious and puzzled, "Where did she have so much time to study?" She was racing against time to read, working hard while bringing the baby up.

So you see, time never favors anyone. Everyone has 24 hours a day. But what widens the gap between people is the attitude towards time.

If you waste time, time will ignore you; if you value time, time will treat you well. You treasure time and became a better version of yourself. This is the best result that time can give you.

02

In fact, no matter which industry you are in, attitude and ability are very important. There are no shortcuts behind "excellent". Only through time can we obtain glorious results.

Time is fair. When you consume time, time silently abandons you. Every step you take and every second you waste will be very obvious.

03

Time is the fairest thing in the world, and it is also something that can't be returned. Time is also a kind of power. How you spend time, you will get what you get.

For example, if you want to learn a new language, you will spend time practicing it frequently. The more you practice, the better you will be. When you can talk to others in a foreign language, you will have a strong sense of accomplishment. This kind of positive feedback will increase your self-confidence. People will become more confident and will be more active in doing other things. This is a chain reaction.

Time has such a magical power.

So, just work hard, time can tell.


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Ten years later, will you thank yourself today?

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Friday, December 10, 2021

Ten years later, will you thank yourself today?

 

01

Ten years ago, my colleague Alice was preparing for the postgraduate entrance examination. At that time, she was financially tight and did not dare to resign, so she could only prepare for exams while working.

Everyone who has experienced it knows that this is a VERY tiring thing. I vaguely remember her schedule at the time: wake up at five and read until seven; go to work; read from seven to ten in the evening at the nearby library.

In my impression, she is thin and small, always carrying a big bag that is disproportionate to her body. She walks like a wind and eats very fast. It is often when we just start to eat, she has already finished eating.

Eventually, she was accepted by the university, opening a new chapter of her life.

I met up with her a few days ago. We were reminiscing our past as we had not been meeting up for the past few years. Alice said that the exam preparation year was the hardest time in her life. She didn't go shopping or put on makeup. Social and entertainment activities were basically eliminated. Breakfast was bread and lunch was in the canteen. Even going out for a dinner was a luxury. She was very uncertain about her future, she won’t know what she will do if she failed the exam. Fortunately, her wish was fulfilled. Now that she think about it, she is very lucky. If she can go back to the past, she will really want to hug the "poor" girl ten years ago, thank her for her persistence in her efforts and not giving up.

02

Perhaps many people have had such tough period in their lives. They are extremely tired, confused, and almost want to give up, but if they manage to hold on, success may come.

I went to an office building yesterday. While I was waiting for the elevator, a girl hurried over, devouring a hamburger and at the same time, holding a large stack of documents in her hand.

When she entered the lift, the documents in her hand were scattered all over the place because of her urgency. I helped her pick it up and saw that there was also a workbook related to the judicial examination in a pile of materials. She looks like Alice from ten years ago.

"It's hard work, right?" I said. She gave a wry smile.

I watched her walk out of the lift, and deep in my heart I think, it's worth it. Ten years later, you will definitely be grateful to who you are today.

03

Everyone may have this or that plan in their minds, what kind of life they want to live, and what kind of person they want to be. However, the process of realizing a dream is never easy. You have to defeat confusion, grievance, laziness, and weakness.

And if you can hold on a little longer when you want to give up, and hold on for a little longer when you want to escape, tomorrow you will have another reason to thank yourself today.

When you weigh yourself every morning, you will thank yourself for resisting the temptation of ice cream yesterday and insisting on exercising for a while; when you win the recognition of colleagues and customers, you will thank yourself for uninstalling the game software yesterday and making the planning seamless. When discussing cooperation with foreign customers, you will thank yourself who wakes up early to learn new languages; when you get promoted and get a pay raise, you will thank yourself who are self-disciplined, hardworking and not lazy...


Thank you for not admitting defeat, thank you for not giving up, and thank you for working so hard to attain a better version of yourself.

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Friday, December 3, 2021

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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The eight golden periods of financial management in life, have you missed them?

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