Reading experience｜My common people raising money

Eating a bowl of delicious fried shrimp rice is happiness, but if you are given three or five bowls at a time and you have to eat them all, no matter how delicious it is, you will be bored and boring. Double wealth does not mean double happiness.

Work hard for the future and be content with the present.

🤔 : Personal core point of view

• After the initial efforts to save and save a pot of gold, invest again in order to achieve the best benefits of money making money. After all, at the same rate of return and investment time, the size of the principal indirectly affects the speed of wealth accumulation.
• Make an effort to develop your hobby into a job, and you will retain your enthusiasm. Earning money is just the slag of interest development .

💡: With the advice given by many great people or books, when a hobby becomes a job, it is no longer a job. Same with Buffett's 2022 Letter to Shareholders - Advice for Young People.

📖: essay argument

Finance articles: The importance of the core of the snowball.

The author, Mr. Shiroku Honda , believes that the establishment of savings is the basis for accumulating assets, which is the core of Snowball.
After the initial efforts to save and save a pot of gold, invest again in order to achieve the best benefits of money making money.
After all, at the same rate of return and investment time, the size of the principal indirectly affects the speed of wealth accumulation.

⭐This multi-modal 1/4 savings method : regular income * 1/4 + temporary income * 100% = savings.

⭐ From saving to investing, it is important to wait for the moment: when the economy is good, save diligently. When times are bad, don't give up the opportunity to invest decisively.

💡What can I do: It is necessary to open source to reduce costs, reduce frictional costs, and gradually accumulate principal. In case of sudden wealth, it is hard work + luck. When the financial turmoil in 2008 and the outbreak of the 2020 epidemic occur, brave investment against humanity.

State of mind:

• There is nothing wrong with earning money through proper efforts. Money is a precious thing, and it is better to have money than no money.
• Make an effort to develop your hobby into a job, and you will retain your enthusiasm. Earning money is just the slag of interest development.
• If you want your children and grandchildren to be happy, they should be taught that they are willing to develop the habit of hard work, rather than giving wealth directly.
• Double wealth does not equal double happiness.

💡What can I do: As long as the way to make money is right, there should be no distinction between the noble and the inferior; try to expand into the fields of interest, and ordinary people have the opportunity to become geniuses; pass on the financial quotient learned and experienced to the next generation, winning Give through pure material things; strive for the future and be content with the present.

 A brief introduction to the author "Hondo Jingliu":
Famous Japanese forest scientist, gardener, professor at the University of Tokyo, known as the "Father of Japanese Parks". A self-made billionaire who has created huge wealth and a big philanthropist who spends all his money to give back to the society.

I am a Talf house, sharing my life experience, learning, reading and other experiences through text. Keep it for yourself and for those who are interested, thank you for reading.