Some insights｜Money, freedom, time

I recently read some books and documentaries about money.

I have some insights on money, or currency, and take advantage of the weekend to sort out my thoughts.

For money, you should respect it, but also let the money know who is the real owner.

Before we know it, we will be kidnapped by wealth and forget the real meaning of making money.

A documentary I watched a few days ago, about ten things about money. One of them mentioned is the government's pension (it should be about the situation in Europe and the United States, but in fact it should be similar everywhere) and insurance companies.

The good service provided by the government allows you to contribute to your pension so that you can have a better life in retirement. But in fact, the government may not be able to manage that money well, or be able to support the retirement of a large number of retirees in the future. Therefore, the conclusion is that you should learn how to invest so that you can save your own retirement funds. Of course, this is in your own hands.

The other is an insurance company. The insurance company mentioned in the documentary sells fear. By selling fear, and then taking your money to hire high-paid actuaries and lawyers, and then when you need to apply for a claim... (The over-insurance rate in Europe and the United States is about 4%) Take a good look at your claims terms. Why buy something you don't need for the accident that might happen to you 25 years from now.

What you worry about is when 25 years later, when you have an accident and can't work, the income stream will be interrupted. But the origin of solving this problem is whether to allow yourself to accumulate your own asset construction system (I don't understand the English translation, but it should be similar to the investment system), and let the assets add value to your assets.

Comparing the recent chaos of Taiwan's epidemic prevention policies, I am even more sure that insurance companies are like this. People are more realistic by themselves.

Recently, I have been very interested in money, or currency, and through speculation, I have reconsidered the meaning of "money" to people.

Money, in fact, is currency, and it is also a commodity. Through this commodity, you can use your expertise or services to exchange for this commodity, and then use this commodity to exchange for another commodity or service that you cannot create.

People who don't understand the nature of money will fall into a certain trap, a scenario carefully designed by politicians and capitalists, such as mortgages, through which capitalists can enslave labor because you are kidnapped by money.

I read a joke a few days ago: "How does a technology company boss make his employees work hard until they retire without quitting?" Form a family in the company to watch the house, and then negotiate with the nearby builders, so that there will be a labor force that will not be cut off in the next 20 years.” The husband only needs to earnestly earn money in the company.

Although real estate is an asset, in fact, there is a small misunderstanding that your assets are not your assets. Because until you pay off the loan, the house is actually owned by the bank. When you can't pay the loan one day. The house becomes owned by the bank, no matter how many years you have paid, as long as you can't pay, it will no longer be your house.

Moreover, Taiwan has entered an era of "playing" with superficial houses. Because land rights plus real estate rights are so expensive that ordinary people can't buy them, it may take 40 years of mortgages. So I had to change the packaging and continue to sell.

Therefore, it is better to buy than rent. Through your own management of wealth, you can accumulate to a certain level before buying, even if it is more expensive, it does not matter.

Because nothing is more important than your "freedom".

Freedom allows you to make good decisions when judging risks or the future, which is more important than anything else.

Time is another important asset. Many people waste their time. People who really manage value will not waste their time arbitrarily, so many people will say that money buys time. But in fact, most people spend a lot of time on meaningless waste, especially in this age of attention, all kinds of online information, etc., are trying to attract your attention and attention, so that you can put your time on it. (including me too)

Finally, think about the meaning of human beings in this world. "What value do we attach to this life?"

This was one of the things I thought about the most when I was in high school. Because I don't want to live a mediocre life, I didn't expect that without knowing it, at least a long period of time had passed without knowing what I was doing.

Maybe, I will remind myself every day, the importance of time and freedom. Although I am not sure what the future holds, will this be a very important key in the universe?