Since getting away from encryption, I feel like I'm just wasting time and not growing much. But recently, I finally finished a book that I had been putting off for half a year, so I guess that's some growth (self-deception). I'm not a top student and I don’t enjoy reading. I haven't even finished the novel of Weathering With You, which I like. So reading is quite a rare thing for me.
I think that since I have read the book, I should write something to help myself review the knowledge, and take the opportunity to apply it while the blue label hasn't faded. This book is "The Millionaire Mindset," which should be quite a well-known book. The text does not teach any financial strategies or methods, but instead uses various stories to change your perspective on money.
For me, I also want to change my perspective on money. After being in this circle for so many years, my view on money has long been corrupted. 100U is a huge amount in reality, but when thrown into encryption, it feels like throwing water into the sea. Such a fixed mindset cannot be changed just by reading a book; it requires long-term and gradual practice.
However, this book still presents many viewpoints, and I will pick a few that enlightened me to discuss.
Luck: I also firmly believe in luck. It either exists or it doesn't. Especially in a society filled with so much uncertainty, every small thing can create a butterfly effect that ultimately leads to entirely different outcomes. Don't gamble on luck, but don't overlook it either.
Savings: No matter how much you earn, it's never enough. Even those on minimum wage can survive, while those earning over ten thousand a month may still struggle. Restraining your impulse to spend is essential to accumulating wealth.
Time: Major indexes have been flat for a while, and some have even declined for several years. However, people can always find reasons to persuade you, such as what the return rate is over 10 years or 20 years. As long as the framework keeps changing, there will always be reasons to convince you. It sounds like it's saying not to be fooled by appearances, but it also conveys that as long as it is not interrupted, it will still grow in the long run.
Freedom: Financial freedom does not mean having an endless supply of money; no matter how much money you have, there is always a way to spend it all. Wealth simply gives you more flexible choices: you can quit your job if you don't get along with the company, you can pursue your interests and drive an excavator, or you can go to the mall for afternoon tea on a Tuesday. Wealth gives you the power to control your own life, rather than just buying luxury homes and cars.
Rationality and Reason: This is something I often think about as well. How money is used depends on each person's own thoughts and character. For example, if I were given 150K, I could buy an 86 or invest it, because the value of 150K will multiply infinitely in the future. But if the 86 can make my life happy, then I choose 86.
Conclusion
This article is hastily written from my own memory. Every era is changing, and it's only been 80 years since the end of World War II. The emergence of smartphones has been less than 20 years. Everything that happens and changes is constantly in flux, and surprises always arrive suddenly during this process. What seems like a stable strategy might completely fail or even go to zero within 10 years. It could be luck, it could be the world being reshuffled, who knows.
All you can do is stay away from the fire pit, cultivate good habits, live without being oppressed by capital, and then wait for your lucky star to arrive.
