Those who achieved financial freedom before the age of 30 did so because of what they did
Although financial freedom looks very good, it is only a benefit for a few people.
After all, the passive income that some people rely on to achieve financial freedom essentially comes from the active income of most people. Without quantitative restrictions, it is easy for a normally functioning social system to collapse. Because no one is willing to work hard for money.
Therefore, people who can achieve financial freedom are all solid and strong.
Seriously, financial freedom has little to do with age. However, People who can achieve financial freedom before the age of 30, that is, 5 or 6 years after graduation, are generally "gifted", either from a wealthy family or with outstanding abilities. What did people who achieved financial freedom before the age of 30 do right?
Financial freedom lies in having the right to choose: when you want to work, devote yourself to work; when you don’t want to work, you can rely on Invest to meet daily needs.
"Financial freedom" means: The so-called "personal wealth freedom" means that a person no longer has to sell his or her time to meet the necessities of life.
Before achieving financial freedom, we should not pay too much attention to money itself, but pay more attention to our financial intelligence and earning ability. When our financial intelligence and earning ability are sufficient, money will come. How to achieve financial freedom before the age of 35
At the repeated invitation of a friend, I gave a speech entitled "How to achieve financial freedom before the age of 35" at a club she runs yesterday afternoon, which aroused a lot of attention. Great response, most of the audience are young people, including bosses, white-collar workers from foreign-funded enterprises, and doctoral students. This is my first time giving a speech on financial management. Compared with the PPT report in the company, this is more interesting and challenging. Various audience groups answered various questions after the speech. I I feel that it is very meaningful to help young people establish the concept of wealth earlier, arm themselves with the ideas of the rich, and see the economic direction of the world earlier. As soon as the speech ended, someone asked me for the speech with a USB flash drive. I thought I would just share it here with all blogger friends, so that more people can benefit from this, achieve financial freedom earlier, and live the life they long for. , do what you want to do, this world will be more colorful! 1. Several basic concepts of financial management First, I introduced that the main content of today’s speech is divided into the above four modules. Then start talking about some basic concepts of financial management. Financial freedom means that passive income (that is, income earned without actively working) is much greater than your expenses, or greater than the average income of the country’s middle class (based on family units, China’s current middle-class average The income is 300,000 yuan), so I calculated that (based on a fixed rate of return of 7-8 per year) approximately 4 million is needed to achieve financial freedom. Unexpectedly, as soon as this PPT appeared, it caused a burst of laughter. I only found out when I asked I think this number is too far out of reach! I thought this number was too small, since I hadn't accounted for inflation yet. So I said, after you listen, you will feel that you can do it! Then I explained what financial management is. The core of financial management is to increase revenue and reduce expenditure. First keep accounts, then reduce expenditure through your own consumption desire, and finally find ways to increase income. He also said that investment is about making money make money, and mentioned the magical tool of compound interest. Finally, I talked about the relationship between assets and liabilities. If you spend your savings to buy liabilities, you will not be able to invest. Below are several PPTs from the first stage. 2. The difference between the rich and the poor. Let me first explain that the poor refer to most middle-class people who have not achieved financial freedom. Before speaking, I would like to ask everyone a question. Has anyone thought about this question? Only two friends raised their hands, so I asked these two to talk about it. Their answers were vague, but they all said it was about thinking.
Then I analyzed each one to make everyone think, is it knowledge? Is it diligence? Is it luck? Finally I revealed that the answer is concept! Then I talked about the flow of funds in society. The rich borrow money from banks to start companies, hire poor people to produce goods, and the poor get wages from the companies. Some of them buy goods and consume them, and some of them are deposited in banks. *** While collecting various taxes, Currency is also being issued continuously. Finally, I asked everyone to think about what the rich rely on to obtain tens of millions or hundreds of millions of assets. 3. There is actually a lot that can be said in this part of macroeconomic analysis, but considering the limited time of the speech, I will expand on one point: the similarities between China and Japan in the 1970s, and trigger everyone to think together. What are the best investment targets in the world in the next ten years? Since I have already written about it in my previous blog, I will not copy this part of the PPT (screenshots are too troublesome). Interested friends can read the article "The Structural Bull Market is In Progress" that I wrote last year. 4. Although there is only one PPT on the way to achieve financial freedom, I talked about it for a long time. I hope everyone can think like a rich person, find the rules of wealth operation, read more, and learn more financial management knowledge, such as futures and warrants. , foreign exchange, gold, think more about some problems in the economy, and think about why China’s CPI is so high now? Communicate more with rich people, summarize your investment results, and take immediate action to formulate 3-5 year financial goals and detailed financial plans for yourself or your family. Through this speech, I found that it is very meaningful to talk about topics that interest me, enjoy warm applause again and again, and show my own value while helping others. Are there many people who have achieved financial freedom?
This word always makes people think about it, and many people pay attention to it on Zhihu, probably because this is the realm of life that many people are pursuing. Because of my work, I have met many wealthy people, so I don’t know if they are considered financially free, but most of them have net worths of tens of millions and have time to do things they want to do. I understand that they should be considered financially free.
There are two types of people with financial freedom, one is Meng Zuyin, the other is self-struggle. The former are often referred to as the rich second and third generations...the latter often accumulate wealth through their own efforts. The former is not uncommon among those with financial freedom, but the prodigal rich second generation often seen in media reports is actually not common. Unless they are a nouveau riche, the wealthy will train and educate the next generation far better than ordinary people, and the chance of raising a prodigal son is It's not big actually, I haven't seen many of them.
Whether they are the majority of the rich second generation or those who are financially free to create their own wealth, they all work hard, knowing that what they have today is hard-earned, and they are also very worried about slipping into the next social class. go.
A big pain point in Chinese society at present, or a pain point that is coming, is the gradual solidification of classes. The solidification of classes means that people's upward path is getting narrower and more closed. This is a problem that more and more people are beginning to worry about now, and it is also a problem that has already appeared in European and American societies. Behind this is people's concern for wealth and social status. anxiety. Achieving financial freedom is naturally the envy of those at the top of the social class. Those who have successfully made their way into it, do you think they will give up easily? It's like sailing against the current. If you don't advance, you will retreat.
The financially free people we are used to seeing may be empty, lonely, and confused, because they feel as if their money has reached a certain level and they no longer need to work hard, just like what a Zhihu netizen asked below. I can’t say that this is nonsense, but there is definitely an element of yy and an element that echoes the popular psychology.
Don’t be misled by the bosses and second-generation rich people in TV dramas, thinking that they live a luxurious and idle life. Judging from the financially free people I have contacted (perhaps hundreds of people, I know them directly or indirectly), their lives mainly focus on these aspects. What are the important factors for ordinary people to achieve financial freedom?
Normal work cannot achieve financial freedom, but can only maintain a minimum well-off life. This is because workers’ share of corporate income sharing is actually very small, especially now that there are so many unemployed people. For ordinary people, their human resources are worthless. To achieve financial freedom, you must invest, and the sooner the better.
What are the channels to achieve financial freedom?
Channels to achieve financial freedom:
1. Rental properties;
2. Dividends or funds Dividends;
3. Bank time deposits and monthly income plan;
4. Income from royalties, patent fees and other income from book or music creation;
5. Advertising income from blogs or websites;
6. Monthly living expenses, child support or child trust funds compensated by the ex-husband or ex-wife;
7. Rental of professional qualifications or academic qualifications.
Among them, renting properties is the most common way for people to achieve financial freedom, but it is also the most expensive way. The advantage is that once you have a property available for rent, you can generate passive income and is usually a quality asset that generates long-term cash flow. It is usually preferable to own the full title of the property because there is no mortgage pressure during the lease period of the property and you can still maintain a level of financial freedom. Ways to quickly achieve financial freedom
1. The proportion of financial investment among high-net-worth groups is increasing
Among the sources of wealth for high-net-worth groups in my country, fixed salaries, bonuses, corporate dividends, etc. The proportion is on a downward trend, while the proportion of financial product investment is on a steady upward trend. Relatively speaking, they have a more positive and optimistic attitude towards financial investment, a more rational and durable attitude and investment confidence.
Their investment in PE equity investment has more value for reference. In order to achieve better wealth appreciation, investment choices are more likely to collide with future wealth gathering hotspots. The New Economic Board provides a safe and worry-free investment platform for it. Researching and learning some investment methods and investment strategies will help other middle class people quickly enter the fast lane of wealth accumulation.
2. Equity investment helps to achieve financial freedom as soon as possible
As the emerging wealthy and middle class, investing in PE will not only bring more room for appreciation of their wealth , making it easier to achieve the pursuit of financial freedom. Taking the New Economic Board as an example, investing in high-growth companies in the new economic industry on the platform is equivalent to buying an original stock. As the company grows bigger, it will be easy to earn ten times or a hundred times the income. .
In addition, through such equity investment, you will experience the sense of accomplishment and control as a strategic investor. The high-growth and high-quality projects selected by the New Economic Board mainly come from artificial intelligence, big health and new materials, etc. , which is very in line with the needs of investors pursuing innovative companies with potential. By investing in projects or companies that interest you, you can realize your ideals and pursuits in life and add weight to the value of your life. This is undoubtedly one of the reasons why PE equity investment has become an investment feast for the wealthy class.
3. The wave of mass entrepreneurship promotes the development of equity investment as a core tool to achieve financial freedom
The core tool is personal ability, and financial freedom is manifested in having no worries about food and drink. Achieving financial freedom before the age of 40 Feasible solutions (please answer seriously, no nonsense)
There are often very few people who can persevere, but they can enjoy true financial freedom. The following is an implementation plan: It is not difficult to succeed in the financial field, as long as you manage yourself as a company. A company must have a purpose, goals, and rules and regulations, so it needs to spend time formulating plans and plans. The plan formulated must be implemented to be meaningful.
First of all, you must realize that it is extremely difficult to control yourself. For your great blueprint, you must develop a set of methods, including restraining your bad habits and that beast-like head. emotions.
Start by managing your own behavior, because no matter you have many grand plans and dreams of enjoying life, if your behavior does not match, whether it is active or passive behavior, you will not be successful.
Borrowing ready-made management solutions is also making use of the wisdom of others. There are many ways and tools to choose from.
It is not easy to find someone who has been to that realm and consciously contact and get close to him. People who can truly tell you about wealth, wisdom and money control are rarely in your field of vision. appear, because they would not choose to appear in the casino with those who are fighting. They may be enjoying the sun on the beach, or living a peaceful life in a manor in the suburbs.
Just like building a building, you cannot start by designing a small room. If you start by solving the problem at hand, it will be like this: first find a bed, then a room, a toilet, and then a kitchen. , I want another hall,...if there is one more person, I want another room...and add another layer...What will be the ending like this?
To focus on safety, you must first know what safety is, and what is the concept of safety? A long-term plan must be a comprehensive plan that takes into account not only various foreseeable but also unforeseen factors.
If you are young, try making a 25-year investment plan. Do a good job in risk management. A lot can happen, but you must not stop doing it because of the unknown, otherwise you will fall into the mode of only solving immediate problems.
Use your best imagination, what you want to do in the future, combine it with your current abilities, and start taking action. The fruits of the harvest will be waiting for you there
When you are planning to get rich While planning, don’t forget that countless other people are also making their own plans to get rich just like you, and if you’re not careful, your money could end up in someone else’s pocket.
If you don’t plan, then you will become someone else’s plan. What methods do you have to ensure that you don’t make mistakes in your life? Can you ensure that you are always on the best defense? Are you willing for yourself and your loved ones to live a life with no future and no security?
When can you let your parents, who have worked hard to support you, enjoy a peaceful life?
When can you let yourself live a free and dignified life?
You might as well think deeply. Thinking is definitely not an easy and pleasant process, but omitting it is equivalent to losing the treasure hunting process.
Financial freedom is not out of reach. Are you willing to stop your busy pace and give yourself some time to listen to your real needs? How many people are willing to truly achieve time freedom and financial freedom?
Financial freedom is a state where you don’t have to work hard for money to meet living expenses. Simply put, the passive income generated by your assets must at least equal or exceed your daily expenses. This is the state that most of us most aspire to achieve. If we enter this state, we can call it retirement or other various aspects. species name.
If your monthly expenses are one thousand yuan, and you can earn one thousand and one yuan in passive income without any hard work, then you have reached the level that everyone has Envy of financial freedom. This thousand dollars in this example is called the "tipping point."
Once this critical point is exceeded, as long as no major disaster occurs, you can live without working. Of course, if you like your job, you can continue to do it, or you can choose your Do things that you really like to do, rather than being forced by life to do things that you don't like but have no choice but to do.
In terms of financial freedom, assets are things that put money in your pocket without having to work (assets generate passive income), while liabilities take money out of your pocket. Therefore, your private car is no longer an asset in the ordinary sense.
A property that is rented out for profit is an asset because it is completely owned by you, and there is a surplus after the monthly income offsets the property taxes you pay. The house you live in is no longer an asset, because you still have to bear the mortgage loan and the resulting loan interest. Even if you pay off the mortgage loan and loan interest, you still have to bear the maintenance of the house, property taxes and other items. expenditure.