Learn the skills of becoming wealthy?

The first step is to save more money

  The first step is to save more money with three words at its core.
  Many newcomers who just started work often fall into a misunderstanding that I have little money and can’t save money; or there are some people who have worked for a period of time. The situation is the opposite, that is, I have more money and high income, so I don’t need to save money.
  ”Money: 7 Steps to Create Lifetime Income” tells us that people with high incomes, such as sports stars and acting stars, earn more in a year than many ordinary people earn from working for a lifetime, but these Many celebrities later went bankrupt.
  On the contrary, there are many low-income ordinary people who insist on saving money and save a considerable part of their income for steady investment. As a result, they live a stable life throughout their lives. In their later years, they have accumulated tens of millions of dollars in wealth, and a large sum of money. Donate to charity.
The second step is to be less fooled

  The second part of “Money: 7 Steps to Create Lifetime Income” tells you the 9 biggest investment marketing lies. Exposing these lies can make you less fooled.
  After we see through those investment marketing lies, how can we embark on the bright road of investment and financial management?
  It’s like your child has made a reasonable configuration of his career and life after graduating from college. After reaching a certain level, this configuration needs to be upgraded, so he learns from the master and strives to get ahead, and when he reaches a certain age, he will understand what wealth is more important than money.
The third step is to plan

  We need to look at the map when we go out to determine the approximate route to go out. We must first make a plan for our business, determine a good goal, and choose a good path. The same is true for investment and financial management. First of all, you have to set your financial goals.
  How much money do you need to realize your dream of financial freedom, and how much time you need to accumulate enough money to realize your financial dream by using your current investment and financial management methods, including how many years you need to save and how many years to invest.
  Remember, to figure out is to know what the specific number is. Only when you figure it out will you have power.
  We all have our own dreams, but we only stay in the dream stage. We have not carefully calculated how much money it takes to realize such a dream.
  ”Money: 7 Steps to Create Lifetime Income” divides financial dreams into 5 levels: financial security, financial vitality, absolute finance, financial freedom, and absolute financial freedom.
  This book provides you with a calculation table for your five-level financial dreams, as well as specific cases, so you can count them. From then on, your dream is no longer just a dream, you have started the first step of turning your dream into reality.
The fourth step is to configure

  This book is the simplest and the most clear about asset allocation I have seen-“Money: 7 Steps to Create Lifetime Income”.
  There is a Chinese idiom “Cunning Rabbit Three Caves”, and Tony Robbins also talked about the three big buckets (Chinese^ compares water to wealth, so I deliberately translate it into buckets).
  The first bucket is the safety/safety bucket. This bucket seeks to be stable and only invests in fixed income, with a safe principal and fixed income. The purpose of investment is not offense, but defense.
  The second bucket is the risk/growth bucket. This bucket seeks to make progress, and can be used for stock investment, real estate investment, etc. The goal of investment is to pursue higher income growth. But the returns are high, and the risks are also high, so the author deliberately puts risk before growth, calling it the risk/growth bucket.
  Just seeking stability is too boring, and will make you never have a chance to realize your dreams. Just seeking progress, too radical, may make you lose your energy, and you will not be able to maintain your basic life. So the most important thing is to balance the configuration, seek progress while maintaining stability, and be both offensive and defensive.
The fifth step is to stabilize income

  It’s not enough for you to earn more, you have to convert these assets into long-term stable income in the future. The most stable investment is insurance.
  Chapter 28 of the book recommends that you buy an insurance product—annuity. You can get a stable income every month, and no matter how long you live, as long as you live, you are guaranteed to get a stable income.
  Chapter 29 recommends that you purchase a modern new annuity. The returns of these annuities are linked to the stock index increase. Your principal is absolutely safe. If the index rises, you can share part or all of the upward gains; if the index falls, you will not lose a penny. You only have upward gains, but nothing Downside risks.
  It used to be that this kind of fixed index annuity can only be bought by the rich, but now through the efforts of Tony Robbins, ordinary investors can also buy it.
  Going to the fifth step, we have saved money, made reasonable asset allocation, and purchased annuity insurance products to convert assets into stable income in the future.
  With such a high retirement income, it is enough to support our dream lifestyle. From then on, we no longer have to work for money. We are financially free, our lives are free, and our hearts are free.
  If you are still not satisfied, and want to take a higher level of investment and financial management, and reach a higher level in the investment game, you still need to take the sixth step.
The sixth step, learn the master

  Tony Robbins said that in order to write this book, he interviewed more than 50 top investment and financial management gurus.
  Just looking at the roster of the masters will shock you:

  ”Money: 7 steps to create lifelong income”
  Author: Tony Robbins
  Translator: Liu digit
  Press: CITIC Publishing House
  Publication date: April 2018
  Price: 88.00 yuan
  investment guru Warren Buffett, the world’s largest hedge funds palm Doorman Rui Dalio, founder of Vanguard Group, the world’s largest index fund company, John Borg, investor in the world’s largest attack on mergers and acquisitions, Karl Icahn, and Charles Schwab, founder of Charles Schwab, the largest securities brokerage company in the United States, and Sir John Templeton, the greatest investor of the 20th century, etc.
  The views of the masters are not exactly the same, but their basic principles are the same. We can start with simple and easy investment methods, after we have accumulated a certain amount of experience and wealth, and then according to personal characteristics, we can more imitate the one or two masters that are most suitable for us.
  Well, we have finally come to the last step of the simple 7-step investment method. We are about to uncover the greatest secret of wealth.
The seventh step, great wealth

  For each of us, the greatest wealth is not money, but passion. Feeling the passion of life is the greatest wealth. You are not living for money, but for living better and happily with money.
  This topic is the specialty of Tony Robbins. He has studied for more than 30 years and concluded that making three major decisions is related to the greatest happiness in your life.
  First, what to pay attention to. Are you concerned about what you gain or what you lose, what you can control or what you can’t control?
  Second, what’s the point. Meaning is equal to emotion, and emotion is equal to life. Only when you have meaning, you have passion, and when you have passion, you have real life.
  Third, what to do. Attention brings meaning, meaning brings passion, passion motivates state, state motivates action—continuous action, action ultimately brings change, and changes your life ever since.
  So, what is the ultimate secret of wealth? It is giving.