I think this book is about the second half of 2008. I graduated directly from this book and started my business. Later, I contacted investment and fully accepted value investment. It can be said that without this book, there would be no life now. Here are two concepts that have the deepest influence on me.
Seeing this picture in a book, I decided to quit my job and start my own business, with the goal of accumulating some wealth and experience, and finally investing.
We are all familiar with financial freedom now, but few people really understand it. Real financial freedom has nothing to do with your current salary, but your financial quotient has the greatest influence.
The author of this book also has a cash flow game. I bought a set specially at that time, which seems to be more expensive. At that time, more than 200 pieces were distributed. Then I invited some students studying finance and economics to play together, which benefited a lot. The deepest feeling is that entering the fast lane (that is, financial freedom) has little impact on your career and salary.
Now I invest myself, and some people have struggled for a long time to find the door to value investment. I knew the importance of cash flow from the beginning, or my initial goal was to make investment generate enough cash flow. If this cash flow is greater than the expenditure, that is my ultimate goal: financial freedom.
In a word, this book has a profound influence on me, and it is also the most classic book I have ever read. Even if the author's literary talent is not first-class, and even many concepts are always repeated, it will definitely make people feel refreshed and even change your life's fate.
Poor dad and rich dad, this is a good book that has influenced me for more than ten years and will certainly continue to influence me.
I think this book is about the second half of 2008. I graduated directly from this book and started my business. Later, I contacted investment and fully accepted value investment. It can be said that without this book, there would be no life now. Here are two concepts that have the deepest influence on me.
Divide the work into four quadrants
Seeing this picture in a book, I decided to quit my job and start my own business, with the goal of accumulating some wealth and experience, and finally investing.
Financial freedom means that passive income is greater than active income.
We are all familiar with financial freedom now, but few people really understand it. Real financial freedom has nothing to do with your current salary, but your financial quotient has the greatest influence.
The author of this book also has a cash flow game. I bought a set specially at that time, which seems to be more expensive. At that time, more than 200 pieces were distributed. Then I invited some students studying finance and economics to play together, which benefited a lot. The deepest feeling is that entering the fast lane (that is, financial freedom) has little impact on your career and salary.
cash flow
Now I invest myself, and some people have struggled for a long time to find the door to value investment. I knew the importance of cash flow from the beginning, or my initial goal was to make investment generate enough cash flow. If this cash flow is greater than the expenditure, that is my ultimate goal: financial freedom.
In a word, this book has a profound influence on me, and it is also the most classic book I have ever read. Even if the author's literary talent is not first-class, and even many concepts are always repeated, it will definitely make people feel refreshed and even change your life's fate.
I think this textbook-style financial management book is worth recommending. Corporate Finance (9th edition) written by Stephen A. Ross, Randolph W. Westfield and Jeffery F. Jeffery consists of 8 chapters, ***3 1, covering all issues of corporate financial management, including asset pricing, investment decisions, financing tools and decisions, capital structure and dividends. Corporate Finance (the 9th edition of the original book) has exquisite chapters, strict logic, novel contents, informative materials and is easy to teach and learn. It is not only suitable as a teaching material for MBA, financial management and undergraduate and graduate students in business schools, but also a must-read masterpiece or reference book for financial and investment professionals, university-related teachers and researchers.
What impressed me the most was "Poor Dad Rich Dad" series, which was also my first financial management book. I haven't read related books before.
The biggest feeling is shock. So wealth can be accumulated like this! It turns out that rich people are born like this! Many new discoveries have never been encountered before.
1, cash flow
Perhaps the word "cash flow" is very common now, at least in the financial circle. The first time I came into contact with this word was in Poor Dad and Rich Dad. When I saw it, I really didn't understand what cash flow was.
With the deepening of reading and the elaboration in the book, I gradually understand that cash flow is money that can be circulated at any time and used, such as saving money in Yu 'ebao, and using it whenever I want.
Many people have their own opinions on whether cash flow is important in financial management, but after reading the book, they feel that cash flow is very important, and the greater the proportion in financial management, the better. At least this ratio can ensure that they choose their favorite investment projects at the right time, and at the same time, it can also ensure the stability when there is a floating loss.
2. Passive income
It is precisely because of the cognition of "passive income" that they learn to invest and manage money. The rich are rich because all their incomes are richer than ordinary people, especially passive income.
Investment income such as stocks and funds is passive income. This part of the income source can be obtained only by making money work for yourself, and it can be rewarded without hard work. Of course, the choice of investment varieties, including taking profit and stopping loss, is another matter, but it is difficult to compare with work in terms of labor intensity and income source.
Creating your own passive income has become a goal.
Step 3 pay yourself a salary
In the process of reading, there is a book devoted to how to pay your own salary, which is actually a disguised saving function, which makes the funds form a closed loop, and every month you can get a source of income, and this source is the funds you have saved.
Savings methods such as the popular 12 certificate of deposit method and 52-week savings plan are also influenced by this thinking. Adhering to the monthly fixed deposit has become an indispensable part of financial management, and it is also a step that has been adhered to.
About ten years ago, I read how to earn160,000 RMB in three years written by a German named Bertie and Schaefer. In this book, he not only taught you to make money and manage your finances, but also instilled an idea of realizing financial freedom and living a free mind while making more money while you are young. At the same time, he believes that money is a mysterious energy, and it is necessary to do charity regularly after it, so as to continuously gather wealth. I agree with many of his ideas, but it's a pity that I haven't earned 10 million yuan for so many years. But some of his money ideas and financial management experience really influenced me and brought me many positive influences. I believe I can achieve financial freedom and work hard in the future.