Understanding of money

As for the understanding of money, money is a sword of Damocles hanging over our heads. If used properly, it can help us Most problems can be solved easily, but if we are blindly obsessed with the role of money, we will be stuck in a quagmire and unable to extricate ourselves. The following is an understanding of money. Understanding of money 1

The concept of money is the fundamental view and attitude towards money, which is closely connected with the outlook on life.

The view of money belongs to the material view, as a manifestation of the material world; money is a carrier of general equivalents in human society. The concept of money can also be said to be a human understanding of the material world in human society.

It is glorious for people to create wealth and obtain property and money through their own labor, but it is shameful to obtain something for nothing through exploitation, plunder and fraud. Money plays an important role in promoting the exchange of goods, but money is not everything. There are things in the world that are more important and valuable than money.

The correct view of money:

There is a famous saying in the book "La Traviata": "Money is a good servant and a bad master." The master, or the slave of money, reflects two different views on money.

A correct view of money guides us to earn money through legitimate means that are ethical and legal, and to use money in places that are beneficial to others in the country and society, and in places that are conducive to all-round development of ourselves and realization of the value of life. . By establishing a correct view of money, our souls will be purer, our morals will be higher, and our lives will be more meaningful.

Of course, with money, you can have many things, you can build a relatively wealthy family in material terms, and you can live a more comfortable material life. However, our life is by no means perfect as long as we have high-end items, because in addition to material enjoyment, spiritual happiness is also essential or even more important for a happy life. Understanding of money 2

1. Your view of money determines your lifestyle

Money is the medium that serves our own lives. We must know that more important than money is to settle down and live in peace. Finding the lifestyle that best suits you is the best way for money to serve us.

We must know that a poet may be poor, but he has a sensitivity that money cannot buy. He is richer than any rich person; a musician may not be rich, but There is no richer wealth than his music.

We need to face up to our attitude towards money and find the lifestyle that best suits us. We can find our greatest meaning and value through our own life. This is the key to our ability to control money.

We need to deeply understand that even if one day you have a lot of wealth, you don’t need to be overly obsessed with it. When facing the wealth of others, you will not let money become a source of self-pain.

Compared with the desire for money, what we need most is to find our own nature. Once you find the most comfortable way for yourself, all greed and desire for money and power will disappear. That taste is anything else. Nothing can compare to it. You have found God Himself within you, so what else do you want?

2. Comparison is the most taboo mentality when it comes to money.

Many people may be stressed entirely because they have made inappropriate social comparisons about money, which has brought them a lot of unhappiness. necessary pressure. Different temporal and social comparisons can bring you many negative feelings.

There is a typical case in psychology. For example, you recently bought a villa in the city. You feel very happy. In fact, this happiness is not brought to you by the house, but more of a kind of happiness. Comparison mentality, because if the people around you live in public housing, you have already lived in a villa. You will feel superior to others, and of course you will be happy.

But when the people around you are already living in better places, even if you live in a villa, you will not be very happy. You will want to live in a better mansion. This is a comparative psychology. It is always in the process of climbing a mountain. This mountain looks higher than that mountain. Of course, to a large extent, this is a vanity mentality that everyone has, but everyone expresses it to a different degree.

If we can put the pursuit of money on our personal experience and feelings of growth, we will not be too obsessed with money itself, but will know how to look at our lives outside of money.

3. The less you care about money, the richer you may be

Ancient Chinese have long had admonitions about money, such as "A gentleman loves money and takes There is a way." Wait. There are many people who don’t have money because they care too much about money. Some people don’t care much about money and become rich. There are countless such examples, such as "Xiao Xuanfeng, Chai Jin", who is willing to do good and pays attention to loyalty. When he was framed and oppressed by the traitorous officials of the court, , so many Liangshan heroes helped. "Timely rain, Song Jiang." Only those who are good at spreading wealth can get the top spot in the late Liangshan period.

Everything has its own limits, and the same applies to personal pursuit of money. Wealth should not be the ultimate goal of life. As the saying goes, when wealth disperses, people gather together, and when wealth gathers, people disperse. If wealth is distributed reasonably and can help more people benefit, then it will be easier for money to be concentrated in them.

What each of us also needs to understand is that we should not let ourselves pursue money excessively, keep doing our own things naturally, and find our own way to happiness. The wealth that belongs to you actually belongs to you. It will come quietly.

The reason why we modern people seem to be more miserable than when economic conditions are not good is often because we do not know the nature of money. If we understand that money serves people, it does not mean that more money will make you happy, nor does it mean that having money means less stress. Only in this way can you correctly treat the money differences between people and find the best for yourself. Way to happiness. Understanding money 3

1. Understanding money actually means understanding one’s psychological characteristics

In fact, understanding and knowing money has nothing to do with becoming rich or famous. . When I really got to know money, I discovered that it is actually closely related to psychology.

Trading in the stock market is based on opinion analysis. People can buy or sell their financial assets in the stock market. If you don't understand psychology and your own psychological characteristics, you may become very bad at money. For me, my psychological profile works best when I'm working toward long-term goals and leveraging my personal decision-making skills.

When I first entered the stock market, I quickly realized that my desire for short-term returns was driven entirely by triggers and novelty syndrome.

In short, based on personal psychological characteristics, when it comes to money issues, you must master your own psychological thoughts to find the strategy that best suits you.

2. Donate money for charity and other public welfare undertakings

If money is not used for public welfare and other undertakings, then money has no value.

Well-known rich people such as Warren Buffett (Warren E, Buffett) and Bill Gates (Bill Gates) have donated most of their wealth and used it to repay society and other causes.

They understand that leaving this wealth to their families will actually be a burden.

So, consider donating your money to help those in dire straits who truly need help. Things you buy with money won't make you feel that happy, but using them to help others can help you find meaning in them.

3. No one can escape bad investments

You will definitely make bad investment decisions, which has nothing to do with personal IQ.

After you invest in a certain company (such as the private office space start-up WeWork), its performance may continue to decline, and it may even face a huge existential crisis, or it may change. Not worth a penny.

When you are not favored by most people, you may choose to invest in some high-risk projects, thinking that you can find the "biggest horse" and obtain high returns.

However, the investment philosophy of the early investment fund 500 Startups believes that investors cannot always find the "horse of a horse".

Those companies that should be profitable are not, but those millennial entrepreneurs who are good at packaging their academic qualifications and have smoked marijuana can make profits from their entrepreneurial projects worth millions. Dollar.

When it comes to investing, it’s easy to be misled by facts that may not have much to do with investment returns.

You know nothing about everything. Therefore, your investment may also lead to adverse results.

4. The media also provides bad financial advice

The media industry always provides readers with a mess of bad financial advice.

In order to gain attention and chase traffic, they do not hesitate to create news events, but they do not sincerely provide readers with useful information that increases wealth.

5. You are the most important person before you have money

If you were a jerk before you had money, then you will probably still be a jerk after you have money. Money will only make you more solidly yourself.

If you are reluctant to donate 1 dollar when you have 50 dollars, then after your assets reach millions of dollars, you may still be reluctant to donate 1 dollar.

Therefore, get used to donating part of your wealth as early as possible. Instill in yourself the belief: I have money, I already have enough money.

6. Money will also depreciate

What you must realize is that banknotes are printed. Inflation can shrink your savings.

You can check the value of the U.S. dollar over the past few decades, and you may be surprised by the results.

Investing money in assets that can maintain their value over a long period of time, such as gold, stocks or real estate, can protect your money from depreciation.

7. When others are greedy, you should be fearful; when others are fearful, you should be greedy.

This sentence is Buffett’s golden saying in investment.

Nowadays, almost everyone has greedy desires, and we are currently at the end of a long-term bull market. But we shouldn’t be afraid of this, and we don’t have to sell all our assets. All you need to understand is that investments actually have cycles.

If the price surges but there is actually not that much value, then you should maintain a slightly fearful attitude and adjust your investment strategy accordingly.

Specifically, if the market surges, the majority of your assets should be in cash or liquid assets, ensuring that they can be easily and conveniently disposed of.

If the market plummets by more than 30 or even 40%, it may cause extreme panic in the market. At this time, it happens to be the time for you to buy "discounted goods". These transactions are worth it.

8. It’s best to use money

When you have money, you actually have two choices: either invest or save.

Investment means using money. Specifically, you can use your money in the following four ways:

Invest in yourself to acquire new knowledge and skills, which will help you earn more money. Invest in the stock market. Invest in books related to finance and finance to make yourself more knowledgeable about money. Invest in society and give some of your money to meaningful causes.

9. Money will make you self-inflated

Money will make you self-inflated and make you think that you are an investment master. You can make a lot of money in any field you invest your money in.

When I was in my early 20s, I had this idea. Therefore, speaking from my own experience and lessons, when you are investing and making money, you must pay attention to your own mentality.

Specifically, you can examine yourself through the following five questions:

Do you overestimate yourself? Do you look down on some people because you have money? Are you overconfident? Do you have a habit of reasoning or teaching others? Will you use money to buy some material possessions that can prove that you are rich? When you have money, your ego will quietly expand. If you don't take some control, you'll only expand further, which will only work against you.

The way you treat others is the way others treat you.

You should use your money to surround yourself with good people, rather than use your money to exploit others and end up alone.

10. Money can also be "disintegrated into ashes" in an instant

Money is also a very good teacher, and when you really lose money or lose money, you may learn real lessons from it. Experience and lessons learned.

You may have the ability to make millions of dollars, but you can also lose that money in a variety of ways, and faster than you may think.

11. Literary creation can also make money

Throughout my life, most people have told me that writing cannot make money.

In 2014, when I started blogging, almost everyone around me told me that everyone is blogging, how high can your click-through rate be? How much was your blog’s advertising revenue (the main source of income at the time)? Maybe you can’t even afford a cup of coffee with a day’s income.

But I didn’t take these words to heart at all. In the end, he earned $300,000 through writing, proving those people's misconceptions with facts.

Through my own personal experience, I am not telling you how to discover "business opportunities." What I want to express is that as long as you work hard on literary creation and persist for a long time (it is recommended to persist for at least five years), your efforts will definitely be rewarded.

As for whether you make money online or offline, I don’t think it matters. Nothing stays the same forever. As far as online is concerned, if you continue to make output, over a long period of time, opportunities to make money will definitely come to your door. Therefore, literary creation can also make money.

12. You can make money while sleeping

Sounds like a dream, right? But it's not.

By setting up different systems, you have the opportunity to make money while you sleep.

Entrepreneurial projects are systems; blogs are systems; social media channels such as LinkedIn are systems, and investing in the stock market is also a system. These systems can bring you income and will automatically bring you financial wealth.

13. Money is never enough

One of the biggest lies in the world is that one day you will have enough money. But in reality this is impossible.

No matter how much money you have, it may not be enough unless you think you have enough money. When you feel you have enough money, your inner desire for more money disappears, and so does the idea of ??never-ending work for money.

Money is just a manifestation of value. When you take a serious look at yourself, you will find that your views on money are not static.