Mainly these 5 books
Freedom of Wealth: Principles and Methods for the Accumulation of Wealth by the Wealthy People of Common People
"The Road to Financial Freedom: Earn Your First $10 Million in 7 Years"
"Money: 7 Steps to Creating Lifetime Income"
The Logic of the Rich: How to Create Wealth and How to Keep It
Rich Dad's Road to Financial Freedom: The Magical Cash Flow Quadrant
The essence of these 5 books has been discussed in the Essence article.
Now, I put these theories together and categorize them as ideological, strategic, and tactical.
ideological layer
1. The purpose of pursuing financial freedom is not to enjoy luxury, but to have more time to do more valuable things and things you like more. If you've been working on something worthwhile and enjoy, and you're not struggling with money, then you don't have to think about financial freedom.
2. Financial freedom does not mean early retirement, but can no longer be a slave to money, and can work better until the age of 90 without distractions.
3. Money will never bring you long-term happiness, but what kind of person you become and what you give will bring you long-term happiness.
4. Happiness depends on his relative status in society, that is, whether he has more or less things (including prestige, status) compared to his peers.
5. Most importantly, focus your time and energy on the things that pay the most.
6. You need time, do high-quality thinking, and prevent your ideas from becoming financially and technologically obsolete.
7. Think long-term about what you are really interested in and how to make money from it.
8. If you can achieve the top level of the industry and become an industry elite, the money will automatically run into your pocket.
strategic layer
1. Understand that most rich people start getting rich at the age of 50 and achieve financial freedom at the age of 61.
2. Do not compare with others in consumption, and have no willingness to show your economic strength.
3. Work in quadrant B or I to build a system that utilizes OPT and OPM.
4. Have a CFO at home, have goals, be patient, and make paying off debts a priority. This will take at least 6-7 years.
5. Choose the people you spend the longest time with, their thinking will affect you.
6. Find a mentor who has been successful in quadrant B or I. Don't listen to advice from people who are not in this quadrant.
7. Be honest about your talents and values. Have the courage to promote yourself, in the end it is the popularity that wins.
8. Consider factors that threaten your wealth. Political factors, inflation, may devour your wealth.
9. To act. Don't wait until you figure it all out before you start.
10. To delegate power. Find someone smarter than you.
11. Make a decision. Whether it's right or wrong, don't hesitate.
12. Make mistakes. Not making mistakes shows that you are not doing your best.
tactical layer
1. The goal of wealth freedom can be set as: 150 times the average monthly consumption.
2. Write down your wealth goals for 10 years.
3. Make a table, figure out your balance sheet, figure out your cash flow.
4. Continue to save in a systematic and planned way, and save at least 10% to 20% of your monthly income.
5. You can set aside 5% of the money every month, and accumulate it for the consumption of luxury goods.
6. Formulate an asset allocation plan, implement and balance it regularly, and regular means every six months.
7. Buy index funds.
8. Don’t get caught up in “local preference.”
9. Don't kill "goose".
If you find that you can't read it, read it carefully: The essence of 5 good books on wealth freedom
If you still do not understand, you can buy a book to read.
If you want to see more specific operations, please read: 5 golden rules for making money while sleeping
Hakata
Text｜Wei Jianvan