Category: Life Tips

If you have an employee mindset, you'll see working for a paycheck as simply the way things are. You get used to it—no matter whether your project succeeds or fails, the boss still writes the check at the end of the month.
But investors don't operate under those conditions. There's no guarantee that one round of hard work will pay off. One attempt and you could be ruined forever...

When a fallback plan is a low-probability event, it's better to have no plan at all. Its mere existence actually undermines the success rate of your overall strategy.

Before the college entrance exam, you learn how to be excellent; after it, you learn how to monetize your excellence.

The first approach is to pick a role with a high enough ceiling and then do everything possible to maximize the efficiency of that "position." (Spend your entire career in a well-compensated role where your productivity is irreplaceable.)
The second approach is to focus on boosting the efficiency of the "individual," meticulously breaking down your time and filling it with diverse work tasks.

Wealth actually exists on two levels: high asset value and strong cash flow. A landlord with several properties in a Tier 1 city may indeed have substantial assets, likely worth tens of millions, but their cash flow is often weak. Those with robust cash flow are the truly wealthy.

Your boss assigns you one task after another, but you can barely see how what you're doing connects to your long-term goals.
There are really just three dimensions to such a connection.
1. What value does this bring to the company?
2. What favor or goodwill does this build with your manager?
3. What reusable skills or experience does this give you?

Why pay for someone else's experience? Why go through the effort of learning and building your own trading strategy?
When you follow someone else, you'll never really know when they're buying or selling, let alone how much capital they have in their core position or how much more they're waiting to deploy.
What might be a profitable opportunity at any given point for them isn't necessarily one for you.