MindMap Gallery Ten essential differences between millionaires and ordinary people
This book is currently only available in English and has changed my financial IQ. Related books such as "Puppy Money", "Rich Dad Poor Dad" and "Stop acting like a millionare, start living like a millionare" are not very thorough, but "Ten Major Differences" is very instructive and practical. May everyone have wealth and freedom. Updated the price and hope to have a Chinese version soon. I hope that our wealthy Chinese can also write books of the same quality.
Edited at 2024-01-18 12:37:59El cáncer de pulmón es un tumor maligno que se origina en la mucosa bronquial o las glándulas de los pulmones. Es uno de los tumores malignos con mayor morbilidad y mortalidad y mayor amenaza para la salud y la vida humana.
La diabetes es una enfermedad crónica con hiperglucemia como signo principal. Es causada principalmente por una disminución en la secreción de insulina causada por una disfunción de las células de los islotes pancreáticos, o porque el cuerpo es insensible a la acción de la insulina (es decir, resistencia a la insulina), o ambas cosas. la glucosa en la sangre es ineficaz para ser utilizada y almacenada.
El sistema digestivo es uno de los nueve sistemas principales del cuerpo humano y es el principal responsable de la ingesta, digestión, absorción y excreción de los alimentos. Consta de dos partes principales: el tracto digestivo y las glándulas digestivas.
El cáncer de pulmón es un tumor maligno que se origina en la mucosa bronquial o las glándulas de los pulmones. Es uno de los tumores malignos con mayor morbilidad y mortalidad y mayor amenaza para la salud y la vida humana.
La diabetes es una enfermedad crónica con hiperglucemia como signo principal. Es causada principalmente por una disminución en la secreción de insulina causada por una disfunción de las células de los islotes pancreáticos, o porque el cuerpo es insensible a la acción de la insulina (es decir, resistencia a la insulina), o ambas cosas. la glucosa en la sangre es ineficaz para ser utilizada y almacenada.
El sistema digestivo es uno de los nueve sistemas principales del cuerpo humano y es el principal responsable de la ingesta, digestión, absorción y excreción de los alimentos. Consta de dos partes principales: el tracto digestivo y las glándulas digestivas.
Ten major differences between millionaires and ordinary people
Chapter content
Millionaires plan long-term, ordinary people are short-sighted
A poor person plans for a day, a rich person plans for a month, and a rich person plans for ten years.
Patience is the passport of millionaires, impatience is the epitaph of ordinary people
Every area of life is relevant, take a long-term view at every point, think slowly, and have a five-party perspective; a long-term perspective is conducive to the growth and expansion of every field
Secrets of millionaires: Create wealth by doing things you love, long-term foundation, this will not kill your own goose
Ordinary people: overestimate what can be done in one year, underestimate what can be done in ten years
Millionaires talk about great ideas, ordinary people talk about people and things
Millionaires: Discussing ideas, new models, new businesses, new methods
Ordinary people: discuss family affairs, anecdotes, and complain.
Big people talk about ideas, ordinary people talk about things, and little people talk about other people.
Creativity is the most precious wealth in the world
Wealth is powerful, creativity is even more powerful
Three types of people: creator, bystander, narrator
Execution method:
Positive and optimistic
Stop complaining and start learning and growing
Before you complain next time: Ask yourself, what does life want me to learn?
Millionaires embrace change, ordinary people are threatened by change
Millionaires embrace change because they know that change brings opportunities for growth
Fear blinds your eyes and wisdom
Change teaches us new things
Millionaires dare to take risks after calculating the gains and losses, while ordinary people are afraid of taking risks.
Interview with people over 80 years old: The first thing I regret is not taking more risks when I was young
If you exclude adventure from life, you also exclude opportunity from life
Use it for insurance after careful evaluation rather than avoiding all risks without screening.
Apply knowledge, wisdom and courage to overcome fear. Knowledge, wisdom and courage are light. Fear is darkness. Light can eliminate darkness. Fear is because you don’t understand.
Ways to control risks
The best thing that could happen is
The worst thing that could happen is
What's most likely to happen?
If you can live with the worst thing that could happen and if the most likely thing to happen will get you closer to your goals, then go for it!
About failure
Millionaires believe that failure is a necessary part of the road to success, they are not afraid of it and embrace it and become wiser (lifelong growth),
Ordinary people think failure is bad and must be avoided.
If you fear failure, you will avoid taking risks and fail to seize opportunities.
Millionaires desire success (passive income from financial freedom) more than they desire recognition
1/3 of people will like you, 1/3 of people will hate you, and 1/3 of people will not care about you.
A millionaire understands that he cannot please everyone
No matter what you do, some people will always be there to reject you and deny everything about you
Millionaires fight to win, ordinary people fight to avoid losses
Millionaires continue to grow throughout their lives, while ordinary people think they will stop studying after graduation.
Read good books, read well, read books that teach you to become a millionaire
Attend training and hire a coach
Change your behavior: Stop acting like a rich person, live like a rich person
Millionaires work for profit, ordinary people work for wages
Millionaires think they must be generous, ordinary people think they cannot afford to give
Bring other irreplaceable joy
Need further understanding: to improve the realm? Spot an opportunity?
Millionaires have multiple incomes, while ordinary people only have one or two incomes
Ordinary people only have a fishing rod, millionaires have fishing boats and fishing nets
Millionaires can control passive income and use component teams to better operate their own industries. Millionaires believe: find the right time, find the right people, do the right things, and do the right things.
Millionaires buy boats and spin nets (vastness, possibility, interconnectedness), ordinary people buy better fishing rods (better jobs)
Millionaires focus on increasing their net worth, ordinary people focus on increasing their spending
work smarter, not harder
Millionaires work hard to increase net worth and ultimately achieve financial freedom
The endless cycle of ordinary people: get up and work to pay the bills, get up and work to pay the bills
A millionaire's definition of net worth: assets minus liabilities
About assets
Assets are assets that generate passive income
Net worth is not the golden eggs in the nest, but the goose that laid the golden eggs. Increase the number of your geese, check the health of your geese, and raise your geese carefully.
Advantages of passive income: Taxation is favorable. Millionaires can consume first and then pay tax (through the company), and the company pays less tax; ordinary people pay tax first and then consume.
Loads such as: car loans, housing loans
What ordinary people think of as assets: valuable, but often unable to generate passive income
Business, real estate, and stock futures all have risks. If you continue to enrich relevant knowledge, the risks will be reduced and controllable.
Millionaires believe that assets should be: assets that have value and generate passive income; assets that do not generate passive income are useless, such as jewelry,
Differences in concepts
Millionaires focus on growing their assets
Ordinary people are obsessed with buying and unconsciously increase their bills
Ordinary people work for money, millionaires make their money or assets work for them
Disadvantages of working for a salary: As your salary increases, taxes will increase; as your salary increases, your dependence on your boss will increase.
Millionaires control their own wealth; ordinary people's finances are controlled by others (banks, real estate sales, car sales, luxury goods sales, overwhelming advertising, taxes, bosses)
Millionaires control how much and how they pay taxes, while ordinary people are controlled by corporations.
The employer can decide whether to continue hiring you next month, because you never know if the business is going downhill, and there is always a risk of losing income (salary) because you are dependent on the employer.
Rules of action: Convert your salary into passive income, buy assets (the kind that can generate passive income), require new knowledge, continue to learn and practice, carefully evaluate the risks before taking risks, and study hard to acquire assets that can generate passive income. methods, and continue to improve these methods; this method is a skill that requires patience, knowledge and wisdom to polish this skill
Be patient, gain knowledge about the asset, and use your intellect (the skill to apply knowledge correctly)
Millionaires have knowledge of and invest in some things that the middle class doesn’t even know exist.
Xinjiang tax avoidance
Start a small business
Pancakes
Malatang Speaker Brother
Action method
Determine the goal: reach or exceed your active income (salary), then you will have the initiative: you want rather than need
When you start your own business, make sure your expenses are consistent and that your savings are enough to buy assets.
A common but wrong approach is to increase spending when your income increases. This is unwise; it is wise to increase consumption when you have passive income.
Millionaire: The secret to building wealth is, more income → more investment
Internet sales company
Believe in its product or service sincerely
Treat the people you meet with peace of mind
Make sure the business is involved in philanthropy
small business
X factor
Douyin wealth course
write a book
Millionaires ask themselves the questions that make them strong; ordinary people ask themselves the questions that make them weak.
Ask questions, and you will get answers and life; ask questions that make you strong, and you will become stronger.
How do I double my net worth? ?
Meditate and ask questions that will broaden your horizons
How do I make 1 million a year?
write a bestseller
APP
website
start a company
partner
good idea
The above rely on each other and achieve each other's success
How can I stay healthy and strong
artificial guidance
Read it over and over again, once a month, it will be engraved into your bones and become an iron rule
Thoughts
A book mentioned in the fourth section of the first chapter of the book "Buddha Fear System" written by my idol, Chinese-American physicist and popular science writer Mr. Wan Wei Gang
I was enlightened and excited. Applying the theory in the book to actual people is effective, which inspired me to want to translate this book.
Freedom of wealth vs freedom of thought
Some books are full of useful information and have the author's personal experience. They are exciting to write and excited to read, and they are reluctant to share them with everyone; other books are books other than the books mentioned above.
Try to contact the publisher and translate this book for Chinese readers
Prepare to act according to the guidance of this book and achieve financial freedom within 10 years
The definition of financial freedom: passive income far exceeds expenses
About books
The Top 10 Distinctions Between Millionaires and the Middle Class
For information about the author, please refer to Chapter 1, Section 4 of "Buddha Fear System"
Author: Keith Cameron Smith, self-made golf caddy
Related books
puppy money money
poor dad rich dad
"Stop Acting Rich: ...And Start Living Like A Real Millionaire" by Thomas J. Stanley
More differences I summarized
Millionaires exploit resources, middle class squander them
Millionaires dress like ordinary people, ordinary people dress like millionaires
Millionaires fight to win, ordinary people fight to avoid losses
Millionaires act like ordinary people, ordinary people spend like millionaires
Millionaires have ideas and are bold; the middle class can do whatever they are asked to do without having to think about it.
Millionaires don’t hesitate to invest in expanding their network, and the middle class keeps socializing with friends.
Millionaires always test opportunities before them; middle class people think carefully and squander a lot of opportunities
Millionaires are always dissatisfied with the status quo. If the middle class salary is increased by 50%, they will not move for three years.
Millionaires will not be socially ineffective (find girlfriends in their good years), and middle-class people will be ineffective or negative in sociability.
Millionaires and millionaires stay together and learn from each other and grow; middle class and ordinary people live together and pull each other down (stay away from bad friends)
Millionaires do not stare at the inside of their companies all day long. They run around all day long, looking for opportunities, and are willing to spend a lot of money to get key information; the middle-class small farmer mentality, staring at the inside, takes up precious ideological resources
deafening truth
The biggest gap in the world is the distance between what I should have done and what I did
When your life ends, you will regret more about the things you didn’t do than the things you did.
Knowledge, wisdom and courage are light, fear is darkness
Ordinary people: overestimate what can be done in one year, underestimate what can be done in ten years