Why are some people trapped and working for money all their lives? And some people can realize wealth freedom early, choose to retire or do something they are interested in? For example, Li Xiaolai stopped working for money at the age of 32.

In fact, their essential differences are:

Ordinary people don't believe that they can get wealth and freedom. For them, wealth and freedom are just dreams. And successful people firmly believe that they can achieve wealth and freedom.

For example, Masayoshi Son founded Softbank at the age of 24, recruited three employees and gave them a meeting. He stood on the carton and said to everyone:

As a result, two of the employees were scared to resign on the spot. Later, at the age of 37, he became a $654.38 billion rich man, and those employees who left were still ordinary people.

Only those who firmly believe that wealth freedom can be realized in the future can finally realize wealth freedom.

This is inspired by Li Xiaolai's The Road to Wealth and Freedom.

Faith is 120% belief.

Li Xiaolai said: Why do you believe it 120%? To put it more figuratively, I mean-you have to believe that even if someone hits you and hits you 20%, you still 100% believe it.

On the way to achieve our goal, we will encounter numerous obstacles. First of all, you will encounter various problems that are constantly emerging. Secondly. Before there is no obvious result, there will be countless blows and puzzles. At this time, if you are not convinced of the goal. So ... it's easy for you to waver and retreat.

Since believing is so important, why can't most people believe it?

There is a good saying: you can fool the whole world, but you can't fool yourself.

If there is not enough evidence, our brains will not be sure what will happen.

A person believes that something can be done because he knows it very well, clearly sees that it is feasible in theory, and confirms that he is capable.

Therefore, if we can't clearly understand what wealth freedom is, or understand it, but there is no clear and feasible path to realize it, or the first two are clear, and we haven't seen examples of successful people who are equal to or inferior to ourselves, we can't be sure that we will be able to realize wealth freedom in the future.

Due to the habit of self-protection for many years, almost everyone knows what they don't want, but they are often vague about what they want. The problem is that a vague goal is difficult to achieve accurately.

For example, I want to get a happy marriage through reading. As a result, after many years, I read many books. Although the quality of daily marriage has improved, there will still be contradictions when encountering some things. This makes me very confused. Later, I found out that I never thought about what kind of happy marriage I wanted.

In fact, what I want is a happy marriage: husband and wife love each other without pain. In the past, because of the vague goal, I have been solving the first problem and ignoring the second one. After I defined my goal accurately, my marriage was really happy.

So, what is freedom of wealth?

Wikipedia says this:

As can be seen from this definition, to achieve wealth freedom, we need to do two things:

The first is to open source and increase the passive income generated by assets.

The second is to cut expenditure and reduce daily expenses.

Li Xiaolai said:

This sentence tells us that judging whether something is feasible, apart from clear goals and long-term efforts to achieve them, is whether the methodology is correct.

Let's look at the methodology of realizing wealth freedom: it is divided into two points: open source and throttling.

Open source:

To achieve wealth freedom, open source usually needs to go through three stages quickly:

First, sell your time once, improve your ability quickly, and continue to save money.

This is the stage of principal accumulation and capacity accumulation.

At this stage, raising income depends on two points:

1. Increase the transaction price every time.

2. Buy more time.

However, because buyers buy low and sell high, their energy is limited and their income has a ceiling. Therefore, what we can do at this stage is to use the platform to exercise ourselves seriously, constantly improve our skills, and save more principal while continuing to grow.

For example, simultaneous interpretation can gradually increase the transaction price by constantly improving its own ability. But the price is too high, so it's hard to mention it any more. Of course, it can also be used for more simultaneous interpretation, but time is limited and it is impossible to have too many times.

So the best way at this stage is to keep growing and saving to prepare for the next stage.

Second, sell many times at the same time and keep saving.

Everyone's time is limited, they can only sell once, and their income is limited. And if you sell it many times at the same time, the income will be greatly improved. If the products you produce in time are just needed, the income will be very large, and even wealth freedom will be realized.

For example, in 2003, Li Xiaolai, a writing teacher at New Oriental, began to write books in order to sell the same period of time for many times. It took him nine months to write "TOEFL Core Vocabulary 2 1 Day Breakthrough", which not only sold well in the market, but also sold for a long time, and sold countless times in those nine months. As a result, he achieved financial freedom a year later.

Therefore, when your ability is improved to a certain extent, you must have the awareness of developing just-needed products for customers (note that it must be just-needed) and sell them for many times at the same time. This will greatly shorten the time to realize wealth freedom.

At this time, if your time is used to learn other skills and build multi-dimensional competitiveness, then the number of sales will be more. For example, if you can write books, give speeches and consult, then you must be better.

When your savings reach a certain level, you can not only guarantee your daily expenses, but also have enough principal. Then, next, we can enter the third stage.

Third, buy other people's time, buy low and sell high.

Time is limited, but buying other people's time can break through the total amount of time. Few people can sell many times at the same time, but many people can buy other people's time.

For example, starting a business and investing means buying other people's time at a low price, creating products or services, and then selling them.

Many people buy other people's time, but few people succeed. Why? Because most people are unable to buy low and sell high.

So, how can we buy low and sell high? Then learn to judge what kind of products or services are of higher value. This requires us to judge the trend and avoid risks.

For example, why did Son invest in Yahoo, Alibaba and Didi? Because he will judge.

How did Masayoshi Son learn to judge? In his early years, he spent 1.5 years conducting market research in 40 industries, visiting all kinds of people, reading many books and materials, and working out ten-year estimated breakeven statement, balance sheet, capital turnover statement and organization chart respectively, and comparing the results with the inspection list to judge which ones are suitable for his lifelong career. These investigation reports are 34cm high and10m wide.

Whether starting a business or investing, there are ways. However, most people are used to going on the road without studying. Imagine how dangerous it is to drive directly on the road without learning to drive!

Based on the above three stages, we can easily find that:

The essence of the road to wealth freedom is the road to ability growth.

So, what is the growth process of ability?

The growth of ability is the result of our long-term use of spare time, concentration, learning the minimum knowledge of necessary skills, and then continuous practice, continuous improvement and continuous learning.

In this process, our ability will continue to improve. With the integration of all kinds of necessary knowledge and skills, the ability to create wealth will change from quantitative to qualitative like the following curve, and at the same time, you will realize wealth freedom.

After learning about open source, you may also think: What if you don't save or save less? What if there is an accident? What about buying a house and a car? This involves the problem of throttling.

Throttle:

To achieve wealth freedom, you must do the following five things:

1. Save money before you do anything.

Many people are used to saving the rest of their money. Due to the uncertainty of consumption, there may be only a small amount of savings every month. This will never achieve financial freedom.

When you have more income, you should use most of it for saving.

There is a saying in Rich Dad and Poor Dad:

You are absolutely right. People's consumption level will increase with the increase of income level. Therefore, people who do not intend to spend, no matter how high their income, will miss the freedom of wealth and even go to poverty.

For example, a professional athlete earns millions a year at the age of 24, but sleeps under a bridge at the age of 34.

The correct way is to use most of your income for saving before realizing wealth freedom, rather than using only a small part to improve your quality of life.

For example, after Li Xiaolai wrote his first book, his income increased rapidly. In order to control his desire to spend money, he deliberately cut the bank card used to collect the manuscript fee for this book and threw it away. As a result, after more than ten years, the manuscript fee of this book has been saved.

3. Buy insurance.

Buying necessary insurance can prevent unexpected large expenditures.

4. Avoid large consumption before realizing wealth freedom.

Large consumption will make you lose your principal, that is, the money you use to make money. This will make you farther and farther away from wealth and freedom. Therefore, before realizing the freedom of wealth, we should avoid buying a house, a car and other large consumption.

5. Never use the principal after realizing wealth freedom.

The premise of consumption is to ensure that consumption does not exceed the passive income of capital, that is, the principal will never be used. Otherwise, you will lose your wealth and freedom again.

For example, if you want to buy a house by stages, it depends on whether the accumulated passive income of funds is greater than the down payment, and whether the monthly passive income can be paid by stages.

If we can open source quickly and pay attention to saving money at the same time, then wealth freedom will definitely come.

There are too many people with wealth and freedom in the world, such as Buffett, Charlie Munger, Bill Gates, Masayoshi Son and Jack Ma ... Although they are also making progress step by step, you may say: I am too far away from them, and their achievements are just an example.

In fact, in today's developed Internet, as long as you pay attention to observation, you can always find examples of people around you who have succeeded or are succeeding.

For example, I like reading and writing, and I find that many young authors have achieved wealth freedom: Zhou Ling, author of Conscious Awakening, Zhao Jing, author of Efficient Reading, Li Xiaolai, author of this book, and so on.

In this internet age, which is mostly related to the world, you will find that many people have achieved or are achieving wealth freedom just like you or even worse than you.

Li Xiaolai said:

As long as there are clear goals and correct methodology, financial freedom will definitely come. Please believe this.

Yes, you won't see the result immediately, because that curve has a process of quantitative change.

Moreover, it is bound to encounter blows and incomprehension from others and even people around you, because most people lack foresight before the results come.

You are bound to encounter difficulties, because the road to wealth and freedom is made up of countless difficulties.

You are doomed to fail, because some pits need to be experienced by yourself.

However, please remember: you must realize wealth freedom, and it may be too early.

Therefore, you should act immediately, move forward bravely and wait patiently.