Seven Principles of investing in wealth

Seven Principles of investing in wealth

 

"Fools cannot keep track of money." The saying is that if you have money but do not know how to manage it, finance will slowly slide away.

There are seven principles for making money:

 

1. The rest after tax deduction and inflation is the real profit.

2. maximize the use of your assets and sacrifice your enjoyment to invest in projects with increased value. Wealthy people can certainly be extravagant, but those who are just pursuing wealth should not do so. They should try to avoid investing money in items because their value will decrease over time.

3. invest your money in a proper project. Be careful not to distribute the money. Put the eggs in a basket and then look at the basket. At the beginning, we should find a good investment, invest all our effort and money into it, and strive to become an expert in this investment. Even if it fails, we can also accumulate experience.

4. Those who pursue wealth will always be on the offensive, and will not be bent over the defensive trend.

5. The capital must be doubled as soon as possible.

6. Select a strong and stable investment. Investment that will make money must include two features: strong and stable. Effectively, it means that investment can grow rapidly, and reasonable use of lending methods can be considered as appropriate. Stability means that investment must continue to grow and the value is continuously rising.

7. tightly controlled. Do not give control to the principal or agent.

 

 

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