<Seven years of becoming a millionaire: Practical tutorial for Europe's best-known wealthy coaches> Reading Notes

1. If optimism shows you the positive side of things, self-confidence also gives you confidence in dealing with the dark side.
2. Only the weak will shirk their responsibilities.
3. Take the question as an opportunity and ask myself: How can I create an environment so that this question will never reappear?
4. Ask the correct question
5. You, rather than anyone else, are responsible for your property accumulation over the past seven years.
6. Most people overestimate what they can do in a year, and underestimate what they can do in a decade.
7. Profound changes take place at five levels: behavior, technology, cultivation, world outlook and Self-awareness
8. You can also see risks in the opportunity or opportunities in the risk.
9. To create a miracle, you must be brave enough to take risks
10. Only 50% of the remaining amount is used for debt repayment, and the remaining 50% is saved.
11. If the employer pays you 8 hours, you may wish to work 10 hours.
12. Have the courage to take responsibility and make yourself the backbone, delegate rights to human rights, and take yourself out of transactional work.
13. It is only when you can live on interest that you are entitled to wealth and economic freedom.
14. Compound interest is only important to three factors: time, interest rate, and investment.
15. Three times higher interest rates and 30 times higher returns
16. Never put the money that may be needed in the short term into the stock market. 2-5 years must be set aside for investment, so that the rules of the stock market can play a role.
17. Buy at least 5 different stocks, but not more than 10
18. Profit and loss can be determined after stocks are sold
19. Profits come from rising stock prices and dividends
20. Crash free! You can take advantage of low prices
21. Do not follow the big stream
22. Decisive rational decision making to avoid emotional use
23. With existing capital investment, you cannot borrow money to enter the market
24. Stocks always beat currencies and will remain the same in the future
25. The gold solution strategy only considers the best quality stocks, and each industry only targets the leader
26. A conservative investor first waits for a low stock price. The stock price should be at least 10%-30% lower than the highest price. Even then, the investor can only invest 50% of the total capital for the first time.
27. Another important feature of the gold solution is to maintain a high reserve.
28. The stock price is more than 30% lower than the original price to allow the first replenishment
29. There should be a six-month interval from the first purchase to the completion of a low-price warehouse
30. Rest assured that your money will not collapse in the Fund
31. Suggestion on investing in stock funds
32. Ignore newspaper reports
33. There will always be troughs
34. Remember that it is summer after winter and winter after summer. If you have enough money, you can take advantage of the opportunity to eat a lot in winter.
35. Trust fund management company
36. Regular purchases, forget the best time
37. Investing in a rapidly growing market
38. Write down the reason for choosing a specific fund and determine the price target. As long as this goal has not been fulfilled, you should keep the Fund for at least five years and sell it if it is sufficient.
39. Do not forget to spread risks. At least three to five different funds are held.
40. The bullying of stock funds is roughly the same as that of stock markets, but it is generally more gentle.
41. In stock funds, inflation will help you: with the devaluation of the currency caused by inflation, the physical price will increase
42. Dealing with successful people makes it easy for you to succeed.

<Seven years of becoming a millionaire: Practical tutorial for Europe's best-known wealthy coaches> Reading Notes