Puppy Money
Sweet Cone Theory
The money, material things are the outside edge of cones, which was the fundamental of your living and yourself. However, what really matters is the hole inside it, which is invisible but determines what kind of person we are and whether we could live a happy life. To solid the outside component, we need to acknowledge appropriate methods of manage our assets, while enrich the inside part, we need to cultivate nobal qualities and find our unique identity.
Dreambox and Success Diary
Visualize your dreams and put it in obvious place to remind and push you to work for them.
Self Confidence is the key factor towards success, since you could never set off working for your dreams if you have not convince yourself that you would whatever finally make it.
To better practice these two principles, we could set two rules in daily life:
a. 10 minutes rule: Leaving at least 10 minutes to do things that could make a difference for your future. Make it a habit to be conducted in a fixed time and space. Whenever you are going through smoothly or being stuck in a dilemma, your investment and imagination about your future should never be broken.
b. 72 hours rule: If you have determined to do something, finish it in 72 hours, or you would never do it again. This rule could help us to overcome procrastination and increase our productivity.
Creativity-oriented Mindset
Focus on what you know, what you own and what you could but things beyond the scope. Work could be enjoyable, as long as you utilize what you like to do to serve other people and earn money.
You may suffer unfair treatment in this process. At this time, you need to bear in mind that never let complains and anger limit what you could achieve.
Deposit allocation strategy
Put 50% to feed your 'goose' which would produce 'golden eggs' that you could live on. 40% of your profit could be saved into dream box, and the left 10% being the pocket money.
Investigation Strategy
Fund, the combination of over 20 funds, is a more safe and easy to operate choice compared to shares. The money that you would not expect to draw out in at lease five years could be used for purchasing the fund.
The 3 basic rule for choosing funds:
a. Over 10 years history
b. Large scale (divide the coverage)
c. Excellent feedback (Stable and not low profit)