How to think like Rich

How much will you earn per month in the next three years? Today, I will start by writing this down in the comments. Please write down how much you want to earn monthly in three years.

 

There is a reason why you need to write it down. The book's main character I introduce today is the guy who went bankrupt and achieved a hundred thousand per month within three years. He wrote it down: I would earn an income of at least 100,000 per month. Still, today, who's making a hundred thousand? What was the result? The book I will introduce today is Bodo Schaeffer's Leverage of Wealth.  The main character who wrote the 100,000 introduced earlier is Bodo Schaeffer. It took just two and a half years for him, who was broke, to earn a hundred thousand monthly.

 

Now, starting with Bodo Schafer’s money, Bodo Schafer has created several worldwide bestsellers and is one of the world's most famous success coaches. I am not saying we all can become rich by writing down a few words on paper. In Bodo Schafer's Noble, there are 15 rules to follow, and anyone with these 15 comments kept in mind will make at least a hundred thousand dollars per month in a short time. I will lay it down and reveal the secrets of those five commandments that impressed and touched me. Please Subscribe if you want to be financially wealthy. Also, like and follow up for more content. Let's start right away.

 The first commandment is to love what you do—love everything. The number one piece of cliché self-improvement advice is to do what you love. Oh, there it is again. You might think it's obvious but look closely. Bodo Schaeffer didn't say, "Do what you love, do what you love." He said, "Love everything you do."

The book says this: Just because you are doing something challenging to jump into with passion right away, you should not become a helpless victim of your work. Sometimes, you have much more power than you realize. It is you who decides everything. Determining your mindset and how to accomplish the task is up to you. It's excellent if your talents and interests are evident and you enjoy your work. That's perfect. But most people don't have such apparent aptitudes or interests. No matter how much you like doing a job, there are always things you don't want to do mixed in. Even a restaurant owner who likes cooking may have to manage employees, which can be a headache, and I, who enjoy creating content, sometimes have to deal with tax-related matters. If you're an office worker, there's nothing more to say.

 So Bodo Schafer doesn't say do what you love, but he says love what's in front of you. Because if you choose to love, you can enjoy it. You may be thinking, what nonsense?  You can see it right away by looking at your daily life. Everyone's daily life is the same, but you can tell the difference between when you are in a good mood and when you are in a bad mood. Work has not changed. However, when you are in a good mood, you feel relaxed. Even if you do hard work, it is not that hard. And Eight hours of your time flies away. Just being yourself is happy. but when I'm in a bad mood, I don't want to work even for a minute and every second, and I sigh, "Ah, when will it end?" Nothing has changed within the work, but the only difference is our attitude. You will have difficulty doing it if you think of it as work. If you do that, you will be unhappy. Not only will you be disappointed, but it will also significantly impact your performance. Everyone knows the difference between a restaurant doing well and a restaurant not doing well. When you enter a restaurant doing well,  the greetings are different, and all the employees are uniform. Dress appropriately and welcome. They greet each other properly, and you can feel the teamwork and energy. However, in restaurants that aren't doing well, the owner doesn't even come out and say hello, and their voice will always be weak in sound. Thank you for coming. But the people at restaurants who do well are all examples of geniuses in the servicing industry who enjoy serving or cooking.

Do you feel the same way? No, the answer is they all decided to work energetically and have fun while working. That choice becomes positive energy passed on to customers, so it is bound to continue to do well. If you actively choose to like the job, whatever you do, you will focus. If you concentrate, Work gets done faster, and the work itself improves. When you have to do a task, do your best every time; it usually won't take as much as you intended. You will soon find yourself enjoying the task itself. In general, work takes a long time because you don't want to work, so you don't concentrate, keep scrolling through your phone and opening emails, drink coffee and go to the bathroom for no reason. That doesn't work. If you focus, it ends quickly. Even if you didn't want to do it at first, it doesn't work. You have to choose to love what you do and focus on it to get the results. When you get results, you start to like your work more and more. I love everything you do.

You should indeed do what you love, but there are things you can do faster than that. The secret to self-development is to love what you are doing.

 Second,

 People who view their work as a game approach it efficiently. On the other hand, people who approach it too seriously act rigidly and ungracefully, ultimately leading to their loss and putting the brakes on their actions. Consider a work as an extension of Love. This work should be done as if it were a game. How do you play a game? You don't play it by putting on a suit and sitting upright with a severe expression. You lie down comfortably, almost as if you were hugging a game chair, and don't think seriously. I just freely play whatever comes to my mind. Even if I die once or score a goal in a game, I don't consistently worry about what to do next. I enjoy the moment being. I want the process, and even if I make a mistake, when I respawn, I must admit my losses and try other ways. We all have to enjoy the moment.  While working, you can create strategies and act with a superficial plane and flexible mind. Bodo Sheaffer says to work like a game because that's how you can be flexible. We work too rigidly. We sit in front of the monitor at our office desk and look at Excel charts or type with a severe expression. Of course, this concentration mode is also necessary to quickly do simple, everyday tasks. But we are talking about how to raise a high income. High income does not come from being good at Excel or WordPress. It comes from an idea. The idea of the iPhone is what created Apple—cell phones. Apple wasn't made by assembling things elaborately and organizing financial statements well. If you want to produce ideas well, approach them like a game. You don't try to plan everything perfectly before you act; if you fail, you get frustrated and give up. Even if it's an idea or action that looks difficult and seems a little crazy, creative idea come to mind when you try and enjoy it. Even if you don't necessarily want to come up with a crazy idea, we need to consider it a game and approach things lightly. Try it lightly, like playing a game. We did marketing like this, as if we could win by doing this, and the purchase conversion rate increased. Ah, this is not getting a good response from consumers. We need to take a light approach. Acting upon it like playing a game will increase our action. Doing things like playing a game can create creative ideas flexibly.

Third Commandment

Build Confidence: A person's success depends on how confident they are. As a result, your income is directly proportional to your confidence. It is up to you to judge the value of your achievements. If you think you deserve a raise,  If you do this, you must find an opportunity to increase your wages. At this time, you must be confident. The size is the size of success. The reason is the visible ability. In the book How to Show Your Ability, our ability is not evaluated objectively but subjectively. Isn't that true? Isn't it true if it's a simple manufacturing industry that evaluates itself based on how many pieces it makes in an hour? Who teaches better? Which store is friendlier? How can we objectively measure things like this with numbers? If the person receiving the service targets their tastes, that's what they're good at.  In a situation, the ability to appear capable is as important as the ability. And confidence determines that visible ability. So, it would be best if you increased your confidence. When the world asks, “Can you do this?” you have the ability, but you say "no" because you are humble.  I'm a little less capable but of course. I give a chance first to someone who says I'll try it. If you look confident, once the opportunity comes and you get it, you try to make the most of that opportunity, and then your skills improve, and when your skills improve, you say, "Oh, I'm excellent," and become confident.  This is what happens more. It's not that you are confident because you have abilities, but once you develop confidence, your abilities grow according to your confidence. So, how can you increase your confidence? Bodo Schaeffer says to keep a success diary. A success diary records the small successes you have achieved today.  I'm telling you to write it in your notebook before you finish. Even the smallest things are good. I greeted everyone I met brightly. I didn't over and exercised in moderation. I exercised for 30 minutes. Even small things like this are okay. Even small things others don't call success will help your eyes open only if you write them down.  Gradually, you focus on success rather than failure. As you focus on success, success becomes more and more visible, and as you accumulate success experiences, your confidence eventually increases. Increase your confidence. The size of your confidence determines the amount of income you can earn, which is the level of success. It is the size. The fourth commandment: Share help and joy. It is good to help those around you whenever you have the opportunity. The boss of the company you work for can quickly tell whether you are a person who cheers up the mood or brings it down. The bright mood of the employees will change the atmosphere. This is because it contributes to productivity. Some people make the team atmosphere lively and full of laughter. On the other hand, some people want to fight and raise their voices. 99% of people want to work lively and full of laughter, even though their abilities are slightly lower, so you will try to work with someone who creates a bright and positive atmosphere. Therefore, Bodo Schaeffer says to share help and joy. Ask if there is anything I can do for you, and ask, "What's the best for you today? You look so good." Ask the person who greets you first.  Is there anyone who doesn't like it? This kind of positive attitude will soon become that person's reputation. In addition, lowering the self-confidence mentioned earlier would be the icing on the cake. In the end, everything is done by people, and if possible, it is human nature to want to leave work to people who are happy to be with them. Create a positive atmosphere wherever you go by sharing help and joy. If you are an employee, your boss will want to work with you even if it means paying you more. If you are a boss, more business partners will choose you as a business partner.  Your odds will increase. If you build a positive reputation by helping and sharing joy, this reputation will turn into opportunities. More opportunities will eventually lead to higher income. The last commandment: Strive to be a big person. Don't get excited about small things. Everything doesn't mean much. You can understand the size of someone's spirit by looking at what they're excited about. The money a person makes is equal to the size of their vessel. The vessel of the rich. Develop your vessel through books on wealth, such as the properties of money. That's why I like it so much. People with small bowls tend to spend a lot of money without being able to contain it all. One good way to grow a bowl is not to get excited. There are people like that. Even at trivial things, they swear, raise their voices, and blush.  Those who lose temperature so fast aren't trustworthy. Think about it: if you ask a business partner to do something, they get red in the face and yell, "Oh, you can't do that, that's too much," and ask an employee, but the employee gets angry and says,

"Why should I do that?" Would you want to give them a chance? It's the same for everyone.  Staying calm and not getting excited by trivial things is the way to develop courage. In fact, among the many events or problems we experience, not many are essential enough to get excited and angry. At best, someone cuts in front of me while driving, or I receive a rude email.  I sent it, chewed it, didn't do what I was told to do, etc. It's just tiny things like that. Of course, since I'm human, I can be irritated and upset immediately. Still, I think that people with a lot of courage can quickly calm down their excitement and be calm—naturally, minor mistakes were made by people around me and co-workers. You can also embrace it and deal with it more gently. And this kind of gentle response once again raises your reputation. Just like helping and sharing joy, it is a way to become someone you want to work with. You must first grow up and become a big person to increase your income. So far, we have discussed the five commandments that create high income. I love everything you do. Play it like a game. Build confidence. Share help and joy. Strive to become a big person. How do you make sales while talking about high income? Marketing. There wasn't a piece of technical advice on selling something like this. Why is that so? In the end, attitude is everything. People do everything in the world. When investment companies invest in startups, they look at the marketability of the business item, but more than that, they look at the marketability of the business item. They say that qualifications and attitude are given the most weight because no matter what you do, a person with the right attitude will likely do well in anything. The title of the book introduced today is Wealth Leverage. However, loans are the most potent leverage that brings incredible wealth.  It's not about buying real estate or trading coins in stock futures. It's about investing in yourself. Remember, the asset we have with the highest potential return is ourselves. Remember the commandment to become an affluent person and grow your self-worth. Great wealth is bound to follow. Today, I sincerely support all of you who have grown one step further with me. It is said that the top 1% of the wealthiest people in the world have approximately outrun or equal to the other 99% of the wealth. With one million, you can't even buy a house with the money. Of course, the top 1% did not earn that by saving their salaries. The most considerable increase in real estate prices is probably the biggest thing. However, what is surprising is that not all people become wealthy through real estate investments. This means that some people in that position have an overwhelming amount of earned or business income. In fact, as of 2022, the average income of households in the top 1% of assets is over 2000 billion USD. In some ways, it seems natural, but what is not natural is that the rich only accumulate assets.  It's not that the income itself is often high. So how did those people increase their income and become rich? I'll tell you the secret today. The book I'm introducing today is Wealth Leverage. Refer to this book and work hard to save money and invest it. Rather than giving obvious advice, I will tell you how to become the top 1% richest by overwhelmingly increasing your income. If you are excited, please subscribe, like, and set an alarm to see more content. Let's get started right away. First, do something you can sell. Most of the wealthiest people on the planet have things they can sell. I work. What kind of work can I sell? Just think about it.

Can I sell the work I am doing to others?

Let's think about the job. Border Schaeffer says this: The meaning of owning a job often does not have much value. This is because office workers cannot sell their jobs. Moreover, when the moment comes when they are kicked out of their job, the idea that they have had a stable job all this time is shattered. Whether you work for Samsung or Apple, if you say that you are the one who will work in the same position, Can you sell it? Can't you sell it? Boss, I sold my job to this friend. If you tell me that this friend will start working tomorrow, you will call me crazy. Not only can we not sell our jobs, but the salary we can receive while working is limited. Civil servants  This is a representative example. Excluding the wage increase due to the inflation rate, the salary that can be received for life is calculated in an Excel table. The money that can be obtained is fixed and cannot be sold. So, of course, there are no rich people who only bring their salary. Self-employed people. It's not much different. About 90% of self-employed people say they're selling their store. At best, they only charge a small fee for facility and management fees. That's only when things are going well, and business is going well. You must often pay a demolition fee or money to hand over the store.  You can sell it. You can buy Samsung Electronics and Apple, too. You can buy it. When you buy and sell a company like this, the concept of PR comes in. In the stock market, a per of 10 means that the market capitalization of this company is ten times the profit the company earns. In other words, if you want to buy this company, you must buy it at a premium that calculates how much it will make over the next ten years. Being able to sell it means everything. It doesn't just mean handing over the store; it reflects future profits and makes money now.  It would be best if you did something that can be sold for 5 to 10 times the price.

Why do some CEOs refuse to receive a little rights fee, but some can sell their companies for more than ten times the price? There's only one reason. It is a system. Unless an autonomous corporate system is established, there is no freedom of corporate capital. Entrepreneurs who cannot develop a system have no choice but to fill in the gaps with their labour. No matter how well the company makes money, it will all stop if the boss does not work.  A successful company is not recognized for its future value. People who buy a company are investors. Investors do not buy a company to work for themselves. They want to own the company if it runs well and makes money. That is why they are willing to pay more. You are buying a company that runs without you. However, one person is not enough to run the company. This is not buying a company. It is buying a bomb. Then, what we need to do to make a lot of money is simple. We have to create a system that runs without me. This must be Samsung Electronics, Apple, etc. This doesn't mean you have to make a large company like this. Let's take the restaurant business as an example. A restaurant like this cannot be sold because the owner always cooks in the kitchen, and no one tells him the cooking secrets. But the recipes have been wholly manualized. It has become a franchise and has several branches. Even if one branch fails, they make a lot of money. A company like this sells, of course. One person cannot run a YouTube channel like mine. I am not talking about my channel, but channels led by one person who has become an icon do not sell well. Shuka World: The same goes for all large channels. So, I am also preparing to do something that can sell my next business.

However, like the Knowledge Inside channel, the channel owner does not appear and returns to the format of an interview with an expert. It doesn't matter whether you are the channel owner or the number of views. It will sell if you create a system in which content planning is run by the writer and producer rather than the channel owner alone. Remember the lesson of doing something that can be sold, no matter your work. If you can change your work into something that can be sold, how can you change it?  You must find something to sell as a side job if you can't do that. This is the secret to overcoming the limitations of your salary and earning a high income.

Second, differentiate yourself. What would it be if you were to explain why we can't make a lot of money in one world? Grant Cardo, the author of the 10X Rule, answered with no name. If you worked hard and didn't get lazy in a particular field, you would have some skill level. But your competitors would probably also have similar skills. In this situation, who has the finer points?  Whether your skills are good or bad, this doesn't mean much. It's just a fight about who is more famous and more noticeable. How many cafes are better than Starbucks? But that's not important. Starbucks is more famous. There are more Starbucks stores, so it's also noticeable. It stands out. That's where the game ends. In other words, what we need to increase our income overwhelmingly is not overwhelming skill. Skill is the most important thing, and that only applies to athletes. So what do we need? It's to stand out. It stands out.  What is the way to do this? It is differentiation. The basic principle that applies to all occupations is the same. Find a way to differentiate yourself from others. If you do what everyone else does, your value is no different from countless grains of sand scattered in the desert. No matter how much you have, the best grains of sand. In the end, it's just a grain of sand, no matter how pretty it is. No matter how pretty, a grain of sand is just a grain of sand. To make an overwhelming income, you must be a pearl in the sand, not a grain of sand. The way to do that is differentiation. Differentiating means finding a blue ocean that no one does. No, it occasionally becomes a massive hit in blue oceans. However, the meaning of the blue ocean implies that few people are looking for it. If this becomes popular one day and the blue ocean grows, it could become a big hit, but no one is looking for it until the end.  This means that it can disappear into an unpopular field. On the contrary, most success comes from a red ocean. There is a reason why a field becomes a red ocean. It means that people like it that much and flock to it. Above all, it means a lot of money is in the market.  It is easier to make 10 billion USD in a 100 trillion dollar market than 1 billion USD from being first in a 1 billion market. Differentiating means adding just one thing that is different in a red ocean market. The red ocean market is too big.  You cannot satisfy all your customers even if you are the number one company. There will always be a gap. You have to make a difference by exploiting that gap.

For example, if you want to open a cafe, most of you should look at Starbucks, the number one cafe, and follow it. You have to follow everything, such as how the clerks serve customers and the cleanliness of the store. There is just one thing to make a difference. Starbucks is all good, but it isn't quiet because there are many people, so I think people who want to read a book for self-improvement quietly will look for a different place. It is possible. This is how Jacheong created the Book Cafe of Desire. I have been there too, and it is good. If you are looking for self-development, you should go there at least once. It is an optimized space for reading books, which becomes an attractive point.  Promoting that point of differentiation well through marketing would be necessary, but the same goes for YouTube. There are so many book review channels. But why are you watching my channel right now? Many people point out my delivery skills as the reason. But why do my videos look like calendars? I don't just summarize the book's contents, but I also add my sincere thoughts, impressions, and applications. And since it's something I genuinely think is good, I'm trying to convey it clearly and with more confidence so you can feel confident. So, I'm reviewing the book like everyone else does. It's differentiating while doing it. Remember, we don't need additional skills; we need to stand out. To stand out, you have to determine. You don't have to try to improve too many things or grandiose things. Do the same thing but do one thing differently, and that's it.  It becomes a weapon that distinguishes me from countless competitors in the red ocean. Change the last rule. Don't be fooled by the saying that there are laws in the world that never change. People create all rules. In other words, all rules can change depending on the person, and you are the rule. There is no objective measure of the value of the work you do. Your value is always subjective. Most of us think that the money we can earn, especially our salary, is fixed, but it is not. There are many. The government sets the annual salary of civil servants, and the salary table of companies is also set to some extent by the government.

However, except for civil servants, the rules can be changed as much as you like. The company's internal regulations are not laws. In other words, they can change their income.  If you want to raise your salary, you should not get paid according to the company's rules, but as you want to get paid. You have to abide by the company's rules. Hey, what kind of American are you? How is that possible in our country? It is possible. Recently, the Ryujins series is coming out on the Draw & Duryu channel, with the stage name Dean in it. This is the story of Min-Jun Kim, a young start-up active in the industry. At the age of 22, Min-Jun Kim sold the brand he founded to Daewoong Pharmaceutical and, at the same time, became an employee of Daewoong Pharmaceutical. At the same time, he negotiated his salary, and the starting salary was around 30 million won.  They say I asked for the salary of three people because I would be working for three people, and I received that salary. Of course, this is an extreme case. It differs from general recruitment because I was promoted to team leader after selling the company. However, even at a relatively sizeable mid-sized company like Daewoong Pharmaceutical, it is essential to note that exceptions such as this that ignore the table may occur. It is not much different from other companies. Even if it is not an extreme case of raising the salary by 3 or 4 times, it is possible to increase the salary beyond the salary table. Large companies often match the salary the other person requests regardless of seniority when looking for and recruiting the talent they need instead of open recruitment. This is especially true in small and medium-sized businesses. For example, if someone comes and confidently says I will make two acquaintances, the salary is 1.5. If you say, “Just give me the boat,” will the boss hate it? Of course, there will be a lot of people who won’t like it. It’s not wild. Some might say get out of the way, but some bosses will say, Look at this guy; what is he doing?” and want to watch a little more. I’ve watched him, and he’s good at his job. You can raise your salary. Even if you don't do the work of two or three people, you'll think it's okay to be above average. To increase income through negotiation like this, you should work directly rather than through open recruitment, where hiring conditions and work are set.

In his book, Schaeffer says to go to companies that are not hiring and ask if there is anything I can do for them. Instead, I will give this company some value and increase sales by a certain amount.  The idea is to make an offer in an equal relationship like this. Of course, in most cases, you will be rejected, and you will be called crazy. But unless you are lying and have no skills, someone will respond to the offer if you can provide that kind of value to the company.  We'll give you a high price, Bodoschafer says, because entrepreneurs are always hungry for confident and capable people. This strategy is effective because proposing itself makes a person look more capable.

 

Think about it.

 Every day, the boss raises my salary by a certain amount or gives me some work. This is our life. If you only look at employees like this and say, “Please give me more money,” someone comes and says, “Please give me more money.” I am overflowing with confidence. When I am overflowing with confidence, I look more capable. I emphasized that our abilities are not evaluated objectively. This is especially true in occupations that work with ideas.

 Then, our abilities only become competent if we think the other person has abilities. People will become stronger if we make bold suggestions without being bound by the rules.  You look more confident, which makes you look more capable. You look more capable so that you can earn a higher income. Change the rules. Most of the regulations in the world are not natural. They can change at any time. To increase your income, you don't have to follow the rules; you have to follow them.  We need to change and create. The rich people who earn hundreds of millions of dollars a year are not born with a silver spoon in their mouth or because they are overflowing with talent. In such cases, they are athletes and celebrities. In the rest of the cases, they just became rich because they practiced a different method than the rest of us.

 Today, I told you the methods.

Do something that can be sold. In capitalism, the only way to be recognized as overwhelmingly valuable is to do something that can be sold. If you create and sell a system that runs without a boss, you will earn the money you are making now and the future value.  You can sell it with recognition. Even if you create and sell a system or a company, the tax rate is much lower than the earned income tax. You only have to pay 20%. You can make overwhelming money by creating and selling a system like this. Differentiate yourself. What we need is not expertise. It is different. It is different. Think about ways to differentiate yourself. Find the one thing that will make you stand out in the red ocean. Change the rules. All rules can change at any time. You should not receive a salary set by the salary table and company to increase your income. Create your own rules. You can make overwhelming profits when you propose new rules. Today, I sincerely support you as you step closer to financial freedom with Book Talk. Let's say money is your middle finger, and someone sticks that finger out with a hammer. Would Taeyeon say, "You're okay; you only hurt one finger, but you still have four fingers," or would you rather focus all your attention on that one injured finger? How important is money to you? Many people say that money isn't everything in life. That's right, but   Just as when your finger gets hurt, all your attention goes to that finger, money is powerful enough to ruin all other areas of your life. So, you need to have enough money to protect and nurture other areas of your life, such as your health, relationships, and meaning. A lot of money means money that can sustain your life even if you can't work. In big terms, it means enough money to enjoy the important things that make you happy. Who doesn't do it because they don't know? It's because they don't know how to do it. That's why I prepared it. You can learn how to achieve your goal accurately as quickly as possible from someone who has already achieved that goal. Bode Schaeffer, a legendary investor and the world's best mental coach who achieved financial freedom at 30, teaches you the mindset method needed to become rich through his legendary book Money. Bode Schaeffer's Rich in Money Let's talk about the three secrets of creating financial freedom. Then, let's start with Schaeffer's Money, an information center leading to economic freedom. First, take responsibility. It is impossible to accumulate wealth if you do not recognize that all responsibility always lies with yourself. The responsibility lies with the country's surrounding conditions. The first secret to becoming rich is to have the attitude that all responsibility lies with you, not with your spouse's education, health, or financial situation. We are truly self-absorbed beings, so when things go well When things go wrong, I blame others. When the stock market was soaring, I thought I was the god of stocks, but when it crashed, it was like the Russian-Ukraine war, the semiconductor cycle, the interest rate hike, and all kinds of explanations. Bodo Schaeffer says it's all your fault. Hey, then, is the war in Russia because of me? I didn't fight; I just worked, but the price increased. Why is this my responsibility? That's right. There are many things in the world that we can't help with our abilities. However, we can't say we are not responsible for the current reality.  You are not responsible for every incident, but you are always responsible for how you interpret and respond to the incident. No matter how optimistic or pessimistic the situation is, it is up to you to decide how to accept and respond to it. The current stock and real estate crash market.  We cannot reverse it. However, we can sell it ignorantly in frustration of a black swan or use it to reorganize our portfolio by selling high-risk assets among our assets and purchasing high-quality assets at low prices. After all, investing is risky. You can squander the money you have on consumption or use it as an opportunity to study in advance what assets to purchase if a real economic crisis comes. As such, in all situations, responsibility lies with ourselves. Time If we pass on responsibility to the country, this is life.  It's like handing over the steering wheel to someone else. We can take responsibility for and change more parts of our lives than we think. We can even change our luck. After COVID-19, many rich people have been born in the stock, real estate, and coin markets. And many people look at them and say, "You're lucky."  That's right, I said, but this luck is the result of their creation, not anyone else's. To buy an asset when it plummets, you must have sufficient funds regularly, and you must have the ability to recognize that this is an opportunity quickly without missing the short bottom period.  You have to make an investment decision. In other words, the preparation process, such as regular savings and investment study, made your luck. So, take on all the responsibility for money. Take on responsibility and create your future. The reason why I am not able to save money now and because I lack investment skills is because of the last investment rule.  It's all my responsibility that I missed out on. It's painful at first to take responsibility, but if you have the mindset to make all the changes, you can make efforts for growth.

 And when you keep trying, even luck becomes yours. When you take on responsibility, changes occur. If you want to be rich, take responsibility. The best way to prepare for the future is to

create the future. Second, be temperate. One day, Bod Schafer went to have coffee with his guardian. Suddenly, the guardian started pouring coffee on the floor. Bodo Scheaffer was startled.  The Guardian said: This coffee is your talent spilled on the floor for no use. No matter how high-quality the coffee is, it isn't very worthy without a cup. Without self-control, your talent is worthless. The second secret to becoming rich is self-control.  Moderation is a prerequisite for success not only in money but also in all areas of life. To achieve your goals in all areas of study, exercise, and human relations, you need discipline to refrain from actions that prevent you from achieving your goals.

However, since this is a video about money, let's only talk about moderation related to money. I will do it. Regarding money, the part that requires the most moderation is savings. No one can become rich just by making a lot of money. You can only become wealthy by holding on to cash. No matter how much money you make, you are not wealthy if you do not save. You are just a high earner.  Robert Kiyosaki If you borrow time, you are only rich according to your income statement. A wealthy person has accumulated assets through savings and can live only with the cash flow from those assets. But is there anyone who doesn't know that saving is good? We all know saving is good, but why can't we save money?

Bodo Scheaffer suggests a concrete action plan for saving. The method is to treat savings as a salary to yourself. No matter how financially tricky a company is, it must pay its employees salaries. Buy and invest in company products.  If you don't pay wages, the company will go bankrupt instantly. The same goes for savings. We often spend as much as possible and save what's left over. However, to save correctly, you must pay yourself a certain monthly amount, just like the company pays its employees' salaries. Put it into savings first.  If you put money in and only spend the remaining amount, you have no choice but to save even if you don't want to. On the other hand, if you think about spending it sparingly, unavoidable things keep popping up and eating away at your savings. It's similar to saving, but another field requires greater self-control. It's light. Of course, bidets also have excellent and sinister shades. A good brush is a small and lousy debt incurred to purchase an asset that generates additional income beyond interest. Bozo Schaeffer says that taking on debt for consumption is foolish and foolish, more than you think.  So many people take on debt for consumption—an obsession beyond what is necessary. If you take on debt to buy clothes, etc., it will show up when you buy things, and you will continue to take on more significant debt due to excessive maintenance costs. No rich person struggles to repay loans. To become rich, you have to repay debt. To do that, you still need to be disciplined. Bodo Schafer suggests concrete action plans for paying it forward: record all your expenses, tear up your credit cards, find new sources of income, etc. But there is a principle that is more important than these measures: 50/50.  It's a principle. This principle means that when your income comes in, only 50% is used to pay off debt, and 50% is saved separately. I said earlier that you should pay off debt, but that's right. But it's significant if you have 100 million USD in debt and can pay it off at 1 million USD monthly. It takes over 100 months and eight years to wind it up. How many investment opportunities pass by in 8 years? As mentioned earlier in the principle of taking responsibility, luck comes to those who have cash and act quickly when an opportunity arises. If you only struggle to wind up hefty, You won't have any chance in 8 years. If you save up a little bit of cash, you can increase your profits when the opportunity arises, and as a result, you can pay it off faster and improve your investment skills so that you can get closer to financial freedom faster. Just paying off your debt is self-discipline.  This is necessary, but in the meantime, you need tremendous self-control to save money. In some ways, you have to endure a frustrating and routine life, such as holding back on the spending you want to do and setting a budget and lifestyle pattern. However, when we exercise self-control and achieve our goals, we become truly capable of achieving our goals.  You can enjoy freedom. Be disciplined. Freedom means the ability to restrain yourself to realize what you plan. Thirdly, increase your income. Many people think this way. Is it true that my salary is too low compared to the humiliation? Your income is yours.  It's almost exactly how much you contribute to the economic market. The financial market neither hates you nor loves you. It just pays you what you're worth. Some say prices are rising, and your kids need money to attend college.  That's why we need a raise. Reporter Schaeffer says this: Money and opportunity do not answer need, but ability. Supply does not increase just because you need it. This is a heavy factual assault. The world does not give us money just because we need it. We are paid exactly as much as we contribute to the world. Of course, the company is like a family, so if it exploits its employees and makes the boss rich, he will have to escape. The point is that the market provides a salary equal to my value. So, if I want to raise my salary, I can raise my value. The salary is not increased, but you earn a high wage yourself.

Border Schaeffer says it is up to you to use your earnings. If you do the work, the company sets out in a set way; you will only receive the salary set by the company. However, you will achieve results that exceed the company's expectations. If you try to collect money and create additional income other than salary, you can further increase your value. However,  ​​increasing your value is too abstract, so Bodo Schaefer introduces the maximum profit formula in his book. This formula is based on qualities, energy, awareness, self-same, ideas, and total. It consists of 5 items. Qualifications ask whether you have expert knowledge and abilities compared to the best in the field. Energy is the energy you can or are currently putting into your actions. It is your love for your job. Prevalence is how many people you can attract with your services or how well-known you are. Self-worth is your self-confidence or the belief that you are unique. Ideas are your ideas.  It refers to the degree to which you have an open mind toward new things. When a good idea comes to mind, it relates to the degree of practical ability to put it into practice immediately. Qualities, Energy, Awareness, Ideas like yourself. Evaluate these five items with a minimum of 1 and a maximum of 10. Let's assume that you are a typical office worker. Assuming it's average, 5 points. Assuming you still have a lot of passion, 7 points. Ordinary office workers can't have high recognition, so 3 points. They have high self-esteem, so 8 points. They're creative and have good execution skills. Let's assume 7 points for ideas. Now, multiply all these scores and add 500.  If you multiply by, you will get the maximum income you can earn in a month. For the office worker, for example, if you do five times 7 times 3,  The only thing is that awareness is out of 100. Let's assume that the average office worker in the example has all the same abilities, but his awareness has risen to 30 by running a YouTube channel or writing a book. Then, the maximum profit is now 29.4 million won, not 2.94 million won. Here's the key secret to increasing your income: raise awareness. Bozo Schaeffer says: Spend more time promoting yourself and your products to the market and growing awareness. Do whatever it takes to promote yourself. Never forget. Competent professionals and good information are everywhere these days. Just being qualified isn't enough. Other people need to know it. It's up to you to make it happen. We live in an era where awareness means money. Skills are essential, but you can get results with a specific skill level.  What determines it is awareness. You can see it by looking at YouTube creators who earn hundreds of millions of dollars. Teacher

 

Kiwoo, a YouTuber with 1.3 million people, is a hairdresser. It's not accurate information, but he

He has 1.3 million channels so that he might be the most profitable hairdresser in Korea. But this person is the one with the best hairdressing skills in Korea? Of course, she has excellent skills, but when looking purely at her skills, it would be difficult to say that she is number one. There must be someone out there who is better at perming than this person, and there must be someone better at cutting hair in other fields.  Likewise, many teachers nationwide are better at teaching than star instructors. Many people are better at cooking than teacher Baek Jong-won. Nevertheless, the reason why they make more money than others is because of their recognition. Therefore, to increase your income, you must also raise your awareness. This is a must-see on YouTube. I'm not saying you should become a social media star, but if you have a specific skill level in any field, there are many ways to raise awareness, such as lecturing or writing about your field of study. Even if you think nothing will change at first, if you work hard to make your name known, you will eventually. The number of people looking for me is increasing. Remember, the most important thing among ideas like energy awareness and self-awareness is awareness. If you raise awareness, your income will increase. If you increase your income, you can get closer to economic freedom more quickly. Like it or not, as long as we live in a capitalist society, we will live forever.  You have to deal with money; the sooner you conquer cash, the more you can enjoy in life. Take responsibility. Find the cause of all economic phenomena within yourself and try to improve your situation. Be disciplined. Save money, pay back the light, and achieve your desired freedom.  Increase your income. Build awareness and move towards financial independence at a faster rate. Bode Schafer's Money is a book about money, but it focuses more on the mindset that can be applied to all aspects of life.

 

First published in German in 1998

 It is an old book published, but it is a great book that provides ideas that are still applicable even today. There are some regrets. The book was not written very kindly. It is also disappointing that it seems to be a collection of fragments rather than a well-structured book. However, the wisdom contained in the book is still there.  Wow, this insight is genuinely something you need to know regardless of the era, especially in these times of economic crisis. I sincerely recommend the book to subscribers who will conquer money and enjoy complete freedom. YouTube is overflowing with content on how to become rich. We introduced a lot of such books, but these kinds of content often lack specificity. They are good content, such as the law of attraction or writing and reading your goals 100 times, but they usually seem like a bit of a catchphrase. After watching those book videos, you will learn hard. My heart heats up thinking that I must live and become rich, but I don't know what to do or how to do it. If you are ignorant, you may be brave and have passion, but accidents are bound to happen if you lack knowledge. So, I prepared this video. This video shows you the three steps to achieve financial freedom.  Let me introduce you to the formula. This 3-step formula is the content contained in Bodo Schaefer's money, which was introduced in the previous video on achieving financial freedom according to the world's best. If the last video covered the general principles of becoming rich, today's video is about economic freedom that can be implemented immediately.  This is a video that presents a roadmap. Then, let's start with Schaeffer's Money, a natural and realistic way to become rich that poor people do not know. Financial freedom can be achieved through the following 3-step process. Step

 

1: First,

prepare an economic airbag.

Step 2:

Secure economic stability.  Enjoy Financial Freedom in  3 Steps. Bodo Schaefer explains each step and provides a specific formula for calculating the money needed for each step. Let's look at each step in detail.

Step 1 First, prepare a financial airbag. If your income suddenly stops,  Suppose the people who borrowed money from you do not repay the cash on time, or if you suddenly lose your job or get sick, how long can you live in that situation? Write down the minimum amount of money you must spend even in a crisis. Let's say you get sick and have to quit your job. How long will it take to get healthy again and find a new job you like? An economic airbag is the minimum amount of money needed to overcome a crisis when it occurs. The formula for calculating an economic airbag is the minimum cost multiplied by the time it takes to find the next job. Let's assume an ordinary office worker, A, repays 1.2 million won per month in principal and interest on a home mortgage and spends 300,000 won per month on vehicle maintenance, including fuel and insurance costs. Other insurance premiums are 100,000 won, food expenses are 500,000 won, apartment maintenance fees are 200,000 won for utility bills such as gas, and communication expenses are 200,000 won for family events and condolences. If you add it all up, the minimum monthly cost for AC is 2.5 million won. In addition, the occupation where A is 2 is an occupation that recruits electrical workers.  Let's assume that finding a new job can take up to 12 months. Then, AC's economic airbag is 2.5 million won times 30 million won for 12 months. Bodo Schaeffer says that the first step to financial freedom is to create this economic airbag, even if no crisis occurs for a long time.  You can only have peace of mind if you have enough money. Everyone has a desire to be protected. No matter how courageous a person is, they can do their job easily only if they have a strong background. The path to financial freedom inevitably involves risks. So,  ​​securing an economic airbag may seem far from the way to become rich.

 

But what are the chances of success when you first try investing or running a business? 80% of people who invest in stocks lose money. 75% of self-employed people lose money.  I will close my business within five years. No matter what challenge you take to become rich, you can expect that about 10% will fail. That is why we need an economic airbag. No matter how capable I am, I will inevitably fail if a major crisis like COVID-19 comes. However, if there is an economic airbag, it will be a crisis.  You can dream of leaping forward. Additionally, economic airbags provide psychological stability. When people are pushed to their limits, they lose their rationality. If you do business or invest with the mindset that if something goes wrong, you will go bankrupt, you will focus on short-term profits and make bad decisions in the long term.  It is easy to make a decision. Therefore, an economical airbag is essential for making wise decisions. However, it may seem like a small amount because it is an economical airbag, but 30 million won is not a small amount. So, how should we save this money?

First, Board Schafer says to make a budget. Many people say you can't save money because you spend everything you need and save what's left. Or, more accurately, you don't even know where and how much you're spending your money. How much did you spend on food last month? How much did you pay? Since you don't set a budget for each item, this is the amount.  Spending little by little, saying it's okay, is eating up my savings. So, to secure an economic airbag, you must write a budget to control your spending and figure out where your money is leaking.

 Also, Board Schaeffer said they should use safe investment methods to create an economic airbag. They tell you to save money in ways you will never lose, even if the returns are low, such as deposits, savings, and insurance. These methods are safe but have low returns. You may feel that you are losing money in terms of returns. However, safety from the beginning is the most important thing at this stage.  If you use a high-return investment method, it is not a problem whether you make a profit, but it is a problem. If you profit, everyone becomes greedy to do a little more. You can see money being copied. What is the difference between airbags and naked feet? Then, you forget the principle that safety comes first, and you keep taking more significant risks. If you fail, you will not be able to get back up again. If there is no profit, the completion of the airbag will be delayed, which is a problem. How much economical airbag do you need? Build an airbag for a crisis by setting a budget and controlling spending. Please do it. The starting point to economic freedom is not to fail.

Step 2: Secure economic stability. If you secure economic airbags, you can survive even during a crisis. But will there be any difference in our lives because of economic airbags? Economic airbags are the minimum level of safety.  It's just a device. Economical airbags are only a minimum safety device and have a critical weakness. In an emergency, you must spend the money you've saved. Then, the crisis can be overcome, but the money will disappear. To provide a reliable safety device, you only need interest.  We need to save up enough money to survive. Economic airbags are just safety devices. They can protect us from accidents, but we must rebuild them once used. So, the next step to financial freedom is to make permanent airbags. Reportedly, Schaeffer said, This is called economic stability. Economic stability means the state of being able to live only on interest without forgetting the principal. So, how much do you need to achieve economic stability? The S&P 500 index's average annual rate of return over 40 years is 8%. It is possible to live on only 8% interest. The amount can be calculated by multiplying the earlier minimum cost by 150. In the case of office worker A in the example above, 3 million won multiplied by 150 is 450 million won. As long as he has 450 million won, Mr. A will have no problem making a living even if he quits his job immediately.

However, economic stability cannot be quickly accumulated through deposits alone, like an economic airbag. So, another investment method is needed. Bodo Schaefer introduces the 40 40 20 investment method for financial stability. Still, keep 40% of your owned capital in a safe place and 40%.  Invest with a little bit of risk reduced. Now, invest the remaining 20% aggressively. 40% in safe deposit assets, 40% in stable investment products with long-term upward trends, such as listed stock funds and real estate, and 20% in high-yield products. However, the 20% who seek profits also refer to places where they can invest money in the long term rather than speculative products or places that carry too much risk. Investments in well-located land and startups with excellent future growth potential are suitable but do not have a deadline like derivatives.  Investments that are fixed or that may result in a loss of more than the principal should be avoided. The hundreds of millions of dollars needed for economic stability is not as much money as you might hear from today's rich people. Still, it is a significant amount that is difficult to recover if you lose it all.

So even step 2 is essential.

It's safe. Even though it may take a little time, if you steadily save money for financial stability, you

can use all the money you earn for incredible wealth. You can only build a tall tower on a foundation-like framework. You can become a truly wealthy person with economic airbags and stability.  You can start the game.

Stage 3: Enjoy financial freedom. Stage 2: Economic stability alone can be said to have achieved economic freedom in a narrow sense. However, the standard for economic stability was the minimum amount of money needed. Anyone who can be satisfied with the minimum is okay, but for most people,  People want more. They want a nice house and a car to go on trips and to give to their parents and family. Excessive greed can be a problem, but wanting more is natural. Now, let's pursue our dreams.  Let's calculate how much money you need to achieve it. Bodoschafer says: First, list all the things you wish for. Write them down without thinking about the ordeal of your wishes. First, check what your dream is and find out how much it will cost.  Once you have everything written down, write down roughly how much it will cost to get it. However, since you should never kill a goose, you should purchase anything that costs a lot of money in installments. In this case, calculate how much the monthly installment amount will be. To simplify the calculation,   the installment plan for real estate is 120 minutes, and the other things are 59 minutes. Mr. A, an office worker, wants to live in an apartment with a view of the Han River in Gangnam. Based on Banpo Acro River Park, the most expensive apartment in Korea, I will assume it is approximately 4 billion won. If it is 120 minutes, it is 3.33 million won per month. Car  A Genesis class foreign car costs 200 million won or 59 naira, which is 400 a month. I want to go overseas once or twice a year, so 20 million won yearly for travel expenses, 1.67 million won a month, 1 million won for exercise and leisure, and my parents' allowance.  Let's assume that child support is 1 million won per month, child support is 2 million won per month, and other consumption is about 2 million won. Then, for Mr. A's dream life, he needs 45 million won per month. Of course, this money should be settled only with interest without forgetting the principal. Then, Mr. A, an office worker, needs to fulfill his dream.  The money is 45 million won multiplied by 150.675 billion won. Economic airbags are calculated using only the minimum cost of living. Much money is needed that cannot be compared to economic safety. Therefore, a different investment method is needed. Bodo Schaeffer said you can take a bigger adventure if you have financial stability.  They tell you to take the plunge. They say to find an investment product that provides at least 20% to 30% of return. You can use investment methods such as private equity startup investment, real estate development business, leveraged products, or starting your own business. Of course, the greater the profit, the greater the risk. Therefore, the important thing at this stage is to invest while maintaining the economic stability you have secured in advance. If economic stability is maintained, even if you fail, you can try again. Even if you fail to invest once or twice, other investments' profits can sufficiently compensate for the losses. Until you win.  If you can take on the challenge, there is no game you can't win. For true economic freedom, bigger goals on the foundation of economic stability are endlessly challenged. To achieve financial freedom, you must go through a three-step process. Prepare for a crisis by creating an economic airbag and achieve economic stability.  It would be best to create assets that allow you to live without working and achieve great wealth through bigger adventures. The important thing is that all of these processes must be done sequentially. First, you must fill the economic airbags and invest for economic stability. Even after achieving stability, when money is overflowing, you must take risks for financial freedom. The first rule of success is not to fail. Many people take excessive risks in the rush of success and profit. However, no matter how well their investments or businesses are at one moment,  Even if you do if you slip without economic airbag stability, you will never be able to get up again. Rich people who have built up wealth over a long period know the importance of these three steps and always maintain a minimum economic base. However, those who get rich overnight think that success will last forever.  They tend to be overly greedy and slip endlessly. The secret to making a wealthy person is not to make much money quickly. It is to grow by taking each of the three steps to financial freedom. Once again, Bojo Schaeffer's money is given to all subscribers who want to achieve financial stability and freedom.  I highly recommend it. I have previously uploaded a video introducing my three life books. Today, I am adding this book to that list. To be good at exercising, you must learn from a skilled coach. To be good at investing, you must learn from a rich person. In other words, if you want to learn something, you must learn from a rich person.  You have to learn from people. Those who teach others and are not good at fraud are scammers. Of course, you want to learn from people who are good at it. So, if you want to be successful, you have to learn from successful people. However, the problem is that there are too many successful people worldwide, and it is difficult to meet them in person.  We have no choice but to learn indirectly through the books they wrote. However, there are too many such books. Of course, it is best to read them all and learn directly, but reading only books is not a solution, and there is not enough time to read all of them. The best [music] for us.  The annual salary is around $30,000. Is this possible? The billionaire answered. Does it feel unrealistic? To be honest, it is. Then the billionaire calmly said, Of course, if you want to change the reality you are in now, you will need unrealistic goals and plans. Life doesn't change much unless you make drastic changes. Do you want to become rich someday? To do that, you must think like a rich person and act like a rich person. If you want to live as best as possible, there is no need to come to me. Zhuangzi took the young man to the garden. In the garden, many huge pumpkins were growing in abundance. But one pumpkin was tiny. That pumpkin was growing in a glass bottle. The billionaire said that if you achieve your goal in life, you will be in the glass bottle. It's like a pumpkin. You have to live your life according to your goals. Life will give you exactly one dollar if you long for a dollar. This is the only advice I can give to young people.

Bode Schaeffer says: Is there anything you think is impossible now? That's your goal.  It must be. The moment you set an unrealistic and unreasonable goal, the turning point in your life begins immediately. A turning point does not come in one moment. People who set unattainable goals and succeed until they achieve them are turning.  It's called a point. We always live our lives trying our best, but most of us don't succeed. The reason is that we tried our best at a realistic level. If you live the same as yesterday, you will only get the same results. You should not set your life goals but live your life according to your goals. If you insist on working while receiving a salary of 2 million won, you can only set a goal of 2 million won. On the other hand, if you set a goal of 10 million won and a goal of 100 million won, you will think about how to achieve your goal. Whether doing a side job, investing, or running a business, You realize that something needs to change. The moment you set an unreasonable goal, change begins. Those who want to go 100 meters in an hour can walk, but those who want to go 100 kilometres cannot. So, they will find a way to run faster than 100 kilometres per hour. In this way, goals change your thoughts and actions. Successful people have always pushed for unreasonable goals while listening to crazy people. For ordinary people, their lives determine their goals. Successful people's goals assess their lives. Do you have unreasonable goals? Second, find something you like.  The age at which you are most suited to various trials and errors through choice is in your 20s. A powerful question at this age is, what kind of work do you like? It is not for the clichéd reason that life is too short to do something you don't want every day. No matter what job you choose, you  This is because you have to compete with people who like that job.

 Bodo Schaeffer says that to succeed, you must do what you like. Not because you must do what you want to be happy, but because you must compete with people who like that job.

During school,  some monsters will never be able to beat even the top-level students in class. These are the so-called Japanese animation fanatics. They watch Japanese cartoons every day and never get tired. Even if they are at the bottom in all other subjects, they will always get 100 points in Japanese. People who enjoy it like this are the ones who can fly and crawl no matter how many people come.  You can't beat it. So, to succeed, you must find something you enjoy and like. When I say do something you like, a question always follows. I don't know what my favourite thing is. Of course, some people live their whole lives without knowing what they like.  It's a placenta. I'll introduce you to two ways to find something you want, according to Winners.

First, get out of your comfort zone. People try to find their dreams and passion around what they are doing, but our true dreams are not something we have at all.  It is often found in unexpected places. One of the obstacles to success is familiarity. When we are addicted to familiarity, we do not know whether we are happy when something happy happens. When we experience misfortune, we do not know whether it is misfortune. We always see only what we see and hear only what we hear. Future hopes for children  When asked, most people either say their parents' occupations or say teachers, civil servants, YouTubers, athletes, celebrities, etc. Of course, these are all good jobs, but children say these jobs simply because they are familiar with them. Office workers that they can see around them.  My parents, relatives, and school teachers are the only things I have. Only athletes, celebrities, and YouTubers appear when I turn on the broadcast, so these are the only jobs I know. As an adult, it is not much different. I only meet the family, work colleagues, and friends I always meet, and I only do the activities I always do. So, I find my dream.  I can't. There is no difference between the environment I saw when I was young and the environment I see now, but I can't suddenly see a new dream. So, to find my dream, I must get out of my comfort zone. You have to go places, and that's how you can discover new dreams. Second, work hard at things you don't like. Bodo Schaeffer says this: It may be challenging, but you have to be willing to immerse yourself in things you don't like. When you try this, an aha moment will come. Aha, I do things like that.  It's not that I can't do it. Ah, I don't hate work that much. Ah, this is more fun than I thought. Paradoxically, the work I like is found when I immerse myself in the work I don't like. Don't make assumptions, but first, the attitude of not reducing any risk is essential.  It is the most dangerous. There is only one way to guarantee success. If you do a few things often, practice and train, the number of attempts will increase, so beyond today, the law of averages begins to apply. Then, you can calculate the probability of success in what you do. Failure  A person who lives a life without doing anything is like gambling by throwing the dice once or twice, risking everything in his life. Let's say that if you throw the dice and an odd number comes up, you get 1 million won; if an even number comes up, you lose 500,000.  You can participate just once, or you can participate 100 times. I will do it a few times. Of course, I will participate 100 times. You may lose money the first few times, but if you repeat it endlessly, the law of averages will eventually work, and you will have no choice but to make money. But your friend throws the dice once. What would you say if I told you I don't want to do it anymore because 500,000 won per turn is risky? Of course, I'm sane. But what about in reality? I started YouTube out of curiosity but gave up when it wasn't working well in the video kitchen. I bought one or two stocks, and when they crashed, I stopped investing in stocks—the story of dice.  Even though the expected profit is much greater than the risk, the risk you incur when you try YouTube is only a tiny equipment cost and the time required to produce the video. The only risk you incur when you invest is the loss of principal. However, in both cases, the reward for success is infinite. It's a game where you have no choice but to win if you throw the dice, but after just throwing the dice once or twice, you decide that you can't do it.

1 Risks exist in all areas of life, including investment, business, and human relationships. Taking risks is dangerous. Sometimes, you fall while you're climbing toward a higher dream.  You may get hurt, but as Bodo Schafer says, are you living a risk-free life? Then you're curled up on the ground, unable to fall further. It's better to make a wrong decision than not decide. If there is a risk of falling, it means you are moving up. Are you climbing the wall to success? Are you staying at the bottom? If you keep working in the right direction, the law of averages will eventually work. If you use risk as an excuse to take no action,  You will stay at the bottom forever. Not taking risks is the most dangerous thing to do. If you want to succeed, you must follow successful people. Successful people never put in too much effort. They are crazy about what they love. Sometimes, they will retake risks even if they fail and are embarrassed. Knowing that staying is the most dangerous, we constantly move forward. Bodo Schaeffer's Winning Habits contains 30 everyday habits of winners. It contains essential guidance for everyone who wants to grow. And above all, this book is a parade of quotes.  This book strongly motivates readers with quotes that stick in their minds. I highly recommend this book to everyone who wants a better life than yesterday. Even with outstanding talent and skills, you cannot succeed if your mentality is weak. How many celebrity investors and business people have achieved flash results but failed to sustain their success, so they have become memories? The leaders, CEOs, and rich people who lead the world are all mental alchemists. It means the art of making gold.  As the word alchemy implies, these are not people born with cognitive abilities but people who have created a golden mentality even under challenging circumstances with meagre materials, namely insufficient talent. Bodosirakteo, who went bankrupt at age 26 but became a millionaire at 30, said that you, too, can create a golden mentality.

And in my book,

Mental Alchemy, I reveal the secret to creating a golden mentality. I will talk about thoughts that go beyond just one thing and create miracles contained in Mental Alchemy. Meanwhile, in the video, I will clearly show you that this is the mentality necessary for success.  Let's start. First, hold on, hold on, and succeed. This is the definition of success and true victory. Many self-help books talk about success, but success is effortless. You need to set the right actions and repeat them until you succeed. Set the right goals and actions, and be patient.  Being immersed is what success is all about. But why are so many people unable to do this simple thing? It's because they misunderstand patience. Patience is not about forcing yourself to endure something you don't want to do. No one can force you to endure that for a long time. Patience is.  The desire to do what you want is waiting for the right opportunity. Patience is not about withstanding the onslaught of negative things. It is waiting for positive things to get their chance. The image that people think of when they think of patience is cold wind or getting punched.  It looks like he continues to endure and persevere, but this is fake patience. Real patience is not about forcing yourself to endure situations you don't want but waiting for the right moment to come true. Patience is about a new actor honing his skills while waiting for the day when he will one day prepare brilliantly as a leading actor.  Let's pause at the audition result text message and the empty bank account balance. Holding on is torture, not patience. Studying to catch the investment season that comes once every ten years and collecting seed money is patience. Let's hold on while holding on to the blue-tinged stock market. Holding on is patience. No. In other words, true perseverance is developing skills for the day when your dreams come true. This perseverance becomes our life goal in itself. High pay and a great job cannot be our life goals.  It's just a trophy you get when you succeed in equipping it. The goal is always to have skills. The first secret to the golden mentality is patience for skills. Sit still and wait for the sunrise to come someday. Trying to persevere is just masturbation and mental victory. Constantly move forward and strive to improve your skills. Doing is real perseverance. There is a keyword for real people. It is a driving force. It is always in motion and has the power to move. Unless it has already begun to accelerate, in other words, if there is no driving force, one very minor obstacle can destroy the whole life. On the other hand, the driving force is If it is in operation, any obstacles are no problem. You can move forward without hesitation. Holding on with patience means that this driving force is in operation. Have you ever tried to push a car in neutral gear? What should you do to get the car moving for the first time? It varies depending on the type of car, but in general, you need to apply a lot of force. If it's a semi-large car or larger, you must give it as much strength as possible to get it to move. But once the wheel starts rolling, you can push it lightly, and it will continue. Real patience is like a wheel that has started rolling; it will move forward.  It's not about sleeping less and burning off for a day or two, but maintaining good habits such as reading a book for an hour a day, exercising for 30 minutes, and turning on the engine. With the driving force working like this, it's much easier to speed up. Just add a little more effort.  The more you do this, the faster your growth will accelerate. The problem is that this momentum also works negatively. If you repeat bad habits, such as waking up 30 minutes late to watch only one episode of The Youngest Son of a Chaebol Family, then watching three episodes and looking at your smartphone, inertia develops badly. So, if an action gets in the way of success, you must boldly stop that action before it accelerates further. Success is simple. It is a game that you win if you set the right direction, exercise patience, and persevere. Persevering does not mean sitting still and taking on all kinds of pain but continuing to grow.  It's about moving forward. Maintaining habits that benefit you and not turning off the engine of success is real patience. Do you have patience? Second, overcome fear. We all dream of challenges sometimes. Should I try YouTube, start a business, apply for a big project, etc? There are various challenges.  But 99% of people don't take on challenges. What is the reason we hesitate to take on challenges? It's because of fear. The fear of failure and worry about how people around us will view us makes us unable to take on challenges and falls into worry. Mental alchemists say this: When do we feel the most pain? When we are scared, our faces are filled with fear, thinking it will be painful. When the pain begins, we realize that it is not so much that we cannot overcome it. The pain is strongest before we experience it, and then it gradually becomes weaker. When we fall into our biggest fears, it's when we worry about pain. What if people laugh at us when we get caught up in our thoughts? What if this project goes wrong? But most of the time, it's not that painful when it happens. My world will fall apart if I break up with my first love.  It seems like you'll never be able to go again, but now there's someone else next to you. Before you go to the military, you'll have all kinds of worries, such as when you will go. I'm behind now, and I'm excited. But when you go, it's fun in its way, and it goes faster than you think. Of course, if we go again, we won't go. What makes it difficult is the emotion of worry and fear, not the situation. Pain has no mass. Only the intensity of the emotion makes it feel pain. A breakup is usually 90, a job loss is 100, and the amount of pain is not determined in this way. Likewise, even after a breakup, one person quickly returns to normal life while the other person experiences deathly pain. So, if we can handle our emotions well, we can create a golden mentality that can overcome any fear and pain. There are specific ways to control emotions.  Let me tell you, we often say this to our colleagues: I am worried right now. In the future, replace these words with the following. I have a problem to solve now. It is not true that I am worried. The correct expression is that the schedule is not an object that exists.  Problems, conflicts, trials, difficulties, etc. Worries arise out of thin air and then disappear into thin air. If you get into the habit of accurately pointing to an existing object, your worries will decrease dramatically. Instead of vaguely saying, “I worry,” say exactly, “I have a problem.”

 

Instead of saying, “I’m worried about retirement,” I should say, “I have a problem with not having enough funds for retirement.” There is substance to the problem, so all you have to do is solve the reality. Calculate the money you need for retirement and how much you should save.  You can study investment methods by calculating the percent return you need. However, there is no substance to the word 'I'm worried'. Since there is no substance, there is no solution. Defining the problem is the way to overcome worry and fear. Another way is gratitude. The only way to overcome the darkness is to fill the darkness with light. Don't we all know that trying to dig out the darkness or fight against it is futile? Vague worries are like darkness; they are invisible to the eye, and no matter how hard you try to shake them off,  Even if you try to chase them away, you can't reach them. The only solution to defeat the darkness is light. The light that defeats the darkness of worry is gratitude. Rather than worrying about what you don't have or what hasn't happened, it's better to be thankful for what you have and enjoy the reality.  How to Defeat The most significant enemy that stops you from taking on the challenge of success is worry and fear. The secret to defeating this enemy is to face the fact that this enemy is just an emotion. The intangible enemy disappears when you define an apparent problem to solve. Also, thank you.  When you illuminate the darkness of worry with the light, the path to success appears in the darkness. Third, turn your problems into gold. Many people long for financial freedom. But when you ask why they want financial freedom, people say Having a lot of money is good. Because they don't want to worry about money.  The answer is yes. Mental alchemists say this. Rich people are financially free people. So, becoming rich means finding answers to problems that money cannot solve. Those are complicated things. I am still rich.  It isn't good, but it would be nice to be rich. You don't have to force yourself to do things you don't want to, and many of the world's problems can be solved with money. However, just because the money problem is solved doesn't mean all life's problems disappear. As the mental alchemists say, there are answers to easy problems that can be solved with money. After solving all the problems, we have to solve complex problems that cannot be solved with money.

There will be philosophical problems, such as what to live for, and more significant practical problems, such as tax, law, and inheritance issues that ordinary people would not have to face. Oh, my head hurts.  If you don't become rich, that's not true. If you do, you must answer more considerable and complex problems. But if you don't become rich, you have to spend your life solving only simple and trivial problems that can be solved with money. What's important here is how you define the problem. People with low incomes have one problem.  They recognize it and define meeting their limits as a failure. So they try to avoid problems at all costs. On the other hand, wealthy mental alchemists view problems as opportunities. The bigger the problem, the stronger they will become when solving it, and they are willing to welcome it.  You can't grow muscles with light dumbbells. If you can't grow muscles with light dumbbells, shouldn't you be willing to accept them and be happy when you encounter difficult trials and problems? Aren't difficult trials and problems the best dumbbells to grow muscles? Nietzsche kills me.  He said, “The pain of being unable to do it only makes me stronger.” The reason mental alchemists were able to achieve wealth and success is that they learned and grew through problems. I said earlier that you must answer more significant and complex problems when you become rich. In the first place, rich people have problems.  There is no such thing as an opportunity. You can never succeed if you perceive a problem as a difficulty and try to avoid it at all costs. Instead, you must see the problem as an opportunity and actively seek out the problem. The more you can answer the bigger problem, the more successful you will be. Stumbling does not mean that you are failing at something. It means that you are facing a significant hurdle that must be passed to succeed in something. What is the problem for you? For successful people and rich people, problems are gold. Welcoming problems and turning them into opportunities is a golden mentality.  This is the final secret to creating all wealth and success, which is determined by attitude. Success without the mentality is just a sand castle washed away by the waves. The mentality is not something you are born with. Anyone can become an alchemist who creates a golden mentality for success. Hang in there, and patience is success.  It's all about enduring the negative things and developing your skills until the positive things get a chance. Pain has no mass. What makes it difficult is the size of the fear. Define the problem clearly and dispel the darkness of fear with the light of gratitude.  Drive away problems and turn them into gold. Problems are just dumbbells that will make us stronger. No one succeeds without a strong mentality and can keep that success forever. Outstanding achievements come from a golden mentality that can overcome any adversity. Book Talk: We sincerely support our subscribers who will create a golden mentality and eventually achieve success with