What are the five rules to achieve financial freedom?
1- Avoid lifestyle inflation.
It is very easy to do/participate in. It is humans' natural tendency to utilize all disposable resources. I have seen people with an annual income of 0.05 million dollars spend all their income. I have seen people with an annual income of 0.1 million dollars spend all their income. I have seen people with an annual income of 0.5 million dollars spend all their income. Johnny Depp recently encountered some financial problems due to his very extravagant habits. So when you get a raise or promotion, do not immediately increase your lifestyle to fit it.
2- Excel in what you do.
我不在乎你做什么。我认为一个人能够胜任快餐店经理的工作，并且表现出色，这非常令人敬佩。他们在那里努力工作，做出贡献。我认为医生能够胜任医生的工作，并且表现出色，这非常令人敬佩。
你应该努力做好自己擅长的事情。我不在乎你在哪里工作或做什么；如果你比别人做得更好，你的薪酬就会受到影响，你的未来前景也会更加光明。
3 - 保存
你应该有一个最低限度的储蓄金额。我不在乎你赚多少钱。你应该存点钱。如果你住在美国，有 401k 或 IRA 等养老金账户，你可以每年存钱。账户中的收益免税，交易免税，所有增长免税，余额不受债权人保护。
Find a way to save some of your salary and do it.
Find a way to save some of your salary and do it.
4 - Avoid Consumer Debt
Consumer debt is harmful because debt is easy to obtain and interest rates are high. Repayment amounts can be very high, and paying off the principal balance is almost impossible.
If you can't afford it with cash, don't buy it. If you must buy a car with a credit card (as most people do), then make sure to buy a car several price levels lower than what you theoretically can afford.
5 - Be Frugal, But Not Stingy.
Be cautious with your hobbies and any commitments you undertake. Recognize that sometimes spending money on special items is worth it. Don't overlook the value that some high stock price items may bring.
In addition to labor, how else can wealth be created?
7 ways to create wealth - without spending money:
1. Invent something: Intellectual property and trade secrets can be very valuable. Patents, trademarks, copyrights, etc.
2. Your personal brand: Educate yourself. Spread your ideas to the world through social media. Write a book. Make videos. Eventually, your name could be very valuable.
3. Stand out: Michael Phelps's net worth is estimated at around 55 million USD. Gold medals and lucrative endorsements helped him accumulate wealth.
4. Professional knowledge: Coding skills, expertise, and creativity helped Satoshi Nakamoto create Bitcoin from scratch! As of May 24, 2017, Nakamoto was believed to possess as many as approximately one million bitcoins, valued at around 7 billion USD as of November 2017.
5. Consultation: Your experience can be very profitable, and people are willing to pay for it.
6. Solve the problem: Do you know this story: a technician walks into a factory, replaces a screw, and the maintenance fee is $1,000. "Only work for five minutes? Why?" the manager asked. "One screw costs $1, knowing which screw to replace costs $999."
7. Knowledge: In the information age, knowledge is more valuable than gold.
Wisely invest your time in aspects such as career, invention, technology, reputation, customer relations, brand, education, health, etc. Anything you possess and control will bring returns in the future.
1. Invent something: Intellectual property and trade secrets can be very valuable. Patents, trademarks, copyrights, etc.
2. Your personal brand: Educate yourself. Spread your ideas to the world through social media. Write a book. Make videos. Eventually, your name could be very valuable.
3. Stand out: Michael Phelps's net worth is estimated at around 55 million USD. Gold medals and lucrative endorsements helped him accumulate wealth.
4. Professional knowledge: Coding skills, expertise, and creativity helped Satoshi Nakamoto create Bitcoin from scratch! As of May 24, 2017, Nakamoto was believed to possess as many as approximately one million bitcoins, valued at around 7 billion USD as of November 2017.
5. Consultation: Your experience can be very profitable, and people are willing to pay for it.
6. Solve the problem: Do you know this story: a technician walks into a factory, replaces a screw, and the maintenance fee is $1,000. "Only work for five minutes? Why?" the manager asked. "One screw costs $1, knowing which screw to replace costs $999."
7. Knowledge: In the information age, knowledge is more valuable than gold.
Wisely invest your time in aspects such as career, invention, technology, reputation, customer relations, brand, education, health, etc. Anything you possess and control will bring returns in the future.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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成熟投资者：格局，概率，取舍。没有格局必然急功近利。不计概率会把运气当技术。不懂取舍，有所不为，最后必落入陷阱和圈套。
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