The 4 money making secrets in the Navarre Book, how to benefit ordinary people?

Mondo Finance Updated on 2024-01-31

Writer Lian Yue once said: "It is a terrible thing for young people not to love money." ”

Because, if you don't want to make money when you're young, you choose mediocrity prematurely, give up the struggle, and when you get older, it's likely that you will really have no money.

Money is not everything, but without money it is impossible. After experiencing the beating of society, I found that money can indeed solve most of the problems.

But money is not something that can be earned if you want to, as Nawal saidMaking money is not something you can do if you want to, but a skill that needs to be learned.

Who is Navarre?

He is a Silicon Valley entrepreneur, angel investor, and has bet on Twitter and Uber. He came from a humble background, but he created wealth by his hard work and wisdom rather than luck, and became a benchmark figure.

He wrote the Navarre Book of Treasures based on his years of experience.

Here are 4 ways to make money, or invest in yourself, to help us make money within our knowledge.

1.Find your talent and build your expertise

The so-called talent and expertise means that you have relatively innate knowledge and skills, and have reached a professional level, and it is difficult for others to achieve the same results as you through training.

Nawal said: "If you want to specialize, you need to pursue real interests and passions, not blindly chase hot spots.

When civil servants are well paid, many people flock to them

Psychological counselors are paid well, and everyone goes to join in the fun;

Watch others make money from breakfast shops, and invest in a façade to try.

What they didn't see was that a person who was a civil servant might be because he had a suitable personality, a person who was a psychological counselor might be because he had a deep insight into human feelings since he was a child, and a person who made money from a breakfast shop might be because others had been suffering for thousands of nights in a row.

Just like in the ** recorded by Zhejiang Satellite TV's "Our New Era" before, the eldest sister who sells Jinyun baked cakes next to the school, earns 3 million a year, and she has suffered many hardships that ordinary people can't afford.

If there's a shortcut to success, it's doing what you're good at.

I believe that people who have achieved outstanding achievements in a certain industry have found what they love and are good at.

When you don't skimp on your efforts and choose the right way to work professionally, you can become very rich.

2.Find your own leverage to copy a product with a marginal cost of 0

You don't get rich by renting out your time, your skills. This is a brutal truth that Navarre tells us.

If you can find where your talent and expertise lie, then it is best to find a lever to leverage wealth and resources.

If there are three kinds of leverage, labor leverage is to let others work for you, and capital leverage is to use money to expand the influence of decision-making, then the third leverage, copying products with zero marginal cost, is the most worthy of study, and it is also the most important leverage.

It doesn't require others to work for you, and it doesn't need others to invest in you, you can magnify the fruits of your labor thousands of times.

That's right, programming, writing books, blogs, tweets, and slapping ** are all forms of this leverage, and they give us a chance to counterattack, just like Li Jiaqi who does live broadcasts, Li Shanglong who writes books, and thousands of ordinary people who can't name them have a chance to achieve themselves.

Finding our own leverage and doing the most efficient things with the lowest cost is the amplifier of our core competitiveness.

We should make the most of leverage so that we can quickly increase our wealth, take control of our time, and not be driven by others.

3.Wealth is not a one-time battle

The translator and artist Fu Lei once exhorted his son Fu Cong in a letter to his family to "maintain balance and save regularly and regularly", believing that it is better to save money than to save money.

Because desire is infinite, if you let your desire be in trouble, come and go with one hand, and use as much as you want, even if you make money every day, you will not feel rich.

Nawal's view is also similar to Fu Cong's.

Nawal believes that the best way to get rid of money greed is not to upgrade your lifestyle after making money.

Because the more you earn, the more you spend, and your desires often exceed your actual needs, so that you will continue to be exhausted and never satisfied.

Along the way, Nawal has stumbled. The first pot of gold earned was lost in an instant in **, and the second pot of King Kong was deceived by a business partner, and it was not until the third time that a little money was made.

Wealth is often accumulated by creating businesses, creating opportunities and investments, and replicating products with zero marginal costs.

And when we make a lot of money and still maintain the old way of life, it will allow us to achieve a state of financial freedom.

4.Read a lot, the more the merrier

Investor Richard Munger once said:In my life, I have never seen a wise man who does not like to read.

Reading and not reading are different lives.

Reading makes us wise, connects with the author in time and space, and experiences thousands of lives.

Spend an hour a day reading science, math and philosophy books, and within 7 years, you could be one of the few successful people.

If a person who does not have the habit of reading, if his daily hobby is to play cards for entertainment and chatter, his world is likely to be imprisoned by time and space.

If you ask Nawal to teach his children one or two principles of life, what would those principles be?

The first principle is reading.

He believes that the more you read, the better. Whether it's romance**, detective books, or comic books, it's all beneficial to open the book, try to read it, and you'll find what interests you.

"Reading is the ultimate meta-skill that can be exchanged for anything else. ”

That's true. There are very few people who are gifted, and when reading is blessed by talent, it is a plus, and perseverance makes people become high-quality people. Reading is also a product with a marginal cost of 0, which can be used to exchange knowledge and create wealth.

Read widely and let meta-skills shine for the future.

Conclusion

Wealth does not depend on luck, but on laying a solid foundation for moving forward in life.

The harder you work, the luckier you get. Find your own talents, accumulate expertise, tap the leverage that suits you, make yourself diffusion, save some money when you earn money, save more money when you have nothing to do, and the less you desire, the more satisfied you will be with life.

And reading more books will eventually lead us to a better path.

Everyone can learn the above tips for becoming rich. May we think carefully and act on it.

Thank you for reading

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