When it comes to easy ways to make money, it is necessary to mention "after-sleep income". This is not a new concept, and many successful people have already practiced it. For example, we all know Jack Ma, the Alibaba Group he created, is not only an e-commerce platform, but also an ecosystem. Even after he "sleeps", the system is functioning on its own, bringing him a consistent income. That's the power of after-sleep income! And the core of after-sleep income is compound interest thinking. Compound interest is not only a way to grow money, but also a way of life and mindset. It's like a snowball, which starts out as a small ball, but rolls up on the snow, and as time and snowflakes accumulate, the snowball gets bigger and bigger.
2. Say goodbye to "working life" and look for opportunities for compound interest growth Many people choose to run Didi, deliver takeaways, etc. in order to live, these jobs can indeed bring income, but they will not bring compound interest effect. Because they rely more on your time and physical strength than on your intelligence and strategy. I remember that before Liu Qiangdong founded JD.com, he sold CDs in Zhongguancun. Although he was able to make some money at that time, he realized that this was not a long-term solution, so he began to transform into an e-commerce company, which led to today's JD.com. If he had been satisfied with the income from selling CDs at that time, then there might not be the current JD empire. So, sometimes, we need to say goodbye to "working hard" and look for opportunities that can bring compound interest growth.
3. Persistence and patience - The key to success Many people know the benefits of compound interest, but not many people can really persevere. It's like digging a well, you dig 99 meters without water, you may give up, but in fact, you just need to dig another 1 meter to see the water source. And compound interest is the power of that last meter. In the case of Amazon, in the first few years, Amazon has been in the red, but Bezos firmly believes in his business model, and he has been holding on until Amazon starts to make a profit and is out of control. That's the power of persistence and patience.
Fourth, expand the application scenario - let the money work for you with compound interest thinking, find growth opportunities, and persevere, then the next thing to do is to expand the application scenario. Because there is only one income**, it is like having only one basket of eggs, if the basket falls, then all the eggs will break. But if you have multiple baskets, then even if one basket falls, you have other baskets. Tencent is a good example. At first, Tencent was only engaged in social software, but with the development of the times, Tencent began to expand its business scope, games, finance, e-commerce, cloud computing, etc., all of which brought huge income to Tencent. If Tencent was only satisfied with the social software market at that time, then there may not be the current Tencent empire.