I'm sure you've all heard the sayingPeople can only earn money within the scope of cognition。Even if it is placed in front of you, you will turn a blind eye.
If we want to make money, we have to improve our cognition, as the saying goes, that is, enlightenment.
Today, I will mainly talk to you about three aspects of cognition:
The supply and demand determinism of wagesFirst, wages are determined by supply and demand in the labor market.
This means that most of the time our wages are not determined by our efforts and abilities, but by the demand in the market for the jobs we do, as well as the supply of labor like mine.
If there is a large demand in a certain industry, and the amount is relatively small, then the wages will be correspondingly**; Conversely, if there is a surplus in a certain industry** and there is insufficient demand, wages will fall accordingly.
Everyone tells you that hard work will lead to good results, and I believe that every migrant worker has suddenly reflected on this sentence in the middle of the night.
When you can't get a good result even if you can't roll it up desperately, you need to rethink all this and think about whether the supply and demand relationship in the market has changed.
When you find that the market demand is decreasing and the supply is increasing, you have to find a way to adjust the track. If you want to increase your income, in addition to improving your personal ability, you should also choose an industry with market demand, and it is best to find a subdivision that is not so competitive.
Munger once said:
In the capitalist world, to succeed, one must go where competition is weaker. The Theory of Property Rights Distribution of Wealth.
Next, social wealth is distributed according to property rights.
This means that the distribution of wealth is based on the attribution of property rights. Distribution according to work is one aspect, because labor is also property rights.
Have you ever thought about the question, the labor force of the company boss is not necessarily higher than yours, but why does the wealth earn far more than you?
Because the owner of the company has shares in the company, the shares are also property rights.
Why do migrant workers often laugh at themselves for working for their landlords?
Because the house is also a property right.
In a market economy system, those who own the means of production can obtain wealth through production and exchange.
That's why some people are able to earn huge fortunes by starting businesses and investing, while others can only live on their salaries.
Therefore, if we want to gain more wealth, we need to actively explore opportunities for entrepreneurship and investment, and get as much property as possible in our own hands, rather than relying only on our own labor.
When there is money in the sky, property rights are pots, and you can make a lot of money, depending on the size and amount of the plate. Demand determinism of supply.
Finally, to do business, you must first find a buyer and then a seller.
This means that before starting a business, we should first identify someone who is willing to buy our products or services. Sometimes we may be excited to invest time and effort into developing a product or service, only to find that the market demand is insufficient and no one cares. This is the most common mistake made by people who eat technical food, technical people are very capable, and the products developed are also very strong, but most of the time they don't know enough about the market, and it is easy to fall into self-esteem, resulting in the development of products that are not used at all, there is no market, and you can't make money. So, before starting a business, we should first conduct market research to understand the needs of potential buyers and ensure that our products or services meet the needs of the market. Only by finding a buyer can we sell smoothly and make a profit.
Today, I will talk about this first, these three points of view, I believe are very helpful to many people, can help everyone understand the world, avoid detours, reduce mental internal friction, and make a little money by the way. After the awareness is improved, making money is a matter of course.