After reading 25 investment classics (2) ---- thinking like tycoon

xiaoxiao2021-03-06  59

------ Don't be a consumer. Knowing that you always hold how to spend hundreds of dollars in the attitude of hundreds of dollars, you will never have the capital you need to achieve success.

--- Guided (like tycoon thinking) Page 20

In the investment industry, most people have their own motivational books, "thinking like tycons" is my personal inspirational book. Although this book is difficult to buy, the theme of discussing is very complicated, the whole book is full of exaggerated statement, trivial details, and mistakes, but I still appreciate it. The book proposed in the book can make readers to benefit endless in the process of pursuing wealth. Smith pointed out in his book "Money Game" book, if you want to become rich, and it is true money, you can't be a stock market, you should do business. "Thinking like tycoon" is mainly taught in teaching readers. Many investors have unrealistic expectations to buy and sell stocks, so that they have to take over high risks. If time and energy allow, actually take action will make things better. Like the investors like many stock markets, give money to others to do investment, hoping to create a good remuneration, not as good as they do. Creating a business is not everyone can try, and the entrepreneurs in many small careers have never been rich. There are a lot of reasons involved, but the most important possibility is that I will enter the wrong line. Everyone often said that many wealth giants have risen in the financial sector and the real estate industry. The case that "thinking like a tymercy thinking" is also more than real estate investment. Another obstacle to creating personal wealth is psychological factors. Many people want to go to create their careers themselves, but they are not prepared to be psychologically. This is also why the inspirational book will have a certain reference value, even if they read some stupid, it is still quite useful. In order to enhance your own force, you need to coach to give you some encouragement, if you don't have a coach, then a good book can also be used. Hill told us that his principles can be applied to any industry, and the book "Thinking like a tycoon" has indeed this. He believes that many people around us will instill us: You can't do it, no way to make money, make money is a non-moral event. Hill said: "Don't control what these unreal social reformists have said. They neither produce goods, nor to provide services. What they do, but you have to make you feel embarrassed." He is in the book The length of the length tells the readers how to stay away from frustration. Do you think you are stupid? It doesn't matter, many rich people are stupid, all smart guys run to the research institute reading, rather than investing in the workplace. Do you have no venture capital? It's ok. Lack of experience? That takes some experience. The following is the "tycoon creed" proposed by Hill: Tycoon is:. Organized. Write a daily activity and goal and act in accordance with the plan. . concentrated. At least one thing is done, but it is delayed. . confident. I feel very good to sit in a daily minute, and to achieve happiness, then proud or joy is 15 minutes. . I am grateful. Will tell the family, friends and colleagues "I like you", and I really like them, don't have to praise or greet others. . optimistic. I will not think about the past, and I will think about the current and future. . Educated. Read some things to change your mentality every day, wasting time in someone else, time consuming. . Save. There is no need to do a consumer or taxpayer. . Hosting. Charming and kindness, but not the length of people. . The alert. Open your mind, accept new ideas, new faces and people who provide new things, do not ink. . reliable. In time, honest, comply with all enterprises, social and moral obligations. - Proud from the original items 83, 84

These creeds seem to be a little stupid, or it is too easy to understand, but it is true. Doing business is successful, with complexity, it is important that you have to control everything. I know a tycoon of a white hand, he has a difficulty in reading, and he often hangs in the mouth is: '' Simplesize things. "Complex will only make you rely on the day," simple "can make you earn money on the mall. Now, how can I make money? Investment real estate is not a regular trading, you are Loans when buying real estate will make your credit amount to improve a lot at once. Hill recommends expanding the credit line to the largest, renting the bought house, take the rental, paying further loans, wait until inflation, you It will be profitable from it. The following is an example of using this way: 1. Loan is 100,000 US dollars to buy almost no full, the price has fallen to the bottom of the valley; Second, take the house, take the rent to return and carry Renovation; three, after a while, sell the house. Suppose it is sold to 11.50,000 US dollars due to 15% inflation, you have lost $ 100,000, and there is a profit of $ 50,000. If Can buy at a lower price, improve the additional value of the house, will be more considerable. Many borrowing money, its performance is high, so that you will be easy to pay (but real estate is very low), Some methods allow you to quickly board the peak in the real estate industry, some loans can make you worsening, or can be exempted from undertaking liabilities, this situation is called "Moral Hazard in the bank" (Note) In the bank capital structure, self-owned capital accounts for a low price, coupled with the protection of the current legal system [liability] and the insurance system, making the bank's manager when doing business decisions, only considering the pursuit of profits, This situation is called moral hazard without considering risks.

In the competition game of the real estate industry, you will provoke many personnel disputes. Hill reminds readers to avoid so-called fraudists, because these people will lie to you, find a reason to accuse you, to seek improper interests. He suggested that readers, it is best to pay them as soon as possible, from this knife and two breaks, the lawsuit will only let you waste more money, neither productive forces. Hill also wants to read by: "Don't make fraudulents," and don't be a debt. For example, there is a problem in cash flow, and it is the first sign of trouble, and people who like territes are often solving their problems. They will leave for the sake of taking debt, or they don't answer the phone at all. If you are unfortunately encountering financial problems, don't escape, encourage courage to discuss banks, banks don't like to cancel the redemption right of the collateral, usually give you another chance. This is a quite positive advice. I have seen some business people, because I can't see the problem, and I have a lot of people. I know someone, he was born in the giants, and later inherited a 30 employee. In the three years, he uses all the cash of light, and the company also declares bankruptcy. Now he fell to a small grocery store. Why will the situation become so bad? Because this dear brother is born to love, even if it is a small error, it is not willing to face it. Operating the business will be encountered many difficulties, you must adapt to this situation and face your debt, otherwise there will be only bankruptcy. So, how do you start operating the real estate industry? First of all, you have to take yourself as a buyer and renter. Continue to visit hundreds of houses. The seller and real estate agent will try to render the value of the house and expand the rent of the rent, but with the real price. After you have seen so many houses, there is a probably aware of the real estate market in the area, and there is a more profound understanding of the Pennsual value of these houses. Hill said, once you have seen at least 100 houses, you should make a minimum price for each house. But the focus of master is that all real estate is valuable, even if the house is not worth money, it is worth money, it seems to lack the foreground house, if you can buy it with a good price, it is still profitable after the transfer. It sounds like the stock market, isn't it? That's right, we can find some mini, comparative, finding the process of finding the real estate is like making basic analysis, and low-cost buying is also unwinding with the stock market in the stock market. The biggest difference in the stock market and the real estate industry is that the real estate industry is a quite a "lack of efficiency" market. Although some people have opposition. The real estate market is regional, whether it is a customer or broker, it is impossible to value all the real estate value. Confident, there are many legal related special cases, and the turnover rate is also very low, and as long as it is simple to decorate, the value will be greatly improved. Of course, many people will tell you that this is not the case, but I know that Hill's argument is definitely correct. . See how many operators can find a profitable transaction, earning higher than usual profit, "like a tycoon thinking" book also mentioned some more profitable products, such as the maple shoot House, flow for collateral, etc. If you can buy a house to profit, you can make money in this class, which is also how you become a tycoon. You have to build your own credit line, but build credit lines It must be truly devoted to this line. Here, I would like to make a warning: Many influential real estate tycons bankrupt in the house price. Hill did not propose a complete solution to this issue in the book. Avoid caught in trouble There are many ways, even if you are quite influential, you still need some help. Basically, you need to do crisis management, know how to get out of some transactions, and diverse investments in the housing market.

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