The Book of Recommendation | Game of Pressing Old Money: 9 Financial And Business Lessons Written by an Investor's Dad to His Child

Text | Yoko

As a new generation of people with more desire to consume, people's disposable income is increasing. But a terrible fact is that in the midst of social media promos, a culture of comparison and grass planting is rampant, and the money in hand seems to be difficult to satisfy the growing desires.

Therefore, products such as campus loans, consumer loans and even shocking naked loans are emerging in the market. In order to get a latest product, the most high-end equipment is not hesitant to grope on the edge of breaking the law; some people can't afford the snowballing interest and have to choose tragic methods such as suicide.

So what is missing from these younger generations?

In China's education and culture system, parents have high requirements for their children's academic performance and treatment of others and things, that is, IQ and emotional intelligence. However, the "financial quotient" that is particularly important in the process of growth is often ignored.

For children, the first money they may be exposed to is pocket money and old age money. For parents, how to cultivate their children's "financial intelligence" is also particularly critical.

How to dispose of the old money is reasonable?

Do you want to give your child a monetary reward for doing housework?

How to develop children's self-decision-making ability?

How do you distinguish between "want" and "need"?

How do I have "after-bed income"?

What are the operating costs of the business?

How to select stocks? How to understand the financial reports of listed companies?

Is it not a job to make money?

This is probably a problem that every parent will think about, and Chen Jingqing's "The Game of Pressing The Year: 9 Financial And Business Lessons Written by an Investor's Father to His Children" provides a solution for parents.

In the process of growing up with her daughter from 4 to 13 years old, the author of this book has carried out a comprehensive financial and business cultivation for children through 12 vivid and interesting small games.

Taking the story of the understanding and practice of wealth as an example, the author starts from small things, and talks about the nature of wealth, the establishment of consumption concepts, the allocation of family assets and other topics that every family will encounter in a way that children can understand and accept.

In addition, this book is not only about the accumulation of wealth, but also about the way of thinking, the way of behavior, and the cultivation of the value of life.

Chen Jingqing was a former executive of a foreign-funded enterprise and is currently a shareholder and founder of the black tea brand "Yuan XingHong" and the material brand "Chaotu". His extensive life experience, combined with his study and practice of management, finance and psychology, makes him very successful in the field of investment. From the beginning of his investment in the stock market in 2010, by the end of 2020, the annualized return on his investments over a 10-year period has exceeded 20%.

It is precisely because of these investment experiences that Chen Jingqing attaches great importance to the cultivation of children's "financial quotients". After the child received the first amount of money, he began to think about how to help the child establish a correct view of consumption, financial management and outlook on life.

He believes that people's lives and work are inseparable from "money", and it can even be said that a person from birth to death is accompanied by "money". However, there are few courses on finance and commerce in primary and secondary schools in China. And in general, parents are rarely aware of the need to teach their children this knowledge, and even some parents will think that it is not good to talk to their children about money.

But financial knowledge, like other knowledge, does not suddenly acquire as people grow older. He hopes that the losses he has suffered in the investment process and the mistakes he has made will not be repeated in his children.

Therefore, he is very frank with the children to talk about the source of money, the way to dominate, cultivate the child's wealth thinking, let the child be friends with money from an early age. For example, he rewards children through back-stomping games to make them understand that money is the medium of labor exchange; he also teaches children to save, simulate fund investment, etc., which is fun and educational, and the children also learn very happily.

In fact, there are many books that educate children about financial management concepts, such as "Puppy Money and Money", which are also very good, but compared with foreign financial and business books, the cases in this book do not have cultural differences, and may be more in line with China's local conditions. It not only teaches parents how to cultivate their children's financial intelligence, but also a book of financial and business education answers suitable for parents.

On paper, I finally realized that I had to do something about it. Most likely, the next generation will have higher incomes and richer material lives, and the proportion of expenditures to maintain food and clothing may become lower and lower. How to make them more financially free and let the money be used for themselves, rather than trapped by the money, is a problem that all parents need to think about.

Don't think that children are still young and don't understand the meaning of money. Only by hearing about it from an early age can we cultivate good habits. The choices we make in life are ostensibly the result of thinking, but they are inextricably linked to the education we receive from an early age and the habits we develop.

If parents do not teach their children financial knowledge, it is very likely that scammers, pyramid schemes, and adulterers will teach him, and it is also possible that creditors or police officers will "educate" him.

Therefore, developing the right consumption habits and financial literacy from an early age may have a positive impact on the future of children.

Even if the children can't make money by these financial management methods in the future, at least they have taught them how to look at money correctly, how not to be deceived, how not to plant big heels, and to have a stable life, which is enough.

In other words, let the children receive financial and business education from an early age, let them continue to experience and test in life, and then integrate these financial knowledge, which can be regarded as helping them win at the starting line.

I chose to recommend this book because it will be the New Year in the near future, and the children will definitely reap a lot of money, and parents may wish to use the theoretical knowledge of this book to try it once, and there may be no small gain.

Recommended book "The Game of Pressing The Year's Money: 9 Financial And Business Lessons Written by an Investor's Father to His Child"

Author: Chen Jingqing

Publisher: Jiangsu Phoenix Literature and Art Publishing House

Listing date: 2021.10

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