What is the greatest sense of security for people? That is undoubtedly possession of wealth. As adults, we can't get rid of these two words, that is, make money!
The so-called: "Money is omnipotent, a penny is difficult for heroes"!
However, how to achieve wealth accumulation? Is this path suitable for everyone?
After reading the writings of 99-year-old billionaire Charlie Munger, I found the answer. He mentions in the book that those who can rise from difficult situations and become rich understand 3 key secrets. These are secrets that most people don't realize. If you really want to change your destiny and realize your dream of wealth, I suggest you calm down, read and think deeply about these 3 secrets, and then put them into action. The door to success will naturally open to you.
One. Challenging thinking, logical fit
Munger's phrase "challenging thinking, logical fit" may seem abstract at first, but it is deeply interpreted in his book.
The 99-year-old investment titan, Buffett is hailed as the best among partners. Warren Buffett once said, "Munger made me evolve from an orangutan to a human being." "You can see Munger's influence.
He was not new to investing and worked as a lawyer in his youth, but his life path was full of twists and turns. Self-reliant, supporting a family of nine, one of whose son suffered from leukemia, and the pressure of life increased dramatically. However, the wife filed for divorce in a difficult situation. Single, raising eight children and paying for leukemia treatment, he is living a difficult life, with heavy debts on his shoulders.
However, he never gave up easily, instead, he accepted the test of fate. Instead of rushing things, he focused on how to be a great lawyer. He meticulously organizes his work every day and handles his work pragmatically, which is within his ability. He gradually became skilled, accumulated customers and gained confidence. A successful will case and real estate investment allowed him to earn 1 million. As his network expanded, he met Warren Buffett. Like climbing a staircase, he made steady progress, eventually getting out of debt.
Munger's experience has demonstrated the ability to fit logically, and working with clients represents his bold challenge of thinking.
Similarly, we do the same in the workplace. If you earn 5,000, you do 5,000 jobs; But can you do 8000 jobs? Of course. However, if tens of thousands of dollars are involved, proceed with caution. After all, logical fit is not easy, and forcing too many steps is often difficult to make substantive progress. Don't let your emotions break down, because "how big are the wings and how high are you flying". When you find that you can't do your best for something, stop immediately, because the logic does not fit, focus on what is in front of you, and then gradually break through.
Two. You don't have to be overly smart
The wise are against the wise, and the wise are as humble as fools.
In his book, Munger emphasizes that being too smart is not necessarily an advantage! Don't be too dazzling, as this can lead to short-sightedness and emotional manipulation.
People who think they are smart tend to pursue shortcuts, which can lead to difficulty concentrating, and emotions can also affect judgment, which is the main culprit of failure.
Munger first ventured into investment and rose to fame after some success. Once, he invested in a company that he hastily thought was a money-making opportunity, only to fall into a market trap and suffer huge losses. The experience left him deeply troubled and emotionally turbulent. However, he deliberately remains calm, does not let emotions dominate decision-making, and avoids impulsive behavior. He deeply analyzed the reasons for his mistakes, realized that it is not good to be too smart, and he learned to let go of vanity, keep calm thinking, and analyze solidly, which can pave the way for the next decision.
Don't be overly smart, causing jealousy can also be manipulated, easy to be paralyzed, and pursuing shortcuts can lead to the wrong direction.
In the face of setbacks, a lack of tenacity can make you slump and let opportunities slip through your fingers. Many smart people make a little money and swell and end up in trouble.
Three. Keep an open mind
The key to Munger's rise from debt is that he keeps an open mind, continues to learn and embraces new things. Even at the age of 99, he still insists on reading and studying every day and has mastered hundreds of subjects.
For ordinary people, the key to achieving wealth transformation is to learn core knowledge, and to acquire these core knowledge, you must have an open mind.
In today's information age, information is highly open and covers knowledge in various fields, from the rise of e-commerce to short video dissemination. The continuous progress of society has given rise to many new industries, which means that opportunities exist all around us. However, to seize the opportunity to become rich, you must be open and able to distinguish between the real and the false. If you close yourself off and are not open to new ideas and perspectives, even the best knowledge will not be of use to you.
How to keep an open mind?
Munger offers the method: cultivate a sense of distress, step out of the psychological solidification, and look at the world.
Society is constantly changing, and we must keep pace with the times so that we are not left behind. In order to seize the opportunity to make a fortune, you need to keep up with society. If you allow yourself to fall into a fixed mindset, you will only be eliminated by society. Each of us has different backgrounds and opportunities, so be open-minded, open to new ideas, constantly replenish new knowledge with a systematic learning approach, and then put it into practice. Only by adopting the strategy of small steps and fast running, rapid trial and error, and continuous improvement can we seize opportunities, change our destiny, and adjust the direction in time even if we fail. Otherwise, when the opportunity comes, you may miss it because you don't know what to do.
"Poor Charlie's Book" is a treasure book that inspires wisdom, and Charlie Munger's unique thinking solves the mysteries of business, work, and life. The wisdom of financial intelligence in the book will accelerate your leadership in the business world and help you move forward on the entrepreneurial path. Munger's mindset will inspire you to be more insightful in business strategy and decision-making. Not only that, but his interpretation of life principles will help you better deal with challenges and enjoy life. This book is your key to becoming a better version, an indispensable beacon for your journey of wisdom. As you read, let Charlie Munger's wisdom drive your journey of entrepreneurship, business and life.
(Single book optional) Navarre Book + Poor Charlie's Book Set ¥44.2 to purchase