Jim Rogers, author of The Most Abundant Investment, is a successful investor and father of two daughters.
He achieved financial freedom at the age of 37 and then began his dream of traveling the world.
He taught his daughter to take some adventures while staying safe.
He encourages his daughters to do what interests them, because it's so happy and more likely to succeed.
He advises not to judge anyone, because we can only understand what the world is like in other people's shoes when we walk in them.
He enjoys his work and loves his family, so he wrote The Most Abundant Investment for his daughters.
Here is the life advice that the investment guru gives his daughter:
1. Life proverbs
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1. Always remember that the life you choose is your own and no one else's.
2. Always buy high-quality products. They last longer and retain their value.
3. You must respect and obey the rules and regulations, the laws and the rules and the ethical practices, without which society would not exist.
4. Try as many things as you can, and then dedicate yourself to one (or two, or three) of something you love and are passionate about.
5. The fastest way to succeed is to do what you like the most and do it with all your might.
6. Do something positively. Do you understand? When you start doing something, you may not yet have a concrete blueprint or vision for the future. But when you continue to pour all your passion into life and work tirelessly on what you love most, you will eventually discover your dreams. This dream may turn into another dream, and then into another.
7. Remember never blindly accept what you hear and see, no matter how many people believe it or how strongly they support and advocate it. Always consider if there are other options.
8. You should regard the whole world as your home, not as obstinate and narrow-minded as to limit your horizons and possibilities.
9. If you enter adulthood and still cannot recognize your mistakes, whether in life or in investment activities, you are destined to suffer big losses before you can learn the lesson. Only by recognizing your mistakes can you correct them, which is the only way for you to get on the right path.
10. Those who cannot adapt to change will eventually be abandoned by change, and those who recognize and accept change and act accordingly will benefit greatly.
11. If you want to really make a difference in today's world, bet on areas you know and will continue to exist.
12. If many people are absolutely sure of something, you should have doubts.
13. As soon as you take the first step towards realizing your dreams, give it your all. Do your homework. If you want to succeed, you can't neglect preparation.
14. I want you to pursue without hesitation whatever inspires your enthusiasm and passion. Perseverance in realizing your dreams is not someone else's, nor mine.
15. Be cautious before getting married. As long as you have any doubts, even if it means escaping the wedding altar at the last moment, do not get married.
16. Always ask questions and don't be afraid to ask them. The stupidest thing is that you never ask questions.
17. The happiness of sharing and giving is far more enjoyable than simply owning wealth.
18. We must pay full attention to the problem of eating disorder and remain vigilant at all times.
19. Change in life is inevitable, no matter how depressed a person is or how bad things are, if you can wait, the situation will not remain the same.
20. The purpose of failure is to lead you to success. Those who succeed in life and career see not just failure, but focus on the future. And those who are afraid of failure may never succeed because they did not try.
21. I strongly urge you to have perseverance and perseverance, and learn from your part-time work experience in order to create a successful life in the future.
22. Successfully acquire life skills in your study life to ensure that wherever you go and whatever job you do, you will succeed.
23. Don't be in a hurry, take your time, you can take as much time as you want, but be sure to do things right.
24. For all of us, getting enough sleep is more important than exercise. Whenever I feel a little tired, I remind myself to take a nap instead of going to the gym.
25. You must recognize your talents and devote yourself to your personal hobbies. The more people laugh at you, the more likely it is that what you do will become a very great cause.
26. The lesson I learned is that sometimes it doesn't make sense to force children to do things they don't like.
27. Once you have come to know and understand yourself, remember who you are and don't forget. Whenever I can't assert myself and do what I do best, I regret it, whether it's investing or anything else.
28. When your river goes down, many people will leave you. You'll know who your true friends are, because they hold your hand in times of happiness and pain.
29. I want you to have the character and courage to be faithful and not to give up on your friends, even if they are going through hardship or bad luck. If you can't support each other with your friends, then you're not true friends at all.
30. Exercise and pay attention to your health.
31. Please don't judge everyone you meet, instead, try to understand life from their point of view. I don't think it's the first time I've said this to you, and if you walk a mile in someone else's shoes, you'll definitely have a different point of view.
32. The more you break the mold, the better it will be for you to experience life, otherwise, you will miss out on many wonderful lives and all kinds of opportunities.
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2. Earning money and investing
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1. Those who are good at saving and investing wisely rarely face financial difficulties in their lifetime.
2. When people are crazy about overheated markets and don't notice other opportunities, that's when I find the best business opportunities.
3. Historically, nothing completely different has ever happened. This is a basic law: what happens now has happened in the past and will happen again in the future.
4. Sell when the market is out of control and buy when the market panics. Always remember to buy low and sell high.
5) If you're looking for success, start with something new, something no one has ever tried. If you want to invest, look for opportunities in a bear market. Many people frequently profit precisely by investing in areas where no one sees potential.
6. If you happen to be successful in a bull market and think you have talent, you need to stop right away. It's quite dangerous to have this idea because you start to think the same way as everyone else. Stop, wait, until this popular psychology that is influencing your thinking subsides and subsides.
7. My most successful investment is the project in which I invest a lot of time and diligence in advance, gathering all the information I can get, researching and analyzing every detail. If you don't understand something and have difficulty really understanding it, you may not succeed. Similarly, if you're just dabbling in an area, you're gambling, not investing.
8. If someone asks you how much it costs to buy this, how much does it cost to buy that, or how much this is worth, don't respond. Let's just say that you don't want to talk about money. For you, responding in this way is far better than showing off your money or claiming that your car is worth half a million dollars.
9. Survival is not about making money, but about learning every day.
10. Money does not grow on trees, you have to keep an eye on your expenses, you have to make your money come alive, even if it is stored in the bank, charging extremely pitiful interest.
11. Insist on what you know and opinion; Don't listen to the little tricks that are household names; Don't get tips by watching TV; Don't go online; Don't look in the newspaper for tips that go viral. Everyone wants tips, and there are many popular tips for everyone. Ignore these things and only invest in areas that you know best.
12. If I were to tell you that you can only make twenty-five investments in your lifetime, you have to be very careful not to easily move between one investment and another.
13. No one wants to listen to this advice, but you have to be patient, you have to restrain yourself. If you want to be a successful investor, this is what you have to do.
14. If you can figure out how the money is going, you will definitely benefit. To do this, you have to research and analyze who will make money and how.
15. As long as something does not continue forever, it will eventually end. I am not the first to point out this pattern.
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