In the summer of that year, at a casino in Macau, I saw an old woman in her seventies playing cards. She bet hundreds of thousands and lost. She also smiled and said to the friend next to her, "Hanjia Shovel, today I lost another floor." That incident still lingers in my mind. Being poor, I really can't imagine her feeling sorry for losing so much money. , but it seems so understatement. I wish I could become such a powerful person, so I determined to become a rich man. From that day on, I worked hard and only slept for one or two hours a day. Finally, the tide turned and I bet hundreds of thousands. , and in the end, I lost all my money...
Tell me about a true experience
When I first started working in 2008, I worked as a waiter in a high-end restaurant. The salary was 900 yuan a month, including room and board. The restaurant was considered mid- to high-end in the area. It mainly served high-end Cantonese and Hunan cuisine such as Yan Bao Chi. At that time, a casual meal would cost several thousand yuan. The hotel's daily turnover was 20 -300,000, so the people who go to the store to spend money are rich people.
Once a customer asked me to go with him to the underground garage to move something. Situations like this are often encountered. Usually it is nothing more than moving some drinks or gifts brought by the customer. I I still remember it very clearly. When he arrived at the garage, he opened the trunk of the black Land Rover. There were two yellow cardboard boxes. He opened them, looked at them, and said to me, help me move one box to the box. I will come up later. I nervously carried a box of money upstairs in the elevator and put it in the private room. Later, I calculated the size carefully and found that the box of money should be between 800,000 and 1 million. All of them lost. Later, our manager said that it was just a disguised gift.
That was the first time I saw so much money, and the first time I took so much money. Although the money was not mine, as a waiter at the time, I was quite shocked.
When I went to university in Nanjing in 2008, the parents of a classmate in my class felt that the school dormitory environment was not good. We lived in a new dormitory building with a quadruple room. In my eyes, it was big enough and good enough. However, this classmate’s parents were dissatisfied, so they bought a well-decorated house opposite the school and hired a nanny to clean up the house and cook for the child. My classmate couldn't apply for a dormitory, so he went back to his new home to sleep every day. On weekends, we went to his house to have fun together. The house has three bedrooms and two living rooms. When I bought it, it was 5,500 per square meter, about 110 square meters. By the time I graduated, the house price had risen to 13,000 per square meter. When I sold it, I earned 800,000 yuan after studying in college for 4 years.
A person calculated an account for me. After listening to it, my mind was buzzing, and what came to my mind was the sentence in the title, "Poverty limits our imagination."
If you read too much about finance, you will find that there are too many ways to do it. Many times this way of thinking is also a bit dangerous, because it is too easy to obtain excess returns through various methods in finance, which is much faster than working diligently. So the temptation here is also great. If you are a person who understands finance, you can leverage a lot of capital in a blink of an eye by using financial tools.
Let me give you an example:
Suppose I now have 1 million to invest, so I buy a ten-year government bond, and the return is 5%. Treasury bonds are very stable products with extremely low risks, but one day I felt that 5% return was not enough and wanted a higher return.
At this time I found Zhang San, and I told him: I will use this 1 million treasury bonds as collateral, you give me 900,000 in cash, and I will give you 3% when I pay you back. income. Zhang Sanyi thought, this deal is sure to make a profit, it’s done.
Then, I bought this treasury bond with 900,000 in cash, and then I found Li Si and said: I will use this 900,000 treasury bond as collateral. You give me 800,000 in cash, and I will pay you back then. will give you another 3% income. Li Siyi thought, this deal is guaranteed to make a profit, it’s a deal.
Then, I took 800,000 in cash to buy treasury bonds, and then I went to Wang Wu and said: I will use these 800,000 treasury bonds as collateral. You give me 700,000 in cash, and I will pay you back when the time comes. Give you another 3% profit. Wang Wu also agreed.
Then the cycle started over and over again, and I went to find people to borrow money against the national debt over and over again.
In the end, I got back 100,000 in cash and bought treasury bonds. How much national debt do I have at this time?
It should be: 1098760...+10= 5.5 million national debt. The annual yield on these government bonds is 5%, so the return after one year is 550 × 5% = 275,000. Then, when I repay the money, I have to give the other party the promised 3% return. The interest on this part of the principal is 135,000.
So in the end, I relied on financial techniques and used a principal of 1 million to bring in an income of 275,000-135,000 = 140,000. The 5% treasury bonds that were originally very low-risk were turned into a 14% return by me, and throughout the whole process, others lent me money, and I never lent any money. It can be said that the risk is very low. .
After listening, you should know that this explains the concept of "leverage" from another perspective. By borrowing money, that is, increasing leverage, we can repeatedly amplify returns. In fact, this operation has a direct corresponding term in the financial market, which is called: bond repurchase.
Of course, regulatory agencies also know that this kind of repeated pledge and repeated financing is a great risk to the market. So it will introduce some policies, such as no more than 5 repeated pledges. Because human nature is always greedy, that's why every country must have financial regulatory agencies.
The person who settled the accounts was called Zhang Xiaoyu. I was wandering around in the app and listened to the content of his "Classic Business Case Course". At that time, I was fascinated by the magic of finance. It was so imaginative. .
After listening to the content of this lesson, I couldn’t calm down my thoughts for a long time:
Is poverty limiting my imagination, or is ignorance limiting my imagination?
Is there a causal relationship between poverty and ignorance?
Because poverty limits imagination, so ignorance limits opportunities to create wealth?
Or is poverty caused by ignorance that limits opportunities to obtain excess wealth?
Someone actually spent 40 yuan to buy a pound of mushrooms
As a person who earns 2,500 yuan a month, I don’t even dare to think about buying a car like this.
When I watched "The Tomato Rich Man", instead of saying that it was all exaggeration, it was actually all true. In reality, there are some people who comply with the 28/20 rule and are really doing those things, but you just don’t know it! This movie is not a prodigal story, but an inspirational one! (You can also read the story of Shanxi Coal Boss silently).
At that time, the Japanese devils chose themselves to be the master dog of the Chinese people. They could not even eat water, and they were penniless after the household quota. I fled from Fengjie to Enshi. I was so hungry that I staggered around. When I saw the radish and green leaves on the field, I pulled a handful of them and put them in my mouth. I also went to work with others in order to get some money for a meal. I felt really desperate. Some beasts even wanted to try it. This taste is worse than prison. Ignorance, stupidity, and ignorance of the world
For example, this is the first time that someone can eat a steamed bun with a fork. Why didn't you tell me earlier?
The fifty-cent spicy strips actually look like this, and they do look spicier than the ten-cent ones.
And how can an egg be so expensive? Robbing for fifty cents? And do you actually have the opportunity to eat one in a week and consider my feelings?
Today
To be a county magistrate, you have to pay a bribe of 30 million, or you will not be able to become one. The county magistrate contributes to the people, or how do he receive returns?