Six Hurdles in Wealth Accumulation

For ordinary people, there are 6 hurdles in wealth accumulation

Saving 10,000, 100,000, and 300,000, these are three small hurdles

1,000,000, 3,000,000, and 30,000,000, these are three big hurdles

Very few people can manage to save 10,000 without changing their phone, 100,000 without buying a car, 300,000 without investing, 1,000,000 without lending money, 3,000,000 without causing trouble, and not leaking wealth if they have over 30,000,000

Especially in the current special economic cycle, many people get more anxious when they can't earn money, and as a result, they lose money faster

Many people do not understand that the core of wealth is preservation, not speculation; you can win a hundred times in gambling, but as long as you lose once, you will wipe out everything. Therefore, preserving wealth is the first step in learning financial management

Many people, when they have some money, just want to spend it. When they see things that are roughly within their reach, they want to acquire them, eagerly wanting to experience the joy of spending money, regardless of whether the purchased item is a necessity or not, they do not consider it at all; they insist on spending idle money on idle things

When they save up to 10,000, they want to change their phone; when they save up to 100,000, they want to buy a spicy fish head for shelter; when they save up to 300,000, they want to buy a basic BBA, or invest in funds or stocks as assets; when they save up to 1,000,000, suddenly people around them appear asking to borrow money; when they save up to 3,000,000, they begin to indulge, either getting involved in personal matters or engaging in various circles and groups; when they save up to 30,000,000, there will be big brothers actively wanting to help them make big money, with annual returns calculated in multiples, only to finally discover it's a big pit

Therefore, the way to preserve wealth for ordinary people is not to avoid spending money or to avoid investing, but rather to refrain from spending when it's unnecessary, to avoid investing in things they do not understand, to hold off when they just start to understand, because money that isn't spent is still money. Once money is spent, it may no longer be what it was. Those who are capable of making big money or have the opportunity to make big money are a minority; the success rate relies more on accumulation than on gambling. Thus, for most ordinary people, wealth accumulation depends on preservation, creating increments while maintaining the existing amount.