$ETH $BTC $BNB Buffett once said: "You can only be rich once in your lifetime."
—— Achieving financial freedom is not difficult; the challenge is to avoid falling back into poverty.
In the coming years, with significant economic fluctuations, the middle class must do three things to protect their finances:
1️⃣ Avoid Greed: Don't touch money outside your understanding
• Stock trading? Cryptocurrency trading? FOMO investing?
→ You won’t earn a penny beyond your understanding, but you can lose everything.
• Stay within your circle of competence; only engage in value creation that you understand.
2️⃣ Avoid Luxury: Downscaling consumption is wisdom
• Don’t be a victim of "refined poverty,"
→ Cars, watches, and bags won’t make you richer; savings will.
• Being financially conservative ≠ being stingy; it’s about preparing for the future.
3️⃣ Avoid Being a Soft Touch: Separate money and personal relationships
• Lending money? Acting as a guarantor?
→ 99% of the time, the result is: losing both money and friendship + turning enemies.
• Be firm when refusing; it’s better than begging when trying to collect debts.
