Each of us is an asset, which is what we call human assets. Our human assets can be improved. Many young friends said that they had just worked for a short time, their wages were relatively low, and they didn't have much money. Do they still need to invest?
The first thing to know is that no matter what our income is, we need to invest, because investment requires experience. During investment, we will encounter changes in the market and responses to bull and bear markets. It takes time to verify and accumulate. The earlier we start investing, the more experience we can accumulate.
But low income is also a problem, which means that we don't have much money to invest. If the principal is small, even if we make money, we can't solve our life problems. The root cause of low income is the low value of human assets. Therefore, when we are young and have low income, it is more important to work hard, study hard, improve ourselves, improve the value of our human assets, and improve the cash flow of this asset.
The uniqueness of human assets is that they can improve their value by virtue of their own subjective initiative. Compared with the stock market, it is difficult to improve the value of stocks even if our subjective initiative is higher, but our human assets can be improved through our own efforts. We were asked to study hard when we were young, so as to find a good job in the future and enjoy higher human asset value. Education is a good investment, which can significantly improve our own human asset value.
Even after going to work, you can study hard and work hard, which can significantly increase your income. For example, obtain work related certificates to increase income. Provide consultation (such as doctors and lawyers) for those in need to increase their income. Writing articles in spare time to earn royalties, etc.
As the saying goes, "When there were few good times, we should not lose the good times". We should make continuous efforts and improve to make our human assets more valuable. Then invest with an undervalued index fund to get twice the result with half the effort and let the wealth accumulate faster.
