I saw a screenshot of a quote from the character Mr. You Benchang in "Blooming Flowers" on my friend's social media. The earliest reading of this paragraph "The Three Wallets Theory for Men" was in Feng Lun's "Savage Growth"—
The first wallet is cash and assets, which are materialized. For example, deposits in the bank, real estate, stocks and bonds, your #Crypto token, these are visible and quantifiable wallets.
Holding onto the first wallet is fundamental. Strive to work and make money. It is real wealth and confidence.
The second wallet is credit. It refers to how much money in other people's pockets you can control. Amplifying the second wallet may lead to the growth of the first wallet, and all of this is built on who you are? What do you have? What value can you bring to others?
Learn to build good interpersonal relationships and credit records. Don't open it easily, using other people's money is not without cost, use leverage reasonably.
The third is the psychological wallet. This is intangible, entirely based on a feeling. Similarly, 1000 yuan, some people think it's a lot, expensive, while others do not, because everyone's total assets are different, the mindset of spending it is different, and the psychological feelings are also different in times of smoothness and difficulty.
This world is very realistic, the poor save money, the rich borrow money to make money. Adjusting psychological expectations and risk control, the purpose is to keep the third psychological wallet balanced.
In the drama, it's more artistic, but Feng Lun's book is more straightforward. The secret to successfully making big money is to figure out:
What should be done
What should not be done
What is done cannot be said
What is said cannot be done
What cannot be said or done
I recommend my friends to take a look at Feng Lun's "Savage Growth" and "The Ideal Plumpness" when they have time. Essential reading for middle-aged men in the toilet! 😂
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