Magical formula for wealth
Persistence, perseverance is one of the **** the same characteristics of successful people, line thousands of miles of people half ninety, this reasoning is understood by anyone, but only those who can do it can succeed. Throughout history and modern times, no matter what field you want to succeed, you must have a diamond like superhuman willpower, indomitable perseverance. Making money is of course the same, you must have perseverance to make more money.
Suppose a young person is able to save 1,400 dollars a year from now on, which I believe most people can do easily. Then use this money for stock and real estate investment, under normal circumstances, get 20% return on investment every year. How much wealth could he have accumulated over 40 years of this kind of persistence?
This is a difficult question for many people, and the usual answer is between $200,000 and $800,000 in ultimate wealth. But according to the formula for calculating compound interest in finance, the resulting figure is staggering. 10.28 million dollars, an astronomical figure! This amazing formula shows that anyone can become a multimillionaire if they can stick with it for 40 years.
This wealth formula is not a fabrication; examples can be found in reality. An American called Rotolo, who was 33 years old in 1986, suddenly remembered to invest to earn money. What to invest? He was in his mother's help, booked an investment plan: is to put their own income: 10% investment into the stock market, because a person out of 10% of the income will not affect his normal life, and then reinvested with dividends. But he insisted on one principle: no matter how up and down the stock market fluctuations, do not sell shares. After decades of patient accumulation and waiting, he owns more than $4 million in shares and earns more than $200,000 a year on his investments, much more than many speculators in the stock market make.
There is an illiterate old woman in Hong Kong who also benefits from her perseverance in speculating in the stock market. However, she does not refrain from buying and selling stocks, but always operates according to certain rules, and what is remarkable is that she is not moved by any situation she encounters and adheres to this principle. The old lady worked as a maid when she was young, earning a meager income. After retirement, she only relied on her past savings and her children's charity to make ends meet. However, she was a person who could not stay idle and always wanted to find something to do, so that she could pass the time on the one hand and supplement her living on the other. At the time, Hong Kong people were keen to speculate in the stock market, and many of them had made a fortune.
So the old woman decided to venture into the stock market. She first went to the stock exchange for more than a month to soak up some knowledge, and then took out her own savings of 50,000 Hong Kong dollars to speculate in the stock market. In three years, she earned more than one million Hong Kong dollars by speculating in stocks. The old lady's way is very simple, which stocks fell 3 days when buying, up 3 days when selling, set on hold, never cut meat. 3 years, Hong Kong's stock market, those who jumped up and down to make money very little, while the old lady but earned a very stable, and became a businessman. The old woman ignored any economist or newspaper theories, is to rely on the perseverance in the unpredictable stock market has been a lucrative return.
"You can't make a thousand miles without building up to it". Taking money from the Jubilee Plate is just a beautiful legend, and getting something for nothing simply doesn't exist in the real world. The down-to-earth Wenzhou people are relying on the perseverance of perseverance and more than ordinary people's determination, in the ups and downs of the shopping mall profit.
Perseverance is victory
Making money requires perseverance, which in fact is not a secret, this has long been a very old Jewish business. Jews no matter what business, no matter what difficulties encountered, at least three months to adhere to. In this three-month period, even if you lose money every day, you have to put in the maximum energy to operate. Jews believe that business can not be too indiscriminate, to make money from scratch, from small to large, must be every business in place, and in place one of the criteria is to adhere to enough of a certain period of time, and then open the way for the next business. Time is sometimes not the bottom line, but a certain amount of time before you can really win.
Ancient China, there is a man called Zhuang Bojing, keen on the immortal way, but also do not know how to cultivate, so every day at dusk, he sat facing the northwest, concentrating on the image of the Kunlun Mountains. He had been doing so for 20 years. One day he finally saw the Kunlun Mountains and climbed the mountain to become an immortal. If you can do something persistently, you will have no problem becoming immortal, and it seems that making money is even less of a problem. It can also be said that sincerity is the key to success.
Many people who want to make money, once they encounter difficulties and resistance in the process of creating wealth, they will slacken off, become frightened or disheartened in front of the difficulties, and no longer have the intention to forge ahead, for fear of doing more than one day to lose one day. Often in the wealth of a step away from the place to stop the pace of progress. Because of the lack of perseverance, so the wealth and they missed.
In fact, wealth for everyone is the same distance, can not perseverance is the key to find the wealth.
Wu Yunqian is now the chairman of Dalian Hundred Years' City Group Co., Ltd. In August 1988, at the age of 17, Wu Yunqian came to Dalian alone, and now the Hundred Years' City Group under his leadership has become a commercial real estate newcomer that has attracted attention in the industry. As he said himself, "I don't have any secret, I just keep on doing one thing!" This is the secret of his success.
Wu Yunqian said: "Over the years, I have been doing business in Dalian, made a lot of money, but also took a lot of detours. But Wenzhou people do business with a concept: not afraid of losing money, afraid to stop! Because the loss of money can earn back, and stop means that the opportunity to make money is gone, never turn around."
However, Wu Yunqian said "has been insisting on doing a thing" does not mean that has been doing a certain kind of business, but has been insisting on doing "make money" thing. Wu Yunqian has opened a clothing store, textile trade, operating a restaurant, now engaged in commercial real estate development. In short, he has always maintained his passion for entrepreneurship and persisted in making money.
Why does it take perseverance to make money? Perseverance means getting more opportunities than others. Because when everyone else has stopped moving forward, you are still insisting; when everyone else has given up in disappointment, you are still carrying on, then you can pick up the opportunities that others have thrown away.
The more difficult to insist
July 1986, Ye Kangsong resigned from the Shangtang town party secretary's position to found the Oubei fruit experimental farm, but soon after the sea he encountered a "Waterloo" - he was in the Cangnan horse station area of the shrimp farm was destroyed by tidal flooding. The farm was washed away by the tide, more than 200,000 yuan to go down the drain. Suffered a serious injury Ye Kangsong because of a chance, began to the United States to start an agricultural development company.
August 1991, Ye Kangsong's "U.S. Kanglong Agricultural Development Co., Ltd." announced the establishment of the company, in fact, is a desk, a telephone.
Ye Kangsong first raised fish, then airlifted mushrooms, and then joined forces with a Chen boss, each investing 40,000 U.S. dollars in mushroom farms. The mushroom business was doing well, but because of the secret collusion between the boss surnamed Chen and another Taiwanese mushroom grower surnamed Xie, they conspired to force Ye Kangsong to resell his shares at a low price, and all the employees of Kanglong lost their jobs as a result. He encounters another sinister test of humanity.
How to explain to the leadership of his hometown? How to report to the folks? The face of Ye Kangsong once thought of lightly, in his wife Jia Mei's comfort he quickly pulled himself together, and made the decision to rise again: first, we first go to work to survive; second, he and another person to look for opportunities to engage in trade.
Wife Jia Mei and a few others went to the Taiwanese garment factory as a sewing laborer, Ye Kangsong is every day suit and tie, well-dressed to go out and look at the market to find business opportunities, and he soon from the information provided by others began the lighter trade.
I didn't expect a small lighter achievements him. From the end of 1992 to the beginning of 1994, Kanglong first air transportation, and then containerized shipping, a large number of Wenzhou lighters constantly shipped to the United States. In addition to the Los Angeles headquarters of Kanglong, he has set up branches in Dallas, New York, Chicago and other places, the branch named Kang Jin, Kang Xiujiu, Kang in the Kang, Kang Hua metaphor for the Fairview of China! Kanglong soon became the largest supplier of windproof lighters in the United States, and Kanglong Company was renamed Kanglong Group.
At the same time, Ye Kangsong put forward the "Wenzhou goods sold in the United States" business ideas, in addition to lighters will be Wenzhou knives, Longquan sword, Taishun wooden toys, Wenzhou tourist shoes and other products sold to the United States. In less than two years, Kanglong Group exported 20 million dollars of products for Wenzhou. At this time Ye Kangsong frequently in and out of the country, become Wenzhou's premier big businessman.
Anyone can misjudge the situation, however, because of the U.S. decision to implement CR regulations in June 1994, Wenzhou lighter dealers scrambled to stock up in less than a year. Ye Kangsong's Kanglong Group also made a serious low-level mistake: it successively ate in 6 million lighters, and when he realized the seriousness of the problem it was too late! More and more lighters are going out on the market, some even below the export price of Wenzhou to sell.
The mistake of this decision, Ye Kangsong lost 40 million yuan at once. Wenzhou's international long-distance one after another, a close call for payment ...... how to do? Ye Kangsong premonition of another serious situation appeared, but has failed once he did not mess up this time, but quiet and calm thinking.
After countless sleepless nights, Ye Kangsong, after much deliberation, thought that "Chinese goods sold in the United States" does not work, then the opposite, to engage in "American goods sold in China," what to sell? Sell American ginseng! Because Wenzhou people like American ginseng very much, and Wisconsin is not far away from this is the main production area of American ginseng. But at that time, American ginseng trade also has great risks and difficulties, first of all, the introduction of the domestic planting of American ginseng in Jilin has been successful, 100 yuan can buy half a kilogram of fresh ginseng, and secondly, the market of American ginseng is mixed, and the fake products are full of, this time to sell American ginseng is too many negative factors, can be successful?
Ye Kangsong does not think so: the unfavorable factors, on the contrary, give him the opportunity to operate the pure quality of American ginseng. He is full of confidence because there is a new business ideas: First, we must do the brand, called Kangsong American ginseng, in order to guarantee the quality of their own reputation is pure; Second, American ginseng in China since ancient times are sold in pharmacies, is considered to be a drug, and he wants to engage in monopoly, made into a gift, to change the people's inherent concepts, to expand the sales volume.
So, Ye Kangsong immediately went to the ginseng garden in Wisconsin, the main production area of American ginseng, and applied for membership in the Ginseng Farmers Association; and opened the American ginseng store in Wenzhou with the Wisconsin Lieutenant Governor McKellen for consultation and discussion, and invited him to go to cut the ribbon at the opening of the store in Wenzhou.
In the morning of April 2, 1995, the world's first American ginseng store opened on Xinhe Street in downtown Wenzhou. The vice mayor of Wenzhou and the lieutenant governor of Wisconsin attended the opening ceremony and cut the ribbon. This attracts people's attention at once.
At the same time in the operation and development of American ginseng, Ye Kangsong also set his sights on another new goal: that is, ovalbumin, deep-sea fish oil and other lipid-lowering health care products and serums and other beauty and skin care products. He believes that the reform and opening up of China's people to live a rich life, popular in developed countries in the West, "rich people's disease" will soon appear in mainland China, lipid-lowering health care products market demand will be more and more. He named his health product "K-MKS", meaning "biggest and best", which translates to "Kangmax".
He had a clear idea when he developed and operated K-MKS: first, he wanted to have his own brand; second, he wanted to establish his own sales network. He also gave himself to establish a grand goal: not to do has been, to do to become the first brand of domestic imported health products! This is an ambitious goal, the implementation is not easy.
In order to achieve this goal, Ye Kangsong in the business process from wholesale to do terminal major business model change. He relies on his party cadres from the work experience and theoretical level, to the national agents put forward a new business philosophy: "*** create a century of brand, *** build a century of network, *** enjoy a century of benefits, *** dedication to a hundred years of health" - that is, Comax The "Four Hundred Concepts" of Max.
Under the guidance of the "Four Hundred Concepts", a cohesive sales team has been formed across the country, with the goal of establishing a huge sales network. To establish a large sales network as the goal of the "1333 project" has been successfully implemented, today Comax has spread throughout the country urban and rural areas, and has become a household name in health care products brand.
Perseverance Ye Kangsong success, because the export of American ginseng's outstanding performance, he has become a social concern in the United States in Los Angeles. 1996 Spring Festival, he and more than 80 Chinese entrepreneurs across the United States were received by President Clinton and participate in the presidential breakfast; in February 1997, "Wenzhou U.S. hometown associations "was established in Los Angeles, he was elected as the first president; in 2000 he participated in the Los Angeles Bush and local overseas Chinese leaders to meet and take pictures, *** lunch. 1998 fall, Ye Kangsong received the most important honor of his life: in the 20th anniversary of the reform and opening up, was selected as the top ten Wenzhou reform and opening up of the man of the hour.
Now there is such a saying, businessmen are better than all-round athletes, sometimes than the explosive force, to see who moves fast; and sometimes, than the endurance, to see who can stick to the end. Therefore, perseverance and persistence is one of the necessary qualities for businessmen. Drops of water penetrate the stone, streams converge into rivers, only perseverance in order to grasp the market opportunities when others falter; only perseverance, in order to face the difficulties without giving up. In the complexity of the difficulties in the chaos to make sense of the situation, become difficult to power, disadvantage into an advantage, and ultimately achieve success.