The First Wallet Rule: If You Don't Love Money, You Don't Deserve to Own It Now open your wallet, and you can see the possibility of becoming rich in the future. Do you arrange your money neatly by denomination, fold it carefully, and place it in your wallet? Or do you stuff it in haphazardly, not even knowing the amount? Or do you not put money in your wallet at all, but crumple it into your pants pocket?
The Second Wallet Rule: Establish Your Own Wallet Rules Robert, looking at the bottle of wine he wanted to buy, began to think: "Is it really necessary for me to buy this bottle of wine now?" Of course not. "Will drinking this wine bring me $8 in value?" Although he had never tasted it, it was certain that it did not have $8 worth of value.
"Then, if I pay $8 for this wine, can I recover the same value after drinking it?" After drinking, he would only get the satisfaction of "I also drank expensive high-grade wine" and the mellow taste of the wine. Nothing else. Robert closed his wallet, put it in his pocket, put on his coat, and left the bar.
Here are the spending rules you should follow:
- When letting money flow out of your wallet, think twice; when putting money in, don't hesitate for a second.
- Buy not the item, but the value. No matter how good the item, if it doesn't meet your value standards, don't pay a cent.
- If you ultimately cannot recover the cost, then don't open your wallet at all.
The Third Wallet Rule: Choose the Right Time to Open Your Wallet A colleague is stingy but hasn't saved money, while another is generous but has saved a lot. How is that? The stingy colleague spends money on unnecessary things for himself and rarely spends on others, so he hasn't saved money and hasn't left a good impression. The generous colleague buys water for everyone at department gatherings and meetings, earning praise, and his money is actually spent less than others, yet everyone remembers him. When spending money, you must choose the "right time"—with the least investment, using the best timing, to get the greatest return. That is truly spending money wisely.
The Fourth Wallet Rule: It's Not How Much You Spend, But Where You Spend It Many people simply calculate "I spent a lot" or "I have this much left," always saying they need money, but they don't have a specific allocation plan for the money in hand.
The Fifth Wallet Rule: Utilize the Liquidity of Money Little Peters' father advised him to deposit part of his $100 in a regular bank and use the rest to buy shares in a small boat company. A year later, the stock quintupled, and his father advised him to invest the profits from the stock separately. For the next five years, little Peters followed his father's instructions, maintaining the profit model of the first two years.
Soon, he had a "constantly circulating circle," which is "assets → investment → profit → separate principal and profit → save principal → invest profit in high-risk commodities → assets increase → investment." Every time he made money, he would create a new "cycle chain."
The Sixth Wallet Rule: Think with the Mind of the Rich Rather than saying the rich are those who go to heaven, it's better to say they are the ones who create heaven. This kind of thinking is the positive attitude that true wealthy people should hold. As long as your mindset remains upright, cast aside all closed-minded and outdated thoughts. So, why not change your thinking a bit—become a little more stingy, a little more cautious, and a little more persistent about money. The urgent task is to transform your thinking into that of a rich person.
Better than manufacturers in understanding distributors, better than distributors in understanding internal management
Like this article? Feel free to click the top right corner to share to your circle of friends; About us: WeChat name: FMCG Distributor Professional Consulting and Management Account introduction: 20 years of FMCG distributor operation and management experience, professional counterpart distributor department management: Senior marketing teachers help your business develop.