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Language: en
Entrepreneur friends, great greetings..!
In this edition I will discuss about 'How Money Works'. you must be very pleased.
So, you have to understand that actually what makes you rich is not money. But you have to know how it works.
you understand how it works, then you can be rich.
So my tips this time are: "Understand the 5 Ways Money Works, Then You Will Become Rich".
The first. Don't chase money. 'What does this mean?'.
Many people throughout their lives continue to chase money. I say that it is not wrong.
But if the money is being chased, then it's just like you are chasing butterflies. It's like you're chasing a chicken, it's like you're chasing a bee.
The more chased, the more running. And not necessarily either.
Loh sir, what purpose do I work? Yes make money. Chasing money.
I said, "That's the most superficial understanding of how to make money."
But when you want to be rich, you are not looking for money. But how can you be chased by money.
And how to keep you from chasing money. I have often discussed this in my previous videos, including reflections.
If you give bait to the fish, the fish will definitely come.
If you want to catch a bee, you don't chase the bee. But provide flowers so he can raise honey.
So, you have to know how to be 'chased'.
. Understand that money will approach people who have value. Money will approach people who have value.
Remember, one more time. Gold is a valuable item. So when there is value, money will run to those of value.
Are you a person of worth or not? If you are a person of value, then you don't need to ask for a raise.
But you will be promoted, and your income will be increased 30 times higher. Why?
Because you have value for the company.
For example, now you have a social media account. Fill in your social media account, can money come with value or not? Or even shunned money?
If your social media account is shunned by money, then you will automatically continue to chase money for the rest of your life.
But if you can build the right social media account, the right Instagram account, the right YouTube channel, then money will surely come to you.
Not the action I mean here. No.
But maybe people will ask you to cooperate. The same.
Maybe if you in your company today become a good consultant, you have good values, then companies will hire you as a consultant.
Whether it's the bookkeeping consultant, maybe as an accountant, as an IT consultant.
Or maybe you as a doctor.
Why are there doctors who do, and there are doctors who don't? The answer is one.
One doctor has values, the other has no values. Doctors who have value, must have added value.
That's why the patients can be crowded, and so on.
So, you must have value. Don't chase the money. If you have value, it is you who will be chased by money.
Second, it's not how much money you make. But how much money do you save. This is the second point.
I have often discussed this in my previous videos. Remember, how much your salary means nothing.
Even if your salary is 10 million, this month, 10 million will be used up immediately. It means nothing.
Better than that 10 million, how many can you 'save'. How much can you save.
That is what will determine your wealth later.
And what you save, you save, you make an asset, then that asset will have value one day. And it can bring wealth to you.
People fail, all his life working for money. But a successful person, his whole life working not to make money, but to build assets.
It's that asset that will one day find the money for him.
That's what I often say in my previous videos. Even in the quotes that I have shared on social media. So you have to understand that.
The third point is that the value of money will definitely decrease.
So you have to understand how money works, that is, money will definitely shrink. The easiest example is like this.
What can you use 100 million in 2018 to buy?
If in 2018, with 100 million in cash maybe you can still buy 1 plot of rice fields, for example.
But in 2028, 10 years from now, what can you use 100 million to buy?
Never mind a patch of rice fields, maybe a quarter of a plot of rice fields you can't buy.
Same. 20 years ago, what was the value of 100 thousand? Incredibly big.
10 years ago, with 100 thousand you could buy baskets of goods.
But nowadays, 100 thousand can buy a quarter of a basket, which is good. Because the value of money is rapidly depreciating.
But if a person is rich, he understands that the value of the money will decrease. Why is the value of money shrinking? That's because of inflation problems.
Therefore, if you understand how to protect it so that the value of the money you are earning now is still worth 10 years from now,
then lock it in by saving.
You can watch my video '3 Ways to Save'. There is an explanation for saving precious metals/gold, there is saving for stocks,
and there is also saving for property so that the value of the money you earn now in 10 years will increase in value over time.
Not running out. It's pretty clear, right?
So, again, the key is to understand how money works, save up right away.
Fourth, don't invest your money in areas you don't master.
Often many people suddenly make a lot of money, for example he gets a work contract.
"Hooray .., I get a large amount of money .. !!"
Or work abroad as TKI or BMI. Returning with money to Indonesia 200 million-300 million Rupiah. Cool..
In the past, there was no salary of 1 million. Now, suddenly 300 million.
Because you don't have good financial intelligence,
you end up investing the large amounts of money you make in areas that you don't have control over.
people say, "let's raise catfish .. !!" You invest 50 million in catfish livestock. As a result, it was destroyed.. The catfish were all dead.
"Come on, raise chickens.. !!" You don't know the field. You have no experience in that area.
Then you join your livestock friends, in the end all the chickens die. Then the chicken was stolen, lost.
Then what? "Let's invest in coal..!!" for example. Then the value of coal goes down.
It turned out that after the investment, there was a permission problem. Finally, the money floated. In the end, you are the stress.
You have worked abroad maybe for years, came home to make 300 million, but it was exhausted and finally stressed.
Then finally how? Due to stress, confusion and confusion, I finally returned to work abroad.
Often the turmoil that happens like that. If you don't understand how money works, it's better if the money you earn is saved. You can watch my video '3 Ways to Save'.
Except if you really master the field of business.
For example, you do have skills in the culinary business. Can open a depot, for example.
Or suppose you are good at selling. You control the product you sell.
You open a facial business, for example. Many of my students have opened a facial business. Open a beauty clinic business. That's fine too.
If you have the ability in that field, please. Develop. Then the value of your money will rotate.
But if you don't have the ability in the field of business, it's better to just save. Or buy fields, buy property. Finished.
If in the village maybe what can be bought? Maybe buy a cow or a goat. It's OK.
It has more value than you don't understand any line of business, but you invest in a business that doesn't work. It's just getting worse.
And fifth, know where your expenses are. So you have to know your expenses.
The problem is this. In Indonesia, there are many people who are entrepreneurs, but the money they work with is put together.
Together with money for expenses. So the business capital plus the profit becomes turnover.
Finally money for work, money for business, with money for expenses become one. For example, you open a grocery store.
In one day, you can earn 4 million, for example. It seems a lot. However, out of 4 million it consists of several parts.
There is capital money, there is money used to buy more goods, then there is profit money.
If you can't sort it out, it will eventually all be used up. Could it be that the 4 million is floating around?
Capital money is lost, money for capital to buy goods is also lost. And profit money is also gone.
Often, they can't sort out the money.
As a result if he was asked, "How much is your profit in 1 month?". He couldn't answer.
I don't know the net profit. Anyway, as far as I know, just play every day. As long as there is capital money, I can still eat, that's good.”
Their answer is like that.
In my opinion, SMEs like this will never grow big because of this mindset.
Therefore, watch my video "5 Levels of Entrepreneurs". There I have discussed how you can rise to the second level of entrepreneurs.
If you just have financial problems with this store, or even a small business you can't do it, don't expect you to be able to go to the next level.
You don't know your expenses. So you don't know where your cash flow is.
Where is your cashflow? The flow is not clear.
Even though the money you have to use for how much capital? How much money should you use for expenses?
If you know, for example from 4 million. "I can only use 1 million at most." That's it.
Why can't you use all your profits? Why can not?
You need to maintain again. Need to hire more employees. Need this again, not to mention if the price of goods rises.
You can't use all those profits.
Maybe you take that profit only 50%. 500 thousand. Well that's that then.
"I can stress sir. 500 thousand is not enough. My expenses are 1 million”. Yes, increase your turnover. That's all.
So, you have to know how much your expenses are.
If you don't know where your expenses are, then you will never be a successful trader for the rest of your life trading.
Will not be a successful businessman. Why? Because of that, what I said before.
You don't know how much your expenses are. Write down how much you spend.
Thus, you already understand these 5 ways of working. Hope this video inspires.
Hopefully this video gives you an overview and insight.
Don't forget to like, give your positive comments below, and don't forget to subscribe.
And share my video with your friends. And don't forget to watch my 2 videos on the right.
Success for you, hopefully always inspire. Always a great greeting extraordinary .. !!