Bodo sheper- How to increase your income through wealth leverage

Let's learn how to increase your high income through the book Bodoschaefer Wealth Leverage. Wealth Leverage asks you how much you want to earn. It is said that the beginning is determined by writing down the goal. Even in bankruptcy, Bodo Shefer vows to pay off the debt within three years. In this way, he earned $100,000 per month. 

 

 

One of his commandments is to love everything he does.  He says you shouldn't be lethargic when you're doing your job. If you love everything you do, you will be able to determine the direction of your work. It means that you have to work independently, not as a victim of work.

 

What's the secret to doing a good job?

As Bodo Schaeffer said, "Love your work no matter what's in front of you," and if you love your work, you will enjoy your work, and if you focus on it, you will be able to complete your work efficiently. Even if you do the same thing, it will be different because of the difference in attitude. Take the case of a restaurant that is doing well. A place where teamwork and vitality are felt is alive because people enjoy their work, not just their work. Once you've chosen a job and decided to start it, it's important to focus on it. He also tells you to think of what you do like a game.

 

Why does it help me succeed?

It is said that if you think of work as lightly, like a game, you will be able to approach work flexibly and generate creative ideas. If you 'play' like a game, you can become desensitized to failure because you can have fun rather than worrying about the consequences. Self-confidence is important for personal success, and in order to build self-confidence, you need to be aware of your abilities and try to be confident. If you have the proper courage and possibilities, you need to be confident and proactive. By playing with confidence, you can achieve success and gain confidence at the same time.

 

What would it take to increase the magnitude of success?

It emphasizes the importance of the ability to see. This is because they value their own abilities and experience. If you want to seize an opportunity and not miss it, you need to build your confidence. That's why it's helpful to keep your own 'success diary'. In the success diary, you record the events of your day, summarize the successful parts, and take the time to end the day and record them. The more successful you are, the more confident you are in your abilities and growth. If you are confident, you can increase the size of your success. In order to succeed and grow, we need an attitude of sharing help and joy. He talks about people's response to positive vibes and says that it contributes to productivity. It is also important not to get carried away by trivial things, but to increase the size of your bowl, to have a sharing attitude, to share help and joy, and to build a positive reputation. We must not forget the commandment to strive to become a great person. It emphasizes the importance of striving for success and growth. All of these attitudes and efforts create opportunities and are rewarded with higher returns.

 

What are the commandments for getting a high income?

Handling small matters calmly and not getting overly excited: It is said that this is a way to cultivate composure and restraint. People with a broad mindset work together with others, handle situations smoothly, and strive to become successful individuals. There are no specific technical advice for making a high income. All tasks are performed by people, and the qualities and attitudes of leaders play a significant role. The five guiding principles for becoming a successful individual are: loving everything you do, cultivating confidence like playing a game, sharing help and joy, and making efforts to become a successful individual.

 

What is the secret of wealth?

he secret to wealth is leveraging. It is a book that reveals the key to becoming rich for those who have increased income, expanded assets, and sufficient time. The greatest leverage is not borrowing to buy real estate, engaging in stock futures trading, or investing in cryptocurrencies. It is investing in oneself. The secret to wealth is leveraging.

"The Wealth Leveraging" is a book that discusses the key to becoming wealthy for individuals who have increased income, expanded assets, and sufficient time. The greatest leverage is not borrowing to buy real estate, engaging in stock futures trading, or investing in cryptocurrencies.

 

It is investing in oneself. What do rich people have in common?

Investing in oneself is considered the most valuable asset, and it is emphasized that significant wealth follows when one invests in personal growth. As of 2022, the average income of the top 1% of households in terms of assets exceeds 200 million per year, and it is not solely dependent on the rise in real estate prices to become wealthy. Sufficient time, personal assets, and effort are necessary factors in achieving wealth. What is the role of company value and systems in stocks? Businesses can sell. An important concept here is PER. The P/E ratio, which represents the value of the company, is the ratio of the stock price/net profit, which reflects the company's future earnings and can be sold at a price of 5~10 times or more. The reason you buy a company is because you expect it to make you money in the future. Investors believe in a company's money-making system, and in order to make big money, you need to build a system, not just create a big conglomerate. If you create a system in your company so that you can run without a boss, you can make a lot of money, even if it's small.

 

What is the best way to earn a high income?

It is said that when it comes to YouTube channels, channels that are done by one person do not sell well, and the same goes for large channels. Therefore, when preparing for your next business, it is a good idea to plan what you can sell. Differentiation is important here. It is said that in order to earn a high income, it is important to "stand out" rather than overwhelming ability. The best way to do this is to differentiate and organize. It's important to do things in a visible way and to seize game-changing opportunities through a systemic approach and organization. No matter what kind of job you have, you need to think about differentiation and think about a systems approach to change the game.

 

How do you succeed through differentiation?

There's only one thing you need to differentiate yourself from the red ocean. That's usually the key to success. You can make a splash in the blue ocean, but you can also easily disappear into an unpopular field. For example, if you're running a new café, you need to create a special atmosphere, menu, and service that is different from Starbucks. It's important to make this distinction known.

 

What do you emphasize in a book review?

There are many book review channels. You have to find a way to imprint it into another dimension. In order to differentiate ourselves, we need to think deeply about what we can change and constantly challenge ourselves. Instead of working according to what the company has set for you, you should strive to make a profit based on your own values and desires. The example of CEO Kim Min-joon's salary negotiation introduced on the Draw and Dury channel is a reminder that company bylaws can be flexible.

 

How to pursue a high income?

It is said that it is more effective for companies to increase income by having an attitude of restricting work directly than by raising income through hiring conditions or open recruitment. You go to a company and say, 'I can bring this value to this company. So let's work with you' seems more capable, and entrepreneurs are always looking for talent that is hungry. You may be rejected when you make an offer like this, but if you don't make a fool of yourself, some of the entrepreneurs will be able to accept the offer and provide you with a high income. If you are not bound by the rules and make bold offers, you will make yourself look more capable and earn a higher income. Since our abilities are not objectively evaluated, a confident offer will make you look more capable and give you the opportunity to earn a higher income.

 

How to get rich?

Whether it's what you can sell, differentiation, or changing the rules, the experience of the rich shows that you can get rich only if you change your mindset and act positively. The experience of the wealthy shows that by building a merit-based system, they can create new rules that have overwhelming value and lower tax rates, making it possible to invest and sell. Sufficient funds increase your chances of making a lot of money. In order to become rich, you need to learn from successful people who have already achieved their goals.

 

What is the attitude for wealth growth and wealth creation?

In every situation in my life, the responsibility lies with myself. It is also important to be responsible when it comes to money. Wealth creation always requires preparation and hard work. Luck is also the result of our own making. You can only grow if you have the mindset that you make all the changes. If we keep trying, luck will be ours. If you want to be rich, you have to take responsibility and work hard with the mindset that you make all the changes. How to get rich? The best way to prepare for the future is to create it. The second secret to becoming rich is self-control. You don't get rich just by making a lot of money. The real rich are those who accumulate assets through regular savings and are able to live solely on the cash flow from those assets. It teaches us not only to maintain moderation in sensitive money matters, but also to remember that moderation is also necessary in our studies, sports, and relationships. It can be said that what comes out of self-discipline is more efficient asset management and a stable life.

 

What are some tips for debt and income using debt?

Debt for valuable assets is good debt, and debt for consumption is a bad light. If you're struggling to pay off debt, you could miss out on investment opportunities, so it's important to stock up on cash and act in moderation. It is also necessary to improve your own value in order to increase your income. Since the company does not recognize value, our income is determined by how much we contribute to the market. Lastly, it is important to keep in mind that the salary is not an increase, but rather a higher salary for oneself.

 

What is the most important factor in the maximum return formula?

According to Bodo Schaeffer, there are five formulas for maximum returns: quality, energy, awareness, self-worth, and ideas. In this formula, awareness is the key secret to raising income right out of 100. It's important to take the time to promote and raise awareness of you and your product to increase your value. Bodo Schaeffer says that for a typical working person, if we assume 5 for work, 7 for enthusiasm, 3 for awareness, 8 for self-esteem, and 7 for ideas, multiply the product of these items by 500 to get the maximum amount of money you can earn. However, it's helpful to keep in mind that you can increase your maximum profit by increasing your awareness score.

 

How can I increase my income?

This is an era where awareness has a huge impact on income. Skill is important, but it's important to know that awareness can drive results. For example, if you compare YouTube creators to high-earning people, you can see that awareness plays a big role. No matter what field you're in, it's important to perform well in order to raise awareness.

 

What is the 3-step formula for financial freedom?

The three steps to economic freedom are to have an economic airbag, ensure economic stability, and enjoy economic freedom. The way to calculate airbags is to calculate the minimum cost required and the time it takes to find your next job. Then, for 6-12 months, you can make ends meet and try a stable and profitable way to invest. Lastly, it allows you to enjoy financial freedom by starting or investing in a successful business. What is the first step to getting rich? There are three steps you need to take to achieve financial freedom. In the process of getting rich, crisis situations can arise at any stage, so economic airbags are a must. Seventy-five percent of self-employed people will go out of business within five years, so it's critical to make smart decisions with an economic airbag. Economic airbags provide psychological stability and prevent financial problems in the event of a crisis within the household. Let's remember that equipping yourself with an economic airbag is a must as the first step to getting rich.

 

What is a safe way to invest in a financial crisis?

Economical airbags are about preparing for a crisis, and it's important to build them in advance. To build an airbag, you need to create a budget, control your spending, and know where and how much money you spend. At this time, you need to use the safe investment method (savings, savings, insurance, etc., a method of making a profit but not losing money) to save money. Safe investment laws value stability, but they can also be costly in terms of returns. However, you need to think about stability first, and be careful not to take bigger risks even if you make a profit.

 

What is the "40-40-20 Investment Law"?

"Economic stability" requires sufficient principal to live on interest alone, and 150 times the S&P 500's 40-year average annual return of 8%. For economic stability, we recommend the "40-40-20 Investment Method," which divides investments into 40% equity in safe deposit-like assets such as economic airbags, 40% in stable investment products such as listed stocks, funds, and real estate, and 20% in high-yield products.

However, even if you are 20% profit-seeking, you should choose a place where you can put your money in the long run. In order to achieve financial freedom, you need to control your mind well, and you can gradually achieve financial stability and freedom with the "40-40-20 Investment Method," which allows you to expect stable returns to accumulate wealth.

 

How to invest in unrealized dreams?

Be specific about your dream and calculate your expenses. Estimate your living expenses, such as cars, travel, sports, and your parents' pocket money. On the basis of economic stability, look for investment products that offer returns of 20%~30% or more. Build an economic airbag for financial freedom, achieve stability, and then take a big adventure to achieve great wealth. The whole process of economic freedom must be sequential. You need to be able to try new things and be prepared to fail in your investments in order to maintain your economic stability.

 

What is the secret of wealth?

The number one rule of success is that you can't be hasty or take too many risks to succeed. Making money fast isn't the secret to wealth, and the real rich try to grow gradually. It's important to listen to the advice of someone who is capable, but it's also important which book you choose because there are many successful people. You may not be able to read all the books due to lack of time, but reading them is a good start. It's important that in order to achieve success in life, you need to aim higher than what you are currently in. As you work towards your goals, you will come to a turning point in your life as a whole.

 

How do you achieve success?

When you set an unreasonable goal, change begins, and you start to think about the changes and actions you need to take to achieve your goal. Successful people work like crazy and achieve unreasonable goals. It's important to find something you love to do. For ordinary people, life determines their goals, but for successful people, their goals determine their lives. Japanese anime enthusiasts and those who enjoy it always have an edge over the competition. As a way to find something you love, you have to step outside of your comfort zone. We hope that you will discover new dreams and take on new challenges through new experiences and activities.

 

What are the essentials for success?

Bodo emphasizes the need for "a willingness to immerse yourself in something you don't like, even if it's going to be hard." By doing so, I can feel the 'aha' moment and get help finding what I love to do. Success requires enough action and practice. You need to practice like a dice game and not just try it once. Doing so will bring you one step closer to success in the end. At the same time, action and practice are important in every challenge, and the risk of investing should be minimized. Advice for success,

 

Who are you to follow?

It is said that in order to be successful, you have to take risks and make bad decisions. It is said that successful people never put in the right amount of effort, and even when they were faced with failure and humiliation, they took risks once again. Mentality is important to improve the situation. It is said that successful CEOs, wealthy groups, etc., are all mental alchemists who have created their own mentality. The bottom line is that a life without risk keeps you at a breaking point, and you have to constantly move forward in order to keep growing. Bodo Schaeffer's Winning Habits is an essential guide for anyone who wants to grow.

 

What role does patience play in success?

Success comes from setting the right goals and actions, being patient, and committing to them. Patience is about waiting for the right opportunity to do what you want and what you want to do. Patience isn't about being able to withstand the onslaught of negative things, it's about waiting for positive things to give you a chance. Real patience is about staying driven. It is important to maintain good habits and keep the engine running. Success is about maintaining habits and constantly improving your skills. The secret to the golden mentality is perseverance for skill.

 

What does it take to succeed?

Life requires momentum, and if you don't have it, one minor obstacle can bring down your entire life. But if you have enough momentum, you can push through all obstacles without hesitation. So, if bad habits are hindering your momentum, you need to break away from them, and doing so will give you more and more momentum of growth. To succeed, you need to set the right direction, exercise patience, and keep going. True perseverance is about staying in good habits and not shutting down your success engine. They dream of overcoming their fears and worries to take on the challenge of creating a golden mentality, but 99% of them hesitate to take on the challenge because of fear. Mental alchemists realize that when pain starts, they can overcome it. When you are worried and afraid of pain, that is the moment of greatest fear. If you can handle your emotions, you can overcome any fear and pain. Having the habit of accurately defining the problem and finding a solution can help us overcome our worries and fears.

 

What is the mentality of the rich who see darkness as light?

The only solution to the darkness is light, and the light that dispels the darkness of worry is gratitude. The reason we want financial freedom is to find answers to problems that money can't solve. The rich see problems as opportunities. We believe that we can become stronger by solving problems, and we are willing to accept them. And with that, you decide what to work on. However, there is also a warning that if you have the negative thoughts that come with wanting to be rich (oh, my head hurts, I don't want to be rich), you will only solve simple and trivial problems. What is the connection between problems and growth? The proverb says that light dumbbells don't make your muscles bigger, and you can strengthen and improve your mentality by coping with difficult trials and problems. Mental alchemists have come to problem-solving and growth for wealth and success because they see opportunities for learning and development in the highs. It is said that if you develop a positive mindset and patience to see problems as opportunities, you will be able to get out of them quickly, and this golden mentality is said to play a crucial role in your success. When you face difficulties, look at them with a positive and grateful heart, and use them as an opportunity to develop your inner skills and try to solve them.

How you deal with a problem can be the key to your success. No one may be able to overcome a problem perfectly, but as they solve it, they grow quickly and become stronger. So far, I listened to books and lectures and tried to organize them.

2024.02.24 - [분류 전체보기] - Auto-rich habit(Book)

Auto-rich habit(Book)