Graduation does not mean ending, but the beginning of a part of your life.
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Editor’s note: Graduation is a watershed, meaning you will be transformed from a student to a professional. However, people who have just graduated are bound to take some student thinking when they first start working, and have no clear concept of money. They will take some detours and fall to some point to understand the truth in reality. The author of this article has written three things he learned after graduation, and hopes to let readers take less detours. The article was translated from Medium, author Nicholas Leong, and the original title was 3 Things I Learned About Money After Graduation. This article is divided into three parts, this is the third part.
attitude
The other thing that will make you go very far is your attitude.
You might think this sounds stupid, but many people don’t realize it is the reason for a person to succeed or fail. Your overall attitude towards life and others will not only have an important effect on your income, but also on what kind of person you will become in the future. It is very important to understand your core values, your beliefs, and stick to them.
The obvious effect is your attitude towards spending money. Today, we see many young people driving luxury cars, holding expensive bags and buying expensive houses. They have influenced the other young people to follow their footsteps on the wrong ground, and the impact is huge. Please understand that many people like this either have a lot of money from the beginning, or they work hard to accumulate enough wealth to be able to afford such things.
So, when you buy (or want to buy) an expensive car, think about why? What is the core reason why you want to buy that car? Is it better to drive? Is it more comfortable? It Is there something you absolutely like? Does it look cooler? Or do you just want to show it to show off? Is it to win the respect of friends or let them admire you more?
The same is true for girls with branded bags. They function like ordinary bags, but they cost 10 times more. For what? For design, I fully understand, if you really think this package looks very good, then buy it. But the only reason you buy this bag is that there is a luxury on it.Brand, you may have to think twice. I am not saying that I don’t want to buy expensive bags. I mean there are reasonable reasons to buy a bag.
The situation is getting worse, and the wealthier friends around you are carrying such a package. It is important not to be affected by this situation and to stick to your beliefs. Facebook founder Mark Zuckerberg drives an Acura TSX (which costs about $30,000) and often wears a regular T-shirt. You can tell that even with this money, he spends his money wisely for the right reasons, and this attitude will make you go very far.
Don’t buy anything you can’t afford. It sounds simple, but you will be surprised to find that so many people will eat more than they can. You don’t want to be heavily in debt in order to get that good car. Instead, be patient and be smart. Always remember to record your expenses. Invest your money in the right place and let your wealth work for you. Studies have shown that your car can only account for up to 10% of your income. Therefore, if you earn 7,000 yuan a month and buy a beautiful car, even if you only spend 2,000 yuan a month, it will cost you a lot in the long run. And wait a few years, waiting for you to accumulate considerable wealth, you can consider buying a car you have been dreaming of driving.
Attitude also plays an important role in interpersonal relationships. Being kind to people usually gives you a bigger network of people, which may benefit you in the future. The opportunity I have gained in my career is a good example. During the internship, I joined one of the largest banks in the country through the recommendation of friends who have relationships with the bank. I also joined my current company through another friend who works at the university and joined the data team.
Do you think if I don’t take them seriously, will they recommend me? No.
If someone in the company recommends you, the chances of being hired will increase greatly. This is no secret. You can also skip the resume sent by everyone and be placed in the interview immediately. Therefore, regardless of each person’s background or ability, it is important to be kind to them. Who knows? After 10 years, he/she may become your business partner.
People also tend to share more information and knowledge with those who treat them. For example, if you are a good friend with a person working at FANG, you can ask him/her the type of work and general remuneration there, and they will provide you with information about the market value of the position you are interested in. Provide a benchmark for you to negotiate salary when necessary. (Note: “FANG” refers to Facebook, Amazon, Netflix and Google.)
Basically, relationship = money. If you are a good person, you will get a healthier relationship.
The last thing, learn to accept comments and evaluate itWe. No one likes a nuisance who always thinks he is right. Even if you think you are right, you can always get something from listening to others. You don’t have to agree in full, but in general, respecting the opinions of others is a rule of thumb for me. Especially on the issue of money, everyone has their own way to get more income. Some people may think that their method is better than others. Instead of arguing with these people, it is better to listen to their views on how to make a living, weigh the pros and cons, and then evaluate.
Conclusion
If you can learn one thing from this article, it is: Graduation does not mean ending, but the beginning of a part of your life. Don’t think that you have “successfully”. Instead, you should be prepared to read this article to manage your expectations for money, health and relationships. Always investigate your industry and the company you are applying for. Know that you are starting and increase your net worth by reading more popular skills. Finally, remember to keep track of your expenses and make sure you don’t spend as much as you can earn millions of dollars a month.
Finally, I quote a famous quote.
A lot of money is not the key to getting rich, but how to deal with it. – Dave Ramsey
Translator: Yoyo_J