In the early years of market upturn and financial expansion, ordinary people could indeed enjoy this part of the dividends.

The high interest rates at that time were more of a drainage cost for the capital demand side. You are interested in other people's interest, while others are interested in your principal.

When these dividends disappear at some point, due to people's path dependence and inertial thinking, they often cannot turn around at the first time, and the final result is that they fall on their faces and lose both the principal and interest. From P2P to private equity to trust, each asset level has a corresponding harvesting method. As long as you cannot judge the situation, think seriously, and keep up with the times, you will eventually lose everything.

Now is an era of financial rectification and contraction, and not losing money is the most important goal. At present, the best way to manage money is actually to deposit a fixed deposit and self-forging. Deposit a fixed deposit and lock in interest, at least in the face of falling interest rates, you will not panic.

And self-forging is essentially the pursuit of personal growth: investing in your own brain, investing necessary expenses in learning, meeting people, taking classes, training, and getting results. By improving your ability to make money, increasing cash flow, and making yourself the most valuable asset and continuously increasing your value, this is the best way to resist risks.

It is often said that if you hold cash in your hand, inflation will devalue your money. In the era of asset price growth, this statement makes sense. But in the era of asset contraction, if you start to manage your money just because of the panic of depreciation, you will fall into a bigger trap of losing money.

If you don't manage your money, your money will not leave you. Whether it is stocks, stamps or Moutai, these financial management behaviors are essentially spending money to buy emotional experiences and spending money to buy luck.

Reducing the spending of money and increasing the ability to make money are the most fundamental issues to fight against the risks of the times. #BTC☀

Finally, I wish you all can continue to cross the cycle, grow actively, and resist risks.