Reading Warren Buffett Won't Make You Rich: The Simple and Unpretentious Financial Management Method for Low-Income Earners

Do you think... that after reading a few financial books, you'll become Warren Buffett?

Don't be silly! If you aim too high without a foundation, be careful not to lose everything!

Try an unpretentious and even "boring" financial method to turn a 23K salary into your first bucket of gold!

Just entered the workforce with a low salary? Crushed by car loans, mortgages, or even student loans?

Afraid to get married or have children because your bank savings are less than a million?

Financial master Cui Yingsheng tells you:

"Even if your annual salary exceeds a million, you'll still live paycheck to paycheck if you don't know how to manage money!"

"Living lavishly and carefree when you're young leads to financial hardship in old age."

"If you don't manage your money, your money won't manage you. If you want to learn, start by tracking your expenses."

Q: How much should I save?

A: A family's savings should account for one-quarter to three-tenths of the total household income. For example, if a couple's monthly income is 60,000, they should save at least 15,000 to 18,000 per month.

Q: Why can't I save money?

A: Because you aren't spending it where it counts. There are five major categories of necessary expenses: food/clothing/housing/transportation, education, medical health, social networking, and travel/entertainment. Everything should be planned before consuming rationally.

Q: How should I cut expenses?

A: For example, a cup of convenience store coffee costs 40 or 50 dollars, but the office has free drinking water. Why are you buying coffee?

Beware of Marketing Tricks — Coupons

First: To get a discount, consumers try to reach a certain threshold, buying things they don't need.

Second: To use a coupon, consumers must spend again, and the spending amount is often much higher than the discount.

Major Consumption Taboos — How many are you guilty of?

◎ I buy whatever influencers endorse.

◎ Debt-funded consumption for temporary pleasure.

◎ Not having the habit of asking for receipts or invoices.

◎ Believing the grass is always greener abroad; watch out for fakes.

Buying vs. Renting: Which is more cost-effective?

If you buy with a mortgage, the house will one day be yours; if you spend on rent, the house always belongs to someone else?

But have you thought about the various "restrictions" that come after buying a house...?

Who says low-income earners don't need to manage money? You just haven't found an investment method that suits you!

Still keeping your whole salary in a current account? That's far too wasteful!

This book will take you from building correct financial concepts to learning how to increase income and reduce expenditure. It analyzes various savings methods, investment vehicles (stocks, foreign exchange, funds, etc.), what kind of insurance is necessary, how to avoid investment risks, and how to use a low salary to buy a house or car. Your financial future is decided by you; only those who can manage money are truly wealthy!