Rich Pretending Poor: The Shocking Truth Revealed! | Finance Hacked
----------------------------
FINANCE HACKED team would like to thank the audience for their interest and support of the Channel in the past time. We hope that the content of FINANCE HACKED will bring long-term value to the audience.
All contributions to support the development of the Channel, dear viewers can send to:
- PayPal: https://paypal.me/FinanceHacked
- Wise: https://wise.com/pay/me/hongnguyenphuongd
----------------------------
Are you seeing more and more people online flaunting a seemingly luxurious lifestyle? From Supreme outfits and Rolex watches to Lamborghinis, it can be easy to get caught up in the illusion of instant wealth. But what if the reality behind these displays is far from the truth?
In this eye-opening video, we delve into the fascinating phenomenon of why some individuals, particularly younger generations, desperately try to appear wealthy through staged photoshoots, rented luxury goods, and crippling debt. We expose the shocking statistics of rising consumer debt and the psychological pressures fueled by social media's constant showcasing of affluence.
But here's the twist: we also explore why the truly wealthy often choose a path of modesty and understated living. Think of figures like Jack Ma in Uniqlo, Warren Buffett in his decades-old home, and Mark Zuckerberg in his simple gray t-shirts. What's the wisdom behind this contrast?
Join us as we analyze:
The rampant rise of "counterfeit prosperity" in the digital age.
The psychological traps of luxury consumption and artificial scarcity created by brands.
The key differences in spending habits between those who pretend to be rich and those who actually are.
The surprising philosophy behind why "looking poor" can be a sign of true financial wisdom.
Actionable insights into building real wealth and achieving true financial freedom, focusing on assets over superficial displays.
Four scientific principles of smart spending that lead to greater happiness.
A practical roadmap to achieving financial freedom through passive income, a wealth-building mindset, strategic asset allocation, and continuous skill investment.
Stop falling for the facade of online extravagance and start understanding the principles that truly lead to lasting wealth and fulfillment.
#RichVsPoor #FakeWealth #RealWealth #FinancialFreedom #LuxuryTrap #Consumerism #SmartSpending #WealthMindset #PersonalFinance #Investment #PassiveIncome #SocialMediaReality #MoneyTruths #GenZFinance #LuxuryBrands #FinancialLiteracy
----------------------------
FINANCE HACKED team would like to thank the audience for their interest and support of the Channel in the past time. We hope that the content of FINANCE HACKED will bring long-term value to the audience.
All contributions to support the development of the Channel, dear viewers can send to:
- PayPal: https://paypal.me/FinanceHacked
- Wise: https://wise.com/pay/me/hongnguyenphuongd
----------------------------
Are you seeing more and more people online flaunting a seemingly luxurious lifestyle? From Supreme outfits and Rolex watches to Lamborghinis, it can be easy to get caught up in the illusion of instant wealth. But what if the reality behind these displays is far from the truth?
In this eye-opening video, we delve into the fascinating phenomenon of why some individuals, particularly younger generations, desperately try to appear wealthy through staged photoshoots, rented luxury goods, and crippling debt. We expose the shocking statistics of rising consumer debt and the psychological pressures fueled by social media's constant showcasing of affluence.
But here's the twist: we also explore why the truly wealthy often choose a path of modesty and understated living. Think of figures like Jack Ma in Uniqlo, Warren Buffett in his decades-old home, and Mark Zuckerberg in his simple gray t-shirts. What's the wisdom behind this contrast?
Join us as we analyze:
The rampant rise of "counterfeit prosperity" in the digital age.
The psychological traps of luxury consumption and artificial scarcity created by brands.
The key differences in spending habits between those who pretend to be rich and those who actually are.
The surprising philosophy behind why "looking poor" can be a sign of true financial wisdom.
Actionable insights into building real wealth and achieving true financial freedom, focusing on assets over superficial displays.
Four scientific principles of smart spending that lead to greater happiness.
A practical roadmap to achieving financial freedom through passive income, a wealth-building mindset, strategic asset allocation, and continuous skill investment.
Stop falling for the facade of online extravagance and start understanding the principles that truly lead to lasting wealth and fulfillment.
#RichVsPoor #FakeWealth #RealWealth #FinancialFreedom #LuxuryTrap #Consumerism #SmartSpending #WealthMindset #PersonalFinance #Investment #PassiveIncome #SocialMediaReality #MoneyTruths #GenZFinance #LuxuryBrands #FinancialLiteracy
Category
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LearningTranscript
00:00Why do the rich pretend to be poor recently? While browsing social media, I came across a
00:07phenomenon that both amused and frustrated me. A young man from the Gen 9X cohort, not even 25
00:14years old, appeared in a photo wearing nothing but collaborative Supreme branded outfits,
00:21with a Rolex DJ watch on his wrist, standing next to a pristine new Lamborghini Urus.
00:28His accompanying status read, life is all about timely indulgence, enjoy it while you're
00:34young. He was presented as the winner in life, a successful young man surrounded by luxury.
00:43This post attracted thousands of likes alongside comments filled with both admiration and envy.
00:50However, having spent over 10 years working in finance,
00:54I see a completely different picture. Can you guess what the reality is for this so-called life
01:02winner? The Supreme outfits were bought on a 12-month installment plan at over 10 million
01:08dong per month. The Rolex watch was actually a replica purchased on Daobao for 4 to 5 million
01:16dong, including shipping. The Lamborghini was rented for 10 million dong per day,
01:23used for a photo shoot and then returned. His monthly income did not exceed 50 million dong,
01:31yet on social media, he appeared like a young scion of wealth, don't think I'm exaggerating,
01:37because this phenomenon is now rampant, from famous live stream sellers to social media bloggers,
01:43from short video content creators to TikTok influencers. All staging a display of affluence.
01:52But have you noticed something interesting? Those who are truly wealthy are extremely modest.
02:00Jack Ma prefers to dress in Uniqlo in his daily life. Warren Buffett still lives in the house he
02:07bought 50 years ago. Mark Zuckerberg dresses exclusively in grey t-shirts. Wang Sai Thong,
02:16son of the prominent figure VNG Kinlam, once said, young rich kids rarely wear Supreme or Gucci on the
02:24streets every day. Isn't that contradictory? On one hand, there are young people striving to show
02:32off their wealth, while on the other, those who are truly rich deliberately remain humble.
02:39What is hidden behind this phenomenon? In an era where competing in style and status has become
02:46popular, why has looking poor become a sign of wisdom? Today, we will analyze this subject.
02:53It may seem paradoxical at first, but it actually contains deep philosophy about life.
03:02After reading, you will have a fresh perspective on wealth versus the appearance of wealth,
03:08the truth behind the facade of superficial prosperity. To understand why appearing poor is
03:13important, we must first look at just how rampant counterfeit prosperity is today.
03:19Consider some shocking figures. Vietnam is one of the countries with the highest leverage ratios among
03:28lower-middle-income nations. According to 2023 statistics from the World Bank,
03:35the financial leverage ratio of its people has exceeded 140%. This means that for every 100 dong earned,
03:44as much as 140 dong is used to repay debts. Even more concerning, for the Gen 9x group this figure reaches
03:5478%. In other words, young people are almost living a luxurious life on tomorrow's money today.
04:03Delving deeper into these debts, nearly 40% are consumer loans. This implies that many are borrowing
04:11money to buy luxury goods merely to create a lavish image. Lending instruments such as home credit,
04:19FE credit, credit cards, and online loans have made it easier than ever to fake wealth.
04:26Let me tell you a true story. Late last year, a Gen Z girl with a monthly income of 60 million dong
04:34came to me for financial advice. At first, I thought she wanted to discuss investment strategies,
04:42but after talking it over I found out that she had to pay 33 million dong each month just to service her
04:48loan interest. The reason? She was saddled with debt from buying three LV bags, two Longins watches,
04:58one Hermes belt, one Hermes belt, and countless branded cosmetics. The ironic part is that most of
05:05these luxury items were brand new, even unopened. They were purchased solely to be photographed and
05:13posted on social media. This is no longer rare. Not long ago, there was a news story about a famous
05:23influencer who went bankrupt. Outwardly, she was spending billions every month buying branded bags
05:30at five-star hotels and frequenting lavish venues. But when creditors came calling, it was discovered
05:38that those luxury items were all bought on credit, and most of them were merely props abandoned at home
05:45after the video shoots. Some may ask, what's wrong with that? Everyone has the right to spend their
05:52money as they please. True enough, but the problem is that many do not purchase luxury goods because
06:00they truly love them. They do so to fill an inner void of insecurity. In an era where everyone is
06:08showing off, social media creates enormous psychological pressure. The traps of luxury consumption, be it LV
06:17bags, Balenciaga shoes, or Rolex watches, might seem like a matter of supply and demand, but behind all of
06:25this lies the most sophisticated marketing strategy by luxury brands, creating an artificial scarcity.
06:33A friend of mine who works in the luxury supply chain revealed that a classic bag from a famous brand,
06:40capable of producing 100,000 units a year in its own factory, is only released in a limited
06:47edition of 30,000. As a result, the feigned scarcity and pricing tactics often boost the price of a bag
06:55many times over. Even leading professional traders to make profits by buying and reselling luxury goods.
07:05Yet, ironically, many even see buying luxury goods as a form of value investment.
07:11Just ask yourself, if a bag is mass-produced and the production cost is only about 5 to 6 million
07:19dong, why should it hold value like gold? And why do luxury brands always make their logos so large?
07:29Looking back at Nike's development history, we understand.
07:32In 1971, when Nike was still called Blue Ribbon Sports, its logo was simply a basic swoosh.
07:42Over time, they discovered an interesting phenomenon. The larger the logo, the more it was appreciated.
07:51Why? Because a large logo immediately signals to others that the wearer is using a luxury brand.
07:58This is what we call conspicuous consumption. The American economist Thorstein Veblen once mentioned
08:06in his book, The Theory of the Leisure Class, that people shop not only for utility but also to display
08:13their social status and wealth. Today's luxury market has completely exploited this psychology.
08:20Consider a canvas bag covered in a logo and priced at 70 million dong versus a cashmere bag from Brunello
08:30Cusinelli without a logo priced at 1 billion dong. Which one do you think is preferred?
08:38Naturally! The first bag. Why? Because people buy bags not merely to carry things,
08:48but to show others that they are carrying an LV. But those who truly know better would never choose
08:55that. The genuinely wealthy tend to buy invisible luxury brands, like unbranded Brunello Cusinelli
09:03cashmere sweaters, John Lobb's handcrafted shoes, or bespoke Charvet shirts. You may not have heard of
09:11these brands, but their prices are often many times higher than LV or Gucci. The difference lies in the
09:19fact that these brands do not rely on logos to assert their value, but rather on the quality of their
09:26products, so why are luxury goods increasingly expensive? Let's do a simple calculation.
09:33The production cost of an LV bag consists of 15% for materials and workmanship, 35% for marketing and
09:45advertising, 20% for celebrity brand ambassadors, 15% for store rental, and 15% represents the brand value.
09:54In other words, out of the 80 million dong you pay for a bag only about 12 million dong accounts for
10:02the actual product cost, the rest goes toward marketing strategies. What is even scarier is that
10:10today, to attract young people, luxury brands have shifted towards street fashion. They continually launch
10:18collaborative collections or limited editions. On the surface, it seems like innovation, but in truth,
10:27it is designed to create scarcity that drives the youth into a frenzy. Recall last year when
10:34Balenciaga launched a pair of distressed shoes priced at 40 million dong. Do you understand the concept?
10:41It was just an ordinary pair of sneakers deliberately made to look worn out like trash, yet declared as a
10:49design aesthetic. The result was a buying frenzy. This is a blatant marketing trap. If you think about
10:59it, are these items really worth so much? Do you buy them for their utility or merely to show off?
11:06And why must you become a living billboard for them? Now, let's talk about the consumption
11:13philosophy of those who are truly wealthy. We have discussed the traps of luxury goods,
11:20now consider how the truly rich spend their money. Before diving deeper, don't forget to follow the
11:27channel for more truths about money and help in achieving financial freedom quickly.
11:32Finance hacked warmly greets you and our dear friends. In a prime example, one cannot help but
11:41mention Warren Buffett. With a fortune of nearly 100 billion US dollars, Buffett still lives in the
11:48same house he bought in 1958 for 31,500 US dollars. Every morning, he goes to McDonald's for a breakfast
11:59costing 3 US dollars and 17 cents, sometimes even using coupons. Many do not understand why someone
12:09so wealthy would save so much. In reality, this is not about being miserly but about a consumption
12:17philosophy. Consider some data, according to the 2023 billionaire ranking, there is a striking
12:25habit among billionaires, 77% prefer to wear affordable brands, 82% never wear watches more expensive than 90%
12:35of ordinary watches, and they use regular branded phones in their personal lives. Conversely, those with
12:43assets ranging from 1.5 to 7 million US dollars are the most extravagant consumers.
12:49Why? Because truly rich people have broken free from the vicious cycle of using consumption to validate
12:58themselves. Recently, I interviewed a billionaire entrepreneur who drove a Volkswagen worth just over
13:0715,000 US dollars and dressed in Uniqlo. When I asked why he remained so modest, he answered in a way
13:16that made me reflect, true financial freedom is not about being able to buy anything, it's about not
13:22having to buy anything to prove yourself. This statement revealed the first truth, the rich care more about
13:30building assets than about consumption. For example, Jack Ma might wear Uniqlo, but at his peak during
13:38Alibaba, he held around 5% of shares valued at tens of billions of dollars. Second, the wealthy value their time.
13:49Mark Zuckerberg wears the same grey t-shirt every day because he wants to devote his time and energy to decisions
13:56that truly matter. Rather than worrying about what to wear today. Third, the rich understand what true enjoyment is.
14:06I know a billionaire who never bought a luxury car yet spent 1 million US dollars on a golf course resident
14:15solely to play golf. He said that luxury cars only satisfy vanity, but this home brings him joy every day,
14:23so what exactly is true financial freedom? I believe it can be divided into three levels.
14:31The first level is balancing income and expenditure, ensuring you no longer worry about money day to
14:39day and can live a decent life. This is the most basic form of freedom, though many still have not
14:46reached it. The second level is freedom of time, where you can choose to do work you love instead of
14:53being stuck doing something you despise. This is where real freedom begins. The third level is freedom
15:02of the soul, where you no longer need material goods to prove yourself and are not swayed by consumerism.
15:10This is the highest realm, which is the state of the truly rich. Remember, the genuinely wealthy do not
15:18chase the appearance of wealth, they pursue real wealth. They understand that assets are like a tree,
15:25while consumption is like plucking its fruit. The smart ones let the tree grow stronger instead of
15:33hastily picking all its fruit. For example, one person with an annual income of 100,000 US dollars
15:42might spend 400,000 US dollars on luxury goods, whereas another person earning 500,000 US dollars
15:50may save 300,000 US dollars to invest. After 10 years, the first person is left with a pile of
15:59depreciated luxury items, while the second may have achieved financial freedom. So if you truly want to
16:07be rich, remember not to use consumption to prove yourself. Do not let brands control your mindset.
16:16Instead, spend your money on things that provide long-term value and continuously grow your assets.
16:23Now, let's discuss smart spending through for scientific principles.
16:29Harvard conducted a 75-year study on happiness and found that money can truly bring happiness.
16:37But only if you know how to use it. Here are four scientific spending principles I have compiled,
16:45all based on research data. The first principle is that experiences are more important than material
16:52possessions. A study published in the Journal of Consumer Psychology divided participants into two groups,
17:00one spending on material goods and the other on experiences, then tracking their happiness over a
17:07year. The results showed that the joy from buying material goods quickly waned, while the joy from
17:14experiences deepened with memories over time. First, material purchases quickly become familiar,
17:22for example, a pair of 20 million dong sneakers becomes just an ordinary pair after one month.
17:29And a 100 million dong bag turns into an everyday accessory after six months.
17:37Second, experimental purchases create unique memories.
17:43A trip to Tibet costing 100 million dong can keep you delighted even after 10 years,
17:49and a 20 million dong guitar course can provide skills for a lifetime.
17:54Data shows that the joy from material consumption lasts on average three months,
18:01whereas the joy from experiences lasts over two years.
18:06So, instead of spending 100 million dong on a bag, consider traveling, taking a personal development
18:13course, hiring a fitness coach, or learning a new skill.
18:17The second principle is that social consumption brings more happiness than individual consumption.
18:26Psychologists have discovered an interesting phenomenon. Spending 3 million dong with friends
18:32can bring three times the joy compared to spending the same amount alone.
18:37Why?
18:38Because human beings are social creatures, and any form of consumption that strengthens social
18:45connections produces longer-lasting happiness. For example, ordering food delivery to eat alone
18:53might bring 30 minutes of joy, but dining with three close friends can extend that joy over
18:59several days. Clearly, social consumption not only gives immediate pleasure but also creates
19:06long-lasting joyful memories. Therefore, spend your money wisely.
19:13Invite friends to a group workout class instead of going to the gym alone,
19:18organize a movie night with others instead of watching alone, or treat your friends to a nice
19:23meal rather than buying gifts just for yourself. According to surveys, 86% of people said that
19:31spending in a social context brings 2.5 times more happiness than spending when alone.
19:37The third principle is that small, frequent pleasures are better than rare, grand ones.
19:45Many people save for a long time only to splurge on one expensive item, but research shows that
19:51this spending method is not as effective. A study by Princeton University found that if you spend
19:5812 million dung all at once, the average joy lasts about two weeks. But if you split that amount into
20:0712 installments of 1 million dung each, the joy can last up to three months. Why is that?
20:16First, frequent small pleasures create a cycle of anticipation and positive satisfaction.
20:21Second, each expenditure triggers an independent dose of dopamine.
20:28Third, small expenses do not carry the guilt or pressure that large expenses might.
20:35Some practical suggestions, instead of saving up for a luxury watch, reward yourself with small
20:42pleasures every month. Rather than planning one expensive vacation, enjoy several short trips near home.
20:49Instead of waiting to buy an expensive car, focus on improving your daily quality of life.
20:57The fourth principle is that anticipation brings greater happiness than ownership.
21:03Consumer psychology has shown that the joy experienced while anticipating a purchase often exceeds the joy
21:10of actual ownership. For example, when you plan to buy a new phone, spending two weeks researching
21:17specifications, reading reviews, reading reviews, and comparing products, the process itself brings immense
21:24pleasure. But once you receive the phone, its novelty might fade after just three days.
21:32Data from Harvard Business School shows that the joy in the anticipation phase scores an average of 8.2 out of 10,
21:39while the joy in the ownership phase scores only 6. 4. So, what do smart consumers do?
21:48They plan their spending well in advance, relish the anticipation, and refrain from impulsive purchases.
21:57They transform consumption into a set of attainable goals that, in turn, enhance emotional value.
22:04Finally, a crucial piece of advice, before spending any money, ask yourself three questions.
22:13First, how long will this expense bring me joy?
22:18Second, will this expense strengthen my social relationships?
22:23Third, am I enjoying the process or merely chasing a result?
22:27Remember, happiness is not about how much money you spend, but how you spend that money.
22:34After a lengthy discussion on spending habits, let's address the core question,
22:40what does true financial freedom look like?
22:44First, we need to redefine the concept of freedom of choice.
22:51Many people think that financial freedom means being able to buy whatever you want,
22:56but from the preceding analyses, we understand that this notion is superficial.
23:02True freedom of choice means being able to choose not to do what you dislike.
23:08Specifically, financial freedom should encompass three levels.
23:13First, not having to worry about living expenses.
23:16Second, having the ability to choose a job you love.
23:20And third, enjoying total control over your time.
23:24So, how can an ordinary person achieve financial freedom?
23:30After many years of practice and observation, I have compiled a feasible roadmap.
23:37Let's consider each step.
23:39The first step is to build passive income.
23:43Passive income refers to sources of revenue that do not require you to continuously invest your time
23:48and effort yet still provide a stable cash flow.
23:52Typical examples include rental income from properties, dividends from stocks, royalties,
24:00revenue from digital products, and profits from business shares.
24:04The key is that these sources are sustainable and replicable.
24:10My core advice is to allocate at least 30% of your monthly income to building your passive income channels.
24:17Initially, this amount may seem insignificant and you might think such a small sum cannot make a difference.
24:26But if you remain persistent, the power of compound interest will soon take effect.
24:33Let me give you an example.
24:35Suppose you earn 20 million dong per month.
24:38If you consistently invest 6 million dong each month in asset channels,
24:44by the end of the first year you will have accumulated 72 million dong in capital.
24:51Keeping this up for 5 years, the amount will reach 360 million dong,
24:57without even counting the profits generated along the way.
25:00If you persist for 10 years, your principal will be 720 million dong,
25:07and with an average annual return of 8%,
25:10you could eventually receive over 5 million dong in passive income every month.
25:16This is the miraculous power of compound interest.
25:20The second step is to change your investment mindset.
25:23You need to transform from a mere consumer into a mature asset owner.
25:30This transformation is reflected in three aspects.
25:35First, change your spending approach.
25:38Shift from income minus expenses equals savings to income minus consumption equals investment.
25:45Second, revise your perspective on assets.
25:48Rather than blindly chasing trends,
25:50focus on those things that truly have the potential to appreciate.
25:56Lastly, change your perspective on time.
25:59Abandon short-term thinking and immediate gratification
26:03in favor of a long-term mindset based on compound interest.
26:07The third step is to build an asset portfolio.
26:11Depending on your risk tolerance and profit goals,
26:15I suggest allocating your assets as follows.
26:1830% in government bonds or other low-risk financial products to safeguard your capital.
26:2540% in index funds and high-quality stocks,
26:28medium-risk investment products that aim for stable returns.
26:3220% in individual stocks or startup projects,
26:37high-risk investments with high profit potential.
26:40And the remaining 10% as cash reserves for emergencies.
26:44Of course, these ratios are not fixed.
26:48You need to adjust them according to your personal situation and market fluctuations.
26:55Always remember that financial freedom is not achieved overnight.
26:59It is a gradual process.
27:02The most important thing is to start early,
27:05maintain patience, and believe in the power of time.
27:09The fourth step is to invest in your skills.
27:11In today's world, the most valuable asset is not material possessions but yourself.
27:20Among the hundreds of successful people I have interviewed,
27:23over 80% consistently allocate 10% to 15% of their income to self-development.
27:31They say that this investment brings the highest returns.
27:36Let's analyze the three most important areas of skill investment.
27:40The first is core professional skills.
27:45I advise you to allocate 50% of your learning budget to this area.
27:51Why dedicate half your budget here?
27:54Because this is your primary source of income.
27:58I know of a programmer who spent 50 million dong each year on learning new technologies.
28:04In five years, his salary increased from 75 million to 250 million dong,
28:12a classic example of the compound effect in developing core professional skills.
28:18Focus on investing in specialized skills that can directly increase your income,
28:24such as obtaining a CFA certification in finance,
28:28real estate appraisal certificates in property sectors,
28:32or rare skills like artificial intelligence and data analysis.
28:38Additionally, emphasize enhancing management capabilities,
28:43including project management, team leadership, and crisis handling skills.
28:48Next, you need to update yourself on advanced technologies and industry knowledge by subscribing to top paid content,
28:57attending high-level conferences and seminars,
29:00and more importantly, building a professional network to exchange information.
29:05Remember to set aside dedicated time each month for learning rather than studying only when you have spare moments
29:14and establish evaluation mechanisms to ensure that the knowledge you gain truly transforms into skills.
29:22The second area of skill investment is developing secondary professional skills.
29:28You should allocate 30% of your learning budget to this.
29:32In an economic downturn, relying on a single source of income poses too many risks.
29:40Developing secondary skills is not about making quick money but about reducing risk and accumulating experience.
29:49When choosing secondary skills, prioritize those that can generate passive income
29:54while considering practical skills in high demand in the market,
29:58such as design, education, training, and consulting services.
30:05However, it is best to start in a familiar area with small-scale testing to verify market demand,
30:12then continuously improve your product and build credibility.
30:17The third area is financial management skills.
30:21Dedicate 20% of your learning budget to this field.
30:25Often overlooked, these skills can affect your entire life.
30:32I have met many high-income individuals who faced severe setbacks in financial management
30:37because they lacked financial literacy.
30:41First, you need to master the basics of finance,
30:45including budgeting, debt management, and building an emergency fund.
30:50Next, you must be capable of planning investments, allocating assets, controlling risk, and analysing the market.
31:00Lastly, understand how to plan for taxes and legally take advantage of tax incentives.
31:07Most importantly, develop a financial mindset by understanding the time value of money through compound interest,
31:16fostering risk awareness, and learning to make rational decisions.
31:22Start with small investments to gain experience,
31:25maintain an investment log, and regularly evaluate your outcomes.
31:31Simultaneously, keep abreast of changes in policies and market trends.
31:36Throughout your lifelong learning journey, remember these for crucial principles,
31:42purposeful practice, willingness to pay for quality,
31:46timely evaluation, and sharing of practical experiences.
31:51Every time you learn a new skill, set clear practice goals,
31:56and do not hesitate to invest in quality content.
31:59Rather than spending on a single luxury item,
32:04invest that money in a three-month course that will likely yield far greater returns.
32:10Additionally, cultivate the habit of evaluating the effectiveness of your learning quarterly
32:15and adjust your skill investment strategy accordingly.
32:19Keep in mind that the most important aspect of investing in skills is not how much money you spend,
32:26but the perseverance of your learning habit.
32:30This is a marathon, not a sprint.
32:34Strategically plan your skills investment portfolio so that every dong spent brings maximum value.
32:40This is the true path to a life enriched by the magic of compound interest.
32:47Goodbye and see you next time.