Money Begets Money: from Saving Small Amounts to Financial Freedom

Many people may know that achieving wealth growth depends on making and saving money. But not everyone knows that "money earned" requires scientific accounting and planning. We also need to establish a correct outlook on consumption and wealth, and master the necessary financial knowledge. The "money saved" needs to be managed based on the modern investment science system in order to have the effect of making money. How can a "novice in financial management" explore the appreciation and preservation of personal wealth through a book with a "sense of relaxation"? As Charlie Munger said, people make money by waiting. Long-termism and diversified investment portfolios have become the core logic of asset allocation for mainstream institutional investors in the world today. This book rationally adjusts the asset allocation concepts, logic and research methods of the world's mainstream institutional investors, especially the Yale University Endowment Fund, and introduces them to ordinary people as a reference for personal asset allocation. Let the public not only obtain the internal knowledge of international investment institutions, but also easily carry out various practices. This book is created according to the structure of "expertise and practical experience" and closely focuses on methods such as "Personal Wealth Management Model" and "Back Pocket Asset Allocation Model". By explaining concepts such as "front pocket", "back pocket" and "personal T-shaped accounting" and practical cases, it helps readers master the key content step by step, and combined with their own actual situation, start from saving a small amount of money and start the road to financial freedom.