"Getting Rich Quickly is Just a Thought; What You Should Really Do is Gradually Become Wealthy"

This article is Lu Canwei's 131st original piece.

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Recently, the so-called "value investing" has been rubbed into the ground, with various myths of getting rich quickly emerging. There are reports of a 236% surge in a day, someone turning 3,000 yuan into 600,000 in a single day, a social experiment project, a project with a circulation of one trillion, while the global GDP for a year is only 80 trillion. It’s completely incomprehensible; there are indeed a lot of "leeks" this time.

Then a friend of mine posted a prediction about the fate of these "leeks." After reading it, I thought it was indeed true; it seems no one can escape this curse. Most people believe they are different from others, making big moves as soon as they enter the market, only to end up with a mess, losing even their underwear.

Currently, various news outlets have started reporting on rampant scams and cases of investment failures, trying to cool down the market. But those who are blinded by greed don’t care about this; comments in various posts are saying they’ve thrown their life savings in, waiting to get rich. Some even livestream themselves selling their houses to invest.

But those who truly get rich are often those who made some mistakes years ago, then forgot the key, and many years later found the key again, only to discover that the coins they bought back then have skyrocketed in value, resulting in a windfall. Similarly, there are stories of an elderly woman who bought stocks and forgot her password, only to find out ten years later that her stocks were worth 5 million.

Of course, the wealth myth we often hear is about forced relocations. Suddenly, the place where you live gets demolished, and then you become rich.

Most people's wealth accumulates slowly over time. There’s a question on Zhihu that asks how it’s fair that after several generations of hard work, someone can surpass you with just ten years of study. From the perspective of wealth accumulation, it’s certainly easier for several generations of wealth to surpass that of a single individual.

In other words, getting rich quickly is mostly a matter of chance. The most stable way for most people is to gradually become wealthy, accumulating the first pot of gold, and then achieving financial freedom step by step. Of course, most people will never achieve financial freedom in their lifetime; that is the reality for ordinary people.

So how can one increase the chances of getting rich quickly? By doing more things that seem "useless," as you never know when they might become an opportunity. Many people first ask if something can make money before trying it. However, this is actually a counterintuitive thought. If something has a low entry barrier and is incredibly profitable, the market would have been saturated long ago, and in the end, no one would make money.

Therefore, don’t invest all your resources in one place; diversify your investments. For example, if you have 100 yuan and you dive into the market to gamble on a single stock, the probability of losing is high. But if you spread that 100 yuan across ten stocks, it might be different; some may gain, some may lose. If one stock explodes, you’re likely to recover your losses from others. Even if you end up losing everything, you won’t go down as quickly and can gain valuable experience in the market.

Additionally, invest with spare money. If you have little spare money, invest less. The reason someone might forget their password for ten years is that that money isn’t important to them; they can just leave it be. If you use your own money and lose it, you’ll feel the pain, and if you make a little, you’ll want to cash out immediately.

If you don’t have extra spare money, then find things that require time but no money. In the early days of cryptocurrency, didn’t many people mine using their own computers? Who ever took out cash? Then they felt they made a profit when they used 10,000 BTC to buy pizza. Alternatively, you can spend your time researching other side hustles to increase your chances or invest your time in learning to enhance your value per unit of time.

Finally,

Low investment, replicable, and compound interest—only such things can allow ordinary people to gradually become wealthy over time. Then, spend the rest of your time learning different things and trying new experiences, so that when the next opportunity arises, you can get ahead of others and withdraw before the competition intensifies.

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