"Talking About What I Gained from Wealth Creation Techniques"

This article is Lu Canwei's 96th original piece.

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In fact, I have known about the wealth creation techniques for some time. I saw a community charging over 2000 at that time and thought the way they were harvesting the leeks was a bit intense. Coupled with my lack of fondness for paid communities, I remember a few years ago when I first learned about digital currencies, I joined a paid knowledge community hoping to find the secret to wealth. However, the leader of that community eventually stopped maintaining it, and unsurprisingly, I got harvested in the process. It’s like someone who just entered the stock market, always hoping that a master will tell them the mysterious code to unlock the wealth secret. Many people don’t even understand the difference between real trading and simulated trading and end up getting scammed.

How do we decide if something is reliable?

Why are people around you unwilling to tell you what to invest in? Because even if they tell you, you might not hold onto it. They would also have to explain why to invest in that, and if you lose money, they would have to deal with your complaints, or even face verbal attacks from you. When you don’t understand the value of something, you can’t judge whether the current value is real or a bubble. So when there’s a crash, you quickly want to cut losses to save your money, and when it rises, you hope to add more to earn even more.

Because, getting something for nothing is human nature.

Of course, we can’t understand everything, which is why some people will tell you to invest in A-shares, some say Hong Kong stocks are good, some say to buy US stocks, and there are those who play futures, commodities, bonds, and various derivatives. Some people say these markets are too professional, and if you enter, you will just get harvested. It’s better to honestly buy funds, but then the funds might be in the red. Some say all of this is fake, and investing in real estate is the way to preserve value, yet some who invested in real estate also found that it didn’t appreciate. Because everyone studies different fields, they will naturally recommend the areas they are more familiar with.

So when we decide to invest in something, it must be because we have enough understanding of it; otherwise, our investment is likely to result in total loss. I remember a saying: "The emperor is not anxious, but the eunuch is." The information they possess is different, and the decisions they make are naturally different.

So what you need to do is figure out how to understand whether something is reliable.

To understand whether something is reliable, we need to follow these three steps:

Let me tell you a story I read in "Principles." Back in the day, Ray Dalio got sick and went to the hospital, where the doctor told him he showed early symptoms of a type of cancer, and that he basically wouldn’t live more than five years, so he should prepare for his funeral. I believe not many people would obediently wait to die; everyone would think they could still be saved. So he went to find a second doctor, who believed that surgery would solve the problem, but it would leave him permanently disabled. He then had the first and second doctors discuss it. Despite some obvious disagreements in their communication, he became increasingly clear about his condition. Then they found a third doctor, who gave his professional opinion that no changes had occurred yet, and if they did, they could remove the harmful tissue, and just observe regularly. Dalio combined this information and ultimately made the best decision.

How did I decide to join the wealth creation techniques?

You can search for wealth creation techniques online, such as on public accounts or Zhihu, and check out relevant content and reviews to build your own decision-making information pool. However, I didn’t join this way; I first entered Cao Da’s community, where I sometimes saw Cao Da sharing some content about wealth creation techniques, and I gained a lot from it.

The decision-making information pool has been established above: basic information (some quality content I usually see Cao Da sharing), trustworthy person information (Cao Da’s social credentials). Of course, if you want to understand more, I suggest you cross-reference from multiple sources, collect more information yourself, and find more trustworthy people to understand before optimizing your decision-making information pool.

Here, I need to explain the weighting of trustworthy people. For example, if you are looking for a job and want to choose an internet job, would you ask your parents for their opinion? I think most people wouldn’t. Instead, they would look for internet influencers online and ask for their opinions. Why? Although your parents are trustworthy to you, they don’t understand the internet well, so you downgrade their credibility. When you ask an influencer, even if you’re not very familiar with them, you give them a higher weight in your decision-making information pool. If a gambler talks to you about getting rich overnight, I believe you wouldn’t listen to them either.

Since I write a public account, some people from Cao Da’s community added me. Later, I saw that there was a preparatory camp experience, and then I entered the experience camp. After a week of experience, I gained further understanding of this community. You might think here that I should immediately join the community, but I didn’t.

There’s a term in psychology called “herd effect,” also known as the bandwagon effect:

Simply put, it means going with the flow. So I didn’t make an immediate decision. Even though I already had a comprehensive decision-making information pool, I couldn’t judge whether I was influenced by the herd effect or if I independently decided to join. After the experience camp ended, when Yuwan asked me, I directly joined because that was my final decision based on my decision-making information pool.

Here, I want to discuss a key decision-making logic. We all fear being harvested. As I read more books, I found that every big shot has been harvested before. Munger also said, “If I knew where I would die, I would never go there.” But most of us don’t shed tears until we see the coffin. So we tend to find quality targets and then heavily invest.

But how do we confirm that this target is indeed of high quality? We can see many investors investing in different companies within the same sector; no matter which one succeeds, the returns can cover the losses from the companies that failed. In the book "Antifragile," a barbell strategy is mentioned, where you can allocate 10% to invest in targets that can bring huge returns. Knowledge payment is similar; you might spend a lot on knowledge payment, and it’s very likely that you don’t look at most of it, but as long as one or two bring you value, you can cover the sunk costs of what you didn’t look at.

Of course, you might say, I joined many communities but gained nothing. This means you chose 10 bad targets. So when making decisions, did you make cost-effective decisions? Suppose there are 2 good targets among those 10; what actions did you take in them?

You might think about it and come to some different conclusions.

What kind of community is this?

Many people might be like me; upon entering, they see stories of making tens of thousands a month or millions a year, and then they look at various gold mining operations, only to find that their own attempts yield no results, leading to great anxiety. For example, I saw a project, tried it out, and found that no one came. It felt like I developed a product with no users, while everyone else was using ready-made products with no development costs.

You should all know about Taobao affiliates, right? It’s when your friend recommends you buy a certain product on Taobao, and they earn a commission. Even the smallest fly is still meat; don’t underestimate those 1-2 yuan. People earn tens of thousands or even millions a month from these small amounts. A saying in the circle goes: "Hold the traffic, stir up the waves."

As an ordinary person, I completely don’t understand traffic operations, so does that mean my entry has little significance? Since it’s a money-making community, there are various ways to make money, and different people have different methods; finding the one that suits you is the most important. For example, I learned about various methods across different industries, such as the new play in Hong Kong stocks, and the recently popular Mars ticket, Ant Ya Hei, and some plays of the lonely frog. Here, I saw many previously unheard of legal and compliant money-making ideas.

Even though I saw many people sharing their money-making methods, patiently organizing SOPs (Standard Operating Procedures), we still couldn’t do it like them. It’s not that the methods are wrong; it’s just that we lack relevant experience and knowledge. Of course, it also relates to what we are good at. Some people are good at traffic generation, some at operations, some at investment, and some at writing. It’s still most important to find what suits you in there.

Another way is to learn from professionals. There are experts brought in periodically to conduct training camps, such as previous camps on TK, video accounts, and recently various training camps on takeaway CPS, Taobao blue ocean, Zhihu good products, etc. Since I need to complete daily updates, I didn’t sign up this time. Watching my peers achieve various results makes me a bit envious.

Talking online a thousand times is not as good as meeting offline.

The benefit of meeting offline is that it brings our social distance closer; they are no longer just virtual people behind the text. Especially at offline conferences, connecting with people from different industries, I always learn a lot from the sharing. For details, you can refer to the several articles I wrote before.

Of course, offline you will encounter various circles. A friend once told me that circles cannot be entered by payment; they rely on opportunities. I have also been in various circles and met many big names. Besides opportunities, an important point is that you must have corresponding abilities to match; people are only willing to chat with those who resonate with them.

Even if you are a very capable person, you need to let others know who you are, so you must produce content. This is also why I keep writing; writing allows me to continuously seek information input, and during the writing process, I can constantly reflect, which helps my cognition to grow. Have you ever thought about how your output can bring you benefits?

Even if we cannot ultimately replicate others' ways of making money, you still have your own way of earning, as long as you can share it. Even if it helps someone earn an extra dollar, that is still valuable. Valuable content will be rated as a top post within the circle. Top posts generate a certificate: Dragon Balls, which are transferable, and the latest acquisition price is 8,500 yuan. One of our friends bought 30 at once, saying it was for his daughter's future dowry.

What I did in there

I was fortunate to attend a meetup and meet Mu Wen. I remember he was a guest speaker when I was in Shenzhen. Due to the pandemic, their original data collection business could not continue, and by chance, he entered the community and switched to the traffic game, reviving the company through a business of restoring old photos on Douyin.

We found that many people can quickly switch from one business to another and achieve success, which must involve some abilities we are unaware of. One day, I saw him post on social media about starting a training camp, and my initial thought was to join first and figure it out later. Later, I learned it was the Dragon Ball training camp, where Mu Wen helps everyone uncover their potential value, then write it out in a way that others can understand and execute. I wrote about my money-making experience from last year, received a top post, and considered it a return on my investment, successfully landing on my feet.

I am also trying to learn how to create good products on Zhihu based on some content from within, although it hasn't brought in high income, but occasionally earning some pocket money is still quite satisfying. Additionally, I have started to develop the habit of writing and reading, even though I never did these things before.

Of course, the most important thing is that I met a group of like-minded friends who are all striving for progress; you are all truly outstanding.

Finally

The cost of the community is not cheap, so I suggest everyone think carefully about why they want to join. There is no magical spell in the world that can make you rich overnight; all luck comes from daily accumulation, and do not underestimate the effect of compound interest.

Most of my information comes from the community. And "Wealth Creation Techniques" is the community I joined that provides me with the content and information I need—practical, high-value, scarce, and differentiated.

Clicking to read the original text will show you the index of top posts. If you are interested, you can reply with the keyword [Wealth Creation Techniques], and I will add you to a dedicated reservation group.

I hope you can earn as well.

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