This advice and knowledge was initially addressed to young entrepreneurs, but these tips contain deep ideas and beliefs which are relevant for every young person in business. The wisdom of Li Ka-Shing, the richest man in Asia, is inspirational because it is about good values and investment. He recommends dividing your income into five sets of funds. According to an article on the addicted2success.com website, the cornerstones of success are valuable connections, networking, acquiring knowledge and experience.
1. Daily living expenses
Have a light breakfast – eggs with a cup of milk. Lunch and dinner should be simple, eat fruit and vegetables. You should cook your dinner yourself. It is not an expensive diet, and your body will not have any problem with such a regime when you are young.
2. Expand your interpersonal circle and make friends
Buy two lunches for your friends every month. You should invite people who are more knowledgeable or richer than you. Invite people for lunch who have helped you. After one year, your circle of friends will have generated giant value for you, your reputation and influence. Moreover, you will be seen as someone who is generous and cares for other people.
3. Learning
Buy some books and read them carefully. Learn all the lessons and strategies. Translate them into your own language and share these lessons with others. Tell stories based on the things you have read. By this means you can strengthen your relationships with others.
4. Holidays
Reward yourself at least once a year and travel overseas. Stay in hostels to save money. Meet people from different cultures and recharge your batteries, take a rest.
5. Invest
Save up at least 500 USD and create a small business, because small business is safe. Try to get a part-time job – sales jobs are great, because you acquire the art of selling, which is an important skill. Offer your help to any businessman and improve your skills via various opportunities.
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