Summary of 【ベストセラー】「THE ALGEBRA OF WEALTH 一生「お金」を吸い寄せる富の方程式」を世界一わかりやすく要約してみた【本要約】

Main Financial Strategies:

Understanding Satisfaction: Wealth is defined as a means to achieve financial independence and reduce financial anxiety. Knowing what truly satisfies you is crucial to determine the wealth you need.
Minimizing Consumption: financial independence is more about cutting back on expenses than increasing income. Many consumer goods are unnecessary, and reducing spending can lead to greater savings and wealth accumulation.
Behavioral Change: Developing a wealthy personality involves changing behaviors to reduce consumption, working slightly harder than the minimum required, and diversifying investments.
self-control: Control over desires is essential. Making conscious decisions and delaying impulsive actions can lead to better financial choices.
Small Successes: Start with small achievements to build habits that promote wealth accumulation, such as avoiding unnecessary purchases.
Associating with the Right People: Surrounding yourself with wealthy individuals can influence your financial habits positively. Conversely, cutting ties with those who have poor financial habits is essential for personal growth.
Investment Strategy: Begin investing as early as possible to take advantage of compound interest. Long-term investments in index funds, like the S&P 500, are recommended for their diversification and historical returns.

Identify Personal Satisfaction: Understand what truly brings you happiness to determine your financial goals.
Minimize Unnecessary Spending: Cut back on consumer goods that are not essential for a satisfying life.
Change Behavior: Work towards becoming a slightly better version of yourself financially by saving and investing wisely.
Practice self-control: Be mindful of your impulses and make conscious decisions about spending.
Achieve Small Wins: Focus on small successes to build positive financial habits.
Network with Wealthy Individuals: Seek relationships with financially successful people to learn and adopt their habits.
Start Investing Early: Invest in index funds to benefit from long-term growth and compound interest.

— 00:30 — « If you don't know this, you will definitely be poor. 99% of Japanese people don't know about this. »

— 04:50 — « Financial independence and wealth are ultimately determined by how well you can control your own satisfaction. »

— 20:56 — « If you associate with a poor person, you will be pulled by that poor person and become poor yourself. »

— 24:10 — « Only we can save ourselves, and in order for our poor friend to be saved, our poor friend himself needs to change. »

— 27:22 — « The thing you should never do in life, as written in this book, is not to make the welfare effect your ally. »