Economic Wisdom to Apply in Your Twenties

Chapter 1 Preface
前言
I have five out of ten, and I am determined to learn.At thirty, you can stand up, at forty, you will not be confused, at fifty, you will know the destiny, at sixty, your ears will be compliant, and at seventy, you will follow your heart's desire.Do not exceed the rules.

——"The Analects of Confucius: For Politics"

I believe you must be familiar with Confucius' remarks about "standing at thirty".Standing at thirty means that "thirty-year-old people should be able to rely on their own abilities to independently assume their own responsibilities, and have determined their own life goals and development directions."Simply put, everyone should be able to achieve something when they reach the age of 30.

However, as we all know, achievements don't just fall from the sky.If you want to gain something at the age of 30, you have to struggle and give in your twenties.

The twenties are youthful, and the ten years in the twenties are the golden ten years for saving life capital for the future.In the past ten years, you graduated from school, started to enter the industry field where you are interested in doing a career, started to accumulate work experience and network resources, started to look for a lover who can be with you for a lifetime, started to get married and have children... after the age of 30 Life, as early as our twenties now requires preparation.

We may have just stepped out of the ivory tower, and we still lack a clear understanding of the big dye vat of society; we may still be struggling in complex interpersonal and workplace situations, and have no more rational thinking about life; or you are already young in your twenties. He is successful, but at the same time he has a lot of helplessness and confusion about love and family...

This is the confusion and trouble that everyone who is experiencing or experiencing the age of 20 has experienced.Everyone in their twenties hopes to live a wonderful and beautiful life in this critical stage from youth to maturity, and to make sufficient preparations for a worry-free future in their future life.However, most of the people are still in their twenties in a daze and reckless way, leaving behind experience and lessons, as well as many questions that are still incomprehensible.

Fortunately, there is still a science called "economics" in this world.

With the maturity and development of economics, the rationality in this science has also penetrated into our life and life, giving us a new perspective to look at problems.

Perhaps in your understanding, the economics of the "Jing" and "Ji" people are more often profound and mysterious, and they are still too far away from those of us in our twenties.However, just as someone ridiculed economics as "a discipline packaged with simple common sense and complicated terms", the "life experience" of economics comes from life. The word "economy" comes from ancient Western Greek, and its original meaning is family management.Economics, in fact, has never been separated from our lives from its birth to the present.

When you finish high school, you need to decide whether to go to work or go to college?When you graduate from college, you need to decide whether to go on to graduate school or find a job?When you have a job and have a certain income, you need to decide how to arrange your income, consumption or investment?When you make up your mind to invest, you need to decide whether to save, buy stocks, buy funds or buy real estate?When you are about to start a relationship life, you need to judge whether you are happy with your lover?When you get married and have children, and live at home, you have to worry about the daily necessities of daily necessities...

Mr. Mao Yushi, a famous economist in my country, said: "No matter how profound the theory is, if it is thoroughly understood, it can be restored to the phenomena in daily life." In fact, there is always economy in life, and economy is everywhere in life.Our whole life is spent in constant choice.When one day you are faced with a choice, in a dilemma, and at a loss, then you need to add a little knowledge of economics.Economics is the science of personal choice, and studying economics can help you make better decisions.

George Bernard Shaw said that economics is the art of making life happy.British economist Jevons believes that economics is nothing but the calculus of pleasure and pain.Our pursuit of happiness in life is the pursuit of happiness in life.Any idea that makes us happy increases our happiness and reduces our pain.Some people say that the more money you have, the happier you will be, but in the eyes of economists, it may not be so.Economists define the equation of happiness as the ratio of "utility" to "desire". It seems that a person's happiness is closely related to his desire.This is also in line with our ancient motto of "satisfaction and happiness".

Economics is also a practical science.When you are surrounded by unfamiliar concepts such as GDP and CPI, you will find that it is really difficult to move forward without learning some economics.The character of economics is not to escape from life, but to dare to face life directly.By learning some economics, we will be able to make better choices between the dilemmas, better pursue our own interests without harming others, and the whole society will become harmonious.

As Samuelson, a master of economics who won the Lobel Prize in economics, said, studying economics does not make you a genius, but if you don't study economics, your destiny is likely to be at odds with you.In our twenties, we do not study economics to understand the masterpieces of economics professors such as Stiglitz and Samuelson. We do not study economics for the sake of learning economics, but to let economics give us The inspiration of life gives us the wisdom of life.

What are you waiting for?From now on in our twenties, let’s learn from economists together, and under the guidance of the wisdom of economics, embrace the future of “standing at thirty and not confused at forty”!
(End of this chapter)