Tencent T14 Employee Was Laid Off, Workers Must Prepare For Financial Freedom From Day 1
First of all, I would like to wish the female readers and the mate of the male readers a happy holiday! Take a look, among the subscribers of Liu Jiaolian's Wechat public account, male readers account for 76%, and female readers account for 23%. Women in contemporary families have an increasing right to speak about family finances, which also puts forward higher requirements for female to learn, understand and even master newer investment tools. Whether it is actively using it or passively avoiding pitfalls, it is necessary to learn and understand.
Overnight, Federal Reserve Chairman Powell showed his power again, with the voice of the speech that it should be considered to accelerate the pace of interest rate hikes. The crypto market naturally paid its respects, too, with a brief dip last night. Bitcoin once fell below the 22k integer mark, but soon recovered above 22.2k.
On the 5th, at Liu Jiaolian's Planet ( https://t.zsxq.com/0bVUZujdf ) member VIP gathering, he discussed the US dollar interest rate hike cycle and geopolitical risks. The key decisive battle may be in the past two months. The Fed is at the end of its strength, Powell is relentless, and Soros is talking nonsense. When listening to others, you must adhere to two principles:
- The butt decides the head - when you hear him say a word, you must combine the position of his butt as the frame of reference for what he said, so as not to be led into the ditch.
- Don’t listen to what other people say, but watch what they do. In February, the Federal Reserve has already started to slow down the rate hike rate to 25bp. Will it suddently turn out to accelerate the interest rate hike beyond expectation? As the saying goes, it is difficult for a ship to turn around. The dollar is an aircraft carrier, not a bumper car.
Tecent T14 employee, known as the front-end No. 1 technology expert, revealed that he was laid off, which caused quite a stir in the Internet circle for a while.
In the past year, with the spread of the bear market, various technology companies around the world have been crashed and laid off. However, human emotions have a very interesting feature: first, they are indifferent to things far away, while things close to them are touched by the scene; second, abstract layoff numbers are not easy to empathize with, but specific vivid cases touch the heart.
Therefore, no matter which major corporation announces layoffs of xxxx people, this kind of news will only appear in media reports as cold numbers. But if it is specific to a specific person, a specific case, especially if this specific person has a little unique story, it is very easy to arouse widespread resonance.
It is said that the expert was laid off at the age of 47 mainly for three reasons: 1. When he was in a management position, he refused to obey the company's management rules (KPI scoring requires a normal distribution within the team); 2. When he was a subordinate, he was not very good at managing upwards; 3. he doesn’t like being PUA (this word is used in the original text, it is not clear what kind of PUA it is).
In fact, the birth of the modern corporate system is actually only a short period of more than 400 years. The earliest prototype was the Dutch East India Company founded in 1602. In other words, 500 years or more ago, there were no such things as companies, employed jobs, workplaces, layoffs, and KPIs.
The history of human civilization is 5000 years. The history of employed jobs only accounts for 10% of the total.
A company is just a form of production relationship, a way to organize people and resources, that is, productivity and means of production. This thing is neither something that has always existed in human history, nor is it likely that it will always exist.
Some anti-human flaws in the corporate system, if you can bear it, you bear it, if you can't bear it, you don't bear. The long river of history is mighty, and these pains, as fine as dust, are all blown away by the rain and the wind.
Sooner or later we're going to kill corporations, and kill the corporate system.
A little secret: the lifespan of most companies is actually much shorter than the lifespan of a person. This illustrates a truth: a highly centralized entity is extremely vulnerable!
This also means that most people have to survive several companies in their lives.
Therefore, don't be too sentimental about jobs. Catkin is blowed less you can see, and the sentimental are always annoyed by the ruthless. (Poem of Su Shi)
When leaving, don't be too sad. Walk out of the door, laughing with head holding high, how can I be only an ordinary talent? (Poem of Li Bai)
There is a poem that says: Life is precious, but love is even more expensive. For the sake of freedom, both can be thrown away.
The essence of the corporate system is to sell your freedom and make a deal with capital.
Although the contract document (labor contract) may stipulate that only 8 hours of freedom are sold per day, the spokesperson of the capital—the boss (shareholder)—or the agent of the capital—the CEO/director—is racking his brains all the time thinking about how to take up more of your time is, in essence, taking away more of your freedom.
The author has been engaged in technical management positions for more than ten years, and I have a deep understanding of this. When you want to rely on others to get results, it is impossible not to be anxious; how to whip the fast cow, use both soft and hard methods, and make the team achieve results is something you can't help but think about.
This is actually human nature. "Sense of relaxation" is something that most people can't learn, can't do, or even disdain and don't want to do. Look at how many parents are keen on "fire-up babies", for fear that their children will fall on the starting line, and you can see the source of helplessness in human nature.
You can say that the purpose of capitalists is to exploit employees, but it is hard to say that the purpose of parents is to exploit their own children, right? If you ask ten parents, ten parents will say that they do this for the benefit of their children!
In fact, if you ask us who are managers, we will tell you that our managers are really for the good of employees! Only with strict requirements can employees grow faster, get more and better performance and get bonuses, get promoted and raise their salaries to reach the success of life!
If you reflect on the shortcomings of my management, the lack of strict management must be an important flaw.
The Coase Theorem tells us a simple truth that capital always tends to flow to those who can make it reproduce faster.
The manager's responsibility is not to satisfy employees, but to satisfy capital. If a manager cannot maximize the extraction of employee productivity, thereby allowing capital to reproduce faster, capital will ruthlessly abandon the unqualified manager.
Satisfying employees is just a means, to drive greater productivity through superficial happiness and harmony. The ultimate goal is still, and must be, to satisfy capital.
The author has read so many warm and affectionate management books. In the end, the author believes that the Coase Theorem is the "first principle" of all management studies, and it is also worthy of careful consideration by every technical idealist who is promoted to a management position.
To put it bluntly, the Coase Theorem is a principle of economics, but management is just a superstructure. The economic base determines the superstructure, and always will.
The numerous economic theories are almost all "fate recognition". Look at those big KOLs who talk about economics, which one didn't tell you that you are not satisfied with having a job? Having a job or been employed means that there are still people who appreciate your little value. Exploited? Someone is willing to exploit you, that is your blessing! Look, look, countless people want to be exploited but can't get the job!
At this time, look back at the two principles at the beginning of the article. The first rule is that the butt decides the head. Economists have butts too, without exception.
Guess which side their ass is sitting on?
The research of "Fate-Resignation" is nothing more than inventing 10,000 theories to explain to you why you are destined to be a poor but happy worker, while those who own capital are rich but distressed capitalists. Without capitalists working hard to create jobs for everyone, you proletarians don't even earn wages, so can you just live by drinking the northwest wind?
Knock on the blackboard and remember: Business is the greatest charity!
But. But. In Europe more than a hundred years ago, there was also a "Ma" (Translator comment: Pony Ma, Jack Ma are two "Ma"s in recent China. "Ma" here implies Karl Marx who has also a "Ma" in his surname). He wrote a famous saying that will live on forever:
"You have only interpreted the world, in various ways. The point, however, is to change it."
Most ordinary people don't want to change the world. They just want to change their personal and family destiny.
There's nothing wrong with this, or where it shouldn't be. If you are poor, you take care of yourself.
However, countless people worked diligently, racked their brains, and even did not hesitate to speculate and offense the laws. In the end, thousands of troops and horses crossed the single-plank bridge, and there were very few people who could truly change their destiny against the fate and achieve class leaps.
Social relations of production are an impenetrable web. Everyone is in it.
This web is like a spider's web, and people are like little bugs stuck to it. No matter how hard you struggle, it's just a vibration around your "social position". It is almost impossible to "jump" to other positions (social status) in the social network.
Wealth and power tend to flow and be distributed along the web's space dimension (that is, where each person is), with little to do with how hard each little bug vibrates.
But this is not an unsolvable dead end.
The web of social production relations has one of the biggest differences from spider webs, that is, the latter is physical, composed of atoms, and the existence of the objective world, while the former is informational, and is the common imagination and subjective consensus of human beings which is made up of bits.
By deconstructing people's common imagination, this net can be torn apart, and social production relations and relative positions can be reconstructed.
Such deconstruction tools have various forms in different stages of human society.
In the age we are currently living in, this tool has emerged.
The "Ma" above, who wrote "the point is to change the world", once clearly pointed out in his book that capital is nothing but social relations.
To deconstruct social relations is to deconstruct capital.
The highest form of capital is financial capital. The ultimate form of financial capital is money.
To deconstruct capital, we must aim at the throne and deconstruct money.
If there are only thoughts, ideas and desires, people cannot be organized, and their power cannot be gathered. They can only be a mess of scattered sand and mobs.
But when ideas take hold of the masses, and tools are invented and created so that everyone can possess them permissionlessly, then the forces of many are easily networked and great power emerges.
Huge physical power. Consuming a huge amount of energy. Indomitable and unstoppable.
Only a material force that cannot be stopped by the strongest army in the world can destroy and deconstruct the world currency supported by the strongest armed force in the world.
There is no other, because this power conforms to the deep desire for freedom in the depths of human nature.
A life with peaceful days, no layoffs, and no PUA requires financial freedom.
Freedom, what a breath of fresh air. The singing of birds and the fragrance of flowers are fascinating.
Financial freedom is just the primary form and minimum requirement of freedom.
The deconstructor of this world currency will give freedom to everyone who accepts it.
The T14 expert, who was laid off in the previous article, said that he has not yet reached the state of financial freedom. Everyone discussed, how can it be possible for people who earn millions and work for so long to still not be financially free?
Without the disclosure of specific figures, it is difficult for us to judge.
We have seen some magazines come up with some so-called standards of financial freedom.
But financial freedom is actually individualized, and it is a personal matter. Where is the so-called standard?
A person can be considered to be in a state of financial freedom if he hoards enough assets that are 10 times the annual income as an employed worker, and the assets have an expected compound annual rate of return (CAGR) of more than 10% in the next few decades.
For example, Charlie earns $100,000 a year as a part-time worker, so he only needs to accumulate qualified assets equivalent to 1 million (at the bottom of the bear market) to be financially free.
How to save the 1 million?
Save 50,000 of the income every year, and automatically invest ("Eight Words", aka "Ba Zi Jue". Translator comment: BZJ means persist in automatical investment, and buy the dip) into this asset.
Calculated according to the CAGR of 10%, you only need to adhere to the "BZJ" for 11 years, and the accumulated value of the hoarded assets is:
5 * (1.1^11 + 1.1^10 + 1.1^9 + 1.1^8 + 1.1^7 + 1.1^6 + 1.1^5 + 1.1^4 + 1.1^3 + 1.1^2 + 1.1) = 1.019 million financial free
If he can increase his savings and save 80,000 per year, then this time will be shortened to 8 years:
8 * (1.1^8 + 1.1^7 + 1.1^6 + 1.1^5 + 1.1^4 + 1.1^3 + 1.1^2 + 1.1) = 1.006 million financial freedom
If the early return rate of the asset is higher than the expected value of 10%, for example, it reaches twice 20%, and only deposits 50,000 per year, then this time is also shortened to a little more than 8 years:
5 * (1.2^8 + 1.2^7 + 1.2^6 + 1.2^5 + 1.2^4 + 1.2^3 + 1.2^2 + 1.2) = 989,900 yuan, almost financial freedom
It can be seen that the higher your employment income level, the more assets you need to save to achieve financial freedom.
We don't know the exact annual income of the expert above. Assuming 2 million per year, then for him, the standard of financial freedom is to save 20 million equivalent, CAGR > 10% of qualified assets.
This qualified asset needs to be able to survive for decades without disappearing or being destroyed. And can have higher CAGR expectations. That is, both security and high growth.
The most likely qualified asset in the next few decades is none other than Bitcoin.
Anyone that achieves a great cause must be deeply in human and conform to human nature.
This era is an era calling for freedom, and Bitcoin came into being.
The years that hundreds of millions of people pursue are peacefulness and happiness, and the thousand-year achievements that Bitcoin wants to achieve, are actually unification.
Only by deconstructing the world currency, deconstructing the capital machine, and deconstructing the old society can we return the years that belonged to hundreds of millions of people to everyone. The grandest, and the tiniest, is one goal.
The gaunt-faced commoners are buried by weeds; None dares to sing a dirge to move the earth to grief. (Poem by Lu Xun)
Superstructure is decided by the economic base. Independent money, endowing individuals with independent personality and human dignity.
Extra: The full book of "History of Bitcoin" has been released on leanpub https://leanpub.com/history-of-bitcoin
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(Disclaimer: The content of this article does not constitute any investment advice. Cryptocurrency is a very high-risk product, and there is a risk of zeroing at any time. Please participate carefully and be responsible for yourself.)