So:<p>1. don't be unemployed or under-employed (he clearly says it is your fault if so)<p>2. don't get sick, not mentioned anywhere what happens then, does HK have universal healthcare?<p>This sounds a bit like McDonald's financial advice to their employees<p><a href="http://www.nbcnews.com/business/personal-finance/mcdonalds-finance-guide-insulting-low-wage-workers-f6C10653604" rel="nofollow">http://www.nbcnews.com/business/personal-finance/mcdonalds-f...</a><p>btw, this guy made his money by buying cheap real-estate and got lucky when prices went up:<p><a href="http://en.wikipedia.org/wiki/Li_Ka-shing#Real_estate" rel="nofollow">http://en.wikipedia.org/wiki/Li_Ka-shing#Real_estate</a><p><i>In reality, Li went to school for a couple of years and then started working for a wealthy uncle (from the family that owns Hong Kong's Chung Nam Watch Co.). Subsequently he became part of an important subcategory of tycoons who got ahead, in part, by marrying the boss's daughter.</i>
I find it fascinating that that the consensus among the responses in this thread seems to be somewhere between Li Ka-Shing being a hypocrite, that buying food for people richer than you is crazy, that his advice is useless, etc.<p>Sure, there are cultural incongruities. Americans don't understand buying lunch for your superiors, and the advice to beat yourself up if you fail to see progress is directly opposed to the "do your best" attitude that lives on this side of the Pacific, but the lessons are the same.<p>In the end, the moral is simple: wheeling and dealing. Being crafty. Placing yourself in a situation where opportunities find you, not vice versa. Focusing your personal development on becoming competent enough to act on your opportunities.<p>What bugs me is that this sort of hustling is necessary to thrive in any business, not just software. I suspect HN's criticism of this advice might be a sign of wantrepreneurship rather entrepreneurship.
I don't see why a lot of people disagree with his advice. Perhaps it is the words he uses. These are his basic divisions of cash.<p>1. Live cheaply. Don't waste money where you don't need to.<p>2. Expand your network by being nice and friendly to people.<p>3. Learn and invest in your future.<p>4. Take time off, travel the world and expand your horizons.<p>5. Save money. This is ideally used to start your dream. In reality, this can be used in times of trouble.<p>What's so bad about that? I think this is good advice for anyone trying to ``make it''.
I am from Hong Kong, the article appears to be a spam/fake article: <a href="http://finance.sina.com.hk/news/-3-5652018/1.html" rel="nofollow">http://finance.sina.com.hk/news/-3-5652018/1.html</a> (Chinese)
>Famous theory from Harvard: The difference of a person’s fate is decided from what a person spends in his free time between 20:00 to 22:00.<p>Anyone know the source for this theory? I'd like to know more about it but googling turned up nothing but links to this article.
I actually like his categories:<p><pre><code> 1. Living expenses - 30%
2. Networking - 20%
3. Education - 15%
4. Travel - 10%
5. Savings - 25%
</code></pre>
But his living expenses category seems to exclude housing costs - is there some cultural peculiarity that accounts for that?
<i>Well, after struggling for a year and if your second year salary is still RMB 2,000, then that means you have not grown as a person. You should be really ashamed of yourself. Do yourself a favour and go to the supermarket and buy the hardest tofu. Take it and smash it on your head because you deserve that.</i><p>This is hilarious. I wish people in western media would say things like this more often.
[..] Well, after struggling for a year and if your second year salary is still RMB 2,000, then that means you have not grown as a person. You should be really ashamed of yourself. Do yourself a favour and go to the supermarket and buy the hardest tofu. Take it and smash it on your head because you deserve that.[..]<p>Hahaha smash your head with tofu if you don't get a raise. :))
"Well, after struggling for a year and if your second year salary is still RMB 2,000, then that means you have not grown as a person. You should be really ashamed of yourself. Do yourself a favour and go to the supermarket and buy the hardest tofu. Take it and smash it on your head because you deserve that."<p>The supermarket is fresh out of hard tofu...
<i>Suppose your monthly income is only RMB 2,000, you can live well. I can help you put money into five sets of funds. The first $600, second $400, third $300, fourth $200, fifth $500.</i><p>Da fuq? Are we talking about renminbi or dollars here? Either way... terrible article.
> <i>Well, after struggling for a year and if your second year salary is still RMB 2,000, then that means you have not grown as a person. You should be really ashamed of yourself.</i><p>Lost all credibility right here.