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金融的本質就是讓九成以上的人將收入用盡
By : Investment and Risk
Merry Reading Time 悦讀匯
消費主義負責洗腦
金融工具負責收割
最近和一個在投行工作了十年的朋友聊天，他跟我說： “很多人認為金融可以讓人致富，但是在系統底層邏輯中，現代金融最大的作用就是精準地篩選出想要通過勤奮來實現原始積累的普通人，並且收割掉他們。”
這句話聽起來比較刺耳。但是你若觀察一下身邊的情況，你會發現一個怪異的現象： 這一代年輕人受教育程度最高、工作最努力，但是要完成「第一桶金」的積累，卻比上一代人難得多。
為什麼？因為現在金融生態，到處都是為你量身打造的「累積粉碎機」。
一、消 費主義：提前透支你的 勞動剩餘
原始累積的本質是什麼 ？是勞動剩餘的固定。
簡單來說，就是賺10塊錢，只花3塊錢，剩下的7塊錢就變成資產，這就是累積了。但是現代金融體系的第一道防線就是用各種方法讓你存不了錢。
現在的支付方式越來越隱形了，你發現了沒有？信用卡、花唄、分期付款等等金融產品其實是讓你模糊了對於「錢」的感覺。當你刷臉或按一下指紋的時候，你付出的是辛苦工作的汗水還是數字呢？
金融機構用這種方式把你的勞動成果還來不及享受就被提前收割了。
當你為了最新款的手機、名牌包選擇用分期的方式購買它們的時候，就等於把原本屬於自己的「原始積累」送到了銀行以及廠家的資產負債表中去了。
金融體係用精密的演算法告訴你“你值得過更好的生活”，其實它背後的意思是“你不配擁有存款”。
二、通膨與資產泡沫：無聲的儲蓄清洗
如果你自律，避開消費主義的誘惑，努力存錢的話，那麼第二道關口就等著你了，那就是 購買力的無聲稀釋。
從宏觀金融的角度來講，適度的通貨膨脹是常態。但是對於處於最初累積階段的人而言，通貨膨脹就是最殘忍的利息。你辛苦累積的50萬，在三、五年一次資產價格波動之後，購買力就會減少三分之一。
優質的資產（比如說核心地段的房子、頂級企業的股份）漲得比薪水快。
金融槓桿被富人用來買資產，一般人則被排除在外。等你存夠了十年前的買房頭期款，房價已經漲了三倍。
追趕效應使得90%的人陷入了西西弗斯式的困境： 你一直努力不斷地把石頭推上山，但是金融系統只要稍微轉動一下貨幣閥門，你的石頭就會滾回原點。
三、複雜金融產品：專門收割「懂點行」的人
如果說消費主義收割的是小白，那麼複雜的金融產品收割的就是想透過理財實現階層跨越的中產。
這幾年來我們看過很多名詞：P2P、非標資產、各種掛鉤衍生性商品、甚至是以AI、區塊鏈為名的理財方案。
這些產品最初的設計目的，不是為了幫助你獲利，而是為了獲得你的管理費以及本金。現代金融非常推崇“波動”，因為有波動才會有交易，有交易才會有手續費。
對於想要完成原始累積的人來說，最穩健的方法一般都是最無趣的。但是金融體系會不斷地製造焦慮，誘導你去頻繁地操作、去追漲殺跌、去相信那些連專家都無法解釋清楚的演算法。
最終，當大部分人才剛開始踏上「通往財務自由」的道路時，就變成了金融機構利潤表上的一行數字。
四、如何打破這個隱形圍欄？
看清了事實之後，並不是要我們憤世嫉俗，而是為了讓我們在博弈中為自己留下一線生機。
想要實現原始積累，就必須擁有以下 這三種「反直覺」的能力：
1.極高的自律性與延遲滿足： 當金融體系瘋狂地誘導你消費的時候，你要像守財奴一樣守住自己的本金。原始累積時期省下的錢就是你以後的士兵。沒有這個最初的規模效應的話，任何理財技巧都是空中樓閣。
2.遠離看不太懂的高收益： 所有的金融創新，第一受益人永遠都是設計者。一般人累積最多的方式，就是「深耕場內（職業技能）+場外被動長拿（定投指數或核心資產）」。
3.建立「資產」而不是「負債」的思維： 每花出去一筆錢的時候，都要問自己，這筆錢是讓我以後更有錢，還是讓我以後必須更努力地償還？
現代金融是一場巨大的「智力與慾望」的篩選。它獎勵的是能夠忍耐延遲滿足、看穿規則的人，而懲罰的是隨波逐流、被慾望所裹挾的人。
原始累積的過程是枯燥的，甚至是非常痛苦的，在繁華的都市裡要堅守住內心，做個苦行僧。
只有當你完成了最初的累積之後，你才有資格與這個系統抗衡，甚至利用這個系統。
不要在終點線還沒到達之前就已經消耗完你所有的體力.
Consumerism is responsible for brainwashing
Financial instruments are responsible for reaping
I recently chatted with a friend who has worked in investment banking for ten years. He told me: "Many people believe that finance can make people rich, but in the underlying logic of the system, the biggest role of modern finance is to precisely filter out ordinary people who want to achieve initial wealth through hard work and then harvest them."
This statement sounds harsh. But if you observe the situation around you, you will find a strange phenomenon: This generation of young people has the highest level of education and works the hardest, but accumulating their "first pot of gold" is much more difficult than the previous generation.
Why? Because the current financial ecosystem is full of "accumulation crushers" tailor-made for you.
I. Consumerism: Prematurely Exploiting Your Labor Surplus
What is the essence of initial accumulation? It is the fixation of labor surplus.
Simply put, if you earn 10 yuan, spend only 3 yuan, and the remaining 7 yuan becomes assets—that's accumulation. But the first line of defense in the modern financial system is to make it impossible for you to save money through various methods.
Have you noticed that payment methods are becoming increasingly invisible? Credit cards, Alipay's Huabei, installment payments, and other financial products blur your sense of "money." When you scan your face or press your fingerprint, are you paying with the sweat of your hard work or just numbers?
Financial institutions use these methods to prematurely harvest the fruits of your labor before you even have a chance to enjoy them.
When you choose to buy the latest phone or designer bag on installment, you're essentially sending your "original savings" to the balance sheets of banks and manufacturers.
The financial system uses sophisticated algorithms to tell you "you deserve a better life," but what it really means is "you don't deserve savings."
II. Inflation and Asset Bubbles: The Silent Erosion of Savings
If you are disciplined, avoid the temptations of consumerism, and diligently save money, then the second hurdle awaits you: the silent dilution of purchasing power.
From a macro-financial perspective, moderate inflation is the norm. However, for those in the initial stages of accumulation, inflation is the cruelest form of interest. Your hard-earned 500,000 yuan will lose one-third of its purchasing power after asset price fluctuations every three to five years.
High-quality assets (such as properties in prime locations or shares in top companies) appreciate faster than salaries.
Financial leverage is used by the wealthy to buy assets, excluding ordinary people. By the time you've saved enough for a down payment on a house ten years ago, the price has tripled.
The catch-up effect traps 90% of people in a Sisyphus-like dilemma: you keep pushing the boulder uphill, but the financial system can easily turn the monetary valve slightly and send it rolling back to its starting point.
III. Complex Financial Products: Targeting the "Know-It-All"
If consumerism preys on novices, then complex financial products prey on the middle class seeking upward mobility through wealth management.
In recent years, we've seen many terms: P2P lending, non-standard assets, various derivative products, and even wealth management schemes using AI and blockchain as a moniker.
These products were originally designed not to help you profit, but to collect management fees and your principal. Modern finance highly values "volatility" because volatility drives transactions, and transactions generate fees.
For those aiming for initial wealth accumulation, the most stable methods are often the most uninteresting. However, the financial system constantly creates anxiety, inducing frequent trading, chasing highs and lows, and believing in algorithms that even experts can't fully explain.
Ultimately, when most people are just beginning their journey "to financial freedom," they become nothing more than a line of numbers on a financial institution's profit and loss statement.
IV. How to Break Through This Invisible Barrier?
Understanding the facts isn't about becoming cynical, but about leaving ourselves a chance to survive in the game.
To achieve initial wealth accumulation, you must possess these three counterintuitive abilities:
1. Extremely high self-discipline and delayed gratification: When the financial system frantically induces you to consume, you must guard your principal like a miser. The money saved during the initial accumulation period is your future capital. Without this initial scale effect, any financial management skills are castles in the air.
2. Stay away from high returns that are difficult to understand: In all financial innovations, the primary beneficiary is always the designer. The most common way for people to accumulate wealth is through a combination of "deepening their professional skills" and "passive long-term holding" (investing in index funds or core assets through dollar-cost averaging)."
3. Cultivate an "asset" mindset, not a "liability": Every time you spend money, ask yourself, "Will this money make me richer in the future, or will it require me to work harder to repay it?"
Modern finance is a massive filter of "intelligence and desire." It rewards those who can endure delayed gratification and understand the rules, while punishing those who drift with the tide and are swept away by desire.
The initial accumulation process is tedious, even extremely painful. In a bustling city, you must hold firm to your inner strength and become an ascetic.
Only after you have completed the initial accumulation are you qualified to challenge, and even utilize, this system.
Don't exhaust all your energy before reaching the finish line.
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