Someone asked in my X group: in China, with small capital, how can you grow it? Many people’s first reaction is to look for opportunities, look for “hot trends,” but what you should truly examine first is your debt structure and your ability to generate cash flow. Investing isn’t about whether you have debt; it’s about whether your cash flow can support the risks. For example, if a person has a mortgage, but their monthly stable income is far higher than the repayment amount, and their living funds, investment funds, and funds reserved for repayment are kept separate, then that kind of debt can become a controllable form of leverage. But if someone’s income is single-source, their cash flow is tight, and the mortgage and auto loan already take up most of their income, then using limited money to invest is, in essence, betting on the future with the sense of safety from their day-to-day life. The first step for people who can move from small capital to large capital is not to rush into investing, but to build a cash flow system. Cash flow determines survival, assets determine growth, and cognition determines direction. Investing without cash flow support only amplifies risk; only debt with cash flow and isolation capacity can potentially become a tool for growth.