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If you want to list “the three major obstacles on the road of wealth management”, these three points should be ↓
1. No money
2. No time
3. Don’t understand
The worker often complains and says, “You can’t move the bricks, how can you have time to make money.”
After reading this article shared by Sonny today, you know that financial management is actually very simple, and it can be easy.
01. Frequently sort out your own expenditure and income
There are always friends who do not know their income and expenditure, and there is no balance in a month. This situation is the most typical of young people who have just graduated.
To learn to pay for financial management, we must first control expenditure.
Only with money can we make financial management, learn to account for accounting, write down the daily spending, you can use the online accounting book, or it can be a bookkeeping software, clearly record where your money is spent. After a month, look back, which should be spent, and which can be saved. In the next month, you can pay special attention to adjust your unreasonable revenue and expenditure, and gradually get out of the moonlight.
Here, you emphasize, your expenditure = income-savings (first savory and then flower). Bookmark is a very primitive but effective way of financial management.
Only by combing your income and expenses clearly can we further adjust the financial management strategy.
02. Save money is the simplest and most practical financial management method
Although interest rates can’t keep up with CPI growth, mandatory savings are essential for individuals and families. Many people believe that “can spend money to make money”, but what do you depend on the family who spend money on big hands and deposits?
“Being able to make money and planned money” is the core of investment and financial management.
Therefore, the accumulation of assets is very important, and deposit money is the simplest and most practical wealth management means. As soon as the salary should be received every month, a certain percentage of money is deposited first, and the rest is the expenditure part.
03. Pay attention to the fixed asset ratio in the family
The Chinese especially love to buy a house and think that buying a house is a very insurance investment method, so as soon as you have money at hand, you go to buy a house.
Dozens of millions of housing loans because they buy a house, which often leads to the decline in quality of life.
The same is true of other households’ fixed assets. Some fixed assets have limited value -added space and poor realization capacity. Therefore, the proportion of fixed assets in all household assets should not exceed 60%.
04. Formulate short -term financial management strategies
Long -term investment strategies may make you unable to gain income today and this year. How to guarantee the daily living expenses? At this time, it is important to formulate a short -term financial management strategy. and,
To formulate a clear and quantitative short -term goal, it is easier to get close to long -term goals.
Short -term funding strategy should be based on improving personal skills and creating multiple sources of income.
In addition, even if a short -term financial management strategy is formulated, it cannot be fully dependent on a source of income, and it should be created in various ways. This means smaller risks, even if a source of income disappears, it is not panic. The last thing to point out is,
No matter how much you see, no matter how much you want, there is no action, everything is futile.
05. Don’t think of getting rich overnight
We have said a lot of misunderstandings of wealth management, emphasizing the mentality of wealth overnight. Some friends think that financial management is investment to make money, and even some friends believe that the assets will be considered a real financial management within a year.
Financial management is indeed earning some benefits. Otherwise, what do we spend time and energy? But more important,
Through the analysis of the status of family assets and financial management goals, the long -term scientific planning is formulated to make the living standard flourish and finally achieve financial freedom.
It is not financial management for wealthy overnight. It is the right concept to adhere to the concept of long -term investment.
06. Not blindly follow the trend
Speaking of a phenomenon, there are always such people around them. When the stocks rise, when investing in stocks and collectibles, they invest in collectibles and gold.
But in fact, I do n’t understand anything, but I just blindly follow -up, often after investing.
This is not desirable. After we fully understand our situation, we must formulate a long -term financial investment plan. In particular, pay attention, do not touch what you do n’t understand.
07
, Avoid personal debt
Personal debt will destroy your net assets step by step, allowing you to be busy repaying principal and interest. Buffett’s way of wealth is
Use interest to increase income instead of earning interest with earning income
The latter is doing many people with credit card debt.
He particularly reminded to be alert to excessive consumption of credit cards, it is best not to use it. “The interest of the credit card is very high, sometimes 18%, and sometimes 20%. If the money I borrowed is charged such a high interest, then I will definitely go bankrupt.”
However, it does not mean that you cannot borrow money. If you want to start a business or invest in real estate, borrowing from banks is often a wise choice. But be sure to pay attention to the risks and active force,
Because borrowing money is not free
Essence There is also a suggestion: borrow money to buy cars, electronic products or anything that will decrease, please think twice.
08,
Fully prepare for emergency backup funds
Many families ignore this. A lot of stocks, funds, and houses have been ignored, but there are few cash for emergency cash.
The funds that can be turned on hand are insufficient, or the funds are not flexible.
Although the value of the bank’s survival period does not have much value-added effect, the income of 3–6 months should be used as an emergency backup money for the family to prepare from time to time.
09,
Reduce unnecessary desire
There is a common sense:
Make money to work hard, but you don’t need money.
You have worked hard for thousands of hours before making money, and then use it to buy new cars, luxury vacations, or anything else you want. Although this is very cool, the money is gone, it does not bring you subsequent benefits.
Therefore, we should learn to control desire and control desire within our own ability. therefore,
The easiest way to value asset appreciation is to reduce desire and learn to save money
Essence The ancient Sidoge school also believes that true freedom means less desire and encourage the monarch.
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Your professional financial planning consultant
Mr. Sonny
CFP China Registered Financial Planning Planner holds the certificate of funding, securities, and insurance qualifications.
This is an attitude, financial management knowledge sharing platform, pay attention to Sonny, take you to learn financial management, understand investment, make more money, and prevent pits.