If you want to manage your money well, you must first understand the concept of financial management. The so-called financial management is the process of investment activities carried out by individuals or families in order to preserve and increase their own funds or assets. In the investment field, there are traditional bank deposits and bond market bonds, which have less risk and relatively stable returns. Then there are high-risk investments such as stocks, funds, foreign exchange, gold, futures, ancient coins, jewelry, jade, agate and real estate.
Financial management, the primary stage, that is, the little white period. This period is the most risky stage to participate in investment. Correct financial management methods should be carried out under the guidance of trusted and experienced professionals in different fields. The process from Xiaobai to a mature investor is Xiaobai's most common mistake. After one or two successful investments, it is easy to become impulsive and over-trust yourself, which eventually leads to major failures. Therefore, at any time and at any stage, the proportion of high-risk investment should not be too large. Never invest all your money or assets in high-risk investments. In the small white stage, you can't be in debt or through capital. At any stage, investors have the highest investment ratio in personal assets, ranging from 60% to 70%. Exceeding this ratio is gambling, not investment.
A gradual process in any high-risk investment field. Without more than 5 to 10 years of investment practice, you can't be said to be a mature investor. Because investment is a process of correcting mistakes repeatedly, and it is also a process of accumulating experience. Therefore, without time or practice, Xiaobai can't succeed at this mature stage. At this stage, there are no shortcuts or jumps.
(Personal opinion, for reference only)
I think the correct financial management methods should be "living within our means", "growing", "learning and thinking", "asset allocation" and "long-term persistence".
To achieve the above five points, we can do a good job in financial management and realize the preservation and appreciation of personal wealth:
make both ends meet
At the beginning of financial management, we must live within our means, so as to accumulate the first bucket of gold in life. Only in this way can we have the capital for financial management. How to manage money if you can't make ends meet? We must form the habit of living within our means from an early age.
2 from small to large
Refers to the scale of financial management from small to large. Because novice financial management lacks professional knowledge, it will be too risky in financial management. At this time, we need to start with small funds, starting from several thousand yuan and tens of thousands of yuan, and gradually improve our financial management ability and accumulate our financial management experience through small funds.
3 Learning and thinking
Many people don't like reading and studying when managing money. This is absolutely wrong. The financial knowledge in books can help us avoid detours. And we can turn things in books into our own experiences through thinking and practice. When you encounter specific problems in financial management, you should think independently, and such progress will be rapid.
4 Asset allocation
When there are more and more funds for financial management, we should pay attention to diversifying risks. It is very important to allocate diversified financial assets at this time. Build a portfolio. Match high-,medium-and low-risk wealth management products, and combine assets from multiple varieties and angles to achieve risk hedging. For example, wealth management products should not only have a variety of funds, but also have a variety of portfolio management such as gold, real estate and insurance.
5 long-term persistence
Financial management must be long-term to be effective. Financial management should be a lifelong matter. Many people can't persist in investing in funds for a year, and many people lose money and sell them. But if they persist for a few more years, they will probably make money.
Financial management is nothing more than increasing revenue and reducing expenditure. Being rich and having no money is not the most important point in financial management, because there is always something you can do.
How to manage money without money?
(1) bookkeeping
Through bookkeeping, each of us can clearly understand our income and expenditure in a certain period of time, plan consumption and investment reasonably, and avoid impulsive consumption. Once this tempting society falls into the consumption trap, it will be difficult to extricate itself. Therefore, keeping accounts at any time is helpful to cultivate good consumption habits and improve your financial management level.
(2) Find "habitual" expenditure
There is always some consumption in life that comes from your own habits, and some habits can actually be completely quit, which is also the main source of throttling. For example, a cup of coffee that wakes up every afternoon, or a fitness card that has been charged for a year, can't go several times. These unnecessary expenses are horribly spent in our unconscious, and the unit price is not much, but as long as the frequency is gradually frequent, it will become a big expense.
How to manage money with money? (1) Both hands are right.
The classic pool problem of primary school Olympic mathematics, a swimming pool is full of water, ask when the pool will be full. When you have a surplus again, learn to earn a simple but profound truth about spending.
(2) The 10/50 rule in economic theory.
Monthly fixed income deposit 10%, unexpected income deposit 50%. The essence of the 10/50 rule is to force yourself to have cash flow at critical moments, make rules for saving money, and provide financial guarantee for future life. This is what I personally admire. Having a reserve around you can make people live a down-to-earth life and get pleasure.
(3) Fund investment
(4) Regular wealth management products
At present, the only wealth management product on the market that can protect the capital and income and calculate compound interest is the savings insurance products of various insurance companies.
Here, we usually recommend a series of products to big companies to make a good start. Take China Life's fist product Xinfulinmen A as an example. According to the contract, the guaranteed settlement interest rate of the celebration account is 2.5%, which is currently maintained at a high level of 5.3%, which is attractive for the current and future unpredictable interest rate cuts.
(5) Read more books and learn to improve.
This is also the most important point that this article wants to emphasize. In the case of abundant funds, the return rate brought by investing in yourself is much higher than other financial management. Always firmly believe that knowledge changes fate, financial management will not bring wealth, but reading can change the class.
Finally, the most important thing in life is utility. Spend money on the cutting edge, do a good job in life planning, maintain a healthy body, high morale and a state of continuous learning, and seek development space for yourself. Don't be poisoned by "financial management".
What is the correct way to manage money?
Personally, I feel deeply when I see this problem. It is through my personal practice in recent years that I have sublimated my understanding of financial management. The main points of sublimation are: (1) We should regard cash as a financial asset similar to bonds and stocks; (2) Because paper money is issued by state agencies and there is inflation, holding cash is the worst investment. (3) Don't be afraid of asset fluctuations. Fluctuations will not cause your assets to shrink, so you can buy inferior financial management.
Next, let me explain step by step how I came up with the above idea.
In our common sense, we always feel that holding cash is practical (this is the psychological state of most people, but it is not common sense. Common sense is that holding cash is the worst way to manage money.
Inflation, I believe everyone has the greatest feeling in life. Over the years, people used to buy things for a few cents, but now no one uses cents and cents to buy things. This is obvious inflation. Therefore, the first financial management method: regular deposit in the bank, basically can not run away from inflation, so this is the worst financial management method.
The second way of managing money is: money fund. The advantage of this method is low risk (although it does not break the capital, in extreme cases, bank runs may also lose money), so it can be carried with you. However, the disadvantage is also obvious, that is, when the social risk-free interest rate keeps falling, the income is only 3%, which obviously can't outrun inflation. As a temporary place for short-term use of working capital and increasing income, it is ok, but it is still not a long-term financial management method.
The third way of financial management is various P2P financial management platforms. Then some people may ask, I can put p2p financial management and so on at any time. 7% or 8% interest can be paid off in three or six months. It is with this concept that my wife bought wealth management on her company's instant wealth management platform, about 7%, thinking that her company's platform is no problem. As a result, the company that borrowed money delayed again and again, but still failed to repay the principal and interest. Later, I carefully studied the company that borrowed money. This company basically mortgaged all its equity and assets. Dare you lend him money? But on this platform, everyone lends money directly without knowing who the company is in detail. I said, for 7% interest, I actually risked losing my principal, which is very high, far higher than the risk of investing in a quality company in the stock market. Therefore, private lending or bank financing (now banks are no longer rigidly accepted), you need to spend a lot of energy to study the agreement between wealth management products and the corresponding borrowers or companies, otherwise you may be wiped out. It is estimated that the P2P platform has been running and thundering in recent years, and many people know that P2P is not reliable. This kind of investment method has a high probability of losing everything and going through the customs directly.
The fourth way to manage money is to buy a house and collect rent. Well, I admit that this is also a good way to manage money, provided that you buy real estate when the rental-to-sale ratio is 5%~6%, and then collect the rent, then it is estimated that you have already been rich, and the house price has been rising in recent years. But now, if you buy a house and collect rent, the rent-to-sale ratio will exceed 1%, and you will definitely not win inflation. Many people actually don't go for the rent, but hope that the house price will go up and sell it to the next home to earn the difference. That's gambling and speculation for me, not included in the investment. Therefore, buying a house and collecting rent is a good way to manage money, but the current domestic rent-to-sale ratio makes it not a good way to invest now, and it is also a good way to manage money when the rent-to-sale ratio is appropriate.
The fifth is to invest in the stock market. It is estimated that as soon as you see investing in the stock market, you will think it is gambling and you can't enter. In fact, if you understand buying stocks as holding some shares of high-quality companies and enjoying the company's growth and rising dividends, then the stock market is a good way to manage money. What you need to overcome is the fear and excitement brought by stock fluctuation, which seems to be the skyrocketing and plunging of assets, and then buy part of the equity of high-quality companies at a reasonable price. Then defeating inflation should be a high probability event.
As for speculating bitcoin, shoes, blind boxes, antiques and gold, well, these things that can't generate any cash flow are all gambling in my eyes, and I don't play.
More than 5% of wealth management income is high-risk.
And what about the general understanding of the people? I think the income is too low.
Why not buy a house? Why not buy Maotai stock? Why not put money into the city? City investment is state-owned with an annual interest rate of 10%. How stable is this?
You're talking about theoretical security.
Large investments require absolute security. You can look at listed companies and Public Offering of Fund. What do they do with idle funds? These are professional financial management teams.
You will find their methods very retarded.
Either buy a money fund directly or buy a large amount of wealth management from a bank.
Why are they so stupid?
Because they are too smart to know that safety is not proportional to high returns. In the past, a 5% safety return was possible. Today, in the low interest rate environment, 3% is already very good.
I also met a small local tyrant who is similar to TuLao Wang. He has 20 million cash, which is earned by doing e-commerce. Alipay released 6.5438+million yuan, and banks bought 6.5438+million large deposits, which added up to almost 2,000 yuan a day. It's true. Generally, when they ask me questions, they always prove the authenticity of their questions first, including screenshots of deposits. None of this.
His problem is how to manage money more reasonably.
Buying a house? Buy land? Stock?
My suggestion is that in this big environment, it is great to keep the principal.
Don't pursue too much.
Large-scale financial management should pursue absolute safety, and don't listen to those tutors blindly BB, because eggs can't be placed in one basket, and a combination of low, medium and high returns should be configured.
Don't study these things. If you don't say it, it's not worth the loss.
If you really have this luxury, you can spend some time studying an index fund or a famous brand fund, and then make a fixed investment and set up an ultra-long line. There are two prerequisites:
First, you must thoroughly understand the mathematical model, and you really understand it.
Second, your investment strategy is based on ten years.
Third, you have strict discipline and cash flow.
You don't need to study too much, just funds, such as SSE 50. As long as you dare to make a long-term fixed investment, you will definitely outperform bank deposits. However, there will be no high income. After ten years, it is possible to calculate the annualized income of 8% to 10%.
The greater the amount of funds, the higher the threshold of 5% annualized income.
It's hard to cross!
5% is also the threshold of IQ test. ...
The less money a person has, the more confident he is, and even the more confident he is to speculate on science and technology innovation board and Bitcoin. The key is that he feels that he has mastered the law of development of things.
I wrote before, do you know why the state intervenes so much in the stock market and the property market?
It is to protect the vast number of retail investors.
IQ is not equal.
If you really let a big family play freely?
Aren't you all leeks?
Bitcoin is a typical unsupervised stock game. Do you think mistress has a winner? Sooner or later, I will go to the rooftop.
Don't believe it?
You just ask 10 people around you. Do you ask if the annualized rate of return of 5% is high?
The answer is almost always, not high!
In the eyes of people in the county, 10% is a common phenomenon, because there are enterprises absorbing reserves everywhere, and with such benefits, no one has an accident, right?
What you said is true!
On the issue of investment and financial management, we can only give conservative advice, not radical advice. There is nothing wrong with being conservative. For example, if you deposit money in a bank or buy a money fund, you won't make much money, but you can't lose money.
I always think of the woman who founded Didi. Originally, she had a good family and was a full-time wife. However, she is keen on learning financial management, helping her friends to stock, and losing money. She made a verbal promise and lost money.
What if there is no money to repay?
Can only work, slowly return, not only open Didi, but also do direct sales. ...
The more anxious you are to make money, the less you can earn.
Sometimes, advice is also a responsibility. You can just show that you have done it, but don't give advice, don't train, and don't build a group, because investment is nothing more than human factors.
Theoretically speaking, a fixed investment can definitely make a steady profit, but this is only theoretical. The proportion of human factors is too high, which may not be suitable for us. Is it investment or speculation? A few days ago, I shared a paragraph: investment, trading, speculation, betting and gambling are completely different things, and they are only related to their own motives and behavior patterns. One can invest in Las Vegas, buy the most stable products or gamble. What do you think of the market, the market will treat you in what way.
Hello, friends!
General financial management is that with the growth of assets, the method of slow financial management will gradually change. Generally speaking, when you start working, you just save money or manage money, then you buy a house, and then you continue to save money and manage money, so your life will get better and better.
1 Save money, manage money When you first start working, you just work, save money, and then manage money. The purpose is to save money as soon as possible, and when the down payment is enough, you can buy a house.
At this stage, it is generally possible to put part of it in the bank or manage it, and part of it can invest in high-dividend blue-chip stocks in the stock market, so that the risk will be smaller and a relatively stable income will be obtained every year.
So, when I first started working, I was saving money for financial management.
Buying a house is also a good way to manage money, which can preserve and increase the value of your assets. So, if the deposit is enough for the down payment, buy a house of your own.
Real estate is a good asset against inflation, and our real estate price will rise slowly in the future. Therefore, if the deposit is enough for the down payment, you can borrow money to buy a house of your own.
This can not only keep the property value and appreciate, but also make you live and work in peace and contentment, and also save some rental expenses, which can be said to be quite appropriate.
Therefore, if the deposit is enough for the down payment, you need to buy a property.
3 Continue to save money and manage money. After buying a house and paying off the loan every month, you still have to find ways to save more money and then manage your money, so as to gradually increase your savings.
Generally speaking, the financial management method at this time is still familiar with deposit banks, bank financial management, or high dividend blue chips that invest in the stock market.
In this way, gradually, my financial assets will be more and more, the interest income I can get will be higher and higher, and my life will be better and better.
Therefore, after buying a house, continue to save money, so that with the growth of financial assets, your life will get better and better.
Conclusion The way of financial management will change. Generally speaking, when you start working, you will buy a house if you save enough money and pay the down payment. After you buy a house, continue to save money, and gradually your financial assets will be more and more, and your life will be better and better.
Financial management is to manage life, so how can we say goodbye to dead wages and let money work for you? Lao Liu is happy to share his knowledge of investment and financial management with you. Managing money is not an easy task. If you want to manage your money well, you must first learn the correct financial management methods. So how to manage money correctly?
To learn the basic knowledge of financial management, we must first make clear the financial planning, which includes but not limited to cash flow planning, investment planning, risk management and so on. What is the purpose of financial management? In fact, it is to ensure a sustainable and high-quality continuation of life, and financial revenues and expenditures are not overspent.
Mastering the skills of financial management The first step in financial management is to keep accounts and analyze the financial situation of individual families. Choose wealth management products through multiple channels, rationally allocate funds, and combine long-term and short-term wealth management products to diversify investment risks. Because everyone's situation is different and their financial needs are different, it is necessary to sum up their own experience and find a suitable financial product.
Learn to analyze the financial market summary: most people think that financial management is investment, but it is not. Financial management is broader than investment. The road of financial management is destined to be an endless road of practice. Only by keeping pace with the times, mastering the latest market information and controlling your own funds can you achieve good financial management results.