I'll teach you how to save 1 million with financial management!
suppose you spend 24, yuan a year, that is, 2, yuan a month, and invest in wealth management products with an annualized rate of 1%. After 1 years, you can save 38 thousand.
if we persevere, by the 2th year, this asset will reach 1.37 million yuan.
Besides, compound interest is more attractive when it breaks through the critical point. If you can persist for 4 years, your wealth will reach an amazing thickness of 1.62 million yuan.
this is the magic of compound interest investment! Does it look exciting?
However, no one can guarantee that the annual rate of return will reach 1%, but we can gradually approach this value through financial management and professional practice.
after all, with the increase of age and experience, and with the increase of salary, the money we can save will also increase, and it will not always be 2 yuan.
therefore, if you want to get soaring financial benefits, there are two key points that must be grasped: one is the rate of return, and the other is the time.
first, in terms of yield, a small change will also have a big impact.
how much to pay back every month will be greatly influenced by the mortgage interest rate, and people who pay back the mortgage should have a deep understanding.
Yu 'ebao, with an annualized rate of just over 2%, is an investment product of many people now. If the annualized rate of return can reach more than 5% through financial management, then the annual interest we get will increase greatly.
there is a calculation method that I want to recommend to you. Its name is rule 72. Rule 72 is a method to calculate the time required to double capital, but under the effect of compound interest.
to know how many years it will take to double the investment principal, you can divide 72 by the annualized rate to get an approximate value.
for example, suppose the initial investment amount is 1, yuan, and you invest in Yu 'ebao. If the annual interest rate is 2.5%, then the time to double your capital is calculated as follows: 72÷2.5 (annualized rate) =28.8.
if you can achieve an annualized rate of return of 5% through financial management, then you only need 72÷5 (annualized rate) =14.4 years, and your funds can be doubled.
Of course, if you raise the rate of return to 1%, it will only take 7.2 years to double the original capital.
financial training camp can teach you this knowledge for those who want to rationally allocate their assets and improve their financial returns in a safer situation. Interested friends can click on the link below to sign up for lectures. It's never wrong to learn more: sign up for financial training camp, study with other friends, and don't fall behind.
second, the most important thing in financial management is persistence, that is, time.
Take a thinking problem as an example: a duckweed appeared in a pond. If it doubles every day, experts estimate that the whole pond can be filled in 1 days. How many days does it take to make the water half full?
answer: 9 days.
in other words, if the ninth day is the "critical point", the growth on the last day can be doubled.
another example: when Warren Buffett was 5 years old, his net worth was only $376 million. At the age of 59, this figure reached $3.8 billion. So it can be said that Buffett's "tipping point" was when he was 59 years old.
To succeed, the accumulation of resources is the first step, and the key to success lies in persistence. The result of investment is not the gain or loss of one or two years, or even the result of three or five years.
You can only save one or two thousand yuan a year, but when your income increases gradually, your savings will also increase greatly, and you will actively invest every year. As time goes by, your investment income will skyrocket.
In the financial training camp, the teacher explained to us, such as how to accumulate the first bucket of gold, improve the return on investment and realize wealth accumulation. If you are a moonlight family and want to improve your financial management ability, then I sincerely hope you can join us: "Financial Training Camp" will take you to the gold digger easily and steadily, and click to register.
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Insurance consultant Jiang
213-12-27 TA received more than 7895 likes
Hello!
There are many products suitable for financial management, besides bank time deposits, there are bonds, credit cards, stock investment, insurance financial management and so on. Investment and financial management that suits you is the best. It is recommended that you consider the specific products, your own needs and economic ability comprehensively.
Generally speaking, the basic steps that investment and financial management should follow are as follows:
1. Make clear the financial objectives, find out the financial gap, set reasonable objectives, make clear the gap with the objectives, and give consideration to both short-term and long-term objectives.
2. Self-test the risk tolerance and rationally plan the asset allocation portfolio. Determine the asset allocation portfolio according to your own risk tolerance. The risks from big to small are: deposits, wealth management products entrusted by banks, bonds, funds and stocks. 3. Select the appropriate wealth management products and investment methods, and determine the investment varieties and allocation proportion according to the asset allocation portfolio.