Determine financial goals: financial goals can be roughly divided into three types: saving money (saving money to buy a commodity), preserving value (in order not to let your money depreciate because of inflation), and increasing value (that is, making money with money). Saving money is the lowest financial goal. It doesn't matter whether the money in the bank increases or decreases. As long as you save enough money, you can buy things. Preserving value is more technical, you need to consider where your money is invested, and financial management consumes more energy; It is even more difficult to add value. In fact, the essence of maintaining and increasing value is the same. You need to put your experience into the analysis of financial products such as stocks, markets and futures, or buy some value-added goods. This also requires you to have a certain economic mind and spend some experience. Consider your own economic strength and energy that can be used for financial management, and then decide your own financial management goals.
How do individuals manage their finances?
Make a financial plan: After analyzing your financial goals, you can make a financial plan. In this step, you should consider which part of your income can be used for financial management. For people with higher economic income (monthly income of more than N million), your economic income can be divided into three parts: consumption, savings and investment. People with high safety requirements can save more and invest less, while optimists can spend more and invest less; You can save less money and invest more in something challenging. If the monthly income is less than 65,438+0,000, you can consider reducing consumption and increasing savings. If there is a certain economic accumulation, you can also invest in some projects with less risk. For example, buying a house is also a way to maintain and increase value at this stage.
How do individuals manage their finances?
Determine the investment project: at present, savings can't achieve the purpose of maintaining and increasing value, because the bank interest is too low and the RMB depreciates quickly, so use money to buy a certain commodity (including stocks) and then use the value of the commodity to maintain and increase value of your money. This is the basic principle of financial management. If you have a lot of time to manage money outside of work, you can choose some short-term investments, so that your liquidity will be faster. If you don't have much time to consider investment projects (such as stocks), you'd better choose some long-term and safe financial management projects in banks, such as national debt and money funds.
How do individuals manage their finances?
Master the source: now is the information society. Mastering an important piece of information can make you rich overnight. For example, if you know that a stock may go up these two days, you may make a fortune these days. The news that is most likely to make you rich overnight is inside information, usually from relatives and friends; Generally, people who speculate in stocks should pay attention to news at home and abroad; There are also some national policy adjustments that should be paid attention to at any time.
How do individuals manage their finances?
Diversification of investment fields: It is said that eggs cannot be put in one basket. For example, if you invest in oil and gold at the same time, they tend to go up and down, so you won't lose all your money at once. This is very safe and the purpose of preserving value has been achieved. Want to achieve the purpose of value-added, need more professional operation, but the basic principle is to buy at a low price and sell at a high price.
How do individuals manage their finances?
Limit the investment period: before investing, you should decide when to recover your capital. For example, before buying stocks, you have to decide whether to do long-term follow-up or short-term speculation. Without a deadline, it is easy to have the mentality of "waiting", because investment is like gambling, and everyone has the thinking of "unlucky today, winning back tomorrow". Once the stock price falls, you don't want to lose the bet. Choosing to follow up will cause greater losses. So, before you start, you should know when it will end.
How do individuals manage their finances?
Choose alternative investments: some investments are invisible, that is, you don't think they are investments, but they can really bring you benefits, such as buying rings and other jewelry when you get married. Do you buy a gold ring or a diamond ring? Generally, gold rings can preserve their value, while diamond rings will depreciate immediately after they are bought back. This is a financial management concept. A better way to buy a ring is to buy gold yourself, and then find a famous designer to build it, so that your jewelry can not only preserve its value, but also increase its value. In addition to managing money in this way, you can also choose to invest in education, such as taking classes to learn some skills used in your work. This kind of investment takes time, but the risk is small and the income is large. In addition, emotional investment is also an alternative investment. Spend some money to do more practical things for relatives and friends, and every difficulty will be rewarded.