2. Maintain emergency reserves. Whether you do financial management or investment, saving emergency reserves is an important step. Life will inevitably encounter some accidents. This money can be used where it is needed. It can be deposited in Mr. Onion's financial management and taken out at any time. If you are sick or your job changes that day, this emergency reserve can help you at least for a while.
3. Time deposit. For the remaining monthly salary, you need to set aside a fixed sum of money every month. For example, 20% of income is deposited in the bank as a means of compulsory savings.
4. Appropriate financial management to increase income. When your deposit reaches a certain amount, you only need to leave enough risk reserve to deal with various emergencies, and the rest of the assets can try to invest in wealth management products to increase income. Of course, not all of them are invested in low-yield products such as bank wealth management products, nor are they invested in high-risk and high-yield investments such as stock market and futures market. Instead, we should rationally allocate assets, formulate a suitable financial planning and diversify investment risks. For example, investing in Mr. Onion's financial management can be taken out at any time, which will improve your income.
Mr. Robert Toru Kiyosaki, the author of Rich Dad series, said, "Saving is a loser's strategy. You should achieve financial freedom as soon as possible. " However, the road to financial freedom has a long way to go, which requires not only proper methods, but also self-improvement, creating value and getting rid of the "bondage" of money as soon as possible!