Introduction to financial management
Idea: an indispensable financial mind
We don't want to be materialistic, but we don't want to be poor and indifferent. In today's society, we should actively create wealth and a bright future.
First of all, we should set our own goals, and don't gamble our wealth entirely on luck, let alone on crooked ways. A person is born poor, the responsibility is not on him, and no one can blame others when he is old.
Why not put the money in your pocket and put it in your head?
It is true that knowledge is wealth. It is better to put money in your pocket than in your head when you are young. One way to accumulate wealth is to improve self-worth, so knowledge investment is worthwhile, depending on long-term benefits rather than temporary efforts.
Blind loan is not as good as your own ability?
Can you earn and spend? It is becoming the most popular new concept of financial management. Although loan consumption can? Spend tomorrow's money to round today's dream? Affected by repayment pressure, some families are often stretched and even cause family conflicts. For those who don't want to bear too much pressure, it is also a good choice not to lend as much as possible or to choose a small loan that they can bear.
It's not as good as the husband-and-wife AA system that one person has the final say.
For modern people, the income of husband and wife is high or low, and the expenses of both sides are increasing. Therefore, AA financial management method is gradually accepted by some families, which can give full play to personal strengths and spread family investment risks. At the same time, financial independence also helps to reduce contradictions and promote family harmony.
Channel article: how to achieve it? Qian Shengqian?
Easy to manage, difficult to manage money? Now people have more and more investment channels. As for which investment channel to choose, you need to make a judgment according to the situation, so as to obtain the ideal income.
The most traditional channel: savings
This is the traditional practice adopted by ordinary families, accounting for the highest proportion. Savings and investment are safe and reliable, and can earn interest, but the rate of return is low, and interest tax should be paid. At the same time, deposit interest can't make up for the depreciation of funds caused by inflation.
Guaranteed investment: insurance
As a purely consumer-oriented risk protection tool, insurance can give full play to the investment value of funds and provide adequate protection for family members as long as scientific insurance schemes are adopted.
Steady financial management: mutual gold
Mutual financial management is different from other financial products such as stocks and futures. It doesn't need much professional financial knowledge, and it doesn't need you to spend too much energy. As long as you know the industry dynamics and platform dynamics in time, you can get started quickly.
Besides, compared with similar fixed-income wealth management products on the market at present, Jin Mu is one of the few high-income products. For most people, this is a prudent investment worth trying.
High-risk investment: stocks
This investment tool is the most profitable, fastest and largest. As far as China stock market is concerned, it can generally gain at least 25% or even several times, dozens of times and hundreds of times, but it is also risky, unstable and unsafe. If you don't pay attention, you may lose your money. Investment funds are less risky.
Real investment: collection
This kind of investment is not only safe and reliable, but also can cultivate sentiment, enhance life interest and improve quality of life. At the same time, it has great value-added potential, and its profitability is at least several times, even dozens of times, hundreds of times, even thousands of times and tens of thousands of times. But you have to have this knowledge, because not all collections have appreciation potential.
Most? Lucky? Investment channel: lottery
Lottery is a low-cost, interesting and entertaining investment. Its income is very dramatic and accidental, and the risk is generally zero. You may also get some returns, or you may win a big prize and suddenly get rich. This kind of investment is generally difficult to expect its return. It's better to treat it as a kind of entertainment, and don't expect too much.
Methods: Financial experts started.
When it comes to financial management methods, different people have different opinions, but for many beginners who have just started financial management, some methods are very convenient and practical. If you master these basic methods and steps, it will be your first step to success.
Recognize yourself
If you want to manage your wealth well, you must first understand your basic situation. How much property do you have? What are fixed assets? How much working capital is there? How much debt do you need to pay? How much can be reinvested? What is your (family's) usual total income? What is the usual total expenditure? What kind of social and economic status is oneself (family) in? Have you mastered certain investment methods and skills? How much investment loss can you bear?
If you think clearly about the above questions, you can clearly understand your situation and not be too blind.
Three major preparations
Before you start to manage your finances, you should make full preparations, and the preparations in terms of funds, knowledge and psychology are indispensable.
Capital reserve refers to the money you want to invest, which is generally personal working capital except daily expenses and emergency reserve. Then there is knowledge preparation, and we should be familiar with and master the basic knowledge and basic operational skills of financial investment. Mental preparation is also very important. You should have a certain understanding of investment risks, be able to bear the psychological pressure of investment failure and be fully prepared.
Increase revenue and save expenses
What is the most fundamental method of scientific financial management? Open source and reduce expenditure? , dealing with personal income and expenditure.
On the one hand, we should increase new sources of income; on the other hand, we should reduce unnecessary expenses. Increasing the source of income includes not only hard work, but also expanding the foreign investment of personal assets, increasing personal investment income and capital accumulation.
Reducing expenditure is not only to reduce expenditure, but also to make rational use of loan consumption and credit consumption and establish a modern concept of personal consumption.
Reasonable investment and financial management combination
When it comes to good financial management, we must do it well. One of the most important financial management methods is to design a reasonable financial portfolio, thus effectively increasing wealth. The following list is based on the reality of different families, hoping to give you some practical suggestions.
Investment? One point method is suitable for poor families. Choose cash, savings and small fixed income wealth management products as investment tools.
Investment? Dichotomy low-income people. Give priority to cash and savings, and then consider buying products such as P2P and bank wealth management.
Investment? Trigonometry is suitable for people with low but stable income. You can choose 40% cash and savings, 40% real estate, and 20% low-risk investment products.
Investment? The quartering method is suitable for people with high income but low risk awareness, lack of professional knowledge and free time. Its investment portfolio is: 30% cash and savings, 35% real estate, 5% insurance and 20% stable investment.
Investment? The five-point method is suitable for people with strong financial resources. Its investment ratio is: 30% in cash, savings or bonds, 25% in real estate, 5% in insurance, 20% in sound investment funds and 20% in high-risk investment.
Eight principles of personal finance
The principle of living within our means? Guarantee basic living and invest the rest.
Economic benefit principle? Absolute value: profit = income-cost; Relative value: return on investment = profit/investment? 100%
Safety principle? Portfolio investment, spread risks, don't put all your eggs in one basket; Don't carry all the baskets on one shoulder.
Liquidation principle? There are unexpected events in the sky.
The principle of suiting people to their needs? Environment, personality, preferences, age, occupation, experience, etc.
The principle of lifelong financial management? A person's financial needs are different in different periods of his life, so we must consider the stage and continuity.
Happy financial management principle? The purpose of investment and financial management is to live a better life and maintain a happy mood and healthy body.
The principle of improving quality? Enhance financial management ability, capital operation ability and risk investment awareness, and enrich economic and financial knowledge.
Financial management 15 bogey
Unclear family background; Eat food; Walk without thinking; Indecision; Blind comparison;
Bad consumption; Exaggerate one's strength; Decentralize financial resources; Trust others; See profit and forget righteousness;
Big hands and feet; Never give up; Addiction to saving money; Lose big because of small; Too stingy.
Establish a correct concept of financial management
1. Financial management is a long-term process that takes time and patience, and it is impossible to get rich overnight;
2. The family is not an enterprise, so we should put the safety of assets in the first place and the profitability in the second place;
3. Establish risk awareness, investment is risky;
4. Ensure good asset liquidity and surplus payment ability, don't be short of capital chain, and cash is king;
5. Insurance is an important means of protection and an important part of family assets, and an insurance is also a care for family members;
6. Choose wealth management products according to your actual situation and risk tolerance, and don't go with the flow;
7. Don't spend too much, especially loans, such as mortgages and car loans. Loans are rigid. Minimize the debt burden of families;
8. We should reasonably separate living security (cash, bonds, housing, automobiles, insurance, education) from investment and financial management. Investment and financial management is a long-term behavior, the purpose is to make the quality of life higher, and don't lower the current quality of life because of investment and financial management. Investment and financial management funds should be funds other than normal living consumption. With such spare money, investors will maintain a good attitude.
9. To learn financial management knowledge, you must be able to communicate with professional financial consultants and have certain discriminating ability, because money is your own.
10. You can entrust a financial planner, but choose the trustee carefully.
1 1. Family financial statements, including balance sheets and cash flow statements, should be prepared to ensure that income and expenditure are well documented.
13. It is necessary to formulate quantitative and reasonable financial management objectives and allocate assets according to the financial management objectives.
14. resist the temptation of high return on investment. Any project with high return on investment is doubtful.
15. When investing in a project, consider the risks first, and then the benefits. If you can't control the risk reasonably, you can't talk about income.