Nowadays, everyone wants to manage money and make money make money. Why manage money? Some people want to fight inflation, and some people want to allocate spare money to increase the value of their wealth. In short, they all want to make profits and make themselves richer and richer.

But why do some people become poorer the more they manage their finances? Come and see with Xiaobao, have you made any of the following mistakes?

Wrong financial management goals

Most people simply equate their financial goals with getting rich. They only think about getting rich quickly, and do not care about low returns. At this point, it is quite fatal. If you have such thoughts, it is better to buy lottery tickets as soon as possible.

Most people still don’t understand financial management thoroughly enough. They can be said to be laymen. The financial industry itself has high barriers to entry and relies on information asymmetry to make money. As a layman, you want to get rich by listening to gossip and reading articles from so-called experts on the Internet? Not realistic.

Those who advertise that you can easily make millions with your hands and get rich at zero cost are either pyramid schemes or financial scams.

I have read a piece of news before. An old man who was nearly seventy years old spent 1 million to buy "original stocks". His son refused to listen no matter how hard he persuaded him. Later he found out that the so-called "original stock" he bought at that time was The "original shares" were basically an illegal financing method for a shell company. This was a goal that would inevitably make her lose all the money she had. How can an old man in his sixties, who doesn't even understand what original stocks mean, make a profit in the market?

So, first understand what financial management is and what kind of financial management method is suitable for you, and then start doing it. Being able to obtain the average return of the market is already very good for the average person. Otherwise, there must be bloody lessons behind getting rich through financial management.

Wrong financial management cycle

Xiaobao has also seen such a person who treats financial management as a one-time deal, short-term speculation, and buying whatever is popular.

Whenever fund sales are booming, or even "flash sales" or "allocations" occur, they all line up to grab funds. Facts have proved that most of these people will lose money. On the contrary, if you buy when the market is in a downturn and no one is paying attention to the fund, most of the profits will be huge.

Investment and financial management is a lifelong matter, not a short-term one or two months or one or two years. The vast majority of people just don’t plant seeds in spring, plant rice seedlings in jealousy in autumn, and finally freeze to death in winter. We should regard investment and financial management as a matter of long-term investigation, and should not blindly follow the trend of buying.

The direction of learning financial knowledge is wrong

In recent years, with the explosion of the Internet, various "gurus" have returned to the world, and even put up a "content charging" sign, as long as you If you are willing to spend money, you can learn how to make money from stocks, futures, and funds. Only God knows whether it will make money in the end.

Many young people spend a lot of time indulging in this, reading a lot of ineffective and outdated financial management "knowledge" online, hoping to make a fortune following the training masters, but instead they waste their main business, which is a pity.

Therefore, Xiaobao suggests that everyone should spend their precious time at work. Financial management is just a side job. Be vigilant, avoid stepping on mistakes, and manage finances steadily. The income earned is enough for most people.

Trust error

People often ask this question: can I buy the financial management recommended by a certain big V? Many products have never even heard of them, and the structure of many products is still very confusing. complex. How can you buy this product without knowing what it is about?

Any financial management behavior must be within the scope of your own capabilities. Do not easily trust relatives, friends, colleagues, and so-called influencers. If you don't understand something, don't touch it or touch it less.

Wrong concept of financial management

Financial management is not gambling. Many people lack the concept of financial allocation and like to gamble on a single asset. It is commonly known as putting all their eggs in one basket. For example, the entire family property is pledged on stocks, and the entire family property is pledged on foreign exchange. This method can easily lead to problems, ranging from wasting time without making any money to losing everything.

All bets are placed on a handful of cards. Getting rich on the last night can only be a story in a movie. Maybe luck will favor you once, but not every time.

Have you ever made any of the above five mistakes? If so, correct them. If not, try to encourage them!