In Europe, America and other countries, parents attach great importance to cultivating their children's financial education when they are very young. In contrast, in China, parents pay more attention to how their children should make money and earn a relatively stable income, but ignore how to manage their finances, which is why there are so many moonlight and neet people.

1. How do the rich manage their money

1. Know how to save money

When it comes to "saving money", many people first think of controlling consumption, but controlling consumption does not mean constantly lowering living standards and quality of life. I believe this is not the lifestyle that everyone pursues. After all, who doesn't want to live a good life! The correct way to save money can make your life better and better, and get twice the result with half the effort on the road to wealth. The wrong way to save money will only make you go further and further on the road of wealth and freedom.

2. Don't be too superstitious about principles

You can't be absolute in everything, don't be too superstitious about some principles, use them wisely and find a financial plan that suits you. For example, according to Law 4321, 4% of the funds are used for financial management, 3% for expenses, 2% for emergencies and 1% for insurance. The principles or rules are actually the reference standards for everyone, and they can be referenced when they don't know how to do it at all, but they must be adjusted according to their own actual situation and the actual situation of their families.

3. You can't add leverage, and the income is directly proportional to the risk.

This is very important, and the debt problem is a common problem now. Some people have the idea of "I won't borrow a penny", because borrowing money is called famine, and even credit cards are not needed. Let's think about who borrows money, and whether the richer people borrow more, so we must control the leverage ratio, don't add too much leverage, and it is feasible to use leverage appropriately to help them make money within their tolerance.

2. Three stupid ways of wealth routine

1. Reject luxury

Frugality means that income is more than expenditure, old clothes can be worn again, new gloves can be temporarily avoided, you can live in a smaller house and don't hire others to do what you can. Under such circumstances, unless there is an accident, a person can certainly accumulate a small fortune in his life.

2. Be careful to be in debt for consumption

Young people who have just started to live independently should be especially careful to avoid debt, which can easily deprive a person of self-esteem and even make others despise themselves. Creditors come to collect debts and have no money to pay them back, so they become a rogue who doesn't know what dignity is.

3. Giving always pays off

No matter how hard you work, no matter how tired you are, don't put off what you should do now, even if it's only an hour. How many people have achieved success in life only by diligence, while their neighbors have been poor for a few more hours every day. Struggle spirit and diligence are the two major elements of success in life.

third, it is important to make money, and financial management is more important

1. Correct distribution of property

According to the relevant wealth laws, the correct property distribution method should be: two-fifths of the total household income is used for long-term fixed assets; 3% is used for family daily living expenses; One fifth is used for flexible bank deposits in emergencies, and the rest can be used for insurance protection or investment in futures and stocks with high risk coefficient and high yield coefficient.

2. Learn to live moderately

To manage money, you must have money to manage money. If you have always been a moonlight family, you can't talk about financial management. Before you want to manage your money, you must tell yourself that I want to start a relatively moderate life. Before you go on a shopping spree, think about whether you really need these things or you want them on impulse.

3. Learn to invest in yourself

Financial management is not necessarily about saving money or adding value to it. Another way is to learn to spend money to invest in yourself. Girls should believe that although appearance can't bring everything, a good appearance will definitely help you avoid detours and help yourself. The time after work often determines a person's value, such as learning a foreign language, going to the gym to exercise more to improve his body shape, or making up his mind to take a certificate, or thinking about what he has learned in today's work and which direction he should work hard in. I believe it won't be long before you will be very different.

Summary

Dangers and disasters happen every day, and there are many opportunities to make money in the future, but there must be a premise. Therefore, it is necessary to buy some insurance products, which can at least relieve some pressure on you or your family in times of crisis. This is also a way of investment and financial management.