As the saying goes, everything is difficult at the beginning. Many people want to do investment and financial management, but they always don't know where to start. They often wonder whether it is better to deposit money or put it in the bank. In fact, for financial novices, to cultivate personal financial ability, we can start with cultivating some basic financial habits.
For example, keep a book, write down your monthly expenses and income, and see what you need to spend and what you need to spend on impulse, as a basis for reducing expenses and savings. At the same time, it has gradually cultivated the habit of personal savings, and I can habitually save some money every month, and eventually I can have a lot of principal over time.
Step 2 set goals
A while ago, Wang Jianlin's "1 100 million small eyes" was all over the sky. Aside from ridiculous remarks, in fact, what the richest man wants to tell you is that you must have a goal in everything, and you can start with what you can achieve. Therefore, investment and financial management should also have goals.
Generally speaking, setting goals should be the first priority, but for many newcomers, if they set goals from the beginning, they will be very confused. So starting from the habit, you will gradually know that you need to set a goal, such as how much money you want to save every month and how much principal you want after one year.
3. Do a good job in financial planning.
In addition to having financial goals, planning is equally important. At present, there are many products on the market that can be used as investment and wealth management, such as stocks, funds and bonds. However, these products have different risks and different returns. How to choose the right investment products has become a problem that everyone needs to consider.
Therefore, the first step in financial planning is to know yourself, your risk tolerance, liabilities, consumption and personal assets, so as to determine which investment product is more suitable for you. For example, investors with strong risk tolerance can choose stocks and futures, and stable investors can configure products on debt-based and wealth management platforms.
In addition, financial planning also includes adjusting the allocation ratio of various investment products according to the actual situation of individuals, so as to realize the optimal asset allocation at different stages.
4. Establish a scientific concept of financial management.
The concept of financial management has also had an important impact on the results of financial management. If you blindly manage your finances and think about getting rich overnight through financial management every day, then you can't manage your finances well and even cause unnecessary losses.
The financial planner of Zhang Yun Finance said that only by establishing a scientific concept of financial management, including the combination of financial management and life planning, and insisting on financial management, financial management is the auxiliary rather than the foundation of economic sources, can we be free from all kinds of temptations from the outside world and get lost, and achieve the expected results of financial management.
Step 5 invest in yourself
Investing in any financial product is not as rewarding as investing in yourself. For example, investment in knowledge, such as financial management knowledge and professional knowledge. Financial management knowledge can help you manage your finances better and understand various financial management skills and methods faster; Professional knowledge can enhance personal competitiveness and be more helpful for promotion or job hopping. However, it should be reminded that if you are still young and your career has not reached its peak, you should still focus on professional knowledge.
Investing in yourself also includes health investment and personal investment. These investments may not be effective for the time being, but in the long run, the rate of return will definitely be higher.
In short, investment and financial management is a long-term process, and success can be achieved step by step.