When I just graduated from college, I was embarrassed to ask for money from my family. Pay the rent, living expenses and utilities every month, and there is not much money left. I have to buckle left and right to change my favorite clothes in different seasons.

How do people who live on wages guard against financial risks?

First of all, we should classify the possible financial risks of families.

The most terrible thing for working families is the interruption of family income. Many years ago, some state-owned enterprises of our father's generation were laid off because of poor economic benefits, and their family income suddenly stopped. Long-term lack of income sources will endanger family economic security.

In today's society, as long as you are willing to work hard, you can be a takeaway brother at the worst and exchange income through manual labor. For example, there were fewer and fewer cases of sudden income decades ago, and there were more and more cases of family financial risks: people who were originally healthy and healthy lost their ability to work for some reason, and there was no way to exchange income through labor. Just like a seriously ill patient in the hospital, not only can't make money, but also spend money every day, which has a great impact on family finances.

Faced with the risk of income interruption, what parents' generation like best is to save money. When they have enough money to buy a house, they can't buy two sets of one set and three sets of two sets. They collect rent every month and use rent instead of wage income.

The best thing about collecting rent is that cash comes in every month, just like paying wages at a fixed point every month. But now that the house price is so high, it is obviously unrealistic for several people to buy two suites. So how to prevent it?

There is a golden triangle in the allocation of household assets: the bottom is cash deposits and insurance, the middle is low-risk and low-yield assets such as houses and stocks, and the top is high-risk and high-yield assets such as futures, antiques and PE. For working families, minimum cash deposit and insurance are the most important tools to deal with family financial risks. After all, the ability to make money is limited, and the funds on hand are limited. It is necessary to use leveraged financial management tools to lock in family financial risks. When there is extra money, we will allocate the assets of the middle level, from living on wages to living on asset income, from active income to passive income, and assets will rise to the pyramid layer by layer. When passive income covers all the expenses of the family, the family no longer has financial risks.