The growth of financial management makes financial management simpler and life freer!
Hello everyone! The topic of today's sharing is: If you want to make money in financial management, how should you do it first? Specifically, there are several steps: take stock of household assets.
First of all, you need to know how much you earn and spend each month. Then determine how much money to invest.
General use (income - expenditure) 2 = money to invest, such as monthly income of 8,000 yuan, expenditure of 5,000 yuan, money to invest = (8,000-5,000) 2 = 1,500 means that 1,500 yuan can be used to buy wealth management products per month.
The simple and crude way is to use 10% or 20% of your salary. The specific situation depends on your principal. Make a dream plan.
If people don't have dreams, there is no difference between them and salted fish.
Earning, saving, and managing money are all done to make your dreams come true.
Therefore, before you start investing, you should be clear about your purpose, that is, you should make a dream plan.
Dreams can be short or long, and short-term dreams can be to travel abroad, change computers, etc.
Medium- and long-term dreams can be: buying a car, buying a house, paying a down payment, pension and medical care, children's education, etc.
These dreams in life are inseparable from the support of money, make these dream plans, you can know how much money you need to invest each month, what is the expected rate of return, and on this basis, to choose different financial products. Assess your risk tolerance.
Before choosing an investment product, you must first clarify your risk tolerance, and all major ** platforms or third-party platforms have assessed the risk level, and then choose the investment tool that suits you according to your risk tolerance.
For example, if you are not willing to take any risks, meet the convenience of monthly household expenses, and have strong liquidity, you can choose currency**.
If you have a sum of money that you can't use for 2 to 3 years, you like stable products, and the income is slightly higher than the cargo base, you can buy bonds** or fixed income + and other products.
3 to 5 years of money that you don't need, like radical products and want to win high returns, you can *** type**.
The risk of the product you choose is within your tolerance, and no matter how much it falls, you will not be anxious or panic.
Once you exceed your risk tolerance, you will be afraid of losing more, being depressed, or even leaving the market.
Choose the right financial product. For office workers, if they want to manage their finances, they don't have time to keep an eye on the market, and they don't have enough idle principal to buy financial products.
*Regular investment has the characteristics of compulsory savings, and the deduction is timed every month, even if it is only 500 yuan or 1,000 yuan, it is a lot of money in the long run.
More importantly, regular investment: every month at a fixed time, with a fixed amount, automatic deduction to the specified **, saving time and effort, no need to have professional knowledge at all, only need to have long-term unremitting patience.
*The principle of regular investment is: at the low point ** more cheap shares, accumulate low-price chips, reduce costs and smooth risks, and obtain profits in the market**.
It can be said that regular investment is the best investment product for ordinary people to increase their wealth.
Okay, that's all for today's sharing, follow me to learn more about financial literacy.