Hello everyone, I am Cotton Sauce, a financial author who loves to share and make money and save money.
This life is a process of saving money.
When we were children, we stored candy and toys; When you grow up, you have knowledge, experience, and connections.
But in middle age, do you know what to save? That's right, save money.
ButSaving money is not about saving blindly, but it needs to have a certain priority.
In order of priority, that's it:
1. Deposit emergency reserve fund first: not afraid of a stormI think this trick is the best practice of "not being afraid of ghosts calling the door"!
Life will inevitably encounter unexpected situations, such as family illness, car breakdown, etc., at this time, having an emergency reserve fund is like sitting in a well and watching the sky, and it can be rescued at any time.
Warren Buffett said it well: "Never underestimate risk, never overestimate benefits." ”
Therefore, the first step in saving money is to ensure that there is a sufficient emergency reserve, not for high returns, but it must be safe and reliable, and it is always available.
2. Re-deposit pension insurance: make an appointment in advance for the futureIsn't it time to have a sense of "making an appointment for the future" in advance?
Pension insurance is the money that middle-aged people must save!
Warren Buffett also reminds us: "Investing in pension insurance is like leaving yourself a back road." ”
Therefore, pension insurance can not only provide financial support for our future labor capacity when we are insufficient, but also resist the risk of inflation to a certain extent.
3. Education does what it can: leave a way back for the future"The love of parents for their children is far-reaching. "Education is the key to changing fate, but we can't "break the bank" for the sake of education!
The savings plan of education ** should be done according to one's ability, and it is important not to pay for education for chaos.
For example, if your child doesn't know anything about it, you don't have to send him to learn advanced piano.
Moreover, some parents even do not hesitate to borrow money to let their children go to so-called private aristocratic schools, which is really worrying.
4. Steady investment and safe financial management: let money make money, and act cautiouslyThis stage is like an important period of "learning to walk".
After the accumulation of the first three steps, middle-aged people at this time already have a certain economic foundation, and at this time they can consider making steady investments and letting money make money.
However, investment needs to be cautious, and choosing safe financial products is the key.
For example, low-risk products such as currency**, time deposits, and treasury bonds can not only ensure the safety of the principal, but also obtain stable income.
Fifth, venture capital is very rare: small gambling is pleasant, big gambling hurts the bodyOf course, some people aspire to grow their wealth quickly through venture capital, but this approach needs to be approached with caution.
Warren Buffett once said: "There are three secrets to success: first, make fewer mistakes; second, make fewer mistakes; The third is to make fewer mistakes. "Therefore, it is important to be cautious when making venture capitals. If you do have itchy hands, remember not to take more than 10% of your deposit as a risky investment.
[Written on the back].
Wealth is an ability that comes from insight into life and wisdom about investing. "So, remember: when people reach middle age, don't reverse the order of saving money!
I am cotton sauce, a Guangpiao who is not willing to accept the status quo, I like to share some savings experience, welcome to pay attention
Thank you for reading, remember to like, favorite, **Oh, I wish you a lot of wealth!