Total text: 1588 words, estimated reading time: 4 minutes
Set goals to be a fundamental knowledge of management. Only when there is a goal can there be direction, planning, motivation, inspection, and reflection.
When we were young, teachers would let us set goals in life; in the workplace, leaders would let us set goals for work. Similarly, on the long road of financial management, we should also set financial goals for ourselves.
Financial goals vary from person to person, but from the objective law, it is generally arranged according to different stages of age, occupation and family.
1. Student stage - financial goals are mainly based on learning
Because there is no source of income at the student stage, the principal is limited, and no matter how tossed, the income is low. Therefore, at this stage, the main energy should be focused on learning, and in terms of financial management, you can first contact the relevant books of financial and business education, and then read some economic books after having a certain understanding. Those who are not from science classes can start with popular science books that are closely related to life.
Economics is arguably one of the most useful disciplines in the secular world, and through economic thinking, you are able to see the real world and make decisions that are in the best interest.
2. Entering the society for the first time - the goal of financial management is to cultivate the concept of consumption
When I first entered the society, my income was not high, and the pressure in the workplace was great, but at the same time, the room for growth was also huge. Therefore, at this stage, the main focus should be on work and career, to ensure the promotion of the workplace.
In addition, because they first started to make money, most people's desire to consume was very strong, often becoming "moonlight clans" or even "kanu".
Relying solely on will to resist the desire to consume is not only inhumane, but also unreliable, so the financial goals at this stage should be positioned to cultivate a correct concept of consumption. Like what:
1. Regular savings;
2. Invest the principal of savings in easy and simple financial instruments that do not take time, conservative investable currency funds, and choose funds to invest if you want to chase higher returns;
3, recognize the essence of consumption is enjoyment, although early consumption can be enjoyed in advance, but also need to pay additional costs, do not exceed their purchasing power in advance consumption.
3. Mature social stage - financial management goals are mainly to increase investment income
People who enter this stage have a certain competitiveness in the workplace, do not need to worry about wage income, continue to work hard in the workplace, and should also spend more time managing their existing wealth.
Since a certain amount of principal has been accumulated at this stage, if you can choose the right financial instruments and investment channels, you can bring a good return.
If you can also use the Internet to obtain financial knowledge and experience, meet friends with relevant experience and even industry insiders, you can do more with less.
4. Mainstay stage - financial management goals are mainly based on family protection
Entering this stage, the burden on the family begins to increase, and while the desire for personal consumption is reduced, the family expenses are getting bigger and bigger, educating children, supporting parents... Only by planning financial goals and determining a clear direction can families thrive.
At this stage, the gap between families who are good at financial management and those who are not good at financial management will gradually widen. Families who are good at financial management can open source and reduce expenditure, accumulate wealth through a steady stream of passive income, and the energy spent on investment and financial management in the past can obtain rich returns; families who are not good at financial management can only accumulate wealth by saving expenses and savings.
5. Old age stage - the financial goal is to spend the old age in peace
Old age life accounts for 1/3 of life, in the case of a sharp decline in wage income, how to ensure that the wealth accumulated for a lifetime does not shrink, the quality of life does not decline too much, the main dependence is financial management.
Due to age, physical strength and other reasons, it is difficult for the elderly to spend a lot of energy on research, and the financial management method is mainly low-risk products such as savings, monetary funds, and bonds.
The goal of financial management is essentially to recognize yourself, to recognize yourself, to understand what you should do and how to do it. The problems and challenges faced by life at different times are very different, and only according to the conditions of the times can you find the most suitable way of managing your money.
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Mr. Sonny
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