A good start is half the battle, and whatever you do needs to be off to a good start. Of course, financial management is no exception.
Many people actually don't think right, and they all want to make themselves rich overnight through financial management. In fact, financial management can not make us very rich at once, including stock trading If you have this mentality, then there is a good chance that it will be a miserable loss. If you want to get rich in the short term, you must take a huge risk, but the reality is that often the money has not been earned, and the principal has long been lost.
Therefore, we must learn to manage money, from simple step by step, patient, familiar with the low risk to high risk. Therefore, the first step in financial management is particularly important.
01 Establish a correct concept of financial management
Why do many leaders in meetings say that they should pay attention to ideas? For all our actions come from the thoughts in our minds. The right idea is the right action. Our first step is to establish a correct concept of financial management. The first thing to be clear is that financial management does not make us rich. Financial management is a kind of corresponding risk control of the funds we have, since it is risk control, we should avoid too much risk, so if we want to make a fortune, it is not so simple.
Some people ask, I can't make a fortune, what else can I learn to manage money for? Because although our financial management cannot make us rich in one step, we can indeed go to a higher level than our current life, and then we can have more choices in the face of life.
02 Master basic financial knowledge
In order to do a good job in our own financial planning, we must master some basic financial knowledge, especially some of the most basic financial products. Understand their uses, grasp how they operate their funds, and recognize their level of risk. Now there are too many financial products, if we are in the small white stage, then we should choose some simple, easy to start products, and gradually improve their financial management level.
So, what wealth management products should we master? Let me give you a brief introduction.
1. Bank wealth management products
Nowadays, wealth management products have completely entered the era of net worth. Many bank wealth management products have also lost money, which has changed many of our old concepts, and we need some time to understand them little by little.
According to the risk level, there are five levels of bank wealth management products from R1 to R5. R1 is the lowest risk, the profit is certainly relatively low, mainly cash management, such as the most well-known balance treasure and the like, but it will be slightly higher than the balance treasure. R5 is the riskiest and the profit is relatively high. However, R5 wealth management products, personal opinions should be handled as appropriate.
Before buying wealth management, we must carefully read cash, which can fully understand its investment trends and what fees the product charges. Usually, at what time of day to trade, how many trading days can have earnings and redemptions and other related issues.
The so-called cash management is to help us manage our liquidity and make it generate corresponding profits for us. We can wait for the salary to arrive and then transfer it to a lower risk level fixed investment. Credit cards and Huabei, etc., which are commonly used daily, are repaid directly on the day of repayment to ensure that they are not in arrears.
2. Fund
This is not the best time to buy a fund. Especially this year, with the sharp decline in the stock market, the fund has also mostly faded the aura of myth. We can invest in broad-based index funds. That is, some of the funds covered by the wider stock market. For example, the CSI 500 Index, chinext index, etc., this kind of comparison is relatively simple and relatively secure.
The fund is similar to stocks, although it has been sluggish recently, but if you can find a good buying point, there are still some profits.
3. Stocks
Stocks are the way many investors mythologize investing. It can make you rich overnight, or it can leave you with nothing. And before you can put yourself in the stock market, you really need to do some homework. You need to understand the financial statements of the listed companies you invest in, the future development prospects, etc., because stocks buy trends, which is a prospect for the future. You need to extrapolate the impact of changes in macro policies on a company's profits from what you have in your own hands.
"Once you enter the stock market, it is as deep as the sea", so many investors should not blindly follow the advice of others. We can start buying from high-yield stocks, which will make us more secure, and even the income will be higher than some bank wealth management products.
Another point is that if we enter the stock market, we must use our usual spare money to buy, do not use the money to protect the capital and life to buy, so that if it falls, it will be very passive if you want to make up the position without funds. In case of loss, the loss is too great, and the gain is not worth the loss.
3. Credit Cards
Although there are already flowers, many people still have a lot of credit cards. After all, credit cards build a bridge between us and the bank, allowing the bank to understand our funds and credit status. In everyday life, credit cards have many offers. For example, every Wednesday at noon, a restaurant will be discounted, spend 100 minus 20 ah, etc., no credit card will certainly not enjoy similar discounts. We can use these flexibly.
4. Insurance
With more and more people managing money, the role of insurance has gradually been recognized. But very few people can actually understand insurance contracts. Our first chapter policy is preferably from accident insurance. It is the simplest and crudest kind, not only one more coverage, but also a lot of basic concepts about insurance.
5. Real estate
Real estate is almost the biggest expense in every family. So be careful and careful when buying a property. To fully understand the policy, whether the first suite has received relevant preferential treatment, according to the total price of the room rate, it is still a considerable amount of money.
Most families who buy real estate will choose a loan, and when taking out a loan, they must choose the correct loan method that is in line with their actual situation. Whether it is the same amount of principal or equal principal and interest, when can the loan be repaid in advance, etc.
I hope that everyone will accumulate more basic knowledge in peacetime, basic knowledge is the starting point of our accumulation, and we must not rush to invest.