Personal Financial Planning for White People You Need to Know About

In the world of investment and finance, there is a thought-provoking saying: people chase money hard work, money generates money free. In how to deal with the matter of financial management, many people are an afterthought, the mention of financial management, always feeling, subconsciously think, financial management is a thing far away from me. There is only a little bit of money on hand, there is no wealth to manage, what is the significance of investing in finance for me? Of course, this concern is not unreasonable. However, when you really loan contacted the financial management, you will find that the money more money more investment programme, money less money less financial management skills. Compared to how to earn money, financial management is the big learning, from another aspect, financial management is to manage life.

Before we start managing money, we have to set a goal, a clear and feasible goal is much more meaningful than talking about ideals. You must set a goal for your work and a practical plan for your financial management. Generally speaking, life spending planning can be roughly divided into three stages:

Immediate planning: Calculating short-term daily living expenses, salary income as well as expenses, such as the cost of daily groceries, meals and dinners, and shopping.

Medium-term planning: low-frequency large expenditures, such as mortgage and car loan costs, insurance costs and so on. It is best to plan all the funds needed for these plans and reserve them in advance, or you can set up a special account to prevent misappropriation.

Long-term planning: long-term need to spend a large amount of money, often in order to achieve larger goals or ideals, then we have to make a certain amount of savings, bin given to use this part of the savings to generate money, just like a hen, use it to lay eggs.

We have a plan for the goals of each time period, the next can start to establish their own financial system, but this is a long and complex process. It requires constant exploration. By repeatedly buying and selling, the returns of the over as well as the spreads, to enhance the thickness of the savings fund. With planning, how do we come to the concrete operation? Here are a few mainstream investment and financial programmes.

Fund fixed investment: fund fixed investment is that we will take out part of the balance of wages, on time to buy funds. For most of the daily life expenses balance, we are generally stored in the bank card or WeChat, Alipay. This time we can use to buy funds, fund investment threshold is relatively low, especially suitable for the working class. Fund fixed investment can help us regular storage, in addition, the fund fixed investment save time and effort, usually set up in the financial APP, will be transferred in the specified time every month, just need to ensure that the card is sufficient monthly. And the return of the fund is still relatively optimistic at present, much higher than the return of the deposit bank.

Regular financial products: at present there are ploan many financial APP launched financial products, financial period is also relatively free, from 7 days to 365 days, compared to the bank, not only the investment period is free, the return is also higher than the bank. Starting deposit threshold is low, within 500,000 yuan to enjoy the national insurance system to protect the principal and interest, high security.

Fixed assets investment: such as the purchase of gold, property and other tangible assets investment, using the theory of value investment, so that their assets become more and more valuable. Fixed assets for the investment of the principal is often demanding, the need for long-term reserves, generally capital preservation and appreciation of the money.