How To Seize The 6 Chance Of Getting Rich In Life

It is very important for a single youth to take the first step in life financial management. Most of the expenses are casual, but in order to accumulate as soon as possible. wealth Financial planning should be done ahead of time.

participate in work Before marriage

It is very important for a single youth to have a good first step in life management. Most of them are free to spend money. But in order to accumulate wealth as soon as possible, we should make good financial planning.

Experts suggest that the cost of daily life of the singleton youth should not exceed 33% of the monthly income, leaving the current savings equivalent to 3~6 months' living expenses as an emergency reserve fund. In addition, the monthly salary of 40% can be used to fund the investment. If you have strong risk tolerance, you can invest more in risk. You can choose an index fund and a stock fund, at least insist on a fixed investment for 5 years. At this stage, young people are less burdened, but relatively low income. Insurance can choose short-term insurance, such as comprehensive personal injury insurance, comprehensive accident insurance and health insurance. The advantage is that the premium is low, the term is short, and the insurance amount is relatively large.

The period of family formation is from marriage to birth.

This stage Conduct financial transactions Emphasis should be placed on the reasonable arrangement of expenses for family construction. After a little accumulation, some more radical financial tools can be selected.

Experts believe that regular fixed investment is an important means, which can be combined with a large amount of money, while compound interest is low and cost is low. Families with better economic conditions can also choose some more radical financial instruments, such as partial equity funds and stocks, so as to achieve higher returns. "During this period, families have certain assets accumulation. They should be decided according to the actual situation of the individual, focusing on investment insurance". The relevant professionals have introduced that investment type insurance has Bonus type, investment linked type, universal type and so on, and the insured can choose according to their own preferences and financial characteristics.

Family growth is from child birth to high school.

During this period, the family belongs to the growth period, and the consumption of the children is relatively low. The family economic burden is relatively light, which is suitable for the accumulation of wealth.

Financial planners suggest that parents should not have psychological comparisons in their children's education. They should consider how to manage their finances from the family's economic status. At the same time, the allocation of assets should be arranged according to the size of risk. The greater the risk, the smaller the proportion, while ensuring about 10% of daily consumption.

It is essential to buy life insurance for young people at home. This period is the main source of family income for parents and young people. Because of their hard work, they often travel outside, resulting in many unexpected factors. Once the family economic pillar is in the accident, the insurance company's compensation funds for families can help families suffering from accidents. {page_break}

Children's education and further education during their college education

Compared with any period in the past, the education expenditure in universities is expensive, so the family burden is the heaviest in this period. For families who have succeeded in the early stage of accumulation, they can continue to give play to their financial experience and create more wealth on the basis of existing ones. Those families who are still not yet well off should regard their children's educational expenses and living expenses as the focus of financial management, so as to ensure that their children finish their studies successfully.

Financial advisor recommends: "venture capital investment in family financial management should be gradually reduced, and some RMB financing and treasury bonds can be relatively increased, and some bonus financial products can also be involved. Financial investment in this period should focus on capital preservation, and at the same time, it is necessary to keep the fund on a regular basis.

Family maturity from children to work before retirement.

During this period, the children were basically divorced from their parents, and their family economic conditions had reached the best level, which was the most suitable for the accumulation of wealth. For financial investment, if venture capital fails, it will ruin the wealth accumulated throughout the life. Therefore, when choosing investment tools, it is not appropriate to choose too many ways of venture capital.

Financial planners suggest that we should make steady investments, such as RMB financing, treasury bonds, and some bonus products. In addition, a pensions will be stored and the money will remain unshakeable. Insurance is one of the more robust and safe investment tools. Although the returns are low, it is a good choice to act as mandatory savings in favor of accumulating pension and asset preservation.

Pension issues are on the agenda after retirement.

The theme of this period is how to provide for the aged. In terms of investment and financial management, we should take good care of our old age. Investment and expenditure should be centered on safety and physical and mental health.

Financial advisers believe that we can consider prudent banking products and minimize risks. During this period, the medical expenditure rose sharply. Under the premise of social security, commercial insurance is a powerful supplement. Ms. Wang has also provided a new idea of providing for the aged - "housing for the aged". Ms. Wang said, "for a long time, most of the elderly in China are adhering to the traditional concept of" raising children to defend the elderly ". The old people's pension problem is only entrusted to their children, otherwise they will be left alone for the rest of their lives. And the "housing endowment" policy holders can live in their own houses, and can realistie property in advance for pension purposes, and spend their money in the most critical areas.

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