The new era and new journey put forward new requirements for modern people. It is the desire of most people to understand investment and financial management and even to be proficient in financial management. So how can a financial novice enter this new field? Next, I will tell you that novices in financial management can manage money correctly. These tips will teach you how to get started with fast financial management.
correct financial management
So, how to go about financial management? Planners tell us that the first step of financial management should be to know yourself, including your risk tolerance, family economic situation and personal income and expenditure, and then make specific goal planning.
Risk tolerance is actually determined by both subjective and objective aspects. Subjectively, of course, it refers to your own risk preference, which is mainly determined by your personality. Some people are brave and adventurous. They just don't want to carry out stable investment operations. They just like to "play a heartbeat"; Some people are timid and do not like speculative behavior with the nature of "gambling". They like to earn some money for clothes and cosmetics in a safe way.
Risk tolerance is mainly reflected in the objective conditions. If a young man is very adventurous, but his parents are unable to work and need to rely on him to support them, how can he buy stocks with most of his monthly income? If someone wants to speculate in futures very much, but he has no savings at all, what can he do except find a simulation software and "die if you get addicted to it"?
Therefore, only when we recognize our personality, income capacity and family burden, can we formulate appropriate financial management plans and choose appropriate investment varieties and tools according to our risk tolerance.
Cleaver arrangement
The main content of financial planning is to arrange your own financial needs, list the big and small life financial goals, and then mark the order of priority according to the priorities. It is not required to "catch all", but to "break all" in time and section.
For social newcomers, they are still in the family growth period from single to marriage, and major events such as buying a house and a car, getting married and having children are waiting to be solved. This period generally lasts for 2-5 years, which is also the wealth accumulation period of future families.
It is better for young people to make their own financial plans in the order of gathering wealth first, then increasing value, and then purchasing housing.
Moreover, due to the lack of financial management and investment experience, the "threshold" of the first financial management goal set by social newcomers should be lower, not too difficult, and the time needed to reach it should be within 2-3 years. When the first goal is reached, the second goal, which is more difficult and takes about 3-5 years, can be set. For example, for an advertising company employee who earns 4000 yuan a month, if he accumulates 15000 yuan in one year to purchase a laptop necessary for his work, it is more suitable as his first financial goal than if he buys a hotel style bachelor apartment in two or three years.
In addition, after the financial management plan is formulated, "physical examination" shall be conducted at least once a year, so as to make corresponding adjustments according to the changes in actual conditions.
Do a good job of career planning
As for the social freshman, just like the way of financial management, the road of the workplace is still in its infancy. Only by making a good career plan early and ensuring the competitiveness in the workplace in the future can we ensure that there will be more cash inflow, basic saving and investment, and better financial management. It can be said that career planning is the "foundation of open source" for young people.
conclusion
Finally, every social freshman should be a CFO. To be honest, not everyone can be a CFO. A social freshman who has just graduated from school and worked for less than a year or two is unlikely to leap to the top and become a CFO. What we want to advocate here is that every young person should regard himself as a small company, do his own "CFO", plan his own financial situation, and manage his own life well. I hope that every social freshman can enjoy a better and free life through the study and practice of financial management.
