The Money Management Bible for Twenty-Twenty Women

Chapter 7 part
Part 3 Formulate the most effective plan for increasing income and reducing expenditure for women

Chapter 1 Financial strategy for single women

Section [-] Create a financial management template that suits you

Regarding financial management, not all financial management methods are suitable for everyone. Single women in their twenties should learn to analyze their own situation, establish a financial management method that suits them, and constantly adjust their financial planning according to changes in their own situation.

Sun Wei currently has a worry: he doesn't know what to do with his remaining 5 yuan.Two years ago, her income was barely enough to live on. At that time, she often had a headache and had no funds.Now that her income has gradually increased, and she has spare money, she has a headache as to what to do with it.

Later, a financial planner helped her conduct a detailed analysis of her mentality and family situation, and believed that Sun Wei was a person with low risk tolerance.Therefore, the financial planner suggested that she could buy some low-risk and stable investment projects, such as government bonds, with relatively stable returns.If you can afford greater risk, you can invest in mutual funds.After hearing this, Sun Wei decided to use part of it to buy government bonds, part to buy funds, and part to invest in the gold market.

Many women in their twenties may face Sun Wei's confusion, not knowing how to handle their own funds.If you choose a financial management method that is not suitable for your own situation, it is likely to cause a loss of funds, or even bankrupt yourself.

Some people think that personal investment and financial management firstly need to invest a lot of time, that is, to allocate a limited life reasonably in order to achieve a relatively high return.For women in their twenties, the occupation you are engaged in determines the time and energy you can spend on financial management, and also determines whether the information sources for your financial management are timely and sufficient. Therefore, everyone must first determine according to their own occupation. own financial management.For example, if your occupation requires you to travel frequently, and even rarely have time to watch newspapers or TV, it is obviously inappropriate for you to choose to get involved in the stock market, although all securities companies can provide quick and convenient telephone orders. services, and the profession you are engaged in will inevitably affect your investment portfolio.

Investment and financial management also requires a certain economic foundation.The amount of your income determines your financial management methods, and the "karate" financial management methods that exceed your own financial resources are not available to ordinary people.Many financial experts often warn people: use 1/3 of your income for savings, and the remaining 1/3 for investment to make money.Based on this calculation, your income determines the last 1/3 of the amount, and then determines your financial choices.For example, it is also the main way to choose collection as financial management, but it is undoubtedly difficult to choose to collect antiques because of too little funds.On the contrary, if you choose stamps, commemorative coins, etc. with less investment but considerable appreciation potential as collection objects with less funds, not only will it not affect your current life, but you will also get considerable benefits.

Age represents experience and is an intangible asset.A person at different ages has different responsibilities, different needs, different ambitions, and different affordability, so different ages have different financial management methods.For modern people, knowledge is the foundation of survival and development. At every stage of life, it is necessary to consider investing part of the funds in education to obtain greater self-development.Single women in their twenties can choose an investment and wealth management portfolio with higher risks and higher returns.

Personality determines one's hobbies and knowledge, and also determines whether one is conservative or cheerful; whether one is steady or adventurous, and then determines which financial management method is suitable for one.If you are adventurous, have a good psychological quality, and can not follow the ups and downs of the stock market, then you can invest part of your funds in stocks.On the contrary, if you belong to the steady type, then savings, national debt, insurance and collection may be your best choice.

Only after a woman in her twenties has established a financial template that suits her can she talk about how to better manage financial investment.Because no matter what you do, the direction comes first, and only by choosing the right direction can you avoid detours.

(End of this chapter)