Wealth management is not the exclusive right of the rich. Everyone has money to manage. How to pick speculation and monetary administration strategies? Now let's introduce it to you. I hope it will help you!

First, occupation determines the concept of financial management.

Some people say that personal investment and financial management is primarily about the investment of time, that is, how to reasonably allocate the limited time in life to achieve higher returns. Among them, your occupation determines the time and energy you can use for financial management, and to a certain extent determines whether your financial management information source is sufficient, which also determines the choice of your financial management method. The occupation you are engaged in will inevitably affect your portfolio. For a person who is engaged in high-risk operations such as aerial work, it is a wise choice to purchase insurance as part of his income.

Second, income determines financial management.

To manage money at home, of course, you should have money to manage. For ordinary families, it is income. Your financial strength depends on your income. After all, it is more than your own financial strength. It is difficult for ordinary people to succeed in "karate" financial management. That's why people say that they spend 1/3 of their income on consumption, 1/3 on savings, and 1/3 on other investments. In this way, your income determines the last 1/3 of the amount and your investment and financial choice.

Third, age determines the financial thinking.

Age is experience and wealth. People at different ages have different responsibilities, needs, ambitions and affordability. Therefore, some people divide life investment and financial management into four stages: exploration stage, establishment stage, stable stage and plateau stage. Each stage has different financial management requirements and methods.

For example, when you are 20-30 years old, that is, the exploration period, you are young and energetic, and your ability to follow risks is the strongest. You can adopt the positive growth investment model.

The establishment period is from 30 to 50 years old. The number of family members is gradually increasing, the degree of risk taking is low, and the investment is relatively conservative, but the goal is still to let the principal grow rapidly.

The age of 50-60 is stable and regular, and the child has grown up, which is the peak of making money, but it needs investment risk.

In the plateau period, when they are over 65 years old, most investors invest most of their funds in relatively safe fixed income investment projects and only a small amount in stocks to resist inflation and maintain the purchasing power of funds.

Fourth, personality determines the way of financing.

Everyone has their own personality, interests and hobbies, which determine everyone's concept of investment and financial management: some are conservative, some are risk-taking, and some are neutral. Just like human personality, each investment and financial product has its own advantages and disadvantages: the income of investment and financial products such as savings, national debt and insurance is stable, and the risk coefficient is very small, which is more suitable for conservative people to invest; Stocks and foreign exchange will bring big profits and may also cause big losses. Investors must have a very strong bearing capacity and are more suitable for risk-taking people to invest.

Conclusion

If anyone can choose a reasonable investment and financial management method with a clear head and bold and scientific attitude, they will be successful immediately!

（Writer：Ganny）