What is Wealth Management? What are the ways to finance yourself?

We know that the financial management of companies, units, and institutions is called enterprise financial management, so the financial management of individuals (families) can be called personal financial management (personal finance).

Personal finance people money.

Each of us has to deal with money all our lives, from life to death; Because money is the necessity of our life, people's clothing, food, housing, and transportation are inseparable from money, and we are consciously or unconsciously using and handling money every day, which is personal finance.

When it comes to personal finance, everyone has a different approach: rich people have rich people's financial management methods, and poor people have rich people's financial management methods; Some people manage their personal finances well, while others handle their personal finances poorly; Some people plan and consciously manage their personal finances, while others use their money in a muddle. But these should also be considered personal finances.

If there is a precise definition of personal finance: personal finance is a scientific, planned and systematic all-round management of personal (family) finance, so as to realize the reasonable arrangement, consumption and use of personal property, and effectively increase and maintain its value.

To put it simply, personal finance is about taking care of your money.

Money and wealth, life does not bring, death does not bring, people live to make good use of money, serve people, scientific personal finance will make your life better!

What is Wealth Management? How should I manage my money?

What is Personal Finance?

Personal financial management is based on the analysis and collation of personal income, assets, liabilities and other data, according to the individual's appetite for risk and tolerance, combined with the predetermined goals of the use of savings, insurance, foreign exchange, collection, housing investment and other means to manage assets and liabilities, reasonable arrangement of funds, so as to maximize the value of assets within the acceptable range of each person's risk. Therefore, personal finance in the modern sense is different from simple savings or investment, it not only includes the accumulation of wealth, but also includes the protection and arrangement of wealth. The core of wealth protection is the management and control of risks, that is, when there is an accident in one's life and health, or there are major adverse changes in the economic environment in which the individual is located, such as hyperinflation, a sharp reduction in the exchange rate, etc., the living standards of oneself and one's family will not be seriously affected.

What should I pay attention to in personal finance?

1. At the stage of building personal assets, you should choose a simple investment institution without risk, and it is best to take the form of savings.

2 Buying a home is an action to build a lifelong asset, so it should be carefully considered. Before taking any action to acquire real estate, you should consider your own financial ability and payment method.

3. Establish a list of household assets in the same way as a physical health chart, which can keep you informed of changes in family circumstances and changes in relevant regulations.

4. Diversify your personal assets. In the process of making up your personal assets, it is necessary to keep the fixed assets, monetary assets and financial assets in a general balance.

5. Grow your assets. An asset should increase in value according to its stated purpose. Mistakes in the investment horizon can lead to financial losses. For example, if you withdraw your money early before your investment or deposit matures, you will definitely lose something.

When it comes to financial management, many people think that financial management is money to make money, such as buying a house, buying **, ** tickets, etc. In fact, these belong to the category of financial management, but financial management in the strict sense is actually called wealth management, that is, scientific and reasonable planning of current and future resources, do a good job in family financial planning, and make a scientific diagnosis of family finances when managing finances, and prevent and control risks.

Wealth management is a Chinese term that refers to the management of finances (property and debts) for the purpose of maintaining and increasing the value of finance.

Financial management is a person's management of financial resources in order to achieve their life goals, including cash planning, investment planning, risk management and insurance planning.