How do newbies get started? How to do financial management for beginners

With the popularization of the concept of investment and financial management, the broad masses of people have a strong demand for investment and financial management, so for a novice who has not been in contact with the field of investment and financial management, how to start their own financial road?

Build a basic investment and financial management concept. Reading some popular science investment and financial management books, such as "Poor Dad, Rich Dad" and "Puppy Money Money", which are popular all over the country, are good introductory books, which are simple and easy to understand, and build a basic financial management concept. If you go further, you can read some classic and famous financial management books such as "The Road to Financial Freedom" (by Usain Bolt), which can build the basic structure of investment and financial management in your mind.

Preparation of household cash flow statements and balance sheets. Take stock of monthly expenses and existing assets and liabilities, make a household cash flow statement and balance sheet, and have a comprehensive understanding of your financial situation after combing. Are you overspending each month or are you having a lot of balances?

More assets or more liabilities? Is the debt a bad debt or a benign debt? In this way, the previously ambiguous financial situation gradually becomes clear.

Set financial goals. Once you have a comprehensive understanding of your financial situation, set one or more financial goals for yourself. Perhaps you spend too much to make ends meet every month, then you can set the first goal of a balance ratio of 30%, for which you have to look at your consumption spending, which "latte factor" can be eliminated, or whether your income is too low and you need to change jobs or improve your personal ability to change industries.

Start investing. That's right, with financial goals and a plan for practical changes, it's time to start investing. The order of investment is from low risk to high risk, first use a small amount of money to practice, experience, and summarize to ensure that you have a deep understanding of the gameplay and rules, and then invest funds in batches.

In advanced order, it is probably currency**, **, **, convertible bonds, bonds, etc. With the wealth of investment knowledge and experience, you can gradually expand your circle of competence, and you will change from a "novice" to an "investor". And the highest level of investors is "asset allocation".

The above is a simple sequence of beginners' advancement, which is divided into building basic concepts, recognizing one's own situation, setting goals against each other, and making plans to achieve them step by step. Any learning process requires patience and time, and only time and compounding can make a real investor.

For novices to learn financial management, I think we should talk about it separately from our thoughts and actions.

On the other hand, in order to learn financial knowledge, you can pay attention to some more professional financial management, such as Jianqi financial management, Xiaobai financial management, wealth girl Sun Xiaojia, etc., there are many financial dry goods, which are suitable for personal learning of financial knowledge. At the same time, you can go to the bank to make a reliable financial manager, communicate more, listen to his insights and opinions, and you can also learn some knowledge from it.

Action: I would recommend doing it right away. The risk is not large, and the investment amount is not much, and I recommend the type of financial management suitable for novices.

Now not only Alipay has babies, but various banks have also launched baby products. Compared with Yue Bao, not only does the income not fall to the peak, but even in terms of income, safety and convenience, it also throws off Yu Bao.

For example, the salary cooker product of a joint-stock bank can be set to a minimum balance of 1,000 yuan when the contract is signed, and the rest of the funds go directly into the currency**. When you need to use it, you don't have to make any transactions, you can withdraw cash directly at the ATM, and the system will automatically redeem the trust amount from the currency**, and a single account can achieve real-time arrival of funds within 500,000 yuan per day. It is especially suitable for depositing current liquidity.

In addition, regular investment is also another financial tool suitable for financial novices. Once selected, the corresponding amount will be automatically invested into the ** every month, without manual operation, which is suitable for lazy financial management. At the same time, the regular investment has the ability to cross the bull and bear for a long time, and the net value has risen, the total assets have risen, and the cumulative share has fallen.

It can be said that as long as you have enough patience, the regular investment will definitely surprise you. For details, you can see my others, and there are detailed instructions on ** regular investment.

Finally, I would like to say that financial management is a compulsory course for young people, and it is never too late to start.

cfpInternational Financial Planner, 2016 China's Top 100 Financial Planners.

Financial management is a lifelong skill, many people have a sense of mystery about financial management, do not know how to manage money, see others through financial management to get rich income envy, but they will not, afraid that there will be risks and losses after the money is invested.

In fact, financial management is a skill that ordinary people can master and develop habits, as long as we learn more, master the methods and control the risks, we can all achieve asset appreciation through financial management. But keep in mind that any big gains from managing your money don't happen overnight. <>

Financial management does not care about more money or less money, even a dollar can also be managed, financial management is a habit and skill of thinking, which makes us make more reasonable use of the funds and credit in our hands.

As a novice, financial management starts with consumption and establishes a concept of reasonable consumption. It is necessary to control consumption, plan consumption, and not blindly compare. First of all, learn to keep accounts, write down every consumption you make, and know what the reason for consumption is.

Secondly, learn to force savings, and a part of your monthly salary must be set aside for savings, which can be one-third of your salary. This part of the money is subconsciously untouchable, and there may be some discomfort at first, but it should not affect normal life, study and interpersonal communication. <>

Usually learn more financial knowledge, financial management books and some ** can be learned. There are many ways to manage your finances, find the one that suits you best and continue to optimize your financial portfolio with the recommendation of time.

We can put the money we usually use for consumption in Yuebao first, and we can get interest every day. You can save some of the money that you don't have to use on a regular basis and plan for any additional expenses in the future. Regular wealth management products are available in Alipay and banks, Alipay is more convenient, you can directly use the funds of Yu'e Bao, and when redeeming it, it is also redeemed back to Yu'e Bao, but you should pay attention to the maximum financial management fund limit of 100,000 yuan.

It is recommended that novices make **regular investment, a fixed amount of money per month, a fixed time**, and automatic deduction. It can also be completed on the Alipay platform, and after selecting **, ensure that Yue Bao has enough deduction amount before deduction. **Regular investment is not only a kind of compulsory savings, but also can enjoy the objective benefits brought by the market and professional financial institutions.

Although there is also the possibility of loss, from the perspective of past performance, the average annualized rate of return of public offering ** has reached, far exceeding the average rate of return of the market. Regular investment needs to be adhered to, and the time should be more than one year. We can screen the information provided by Alipay on the Alipay platform.

In the same way, you need to keep learning about **. <>

Also, P2P can be tried in small quantities. I believe that through continuous learning and perseverance, novices will become more and more confident in financial management.

I think financial management is a habit, when you have this kind of thought, you can already start the homework of financial management, and in fact, for financial management, it is really the earlier you start, the better, it is best to have this concept from a young age, which is very helpful for our future financial management.

For beginners, it is common to choose some simple books to get started. Managing money is not like investing, for me, investing is more risky. It can be said that investment is a more high-end financial management, and if you don't have a certain amount of experience and learning, I recommend that you don't start investing easily.

First of all, of course, is to buy some financial products, such as Yu Yu Bao products are quite suitable for financial management, but of course, the risk is low, and the natural return is not very high, but it will have a little impact on your psychology. It will make you feel like you're slowly starting to manage your money. And with such a feeling, it is natural to begin to understand these products, which is a further means of financial management.

At first, you may be bothered by some lifts and falls, but after a long time, you will understand that this is a process. Compound interest is achieved through long-term financial management, and finally it is the beginning of another wave of financial management. So, all you have to do is get started, otherwise you'll never know what financial management is if it's just theory.

If you have more than 50,000 yuan in your hand, then it is recommended that you buy a bank wealth management.

Nowadays, many banks have a variety of financial management, and the interest rate is relatively high, if you say that the construction bank, if you invest for 38 days, the interest rate is more, then the money in these 38 days can not be withdrawn, and after 38 days, you can receive four or five hundred interest.

Although 500 is not much, it is still possible to pay a utility bill, and 38 days is a relatively short time, and the risk is relatively small.

However, many banks have a threshold for wealth management, and most banks have a starting point of 50,000.

If you don't have 50,000, then it is recommended that you put the money in Ma Yun Alipay's Yue Bao, the benefits of Yu Yu Bao are still very good, and the current interest rate is already more.

And Jack Ma's Yue Bao has an advantage, you can deposit money at any time and withdraw it at any time.

And I've been putting my money in Yue Bao for almost a year, and I get a profit almost every day, and there is no loss at all.

So if you don't have too much money in your hand, it is recommended to put it in Yue Bao, after all, there is 0 risk and return.

Money management is a compulsory course for everyone, and as a young person, it is the best time to manage money. As a novice, you should treat financial management as a craft, which will become more and more fragrant as you get older.

So how do newbies manage their finances?

Financial management is actually a kind of life attitude. For most young people, spending money lavishly, moonshine is basically the norm. Today's young people not only dare to spend money, but also dare to borrow money to spend. This can be seen from the cases of college students borrowing on various news platforms.

The first thing you need to do when you manage your money is to live a minimalist life. Minimalist living is all about trying not to buy unnecessary things and not to hoard necessary things. Many people like to buy a lot of toilet paper, toothpaste, socks and other items for the sake of cheapness during the Double 11 shopping festival, but in fact, for financial experts, this is not recommended.

One of the most important qualities of financial management is to change one's poor mindset. Hoarding money into paper towels, a person's life will be occupied by paper towels, and it is difficult to have an empty cup mentality. In addition, think about how much your home costs per square meter, and use 100 paper towels to occupy your house of 20,000 square meters, do you think it is worth it?

The first step to getting started with your finances is to save money. You can't start investing until you deposit your first investment. The purpose of saving money is to cherish the difficulty of money and avoid wasting money in unnecessary places.

Saving money is the first step to start dealing with money, as long as you have money, your life will slowly become normal, remember, you must stay away from various loan platforms, and don't spend a lot of money to compare your equipment with others.

If you don't own a house in the city, the most direct investment is to buy one. Real assets are always scarce and inflation-resistant, making them one of the most common investments. If you have a house, it is recommended to invest**, in the future valuable assets will become scarce products and will be robbed like crazy, it is recommended **some consumer goods companies**.

Hello. You can use Wealth Management. The income of small gold wealth management is more than 7%.

The minimum deposit is 500 yuan. You can withdraw money at any time when you use it, and it will arrive in your account within five minutes. Convenient, flexible and fast.

Suitable for novices. You can start with a little less input, give it a try, and learn a little more.

For novices, if they want to manage their finances more quickly and avoid detours, it is still necessary to understand some entry-level basic knowledge.

1. Safety is a prerequisite for earnings.

Generally speaking, high returns are accompanied by high risks, so before choosing financial management, we must understand the characteristics and risk degree of financial products, and have a general understanding before investing.

If you want to manage your finances based on security, then for example: buying currency**, bank wealth management products R1 and R2, and bonds** are all good choices, which are low-risk, although the income is not high, but basically there will be no loss, the income is relatively stable, and it is also a lot of income over time.

2. Don't concentrate on investment when investing, and diversify investment is more secure.

Many novices are looking at a **, for example, ****, watching others buy and earn, and then observe for a period of time, it is true that this ** is still relatively high, so it may be a one-time investment of a large amount of money, when the **market** is not good,**, so concentrated investment in the same **, the loss is very large.

If you are diversifying your investment in many **, then it is very likely that when this ** falls, that ** is rising, and it will not lose a lot all the time.

3. Learn to reduce expected returns.

Therefore, when investing in financial management, the first attitude should be good, and then learn to reduce the expected returns, and be more rational when investing, so that it is easier to relax the mentality appropriately and take the average return as the investment goal.