Living on wages, how can working families protect themselves from financial risks?

Wage earners live on wages and have no other income, so it's stressful to think about.

When I just graduated from college, I was embarrassed to ask my family for money, and there was not much money left to pay rent, living expenses, and water and electricity bills every month.

How can people who live on wages protect themselves from financial risks?

First of all, it is necessary to classify the possible financial risks of the family.

Many years ago, some state-owned enterprises of our parents' generation were laid off at the same time due to poor economic efficiency, and the family income was suddenly interrupted, and the long-term lack of income would endanger the family's financial security.

In today's society, as long as you are willing to pay hard work, at worst, you can be a takeaway brother in exchange for an income through manual labor, like a few decades ago, the sudden income is getting less and less, and there is more of another situation of family financial risk: people who are originally healthy and healthy have lost their ability to work for some reason, and there is no way to exchange for income through labor. Just like a person who is seriously ill in a hospital, not only can he not make money, but he also spends money every day, which has a great impact on family finances.

Faced with the risk of income interruption, the favorite thing of my parents' generation is to save money, and when they have saved enough money to buy a house, they can't buy two sets of one set, and they can't buy three sets of two sets, collect rent every month, and replace salary income with rent.

The best thing about collecting rent is that there will be cash coming in every month, just like paying a fixed salary every month. However, now that housing prices are so high, a few people can buy two suites, and buying a house is obviously a bit unrealistic. So how can you prevent it?

There is a triangle in the allocation of household assets: the bottom layer is cash deposits and insurance, the middle layer is the low-risk and low-yield assets of the house and ** class, and the top layer is the high-risk and high-yield assets of the **, antique and PE classes. For working families, cash deposits and insurance at the bottom are the most important tools to deal with family financial risks, after all, the ability to earn money is limited, and the funds on hand are limited, so it is necessary to use leveraged financial tools to lock in family financial risks.

Wait for the excess money to allocate the assets of the middle layer, from living on wages to living on asset income, from active income to passive income, assets along the pyramid layer by layer, and when the passive income covers all the expenses of the family, the family will no longer have financial risks.

Now it is really easy for this society to make money, as long as you are willing to endure hardships and use your brains, even fools can get rich, but after all, every penny is earned by hard work, for working families, we should pay more attention to food and clothing, so if you want to prevent financial risks, I think you need to start from the previous aspects.

First of all, we must pay attention to the health of family members, although this will not directly cause financial risks, but after all, illness costs money, especially serious illness, it is really not good to cure without spending hundreds of thousands, of course, it may not be cured well! Therefore, strengthening one's physical exercise and improving physical fitness can also be said to be a way to prevent financial risks.

The second is not to be greedy for cheap, improve their own vigilance, now financial fraud is still relatively common, like what Internet fraud, mobile phone text messages, etc., don't easily believe in what won the lottery and the like, and try not to take out loans for consumption, so that no return on consumption can only increase costs. Even if you take out a loan, you have to go through a formal channel!

Finally, it is necessary to pay attention to opening up sources and reducing expenditures, and be diligent and thrifty. Spend the money you should spend, save what you can save, don't compare consumption, pay attention to rational spending, so that you can effectively avoid financial risks!

In recent years, with the popularization of financial management concepts, more and more people have realized the importance of financial management. However, financial management is actually a technical job, and once there is a big mistake, the money in the pocket not only does not increase, but also becomes less and less.

This is especially true for wage earning families, who have limited income but high expenses. So how do you prevent risks? Vanish. Fee.

The first thing you need to do is figure out your family's finances. Every family inevitably has to spend, including mortgage rent, daily living expenses, children's education expenses, and personal exchange expenses. All combined, there is a significant amount of expenditure every month.

However, in the case of limited income, if the monthly expenditure is excessive, it may bring more financial pressure to the family, and at the same time, it is not conducive to the accumulation of raw wealth.

It is recommended that every family can control their spending by making a budget, keeping accounts, forcing savings, etc., and can have a lot of wealth over time. Specific expenditures should be prioritized. Don't be vain and compare consumption. Cast. Capital.

Investment is an indispensable part of maintaining and increasing the value of family wealth, and it is also a link with a high difficulty coefficient in implementation. Because there are always profits and losses in the process of investment, the key is how to get more returns while keeping the principal.

Every family's situation is different, so it is necessary to formulate an appropriate investment strategy based on various factors such as total household assets, the stage of the family, and risk tolerance.

At the same time, when investing, we must also pay attention to risk diversification, do not invest all assets in high-risk products such as ** and **, and allocate some stable fixed income products when necessary to avoid excessive losses. Negative. Debt.

Having debt is not entirely a bad thing, and a moderate amount of debt can often allow the family to turn over money and create more wealth, but if there is too much debt, the family will be exposed to financial risk.

Each household is able to measure its wealth status by the debt-to-income ratio (debt-to-income ratio = monthly debt-to-income current month), with a threshold of 40%. When the calculation results exceed this value, it means that the proportion of household debt is too high, and it is prone to financial crisis, such as unemployment, large medical expenses, resulting in financial burden, or even "insolvency". Therefore, it is necessary to control the debt and not let the family wealth stay in a "red light" state for a long time.

Of course, this proportion is not as small as possible, and from this concept, the moderate use of other people's funds to develop wealth is also a kind of ability. Protect. Obstruct.

Implementing safeguards is one of the important means of preventing financial risks. Generally speaking, each family can be protected by setting aside emergency funds, configuring commercial insurance, etc.

The emergency fund is generally 3-6 months of living expenses, but it can be adjusted accordingly according to the actual situation. In terms of commercial insurance, critical illness insurance, accident insurance, etc. are all types of insurance that can be considered, but the investment should not be too much, and the purpose of protection can be achieved, so as not to add additional burdens to yourself.

In short, if working families want to prevent financial risks, they must start from the above 4 points and make comprehensive preparations.

Living on wages, how can working families protect themselves from financial risks? If you live on your salary, the general family wealth is not much, because the salary is paid on time every month, and the money left is limited, so if this is the case, since the customer also said that it is necessary to prevent financial risks, then you must be prepared.

For example, before buying insurance, our financial present value range may be [-500,000 yuan, 2 million yuan], because there will be high medical expenses, and the probability of a major illness in a person's life is that the present value of our wealth after buying insurance is [800,000 yuan, 1.9 million], Although the range of the present value of wealth has narrowed, from 250 to 800,000, the present value of wealth in the future is also more certain.

Why are we proposing to buy insurance? It is estimated that I believe that I have watched the most popular movie "I Am Not the God of Medicine" recently, and it has been swiped if I haven't seen it, that is to say, if a family has a seriously ill patient, it is estimated that it will not be far from bankruptcy, because people who suffer from major diseases often need years of nutrition expenses, in other words, they rely on drugs to maintain life, and the cost of these drugs can drag down an ordinary family in about a year.

Only by passing on this risk can we determine the future and wish our future a better future.