How can a novice learn to manage money from 0 basics?

As a beginner with zero foundation, if you want to learn financial management, you must first understand the basic knowledge and choose the direction you want to learn. In this way, we can pave the way for the rest of the work. Once you've done step 1, it's time to start practicing with a small amount of money.

Because we can't just stop at theory, we must practice to make progress. What you need to do is to keep summarizing your mistakes, keep correcting your mistakes, and then your investment level will slowly get higher and higher.

There are many different ways to manage your finances. If you put your money in the bank, eating that 2% interest a year can also be regarded as financial management. But the benefits are so low that almost no one can see them.

Therefore, there are two main ways to manage our finances, the first is to buy, and the second is to buy. First of all, you need to choose one of the paths, and once you have chosen, you should understand some basic knowledge and related terminology in this area. <>

After you've done step 1, it's time to get started as soon as possible and start working with a small amount of money. Because if you just stop at theoretical learning and don't do practical work, you will never learn to invest. Because the actual operation will encounter all kinds of complex situations, there will be many details that you need to understand and learn, so that you can really make money on the real market.

The knowledge in the book may be very different from the situation you actually encounter, so you can't be like a nerd who just learns theory and doesn't practice. <>

In actual combat, you need to constantly summarize your mistakes, then correct your mistakes, and then continue to try. In the process, your level will continue to rise. When you reach a certain level, you will slowly find that you are losing less and less money, and you are making more and more money.

After reading it, remember to like + follow + collect.

Xiaobai wants to learn financial management, the best way is to sign up for a financial training class, starting from the most basic introductory learning, in addition to reading more financial books, the same is also from the most basic books, recommend "Puppy Money Money", "Rich Dad Poor Dad" These two books.

First of all, you can find a special course to study, secondly, you can read some professional books about financial management, and finally you can practice on a small scale.

I suggest that you buy some books first, read them in the book, and then go to some courses for training, and you will understand after a long time.

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The second point is that the most important thing in financial management is persistence, that is, time.

Take a thinking question: a small piece of duckweed appears in a pond, it doubles every day, experts expect to fill the entire pond in 10 days, how many days can it grow half of the water surface?

Answer: 9 days.

This means that the 9th day is the "tipping point", and the growth doubles on the last 1st day.

Another example: Warren Buffett was 50 years old with a personal net worth of only $100 million; By the time he was 59 years old, that number had soared to $3.8 billion. So it can be said that 59 years old is a "tipping point" for Buffett.

The first step to successfully accomplish a thing is to accumulate certain resources, and success often requires perseverance. Investment is not a one-year or two-year, or even three-year-old or four-year affair.

Although the amount of money saved every year is not very large, the income is not constant, as the income increases, your savings will also be boosted, the more you invest, the longer you invest, the higher the income from the investment will grow over time.

In the financial training camp, the teacher first mentioned how to accumulate the first pot of gold, how to improve the return on investment, and how to improve the knowledge of wealth accumulation. If you are a moonlight clan and want to remind yourself of your ability to accumulate wealth, welcome to become a classmate with me: "Financial Training Camp" will take you to easily and steadily nugget gold, click to register.

Stick to bookkeeping, categorize expenditures, and distinguish between essential and non-essential expenses.

Categorize income and plan it wisely.

10% of the balance of income minus necessary expenses is used for daily entertainment, 20% of the balance is used to invest in yourself (buying books, attending courses, traveling, etc.), 50% of the balance is forced to save (currency**, bank wealth management and other low-risk investments), and 20% of the balance is invested in some products with higher risk (**type**, if you have more free time, you can invest**, etc.).

Read some books on financial management.

Knowing some of the basics of financial management, and learning from the investment gurus can help us avoid many detours.

Get an overview of the current basic ROI in the market. Understand that the rate of return and risk are positively correlated, if you see that the return rate of a certain financial product is very high, but the risk is very small, then you must be vigilant and stay away, maybe the next step is to fall into the trap. Tragedies such as the platform running away and leaving a huge amount of arrears, and people jumping off the building are endless.

Don't be greedy. Learn by doing, and learn from your own experience.

Make a record of your own investment, and your investment experience can also be recorded and summarized. to adjust your approach later.

Develop good spending habits.

The accumulation of wealth should not only be open source but also throttle. Once you've learned what non-essential expenses are, try to minimize impulse spending. You can postpone the purchase to see if you really need it, such as putting it in your shopping cart for a while and then seeing if you really need it.

At present, various online platforms consume first and pay later, and offline credit cards make it easier to spend money, and the subsequent installments and minimum repayments are unknowingly saddled with debt. Consume responsibly and buy items within your means. In fact, with the rational use of these methods, it is possible to extract wool through the time value of money.

Ask which wealth management products are suitable for beginners.

Question: I am now in debt of 60,000 yuan, 5,000 yuan a month, and I still have to live, how can I manage my money to pay it off within a year?

To start learning financial literacy, you can invest a small amount of money to test your learning effect.

If you want to pay off the project within a year, it is indeed a lot of pressure, but as long as you continue to learn and invest, the receipt will definitely be great.

If you are a novice, you should first learn to save money, develop financial habits, and learn knowledge from financial management.

Make it a habit to keep accounts.

Learn to save a portion of your money every month.

Control your own outflow and accumulate wealth.

Try simple financial products, such as cargo base, or Alipay's baby financial management, read some financial management-related introductory books, and understand various noun explanations.

Hello, for zero-based investors, you can learn to manage money in these ways: 1. Understand your assets and liabilities, so that you can reasonably plan the use of funds and specify reasonable financial goals. 2. Set financial goals, which are usually divided into short-term, medium-term and long-term goals, and then invest according to this goal.

3. Learn to keep accounts, and only by keeping accounts can you know how to use the money, what should be spent and what should not be spent, so as to effectively save money. Bookkeeping can develop good financial habits and avoid overspending and impulsive spending. 4. Choose financial products that match the risk ability, and the common financial management methods are:

**, **, treasury bonds, treasury bonds reverse repo, bank wealth management products, etc., to diversify the investment of products. 5. After choosing a way, it is necessary to do: not greedy, not blind, not to get rich, but to continue to accumulate and learn financial knowledge and adjust financial management mentality.

If you are a beginner, you should start with the first to learn investment and financial management, as well as the knowledge of finance and economics? In response to this problem, there is actually a good solution, which is a set of simple and easy introductory strategies, which does not take time or effort, and is very suitable for zero-based friends.

We divide this solution into two parts, the first part is a one-time basic knowledge learning, and the second part is to integrate into the fragmented input of life.

Let's take a look at the first part, for novices, it is not recommended that you go up to read some of the most economics professional books, for ordinary people, more than 80% of the concepts in these books, even if we learn to usually not be in touch, so, the most important thing is to focus on learning and learning the most relevant 20% of the knowledge of our real economic life, there is a very good set of investment and financial management teaching materials on the Internet, called how the economic machine works, in the major ** You can find it all in a search on the Internet. The founder of Bridgewater**, the world's largest hedging in the English original, through this**, we will understand the very concrete trading behavior in daily life. The second step in the theoretical study is to give you a movie, the movie is called "The Big Short", which tells the story of the beginning and end of the subprime mortgage crisis in the United States from 2007 to 2008.

The film puts the concepts we learned into real events and adds humanity.

Through the first two steps, we already have a certain foundation in economics and finance, and if we want to accumulate theoretical knowledge of investment, we can study some systematic courses.

Look at the second part, integrate into the fragmented input of life, there are two software worth knowing, the first is Wall Street Experience, this is a financial news software, which helps us to immerse ourselves in an environment full of financial news at all times, that is, fragmented input, at first may not understand a lot, insist on scanning it every day, and after a long time, you will naturally know what news is important in the market, and the second is Xueqiu, a bit like the Weibo of the financial office, you can see the hot spots of the current market and the interpretation of various big Vs.