The poor are poor, the rich are rich

Chapter 55 4 Different Situations, Different Financial Management Methods

Chapter 114 Different Situations, Different Financial Management Methods

The so-called specific analysis of specific problems, in the face of the same problem, different people have different solutions.Just like a teacher teaching students, some people say that the best teacher teaches one student with 50 methods, but the bad teacher teaches 50 students with one method.Why?It's just because different people have different characteristics.The same is true for financial management. Everyone has different personalities, different ages, and different stages of life, so the issues that need attention in financial management are also different.

Let’s start with the comparison of social horizontal families:

Case 1: Young family of two

Ms. Lin, 25 years old, works in a state-owned enterprise; her husband, 28 years old, works in a private enterprise; their monthly fixed income is about 13000 yuan, and they have no children yet.The two currently live in a mortgaged house worth 45 yuan, and the family's monthly income is 4000 yuan; they still have 15 yuan in bank deposits.He plans to buy a small car worth 13 to 15 yuan within two years.

The direction of financial management of such families should focus on the following aspects: first, focus on cultivating their own investment and financial management capabilities; second, prudently carry out large-scale consumption items, such as buying cars; mood.

Financial management advice: 1. Ensure basic reserves. The coming period of high consumption will bring greater pressure. Strengthening savings accumulation is still the most basic way; 2. Carefully consider buying a car in the near future; 3. Adjust the family investment structure. It is recommended to follow 2 : The ratio of 4:4 arranges the funds for investment in bank deposits, entrusted financial products, stock funds and trust products to avoid depreciation of funds caused by inflation; 4. It is recommended to purchase necessary commercial insurance for both husband and wife.

Case 2: Middle-aged family of three

Mr. Zheng has a family of three. The child is in the first grade of junior high school. The couple work in a public institution. The total monthly income is 8000 yuan, and the monthly household expenditure is 3000 yuan. All three of them have purchased commercial insurance.The existing bank deposit is 30 yuan, and the stock market value is 19 yuan.Owns two houses, one of which is used for living, worth 40 yuan; the other is temporarily vacant (if it is used for rent, the rent is expected to be 1500 yuan/month, and the selling price is about 30 yuan).It is planned to let the children study abroad in high school.Consider buying a small car in the near future to improve your quality of life.

This type of family should focus on several aspects when making financial planning: one is to invest in areas that can be controlled by their own conditions on the premise of stability; the other is to first consider avoiding the depreciation of funds caused by inflation, and then to involve in value-added areas; The third is to change the concept of financial management, pay attention to improving the quality of life while thinking about children, and pay attention to making full preparations for one's own retirement.

Financial advice: 1. The first choice is to rent out vacant houses; 2. It is recommended to pay off the car purchase in one lump sum; 3. Children’s education funds and husband and wife pension funds will mainly rely on the existing economic base (property and deposits). On the basis of stock investment, optimize the investment portfolio of deposit funds and daily accumulated funds, or purchase wealth management products launched by various banks.

Case 3: Elderly Family
Mr. Wang is 50 years old and retired early at home, and his wife is 50 years old and has also gone through the early retirement procedures.The husband and wife have a total monthly pension of about 23000 yuan.There is a set of self-occupied houses, near the bus station, the pollution is relatively high, and the market value is about 30 yuan.There are bank deposits totaling about 65 yuan, most of which are short-term time deposits.The annual expenditure of various insurance premiums is about 1.5 yuan.The average monthly expenditure of the two is about 4000 yuan.There has always been a desire to improve the living environment and buy a car.

The direction of financial management of such families should grasp the following points: first, ensure sufficient working capital as the reserve needs of elderly families; second, focus on improving the quality of life; third, get involved in some more mature investment fields.

理财建议：1.先出售旧房加上现有资金，实现买房、买车计划；2.注重稳健投资以求保值、增值，在支付买房、买车款之后剩余的资金以5︰3︰2的稳重比例用以银行存款、理财产品、收益性投资（基金、信托和股票等）。

From the stage of life:
1.single period
2-5 years, from working to getting married, the income is low and the expenses are high. During this period, the focus of financial management is not on making profits but on accumulating experience.

Financial management advice: 60% of stocks with high risk and high long-term returns, stock funds or financial products such as foreign exchange and futures, 30% of relatively safe investment tools such as regular savings, bonds or bond funds, and 10% of current savings for future use A rainy day.

2.family formation
From 1 to 5 years, you will get married and have children, your income will increase, your life will be stable, and you will focus on reasonably arranging family construction expenditures.

Financial advice: 50% stocks or growth funds, 35% bonds, insurance, 15% current savings, insurance options include term insurance, accident insurance, and health insurance with low premiums.

3.Children's education period
In the past 20 years, children's education and living expenses have soared.

Financial advice: 40% stocks or growth funds, but need to avoid more risks, 40% savings or national debt for education expenses, 10% insurance, 10% family emergency reserves.

4.family maturity
In 15 years, children work until I retire, life, income peak period, suitable for accumulation, focus on expanding investment.

Financial advice: 50% stocks or stock funds, 40% regular savings, bonds and insurance, 10% family emergency reserves.When approaching retirement, the proportion of risk investment should be reduced. Insurance should focus on pension, health, and major disease insurance, and formulate a suitable pension plan.

5.retirement period
Both investment and consumption are relatively conservative, and the principles of financial management are health first and wealth second, mainly for the purpose of stability, safety, and value preservation.

Financial advice: 10% stocks or stock funds, 50% regular savings, bonds, 40% current savings, those with more assets can legally avoid tax and transfer assets to the next generation.

(End of this chapter)