Seven ways to make money

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In the Business Series

? Seven ways to make money

? Making money is like digging a well. Inject a steady stream of water into your reservoir; people must understand the principle of money begetting money, and money will stick to you.

1. Three links of financial management

a. Save money: If you earn one and spend two, you will remain poor all your life. Many people say it is impossible to force 10 yuan to be deposited in the bank every month. So if your company is not running well, the boss will cut expenses and give you two options. The first is to fire you and compensate you for two months' salary. The second is to reduce your salary from 5,000 yuan to 4,000 yuan. Can you accept it? Which plan? 99% of people can accept the second option. Then you make a compulsory savings for yourself, and directly deposit 10 yuan in the bank after sending the money. If you don't take this step, you will never have money to spend.

b. Invest money: funds, stocks, bonds, real estate (the market situation this year is still less investment)

c. Protect money: buy insurance for yourself, insurance is an important means of financial management. Such as accidents, hospitalization, serious illness, etc.

Do:

Managing money is the center,

Saving money is the starting point,

Making money is the focus,

Protecting money is a guarantee.

2. How much does it cost to start financial management?

For example, if you save 1,000 yuan a month to buy a fund from the age of 20 and save it until you are 60, it will be 6,378,000 yuan; if you save from 30 to 60, it will be 2.2 million; if you save from age 40, it will be 700,000; 50 Years old, 200,000. Money begets money and is a long-distance runner. [Proud] Financial management must start from a young age.

Financial management and investment are two different things. Especially today, don’t invest in online investment companies. If you invest, 80% of it is just like "if you beat a dog with a meat bun, you will never come back."

3. How to allocate assets: Just like a person’s reservoir, divide the money into three parts:

The first part: emergency money, living expenses for 6 months to a year. Deposit with a bank, current account, time deposit, or money market fund.

The second installment: life-saving money, living expenses for three to five years, fixed deposits, national bonds, and commercial pension insurance. It should be something that guarantees no loss and only adds more but not less.

The third portion: spare money, money that will not be used for five to ten years. Only with this kind of money can you buy stocks, buy funds, engage in real estate, or start a business with friends in partnership. To make this kind of investment, you must have spare money.

3. Stocks

The stock market is like a tide, rising and falling. Only when the tide goes out can we see who is swimming naked. It is not recommended to enter the market at the current point, and it is not a good time to buy funds. There are only three types of people who can predict the stock market: one is a genius, the other is a lunatic, and the third is a liar. Ordinary people advise you not to enter.

Before investing, ask yourself two questions:

a. Do I have a house and insurance?

b. Do I have urgent money?

Among the investors who entered the market this year, 90% will become cannon fodder in three years, and only 10% can make money from the stock market. This is an iron rule spread on Maopu!

4 .When should financial management start?

After graduating from college and starting a family, you are already a real adult. It would be very shameful if you only care about your own vanity and face and ask your parents for money. matter. Therefore, after graduating from college, you must learn how to survive--money begets money, that is, how to save money to raise children and live a happy life

5. Financial management habits

a. Frugality : Take one less taxi, one less beauty treatment, one less order from outside, and save the money for financial management----How to invest and manage money----Let money make money.

The rich's money makes money,

The poor's debts support their debts.

To save money, you must first cherish money. Many rich people do this. Li Ka-shing's frugal life is well known.

b. Accounting: If accounting every day is not enough, accounting once every three days is fine. Some people are accustomed to accounting for more than 100 yuan.

6. Misunderstandings in financial management

a. Financial management is a matter for rich people: both poor and rich people can manage money, develop good habits, invest, and let money take care of itself. Go do some errands.

b. "Busy". Have time to play Lao K, mahjong, and drink, but no time to learn how to manage money?

c. Financial management. Spending all your money or even borrowing money to buy stocks/investments is not financial management! It's gambling! ! It's a gamble! ! ! Insurance companies say that their products provide protection, savings and investment, so why do we need fund companies?

d. If you have little money, financial management will have no effect: The secret of financial management is "Cherish money, save money, money begets money, and persevere."

e. I don't understand financial management: No You can learn what you know. Financial management is not difficult. It’s never too late to start learning. Just watch a few Korean romance dramas.

f. Managing money means making money: Managing money has nothing to do with making money. Financial management is about preparing for a rainy day, helping your wealth grow safely and steadily, and achieving your life goals. Instead of asking you to get rich overnight, 80% of families/people who get rich overnight (more than 100 million in 10 years) will bring tragedy to the family.

g. Financial management tips: Financial management cannot follow the crowd, it must be personalized----Understand the capital market flow patterns of financial institutions. Don’t invest in companies that have countless funds: don’t invest in the boss’s children abroad, don’t invest in the boss who has illegitimate children, don’t invest in the boss who eats, drinks, whores and gambles, doesn’t invest in the boss whose product market has overcapacity, and doesn’t invest in the boss’s team that is in disarray Don’t invest...

h. Financial management is different between men and women: Financial management is the same for everyone, and women are more likely to be impulsive. Women should try to restrain some impulsive consumption when it comes to financial management. If they are not impulsive at all, , is no longer cute. In society, 80% of men will "analyze", 80% of women will look for "feeling", and 80% of Chinese-style families will be women who "manage money", but they are deceived.

7. The Four Ones of Financial Management

a. Live within your means throughout your life

Boxing champion Tyson started boxing at the age of 20 and earned nearly 4 However, he spent extravagantly, with more than 100 rooms in his villa, dozens of sports cars, and kept tigers as pets. As a result, by the end of 2004, when he went bankrupt, he still owed the National Taxation Bureau 10 million U.S. dollars. If you are not born with a golden key in your mouth, enjoyment should come after the age of 40. You must work hard and work hard when you are young. The hardest thing is to be poor when you are old.

b. Don’t dream of getting rich overnight

There is a Chinese saying that goes, “Wealth cannot come through the wrong door.” 20 to 30 times a year or even 15 to 20 times during this year's epidemic are problematic and cannot be trusted. Think about other people's motives. Things that sound too perfect are often not true. Many people who win the lottery jackpot are still poor ten years later because they buy big houses, luxury cars, eat, drink, whore and gamble...

For example, on the topic of hotel investment, ask yourself six questions:

1) Who comes to my hotel to eat and drink? Why do customers come to my hotel to eat and drink?

2) How advantageous is the team and location of my hotel? Are the parking spaces, chefs, lobby managers, waiters and other services first-rate?

3) How to attract customers and where are the channels? Who are my customers? What dishes do they like to eat? Is the menu positioned as farm food, Cantonese food, Hangzhou food or Sichuan food?

4) Is the rate of return reasonable? Annual income of 1 to 5 is low, 5 to 8 is medium, and above 8 is high.

5) If my service concept is not in line with customers, will anyone come?

6) What if no one comes from the customer?

If there are doubts about two or more of the six questions, it will not be opened.

c. Don’t let debt haunt you for life

House slave, car slave, card slave. Most of the negative people in China are 28-35 years old.

For example, buying a 100-square-meter house in Xucun costs 300,000, with a down payment of 200,000 or 60,000, deed tax, etc. 20,000, 80,000 for decoration, 20,000 for home appliances, and 20,000 for fine interior decoration. It is impossible to live in it without 200,000. The monthly repayment should be less than 30% of your income, 50% would be very uncomfortable. Think carefully about whether you have the financial ability before buying a house. If you try hard to buy a house, you will become a house slave.

Car slaves are even more terrifying. Cars are a high consumption item in people’s daily lives. People who go to work usually buy an electric car worth RMB 700 to 800,000 to commute to and from get off work, but more people choose not to use a car to go to work. For example, many wealthy people in Japan carry lunch boxes and take the bus to work every day. China's current consumption concept is terrible, especially among the young people born in the 1990s. They want to buy mid- to high-end cars (more than 500,000 yuan), but they save less than 5,000 yuan a month. This is called "if the rich are not worthy of their place, there must be...". In today's society, there are still many people who cannot afford to buy a car, but some people choose to buy a car with a mortgage. Do you have a problem with your mind? It takes 10 years to buy a car and you will be poor for life." The principle is the same (referring to a part-time job, not a boss). Calculate an account: you buy a car for 500,000 (plus 200,000 for a garage), and get a 10-year mortgage for 400,000. You pay the mortgage every year for gas, tolls, insurance, maintenance, annual inspection fees, car depreciation, etc., which is about 5 per year. Ten thousand yuan of expenditure, but your income is 4,000 yuan, and the annual income is less than 50,000 yuan. Are you living in the north-west wind with other living expenses? Those who buy a car with a mortgage will be poor 20 years later, while those who do not buy a car and choose to manage their finances rationally will become millionaires.

To change your life, you need to start saving and managing money with small amounts of money. There is a saying from the ancients: "If you don't have enough food and clothing, you won't be able to plan and manage your finances for a lifetime."

For reference

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