Young People Should Not Stick To The Eight Steps In Managing Finances.

world clothing shoes The Xiaobian of the hat net is to introduce young people's financial management and stick to the eight steps.

The US market is selling a new book called "the eight step to become a millionaire". Charles Carlson, the author of this book, sums up eight action steps to become seven millionaires with seven figures through their systematic interviews and surveys of the millionaires of the United States.

Step one: invest now.

What do you do if you don't have money to invest? Carlson suggests that investors should force themselves to invest their income in 10%-25% immediately. If there is no time to invest, how can they reduce the time of watching TV?

The second step: set goals.

The goal is to prepare college tuition, buy a new house for children, or save enough for retirement before the age of 50. In short, any goal can be achieved, but we must set a goal and do it with all our might.

　 The third step: buy stocks or equity funds.

Americans think buying shares To get rich, buying government bonds can only save wealth. The millionaire's common experience is: don't believe in gold, rare collections and other things, and put your heart on stocks. This is the beginning of wealth creation. From a long-term trend, the average annual return on stocks is 11%, while government bonds are slightly higher than 5%.

　 The fourth step: don't look sharp.

Millionaires are not rich because they invest in high-risk stocks. They invest in ordinary blue chip stocks.

　　 Fifth step: fixed monthly investment

Investment must become a habit and become a "homework" every month. No matter how much the amount of investment is, the monthly fixed investment is enough to make your wealth exceed 2/3 of the people in the United States, because they usually only think about consumption, and only think of investment when they are old.

　　 The sixth step: buying stocks should be held for a long time.

According to the survey, 3/4 of millionaires should buy stocks for at least five years. The stock often buys and sells, not only taking risks, but also paying transaction fees and brokerage commission. The more you trade, the less you will become rich.

　　 The seventh step: regard the Inland Revenue Department as an investment partner.

It is not advisable to hate the idea of the Inland Revenue Department. Only by taking it as your investment partner and paying attention to the new tax regulations at any time, being good at using the tax exemption regulations to make proper investment and financing, and making the Inland Revenue Department an assistant to your wealth, is the positive approach.

The eighth step: limiting financial risks.

Most of the millionaires come in, buy ready made suits, drive ordinary Ford cars, and shop at parity stores. They usually do not like to change jobs frequently, do not have a lot of children, do not move, and life is not too much accident stability is their common feature.

Young you, now set one. Conduct financial transactions With the goal of one's own mind, it will be much easier to insist on the need to increase revenue and reduce expenditure.