7 Wealth Growth Strategies That Young People Need To Pay Attention To

Nowadays, people often say that they can not rely solely on work and wages to achieve their own financial freedom.

One person wants to think

At least, we need a little more wisdom in managing finances.

In this regard, the financial planner summed up 6 wisdom strategies on how to increase wealth for reference.

1, pay attention to your income.

Make your spending plan according to your actual income, not too much.

For example, credit cards are frequently brushed so that every month they have to repay their credit card debt with all their salaries and become a moonlight group.

This will do no good to the growth of your future wealth.

Without savings, it is impossible to invest in wealth.

2. Adjust your mindset appropriately.

If your income is not very much, that's appropriate.

Some simple life can be done.

You don't have to go all the way to spend money.

Of course, we must also oppose the life of ascetic monks, because we accumulate wealth for pleasure.

Jiaxing Reed financial planner believes that the most important thing to do is to make money in a planned way and adjust mindset so that you can live comfortably now and in the future.

3, invest in your brain.

Data show that the higher the education level in modern society, the higher the income is.

Education is generally considered to be the highest return form of investment.

For example, to invest in education, to learn new knowledge, new skills, and to increase their abilities, it is easy to get more pay and return and benefit from life.

4, invest in your body.

Without good health, you will not have the energy to do things, nor do you usually do well.

Therefore, it is also necessary to invest your body well.

Take out part of your salary, organize a sports card, fitness card and so on, exercise your body well, maintain vigorous vitality and work efficiently for 30 years. You must earn much more than you can work for 20 years or even 10 years.

Therefore, investing in your body is also a form of financial management.

5, hard work and no money management.

Maybe your career is excellent, and you can earn a lot of money at the very beginning.

If only the money was kept in the bank, then it would be a big loss.

Jiaxing Reed financial planner reminded that the current bank interest rate has been a very low level, for example, the interest rate is only 0.35%, while the one-year time deposit is only 2.25%, so if you deposit a bank in a year, your account will hardly have any decent wealth growth, but it will easily be swallowed up by inflation.

The money should be invested in time, whether it is to allocate bank funds or invest in other industries, which is better than simple savings.

For example, the RMB financing products such as workers, peasants, China Construction Banks and other banks also yield about 4.5%-5.5%, with 50 thousand investments and higher returns than savings.

Of course, if there are conditions, you can also make some securities investment plans, and the proceeds are even higher. For example, the MOM investment plan, the income of 8% plus floating income, and the trust plan, and the profit is between 8% and 12%.

Compared to bank savings, it is obvious that the value of wealth will be increased by investment.

6. Participation in high-risk investments.

In China, when it comes to investment, some people think of stocks.

However, Jifeng Reed financial planner also reminded that stocks are high risk and high returns, and investment should not be blind.

It is not that we should not participate, but that we should participate in it.

This degree depends on your own risk tolerance. Not everyone or family is suitable for putting 30%-50% of family assets into the stock market.

In addition, even in the bull market, we need to pay attention to the scientific nature of operations, such as setting up stop loss points, preventing excessive falls in share prices and so on.

7. Investment society diversification and risk control.

Investment is not without risk, but if we know how to diversify investment risk, then making money will become more long-term.

Buffett is a famous example. His investment pays great attention to capital preservation. His robust strategy has finally won many radical investors.

Therefore, the Reed financier of jiaxon believes that the prudent and guaranteed "Sutra" is still a long thought for the business of investing and financing.