1) Be the master of money, not the slave of money.
When we become the masters of money, we can realize our dreams and live a happy life.
But when money becomes our master, such a life will make people abandon all hopes and dreams. The purpose of work is to make money, and everything in life revolves around money. I no longer expect future economic income to change. , resigned to fate's arrangement, and lived a passive life.
2) Use installments and credit cards sparingly, as they both encourage overspending and get what you want before you can. In this way, when most of the monthly salary is paid in installments, it is difficult to have the so-called sense of achievement and income.
3) Learn to analyze assets and liabilities, liabilities are the biggest killer that affects the quality of life. The fundamental of financial management is to "eliminate debts in the shortest possible time and not generate new debts".
4) The principle of 30% housing loan, the monthly repayment amount cannot exceed 30% of your monthly income.
The investment ratio of real estate and financial assets in the United States is 4:6, which cannot allow real estate to account for a large proportion of investment, because house prices may be at risk of falling.
5) Create a monthly budget
6) The 70:30 rule of debt repayment, use 70% of the remaining money to pay off debt and 30% to save and invest.
7) Structural adjustment, buy real estate and cars that are in line with your own economic income.
8) Importance of Insurance Critical Illness Accident Insurance
9) Plan your retirement life in advance
10) Prepare the three major assets for a lifetime of money, guarantee assets, retirement assets, and investment assets.
11) Investing takes time and patience, understanding the role of compound interest.