The level of risk is relative, the difference lies in the level of perception and experience.
Buffett paid $592 million for Coca-Cola.
With such a huge investment, our guru didn’t hesitate to make the decision in a matter of minutes.
But Buffett is a legend.
The name of the investment master comes from decades of unremitting learning, thinking and summarizing. It can be said that investing and managing money is a constant battle.
Are you ready for the hard battle of learning?
Managing money without goals is like running a long race without an end.
If you don’t see the end, you’ll just be left wondering.
Set a realistic financial goal for yourself, and as you become familiar with the path, you can gradually increase it. 2 Write something down in your mind.
Once written down, the data will no longer occupy your brain’s memory space.
Over time, you’ll find that you can precisely control your spending, from visually keeping track of your accounts to declaiming your assets to budgeting and setting goals based on your actual income and expenses.
In this way, after developing good consumption habits, controlling expenditure is no longer the main purpose of accounting, but the exact background of income and expenditure statistics 3 Asset allocation Asset allocation is the core and key part of financial management.
After you’ve accumulated a certain amount of savings through the first few steps, you can start planning your money.
First, an emergency reserve fund should be maintained, that is, 3-6 months of total monthly expenditures should be prepared as an emergency fund that can be immediately appropriated in the event of an accident.
This emergency Reserve fund is preferably stored in the form of a “demand deposit plus fund” for easy access.
For the average household, asset allocation is all about maintaining principal, managing risk, and increasing the value of wealth on top of that. If you want to keep your overall investment on an even keel, you need to get the right ratio.
Take half your savings, keep it smooth, have a balanced attack and smooth revenue.
In turn, choose stable financial products, such as the government-approved Private Financing Registration service Center in Zhanggong District, which is expected to have an annual income as low as 10.8 percent and does not charge any commission. Protecting income and paying monthly interest is not so much financial planning as a guarantee for future life.