Ten good advice on personal finance

1. Financial planners also have biases. Listen to the advice and make your own decisions.

2. Strategies are better than pure techniques The analysis is effective.

3. When investing, you should pay attention to your own tolerance. Investment is not gambling but for capital appreciation.

4. Extreme conservatism and extreme radicalization will both make you rich. Poverty. The former will make you lose to inflation, and the latter will make you lose to the market.

5. Economic cycles come and go, and survival is the most important thing.

6. Don’t do unrealistic things Financial management goals. For example, 100 yuan should be turned into 10 million within 5 years.

7. Pay attention to the ratio of expenditure and income, increase revenue and reduce expenditure.

8. Don’t forget about future risks and only focus on Remember that future income will increase. Uncertain factors must be taken into consideration.

9. Don’t take on unnecessary debt and spend too much ahead of time. Working for a bank will make you lose the opportunity to add value in the future.

10. No matter how smart or stupid you are, financial management can be successful, as long as your strategy is correct.

"Good advice" for family financial management

With the development of social economy , the financial awareness of urban and rural households is increasing day by day. There is no "one-size-fits-all" approach to family finance management, but some financial management concepts are worth learning from and can be regarded as "good advice" for family finance management.

Don’t borrow money from others, and don’t lend money to others. This is a wise saying from Shakespeare. Shakespeare wrote in the play "Hamlet": "Don't borrow money from others. Borrowing money from others will make you abandon your habit of frugality. Don't lend money to others. Not only may you lose your capital, If you lose money, you may also lose friends. "Today, our country's social security mechanism is not yet perfect, and there is no objective environment where advanced consumption is prevalent in developed countries. Therefore, family financial management should adhere to the principle of "living within one's means and consuming reasonably." As the saying goes: "Rescue the emergency but not the poor." If you rely on debt to survive, you will not have a good life. At the same time, never lend money to others unless you no longer want them to return the money. Because lending money to others, once the other party is unable to repay, will only result in losing both money and friends.

Don’t worry about private money. Financial management experts say that every family needs to establish a good financial management mechanism, implement open accounting and democratic financial management, thereby improving the transparency of the family economy. But generally speaking, the approach of "concentrating big money and spreading small money" can be adopted. Each member of the family should be allowed to have a little private money of his own, leaving enough room for everyone to use money freely. According to surveys, most families in our country currently hold an open-minded and tolerant attitude towards private money. Couples no longer make a fuss about private money, but regard private money as the family's "second finance", which is managed by each spouse. Free control, make up for the remaining shortcomings, everyone is happy.

Money that is reluctant to use means no money. There are many people in life who have savings in their families and money in their hands, but they are reluctant to use it and scrimp on food and clothing, leading to a very poor life and becoming a typical "miser". In fact, no matter how much money you have, it is in vain. Some old people usually live frugally and would like to break a penny in half and use it. When they are dying, they find that the old people have left a large sum of money. In fact, if they have money but are reluctant to use it and enjoy a good life, no matter how much money they have, it will be the same as having no money. Because money itself is just a symbol to measure the value of commodities. Only by using it and letting it circulate can its value be reflected. Otherwise, it means it has no value.

Money that cannot be used up cannot be counted as money. Some people have no end to their pursuit of money. For example, if he has accumulated one hundred thousand, he will think about hundreds of thousands; if he has accumulated hundreds of thousands, he will think about millions, or even tens of millions... Because of this, they will work hard to make money and earn more. money. In fact, for a person or a family, the use of money is limited. You cannot spend it endlessly, so some people say: "Money that cannot be used up cannot be counted as money." After understanding this principle, you will have a correct concept about money and a good attitude towards financial management.

Money is not everything, but nothing is impossible without money. As we all know, family life requires money, and improving the quality of life requires money... But compared with money, family life requires warmth and harmony, health and happiness. Therefore, family financial management requires us to establish a correct awareness of investment and financial management, ensure the balance of family economic income and expenditure, strive to increase income, make good use of money, and consume moderately, so as to make family life more colorful.

Soros’s eight golden words of wealth

1. The most important thing is character. Soros attaches great importance to the character of his partners. He believes that financial speculation requires taking great risks, and unscrupulous people are unwilling to take risks. Such people are not suitable for engaging in responsible, aggressive and high-risk speculation. Anyone who engages in risky business and cannot face the consequences is not a good player. In his team, the investment styles can be completely different, but the character must be reliable.

2. What did Drakenmiller learn from Soros?

a. It is not important to judge whether it is right or wrong. What is important is how much profit you make when you are right and how much you lose when you are wrong.

b. When there is an opportunity to make a profit, never shrink back. When you are sure about a transaction, give the other party a fatal blow, that is, it is not enough to be right, you must get as much as possible.

c. At the same time, he also realized that if the operation is excessive, even if the market judgment is correct, it will still fail.

3. Making mistakes is a source of shame for others. Therefore unwilling to admit mistakes. And for me, admitting a mistake is something to be proud of. I can admit my mistakes and forgive others for their mistakes. This is the basis for me to work harmoniously with others. There is nothing to be ashamed of in making mistakes. There is only shame in not correcting mistakes.

4. Don’t hold back when you have the opportunity to expand. If you make good profits at the beginning, you should continue to expand.

5. People’s understanding of things is incomplete, which affects the integrity of the things themselves, and leads to opinions that are contrary to popular opinions. Popular prejudices and dominant trends reinforce each other until the distance between the two is so great that a catastrophe is inevitable. This is what you need to pay special attention to, and it is at this time that a sharp rise and fall are most likely to occur.

6. Incomplete cognition==gt; human beings make mistakes==gt; reflection theory==gt; skyrocketing and plummeting theory.

7. On December 8, 1985, I wrote in my diary: When I am convinced of something, it is like I have witnessed everything about it, and I can see as much as I want. wishes.

Comment: This trick of the master is called "psychological rehearsal", which can greatly relieve the inner tension when holding large positions. It is a necessary character for a winner.