The troubles and doubts of high net worth people

There is a joke: you are very happy now, because you only have one worry-"no money"; When you have money, you will have more troubles! With the growth of wealth, there are more and more troubles for high net worth people. Different groups have different troubles, and different troubles come from different levels of society. Where is the root of the troubles of the rich? This paper will discuss the problems and solutions of entrepreneurs, corporate executives, full-time wives and remarried families.

Thirty years ago, "ten thousand households" were still rare, and billions of assets were even out of reach. Now, million-dollar families can be found everywhere in China. With the growth of wealth, there are more and more troubles for high net worth people. The more successful people are, the more things they experience.

Success is not equal to happiness. Different groups have different troubles. Different troubles come from different levels of society, including politics, law, economy and family. According to the characteristics of high net worth people and the problem of social concentration, we divide these people into four categories: entrepreneurs, corporate executives, remarried families and full-time rich women. What are their troubles? How to solve these troubles? Throw a brick to attract jade.

The first kind of entrepreneurs

This group consists of the most successful 20% people from all walks of life. They hold 80% of the wealth of every industry. However, the reality is cruel, money has no fixed owner, shopping malls are like battlefields, and entrepreneurs will bear the severe test of the next decision at any time. They are the hardest group of people and have a lot of pressure. Many risks beyond their subjective consciousness may haunt them at any time. Policy risk, loan risk, business risk, tax risk and even marriage risk, inheritance risk ... The uncertainty of the future often makes them anxious.

When I am with entrepreneurs, I usually discuss the following issues with them:

You are doing so well in your industry. Are there any unforeseen emergencies that happen to your colleague and make his business difficult? What would you do if it happened to you?

Does your enterprise have a bank loan? How can you separate family assets from business assets?

Can you guarantee that 100% of the money you earn now will belong to you in the future? You can give it to whoever you want.

Many people are trying to make money, but few people care about how to keep the money they earn. In fact, saving money is as important as making money, or even more important.

suggestion

1. To avoid business risks, you can lock assets with insurance. If there is a risk that endangers the life and death of the enterprise, there is a second start-up fund, which is not affected by debt.

Most enterprises have loans and mortgages in banks. Some entrepreneurs let their wives be lenders, and the responsibilities of families and enterprises are mixed, which is very risky. If you can lock some assets with insurance, let your lover be the insured, reserve funds, and cancel the joint liability of your spouse, it will be safer and will not involve your family.

3. The introduction of property tax and inheritance tax in the future will make many families unprepared, so it is very good for customers to plan early, take precautions early and preserve the value of assets in the future.

The second type of enterprise executives

A professional manager in a first-tier city asked me: I am 40 years old now and have 20 million cash. Is it poor?

20 million, has reached the standard of junior rich set in private finance course, but what is he worried about? What are you afraid of?

Professional managers have stable income and sufficient cash flow, but at the peak of income, they will reach an annual salary of one million at the age of 35, and they will have to pay 15 at the age of 50. A seemingly brilliant career is actually very short and limited.

People's physical strength and energy are also limited. Work is actually to exchange physical strength and energy for income. If you don't work, your income will not last. Professional managers seem to have money, but in fact they have unlimited desires. They are used to a high-quality life and like to invest in high-yield projects and earn more money. In fact, they want to realize financial freedom and life freedom as soon as possible. Their own future debts are very high, including food, clothing, housing and transportation, children's education, elders' support, medical expenses, old-age care, various loans and so on. And the high risk of their positions makes them feel insecure about the future.

Scientific financial management tells us that to achieve real financial freedom, the core is to keep the principal, keep your principal value and increase its value, and make your passive income greater than the decent living expenses. Making money is ability, and keeping money is wisdom. To achieve real financial freedom, we really need "keeping" and "preventing".

Let's think about a few questions together:

If you put all your assets into your own investment channels, you will get high returns and high risks. You should have both offensive and defensive skills, with forwards and defenders. In case the investment fails, can you guarantee that your hard-earned money will be yours in the future?

After the promulgation of the national Property Law, what kind of obligations should you undertake while ensuring the specificity of your assets? What will be the future policy?

In foreign countries, the inheritance tax was promulgated five years after the promulgation of the property law 10- 15. What we have to do now is how to turn explicit assets into implicit assets and fixed assets into current assets. So be forward-looking, and don't wait until the tax policy comes out to find it is too late.

Your high position must be under a lot of pressure, right? It is said that the higher the position, the greater the risk. Has anything happened to a supervisor at the same level like you that you didn't expect?

suggestion

1. Recommend family trust insurance. Global CRS has a great influence on the rich. Different countries have different tax policies. Family trust insurance can be planned well before going abroad to reduce the risk of shrinking wealth. The low cash value of this policy may be an advantage.

2. Only by making definite plans for the future through insurance and preventing several major life risks: death risk, medical expenses, pension planning and property specificity brought by marriage risk can financial freedom be realized.

The third remarried family

According to official data, the divorce rate in China has been increasing continuously for 12 years, and more than 40% of them filed for divorce within three years of marriage. With the increase of divorce rate, remarriage occurs frequently, family relations become more complicated and economic problems become more privatized. Both remarried parties have their own money and property, and each has its own deposit or debt. One party often feels uneasy about the financial burden that the other party has caused to the original children or parents, and sometimes quarrels about it. Because remarried couples have failed marriages, the stability and trust of marriage are not strong. They are more reluctant to disclose money to each other than others. What they want most is to leave money to their children in the future to make up for their emotional deficiencies and make them live better, but they don't want to be affected in the distribution of property.

In view of the high net worth life of this kind of special family, we need to know several questions:

1. Do you want to leave more money to your children, or do you want to share your wealth with the children of your remarried spouse?

Have you made a will for yourself? There are also many problems to be solved in making a will. How to avoid complicated procedures? The problem is coming. For the people you care about, there will be many sequelae and a lot of confusion, which must be considered in advance.

When your child has marital problems, how can you ensure that the money you give her is for her alone? If there is an accident, can the money still flow home?

suggestion

1. If the family structure is complex and there are many family members, and you don't want to distribute these assets evenly, you can make implicit distribution through insurance.

2. For example, there are ten houses and two children, each child has three sets, and the remaining four sets become insurance assets, and then each of them is given 30 million and 70 million. In this way, the average division of assets and the directional inheritance of hidden assets become very obvious. Through insurance, you can leave the money to the person you want to give it to in the future, and the economic control is in your own hands, which can also avoid the tax problem and the problem of children wasting money.

The fourth kind of full-time rich woman

Once a woman becomes a full-time wife, it means that all the expenses of the family depend on men. Economic status determines social status and family status. Because stay-at-home wives are too dependent on men economically, it is easy to develop male chauvinism.

Stay-at-home wives worry about their husbands and children's meals and their children's academic problems every day. Therefore, they basically live a life in the food market, children's school and home every day, and dedicate all their love to their husbands and children.

The ideal state is to find a man who can never leave. But life is like gambling. Some stay-at-home wives won, while others lost miserably.

Once a stay-at-home wife meets an unfaithful husband, she will be quite passive. Just like Luo Zijun in My First Half Life, she and her children were eventually driven out of the big house to find their own way out, even if her husband cheated first, there was no capital to restrain her husband. Luo Zijun is lucky to have so many people to help her, but those are stories from TV series. In reality, who will help you?

The biggest fear between husband and wife is the generation gap. The distance between a successful career and an idle full-time wife is getting wider and wider. When there is no language between husband and wife, only years of conjugal love are left to maintain the marriage, so that both sides are unhappy.

What a stay-at-home wife needs to think about most is:

1, you take care of your family wholeheartedly and pay a lot. This is also a profession, but do you know it is a very dangerous profession? Can you guarantee that your lover will not be tempted by the outside world? How's the money going?

Children depend on you to take care of their families when they are young. When children grow up, where is your value?

Will your mother support you when you want to take care of her family? Will you always support it? What if it is a lot of money?

In Taiwan Province Province, the proportion of women investing in personal financial assets is: insurance 36%, deposit 38% and investment 26%.

Marriage in Seven Lonely Days is a combination of two themes. Although there is a marriage certificate as a guarantee, this guarantee is not firm and will change because of one party's breach of contract. Therefore, being a full-time wife is actually the most dangerous occupation.

A woman's happiness depends on herself, and she must be fully prepared when she is young. You must have a "meal ticket" that you can eat for a lifetime-an insurance policy. Regardless of illness, accident, pension and future living expenses, every kind of protection will accompany you all your life, just like your second husband, who will never abandon you. The more you get into trouble, the more you really feel it.

This "meal ticket" is still expired. Because the insurance contract begins and ends, if the woman is the policy holder, any marriage change will not change the content of the insurance contract.

suggestion

1. Let Mr. Wang give you a definite future and buy enough insurance and savings products; Buy enough insurance for your husband, and the beneficiaries are you and your children; Buying insurance for children and giving them a certain future are actually the best embodiment of their responsibilities as wives.

You should go out to study, including financial planning. Your husband is trying to "open source" outside, and you should learn to "cut down" at home to help him make money, so your value will be reflected.

3. Be a full-time wife and take care of money. But when you go to Qian Shengqian, you can decide how to spend the money you earn.

To sum up, the troubles of high net worth people all come from uncertainty about the future. To solve the fundamental problem, we must plan ahead and give ourselves a safe and certain future. This goal can only be achieved through the financial instrument of insurance.

When you understand and apply insurance from the overall wealth framework, you will understand that the value of insurance lies in being the bottom support of asset allocation, which is equivalent to a wealth safety mat. With this safety mat, losses caused by various unexpected risks can be avoided, and other functions of asset allocation can be supported.

Bottom line: insurance can use certain funds in a certain way, at a certain time and with certain people to achieve certain goals and inherit their wealth according to their own wishes.