What's the difference between managing money and not managing money?

How different will life be between managing money and not managing money? I want to give my answer first. I think people who can manage money are more likely to live a happy life.

Next, I will talk about it from four aspects.

1. People who manage money know how to spend money better.

In fact, financial management is nothing more than spending money and making money. Let's talk about spending money first.

There is a formula: the price you are willing to pay = intrinsic value+external premium.

External premium is the so-called money spent "envied by others". People who manage money can often distinguish between intrinsic value and external premium, and spend money wisely.

I hope you can remember that spending a sum of money, what you like is more important than what others think.

2. People who can manage money have a more planned life.

Financial management is to manage life, and financial management can inspire various plans of life.

Set a goal first, then understand your current situation according to this goal, see if you can achieve the goal according to your current situation and progress, and finally correct the differences and reflect them in the next behavior.

Constantly practicing financial planning will make your work and life more organized.

3. People who manage money are more self-disciplined

There is a saying that is widely circulated. Self-discipline gives me freedom. Self-discipline is usually the opposite of our instinctive reaction. For example, we must stay in bed in winter, and people will instinctively avoid some difficult things.

Give an example of financial management. So far, there are more than 4,000 branches of publicly raised funds. In the past 12 years, all Public Offering of Fund (including money funds and bond funds) simply averaged their annual returns without considering the scale factor, and the annualized rate of return was about 16%.

But we often find that most people lose money. Why?

The average term of China investors' investment funds is six months, so it is easy to chase up and down. In the face of real money, you can still keep your anti-human reason and enjoy the fruits of happiness behind you.

People who can manage money will have more money.

Finally, to put it bluntly, people who can manage money will have more money.

Fundamentally speaking, financial management is for a beautiful and happy life, and having money is just one of the important results we get through financial management.

Generally speaking, people who can manage money are more likely to have a happy life. Investment guru Charlie Munger once said, I want to share it with you here. The surest way to get what you want is to make yourself worthy of it. * * * Whatever you want.