How can we ordinary people achieve "financial freedom"?

In recent years, "financial freedom" has become a hot word. For ordinary people, the ridicule meaning of "financial freedom" is greater than its true meaning. For example, the price of vegetables rose in previous years, and everyone ridiculed that "I want to realize the freedom of vegetables as soon as possible"; In the past year, the price of fruit has soared, and many people shouted, "Let me experience the freedom of fruit quickly." Many people just talk and don't really think about how to realize "vegetable freedom" and "fruit freedom" and so on.

Financial freedom is a general word, which does not specify how much family assets can achieve financial freedom. However, there is a standard to measure financial freedom, that is, when a family wants to buy things and spend money, they will not worry about money; If you don't work for a day, your family's funds will not be nervous because of unemployment. Then, under what circumstances will family funds not be tight if they don't work?

Let's first analyze the source of family funds. Our income is divided into two parts: wage income and wealth management income.

Wage income is the last day's work, and every day's work will bring a day's income. In case of unemployment, it will be confiscated. We can also call it "active income" or "living funds". Wealth management income is to make more money through various investment channels, such as investment banking, bonds, funds and even entities. In this way, even if you don't go to work on any day, your money will still work for you and you will earn it when you lie down. We call it "passive income" and "Qian Shengqian". Seeing this, you may say, of course, passive income is good, and you can earn it lying down. How comfortable it is. However, obviously, if you want to "Qian Shengqian", you must first have "money", which is inseparable from the first step of "life money". Only by working and getting some original accumulated funds can we invest and get more benefits. When your passive income can fully support your normal family living expenses, you can proudly say, "I have achieved financial freedom." For example, if your family's normal annual expenditure is 200,000 yuan, you can get a return on investment of about 7% every year through investment and financial management, and 20/7% = 286 (ten thousand yuan). In other words, if you have no less than 2.86 million yuan for investment and financial management, congratulations, you have achieved financial freedom. Financial freedom is the dream of every family. Turning dreams into goals and achieving them depends on finding the right methods, step by step and unremitting efforts.

So, how can we ordinary people achieve financial freedom? I believe that through the following steps, we can continue to advance on the road of financial freedom. First, learn to keep accounts. Accounting is the best way to understand a family's asset structure, income and expenditure. There are more and more accounting software now, which is more and more convenient. For example, notebooks have various functions to meet the needs of bookkeepers. Through bookkeeping, you can clearly understand the source and destination of every sum of money at home, and it is also convenient for future inquiries. Bookkeeping is a serious matter. We can't fish for three days and dry the net for two days. Only by doing the accounts well can we do the following work well.

Second, study family budget. In your notes, you can set the monthly family budget at the beginning of each month, so how do you set the monthly budget? This is based on the accounting records of the previous months, and it is necessary to analyze which expenses are necessary and how many are necessary; What are non-essential expenditures must be controlled. Then according to the actual situation of the month, increase or decrease the funds. When the monthly family budget is ready, the later consumption will be based on the budget of the month, which can control a lot of impulsive consumption, commonly known as throttling.

Third, insist on resuming trading afterwards. After each month, check the income and expenditure of last month. In terms of income, which are accidental and which are sustainable? Anything that is unsustainable is not worthy of envy! What we value is sustainable income, and we need to grasp it more firmly in the future. In terms of expenditure, where is impulsive consumption? See if there is anything that needs to be improved to prepare for next month's budget.

Fourth, besides work, find a part-time job that suits you. You can use your own expertise or your own contacts to work part-time. Work and part-time job are two major sources of active income. Part-time jobs can not only get money, but also get an active life. Finally, learn to manage money. This is the most important link. Whether you can achieve financial freedom depends on whether you can manage money. Through the above steps, family funds are slowly accumulating. At this time, financial management becomes urgent. Financial management can make family funds grow rapidly in the form of compound interest. Ordinary people's financial management is based on stability.

So, how should we ordinary people plan our family finances?

First, ensure the safety of funds. At all times, we should put the safety of funds first. You know, all this money is hard earned by ourselves, and every penny is full of our blood and sweat. We saved our headmaster, so we saved Golden Goose. Although high risk and high return, when the risk really comes, our ordinary families simply can't bear the consequences of high risk.

Secondly, families should maintain proper mobility in case of emergency. So, how much is "appropriate"? According to the Standard & Poor's family asset allocation chart, a family should set aside at least 3-6 months of normal living expenses as working capital. We can put this money in the money fund or innovative bank deposits, which can not only enjoy the interest income far higher than that of bank deposits, but also ensure that it can be withdrawn at any time.

Third, configure appropriate insurance for each member of the family. In addition to social security, you can also add appropriate commercial insurance according to the actual situation of family members. Insurance is the guarantee for the sustained and stable development of the family. When disaster or accident comes, the family funds will not return to before liberation overnight.

Fourth, family financial management should be diversified. James tobin, the winner of the Nobel Prize in Economics, said, "Don't put your eggs in one basket", which actually tells everyone that in asset allocation, we should learn to reduce risks by diversifying investments. We can invest in bank financing, bonds, funds, stocks and even real estate. Diversification of financial management is not limited to varieties, but also includes the length of term, which can make financial management funds more flexible and adapt to family needs.

Finally, don't invest in areas you don't know. Investment cannot pursue "takenism". Never listen to others say that someone is making money and then follow others to invest money. This muddled way of making money will make you lose your principal sooner or later. If you want to make money clearly through financial management, you have to constantly learn financial management knowledge, so that you can go more steadily and further on the correct road of financial management. If an ordinary family can do the above, your family financial management is like a thriving seedling, which will bear rich fruits sooner or later. I believe "financial freedom" is not far away from you.

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