What is a healthy financial behavior?

However, the ups and downs of the rich in China in various rich lists are enough to show that personal wealth management should become a compulsory subject for the rich. Clearly understand the connotation of wealth management. A healthy financial management behavior should be: based on a clear understanding of one's objective situation and personality, rationally analyze one's needs and desires according to one's life stages, that is, different life cycles, make reasonable plans and arrangements for one's life goals, and manage one's wealth or financial resources (including stocks and incremental expected resources) comprehensively and scientifically with this goal as the guide. Formulate and implement feasible financial planning (including cash management, insurance planning, children's education planning, pension planning, real estate planning, tax planning, investment planning, asset inheritance planning), so as to better achieve their own life goals, and then reach the highest level of financial freedom and financial dignity. According to the different financial resources, it can be further subdivided into asset-liability management and income and expenditure management. People habitually confuse investment with financial management or financial management. In fact, although financial management will eventually show investment in financial interest-bearing products, please remember that financial management is not equal to investment. Rich people need to think about family financial problems and solutions. The products provided by financial service providers are only implementation tools for family financial problems. How to establish a healthy wealth management concept and code of conduct? Self-cultivation and self-improvement. The rich should not only ignore the cultivation of some subtle financial habits, but also pay attention to and cultivate good habits related to these principles from the basic principles of financial management. These basic principles include: frugality, living within our means, diligence, long-term savings as the goal, careful calculation, rational decision-making, proactive attack, grasping opportunities, brainstorming and diligent study. You can compare the following good habits, encourage them if you have them, change them if you don't, persevere and there will be positive results in the future. For example, we strive to maintain a balance of payments, often make budgets and arrangements for large consumption or long-term goals such as education, automobiles, real estate and travel, always compare optional items before each investment, understand our wealth distribution, often record our income and expenditure in writing, often make expenditure budgets, often check our financial situation, often acquire financial knowledge, often discuss investment and financial management with professionals or friends, often set regular investment quotas, and make careful decisions when purchasing financial products without sufficient information and time. Improve financial knowledge. The level of personal financial knowledge will affect their financial habits, ability to judge opportunities and information, self-confidence and dependence in financial management, financial decision-making ability, and then affect their comprehensive financial management ability. Therefore, those rich people who lack financial knowledge generally have two seemingly reasonable choices: one is to leave their wealth to expert consultants or family members; The second is to ignore its wealth and deposit most of it in the bank to avoid major wealth management mistakes. A more appropriate solution is: the rich who lack knowledge should try to consult expert consultants to improve their financial management knowledge. You can get financial knowledge through various channels, such as professional magazines, lectures, training, salon forums, and the Internet. You can also enrich yourself by learning from teachers, communicating with friends, and even taking the professional financial planner exam. If you really don't have time, you can ask your spouse or family to recharge. Know your financial personality. Different personal characteristics have different performances in financial management. Individuals can consider financial values and personality. It is suggested that the subjective effect of each goal on the family should be judged according to the individual's different wealth values, and then the priority level should be sorted, so that we can know whether we belong to quality life type, bird-loving family type, career fanaticism type or stable security type. Financial personality is a personal characteristic of the rich in the process of financial management, which has a great relationship with their personality and has an important influence on their financial decision-making methods, including privacy, independence and impulsiveness. China's traditional "hidden wealth" culture determines that most rich people think that the financial situation of private individuals or families is a very private matter. However, when major financial problems need to be solved urgently, some people are willing to provide their own financial data. Whether you make your own financial decisions or consult others has no obvious inevitable connection with whether the rich have time or professional knowledge, mainly because of their financial personality. Although some people are busy, they do it themselves in financial decision-making, and no matter how busy they are, they will not let others go. Some people only believe in their own abilities and feelings, even if the decision-making mistakes lead to losses, they will not entrust experts to take care of them. Understand your risk preferences and improve your risk management ability. Personal financial behavior and decision-making are often carried out in a risky environment. Taking risks requires extra income commensurate with the risks, otherwise it is not worth taking risks. The most common mistake people make is to focus on the comparison of returns, but turn a blind eye or pay little attention to the risks arising from it. Generally speaking, the rich pay more attention to unexpected losses than unexpected gains. Different people have different risk preferences for various reasons, so it is particularly important to know their own risk preferences. At present, many financial institutions provide customers with relevant risk appetite tests. I suggest that you conduct scientific tests in a serious and responsible manner, and then consider how high a rate of return you should expect after knowing your preferences. Moreover, professional service organizations will generally provide you with targeted strategies and suggestions after the exam, which is very beneficial for you to improve your risk management ability. This article is no longer cumbersome. In addition, you need to understand and try to use the main methods of transferring risks in wealth management. Use the goal-oriented wealth management strategy. Wealth management should take meeting and realizing life goals as its essence and principle, and oppose the "money slave" thinking that only regards wealth management as the fundamental goal of earning more wealth. Therefore, it is necessary to analyze the characteristics of the stage of life and the corresponding different life goals, maintain the balance between short-term goals and long-term goals, and evaluate the success or failure of each goal. Healthy wealth management must be rationally planned and arranged according to the life cycle objectives. Regarding the priority of financial management in different stages of life, we have designed the left table according to the universally applicable principle, and you can make appropriate adjustments according to your own characteristics.