The eight golden periods of financial management in life, have you missed them?

In this new era of rapid economic development, everyone will not be afraid to talk about money. In the past, talking about money hurt feelings, but now you need to have money to talk about feelings? Therefore, everyone wants to make more money. There are definitely not a few people who are desperate to make money, and there are very few who are willing to manage money. However, when you want to manage your finances, you find that you have missed the best time. Okay, today, let us talk about the ten major financial opportunities in life.

01

The first is the budding period. It is the period before our secondary school. During this time, our financial resources are coming from our family members or relatives. This money is basically negligible, and it won't be of much use even if it is saved. So the suggestion is that you invest in your hobbies, what you like to do, and what you like to invest in. To put it bluntly, just do what you want.

02

The second is the ignorance period that is, after the secondary school period and entered the college period. For this period of time, we are actually ignorant of financial semi-liberalization. Part of the source of income is still obtained from home, or from a part-time job outside. The financial resources during this period can do something, and here I am here to suggest that you make a life plan for yourself, and then use the money to find a training class that you like and be interested in, so as to enrich yourself so that you can have a good skill when you enter and leave the society.

03

The third is the shell-breaking period. At this time you have entered the society, bid farewell to the school days, become a member of society, and also a member of the workplace. You have survived the low-paid internship period and passed the probation to finally become a full-time employee. However, there is still not much money. At this stage, my advice to you is to learn how to plan your financial structure, you must develop a good financial management habit, and persevere, don't be a Moonlight clan. When you enter the workplace, you are easily influenced by the outside world, and you go back to blindly pursuing ridiculous things. It is inevitable that a person wandering outside will encounter tricky things and the family cannot help in time, so developing a good financial management habit can benefit you throughout your life.

04

The fourth is the development period, which refers to the period from the beginning of work to marriage. During this time, we have gained a certain amount of savings and self-confidence. Suggestion is to choose investment and financial management wisely.

Insurance: accident insurance, medical insurance, etc.

Investment categories: P2P financial management platforms, stocks, funds, etc.

05

The fifth is the maturity period, which is the period during which you are married. At this time, you will consider buying a house, buying a car, starting a family, and many other things that will generate economic consumption. During this period, suggestion is to leverage on the loan amount, which is reasonable. The amount of loan is also a financial management tool. It is better to save some spare money to invest in financial management than to save money to buy a house in full, so that money can make money.

06

The sixth is the stable period. At this time, the family is almost stable. At this time, your family has a new member, a child, and the cost of raising a baby is not small. At this time, we recommend  that you avoid the stock market. For a high-risk investment, you can choose less risky financial management methods to ensure that children can grow up healthily without the pressure of family economic problems.

07

The seventh is the stressful period. During this period, it can be said that there are old and young children, the tuition and living expenses of children, the living expenses of the elderly, medical expenses and so on! During this period, suggestion is to choose a stable financial management method..

08

The eighth is the relief period. At this time, the child no longer needs you to raise, and the money on hand is more generous, just do within your means.

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Thoughts after 30 years old

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The fundamental reason why most people can’t save money is not because they spend too much, but because they lack a sense of crisis

01

As life is unpredictable, we are all worried.

I remember the fables of squirrel and crow when I was young. Winter is coming, squirrels have been actively hoarding pine cones looking for food, but crows are lazy to go and find food. When winter really comes, squirrels have food for the whole winter, but the crow has nothing, thus it can’t withstand the cold winter.

In fact, we have long known the importance of preparing in advance, but I don’t think most people think that they will become that miserable crow.

And many people cannot save money not only because they earn less and spend more, these are just behaviors, but the way of thinking is the most important.

Because they can't think of the consequences of not saving money, life has not yet staged this scene for them. Maybe he won't be a crow, but he may be a frog slowly cooking in warm water, bewildered by the comfort of the moment, forgetting the danger that might come.

02

There was a girl on the Internet who shared her own story: Worked overseas for more than ten years, single, is now a glamorous office lady in the workplace, did not buy a house but rented a house for 7,000 per month, flown around the world , live in first-class star-rated hotels. This girl plans to take the initiative to resign and take a two-year break before 2020.

She earns a lot. After all, not many people can afford a monthly rental cost of 7,000, but the girl never expected that after resigning, she would encounter a rare epidemic, and due to her nature of work and not having enough savings, she immediately faced a cruel financial crisis.

Almost all savings have been spent in the past two years. She sold all the jewelry bags and was considering whether to sell the high-end car that was still repaying the loan.  The glorious and glamorous experience in the past is worthless at this moment.

It’s not impossible to start from scratch, but it’s difficult to change from extravagance to frugality. She has to re-set her mentality to set off again.

At the beginning of covid19, we were a little frightened.

But only we ourselves know that the reserve funds we have to save are far from enough in order to fully meet our expenditures. 

Therefore, in life, there must always be a bit of anticipation of the future and a sense of crisis to react to the unforeseen.

03

Young people nowadays are easy to fall into overwhelming consumerism. Of course, it is understandable to spend their own money to live a better life, but it is also terrifying to pay too much attention to the immediate satisfaction of the present and not to make long-term plans for the future.

Moreover, the processing of consumer loans and credit cards makes early consumption very easy. If you overdraw tomorrow's money, will you be able to earn it back in the future? Maybe not.

Before buying anything that is not necessary, you might as well ask yourself a few questions:

1. If there is an emergency, are you able to fork out the money?

2. If you suddenly lose your job and cannot find a suitable job for three or four months, can these things be sold for money? Are there any savings to support this tough period?

3. If you or your family members suddenly become ill, can the treatment cost be covered?

If the three answers are no, then every decision not to consume is to delay gratification.

The sense of crisis is that you have to know what you want in the future, or vice versa, know what you don’t want in the future, so you have to do something now.

When there is no good way, stubbornly saving money is the best way. It feels easiest to spend when you save 300 or 500. A new mobile phone or tablet, and a slightly more expensive luxury bag can empty the bank account, but there is a sense of frustration that it feels too little to be saved or there is no need to save it.

Don't give up at this stage, grit your teeth and stick to it. When the deposit reaches 10,000, many people will start to feel a little bit reluctant to spend. For the Moonlight Clan, it is a sense of accomplishment.

Later, I gradually got used to the feeling of saving money, and I saved up to 20,000 and more. Seeing the base making money.

When it becomes more and more, it becomes easier to save money. Because your mentality has changed, your outlook on material desire has changed, and your outlook on consumption has changed.

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Thoughts after 30 years old

01

Last month, due to the company’s manpower reshuffle, I was transferred to a new department. I will have lunch with my colleagues in the department occasionally. They paid about 5 bucks for lunch every day. What surprised me was that even though they were saving so painstakingly every day, they did not manage to save much at the end of the month. Therefore, after the age of 30, the ability to make money is more important than saving money.

How to improve earning power?

02

Expand sources of income

Nowadays, a single income has been unable to meet our living needs. Even though we are saving money, we need to spend to solve the economic difficulties of the family.

Therefore, to expand the source of income, even if the income is not much. For example, I started blogging.

Reasonably control expenses

We all know that if we don't make conscious savings, no matter how much money we make, we can't save it. If we want to have a better life in the future, we have to start saving now. Controlling your own expenses and avoiding unnecessary expenses is the real thing.

Of course, many times, you may consume unconsciously, so you need to form a habit of spending money. For example, when you first buy something, you can make a shopping list.  When you go shopping, you will find that in addition to it being highly efficient and time-saving, sometimes you may not even want to buy the items on the list. In fact, this is also a way to control your expenses.

Travel

Preparing for the future

Only if you have a plan in your life can you lead a calm and perfect life, plan for your future, and leave enough money to secure your future life.

For example, make a house purchase plan. According to this goal, you will find that the motivation to save money will be more motivated than just saving money, and in the process, the earning power will gradually increase, because when one has a goal, one will hope to complete the goal early.

Improve professional ability

The most important thing that affects your ability to make money is professional ability. No matter which profession you are in, you should have professional ability that you can tap on.

Just as chefs must continuously improve their cooking skills, designers must continue to learn the ability to appreciate. Therefore, if you want to improve your earning ability, you need to continuously improve your professional ability.

After the age of 30, you will find yourself getting more and more stressed. If you want to get rid of the pressure, you need to do the above 4 points to speed up the realization of financial freedom and reach the pinnacle of life.

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