What is financial management?
Financial management for the property (including tangible and intangible property = intellectual property) management. Used for personal business personal property or family property, refers to the individuals or organizations, individuals or organizations the current economic conditions, want to reach the economic goals set within the time limited to one or more classes of financial investment tools, through a variety of ways to reach their economic goals, plan, plan or solution in the concrete implementation of the plan program process, also known as financial.
, the meaning of [financial]
the word commercial banks, retail business is increasingly richer and the public in general revenue increased year by year, insurance, etc. belong to the personal assets species; personal housing mortgage loans, consumer credit is a matter of personal liabilities varieties.
two, what is financial management in general people are talking about financial management, thought is not an investment, is to make money. In fact the financial management of a wide range of financial management is life management of fiscal, that is, cash flow and risk management of individual life. contains the following meaning: the
① The financial management is a lifetime of financial management, not solve the pressing problem of money.
② The financial cash flow management, every person born in need of money (cash outflow), also needs money to generate cash inflow, so regardless of whether the money now, everyone needs a financial.
③ The financial management also covers risk management, because more traffic in the future with uncertainty, including personal risk, property risk and market risk, will affect the cash inflows (income interruption risk) or cash outflows (the cost of the incremental risk).
[the range of personal financial management
(a) to make money - income
lifetime income includes income from work arising from the use of personal resources and the financial income generated by the use of pecuniary resources; income from work is to make money, financial income is the money to make money, which shows the scope of financial management than to make money and investment are also wide. contains:
① work income: including salaries, commissions, work bonuses, self-employment income.
② financial income: interest income, rental income quicken, dividends, capital gains, and so on.
(b) money - the expenditure
life expenses, including individuals and families from birth to his home’s living expenses, and financial expenditure due to the use of investment and credit was there expenses home to have the burden of the main purpose of making money is to cope the overhead of the individuals and families including:
living expenses: including basic necessities Recreation medical and other household expenses.
financial expenses: loan interest, to protect type of insurance premium expenses, expenses of investment procedures.
(c) to save money - the assets
current income over expenditure when there will be savings generated, and each phase of the accumulated savings assets, which is to roll of money, to help you the money generated investment income of the principal human resources can not continue to generate revenue to rely on money resources in old age financial income or realization of assets needed to cope in his later years. contains:
① Emergency Reserve Fund: retain the sum of cash for the unemployed or for contingencies.
② investment: can be used to breed financial income investment portfolio of instruments. the
(3) real estate: buy-occupied housing value in use, car, etc. the assets.
(d) to borrow money - liabilities
when cash income can not cope cash expenses need to borrow money, borrow money may be due to temporary make ends meet, the purchase of long-term use of real estate or car appliances, as well as be used to expand credit investment. borrow money did not immediately repay the accumulated into liabilities according to the remaining balance of the liability to pay interest and repay the loan before the expenditure of each phase in addition to consumption, as well as the financial interest on the principal amortization expenses. contains:
① Consumer Liabilities: revolving credit such as credit card, cash card balances, hire purchase and
② investment liabilities: such as margin deposit to play the financial leverage to borrow money to invest. < br> ③ own assets and liabilities: such as the acquisition of personal use assets required for housing loans and car loans.
(5) to save money - tax saving
in modern society, not all income can be used to cope expenditures, income to get their income tax, the sale of the property to get their property taxes, transfer of property to get their gift tax or inheritance tax, and therefore legitimate to save income tax cash flow planning, how the legal transfer of property, planning to save gift tax or inheritance, but also become an important part of financial management in high-income individuals to become financial primary consideration, including:
① Income Tax planning
(2) property taxes, tax savings planning
③ The property transfer tax savings plan (the overseas using more pre-project, has to prepare the introduction of the Estate Duty Act, everyone should prepare as early as)
(6) protection money - insurance and the Trust
care money the focus of risk management, refer to do insurance or trust arrangements in advance, so that human resources or existing property to be protected, or when the loss occurred to compensate for the loss can get financial functions of the insurance when the accident the family cash income can not cope with current or future expenditures. still have a sum of money or benefits to bridge the gap, reducing the impact of unexpected payments imbalances in the journey of life to make up for the persons or things loss of life and property and casualty insurance protection, you must pay a certain percentage of premiums, once the insured event occurs, the financial income generated by the claim payment can replace interrupted income to meet living expenses for families or bereaved families, or claim payment to repay the debt to reduce the financial interest expense. In addition, the trust arrangement of the trust property is independent of other private outside the property, not subject to the recourse of creditors, protection of existing property from the loss of function.:
① Life Insurance: life insurance, medical insurance, accident insurance, disability insurance.
(2) the product of the insurance: fire insurance, liability insurance
③ Trust.
[financial planning steps and core]
first step, review the status of their own assets, including the stock of assets and future income expected to know how many fiscal management, This is the basic premise of the second step
, set financial goals. from a specific time, amount and description of the goal of qualitative and quantitative geography clear financial goals. third step
, clarify risk appetite, what type do not do not consider the assumption of the risk appetite of any objective circumstances, for example, many customers all the money on the stock market, without taking into account the parents, children, without taking into account family responsibilities turbotax for mac, this time his deviate from the range he can afford to risk appetite fourth step
, strategic asset allocation. in all of the assets, asset allocation, and investment products, the choice of investment opportunities. core of
financial planning The process of matching assets and liabilities. asset is the stock of assets and income-earning capacity, future asset liabilities, family responsibilities, to support parents to raise their children for school. the second goal, goals become the liabilities have a high quality of life, your assets and liabilities of the dynamic matching, which is the core concept of personal finance. the
[financial investments hot]
, financial investment can be described as hot spots numerous, summed up in eight:
fried gold:
since banks in the introduction of specific investors’ attention and favor, especially the last two international gold prices continued to rise can be predicted that with the gradual opening of domestic gold investment, gold demand growth potential is enormous, especially after 2004, the domestic gold price of the jewelry will gradually one price fee changed the price of fees separation, gold jewelry consumption tax of 5% is also expected to be canceled, these will greatly promote the upgrading of the gold investment amount of fried gold business will also become the field of personal finance one of the highlights, really stepped into the golden era of the finance and investment.
Fund:
since 1997 the first closed-end funds successfully issued today, the Fund has always been respected domestic individual investors to the fund has been significantly more than the deposit, Aspect in the finance and investment priority. According to the data, this fund net nearly 200 billion , accounting for more than 10% of A shares in circulation level, many investors are still very optimistic about the stability of the income of the Fund , with less risk and other advantages and features, by the Fund’s investment in order to obtain the ideal income.
stocks:
the domestic stock market capital supply and demand situation is relatively optimistic, capital-driven stock market hit a booster coupled with the performance of listed companies, the SFC calculation, the amount of financing proposed more stringent requirements to strengthen the regulation on the stock market, which will give investors the opportunity to profit, but anyway, largest stock market is characterized by uncertainty, opportunity and risk co-exist. Therefore, investors should continue to remain cautious, saw the opportunity to invest again.
government bonds:
2005 bond market innovation, not only increase the national debt varieties, the majority of investors have more choices and new to try and reform the issuance of treasury bonds to further enhance the level of the market for government bonds issued in order to minimize the interference of non-market factors. the secondary market of government bonds will be the focus of development. Thus, this series of innovations in government bonds, is bound to bring more investment options and greater profit margins for investors.
more than a savings as a traditional way of managing money, has long been ingrained in people’s thinking. most of the residents are still savings as the first choice for financial management. the one hand, foreign capital inflow momentum was still strong. ’s basic money supply increased; the other hand, the Government taken in order to appropriately control the price index and the rising rate of inflation, rising interest rates means, coupled on the floating range of interest rates to further expand the interest rate rise will stimulate the increase of savings.
Bonds:
Recently, the bond market is hot is unexpected. There are indications that the 2005 bonds issued by enterprises still speed possible, Convertible bonds, floating rate bonds, subordinated bonds and so will people may become a good investment products subordinated term debt included in supplementary capital coupled with the CBRC, constitute to be added to the capital of commercial banks to borrowers, in contrast, the bond market will once again hot, play a role in fueling
foreign exchange: the
recent exchange rates continued to decline, more and more people through personal foreign exchange trading, a significant amount of money, but also to the foreign exchange market was extremely strong. a variety of foreign exchange financing varieties have also introduced such as foreign exchange currency through commercial banks, banks and the Agricultural Bank of treasure, the Construction Bank of Su Huitong for investors to choose, our government will continue to adhere to the principle of stability of the Renminbi to take the hook and increase of RMB and foreign exchange foreign exchange autonomy, and other measures to promote the healthy development of the foreign exchange market. Therefore, the expert analysis, and space for profitable investment in the foreign exchange will be more opportunities will be more
Insurance:
other tepid compared to the insurance market, the income class of insurance, once launched, will be highly sought after people. more general varieties of-income insurance, which offers insurance the most basic security function, and can bring a lot of money to investors the proceeds can be said to protect the investment a win-win. Therefore, the purchase of-income insurance is expected to become a new personal finance and investment hotspot.
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