millionaire's eight steps!

friend asked me to help finance the knowledge on, we learn much though, but never learned financial management. Read articles on-line knowledge of financial management want their help. People in this life, not just to financial Why? His words, not right.
the experts pointed out that, in fact, from three years old, through six stages, strict compliance with the eight steps, you're not far from the millionaire, well, now see if you are poor or rich, right?

personal finance decisions from the age of three-year-old life - personal finance from the age of three, do you believe this?
Western education experts believe that children should begin 3-year-old economic awareness education, primarily to teach financial literacy, and has developed educational programs for all ages:
3 years: identify coins, understanding currency, bank notes and coins.
4 years: learn to use the money to buy simple items such as brushes, bubble gum, small toys, small food. Best of family members, to prevent business trick children.
5 years: figure out that money is received remuneration of labor and the right to exchange goods for money activities.
6 years: the larger the number of money can start saving money to study and train \
7-year-old: to watch commodity price tags, and compared and their own money, to confirm whether their purchasing power.
8 years: know how to save money in the bank account, and try to earn their pocket money, such as selling newspapers, to the leaders get paid to buy small items.
9-year-old: You can use the money to develop their own plans, and able to bargain shop, learn to transactions.
10 years: know how to save change, when necessary, can buy more expensive goods, such as skates, scooters and so on.
11 years old: evaluation of commercial advertising to learn, discover cheap goods, and a discount, discount concept.
12 years of age: cherish the money, that hard-won, to save the concept.
12 years of age, while adults can participate in commercial activities and financial management, trading and other activities.
by the above plan, we can see Western society's economic awareness education on the deer more value,discount ugg boots, which the West developed commodity economy. To do this we can obtain the following inspiration.
(1) money and the daily inseparable, deer observation strong ability to give back the money generated by other things, because money can give direct benefit deer and interests. Parents could visit several stores with a deer, will firmly establish the usefulness of money in the hearts of children.
(2) money, knowledge and moral education are closely associated. Children understand the money should be earned through work, we have the psychological care of the money, cause saving behavior, to avoid wastage. Students in some schools in our country do not value money, any extravagance, and lack of financial education. According to reports, popular primary school students gather in Wuhan, \
(3) know how to save money, plan expenditure is a good habit. Will grow up to contribute to the economic work in accounting. Know to make money to cultivate the spirit of independence. Rockefeller Foundation Rockefeller, founder of the United States in his childhood, his grandfather gave him 10 cents a week pocket money, to check whether to increase the weekend, forcing small Rockefeller to the streets selling newspapers,ugg white, to develop the concept of labor to make money.
appears to have little Rockefeller's childhood is not only his future as a commercial giant, very significant, but also for the economic education of our children also have reference.
(4) through financial education, understanding of commercial society, culture sense of participation and sense of competition, breaking the traditional concept of the shackles of financial education, change their thinking, to prepare future students into the community.

all six stages of life, financial management solution

human life, economic independence from the beginning, we must carry out the project financial management. According to various stages of life, living conditions,black ugg boots, how do we effectively avoid the risk of financial activities,ugg boots, while doing various periods of life, financial planning? In general, the process of financial life to experience the following six periods:
a single period: to work to get married before (2 to 5 years)
Financial Highlights: The period did not have much family burden, energetic, as for the future of home accumulation of capital, so the focus is to finance efforts to find a paying job in future. Can also produce some savings for high-risk investment, finance and investment objective is to learn from the experience. In addition, because this time the burden lighter, and relatively lower premiums for young people can buy some life insurance for themselves and reduce the revenue loss due to accident or burden.
investment advice: 60% savings can be invested in risky, long-term high return stocks, funds and other financial services; 20% choose to save regularly; 10% of the purchase of insurance; 10% deposit for the current savings, to prepare from time to time required.
fiscal priorities: financial plan section of asset enhancement program → → → Emergency Response Fund acquisition of housing
2, the family formation stage: marriage to the child before birth (1 to 5 years)
Financial Highlights: This period is household consumption peak. Although the increase in income, life stabilized, but the family's basic or simple. In order to improve quality of life, often have to pay a larger home construction costs, such as buying some of the more high-end household items, monthly house purchase loans. This stage should focus on reasonable financial arrangements for the family construction expenses, the slight accumulation, you can choose some of the more radical of financial instruments such as the partial stock funds and stocks, in order to obtain higher returns.
investment advice: You can accumulate 50% of funds invested in equities or growth funds; 35% invested in bonds and insurance; 15% reserved for current savings.
fiscal priorities: acquisition → acquisition of the housing section of the Financial Plan → Hardware → contingency fund
3, family growth stage: birth of a child to college (9 ~ 12 years)
Financial focus: the family's largest expenditure is children's education costs and health care expenses. However, with the ability to enhance children's self-care, parents can experience the proper conduct of investment business, such as risk investment. Insurance fund should be emphasis on education, parents themselves protection.
investment advice: 30% of capital can be invested in property in order to obtain long-term stability of the return; 40% invest in stocks, foreign exchange or futures; 20% of the investment bank deposits or bonds and insurance; 10% of current savings to prepare families for emergencies.
fiscal priorities: children, educational planning by asset management → → → special contingency fund goal programming A
4, children of university education: a child to college later (4 to 7 years)
Financial Highlights: The stage of their children's education costs and living costs soared. The financial success has been achieved, accumulated some wealth families, are fully capable of paying, will not be difficult. Therefore, we can continue to play a financial management experience, development and investment, and create more wealth. Money is not smooth those not yet rich families, usually relatively heavy burden, should be their children's education costs and living expenses as a financial priority, to ensure that children complete their studies. Under normal circumstances, at this stage, not financial success of the family, it shows their lack of wealth, one should pin their hopes on their children, do not use the money for much-needed investment blindly.
investment advice: 40% of the savings funds or growth funds for stock investments, but it was important to control risk; 40% for bank deposits or government bonds to meet their children's education costs; 10% for insurance ; 10% of the reserve as a family.
fiscal priorities: children's education debt plan → Planning → Planning → contingency fund asset value
5, family maturity: children to parents to work before retirement (15 years)
Financial Focus: During this period, As their ability to work, work experience, has achieved the best economic conditions Zhuangtai, with children starting Du Li, Jiatingfudan Zhujianjianqing, therefore, accumulation of Caifu most Shige, financial Zhongdian Ying focus on expanding Touzi. However, late in life has been entered, if the risk of investment failure, it will ruin their lives accumulating wealth. Therefore, the choice of investment tools, not the way of options in venture capital. In addition, we store a pension and the money was his unshakeable. Insurance is relatively stable and safe investment tool, although the return is low, but as a compulsory savings, the accumulated pension benefit and asset protection, is a better choice.
investment advice: will be 50% of investment capital for equity or similar fund; 40% for time deposits, bonds and insurance; 10% of current savings. But with the retirement age approaches, the ratio of investment for risk reduction should be gradual. In the insurance requirements, should gradually emphasis on pension, health and risk of major diseases.
fiscal priorities: pension planning by asset management → → → Emergency planning a special target fund
6, after retirement
financial priorities: should spend their remaining years for the purpose of investment and the cost is usually more conservative bodies and mental health is most important. In this period is best not to make new investments, particularly investments can no longer risk.
investment advice: will be 10% of investment capital for stock or stock funds; 50% invested in fixed deposit or bonds; 40% for current savings. For more substantial family assets, can use legal tax saving instruments, effectively to the next generation of the property.
fiscal priorities: estate planning retirement planning → planning → → special purpose financial contingency fund
always risk, so we before making investments, it is necessary to plan the ability to take risks yourself. Because when a person at risk has a certain limit, they exceeded the limit, the risk will become a burden or pressure on the will of our psychological, health, family life, work and even cause injury. . (Transfer from: www.qinqinwowo.net)

millionaire's eight steps

young you want in life how much wealth? \With the goal, have financial power. Your financial goals? A house, a car, or 100 million? 1 million is not that much, great oaks from little acorns grow, come often say the first one million life than 2 million still hard is it. The first 100 million, will be the cornerstone of wealth to the future.
youth career development is at times, many people do not pay a lot but always kept down, problems can not be out of control desire, and did not develop a savings habit. Chen Yin said: \How to save up to life in the first 1 million then?
The U.S. market, is selling a book entitled \Millionaire systematic access to the survey, from their rich experience, sum up the order to become a millionaire worth seven to eight the number of action steps:
first step to start investing now. No money to invest in how to do? Carlson recommends investors to force their immediate 10-25% revenue for investment; no time to invest in how to do? Then immediately reduce the time spent watching TV, the energy to learn finance and investment knowledge; worry about how do price too high? Do not forget to always have new stock price high.
second step, the set objectives. This goal can be either ready for the kids college tuition, buy a new house, or save enough cash pension before the age of 50. In short, any target can be, but need to set targets, efforts to complete.
The third step is to spend money to buy stocks or stock funds. Americans believe that buying stocks that prosperity can only keep the wealth to buy ** bonds. Millionaire's common experience: Do not believe those of gold, rare collectibles and other stuff to heart on the stock, this is the beginning of the establishment of wealth. From the long-term trend,seline UGG, the stock average rate of return is 11%, ** 5% bonds were slightly higher than that.
fourth step, not attracted me. Millionaire not because the investment risk in the stock and get rich, they invest in blue chip stocks are generally.
fifth step, the monthly fixed investment, investment must become a habit, a monthly \No matter how much investment, as long as the fixed monthly investment, enough to make your fortune surpassing the United States more than two thirds of people, because they usually think only of consumption, and to only think of the old investment.
sixth step, buy the stock to long-term hold. Survey, three-quarters of a millionaire to buy shares held at least five years. Buy and sell stocks frequently, not only adventure, have to pay transaction fees, brokerage commission. The more such transactions but does not make you rich, will only make the rich traders.
seventh step,chestnut ugg boots, the Inland Revenue Department as an investment partner. Dislike the Inland Revenue Department's thinking is not desirable, only regard it as their investment partner, and keep your new tax provisions, good use of tax exemptions for legitimate investment and financial management, to enable the Commissioner to be your assistant to get rich, is the positive approach .
eighth step, limit financial risk. Most of all energy into millionaires out and buy ready-made suit and open regular Ford car, the cheaper shopping, they often change jobs frequently do not love, not in large families, do not move, not too many accidents of life Stability is their common characteristics.
young you are, now set a financial goal, which has its own heart to the goal, when faced with cut expenditure required to adhere to when it will become much easier.

you are rich or poor

1.
poor self-awareness: how to make money, and rarely think of how to make money, that his life on the way, do not believe there will be any change.
rich: their bones are not to feel that he was born to do the poor, but to be rich, he has a strong sense of making money, this is what his blood, he will do anything to make themselves rich.
2. leisure
poor: at home watching TV, for the soap opera's story moved to shed tears, but also along the lines of fashion dress up their own TV.
rich: Running outside the market, even play golf not forget to take project contracts.
3.
poor communication circle: like the poor relatives to go, the circle of mostly poor people poor, excluded and rich interaction, over time, become the poor attitude of mind, thinking, thinking of the poor has become, to do out the model is the poor thing. We discount every day talking about commodities, exchange with saving skills training may help to survive, but also gradually limited by your vision so trivial, but the ambition to while away the.
rich: most like to make the kind of help on their own, can improve their capabilities to a friend. Not only their own personal preferences pure laissez-faire to make friends.
4.
poor learning: learning a craft.
rich: school management.
5. Time
the poor: a person who can not enjoy sufficient time to make big money, to more laid-back easy to lose the opportunity to make money. Poor, time is not valuable, and sometimes redundant, do not know how to spend, how mixed up it is not annoying. If you can buy a pound of cabbage for more than a dime spent endless and angry, but not to waste a day and heartache, this is a typical poor thinking.
rich: one way or another to make money, and regardless of income-generating livelihoods are mostly too small to go through the time of accumulation. The play is also a rich work, there is a purpose. The idle rich, idle in the body, self-cultivation in order to fight another day, head have never idle; the poor, idle, busy in thought, his hands are busy, busy to the mahjong game a few to more than touch.
6. a sense of belonging
poor: is the screws. Poor because of their humble, the lack of a sense of security, they urgently want to subordinate and dependent on one group. So they use this group standards as their own standards, to meet all their specifications, for the benefit of group work, trouble, and even movement. For the poor for the enterprises with in a famous stable for almost a decade, from intern to senior director of dry, it is simply yes wonderful Debu's Li Xiang was again wonderful.
rich: the leader in these groups are usually rich people, they are always on the one hand to educate the poor: Unity is strength, if you do not subordinate themselves to this group, you nothing is broke. On the other hand, they never stopped recruiting and training new people to replace you at any time.
7.
investment and wealth of the poor treatment: the classic view is tantamount to earn less. Such as opening a noodle restaurant, is a 100% yield, input 20000, net 20,000 a year, for the poor is pretty good. Even the poor have money, can not bear out, even if finally decided to invest, do not want to take risks, and ultimately get out of that step. The most exciting thing is that the poor-egg chickens, a big profit ... ... but built on a hen who hope, after all, is so fragile.
rich: the rich starting point is 10 000 million in profits. The same open noodle restaurant, rich people will think, a noodle restaurant in the capital carrying only 20,000, if 100 million of funds, are we going to open 5000 noodle restaurant? To a manage a large number of employers may exercise heart, tired, how many white hairs you? Might as well invest in hotels, a hotel is enough to digest all of the capital, even if only 20% rate of return, there are 20 million a year profit down ah!
8. passion
can dry into a big, first of all see if there is no passion
the poor: there is no passion. He always step by step, it is difficult a big mistake, and never will be the best. Without passion can not be excited, it is impossible to work wholeheartedly, most of the poor can not say that there is no passion, but his passion always consumed too specific matters; boss praised, he excited; store discount, he will excited; TV reunion, his tears flowing down a string of a string of poor, there is only one kind of mood.
rich: \Passion is a kind of nature,new style ugg boots, is a symbol of vitality, with passion, have a spark of inspiration, have a distinct personality, have a strong appeal in human relations,ugg black, but also have the charm and methods to solve problems .
9. confident
the poor: poor self-confidence through armed to the teeth, through a high-level brand of clothing and luxury accessories to give them more self-confidence, poor self-confidence is often not from the heart and heaven's.
rich: Li Ka-shing said of his business secret, said: \In fact, confidence is a rich and unique. Self-confidence can not be swayed by external forces, self-confidence can there be the right decision.
10. customary
poor: There is a story, a rich man to give the poor a cow. The poor with hope began to struggle. To cattle to graze, one to eat, hard to live. The poor so the cows were sold, bought a few sheep, eating one, and the rest of the afterlife lamb. Lamb has yet to be born, the day it difficult. Poor sheep sold again, to buy the chicken. Want the chicken-money for a living, but life has not changed, the chickens have finally killed the poor, poor vision completely collapsed. This is the habit of the poor.
rich: It is an investment, experts say the rich recipe for success is: no money, no matter how difficult, do not use investment and savings, the pressure to make you find new ways to make money, help you pay off bills. This is a good habit. Character formation of habits, habits decide success.
11.
the poor on the network: the Internet chat. Poor people to chat, first time more than the poor, the second is born poor mouth can not idle. The rich pay attention to Rongrubujing, gentle, and what is virtue, can conserve a large deep-rooted trees. The poor not care so much, all day suffering from other people looked down upon His body was covered with trivia, the number of useless gas ah, talk about will not work? Chat rational!
rich: the Internet looking for investment opportunities. Rich online is more cost-effective use of the network, looking for more investment opportunities and projects to facilitate the use to their business in the past.
12.
poor consumer spending: buying brand is to experience the satisfaction favorite test just out of fashion products, I believe you are necessarily good.
rich: buy brand-name selection of details to save time, compared with the price of consumer goods, they also care about product quality, such as 15 yuan will buy cotton T-shirt, do not buy expensive Leica products . (Transfer from: www.qinqinwowo.net)