Put your money in a safe place. Our money should lay a lot of "golden eggs". Our investment should be simple and easy to understand. Funds are the most suitable for beginners. So how should we allocate our money? Don't put your money in the same basket. Divide your money into 3 parts: 1. Raise the "goose" account-50% of the money is used to raise the "goose". The "goose" account refers to an account used for investment and savings. It symbolizes the growth of assets and the source of passive income. Just as the goose in the story can lay golden eggs, the goal of this account is to make your money work for you and realize "sleep income". Putting 50% of your money into the "goose" account can ensure that your assets continue to grow and create passive income for the future. Investing in stocks, bonds, funds or other investment tools can accumulate wealth in the long term. 2. Dream fund-40% of the money is used to achieve short-term and medium-term goals (dream piggy bank) Dream funds are savings set up to achieve your short-term and medium-term goals. These goals can be buying new electronic equipment, vacation travel or any dream you are eager to achieve. Putting 40% of your money into the dream fund can help you achieve those short-term and medium-term goals that require certain financial support. By setting up a separate piggy bank or account for each dream, you can be more motivated to save money. 3. Daily expenses - 10% of the money is used for pocket money. The daily expenses account is used to cover your daily expenses, such as food, rent, transportation and entertainment. Allocating 10% of the money to daily expenses can ensure that you have enough funds to maintain your daily life while avoiding overspending. Reasonable planning of this part of the budget can help you control your spending and avoid unnecessary waste. It is recommended to open 3 separate accounts: one for investment and savings in the "goose" account, one for savings in the dream fund, and one for daily expenses. Evaluate your financial situation monthly or quarterly to ensure that your fund allocation is in line with the above ratio. You can also set up automatic transfers to automatically allocate a certain percentage of your income to these three accounts. Growth is a process of continuous learning. We should also learn basic investment knowledge and understand different investment tools and strategies to ensure that the funds in the "goose" account are reasonably invested. At the same time, don't follow the trend, and you must adhere to the principle of not investing if you don't understand.Investment is an important way to increase wealth. (Puppy Qianqian) tells us that we should be bold in investing, but also invest wisely.
