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How to manage money and make money?

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Can't invest? Too lazy to study? Putting you to sleep can also make money in the right way. Buffett once said, "If you can't make money while you sleep, you'll work until you die!" Is there really anything that makes money while you sleep? Yes~ Learn to distribute income, choose the right products, and let you live a free life early.

Relying on asset allocation and financial planning, can you invest while sleeping?

"Buffett once said: If you can't make money while you sleep, you will work until the day you die!" And relying on an automated system that does not require your current labor to bring you income, this is passive income meaning, how should one sleep while earning income at the same time? In fact, this is not difficult. It can be divided into two types: you are the boss and hire employees to help you work, or through asset allocation, plan a part of the amount to invest in a promising company as a shareholder, and let the entire company work for you! Starting with small investments, you can also build your own passive income stream while you sleep .

The first step in passive income financial planning: thinking about investment goals

First of all, you need to "reasonize" your income and think about the purpose of accumulating wealth . Many people will answer: My purpose is to make more money. If this statement is not positive enough, it will make it difficult to achieve the goal. You need to set Take a more specific project as a goal, for example, save enough for a down payment of 3 million yuan to buy a house. Only with a specific goal can we face the current situation pragmatically, and tell you how much time you need and how to allocate your income to achieve this goal. Target.

The second step of passive income financial planning: the 333 rule of asset allocation income

Next, you need to learn asset allocation, starting from the allocation of your income, the simplest is to use the 333 rule to invest in living expenses, savings, and investment respectively. First, open a savings account other than the salary transfer account. Suppose that when the monthly salary of 30,000 yuan comes in, set up 10,000 yuan to be automatically transferred to your savings account. This account will not be used unless necessary, and then find another investment The target (fund or stock) will be deducted in a regular fixed amount of 10,000 yuan per month, and the remaining 10,000 yuan will be used for daily living expenses.

The third step of passive income financial planning: understand your investment attributes

The third step is to clarify your own investment risk attributes to choose a suitable investment method, such as stocks, ETFs, funds, bonds..., transfer 1/3 of your salary to the account of "Financial Freedom" every month, and do your best The most important thing is that you have to know the nature of the commodity you are buying, whether the income meets expectations, and whether you can bear the risks. For example, a stock may bring double rewards, but it may also fall in a short period of time. Can you bear the risk? At the same time, the more active products need more active attention, do you have the time to understand and analyze, and find the timing of entry and exit?

Passive income investment products you must know

1. ETF index fund

ETF is a commodity that is close to the return of the index. Its investment portfolio is adjusted according to the constituent stocks contained in the index. Therefore, investing in ETF has the advantage of diversifying risks. It is quite cheap. The annual management fee is about 0.35%, which is much lower than the 2% to 3% of mutual funds. Therefore, ETF can be regarded as a very convenient and low-cost commodity for investment. However, it should be noted that some ETFs cannot receive dividends or dividends.

2. Mutual funds

Subscribing to a fund is equivalent to hiring a professional fund manager to help you study the complex financial market and build an investment portfolio, which fully embodies the risk diversification concept of "don't put all your eggs in one basket", allowing you to have time to do other more enjoyable things Moreover, the threshold for subscription is low. In addition to investing in different industries, you can also purchase all the investment targets allocated to different types in one go, which further disperses investment risks. But the advantages of the fund are also disadvantages. Because a professional manager is hired, the management fee is about 1.7%, and the subscription fee is 3%. With so many funds on the market, which fund manager's fund to choose is another problem.

3. A new, smarter choice: smart investing

However, there are also a wide variety of ETFs and funds, and it is not easy to choose a portfolio that suits you. At this time, you may wish to use smart investment to help you set the target for asset allocation from the beginning of bid selection, and at the same time use smart investment to let the investment target of the purchase As the market moves towards the goal, you don't need to think hard about which one to buy, you can directly prepare a basket for you, and you don't need to go to work to keep an eye on the market. He uses the system to monitor 24 hours a day, and his unique rebalancing mechanism is like buying and selling After-sales service, once the market changes, you will be notified to adjust the ratio of the standard, saving you the effort of watching the market all day and making human error judgments, effectively controlling risks, and achieving the goal of steadily accumulating wealth. What's even better is that Cathay Smart Investment does not charge any transaction fees, and only charges a single trust management annual fee rate of 0.88%, which is more in line with the lean and economical financial management technique of small money management.

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