Personal investment financial plan

As the saying goes, everything is predetermined, and planning and methodically carrying out personal investment and financial planning is of great benefit to your future development, so what do you need to do?

Assess your current financial situation

Subtract your assets from your liabilities to get a net worth, or subtract the money you have from the money you owe to others. This amount will give you an exact idea of your current financial situation and help you make good decisions to achieve your goals. You can create a simple spreadsheet or find templates online and use them to calculate your net worth.

Clarify personal investment and financial goals

Establish a clear financial management goal, whether it is for wealth preservation and savings or investment to generate wealth, and then according to your actual economic situation, match the proportion of personal daily consumption, conservative savings and investment and financial management, and then choose the investment method that suits you. , in the process of investment, it is necessary to continuously modify the investment method and ratio according to its own actual situation to maximize the income.

Determine monthly expenses

It is very helpful for you to classify and record various expenses. For example, you might include items such as rent or mortgage repayments, home insurance or renters insurance, utilities, etc. as "Housing" expenses; car loan repayments, gas, car maintenance, and auto insurance under "Transportation" Class" expenses. Add all your expenses together to get your total monthly expenses. Don't forget entertainment, food, clothing, credit card payments, taxes, and other miscellaneous expenses.

Get into the habit of saving money

Determine the monthly deposit amount you are willing to accept based on your needs and expenses. Over time, you will save more and more money. The point is to save money, even if it's just a small amount. With a certain initial capital, investment planning can be carried out.

Choose futures, stocks

These two types of financial management have relatively high risks and returns in America so far. These two types of financial management require investors to have certain investment experience.

Ingeniously formulate personal investment and wealth management plans, allocate funds reasonably, and choose investment and wealth management products according to personal investment risk tolerance. I believe that in the near future, I will be able to achieve my personal investment and financial goals.