Money Starts From 100 Yuan &Nbsp, 4 Big Money Habits, Small Money Big Money.

The average wage earner with a monthly income of less than 4000 yuan has gone through six years of work. When other classmates of his age continue to live in a car rental life, he has realized his dream of buying a car and buying a car.

Strict implementation

Mr. Chen went to work in a private construction company after graduating in 2002. His average monthly income was around 3000 yuan. With the increase of service age, he now has nearly 4000 yuan of income.

"My

Life: do not rent a house outside, live with a number of colleagues to sleep in the dormitory provided by the unit, save a room rent, water and electricity costs.

Try to eat in the unit canteen, the average daily meal is not more than 15 yuan.

The telephone fee per month is not more than 100 yuan.

Mr. Chen said that on the one hand he was frugal, and on the one hand he insisted on long-term financial management. He bought a flat in Hong Tong last year, and bought a $60 thousand scooter early this year. In the end, he left over 1 yuan as an emergency deposit for that year.

"Investment and financing is strategic, not what others say, but to make a specific investment way through understanding their financial situation."

Mr. Chen said that due to the recent severe stock market turbulence and the depressed financial management products, we should substantially reduce earnings expectations and withdraw a few percentage points in financial management.

He has now launched a fund that is generally recognized as a "fool's money" fund, investing 500 yuan in salary every month, and plans to invest continuously for 10 years.

The aim is to reduce the risks that may occur in the market.

"The fund must also pay attention to the strategy."

Mr. Chen said that he had studied and contrasted the operation mode of the fund's fixed investment, and found that the operation fund must be paid attention to the "three principles" - the banks with lower fee charges can appropriately save the cost of financial management; do not choose to invest money from 1 to 8 days per month; this is easier to intervene from the low point; continuous investment for one or two years is not cost-effective, and the rate of return from five to ten years is relatively high.

Sometimes small money needs a lot of money.

"After years of exploration, I feel that financial management is actually a way of life."

Mr. Chen said that the wage earners must not think that small money is useless. They must insist on turning their small money into big money. Only by using financial means unswervingly, no matter whether they are stocks, funds, or treasury bonds or time deposits, do not let idle money sleep in their current accounts, they will gain more or less every year.

Mr. Chen believes that every month when the wage earners get their wages, it is better to put aside the expenses of the next month and put the idle money in the money market.

Wage earners do not have to be steady in their finances, and they must have a lot of money when necessary. Otherwise, small money can hardly turn into big money.

"Sometimes I can't just rely on saving money. If I didn't make a profit in the stock market, it would be problematic to buy a house down payment."

He gave an example: when the stock market started to walk in 2007, he invested tens of thousands of yuan and earned 300% less than half a year ago.

"I found that people are lucky, when I just met a friend who was good at stock market. Every time he said it very accurately, when he came out, he insisted on buying it when he bought it."

Mr. Chen is now very envious of his classmates. Although his salary is not as high as some of his classmates, he has achieved a more comfortable quality of life through his own planning. In his own words, he is fighting a protracted war, so that he can have a car and a house for six years.