What is the concept of financial management? What kind of financial management concept should be established?

In financial management, some people have been looking for opportunities to get rich overnight; Some people are very eager to find the skills of selling stocks high and sucking them low; Some people think they have no money to manage, and they don't need to manage money. In fact, these are all manifestations of not establishing a correct concept of financial management. The concept of financial management is a collection of people's understanding of financial management formed in practice. People will conduct financial activities according to their own financial management concepts. Use the concept system of financial management to make financial decisions, plan, practice, summarize and other activities, constantly enrich life and improve the level of financial management. Forming a correct concept of financial management is conducive to doing the right thing and improving living standards and quality of life. What is the correct concept of financial management? Laughing red and green, I think there are the following points: 1. Financial management is a long-term process, which requires "time and patience" and it is impossible to get rich overnight; 2, the family is not a business, the safety of assets should be put in the first place, and profitability should be put in the second place; 3, establish a sense of risk, investment is risky. Low-risk investment products such as bank deposits and government bonds are difficult to generate high returns; High-risk investment varieties, such as stocks and industrial investment, may produce high returns, but may also lead to huge losses; 4. Ensure good asset liquidity and surplus payment ability, and do not have a tight capital chain, and cash is king; 5. Insurance is an important means of protection and an important part of family assets. An insurance is also a care for your family. 6. Choose wealth management products according to your actual situation and risk tolerance, and don't go with the flow; 7. Don't spend too much, especially loans, such as mortgages and car loans. Loans are "rigid" Minimize the debt burden of families; 8. Stock is the best "long-term" investment tool and the most effective way to greatly increase the value of family assets. However, if the investment operation is improper, it will lead to huge losses and family financial crisis. You can't use borrowed money for stock trading. 9. We should reasonably separate living security (cash, bonds, housing, automobiles, insurance and education) from investment appreciation (stocks, industry and real estate). Investment appreciation is a long-term behavior, the purpose is to make the quality of life higher, and don't lower the current quality of life because of investment. Investment funds should be funds other than normal living consumption. With such "spare money" investment, investors will maintain a good attitude. 10, to learn financial management knowledge, to be able to communicate with professional financial management personnel, to have a certain ability to distinguish, because money is your own. 1 1. Financial management can be entrusted, but the trustee should be carefully selected. 12, it is necessary to prepare family financial statements, including balance sheets and cash flow statements, so as to achieve a clear idea of income and expenditure. 13, it is necessary to formulate quantitative and reasonable financial management objectives, and allocate assets according to the financial management objectives, so as to be targeted. 14, resist the temptation of high return on investment, and any project with high return on investment is doubtful. 15. When investing in a project, consider the risks first, and then the benefits. If you can't control the risks reasonably, you can't talk about the benefits. 16, establish the concept of long-term investment, don't be eager for quick success and short stocks. Don't expect your rate of return to always exceed the market average rate of return. 17, investing in stocks, real estate, etc. Don't always think about bargain hunting, the market is unpredictable, and don't expect yourself to do things that investment experts can't do. Personal opinion, for reference only.