Establish a budget: reasonably budget, control expenses, and try to avoid high-interest loans.
Understand investment: investment is risky, so you should understand different kinds of investments, such as stocks, bonds, funds, etc. At the same time, you should understand the concepts of risk and return.
Diversification: Funds should diversify their investments in different asset classes to reduce risks.
Long-term investment: You should choose a long-term investment plan to get a more stable return.
Avoid excessive borrowing: avoid excessive borrowing and maintain a good credit record.
Rational consumption: we should consume according to our own income and budget to avoid unnecessary waste and excessive consumption.
Avoidance of legal risks: We should understand some common legal risks, such as online fraud and illegal fund-raising, so as to avoid being deceived.
Learning insurance: To understand the types and functions of insurance, choose the appropriate types of insurance according to your own needs, and ensure the property and life safety of yourself and your family.
These financial common sense are just some simple suggestions. Investment and financial management is a complex field, which requires individuals to make specific analysis and decisions according to their own situation and needs. It is suggested that before any investment or financial management activities, full investigation and consultation should be conducted to obtain more accurate information and suggestions.