1.The 4321 rule of wealth

One widely known truth in financial management is not to put your eggs in one basket. The safest and most effective way to manage your money is to diversify your funds and spread them over different items depending on your savings. This rule is a property distribution rule where 50% of the household's total income is invested in long-term fixed assets, such as mortgages; 30% is used for daily household expenses; 20% is used for flexible bank savings; and the rest is used to buy insurance or invest in highly profitable but risky stocks and futures as additional financial resources.

2. Get into the habit of keeping accounts

Many young people get paid and spend money without restraint, which is what we call moonlighters. It is advisable for young people to make an excel spreadsheet or download a financial bookkeeping app to record their expenses every day after spending. We can categorise what is essential for life, what is leisure and entertainment, and what is for self-improvement, and keep track of where the money is spent.

3. Manage your risk well

When you have enough money, remember to take out an insurance policy for yourself to give you protection for your wealth. Whether it is a savings policy or an investment policy on the market, the premiums put in each month are usually frozen for many years, ranging from 10-30 years.The money that the insurance company takes from you will usually be used to invest in funds or other instruments, and the process in between can easily result in losses, so insurance is only protection and not a way to save.

4. Focus on health

A good body is your best asset. Take time to exercise and eat healthy food regularly to stay healthy despite your busy schedule. According to surveys, 6 out of 10 young people are likely to suffer from depression or other chronic diseases after years of stress at work. Exercise is not only effective in reducing the risk of chronic diseases, it also keeps us positive. When feeling anxious because of work, why not go to the gym to relieve it, schedule your work to come in the morning and try not to stay up late. These negative health indicators can greatly affect life and earning potential.

5. Read more books on financial management and pay attention to financial news every day.

We can go online to find out what financial books are worth reading, download some electronic books, and use your spare time to read more books to learn. Pay attention to some financial news networks, learn financial knowledge, collect more news and reports about finance and economics, and constantly cultivate your own financial mind and awareness.