What are the steps and core of financial planning

Financial planning mainly includes the following steps:

The first step is to take stock of your assets. Including the expectation of the stock assets and future income, it is the most basic premise to know how much money can be managed.

The second step is to set financial objectives. We need to clarify the financial objectives qualitatively and quantitatively from the specific time, amount and description of the objectives.

The third step is to find out what type of risk preference is. Don't make the assumption of risk preference without considering any objective situation. For example, some people put all their money into the stock market without considering their family responsibilities. At this time, their risk preference deviates from the range they can bear.

The fourth step is strategic allocation of assets. In all assets for asset allocation, and then is the choice of investment varieties, investment timing.

The core of financial planning: the core of financial planning is the matching process of assets and liabilities. Assets are the former stock assets and income capacity, that is, the future assets. Debt is first of all a family responsibility, to support their parents, to raise children, for him to go to school. The second is the goal. The goal has also become our debt. We should have a high-quality life and make your assets and liabilities dynamically match. This is the core idea of personal finance.