How does the family farmer carry on the family finance

With the development of family farms, many farmers' annual net income can reach tens of thousands of yuan, or even hundreds of thousands of yuan, envy others. But many people take spare money but do not know how to manage money, only deposit in the bank as a way of investment. So how should they manage their money? Let's take a look at the advice given by the experts.

[case]:

Uncle Liu, 55, a farmer in Chongming, Shanghai, contracted a number of vegetable greenhouses and raised hairy crabs. Last year, Uncle Liu's net income reached 250000 yuan, which is the envy of many city people. At present, Uncle Liu's family has been engaged in contracting for more than five years, and they have millions of savings. Uncle Liu has a child who is going to college. How does Uncle Liu help families increase their income through investment and financial management?

[suggestion]:

According to the family situation of Uncle Liu, the expert provided the following suggestions, specifically as follows:

1. Set aside enough funds for production and living

First of all, Uncle Liu should reasonably arrange funds for the daily life of the family and the preparation of spare funds, production funds, and so on, which need to be reserved. The rest can be invested. The term of investment can be divided into short-term, medium-term and long-term. Medium-and short-term investment can provide better capital liquidity, while long-term investment can better increase wealth.

two。 Diversified allocation of assets

Uncle Liu suggested that family investment should be diversified, dispersed into three or four projects for asset allocation, and suggested that it should be carried out in the form of indirect investment, not to invest too much directly in areas that are not familiar with.

3. Allocate short-and medium-term investments

For short-term investments, it is recommended to consider some bank wealth management products, such as currency-oriented products, whose returns are relatively stable, with an average of 4.5% to 5.5%, with an investment threshold of only 50,000, and the investment period varies from 1 month to 12 months. In addition, you can also configure some securities investment plans. Like these two short-term and medium-term investments, Uncle Liu's family is more suitable, and the share of investment can be maintained at about 20% to 40% of the investable funds.

4. Buy appropriate commercial insurance

Uncle Liu has only one child, so providing for the aged in the future will become a heavy problem. In order to reduce the family burden, in addition to basic security such as the new rural insurance and the new rural cooperative medical system, Uncle Liu can appropriately purchase commercial insurance such as medical treatment for serious illness for his family, strengthen the old-age security, and reduce the financial risk of the family.

Xu Pei