How do ordinary families cope with devastating blows?
1. There must be compulsory savings (risk prevention, risk retention)
It seems like nonsense, but now that consumerism is prevalent, many young couples are often in a moonlight state. At this time, we must emphasize the concept of compulsory savings. With compulsory savings, health management, financial management, insurance, interpersonal relationships and other means to combat risks can be brought to the table.
Personal advice: Be sure to leave 6 months to 1 year of liquid funds. Based on the monthly expenditure of an average family of 5,000, that is 30,000 to 60,000. What this money requires: Very little risk. The principal cannot be lost, or only a small amount can be lost. Good liquidity. When needed, all can be taken out within 3 months. It's best to take it out at any time.
In order to protect the first two points, you can sacrifice part of the income. Eligible products include currency funds (Yue Bao, WeChat Financial Management), regular financial management within 3 months (bank/brokerage/insurance regular), and bond funds. In terms of specific combinations, for example, if you have a reserve fund of 60,000, you can buy a currency fund of 10,000. The remaining 50,000 is invested in regular financial management.
When choosing regular financial management, you should pay attention to choosing one that can be withdrawn in advance if you lose part of the income. It is difficult to fight a devastating blow with this amount of money alone, but it can help families survive the most painful period after the blow comes - by taking on some small risks that they can bear on their own.
2. Family habits and health management - nip in the bud (risk avoidance)
The ancients said: Seek good luck and avoid bad luck. The best way to deal with the devastating blow that a family may encounter is of course to prevent it before it happens, then to resist and spread the risk, and finally to recover and control the loss. Although I personally don’t believe in Feng Shui, the concept of risk prevention is worthy of reference by contemporary people.
An old friend who is obsessed with Feng Shui once said to me: When looking at a house, it is best to take a child of several years old with you and observe every move of the child. If the child is playing as usual or more relaxed, other factors can be considered. If a child suddenly becomes irritable and cries after entering the room without other circumstances, it means that there is something unclean and it is not suitable for living.
It’s too mysterious for “dirty” things. However, it does make sense that children have more sensitive senses and can detect subtle anomalies that adults cannot hear, see, or smell.
The biggest inspiration of the mysterious and mysterious Feng Shui concept for family risk management is: to prevent the slightest change. Many devastating blows have precursors. Whether it is to take precautions before they happen or to prepare corresponding strategies, it is necessary to predict them.