Although middle-aged people are the most experienced group in society, they still can't avoid the emergence of various new fraud methods. The financial management of the elderly should be based on sound financial management methods. Don't try high-risk products without sufficient financial experience. Please remember that "the higher the income, the greater the risk" to prevent falling into the trap of swindlers.
Why are middle-aged people easy to be cheated in financial management? Many middle-aged and elderly people are trapped in financial management because of the constant emergence of new scams and the lag of information. An era has its own products, and so does financial management. The way of managing money is constantly innovating, and the first people who meet them are generations of young people. Therefore, no matter what kind of financial products middle-aged people want to buy, they should have a good talk with young people at home and let them help you think about the security of the analysis platform through their channels.
Some people in their forties have good jobs and comfortable homes, and they are numb to consumer debts such as credit card debt and monthly payment of credit card interest. According to the survey of charles schwab Company, only 38% of "Generation X" Americans pay off their credit card bills every month and have no credit card debt at all. This means that 60% of consumers are burdened with card debts.
Financial experts point out that credit card companies are willing to increase the credit line so that consumers can spend more money on luxury goods they don't need, but this doesn't mean that consumers will definitely fall into the trap of excessive consumption.
When making a "financial plan", the first step is to ask yourself a question, "Why is money important?" Many people may find it unnecessary to ask this question, or they may find it unnecessary to write it on paper at all. In fact, the answer to this question is the beginning of our financial management. Before managing money, if we can't even answer this question, then the financial goals set later must have deviated from our original intention. When we encounter difficulties in the process of financial management and can't go on, just look at the answers we wrote in the plan.