-Perfect cash flow management strategy in Robert Toru Kiyosaki, USA/Li Huitu/Damon pension insurance is also called "insurance", but it is different from other insurances in order to prevent financial risks caused by "living too long". Its rate of return may not be very high, but it can help us actively manage the cash flow in our lives and ensure that the cash flow can remain stable and healthy at any time, which is also one of the most important contents of financial planning. Li is disabled, and she is worried that her son will be cheated out of money after a hundred years and can't live. No amount of money can solve this problem at this time. On the contrary, the more money, the more bad people will think. So the mother suggested that she did not ask for a high rate of return, but only asked her son to collect money on a monthly basis. At this time, we often hear about various financial instruments, such as banks, stocks, funds, real estate, foreign exchange and so on. It's no use, only insurance can show its talents. I helped her design a guaranteed pension. Whether she is alive or not, she can let her son receive a monthly pension to ensure her basic needs. This insurance didn't make the customer a lot of money, but it gave her peace of mind. The rate of return can tell us how much 1 yuan will become in 20 years. But our cash flow is liquid, and we are spending money while making money. If the cash in hand is intermittent or even broken, it will definitely feel uncomfortable. Ensuring sustained and stable cash flow is the premise of a comfortable life. Therefore, we should not only make money through investment, but also use and protect the money in our hands through planning. Insurance is a good cash flow management tool. As can be seen from the above cases, if used well, insurance can be said to be the most powerful cash flow management tool. Because it has the following characteristics: 1, because of diseases, accidents and other reasons, it will cause sudden large medical expenses to customers. If there is no insurance, it may interrupt the cash flow of customers and greatly affect the quality of life of customers. Guaranteed insurance ensures that customers get claims when they encounter accidents, thus creating a large amount of positive cash flow, compensating customers' economic losses and helping customers tide over the difficulties smoothly. Speaking of the 5 million prize, I saw the news the other day. Someone won the 5 million prize and got 4 million cash after tax. First, it was distributed to parents and brothers * * * 1 10,000, and the rest of the money was put into business. As a result, in less than two years, I lost all my money because I had no experience. To make matters worse, he was ill, and his brothers had to help him raise money for treatment. In fact, we are already familiar with similar stories. Ordinary people will be at a loss when they suddenly get huge bonuses. It's like a child swinging a sledgehammer, which is not only not easy to use, but also may hurt himself. At this time, instead of thinking about how to make more money, it is better to think about how to keep it. We might as well imagine such a choice, for an ordinary person, give him 4 million at once; Or give him 200 thousand a year after 20 years, which is better for him? From the perspective of economics, because of the existence of time value, it is definitely the first one that is more valuable; But for those who are not good at financial management, the latter way may enable them to accumulate more wealth and ensure the goal of improving their quality of life. It can be seen from this story that most people feel that money is not enough, not because they earn less, but because they spend impulsively when they have more money, and even dare not spend when they have less money. Such a long time will naturally lead to poor financial situation. What is "financial management"? Management is management, care is care, wealth is wealth, and the most basic wealth is cash. Therefore, the most basic financial management is to manage our cash flow. Financial management pursues more than just the rate of return. Let's look at a real case. I met a female client and told me that she was worried: she is rich at present, but her son Zhi actively manages the cash flow of her life to ensure that the cash flow can always be stable and healthy, which is one of the important contents of our financial planning for our clients. Classic question: What about inflation? We already know that pension can help us lock in the cash flow after retirement, but there will be another problem: what about inflation? Is that money enough to spend? We can solve it at two levels. First, the pension annuity products themselves are also constantly developing, especially the addition of dividend characteristics, largely to make up for the impact of inflation. In the past two years, many dividend-paying products paid little dividends, which led to people's distrust of dividends. In fact, on the one hand, the big investment environment at that time was not ideal (there was actually a trend of deflation in China in the first two years), on the other hand, the dividends of life insurance products in the first two years were not much, and with the increase of years, the dividends will gradually increase. This situation is determined by the product structure. If you talk about it from the beginning, it's beside the point. I'll talk to you specially when I have the opportunity in the future. Second, the certainty of pension annuity makes its rate of return not too high. Therefore, we will help customers to establish a reasonable asset allocation to achieve a higher comprehensive rate of return. Even if the income of investment products is not good, pension annuity can guarantee the most basic needs; Under normal circumstances, the yield of investment products should be higher than the pension annuity, which is the icing on the cake. Of course, the problem of asset allocation is not simply to allocate according to a proportion, which requires the advice of professional investment experts. (The author is a financial planner signed by this journal) 2. For customers who are saving their children's education funds and pensions, if they lose their ability to work and continue to contribute, they will face the danger that their children's education and retirement dreams will not be realized. At this time, the insurance company gives premium exemption, which is equivalent to creating another source of funds for customers to continue to contribute, ensuring that the savings plan can continue. 3. Because of the compulsory nature of insurance payment, it can help us overcome human weaknesses such as impulsive consumption and blind investment, and form good long-term savings habits. 4. The design of insurance payment period, benefit period and other intervals conforms to the law of life cycle (that is, the changing law of income and expenditure), which is very helpful for us to plan and control the cash flow trend of life. The active management of pension annuity insurance on life cash flow; pension annuity is a special kind of insurance. It does not take the insured's accidents, diseases and other accidents as compensation items, but begins to pay the old-age pension to the customers regularly when they reach a certain age (usually retirement age). Although it is called "annuity", in fact, most products are collected every month, just like getting paid at work. Let's take a look at the two pictures above. The first one depicts the income and expenditure curve of ordinary people. In the struggle period, income is greater than expenditure, so cash flow is positive inflow; Income in old age is less than expenditure, and cash flow is reversed. This shows that the natural situation of cash flow in a person's life is unbalanced, which creates a problem. When young, few people can see their cash flow picture in the next 30 years. Therefore, in the struggle period, income is greater than expenditure, so cash flow is positive inflow; Income in old age is less than expenditure, and cash flow is reversed. They often spend all their savings, and when they really need money after retirement, they will face great difficulties. The second picture shows the payment and withdrawal of a very typical pension annuity. What do you see if you match the picture above? When we have plenty of cash during our struggle, we will use the money saved to pay endowment insurance; When you retire, you will get a pension from your account every month to supplement the cash shortage caused by not continuing to work. The yield of providing for the aged may not be very high, but it can help our old-age insurance: to prevent "living too long". In this process, aging is a process that everyone can't avoid and has no choice. No matter how romantic you are, you will certainly face this problem then. Aging means that our ability to work (including intelligence and physical strength) declines, which means that we can no longer rely on work to generate a continuous source of income. This is 65438. But at any stage of life, we always need to eat, dress and see a doctor, and we need to maintain a dignified life. No one wants to lower their living standards because of aging. Then, the annual cost we have to spend is also a problem determined by 100%. What is uncertain is the actual life span of each of us, and no one can accurately estimate how long he can live. If the actual life span exceeds the expected life span, it is possible that the assets accumulated during the struggle period will be exhausted before the end of the life journey; However, if the actual life expectancy is shorter than the expected life expectancy, it may be forced to leave a large legacy, which could have been used to improve the living standard and quality before death. The unique function of insurance is to turn uncertain problems into definite solutions. Insurance companies store the residual cash flow of many people facing uncertain difficulties, and then according to the law of large numbers, ensure that everyone can receive the agreed pension as scheduled after retirement-no matter how long they live, this is the mechanism of endowment insurance. Although endowment insurance is also called "insurance", it is different from other insurances in that it guards against the financial risks caused by "living too long", while life insurance, health insurance and accident insurance guard against the risk of income loss caused by premature death or health loss; Life insurance is based on the death of the insured, and annuity insurance is based on the survival of the annuity recipient. Endowment annuity insurance helps us to save the money we had when we were young, to prevent impulsive consumption, not to invest blindly, and to ensure that 100% can flow back into our pockets when we need it when we are old. Moreover, when applying for insurance, you can choose the time to receive it, and determine the amount to receive according to the demand and ability to pay after retirement, thus locking in financial risks. So I always think that pension annuity plays an important role in the allocation of customers' pension assets.