The significance of financial management
Financial management refers to property management for the purpose of maintaining and increasing the value of property. Financial management is divided into corporate financial management, institutional financial management, personal financial management and family financial management. Our most common wealth management products are funds, stocks, futures, treasury bonds, savings, bonds, foreign exchange, insurance, bank wealth management products, capital preservation investment, trust, jewelry and so on.
Generally, products that may get higher returns have higher risks, and the amount of returns is directly proportional to the size of risks to be borne. The real goal of financial management is to get as much income as possible within the risk range that individuals can bear, to make money for their own use, and to make every penny in their hands, whether in banks, stock markets or bonds, meaningful and not wasted.
The ultimate goal of financial management is to realize financial freedom in life. When you can earn money to support your family without working, it is financial freedom.