Financial crisis is coming, prevention is the first step in financial management

Financial management should not violate the two principles. When a financial crisis suddenly appears in our lives, what should we do? Xu Jianming, a veteran financial expert and executive dean of Shanghai Financial Management College, believes that for investment, this year is the "defense year." "Preserving the gains from the past two years is a victory."

"He made two basic mistakes, which led to the current situation," Xu Jianming said when analyzing Li Xiao's situation. It was not rational for a young person in their 20s to renovate everything all at once; it was a bit excessive. The second mistake was violating the basic principle of financial management: money that will be needed in the short term (usually within a year, or within two years according to foreign standards) should not be used for investment, so that market fluctuations will not directly affect daily life.