Celebrating the methods for preventing youth financial difficulties, let's talk about money management. It's important to grow your money. How can I manage and increase my funds? Help me, Shuka. 

We want to invest in so many things, but as young people, our asset sizes are inevitably small. When our asset size is small, the most advantageous option is financial assets. We all know about financial assets, but they are divided into safe assets and investment assets. Finding the answer to how to balance these two is what a financial product portfolio is all about. 

So, how can we determine the most efficient investment ratio? This actually varies from person to person based on their investment tendencies, risk tolerance, and even their age. Therefore, I’ll share a fundamental rule: the 70-30 rule. This means allocating 70% to safe assets and 30% to investment assets.

Take it, that's the 7 to 4 rule. So, what are the safe investment options? Savings, bonds, and insurance have liquidity and a certain level of stability. Especially with savings, there is depositor protection, which covers up to 50 million won per person. Among bonds, those that are structured in layers are called convertible bonds. While the interest rates are a bit lower, if stock prices rise, you can convert those bonds into stocks. In other words, I can accept a lower stable return in exchange for the right to bet on stocks. Convertible bonds can be a flexible investment asset that combines the stability of bonds and the volatility of stocks. However, convertible bonds can be a bit complicated, so I definitely recommend that you study and invest carefully. When I consult with many young people, there’s always something they ask about.

I'm not sure if my income is a bit low, but how much of my income should I allocate for savings or investments? If you're young, it's good to save or invest about 20% of your income, or if you're feeling ambitious, around 30%. However, this can vary depending on your personal situation, so there isn't a fixed answer. If you have financial goals, you should structure your cash flow and portfolio according to those goals. 

If I were young, I would allocate about 5% to 10% for insurance and plan for retirement with another 10%. It's also advisable to save and invest about 20% of my income, or if I'm ambitious, around 30% for my goals and desires. The rest should be used for living expenses. It's important to adopt a mindset that focuses on these allocations. The sooner you start, the closer you'll get to achieving your financial goals and desires. Growing your money—your aspirations are waiting for you.

슈카와 함께하는 빚투 예방, 돈 불리기

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