1.0 Introduction介绍
个人理财是基于对个人收入、资产、负债等数据进行分析的过程，它是根据个人对风险的偏好和承受能力，结合预定的目标，使用储蓄、保险、证券、外汇、托收、入住的一种方式。管理资产和负债的投资和其他方式，以及合理的资金安排，从而在个人可以接受的最大风险范围内最大化资本收益（ChiangLin和Lin，2008; Nepomuceno和Laroche，2015）。个人理财与简单的储蓄或投资不同，它不仅包括财富的积累，还包括投资者的风险管理和控制，即当他们的生命和健康发生事故，或者存在不利变化时，如恶性通货膨胀，在他们所处的经济环境中显着降低汇率，其家庭的生活水平不会受到严重影响（Nepomuceno和Laroche，2015;Szarowská，2014）。个人理财在加速人民财富，避免财富破坏和预防事故对生活质量的影响方面发挥着非常积极的作用。然而，融资是一项非常复杂的任务，需要在如何确定财务目标，如何控制和避免金融风险以及如何最大化财务管理的经济效益等方面拥有大量专业知识。这些知识对成功的融资和投资具有积极影响。本文结合多种财务管理理论，讨论人们在财务管理中需要具备哪些知识和技能，并在此基础上提出如何在未来60或70年内使用这些知识和技能的建议。
Personal finance is the process based on analysis on personal income, assets, liabilities and other data, it is according to individuals’ preferences and affordability towards risks and combined with predetermined targets to use savings, insurance, securities, foreign exchange, collection, housing investment and other kinds of means in managing assets and liabilities, as well as reasonable arrangement of funds, thus maximizing capital gains within the scope of the most risk that individuals can accept (ChiangLin and Lin, 2008; Nepomuceno and Laroche, 2015). Personal finance is unlike simple savings or investments, it includes not only the accumulation of wealth, but also investors' risk management and control, that is, when there is an accident in their lives and health, or there is an adverse change, such as hyperinflation, significantly reduced exchange rate in the economic environment they are exist in, the standard of living of their families will not have to be seriously affected (Nepomuceno and Laroche, 2015; Szarowská, 2014). Personal finance plays a very active role in accelerating people’s wealth, avoiding wealth destruction, and the prevention of impact from accidents on quality of life. However, financing is a very complex task which requires a lot of expertise on how to determine financial goals, how to control and avoid financial risks, and how to maximize the economic benefits of financial management and so on. This knowledge has a positive effect for successful financing and investment. This essay combines with a number of financial management theory to discuss what knowledge and skills that people need to have in financial management, based on this to bring forward recommendations on how to use these knowledge and skills in the next 60 or 70 years.
2.0 Main body2.1 Steps of personal finance
2.2 Theory and application of personal finance
2.2.1 Life cycle theory and its Applications
2.2.2 Portfolio theory and its application
2.2.3 Risk appetite theory and its application
2.2.4 Time value of money theory and its application
2.3 Discussion
3.0 Conclusion总结
Personal finance plays a very active role for people to make the most of their wealth, avoid wealth destruction, and prevent the impact of accidents on their quality of life. Though personal finance is also a very complex task, it requires a lot of expertise. In personal finance course, investors can use life cycle theory to determine financial goals, but in the future, they should pay more attention to the development and implementation of future investment plans and strategies during retirement. Investors can use portfolio theory to control and avoid financial risk and maximize economic benefits, but there is the need for investors to improve their financial knowledge and skills, or entrust appropriate financial institutions to help them to make right portfolio decisions. Investors can use risk appetite theory to control risk, but it should be noted that risk appetite is not equivalent to risk tolerance, risk tolerance is an important basis for personal financial planning. Investors can take advantage of time value of money theory to maximize economic benefits in financial management, but they can not ignore various risks, they need to weigh risks and benefits to choose a suitable investment plan.References文献
Bellante, D. and Saba, R.P. (1986). Human capital and life cycle effects. Journal of Financial Research, 9(1): 41
