Research On Individual Financial Planning

The Chinese have been advocating the virtues of stout and patience and have been accustomed to saving money and allotting money considerately. With the progress of the times, especially in the 21st century, along with the rapidly economic growth and great expansion of individual wealth, the modern Chinese realize that saving money is not the only way to keep or increase value of the money. At the same time, with the promotion of market-oriented reform process and the establishment of social security system, States cannot provide full risk guarantees for families. When more and more people possess extra wealth after meeting basic living, when people begin to purchase house by themselves, burden on their children's education costs, bear part of medical expenses, arrange their life.... More and more people need to use finance and investment means to resolve the hazards that uncertainty bring to life. So personal financial planning come into being. Rapidly, topics such as "how to manage wealth well" become very popular in China during various classes of people. In this kind of situation, how to plan personal financial become more important at people's concern. It's also the problem that is discussed in this article.The main content and the structure of the thesis are as follows:Chapter One is the prefaced part which introduces the background, significance, researches about individual financial planning and the frame of this dissertation.Chapter Two defines the connotation of individual financial planning, and introduces its means and basic principles.Chapter Three compares and analyses individual financial tools. This part formulates different investment strategies by analyzing the venture and benefit for different investment tools.Chapter Four elaborates and analyses the main content of individual financial planning. In this part, I do some research and application with examples on investment program, real estate program, education program, insurance program, retirement program and inheritance program.Based on the analysis above, Chapter Five designs a set of feasible individual procedure and applies it into practical case. In the last part, the dissertation confirms the tremendous development space in individual financial planning in our country. Moreover, the article gives some advice to individual finance business on its monitoring and further development.