Wealth - Building Roadmap

Phase 1: Laying the Financial Foundation

1. Income and Expenditure Management

Establish a robust income and expenditure management system.

  • Formulate a detailed monthly budget plan.
  • Monitor and record every expense.
  • Curb unnecessary spending.
  • Foster a savings habit by setting aside 30% of your income.

2. Emergency Fund

Build a safety net to deal with unforeseen circumstances.

  • Initially, amass an emergency fund of 10,000 yuan.
  • Gradually increase it to cover three months' living expenses.
  • Ultimately, reach a level sufficient to cover 6 - 12 months' living expenses.
  • Deposit the emergency fund in a liquid or short - term investment vehicle.

3. Skill Enhancement

Boost your personal value and earning potential.

  • Continuously upskill in your professional field.
  • Obtain relevant industry certifications.
  • Develop skills for supplementary income streams.
  • Chart out a career development plan.

Phase 2: Expanding Income Avenues

4. Optimizing Primary Income

Maximize the earnings from your primary occupation.

  • Aim for career advancement within your current position.
  • Explore high - paying job opportunities.
  • Negotiate favorable salary and benefits packages.
  • Secure year - end and performance - based bonuses.

5. Cultivating Side Hustles

Diversify your income sources.

  • Take on freelance projects leveraging your professional skills.
  • Offer online tutoring or consulting services.
  • Venturing into e - commerce or building a social media - based business.
  • Participate in startup ventures.

Phase 3: Investment for Growth

6. Prudent Investments

Construct a diversified investment portfolio.

  • Allocate 15% of your funds to money market funds.
  • Invest 25% in treasury bonds and financial products.
  • Put 40% into index funds.
  • Select individual stocks for the remaining 20%.

7. Strategic Asset Allocation

Mitigate investment risks through strategic allocation.

  • Consider investing in a primary residence.
  • Explore opportunities in high - quality commercial real estate.
  • Engage in REITs (Real Estate Investment Trusts) for exposure to the real estate market.
  • Include gold or other safe - haven assets in your portfolio.

Phase 4: Entrepreneurial Endeavors

8. Small - scale Entrepreneurship

Embark on small - scale business operations.

  • Identify a suitable business opportunity.
  • Devise a comprehensive business plan.
  • Manage and mitigate entrepreneurial risks.
  • Gradually scale up your business operations.

9. Enterprise Building and Management

Develop a mature and sustainable business model.

  • Assemble a capable management team.
  • Streamline operational processes for efficiency.
  • Expand your business reach through various channels.
  • Set your sights on corporate listing, mergers, or acquisitions.

Phase 5: Wealth Stewardship

10. Wealth Preservation and Inheritance

Safeguard and plan for the transfer of your wealth.

  • Establish a family trust for asset protection and seamless inheritance.
  • Implement effective tax - planning strategies.
  • Invest in insurance products to safeguard your assets.
  • Formulate a clear wealth - inheritance plan.

11. Social Philanthropy

Create a positive social impact and contribute to the greater good.

  • Get involved in philanthropic activities.
  • Establish scholarships to support educational pursuits.
  • Back aspiring entrepreneurs to foster economic growth.
  • Contribute to broader social development initiatives.

Risk Advisory

Ready to Embark on Your Wealth - Building Odyssey?

Begin with the fundamentals, progress systematically, and steadily move towards financial freedom.

Explore Learning Resources