The invention relates to a method for preparing fluorescent nano material converted on NaYF4, comprising the steps: yttrium nitrate, ytterbium nitrate and erbium nitrate or yttrium chloride, ytterbium chloride, erbium chloride and thulium chloride are dissolved in de-ionized water according to the mixture radio that the mol ratio of rare earth ions which are yttrium ion, ytterbium ion and erbium ion is equal to (70-95): (1-25): (0.5-10), so that the mixed solution is prepared; water soluble polymer having the ligand radical with the rare earth ions is added into the mixed solution for stirring reaction to form complex compound; the pH value of the mixed solution is adjusted to be 2-6; sodium fluoride, ammonium fluoride or hydrofluoric acid can be added into the mixed solution and stirred until colloid solution that is approximately transparent is obtained; then, the colloid solution is put into a high pressure closed reactor and heated at the temperature of 140-200 DEG C; after that the obtained product is cooled to be the room temperature, centrifugated, separated, washed and dried, finally, the fluorescent nano material converted on NaYF4 is obtained. The method can be used for preparing the converted material at lower temperature, the particle size and the appearance can be controlled, and the water-solubility is good.