First of all, not to mention the 90 after 00 generation, let's say we after 70 after 80, if we have 1 million w, 40 years old start not to work, what kind of life will you live? (You can leave a message in the comments section)
1, we certainly will not be like our grandparents generation, sitting in the house all day to watch TV, but also do not turn on the lights, the scope of activities is the neighborhood, right?
2, we certainly will not be like our parents generation (60-70 years old), square dancing every day, right?
We have 100w, do not work every day, there is no source of income, every day only outflow, no inflow
Here to quote the concept of a family cistern: you imagine the family's wealth is a cistern, if it has been in the leakage, but the flow rate of water into the faucet is slow, or only 1 faucet water, then the cistern dry up just a matter of time!
The most important thing to remember is that it's not just about the money.
The ideal state is: the water flow out of no problem, but to have more than one faucet inflow, to ensure that the cash flow continues
Look at these two charts: if not working, there are 100w in the hand, the money is enough to spend it
Note that this is still from the age of 55 (60 years old) counting on the conclusion that the women counted 30 years, men counted 20 years.
The average Chinese life expectancy is already 77.3 years. If you start not working at 40 and live to 80, 40 years, do you think 100w is enough?
The premise is also that you are single, unmarried, no family and no children.
Having XX million and starting not to work at 40 is a life many people dream of.
Learn about the FIRE lifestyle
The FIRE lifestyle is to save up 25 times a year's worth of living expenses at one time, and then find an investment that can earn 4% a year so that the annual return covers a year's worth of cost of living, and the principal doesn't move, so that you can earn your living expenses without working.
FIRE life has been popular in foreign countries for a long time, and the country has recently begun to pay more and more attention. If you want to FIRE, you have to have money to support your dream, saving money is important. And it has to be a fast way to realize the accumulation of wealth
FIRE life is essentially earning back your time.
When you learn how to make money with money, you'll never trade time for money again
ok, let's get the point
How do you make money with money? The first thing that you need to do is to get your hands dirty. By saving your paycheck? By the bank's pathetic almost-negative interest rates?
Can investing in real estate ease our anxiety?
In my opinion, investing in real estate is a very unwise choice
There is an aphorism in real estate circles: short-term look at the policy, long-term look at the population. China's population growth rate is declining, and in the future there will be negative population growth like in Japan. The 95s and even the 00s don't want to get married, and their parents have prepared several houses for them, and there are so many old people, so who will buy a house in the future?
No one is buying!
Even if you invest 100w in a house, who has the confidence to say that after 10 years can be sold 200w, not to mention the "earned" this 100w still have to pay high taxes or even have the future property tax, inheritance tax. The first thing you need to do is to get your hands on a new home.
A family, up to 2 suites in the hands. The more houses you have, the more negative assets
Buy a bank account?
Sorry, everyone will be disappointed again.
October 20, 2018-2020, **** there are 1618 bank financial products forced early termination (breaking the rigid exchange).
Just past 2022.1.1, the transition period of the new rules on capital management ended, and bank wealth management no longer guarantees capital and interest (you can search the new rules on capital management)
What about equity funds?
The stock fund itself is a high-risk, high-yield product that may make you rich today and lose your pants tomorrow. They are offensive assets in the family asset allocation. You can ask yourself, last year is earned or lost? If you did, can you keep doing it? This goes back to the question of this issue: stock funds in and out, you think you can steadily earn enough money to make you FIRE?
Here I'm going to talk about the rice-circleization of stock funds, which is a terrible thing.
A lot of people see all kinds of beautiful, handsome financial bloggers on platforms such as Zhihu, X tone, and so on, and they start to powder them, and invest out of their minds. What's the difference between this and the showbiz star chasing support? The first thing you need to do is to get your hands on some of the most popular products on the market.
Don't blindly believe in recommending a stock or a base, but go ahead and search the country to see how it's going to sound.
I have seen a beautiful blogger on the know-how to say their own "stock fund experience", she only said that the day to earn 5000, amplify the gains, the fund plummeted when the risk of blood and money did not mention the word? Last year, many stock promotion organizations have been copied. I do not agree with the blogger said "the fund's generally high returns, fire out of the circle", the fund's high risk, overnight back to the liberation of the former? People will not be blinded, right? Now in this era, everyone wants to get rich overnight, for fear of becoming an overnight negative
In addition, the blogger boasts of professional fund managers, I would also like to say: China's fund managers are generally "young", the practitioners of the time up to 15 years, has been regarded as "senior", such as Wells Fargo and the United States, the United States, the United States and other countries. If 5-10 years for a bull and bear cycle, our fund managers generally experienced only 1-2, more young fund managers, and even did not taste the taste of the bear and bull.
The blogger said she studied in the United States and has many years of investment experience. How much experience do you have at such a young age? Above I said, Zhu Shao-wake 15 years is considered very senior, a bit of fame, but also manipulation cases, this blogger as a senior investor, may I ask what is called? The first thing I'd like to say is that I'm not sure if I'm going to be able to do this, but I'm sure I'm going to be able to do it, and I'm sure I'm going to be able to do it, and I'm sure I'm going to be able to do it, and I'm sure I'm going to be able to do it, and I'm sure I'm going to be able to do it, and I'm going to be able to do it. She has the time to do the science for the funders?
If the bloggers really have "many years of investment experience", do they have time to hang out here?
She hasn't answered any of the professional questions we've been asked to answer, and we all know why.
I'm not trying to tear down the company, I'm just stating the facts. The message said "full of dry goods" leeks, you think about it, if the loss, the blogger and the stock promotion agencies do not have to bear the responsibility of a penny, but the loss of cut meat is you.
You will not be unaware that a lot of marketing number is to find a vase to the teleprompter read it? The first thing you need to do is to get your hands on a new one, and you'll be able to do that. Including the content of the narrative, with the picture, there are special people to do, they are only responsible for reading on it
leeks wake up some. Those who see the beauty of the road, I hope you can still love these bloggers when you have no money
Back to the topic
If you want to retire early to lie flat, there is enough money in hand to support the rest of their lives, is the need to have enough judgment and believe in the power of.
We must recognize one thing: the Chinese wealth growth system has begun to change in the last two years. In the past, it was a real estate-centered growth system: no matter what kind of family, six wallets were desperately trying to dislike each other, counting on real estate to become rich.
Now we gradually realized the risk of investing in real estate, and also experienced the poisonous beating of the stock fund, and began to realize that if you want to grow your wealth, you need to break the boundaries of your own cognition, and you need more knowledge reserves, risk education.
Many people began to turn the property into a "financial property", and even sell the excess property for "financial property": annuities and increased life. These two financial products will be familiar to you.
I don't need to elaborate anything, I just tell you (the sprayers don't have to spray, never advertising meaning, have judgment and believe in the power of the people, must listen to both is clear):
1, annuities and increased life (savings insurance), is the new management regulations clearly stipulate that the capital guaranteed by the financial products
2, those who buy a large amount of insurance policies (annual payment of 10 w, hundreds of thousands or even millions), must not be stupid.
3, I myself on the savings insurance for the people of the impact, is so summarized: it is a process of wealth redistribution, those who bought a large policy, 10 years 20 years later, the account of millions or even tens of millions of dollars of cash value, so that their family wealth has undergone a qualitative leap (of course, for the original very rich annual payment of hundreds of thousands or even millions of high net worth)
The psychology of the Chinese people is very strange: everyone wants to get rich, but most of them are limited by their own cognitive limitations, refused to believe. Until you see others are engaged, only a swarm of follow, but the window period has passed
This is why the people who get rich will always be just a few
Finished writing, so tired 。。。。
Good luck with FIRE!