What happens when you find that 90% of the people around you are in debt?
Looking at the overall population, the debt burden of 90% is a bit exaggerated. Looking at the three industries such as business investment, business, services, and real industries, the indebted population is indeed huge.
Where does the debt come from?
Generally speaking, it comes from entity venture capital, the real economy of individual enterprises and companies; housing loans, car loans, credit loans; education investment, health and disease... The basic life of the family results in minimal debt.
Who does this debt come from?
Judging from the age structure of the debtor group, the majority are those born in the 1970s and 1980s. The main debtors are concentrated in housing loans, car loans, education, health, diseases, etc. The special age structure causes families to be overwhelmed.
Families born in the 1970s include elderly people, students, and car and housing loans... There are three highs in today's society: "high housing prices, high drug prices, and high tuition fees." Countless families regard these "three highs" as "three big mountains". For a house with an area of ??more than 100 square meters in third- and fourth-tier cities, the mortgage loan is several thousand dollars per month. For a small cold, the same goes for medical treatment in third- and fourth-tier cities, except for the so-called The reimbursement part is not more than a few thousand and he cannot leave the hospital. Yesterday, my grandson caught a cold and spent one night in a tertiary children's hospital. The CT scan cost more than 700. There are one or two high school students in the family, and the annual tuition and living expenses are tens of thousands, that is, from elementary school to high school. Tuition fees cost thousands every year, and other arts and sports students cost even more money!
Most of the citizens are low-income groups. Most urban and rural families have an annual income of more than 100,000, and there may be more tens of thousands in rural areas... There are some foresighted, socially responsible, and even conscientious experts. Scholars are all clamoring for control of the "three highs"! ! ! Let the debt-ridden group owners around you and me lighten their burdens, and give the debt-ridden people the regeneration power to breathe and live.
Most of the people who are heavily in debt are social elites or middle-class families. Just imagine, do banks lend money to the impoverished poor? No, even if there is, it will be very little. Then isn’t the money given to the social elite to invest and operate, and to buy houses and cars for the middle class?
Most of the debts of friends around me are caused by investing in real estate! Although they are heavily in debt, in terms of fixed assets, most of them are millionaires or multi-millionaires!
People who are burdened with debt often have a greater sense of crisis and work harder and more diligently in their careers, so they are also the most motivated and eventually become successful people! Therefore, carrying a certain amount of debt within your ability is not necessarily a bad thing! But if those people who are not doing their jobs, eating, drinking, whoring and gambling are in debt, that's a different story!
I work in the building materials industry and I know a lot of people in this market. Of the 50 people, at least 45 are in debt and the remaining five are rich second generations. After all, the building materials industry is not their main business. Some soft furnishings stores, ceramic tiles and sanitary ware stores require millions of upfront investments, most of which are loans. However, there is no business, fierce competition, the impact of online merchant platforms, and high rents. It is very difficult for employees of such a large store.
When looking at debt, we need to divide it into two parts:
1. If the reason for your debt is to invest in assets, such as buying a house, buying stocks, or buying art, and the investment is successful The rate is relatively high. At this time, this kind of debt is a reflection of ability! This kind of debt will make you rich over time!
But if the investment fails, then this liability is similar to the second situation below! It will also make you gradually poorer.
2. If the reason for your debt is to use it as an overdraft for personal consumption rather than investment assets, and your consumption behavior has no explicit rate of return, this kind of debt will gradually make you poor!
Not 90% of my friends are in debt, but 60 or 70%. There are many people around me who are in debt. Not to mention anything else, just talking about credit cards, no less than one media has announced that the total number of people in China with debt is 700 million.
The total amount of overdue credit cards in the first quarter has exceeded 90 billion yuan, and it may be even more if bank loans and online loans are included. In fact, since the year before last, that is, in 2018, more and more people have been in debt. This year, due to the impact of the new crown epidemic, even more people are in debt.
Debt is nothing more than the following situations:
One: Investment. Everyone wants to get rich and change the living conditions of themselves and their families. They can only obtain greater wealth through investment. income. I have a friend who opened a chain of barbecue restaurants with a bank loan of NT$300,000 last year. The headquarters provided all the equipment. The renovation started in June last year and took four months because the equipment at the headquarters was delayed. Once it was in place, four months of rent was paid in vain. The decoration was not completed until the end of October. It was open for a month in November. I thought I could make some money during the Spring Festival. Who would have thought that an epidemic would wipe out everything? It stopped for half a year. When the epidemic was almost under control, his store was closed because he no longer had the money to operate, and 300,000 yuan was wasted. The bank called me every day to demand payment, which was miserable.
Two: It’s the so-called projects in the past few years, such as split disks, fund disks, virtual currencies, etc., a large number of people have fallen into them. Most people have no ability to distinguish and see someone making money. In July 2018, all these so-called projects disappeared overnight, and all the people’s money was taken away. Many victims appealed for rights and wanted to get their hard-earned money back, but nothing happened. Most people invest their money by borrowing money from credit cards or online loans. The platforms for these projects have all disappeared, and these people have become debtors. There are many people like this around me. Among them is a female colleague who invested more than 900,000 yuan in these projects, all of which were borrowed from credit cards and online loans. Now, 900,000 yuan has turned into a liability of more than 1 million yuan. How can I pay it back? ? Even if you break the pot and sell the iron, you won't be able to pay it back.
Three: Another one is over-consumption. For example, some people born in the 90s have no ability to make money, but in order to compare with others, they use credit cards to spend a lot of money. As a result, they all become debtors. I believe that this kind of There are probably only a few people who are in debt due to excessive consumption.
Four: It’s online gambling. As long as you get involved in online gambling, you will be in debt of hundreds of thousands or millions, or your family will be ruined. There are still many online gambling platforms that tempt people who don’t know the truth to be deceived. There is a child next to me who borrowed a lot of friends’ money to gamble online and lost hundreds of thousands. Later, he took his family’s house capital to a loan shark for a mortgage loan of 1 million, and went to Macau to gamble. As a result, he lost more than 1 million in a few days. Later, a loan shark company came to take possession of the house with the house book, and the family realized that the house was no longer theirs. It was really terrible.
With all this, there are so many people in debt now. They really don’t know how they will maintain their lives in the future, nor do they know how many years and months they will be able to pay off their debts.
The economy is not good, wages are not high, and business is difficult to do, resulting in limited income and rising prices of goods. If you still have to pay the mortgage, you will indeed be in debt!
First of all, it is no exaggeration to find that 90% of my friends are in debt. There may even be more. This situation is caused by the following: housing loan, car loan, super power consumption, negative equity investment.
1. Mortgage: It is far ahead in the proportion of total liabilities. For example, a male colleague of mine said that there is one day every month that is particularly painful. When he opens his eyes in the morning, 5,000 has been deducted from his bank card to pay for the mortgage. .
2. Car loans: only after home loans, with the rapid development of the Internet in recent years, people's horizons have become wider and wider, and at the same time, their desire for comparison has increased day by day. Now, to get married in rural areas, you must not only own a house, but also You must have a car, and the minimum starting price is 100,000. ,
3. Super power consumption: Regarding the definition of super power consumption, I personally believe that as long as you swipe your credit card, pay with Huabei, borrow money, etc., it can be regarded as super power consumption. The average family will pay off their mortgage and car every month. Loan, there is not much money left.
Barely maintaining daily basic living expenses cannot meet the related expenses incurred by maintaining social relationships. Many people consume for the sake of face, that is, the total consumption limit this month cannot be paid off on time next month, and it becomes a disgusting cycle over and over again, but Many people use it this month and pay it back next month.
4. Negative equity investment: How many of them blindly believe in the sentence "Don't be afraid of debt, if the debt is for investment, then it is the net worth." I don't comment too much on this sentence, and benevolent people have different opinions. A wise man sees wisdom, but many people become insolvent after investing with negative assets.
Summary: What is negative (owed) is always negative (owed), and sooner or later it must be paid back. People of the older generation often say that without debt, you will be light-hearted. Only by being self-disciplined, guarding against impatience, and controlling desires can you avoid the occurrence of debt. Eat less meat and compare less, and naturally there will be less chance of debt. Do it and cherish it...
Very easy to understand. Nowadays, most people talk about assets exceeding one million or tens of millions. But generally they are fixed assets. However, these fixed assets are obtained through self-accumulation and bank loans. Later, some assets have the possibility of increasing in value.
So although many people are now millionaires, a large number of assets are borrowed. In addition, their own income is not very large, and there are many family-specific factors that prohibit borrowing.
Looking at the people in the world who are in debt, they can only pay it off slowly in ten, twenty or more years!
In today’s society, living is a kind of debt. A kind of financial debt, high-priced education, high housing prices, high-cost medical care, abnormal weddings and funerals, etc., force people to race against time to work hard to make money. Come and pay off various worldly debts. The other is mental debt. After some people make money, they eat, drink, go whoring, gamble and smoke opium, which is all the five poisons. There is little positive energy in life. Negative life. Another type of spirit has pursuits and ideals. Playing chess, planting flowers, fishing, running, etc. are not only good for physical health, but also conducive to the harmony of social life. Therefore, whether you are in debt or not depends on your personal understanding of the current social environment and your different views on solving problems!
Life is stressful, my parents are getting older, there are mortgages, car loans, and children’s education. I can’t afford to get sick. I can’t afford to get sick. The salary of three to four thousand yuan a month really doesn’t hurt. rise!