I think this varies from person to person
The difference in income determines the differences among individuals. I personally do not advocate this kind of “miser”-style “results” in financial management, and the master may not be a good one, yes, but I suggest you: you must save money regularly, and at least 10% of your income, I can still Suggestion: When you complete several money saving tasks, you should find friends to hold a small celebration together. Of course, this must be done without using your capital, so that you will be more confident in sticking to your financial plan.
You may be dismissive of this, but know that this is a financial security strategy that works for the vast majority of people. Although conservative, it is usable and feasible.
There is a problem here, that is, before you deposit this safe money in the bank, or after you have completed the task, you should spend it rationally! ! You must wait until you reach a certain level of financial management before using the money you earn for other investments or consumption. I’m not against buying luxury goods, but you have to do it within your means, and it’s best to buy without using your capital.
There are many people who don’t even have 12–24 months’ living expenses deposited in the bank. How can they talk about financial management? They don’t understand financial management at all; others are completely unrealistic; they have no sense of security or security at all! They face great fear in their lives! Most of them must be working for money; they have to do work they don’t like for money; they have no way to stop working, because once they stop working, they may not have food to eat next month! No matter how high their income is, their consumption is too strong, no matter how high their income is, they can still spend all their money.
Some people can earn 10,000 yuan a month, but they can spend it all on consumption, or even borrow money for consumption. It is incredible that most people have such a casual attitude towards money. Even if you achieve financial freedom, there is still a major premise: you must ensure that your expenses are lower than your assets! !
Therefore, the method from the first step to the second step is very simple, just one word: save! ! ! You can also save fiercely.
Simple and practical are usually the best; success is when you do simple things repeatedly! I believe that as long as you know how to save money and are willing to save money, you should be able to achieve this second step of financial security.
I also want to say that once you can get to this step, it’s not easy. Even if you are looking for a job after losing your job, you can still be selective. You can definitely ask the human resources manager of the company you are applying for to come up with your terms and price, because you can say to them forcefully: — “I able”!
Step Three: Financial Independence (Working All Day Stage)
Before reaching the second step, I think you are not qualified to travel around, buy brand-name mobile phones, computers, buy new clothes everywhere, treat guests to dinner, and you are not qualified to drive a luxury car… In short, you must stop all excessive consumption. , only if you can do it can you be qualified to enter the third step and work hard to achieve it.
What is financial independence?
China has had seven large-scale interest rate cuts in recent years, two large-scale interest rate increases, and another two large-scale interest rate cuts. After playing up and down for several times, it shows that the bank’s interest rate is not static, because the market is volatile and the currency is affected by inflation. Then, I calculate based on the most conservative annual interest rate, it should be 0.03.
After I entered the fourth grade of elementary school, if I didn’t copy other people’s math exams and took the exam myself, the failure rate would be 100%. In my future life, I have decided that I will only use the low-level numbers below the second or third grade of elementary school, because at most I can only use the low-level numbers when shopping, weighing, and making change. The advanced math that college students learn is like a myth to me, but fortunately I don’t use it at all.
Next, I ask you to calculate a low-level math problem for the second grade of elementary school:
Suppose that the bank’s annual interest rate is 0.03, and your own living expenses are 4,000 RMB per month. After one year, the bank will pay you 48,000 RMB in interest. Please tell me, how much do you need in your bank account? How much principal should be deposited?
What? A little messy? I finished this exam question in one sentence:
At an annual interest rate of 0.03, if you want to generate interest of 48,000 yuan, how much principal should you have?
Please calculate your answer within 30 seconds.
The answer is 1.6 million yuan. right?
In other words, if you have a deposit of RMB 1.6 million in your bank account, the bank will pay you an interest of RMB 48,000 per year. This RMB 48,000 is enough for you to save money in 12 months. , to maintain your life, even if you don’t go out to work, the bank will still pay you 48,000 yuan every year. This year you spent all 48,000 yuan, and next year you will have 48,000 yuan in your account, because your money is helping you make money.
How is it calculated? The above low-number question should be 48,000 divided by 0.03, which gives 1.6 million.
How to deposit 1.6 million yuan in the bank is your business, as long as you don’t break the law. You can work part-time (the prerequisite is to be a senior manager of a large company, or do marketing, but the prospects are bleak, and it will take two years based on an annual salary of one million), or you can be a freelancer yourself. Not everyone can become a “Little Shenyang”, but you can give full play to your strengths. For example, consider owning a dental clinic, a computer maintenance company, home decoration, running various skills training classes, etc. Occupation, because after all, the income from part-time work is limited.
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