#safe #safeWallet
I have a friend who earned more than 5 million a few years ago. He did not buy a house, stocks, or various financial products. He only bought a car worth more than 200,000 yuan as a commuter car. He deposited all the money in a commercial bank, withdrew the interest every year, and continued to deposit the principal.
He once said: If I want to buy a house, I can afford it, but I don’t want to buy it. My 5 million was deposited in the bank for five years, with an interest rate of 4%, and an annual interest of 20, which is equivalent to 16,000 yuan per month. I rented a three-bedroom and one-living room in Linping, Hangzhou, with an area of more than 100 square meters. The monthly rent is 3,000 yuan, which is only 36,000 yuan a year. The remaining 160,000 yuan is enough for my family of three.
Hangzhou’s housing prices are so high that 5 million yuan to buy a three-bedroom and one-living room is not in a good location. Now I rent for 20 or 30 years, and my 5 million yuan is still 5 million yuan, and our family also lives in such a big house, which is very cost-effective.
This friend is really very wise. He keeps the cash in his own hands. In comparison, I am miserable. I have only saved more than 1 million yuan in total after doing business for so many years. I am determined to buy a house. I paid all the down payment. After the house was delivered, I spent money on decoration and buying home appliances. I spent all the money. I still have to continue to do business to pay the mortgage and support my family. My life is very tiring.
I envy my friend so much. I wish I could have his awareness earlier!