In 2024, how to deal with the four major challenges of shrinking wealth
Ordinary people in China, as long as they have extra money, will keep the excess money in the bank, especially some people with a lot of savings, they will keep the money in the bank.
However, starting from 2024, if your savings are more than 300,000 yuan, you will encounter four major problems, so you must manage your money carefully!
Inflation reduces the purchasing power of savings.
After the bank loosened the monetary policy, money flowed into the financial market, but there was also some money into the commodity market. As a result, the price of daily necessities has risen year by year, and the real value of ordinary people's savings has continued to fall. In a situation where savings rates are falling and falling, it is unrealistic to rely on savings interest alone to curb inflation.
In this case, depositors must find a way to deal with inflation. If you are not willing to take risks, you can choose large certificates of deposit, structured deposits, treasury bonds, etc. While the return on this asset may not be higher than inflation, it is still a bit higher than bank savings.
Savings interest continues**.
Starting in 2023, major commercial banks are cutting interest on their savings, and now, interest is usually less than 3% for three years and even less than 2% for one year. Savings rates have fallen to record lows, which means that savers are getting less and less profitable.
In 2024, savings rates are likely to continue to fall, which will allow residents who have saved more than 300,000 to receive more interest income. In order to obtain a higher interest income, I recommend you to buy some fixed deposits or bonds.
Think carefully about the entrepreneur's decision.
At present, the unemployment rate continues to rise, and it is becoming more and more difficult to find a job, which is a big problem for many people. All this, along with the reduced interest on bank savings, has made many people think of starting their own businesses. However, the path to entrepreneurship is very risky. As people's incomes get lower and lower, people's purchasing power is getting weaker, and in this situation, it is becoming more and more difficult for businesses to survive. At the same time, the rent has also cost the owners a lot of profits.
From 2024 onwards, if you have more than 300,000 savings, then you have to think about your career. If a new venture is a big investment and carries a high level of risk, perhaps you can keep the money in the bank to ensure that your capital is not lost. In the enterprise, the risk of the enterprise is relatively low, therefore, the enterprise should make the correct business plan according to its actual situation, select competitive industries or projects, and minimize the temporary, so as to increase the success rate of the enterprise.
Don't spend your money on it.
As the interest rate is getting lower and higher, more and more people are beginning to invest their funds in high-return investments such as foreign exchange. However, the current investment climate is not optimistic, and if you act rashly, the losses will be even greater.
Most depositors recklessly invest in the ** without a financial foundation, which is tantamount to asking for their own death. Instead of taking risks, it is better to keep your money in the bank, at least to guarantee the principal and interest.
Finally.