Kunpeng Project
Can I live on interest with a deposit of 300,000 yuan? Do the math
These days, it's really hard to make money. It is difficult for the average person to come up with three million. However, if you want to save 300,000 yuan, most people have this ability, earn 2,500 yuan a month, and you can earn 300,000 yuan in ten years, which is very possible.
If you really have 300,000, then you can only rely on "interest income" to make money. Is it possible to achieve this? Is this possible? In this regard, industry insiders said: "See for yourself." ”
1. Interest on bank deposits.
Since you rely on the interest in the bank to make ends meet, you don't need to consider the interest rate on your regular and short-term savings for the time being, because the interest on this form of savings is relatively small, and the income you can get is relatively small. In this way, it can be calculated according to the relatively long-term term of the current fixed deposits of various banks.
Judging from the relevant data, the savings interest rates of the six major state-owned banks are now very low, and the five-year interest rate is 285%, that is, if you save 300,000 yuan for five years, you can get 8,550 yuan of interest every year.
In contrast, the interest rate of small, medium and small banks is generally on the high side, and some banks have a five-year interest rate of 395%；Some five-year terms have an interest rate of 385%.That is to say, when the deposit of 300,000 yuan is 5 years, you can get an annual interest rate of 11,850 yuan per year, that is, 11,550 yuan. Faced with such a state of gains, one cannot help but ask: can it really solve people's daily needs? Keep watching!
2. Can you live with only interest?
In fact, whether a person's living needs can be fulfilled through the interest on his savings depends on his own level of living expenses. After all, the economic situation is different in each place, and there is a big difference in the level of consumption.
For example, according to relevant data, in 2020, the country's per capita consumption expenditure was 21,2099, Shanghai reached 425363 yuan; And ** is only 132248 yuan, a gap of more than three percentage points. However, in the past year, the average standard of living of residents in the country was 24,538 yuan, 30,391 yuan in urban areas and 16,632 yuan in rural areas. Compared with the annual interest rate mentioned above, it is obviously not enough to cover daily expenses.
Of course, if you really want to live with money, there is still a way. For example, a man who lives in the countryside and uses a well, water, electricity, and an earthen stove is frugal in every way, so he can make ends meet through the bank's deposit interest rate, because he doesn't spend much money on daily expenses.
In addition, if you do not put all your deposits in the bank, but put some of your money into other investments, such as ** and **; Or choose certain foreign trade enterprises with higher stable returns and comply with national guidelines, such as 1% profit within 30 days, etc., to increase real income, so as to increase the probability of living on interest income from savings.
All in all, living in a bank with a deposit of 300,000 sounds great, but it's actually quite challenging. Because in real life, there are many problems, and what is the interest rate of the bank? Therefore, in order to be financially independent, it is necessary to start from all angles and do a good job of financial planning.