With a deposit of 1.2 million in my country, do you have the "qualifications" not to go to work? Let's do the math. In the context of China's relatively high average house prices, prices and various living costs, in order to live a relatively decent life, a person needs to earn at least about 150,000 yuan a year. And if you want to save this money, you need to earn at least about 7,500 yuan per month. Then, if you have a deposit of 1.2 million, it means that you need to earn at least 10,000 per month.
So, does this income level have the "qualifications" in reality?
1. Stable income**.
What we need to consider is whether our income** is stable. Not going to work doesn't mean you don't have an income, but you need to find a stable way to earn and be able to meet your needs. For most people, a stable income** comes mainly from work, but in addition to this, we can also consider other forms of income, such as side hustles, investments, financial management, etc.
Of course, factors such as different occupations, educational backgrounds, professional backgrounds, and work experience will also affect an individual's income level. However, if your job is relatively stable and there is some room for growth, then you may be able to earn a relatively high income.
2. Financial management ability.
In addition to a stable income**, we also need to have certain financial skills. Wealth management is not only about depositing money in the bank, but also includes investment, wealth management products and other ways. If you can effectively allocate the funds in your hands through reasonable financial planning, then your deposit income will be greatly improved.
In addition, we also need to pay attention to risk control and not put all our eggs in one basket. For example, you can invest part of your funds in relatively high-risk areas such as **, but at the same time, you must also do a good job in risk control and asset diversification.
3. Cost of living.
In addition to income and financial literacy, the cost of living is also an important factor that affects whether we are eligible to go to work. In the context of China's relatively high average house prices, prices and various living costs, in order to live a relatively decent life, a person needs to earn at least about 150,000 yuan a year. This means that if you want to achieve your dream of not going to work, your cost of living cannot be too high.
You need to plan your spending wisely and control your spending level. For example, you can cut back on unnecessary entertainment and rent and other higher expenses. At the same time, you can also improve the efficiency of your capital use through financial planning, so as to reduce the cost of living.
Fourth, have certain specialties or skills.
In addition to the above factors, we also need to consider whether we have certain areas of expertise or skills. These skills can be experience, abilities, or hobbies gained on the job. These skills not only provide us with a stable income**, but also give us more control over our work and life.
For example, if you're a photographer or a self-employed person, you can use your spare time to start your own side hustle or entrepreneurial project. With these skills and specialties, you can earn more** and a sense of accomplishment that will allow you to achieve your dream of not going to work.
In general, the question of whether having a deposit of 1.2 million qualifies as not going to work varies from person to person. Because everyone's living environment, professional background, personal ability and other factors are different. Either way, as long as we can find the right way to manage our money and work, we will be in better control of our lives and futures. So do you think people with 1.2 million deposits would choose to go to work? Or has financial freedom been achieved? Welcome to leave a message to discuss!