In today's society, people's cost of living is getting higher and higher, and prices are soaring, which makes many people feel stressed.
In pursuit of a better life, many people choose to work hard, work overtime, or even sacrifice their health.
However, there are also people who choose a very different way of lifeThat is, to deposit 1 million in the bank and eat interest and not go to work, this is not the dream of everyone here.
There are a million who still work, who is still angry with the boss, how good it is to be directly stored in the bank, it must lie flat at home every day, and the money arrives every day, and the money has not been spent today, and the interest will come again the next dayBut is this true, and is a million interest really enough for us to live?
1 million is the yearning and pursuit of wealth and freedom for some people, however, the reality is not so beautiful.
Although a million deposits are placed in the bank to eat interest, do not work, do not make money,In the short term, it may be able to meet basic living needs, but in the long run, there are many drawbacks.
Bank deposit rates are notoriously low, especially against the backdrop of low interest rate policies maintained in many countries around the world.
Assuming that at the current general bank interest rate, it is difficult for even a high fixed deposit interest rate to exceed 3%.
This means that the interest income of a million deposits for a year is only about 30,000 yuan according to the most optimistic estimates, which is 82 yuan a day.
Anyone who has bought vegetables knows that now a pound of meat costs more than 30 yuan, a handful of vegetables is 10 yuan, and only 82 yuan a day, and you have to eat three meals
In addition to three meals, there are also high rent, medical care and other daily expenses, if you suddenly get sick one day, you can take a random blood draw and prescribe a medicine for hundreds of yuan.
It is obviously difficult to support a family with a moderate standard of living, let alone maintain a high-quality lifestyle.
In such a financial situation, it is obviously unrealistic to rely on bank deposit interest as the only income** to maintain basic living needs.
This is not only because of the pressure of daily expenses, but also because there will always be some unexpected expenses in lifeFor example, a family member has a sudden illness, home repairs, or other emergencies.
These are large expenses that need to be paid immediately, and it is obvious that an income of 82 yuan per day alone cannot cope with them.
And for adults who want to improve themselves and gain more opportunities through learning, the cost of self-improvement is also not small.
Then consider recreational and leisure activities, and while these may be considered discretionary expenses, they are essential for maintaining good mental health and quality of life.
People don't just live to survive, they also need cultural, leisure and social activities to enrich their lives, and this part of the cost should not be overlooked.
In such a situation, in order to ensure that at least they can cope with unexpected situations and not fall into financial crisis, a family or individual must find other incomes** or increase existing incomes.
Even individuals who can afford to live on interest on their bank deposits should be aware of the risks of over-reliance on a single income**.
Speaking of inflation, do you know what inflation is? Inflation refers to the phenomenon that the purchasing power of money decreases and the price level generally rises within a certain period of time. Inflation causes us to have less and less money in our hands, and it costs more money to buy the same goods and services.
The main causes of inflation are twofoldThe first is demand-pulled, that is, the total demand in the market exceeds the total supply, resulting in a shortage of goods and services, which pushes up the market.
The second is the cost push, that is, the increase in production costs caused by the factors of production, which is then passed on to the goods and services.
For individuals living on interest on bank deposits, inflation not only erodes the real value of their savings, but also makes it more difficult to maintain the same standard of living.
Even if a million deposits seem enough today, it may not be enough tomorrow as inflation continues.
When considering inflation, the most immediate effect is the rise in the cost of living, with the same amount of money buying fewer and fewer goods and services over time.
This means that even though bank deposits generate a fixed amount of interest income, the purchasing power of this income is decreasing.
As a result, interest income that meets basic living needs today may be enough to pay for fewer goods and services in the future.
To combat inflation, banks may raise interest rates, which means that new deposits will receive higher interest.
However, this change is not beneficial for deposits that have been locked in at a lower interest rate because their interest income will not increase as a result of the increase in market interest rates.
This creates an opportunity cost of funding, i.e. funds are locked in low-yielding deposits and are not able to enjoy higher market interest rates.
Prolonged inflation may lead to increased economic uncertainty, affecting investment and consumption decisions. For individuals living on interest on deposits, this uncertainty means greater risk.
In times of economic turmoil, the safety of fixed income, while attractive, can also become less reliable due to the high volatility of the market.
Inflation also presents challenges for individuals seeking to preserve or increase their value through investment. While certain investments, such as real estate or certain types**, may perform well in times of inflation, this requires a deep understanding of the market and sound investment decisions.
Relying solely on interest income from bank deposits does not adequately protect wealth from inflation.
Therefore, in the face of inflation,The key to maintaining financial security and quality of life is diversification and active financial planning.
This includes finding investment opportunities that can outperform inflation, diversifying portfolios to reduce risk, and regularly adjusting financial strategies to respond to changes in the economy and markets.
In this way, individuals can better protect themselves from the negative effects of inflation and achieve their goal of financial freedom.
And for some rich second generations, 1 million is just 001 small goal,They can't even buy the minimum configuration of Porsche, and this million can be regarded as dispensable for them.
For 1 million RMB, you can buy a small apartment in rural China, or a larger rough house in some second- and third-tier cities.
If you want to buy real estate in first-tier cities such as Beijing, Shanghai, Guangzhou, and Shenzhen, 1 million may only be able to buy a small toilet, which shows that 1 million has a completely different role in different cities, and 1 million in first-tier cities can't buy anything good.
Nowadays, many people have their own entrepreneurial dreams, but there is no capital, and no one is willing to fund, 1 million yuan can be used as the start-up capital for entrepreneurship.
You can open a small restaurant, bubble tea shop, clothing store, etc., you can be your own boss, you don't have to go to work anymore, and you can open the door when you want to open and when you close, it's up to you.
In addition, 1 million yuan can also be used for investment and financial management, with the rapid development of our economy, there are more and more channels for investment and financial management.
You can invest 1 million RMB in **, bonds, etc., or you can buy insurance products.
Investment and financial management can help people accumulate wealth, as the so-called "the bigger the wind and waves, the more expensive the fish", buy financial products do not listen to others, this financial products can make money to buy this, you need to have your own judgment.
1 million yuan can also be used to pay for children's education abroad, so that children can learn advanced technology abroad in foreign countries, and return to serve the motherland, so that our great motherland will become stronger and stronger.
During their study abroad, children can not only master the international cutting-edge scientific and technological knowledge, but also develop an international perspective and cross-cultural communication skills. These are very valuable qualities and abilities in the context of today's interconnected world and deepening cooperation between countries.
When these children return, they bring back not only knowledge and skills, but also an understanding and application of global best practices.
They can combine foreign advanced concepts and technologies with China's national conditions in many fields such as science and technology, economy and other fields, and promote innovation and development in related fields.
This will not only promote China's scientific and technological progress and industrial upgrading, but also strengthen exchanges and cooperation between China and other countries in the fields of science and technology, education, and so on.
Through their education abroad, these young people are also able to establish an extensive network of international contacts, which is important for their future careers and for China's cultural exchanges and economic cooperation in the context of globalization.
Their return can bring new ideas, new concepts and new solutions to China, and make indispensable contributions to promoting China's modernization and the enhancement of its international status.
In today's society, having millions of assets means that you can live a prosperous and comfortable life to a certain extent. But relying only on the interest on millions of deposits often does not meet our future needs.
Now that the economy is in a downturn, there is no regular income, and we can earn money through our own labor. If you don't want to work, you can also do some part-time jobs online, such as self-help, online training, etc., as long as you are diligent and willing to work, you will have a steady stream of income. There will be no pie in the sky, don't think that you can make a lot of money by lying down, no money is easy to earn, you need to pay hard work, only hard work, only hard work, in order to get returns. Finally, I hope that everyone will have a clear understanding of their financial situation and make reasonable consumption and investment decisions to make our future better. Okay, that's all for today's topic, is there anything you want to say? Welcome everyone to leave your views and suggestions in the comment area, and look forward to further with you.