Hello everyone, I am the deer mother who is still updating articles on the last day of my life~
I know that you are going to spend money, so today I will talk about a particularly meaningful topic, how to save money?
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A piece of trivia you don’t know: long-term savings insurance is actually a magic tool for saving money.
Because of this thing, you have to pay premiums at some point. Lock in a lifetime interest rate for the future and come back when you need money.
For example, (take a certain product as an example, the specific calculation needs to be based on personal choice) .
html A 130-year-old woman saves 20,000 every year for 10 consecutive years, and the rest is left to time.
html will receive 249,000 in 110 years. The principal will not be lost and the income is fully guaranteed, which is printed in the contract.
This money can be withdrawn at any time in the future. If it does not move, it will continue to increase in value with lifelong compound interest on the account.
If you look at the magic mirror of long-term savings insurance, the compound interest rate of the product is 3.5%, which is almost unbeatable among long-term financial products. It is very powerful~
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If you have any questions, please ask - 3.5%? Are you embarrassed to say you are invincible? ?
.5% is indeed not high from a numerical perspective, but it is not low from a mathematical perspective.
Many people like to compare insurance interest rates with buying a house or managing finances, and finally gave me a look of disdain.
Ignoring the risks and talking about the benefits is just being a hooligan.
Take real estate as an example. Assume that in 2015, a 30% down payment and a 70% loan were used to purchase a first-tier city property worth 3 million, which has now risen to 4 million.
If you are lucky, you will have tenants throughout the year. The monthly rent is 6,000, and the annual income is 72,000. The actual annualized rate of return is 2.4% (simple interest).
Is the profit from buying a house high? Not high at all.
After calculating the value-added income of the house, the down payment is 900,000 + deed tax 100,000, for a total investment of 1 million.
html The monthly payment is 14,315 (1.1 times based on the benchmark), and the cumulative repayment in 5 years is 858,900.
html Sell it for 4 million 15 years later, earning a total of 4 million - 1.76 million (unpaid amount) - 1 million (down payment) - 850,000 (loan repayment) = 377,000.
So the annualized rate of return in five years = 377,000/(1.8589 million * 5 years) = 4%, simple interest!
The above series of operations should be viewed in the context of real estate appreciation. Actual real estate investment has risks.
Really take risk factors into consideration, what is the same as real estate? BOC lost all its crude oil treasure, and all P2P companies ran away.
Long-term savings insurance, as a stable long-term savings product at the national level, competes with national bonds and certificates of deposit.
The latter two are calculated as simple interest, while insurance is calculated as compound interest.
The current simple interest on large-denomination certificates of deposit is 3.8%, and the compound interest on long-term savings is 3.5%.
It is easy to see from the balance guarantee that the risk-free interest rate will be low in the long term. Insurance locks in compound interest for a lifetime in the future. The compound interest will scare you to death~
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If there is a 1% probability of turning 100,000 into 100 million, do you dare?
html If you have a monthly salary of 500 yuan, you will definitely not do it;
html If you have a monthly salary of 5,000 yuan, you will not, and people who live a good life do not like risks;
html If you have a monthly salary of 50,000 yuan, you will definitely do it, because you can afford to lose.
All investments are essentially games of probability. Stocks, funds, futures, and gold all involve risks. The prerequisite for
to enter the market is that you can afford it.
Only by using insurance to solve the life risks of illness and old age can we have the confidence to give it a try.
If you win, you will get a large reward; if you lose, your life will be insured.
The essence of planning assets is: The chess game is set when you are proud, and you still have the bargaining chip in hand when you are in trouble.
