My family is on the road to "pursuing financial freedom." In the past few years, my wife has carefully studied and practiced the knowledge of asset allocation, explored, summarized, and solidified it, and formed a set of asset allocation models suitable for her family. In the past few years,

Able to achieve steady growth in household assets.

My wife became very confident because of this, and she hung a picture in her study: Be a friend of time, be a friend of compound interest, let your wealth grow like a snowball, and slowly get richer.

So, how much assets does a person or a family need to stop worrying about life?

1. Three standards for financial freedom (no longer anxious about money).

There are many concepts about financial freedom, and there are three most common concepts: one is quantitative financial freedom standards, one is perceptual financial freedom standards, and the other is formulaic financial freedom standards.

The first is quantified financial freedom standards.

Take Hurun Report as the representative.

Hurun recently released the 2021 financial freedom standards for Chinese cities, which are relatively objectively divided into three dimensions for first-, second- and third-tier cities. Each dimension is divided into four gradients: entry-level, intermediate, advanced and international level.

Take my first-tier city Beijing as an example: the entry-level wealth freedom threshold is 19 million yuan, which mainly includes a 120-square-meter urban permanent residence, 2 cars, an annual household after-tax income of 600,000 yuan, and an annual income of 8 million yuan.

Financial investment; the intermediate wealth threshold is 65 million yuan, which mainly includes a 250-square-meter urban permanent residence, a 200-square-meter second suburban home, 2 cars, an annual household after-tax income of 1.5 million yuan and 12 million yuan.

financial investment of RMB 190 million; the threshold for high-level wealth freedom is RMB 190 million, which mainly includes a 400-square-meter urban permanent residence, a 300-square-meter second suburban home, 4 cars, an annual household after-tax income of RMB 6.5 million, and

65 million yuan of financial investment.

The threshold for international wealth freedom is 350 million yuan, equivalent to 50 million US dollars, which mainly includes a 600-square-meter urban permanent residence, a 400-square-meter second suburban home, and a 400-square-meter vacation home each in the mountains and the sea.

, 4 cars, an annual household income of 10 million yuan after tax and a financial investment of 100 million yuan.

The second is the perceptual standard of financial freedom.

It varies from person to person, from region to region, and from experience to experience.

You feel that you have no worries about food, drink, housing, education, free time, and free mind. The state of "self-satisfaction" is your standard of financial freedom.

The third type is formulaic financial freedom standards.

Passive income (mainly refers to the after-sleep income from investment, financial management, rental, copyright and personal IP, that is, income obtained without spending time and energy costs) covers the rigid expenses of your life, which means you are financially free.

Regarding the above three views, benevolent people see benevolence and wise people see wisdom. When the public says that the public is right, the mother-in-law says that the mother-in-law is right.

In fact, for a specific person, as long as he finds the happiness point that suits him, he can achieve "financial freedom" without accepting other people's opinions.

However, for families living in Beijing, it is useless to rely solely on perceptual knowledge and self-feeling. Money is not everything, but no money is absolutely impossible.

Only by having enough assets and wealth can you truly avoid survival anxiety and play in vain.

2. Living expenses of an above-average quality for a family of three in Beijing.

I think the quantitative standards of Hurun’s “Wealth Freedom Report” are relatively close to my feelings.

In first-tier cities like Beijing, the entry standard for wealth freedom (to avoid survival anxiety) is 19 million yuan (as shown in the picture above). It has both real estate (owning a house) and financial assets (cash for investment and financial management), as well as maintenance

Cash flow (annual income after tax) for basic decent living and daily expenses.

Hurun has taken these three dimensions into consideration, so from this point of view, Hurun's standards are still in line with reality.

Let’s analyze the order of magnitude of the three dimensions in the Hurun Standard.

A small three-bedroom house with an area of ??120 square meters in the urban area has a market price of 10 million yuan, two cars cost 1 million yuan, and financial investment of 8 million yuan (including deposits, financial management, funds, bonds, credit investment, stocks and other investment and financial management).

In addition, there is a stable family after-tax income of 600,000 yuan per year.

A house not only has the function of self-occupation, but also has the functions of asset allocation, value preservation and appreciation.

Two cars are the basis of quality of life and are functional and consumer assets.

The annual income of 600,000 yuan after tax and 50,000 yuan per month has two meanings. 600,000 yuan after tax means about 800,000 yuan before tax, which includes five social insurances and one fund. Social insurance and medical insurance can be paid according to the Beijing cap standard.

Enjoy better protection.

The monthly cash flow of 50,000 yuan is mainly used to meet the investment of higher quality of life and higher quality of education.

Let's open up the details of Beijing's rigid household consumption expenditures and see if a monthly cash flow of 50,000 yuan can guarantee an above-average quality of life and education level?

——Monthly rigid expenses.

Property fees, water, electricity, heating network, mobile phone communication fees, rigid expenditures for gas, maintenance, repairs, parking fees, etc. for two cars, etc., calculated at a lower-middle level, there are rigid expenditures of 10,000 yuan per month.

——Rigid monthly living expenses.