This is a question a friend asked me a few days ago. I will try to answer it. Let’s not talk about the generation born in the 90s and 00s. Let’s talk about the generation born in the 70s and 80s. If we have 1 million and stop working at the age of 40, what will you do?

What kind of life do you live?

(You can leave a message in the comment area) 1. We will definitely not be like our grandparents, sitting in the house all day watching TV without turning on the lights, and the scope of activity is the community, right?

2. We definitely won’t dance in the square every day like our parents (60-70 years old), right?

We have 1 million and do not work every day. We have no source of income. There is only outflow and no inflow every day. Here is the concept of a household reservoir: Imagine that the family's wealth is a reservoir. If it keeps leaking, but

If the water flowing in from the faucet is slow, or only one faucet is flowing, it is only a matter of time before the reservoir dries up.

The most ideal state is: there is no problem with the water flowing out, but there must be multiple faucets flowing in to ensure continuous cash flow. Look at these two pictures: If it does not work, and you have 1 million in your hand, will you have enough money to spend? Please note that this is still starting from

Starting from the age of 55 (60 years old), it is concluded that 30 years are counted for women and 20 years for men.

The average life span of Chinese people has reached 77.3 years.

If you stop working at the age of 40 and live to the age of 80, in 40 years, do you think 1 million is enough?

The prerequisite is that you are single, unmarried, have no family and no children.

There are XX million people who start not working at the age of 40. This is a life that many people dream of.

Understand the fire lifestyle. The fire lifestyle is to save 25 times of a year's living expenses at one time, and then find an investment method that can earn 4% per year. In this way, the annual income can cover the year's living costs without changing the principal.

You no longer need to work to earn living expenses.

FIRE life has been popular abroad for a long time, and more and more people have begun to pay attention to it in China recently.

Want to FIRE?

You have to have money to support your dreams, and saving money is very important.

And it has to be a way to quickly accumulate wealth. FIRE life is essentially about earning back your own time.

When you learn how to use money to make money, you will never exchange time for money. OK, let's get the point. How to use money to make money?

Rely on saving salary?

Rely on Yu'e Bao?

Relying on the bank’s pitiful almost negative interest rates?

Can investing in property relieve our anxiety?

I think investing in real estate is a very unwise choice. There is a motto in the real estate circle: look at policies in the short term and population in the long term.

China's population growth rate is declining, and there will definitely be negative population growth like Japan's in the future.

Those born in 1995 or even those born in 2000 don’t want to get married. Their parents have prepared several houses for them. There are so many elderly people. Who will buy a house in the future?

No one buys it!

Even if you invest 1 million in a house, who is confident that you can sell it for 2 million in 10 years?

What's more, the 1 million you "earn" will have to pay high taxes and even future property taxes and inheritance taxes.

Excuse me, how much did you earn?

A family can keep at most 2 apartments in their hands.

The more houses you have, the more negative equity you have. What if you buy bank financing?

Sorry, everyone has to be disappointed again.

From 2018 to October 20, 2020, 1,618 bank financial products were forcibly terminated early (breaking the number of newly redeemed products).

Just past January 1, 2022, the transition period for the new asset management regulations ended, and bank financial management no longer guarantees principal and interest (you can search for the new asset management regulations). What about stock funds?

Stock funds themselves are high-risk, high-yield products. You may be rich today and lose money tomorrow.

They are offensive assets in family asset allocation.

You can ask yourself, did you make a profit or a loss last year?

If you make money, can you keep making money?

This brings us back to the question of this question: When stock funds come in and out, do you think you can make enough money stably to make you fire?

Here I want to talk about the fandom of stock foundations, which is a terrible thing.

Many people see various beauties and handsome financial bloggers on Zhihu, Xyin and other platforms, and start to follow them, and lose their sense in investing.

What is the difference between this and the support of star-chasers in the entertainment industry?

Over there, they spend money to support celebrities, but here, they use their own hard-earned money to support fund managers. Don’t blindly believe in those who recommend stocks and recommend foundations. Let’s search and see what the country says. You are all leeks.

I saw a beautiful blogger talking about her "stock fund experience" on Zhihu. She only said that she could earn 5,000 a day and amplify the profits. She didn't mention the risk of losing all her money when the fund fell sharply?

Last year, many stock recommendation institutions were copied.