Can you achieve financial freedom with a deposit of 1 million?
Just 20 or 30 years ago, ordinary people who could save 10,000 yuan were considered wealthy families. Now, it is quite difficult for ordinary families to save 1 million yuan, unless they encounter house demolition or win the lottery.
If a family of three has an annual income of 100,000 yuan, 60,000 yuan is left for daily expenses and children's education. The remaining 40,000 is saved. It will take 25 years to save 1 million yuan! Therefore, it is difficult for ordinary families to save 1 million yuan, and it is not easy to save as some people say.
According to the data released by the central bank, as of the first quarter of this year, my country's resident deposits exceeded 100 trillion yuan. Calculated based on 1.4 billion people, the per capita deposit reached 70,000 yuan. By analogy, the average deposit of Chinese families should be 210,000 yuan. In other words, your deposit income must reach 210,000 yuan to be qualified.
However, data released by Southwestern University of Finance and Economics show that 65% of Chinese families have deposits of less than 160,000 yuan. This means that only 35% of households have deposits exceeding 160,000 yuan, and only 30% of households have deposits exceeding 200,000 yuan. Households with deposits of 1 million yuan account for a very small proportion of society, accounting for only 0.14% of the total population.
So, if you have a deposit of 1 million yuan now, can you achieve financial freedom?
This mainly depends on three factors: First, the results are different in different regions. If you live in a third- or fourth-tier city, you can definitely achieve financial freedom with a deposit of 1 million yuan, and you can live a good life.
Because prices in third- and fourth-tier cities are not high, and people's income and consumption levels are also low. However, if you live in a first-tier city, where the per capita income and consumption levels are high, you can achieve financial freedom with a deposit of 1 million yuan, but it is only to maintain the most basic survival.
