If you had five million in cash now, what would you do?

九九中线 · 2023-10-18T13:16:22.000Z

5 million in cash is placed in front of you. It belongs to you completely. What are you going to do with it? I think you may have the following methods of operation? First, pay off your debts. If you are willing to use this money to relieve the terrible debts you are facing, I think it is very reasonable. The interest rates on some debts are ridiculously high. Pay them off as soon as possible to avoid selling out the capital. Maybe we haven’t realized that being enslaved by debt is already half a foot in the coffin. Especially for ordinary people, it is very scary and makes them miserable throughout their lives. Second, consumption is of course necessary if you want to improve your living conditions. Decorate and replace a comfortable house, change your favorite car, buy some useful things for your parents and children, take them out to play, and optimize the environment. It's so nice to be in a happy mood. But you must be careful not to over-consume. What I understand as over-consumption is not that you spend all your money, but that you buy things that will continue to be consumed. For example, a high-end car requires a lot of maintenance costs, which is completely unnecessary. When you blindly increase your consumption level, you will definitely pay a serious price. Third, the most difficult problem in investment and financial management is still this. Let’s not talk about how many people have been defrauded by investment. Let’s just talk about the operations that seem to be the most reliable. We have two goals in financial management. Either we can use this money to maintain a comfortable and comfortable living condition for a long time (the longer the better), and then allow ourselves to continue to do ourselves while enjoying a certain material standard of living. Do what you want to do, relieve some pressure, or simply suck it up until you die. Either you can expand the scale of your assets, continue to break through the ranks, and earn more assets. To put it simply, use 5 million to earn daily expenses, earn assets that increase and maintain value, and earn a new level. From then on, you may start to study various financial products, such as insurance, bonds, funds, stocks, trusts, private placements, and Bitcoin (yes, I even include Bitcoin), and start to get to know all kinds of people. You start to worry about the outlet of your assets, and start to An ant on a hot pot, anxiety. Yes, the real problem that most people have to face is to no longer be poor... And the above-mentioned state of anxiety may not make you feel much better. There is an operation method that is most easily ignored, and it is absolutely unacceptable to be thrown into it. Will consider the corner.Therefore, my suggestion to you is to deposit 5 million in a bank for a one-year fixed deposit interest rate. Ordinary banks can probably achieve an annualized rate of more than 2, and some small commercial banks can even increase it by 10%. When converted into adult income, it is about 10 Ten thousand yuan is an income of 100,000 yuan per year, 8,333 yuan per month, and you don’t have to do anything! Make money while lying down! If you use your brain a little bit and do some guaranteed financial management, the interest rate can be close to 5%. Even Weizhong's current deposit+plus and 5 million deposits and withdrawals at any time have an annualized rate of 3%+. What does this mean? With a little financial management and just relying on the bank, I can earn an income of 250,000 yuan a year, 250,000 yuan! It’s more than 20,000 yuan a month, compared to someone who earns more than 10,000 yuan in two months! So after you have this guarantee, wouldn’t it be nice to start the second stage of your life and do what you want to do with peace of mind? If you continue to expand the rate of return, the difficulty will begin to increase and the risk will slowly increase, which is not listed here. Okay, some people will definitely say that banks can fail too! You can’t just allocate cash! If you can't beat inflation and your asset utilization rate is low, your assets will shrink! Just control your positions and allocate your assets, right? Who knows what the future economy will be like, so be brave enough to seize the opportunity! To leave enough wealth to the next generation, it is best to leave it to three generations! To... Yes, yes, we have heard this statement too many times, but babies, who do you think the biggest audience for these words is? The bank deposit is no more than 100,000, the assets are no more than a house, the loan has not been repaid, and the worker is struggling to make a living. They are not yet middle class, and they may not earn 5 million in their lifetime. Do they really need to face such a complicated problem? Is it really high-level cognition that instills this in them? Having capital can free you from past restrictions and become free. Life no longer has a single choice. The so-called freedom of wealth is nothing more than that. Everything slowly gets better when you see the reality of the world clearly and lie down partially with a suitable posture. It's too strong to be able to fall down even after it's up. If you ask me what I would do if I had 5 million, of course I would spend half of it to buy Bitcoin. Even I am only half of it. You must have a leisurely job when you are awake in this world, but you must not resign casually #etf

5 million in cash is in front of you and it belongs to you completely. What will you do with it?
I think you may have the following ways of operation?
First, pay off your debts
If you are willing to use this money to ease the deadly debt in front of you, I think it is very reasonable. The interest of some debts is ridiculously high. It is better to pay it off as soon as possible so as not to sell blood to capital. Perhaps we have not yet realized that being enslaved by debt is already half a foot in the coffin, especially for ordinary people, it is very terrifying and miserable for life.
Second, consumption
If you want to improve your living conditions, it is necessary to renovate and replace a comfortable house, change to a favorite car, buy useful things for your parents and children, take them out for fun, and optimize the environment to bring you joy. But you must pay attention to one thing, don't overspend. What I understand by overspending is not that you spend all your money, but that you buy things that you will continue to consume. For example, a high-end car has a high maintenance cost, which is completely unnecessary. When you blindly increase your consumption level, you will definitely pay a heavy price.
Third, investment and financial management
The most difficult problem is still this. Let's not talk about how many people have been cheated by investments. Let's just talk about the operations that seem the most reliable. We have two goals in financial management. Either we can use this money to maintain a comfortable living condition for a considerable period of time (the longer the better), and then let ourselves continue to do what we want to do while enjoying a certain material standard of living, relieve some pressure, or simply let it go to hell. Or we can expand the scale of assets, continue to break through the class, and earn more assets.
In simple terms, use 5 million to earn daily expenses, earn assets that increase value and preserve value, and earn to a new level. From then on, you may start to study various financial products, insurance, bonds, funds, stocks, trusts, private placements, and Bitcoin (yes, I even include Bitcoin), start to meet all kinds of people, and you start to worry about the future of your assets. You start to feel anxious like an ant on a hot pot.
Yes, the reality that most people have to face is to no longer be poor... and the anxious state mentioned above may not necessarily make one feel much better. There is a method of operation that is most easily overlooked and thrown into a corner that will never be considered.
So, my suggestion to you is to deposit 5 million yuan in a bank for one year. Ordinary banks can probably achieve an annualized rate of more than 2%, and some small commercial banks can even offer an additional 10%. Converted into annual income, it is about 100,000 yuan. This is an annual income of 100,000 yuan, 8,333 yuan per month, and you don’t have to do anything! You can earn money without doing anything!
If you use your brain a little bit and do some guaranteed financial management, the interest rate can be close to 5%. Even WeBank's current account + plus, 5 million yuan can be deposited and withdrawn at any time, with an annualized rate of 3%+. What does this mean? With a little financial management, just relying on the bank, you can earn 250,000 yuan a year. 250,000 yuan! More than 20,000 yuan a month, which is equivalent to people with monthly salaries of over 10,000 yuan! So when you have this guaranteed bottom line, you can start the second stage of your life and do what you want to do with peace of mind. Isn't it great? If you continue to expand the rate of return, the difficulty begins to increase, and the risk slowly rises. I won't go into it here.
Okay, someone will definitely say that banks may also go bankrupt! You can't just allocate cash! If you can't beat inflation and your asset utilization rate is low, your assets will shrink! Just control your positions and do a good job of asset allocation, isn't that it? Who knows what the future economy will be like? You must be brave enough to seize the opportunity! You must leave enough wealth for the next generation, preferably three generations! You must... Yes, yes, we have heard too many such statements, but babies, who do you think the biggest audience for these words is? Bank deposits do not exceed 100,000, assets are only one house, and the mortgage has not been paid off, and the working people who are struggling for life.
They are not middle class yet, and they may not make 5 million in their lifetime. Do they really need to face such complex problems? Is the knowledge that is instilled in them really high-level? Capital can free you from the previous restrictions and make your life free. The so-called financial freedom is nothing more than this.
Everything starts to get better slowly, and you see the reality of the world clearly, and lie down partially in the right position. If you can rise up and not fall down, you are really strong.
If you ask me what I would do if I had 5 million, of course I would take out half of it to buy Bitcoin. Even for me, it’s only half. When I’m sober, I must have a leisurely job, and never quit my job easily.
#etf 