Does this count as having made it, or was it all for nothing?
After all these years, I’ve managed to save around 300,000 yuan.
I used to really want to buy a car, but now I have no interest at all. Cars depreciate as soon as you buy them, and maintenance and insurance cost money every year. A used car costing tens of thousands is more than enough for getting around.
Buying a house is even more out of the question. A colleague of mine bought a house with a mortgage two years ago, and its value has dropped so much it’s left him numb. He works overtime every day, and all the money he earns goes toward the mortgage. Even the down payment came from the savings of his parents and grandfather—three generations’ savings, gone in just two years. Now he doesn’t dare quit his job, but he can’t earn much either. His life is nothing like a normal person’s.
So I’ve finally figured it out: don’t tie up your money in things that depreciate. Young people should start learning about investing as early as they can. You can look into crypto and U.S. stocks. If you want something more steady, just invest regularly in the Nasdaq.
After all these years, I’ve managed to save around 300,000 yuan.
I used to really want to buy a car, but now I have no interest at all. Cars depreciate as soon as you buy them, and maintenance and insurance cost money every year. A used car costing tens of thousands is more than enough for getting around.
Buying a house is even more out of the question. A colleague of mine bought a house with a mortgage two years ago, and its value has dropped so much it’s left him numb. He works overtime every day, and all the money he earns goes toward the mortgage. Even the down payment came from the savings of his parents and grandfather—three generations’ savings, gone in just two years. Now he doesn’t dare quit his job, but he can’t earn much either. His life is nothing like a normal person’s.
So I’ve finally figured it out: don’t tie up your money in things that depreciate. Young people should start learning about investing as early as they can. You can look into crypto and U.S. stocks. If you want something more steady, just invest regularly in the Nasdaq.
