Preface
If you have saved enough 1 million, congratulations, the proportion of households with 1 million savings in China is only 3% of the total number of households in the country. It means that you have taken a solid step on the road to financial freedom, and it is indeed something to be proud of and celebrate to be a part of this limited space. In order to help you better defend this hard-won first pot of gold, please remember the following eight tips.
First, keep your mouth shut, and keep a low profile
You just have a deposit of 1 million, and you may want to share the joy with your girlfriends, friends or parents right away. Keeping a low profile is the first step to protecting wealth, and the greatest evil of human nature is not looking down on others as better than yourself. When others know that you have so much money, they may ask you to borrow money, and you can't guarantee that everyone has the ability to repay, and eventually the money may be lost, and friendship or family relationship will also turn sour. What's more, now that social media is so developed, it may bring a lot of unnecessary trouble when you start showing off your wealth. Therefore, maintaining a sense of mystery and keeping a low profile is an important measure to protect your wealth and privacy.
Second, we need to carefully weigh bulk consumption
With this million savings, your spending demand will also rise, and you may want to buy a house, buy a car, or renovate your house. Remember, these large purchases will quickly consume your money, especially buying a house, now the property market is down, the opportunity to buy a house for investment is very small, many cities 1 million is not enough to buy a house, once you take out a loan to buy a house, it means that you will have to overdraft the income of the next ten years or decades, so don't buy a house, don't buy a house, don't buy a house, you must not buy a house. Buying a car, decorating these large expenses are also unnecessary and do not know where, the car can be driven without changing, the house can be lived in without decoration, try to avoid and control unnecessary large consumption, is an important step to maintain wealth.
Third, stay away from high-risk investments
Although investment methods such as funds, wealth management products, and stocks sometimes have high returns, they are also risky. As ordinary investors, it is safer to hold cashWe do not have enough information and experience to predict market movements, and it is easy to be troubled by market fluctuations. Remember, don't be greedy, making sure your wealth grows safely and steadily is king. When choosing an investment, prioritize safety and stability, avoid relying too much on high-risk products, develop a robust investment plan, start with small, low-risk products, and gradually accumulate experience and returns.
Fourth, maintain a good attitude
Being able to save 1 million shows that you already have good financial planning and self-discipline, but it does not mean that you can slack off or relax. Saving money is only the first step in financial management, effective management and growth are the key. Maintain a good mindset, no matter how much wealth you have, always be passionate and energetic about life, and actively look for new sources of income and investment opportunities. Pay attention to the balance of physical and mental health, avoid excessive anxiety and stress, and let wealth become a tool to improve the quality of life, rather than a shackle to life.
Fifth, guard against the "trap" that pulls you into the stock
Once someone knows that you have 1 million, they may persuade you to become a shareholder of a certain project or participate in a high-return investment plan, but this is likely to be a "routine". Remember, the higher the return of the investment, the greater the risk, when choosing an investment project, you must be cautious, do not be confused by small profits, especially those you yourself can't figure out, the so-called high return investment projects in the society, is likely to be illegal fundraising, will make you lose all your money, be sure not to believe verbal promises or promotional materials.
Sixth, rational distribution of deposits
Properly allocating your savings of one million is the key to preserving this wealth. It is recommended that you: deposit 400,000 yuan in the four major banks to ensure the safety of funds; 300,000 deposited in a low-risk bank to maintain some flexibility; 200,000 yuan for the purchase of savings treasury bonds to obtain stable interest income; The remaining 100,000 yuan is used as a daily reserve, so that even if there is an emergency, you can calmly deal with it. Diversification not only reduces risk, but also increases overall returns, and on this basis, the proportion of funds can be appropriately adjusted according to the individual's risk tolerance and goals.
Seventh, expand your wealth by starting with familiar areas
If you still want to grow and preserve your wealth, be sure to start with the areas you are familiar with. Many successful entrepreneurs start from their own areas of expertise, accumulate rich experience and resources, and then gradually expand to other fields. Doing the ultimate in a small area, and then consider expanding your side hustle, will not only protect your existing wealth, but also further increase your income, gain more room for development in a familiar business, and truly achieve the steady accumulation and appreciation of wealth.
Eighth, do good deeds and help others
When you have a certain amount of wealth, you may want to do more good deeds within your power to help those who are really in need. Kindness is a power that can bring you pure happiness and inner satisfaction, and the act of giving back to society will also make your life more fulfilling and meaningful. Wealth is not only the accumulation of material, but also the abundance of the soul, by helping others, you can not only pass on love and warmth, but also harvest more positive energy and social recognition, form a good social relationship and interpersonal network, and accumulate valuable resources and support for future development.
epilogue
A million deposit is an important milestone in life, but that doesn't mean it's something to splurge or take lightly. Following the above eight golden rules is not only a way to preserve your wealth, but also the right path to grow your wealth. I hope that everyone who works hard can have their first 1 million as soon as possible.