Six Steps to Achieve Financial Freedom (Part 6)
Generally speaking, in the fields of the four big steps mentioned above, you can be a part-time worker or a freelancer, but if you want to continue to achieve higher goals after living, you need to have other investments. After combining, for example, securities, real estate, enterprises, etc., you can analyze and choose profitable projects to do.
Because these investments are in addition to the 1.92 million yuan you have in the bank, even if you encounter huge risks and then return to zero, you can still maintain the level of financial vitality. That is, don’t forget, you have 1.92 million yuan is deposited in the bank account, and the bank is still giving you 57,600 yuan in living expenses every year.
In the field of financial freedom, I have not achieved it myself, but some of the high-level friends I know have achieved it. The power of role models is infinite, and the knowledge I have learned can tell me that this is It can be done.
Because this is beyond the imagination of most people. After all, in this field, not any wage earner or small self-employed person can enter, because there are many financial management tools you can choose from, and the technology required is more advanced. If you encounter If you choose something with a high rate of return, you may achieve financial freedom quickly. Of course, make sure your income is legal. Furthermore, your expenses must be lower than your assets.
Now, please go out and take a shower. Oh, no, just wash your face. After you wake up, come and listen to me calculate this account in detail.
I still use the safest method in history — the bank as an example, because it is not the best, nor is it the fastest, but it is the safest, simplest and most practical. I have achieved financial intelligence and savings with “genius” The reason for the combination is here.
Let us first calculate a low-level math problem in elementary school:
I assume you have 40,000 yuan in living expenses per month, which is 480,000 yuan a year. So, when the annual interest rate is only 0.03, how much should your principal in the bank be?
I believe this is no longer difficult for you who are smart. The answer is: 16 million yuan! ! !
Wow! Some people may be shocked when they see this number, so some people say: “Why should I spend so much money? I am already contain with what I have.” Let me show you a detailed calculation first:
As long as you deposit 16 million yuan in the bank, the bank will still pay you 480,000 yuan a year without you having to do anything, allowing you to live the life of your dreams; live in the house of your dreams House; drive the nice car of your dreams; every month you can give your children 10,000 yuan as education expenses, hire national-level senior teachers to teach your children knowledge that ordinary children cannot learn in school; you You can give your parents an unexpected surprise from time to time.
For example, I said to my father and mother early in the morning: The weather is really nice today. I will give everyone of them 10,000 yuan. You go out and spend it all. If you can’t spend it all, you will not be allowed to enter the house…wait, wait… …Because you don’t need to go out to work. After you spend all 480,000 yuan in one year, the bank will give you another 480,000 yuan in interest next year, and the year after that, and the year after that… In short, when the day comes, there will be a sound. still.
After you gain financial freedom, you will find that you can do what you like to do, go where you want to go, and say what you want to say, and no one dares to yell at you. Therefore, mentally, you also Got free.
There are two things:
The first one is called increasing income. You must be able to make money. The higher your income, the faster it will take to achieve financial freedom;
The second one is called cost reduction. This requires you to use great patience to control your desires, live an ordinary life first, use money to make money, and then enjoy life after your goals are achieved.
The above beautiful blueprint for financial freedom is most suitable for business owners who own businesses, or investors. But there is a good habit here — that is, you must first ensure that you can get the amount of 480,000 yuan in cash every year, and then invest and make money through other tools. This idea and habit can make you worry-free for a lifetime.
When it comes to financial freedom, there is still one major premise: Make sure your expenses are lower than your assets! !
Step 6: Complete financial freedom (the stage of prosperity and regret)
Complete financial freedom means that your deposits in the bank, with an annual interest rate of 0.03, will generate interest that is at least 20% higher than 480,000 yuan. What is the principal of such a bank? You are limited to 5 seconds to answer, hurry up.
The answer is 19.2 million yuan.
With this 19.2 million yuan, you can immediately live a quality of life that is 20% higher than financial freedom. This is complete financial freedom. No matter you are 30 years old, 35 years old, 40 years old… you can announce: I am retired! !