Recently, some netizens asked that if there is 3 million principal, go to the bank to deposit money, just by eating interest, can financial freedom be realized? In fact, it is difficult for ordinary wage earners to save enough 3 million yuan, if you earn 10,000 yuan a month and can save 5,000 yuan a month, then the 3 million yuan will take 50 years to complete. If it is an ordinary person with a monthly salary of 5,000 yuan and saves 3,000 yuan a month, then it will take more than 80 years to save 3 million. Moreover, this must be under the premise of all stability and immutable.
First of all, let's analyze, if there is a principal of 3 million, can we rely on interest to achieve financial freedom? If you deposit the 3 million bank demand interest, the current demand interest is 0.35%, and the deposit interest for that year is only 10,500 yuan, and the average monthly interest is 875 yuan.
Obviously, the monthly living expenses are less than 1,000 yuan, which is unsustainable. Moreover, if there are 3 million, you can completely deposit the time deposit of the bank, and there is no need to deposit the bank's demand period. In our opinion, demand deposits are mainly suitable for individuals or businesses that want to use this fund at any time. In most cases, demand deposits are certainly not cost-effective.
So what if the principal of 3 million yuan is deposited in the bank's 1-year fixed deposit? At present, the interest rate of one-year fixed deposits of state-owned banks is 2.1%, and after 3 million principals are deposited in the bank, there are 63,000 yuan a year, an average of 5250 yuan per month. If you deposit 3 million into small and medium-sized banks, you can get a deposit interest rate of 2.25%, an average of 67,500 yuan a year, an average of 5625 yuan per month, it should be said that 3 million even if you deposit 1-year fixed deposit interest, you can be enough for a family's daily living expenses in the big city, but you can only live an ordinary life, basically achieve financial freedom.
What if the principal of 3 million yuan is deposited in the bank for 3 years? At present, the interest rate of 3-year fixed deposits of state-owned banks is 3.25%, even the interest rate of large deposits is only 3.35%, and the average annual interest rate is 100,500, an average of 8375 yuan per month. Of course, you can also deposit 3 million principal into small and medium-sized banks, small and medium-sized banks now have a three-year certificate of deposit interest rate of 3.55%, an average annual interest rate of 106,500, an average of 8875 yuan per month, such interest income, even in first-tier cities, can also live a relatively rich life.
Of course, for state-owned banks, they are not short of such large depositors, so the possibility of depositing 3 million deposits and negotiating interest rates with state-owned banks is basically non-existent. If there are 3 million deposits, it must have exceeded the threshold for negotiating interest with small and medium-sized banks. Usually small and medium-sized banks are more concerned about such large depositors, and will rise by 0.3 to 0.5 percentage points on the basis of the original interest rate.
In other words, if the principal of 3 million is deposited, it can earn more interest income of 9,000 yuan to 15,000 yuan per year than the previous average. Therefore, if you take 3 million to small and medium-sized banks to negotiate interest, you can get more interest income every year, even if you stay at home, you can live a worry-free life.
Although with 3 million principal deposited in the bank, it is completely possible to live a life without going to work and financial freedom. However, domestic inflation is still relatively strong, so if the interest on the deposit of 3 million is used for living expenses, then the 3 million principal will soon shrink seriously. Therefore, it is best to leave a part of the interest income and increase the amount of principal, which can delay the erosion of the principal by inflation.
In addition, at present, the domestic deposit interest rate is in a downward trend, I am afraid that this year's 3 million principal can get this interest rate, next year's interest rate may continue to decrease. So, now that there are 3 million with interest, the life is still relatively rich, but in a few years, the fixed interest rate on deposits may fall, and the days will be more difficult than before.