Cao Dewang, you must be familiar with him, he is the founder and chairman of Fuyao Glass Group, and the first Chinese winner of the Ernst & Young Global Entrepreneur Of The Year Award. He has grown from a cattle herder to a world-class entrepreneur, and his life experience and entrepreneurial journey are full of legends. He is not only a successful businessman, but also a generous philanthropist, who has donated hundreds of millions of RMB to support public welfare causes such as education, medical care, and poverty alleviation. His wisdom and kindness have won the admiration and praise of countless people.
So, how does Cao Dewang view the issue of buying a house and saving in a bank? He once used "two sentences" to explain his views in an interview. "Buying a house is a sense of security, and saving a bank is a kind of conservatism," he said. These two sentences, simple and profound, show the essence and difference between buying a house and depositing in a bank.
Buying a house is a sense of security, because a house is not only an asset, but also a need to live. With your own house, you have a stable family, a comfortable life, and a bright future. A house can also be used as an investment to enjoy the benefits of rising house prices. However, the cost of buying a house is also high, in addition to the down payment, you also have to bear expenses such as loan interest, property fees, taxes, etc., and the liquidity of the house is low, in case of emergency, it may be difficult to cash out. Therefore, the premise of buying a house is whether you already own a house and whether you can meet the basic housing needs of your family members. If you don't own a house, or if it's too small, buying a house is a smart choice because it improves your quality of life and happiness. If you already have one or more homes that can meet your living needs and even some rental income, then buying a house is not a necessary option because it may increase your burden and risk.
The deposit bank is a kind of conservatism, because the deposit bank can guarantee the safety of the funds, can be accessed at any time, and can also obtain a certain amount of interest income. However, the yield of the deposit bank is also very low, and the current deposit rate is much lower than the inflation rate, which means that the purchasing power of money will continue to decline, and there are risks in the deposit bank, such as bank failure, currency depreciation, etc. Therefore, the premise of depositing in the bank is whether you have sufficient reserves and whether you can cope with various emergencies. If you don't have enough reserves, or have some short-term spending plans, then depositing in a bank is a reasonable choice, as it will keep your money safe and liquid. If you already have enough reserves, or don't have a short-term spending plan, saving in a bank is not an ideal option as it can cause your money to sit idle and depreciate.
To sum up, with 500,000 in hand, there is no fixed answer to whether to buy a house or deposit in the bank this year, and you must make a suitable choice according to your actual situation. However, no matter what, think twice and use it properly, so that you can create more wealth and live a stable life. What do you think? Welcome to leave a message to share your views, like, and retweet to let more people participate in the discussion.