A family with $1 million in savings now will be very happy, and even happier that the money will be more and more valuable. Why? Experts in the industry have revealed an important piece of information, the sooner you know, the more you can benefit, see if it will help you.
Today, many families actually have $1 million in savings. However, in the last few years, they have chosen to buy a house. Because in the past few years, house prices have risen very much, and you can rent out a house after buying it, and you can still get a good income every month. But in recent years, people's perceptions have changed, and now they prefer to keep their money in the bank rather than buy a house. Why?
The first point, take my friend as an example, three years ago he spent 1 million to buy a small house of 90 square meters. And now, you can buy a 130 square meter house for the same 1 million, with more units and options.
If you had deposited this money in the bank three years ago, the interest rate would have been 3.8% to 4.0% at that time based on a large certificate of deposit of 1 million. By now, you can earn hundreds of thousands of interest. Now you have more than 1.1 million in your hands, and the house you bought three years ago has depreciated to seven or eight hundred thousand, a gap of several hundred thousand.
Second, families with 1 million savings in their hands are more secure in terms of security. As we all know, society is changing rapidly, and many people may have experienced several years of precarious employment and increased household spending.
With a deposit of 1 million at this time, you don't have to worry about the risk of losing your job or worrying about your child's education. With this money, you can plan well and deposit in the bank every year to earn tens of thousands of yuan. Although interest rates have fallen, saving is still a relatively reliable option.
The third point is to consider 1 million from the point of view of purchasing power. Many people may say that money will continue to depreciate, but think about the previous "10,000 yuan households" also said the same. In the past, 10,000 yuan households were indeed very rich, but now 10,000 yuan can only buy an Apple mobile phone.
However, if you take a house as an example, 1 million yuan can buy more things. Compared to 10,000 yuan that can only buy some daily necessities, this is a big difference.
So don't believe the so-called "can't outrun inflation" or "depreciation of purchasing power". With 1 million people, they will get richer and richer. Therefore, many people find that families with 1 million deposits in their hands are really very happy and happy.
If you had 1 million, would you choose to buy a house or keep your money in the bank for interest?