In the past six months, I have often heard a passage that I used to be able to earn money, but I didn't know how to keep my left hand in and out of my right hand.
Now I know what the meaning of making money is, not only in addition to spending a lot of money, but also to save money and face special circumstances.
In the past two years, I feel that the economy has become more and more depressed, and the vast majority of people's consumption has been downgraded, and then lamented that I didn't know how to cherish the money before, but now it is "bitter".
Let's talk about my friend first, I had a supper with him some time ago and said that it was too hard to hold on!
He himself does business documentary in the company, mainly looking for orders and getting commissions for orders, and the average annual income in the past few years is about 250,000;
His wife is an accountant and has about 5,000 yuan a month.
The combined annual income of the two couples is about 300,000, which is considered the ceiling level of the well-off.
In September 2021, the real estate market just started to stabilize, and they felt that they could, so they bought a house with a total price of 250 yuan, a down payment of 30% of 750,000 yuan, and a loan of 1.75 million yuan, and the monthly payment of about 10,000 yuan per month.
This monthly payment is not very stressful for the two couples, after all, they do not have half of their income.
The economy in the past two years has been obvious to all!
That's about it!
The orders of the companies in the manufacturing recession have dropped sharply, and the average monthly income of 20,000 yuan has now become an average monthly income of 5,000 or 6,000.
Although the wife's income has not changed, the combined monthly income of the two couples is more than 10,000 yuan, which is not enough to repay the monthly payment!
What's worse is that housing prices have shrunk, close to 40%!
Now it is similar to the same type of house in the same community, and the transaction price of the floor is only 1.55 million, to be honest, most of the interest owed to the bank in the past few years is more than 1.55 million!
I have lost all my income for several years, and now I am thinking about whether to continue the monthly payment or choose to sell it or be ruthless, and just sit and wait for the auction of the house.
I said that I want to hold on to this economy, everything will be fine after the cycle is over, if I sell it now or sell it off, then it will be a real loss, as long as I don't sell it, more of the loss is just "numbers".
There is no regret medicine in life, if you are wrong, you are wrong, and if you buy a house now, it will be a completely different worldview!
Now the house price is low, the down payment is low, and the interest rate is low, and it is not an exaggeration to say that the same house is 1 million lower than he bought it three years ago.
I often hear a sentence that there is a danger before there is an opportunity, and this sentence may not be particularly useful for ordinary people, because whether or not they can survive this crisis is a question, how can they think of opportunities so much.
In the crisis, some people take the initiative to sell, some people buy the bottom, different people choose differently, and the final direction of wealth is also different.
Today, another friend told me that if I hadn't experienced this economic downturn, I even felt that the economy could "survive" no matter how bad it was.
I can't imagine that those people have the courage to buy a house, and they have to bear a 30-year mortgage, and the monthly mortgage is four or five thousand, five or six thousand, or even tens of thousands of yuan.
A mortgage is not like a car loan, the maximum time is three or five years, and after 30 years, it is difficult to guarantee your income!
I have also seen in society that too many people who had an income of millions or millions in the early years have all collapsed in just two years, and now not only have no income, but are also in debt.
One thought of heaven, one thought of the devil
Leverage can be said to be the origin of wealth, or it can be said to be pulled into the abyss.
What kind of assets can leverage leverage, and what kind of investments can bring higher returns?
Whether your income and cash flow can cover the cost of capital, or whether there is a B plan to reserve for the occurrence of special events.
Let's talk about myself!
The leverage is about to be blown up, three years ago the business was quite smooth, everything is developing in a good direction, there are a few businesses as long as you invest money in, the overall return is quite considerable!
So I went to the bank to borrow two credit loans, and I also invested in it, and at the beginning, the income in the first two years was indeed considerable, and the interest covering the bank was not exaggerated at all, and in less than two years, the bank's principal was about to be earned.
At the end of last year, it seemed that there was a sudden obstacle, and this kind of loss of money was not good, and it was not good to lose money, and this kind of failure was to lose money.
There is also a very strange psychology that I always feel that I can make a profit after this period of time, but I find that I have lost all the money I earned before, and I have lost all the principal.
Looking back now, it's like waking up from a dream.