If you have 100,000 yuan, how should you manage it?
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This post was last edited by Guan Gongyu on 2016-1-14 at 16:33. I have accumulated 100,000 yuan. How to manage finances? My wife’s advice is to keep paying the mortgage. Our loan has a term of 30 years with equal principal and interest payments. A loan of 280,000 yuan results in repayment interest of 260,000 yuan. I have already repaid it for 5 years. Given the high interest rate, I would like to repay the loan in advance. However, I think so much interest has already been paid in the early stages. Pay it off in one go. Or they won’t pay it back. 100,000 yuan – what can one still do with it after 30 years? But I don’t have any investment projects available, and I lack the skills to do business. It can only be deposited in a bank or on Alipay. If you can’t do any other financial management, it’s actually better to pay off the mortgage in advance. If anyone has good suggestions, feel free to share them. 1. Supports early repayment of mortgage loans: Reason 2. Supports investment in financial products: Reason. After considering the suggestions of most people, I chose to make an early repayment! ! I’ll give you an account of the expenses. The loan has a term of 30 years, totaling 360 installments; 50 installments have already been paid, leaving 310 remaining. The original amount due was 1,054 yuan per month, with 310 remaining payments, for a total of 1,054*310 = 326,700 yuan. After repaying 100,000 yuan in advance, the monthly payment amounts to 469 yuan, still over 310 periods, resulting in a total of 469*310 = 145,300 yuan. The difference is: 326,700 – 145,300 – 100,000 = 81,400 yuan. In other words, by repaying 100,000 yuan in advance, 81,400 yuan less in interest is paid. This investment is quite good. PS The premise is that if I use 100,000 yuan, I won’t do anything else and won’t be able to earn 80,000 yuan.
100,000 yuan? It’s not easy to discuss financial planning!
What can one do in 30 years from now, at 100,000? Hahahahahah, no need to answer. If your job is stable, then you can choose 1. If the interest on the repayment still amounts to 260,000, and you have concerns while unable to find a suitable \"investment,\" then it’s better to choose option 2 sooner! Because financial management won’t fill your pockets; only investing can.
The job is stable; there will be no changes in the near future, and the salary will remain unchanged. No funds have arrived. It mainly relies on the incomes of the husband and wife, as well as withdrawals from the housing fund.
After reading the replies, it seems that the OP has a stable job and access to a housing fund, so there shouldn’t be any problems with paying off the mortgage – it can be repaid over time. As for investment options, some yield high returns but carry high risks, while others offer lower returns but less risk. The OP might want to explore different investment platforms; in any case, investing outside the bank will definitely yield higher returns than keeping money in a bank account
I have 100,000; I’ll use it to pay off the mortgage first. All those financial management services are just there to help others manage their finances ； Putting money in the bank doesn’t make much sense unless you need an amount to support yourself in the coming years. Only when you get the house does it truly become yours, in reality. To put it bluntly (something no one wants to encounter): the currency loses value, jobs disappear, there are costs associated with sending children to school, and there are expenses when parents fall ill. . . . If you can’t pay off your mortgage, do you lose a place to live?
Still not paying, writing so many words for nothing
Supports financial management: such as stocks, or investments in watermelon and lotus industries
This post was last edited by cflt111 on 2016-1-13 at 08:16. The current interest rate on mortgage loans is 4.9%; an investment is only worthwhile if it offers an interest rate higher than 4.9%. The lowest rates available are those offered by platforms like Taobao or Alipay for one-year terms, with an interest rate difference of 1% per year, which amounts to 1,000 yuan – a significant amount