My Fintech Empire

After Mr. Liu ended his call with the bank staff, he couldn't help but clenched his fists and waved his hands in celebration. Now he could finally feel at ease. When he got home, he told his wife the news of winning the lottery as soon as possible.

After dinner, the couple began to calculate the future income and life plans of this financial product.

"320,000 yuan is our own money, and the other 680,000 yuan is a loan from a bank. The annual interest rate of the loan is 5.15 percentage points. The interest generated in one year is 35,000 yuan, and the monthly payment is 2,918.33 yuan..." Mr. Liu's wife took with a calculator and a scratch pad.

"Based on the expected annual income of 15%, this 1 million yuan of financial management can earn 150,000 yuan a year, and after deducting the interest cost, the net profit can be 115,000 yuan..." Mr. Liu's wife looked at her husband and said in surprise: "This is better than the two of you and me. The combined annual income of an individual is 30,000 to 40,000 yuan higher, and the loan can be paid off in six years."

"No, no, your calculation is ridiculously wrong." Mr. Liu grabbed the calculator and said: "The loan interest from the bank is simple interest, and the interest must be repaid at a fixed amount every month. And according to the contract, as long as we don't sell If you sell this financial product, the bank loan cannot be repaid."

His wife was surprised when she heard this: "You mean we can't pay it back even if we have money in the future? As long as we don't redeem the financial products, we will have to owe the 680,000 yuan, and then we have to pay 35,000 yuan to the bank every year." Interest money?”

Mr. Liu nodded: "That's it."

His wife immediately told the bank that it was too embarrassing. It was the first time she heard that the loan was not allowed to be repaid. Mr. Liu said helplessly: "There is no way. If I don't agree, the bank will not grant this special loan. After all, we don't have it." If you provide sufficient collateral, people will be powerful, and people will want it if you don’t want it, but as long as the income can cover the loan interest, it doesn’t matter.”

His wife then said to herself: "Fortunately, the interest is simple interest, not compound interest."

When Mr. Liu heard this, he immediately said: "Is it worth it to make a profit?"

With such a special loan contract, the banking institution obviously takes a huge piece of the cake by winning, and in theory it can continue to win.

And this contract is actually a bit unfair, because according to the loan contract details, the lender has the right to refuse the loan if it decides to repay it, but the bank has the right to withdraw the loan.

In other words, if the future direction is not right, the bank can decide to call back the loan at any time, and the lender will have to repay the money. If it is overdue, he will be sued. The result is almost certain that the bank will basically win the lawsuit, and the lender will be executed.

It can be seen that banking institutions are a very powerful party among them, making no less money, and the risks can be said to be the smallest among all parties, but even so, there are still a lot of people willing to lend money and accept such contracts.

In the final analysis, the expected future returns of the wealth management product of the wealth fund are too great. It is precisely because of this that banks will issue such a strong special loan contract, and it is expected that a large number of people will rush to get it.

At the same time, Mr. Liu said: "The calculation you just made is wrong. The interest here at the bank is calculated as simple interest at a constant interest rate of 5.15. The regular monthly repayment of interest is less than 3,000 yuan, but the income from financial products It’s compound interest, that’s how it should be calculated.”

"Suppose we calculate it based on a ten-year period. The interest from the bank is 35,000 a year. After ten years, the total interest will be 350,000. However, the income of this 1 million financial products is compound interest. According to the annual income of 15 percentage points Expected value, compound interest rolls over ten years, and after ten years the total principal and profit will be 4.0456 million yuan."

"Then after deducting the interest of 350,000 yuan, the remaining 3.6956 million yuan, which means that the expected value after ten years is a net profit of 2.6956 million yuan, and then deducting the loan of 680,000 yuan, the net value of our financial management after ten years will be That’s 2.3356 million yuan, and this money is all ours.”

When his wife heard this number, she couldn't help but said in surprise: "There are so many?"

Mr. Liu said with a smile: "There will only be more in twenty years. The interest in twenty years will be 700,000 yuan, but the income from financial management will reach 16.3665 million yuan with compound interest. The net worth at that time will be 14.9865 million yuan. After ten years, the rolling compound interest can reach 66.2118 million yuan, and the net value at that time will be 64.4818 million yuan."

"Theoretically, the longer the time, the greater the income. The expected value after thirty years can be more than 64 million, but the interest paid to the bank in thirty years is only 1.05 million. Even if the 680,000 loan is included, the total is only 1.73 million. In comparison, the interest paid to the bank is just a small change. As long as we endure the hardships in the first few years, life will get better in the future."

As soon as his wife heard this, she was full of expectations for life outside. She couldn't help but said: "I finally understand what it means to be bitter first and then sweet. According to what you said, I won't have to work in a few years, and you can retire early before the age of 40." .”

Mr. Liu smiled and said: "I am 30 years old and you are 28 years old. Maybe you can retire early even before you are 40 years old."

His wife looked around and said to herself: "After a few more years of hard life, when you get rich, you will first have to buy a big and comfortable house. You will no longer have to rent a house and live in such a shabby house. We also need to hire top tutors for our children..."

The young couple began to look forward to a better life in the future, and even couldn't wait to start planning in advance.

The shabby little house they live in now is still a rented house. They saved the 300,000 yuan through hard work, as well as their wife's dowry. They originally planned to use this money to make a down payment to buy a house. Now, they have all bought the first installment of wealth management products from a wealth fund, and Mr. Liu hid this from his parents.

His wife was still very afraid of being in vain at first, but Mr. Liu insisted on doing so, and she finally decided to support him, because they both had an agreement that all small things at home would be under the woman's control, and if there were differences between the couple in big matters The man shall prevail and bear full responsibility.

Just as the couple was happily planning their new life in the future, there was a sudden knock on the door.

The two people quickly stopped and walked out. Mr. Liu got up and went to open the door. He saw a strange man coming to the door. He was dressed in a suit and leather shoes and looked like a successful man.

"You are..." Mr. Liu looked at the stranger outside the door with confusion.

"Hello, you must be Mr. Liu." The strange man greeted him with a smile. Mr. Liu nodded. The other person immediately put up his business card and claimed to be a practitioner in the financial industry. He also expressed his intention to come and wanted to talk to Liu. Sir, let’s discuss a business.

This strange man introduced himself as a high-ranking man, but in fact he was a financial broker.

Mr. Liu invited this man into the house. His wife poured a glass of water for the strange man and then sat in the empty seat next to her husband. Mr. Liu looked at the strange man and said bluntly: "Mr. Li, if you have anything to say, please just tell me." Bar."

The strange man smiled and said: "Mr. Liu is very refreshing, so I won't mince words. You should have won the first phase of the wealth management product of the wealth fund, right?"

Mr. Liu couldn't help but feel surprised when he heard this. He nodded and said calmly: "That's right. But I didn't tell anyone about this. How did Mr. Li know about it?"

…