From Debt Twenty Thousand To Millionaire: Buying Insurance Is Good At Matching.

"The more money you can spend,"

This is Zhao Chengchang's mantra and her real experience from her debt to the real millions of dollars today.

Liabilities 20 thousand still buy insurance

In 1997, Zhao Chengchang's sweetheart had been diagnosed with cancer, and his son was going to take the college entrance examination next year.

The family had already emptied because of her husband's illness, and her son's college tuition didn't come down. He stayed home for more than two years and lost 20 thousand of his foreign debt.

At that time, Zhao Chengchang saw the news that the interest rate would be lowered from the newspaper. She thought that the insurance price would rise if she had advanced insurance consciousness, so she took the initiative to go to the insurance company, bought herself an endowment insurance, and bought an education fund for her son.

At that time, many people did not understand that she was in debt to buy insurance. "Loved ones are terminally ill, their sons go to university, they need money everywhere, where are there any spare money to buy insurance?"

Zhao Chengchang believes that because the family is poor, the husband is suffering from a fatal illness, and it is not guaranteed that it must buy insurance.

It is impossible to buy such a cheap insurance now, and it is impossible to have 8.3% such high compound interest.

After that, no matter how hard it was, she never lost her insurance. Instead, she continued to increase insurance after the increase in income. After buying all the basic insurance categories such as pension, medical care, accident, education, and so on, she bought a financial insurance category such as dividends and investment. Now, 1/3 of her spare money is insured.

Purchase after SARS

In early 2003, SARS broke out, and public activities were mostly suspended.

At the end of SARS, she took advantage of the housing market downturn, she quickly launched a set of North China Road house.

In July 2007, she bought another set in an office building in central and southern China.

"Up to now, two houses have risen more than three times.

It is definitely not appropriate to buy a house now. When buying a house, you must choose the right time to choose lots.

The two apartments are all rented, a monthly rent of more than 2000 yuan, a monthly rent of more than 3000 yuan.

By now, she has more than millions of property and insurance on her hands, and the bonus of rent and insurance is enough for her annual living expenses.

From liabilities 20 thousand to assets millions.

In Zhao Chengchang's view, financial safety is the first. Insurance is not the most profitable, but it is definitely the safest.

High risk of stocks is not necessarily high profit, and requires a lot of time and information channels.

"Buying a house and buying insurance makes my money more and more, and other stocks are in a mess. My insurance is steady and will give me 8.3% compound interest every year, plus rent income. Life and pension are no problem."

Zhao Chengchang said that the purpose of investment is money to generate money, and financial management is to make rational use of existing funds and tools to achieve different financial goals in life.

Insurance is the only financial tool that has both functions of protection and investment. In fact, buying insurance will buy and be good at combination. The different functions of various insurance products are like a football team. The combination can basically meet the needs of a person's protection and financial management.