We interviewed people who "retired" early and found a secret...
China-Singapore Jingwei client, June 25 (Zhang Yanzheng) What are you doing at 28? Reading a blog? jobs? Or a CV? At the age of 28, most people should still be “moving bricks” to obtain bread, while some people have achieved financial freedom at this age and announced early “retirement”. Recently, the "28-year-old programmer retired after financial freedom" has caused heated discussion on the Internet, many netizens said "I am sour."
In recent years, it is not uncommon for people to give up their existing jobs for a new way of life. This group of people has also set up a "FIRE LIFE" group on social media to discuss how to manage wealth or develop sideline accumulation through social media. Wealth, while still young, seeks out his poetry and distance. The Sino-Singapore Jingwei client interviewed two of them and found such a secret...
Photographed by Zhang Yanzheng, the new latitude and longitude in the tourist information
28-year-old programmer "retired" early
Recently, I know an article titled "How to treat Guo Yu, who is only 28 years old, announced his retirement from ByteDance?" "Posts have caused heated discussion among netizens, and the post has nearly 10 million views. In February this year, Guo Yu, a byte-beating programmer, wrote on Weibo: "I chose to retire at the end of the 28-year-old age, embrace the winds of the clear springs and canyons in the mountains, and experience the spring, autumn, winter and summer. May we meet again in a wider world!"
In this "Retirement Letter", Guo Yu introduced that he got the acceptance letter of Alipay in college, and joined the byte beating in 2014, which was just two years old. In the 6 years of working in Beijing, Guo Yu said, "I have some things and naturally give up others. The luck brought by these various choices makes it possible for me to return to the midsummer that ended the college entrance examination 12 years ago. In the afternoon, think again about the countless possibilities of life." In addition, he also revealed that he will run a spa travel brand in the next few decades, and adhere to the ideals of his childhood to become a professional writer.
Guo Yu's "Retirement Letter" Source: Weibo
Guo Yu's Weibo information shows that he was born in 1991 and graduated from Jinan University. He has working experience in Internet companies such as "Alipay", "Encyclopedia" and "Byte Beat".
"Retire" at a young age, many people wonder how much money Guo Yu earned in order to have this confidence? Guo Yu did not give an accurate answer when interviewed by the media. Guo Yu said that when a person's passive income can cope with daily expenses, it can be regarded as financial freedom. In addition, he also stated that he had held and decided to vote for an Internet company's stock for a long period of time and made some money. And he used the money he earned in the stock market to buy real estate in Japan, and achieved a return of about 10%, so he had the idea of "retiring".
Many netizens said “I am sour” about Guo Yu’s 28-year-old approach to financial freedom to “retire” in advance. However, some netizens questioned whether “financial freedom is a false proposition” and “would you feel bored regret in a few years”.
@那儿: At the moment I am a pickled fish.
@陈亿: After 90s, I’m still running for life, and you will retire... My parents have not retired.
@熊羊: The average person will feel bored in three to five years, regret it, and then, in fact, there will be no more.
@某X浪User OZY: Is financial freedom a pseudo-proposition? After the property reaches a certain stage, the environment will also change, such as communication circle, vision. If you reach the nine-digit deposit, do you not want to live the life of a friend with a ten-digit deposit?
@嫒panda: Financial freedom is also short-lived, depending on the operation of the hot spring hotel.
The secret behind "FIRE"
In recent years, it is not uncommon for people like Guo Yu to give up their existing jobs and change to a new way of life. News such as “selling a house in Beijing to open a bed and breakfast in Lijiang” and “abandoning a stable job and choosing to travel” have also appeared frequently in people’s lives. In the field of vision.
However, they are not without income, but to achieve financial freedom in advance through asset allocation, taking advantage of young people to find their poetry and distance. In order to achieve early retirement, this group of people also set up a "FIRE Life" group on social media to discuss how to accumulate wealth through financial management or sideline business.
FIRE is a movement that has emerged in the United States in recent years and gradually swept the world. These four letters are the abbreviations of "FIRE, the Financial Independence, Retire Early Movement". The core lies in the rational planning of assets. Let ordinary people realize their desire to retire early.
Mr. Zhang of Chongqing is a member of the "FIRE Life" group. Mr. Zhang is 36 years old this year and plans to apply for retirement when he is 45 years old. To this end, he engaged in the financial industry specifically designed a set of "early retirement fund portfolio", the portfolio is divided into four parts of pension, education, health, consumption, including principal, present value, total rate of return, annualized rate of return And other information.
Taking the health fund as an example, Mr. Zhang chose four funds, which he named as "Lisa Hines", "Diamond Stardust", "Kashiwagi Snow" and "Glory God". Among them, the total return rate of "Diamond Stardust" is 49.18%, and the annualized return rate is 17.62%.
Early retirement fund portfolio map for the interviewee
"Asset allocation is a very complicated matter. The most important thing for FIRE is to adjust the mentality, especially for the middle- and lower-class people with social income, which needs to be separated from consumerism. This is very difficult in the current society with 'material desires.' Mr. Zhang said .
Mr. Zhang introduced that to carry out the FIRE lifestyle, you must first understand your needs, want to "how long to retire" in advance, and what kind of living standards you want to maintain after leaving the job. "This needs to take into account all the changes that may be encountered in the future, such as how to make up for the large amount of life needs such as old-age care and education; for example, illness accidents can only rely on insurance, and sources of expenditure such as reading and car change require fund income. These are all A detailed plan is needed."
"For example, if a 35-year-old FIRE person plans to retire after 10 years, the current basic cost is about 100,000 yuan per year. Based on a 5% price increase, the current 100,000 yuan is equivalent to 16 after 10 years. 10,000 yuan, what needs to be considered is how much money is invested now, and there will be only 160,000 yuan after 10 years. If it is solved with a fund, based on the fund’s annualized return of 12%, it now needs a one-time investment of 50,000 yuan." Mr. Zhang said, This is just the simplest example, and early retirement requires more complicated plans.
Mr. Zhang also said that if he officially retires at the age of 60 and plans to retire at the age of 40, he also needs to resolve various issues such as income, insurance benefits, education and medical treatment during retirement. "Early retirement is not about not working. It's just that you don't have to do mandatory labor for survival as you do now. After leaving, you can find some part-time jobs that you like.
Mr. Cheng in Beijing chose to retire 8 years early and is currently engaged in advertising design work he likes. It is understood that Mr. Cheng entered the civil service in 1981. After working for 35 years, he went through early retirement procedures in 2016. "Originally, my retirement time should be in 2023, I chose to retire 8 years in advance." Mr. Cheng introduced.
Mr. Cheng started asset allocation very early and invested in stocks, funds, and wealth management. "At present, my pension is more than 6000 yuan per month, the fund investment profit is about 10%, the financial income is about 5%, and there is about 30,000 yuan of rent income every year. In addition, the advertising design also has a certain amount of labor compensation." Mr. Cheng said.
"The FIRE lifestyle that is emerging now advocates making money early and retiring early. I have reservations about this. In fact, no matter whether you retire or not, people should work and live seriously and do some useful things. Now most young people do not have much savings. The only wages invested in the stock market or financial management, a little careless, will lose the blood." Cheng said.
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Expert: FIRE concept can be used as a goal
In an interview with the Sino-Singapore Jingwei client, the well-known economist Song Qinghui said that from an economic perspective, early retirement is not easy, not only needs strong assets as support, but also needs to be reasonably allocated to these assets to ensure income To qualify for retirement.
Song Qinghui pointed out that the epidemic has had a tremendous impact on people's financial concepts and lifestyles. For example, investment in health has further increased. In addition, because you work from home for a long time during the epidemic, it may have a profound impact on people's lifestyles and industries, from the salary to the real estate industry, and even the way in which new companies are born. "Due to different national conditions, the FIRE concept is not feasible in China. However, it can be used as a goal to work hard." Song Qinghui said.
Zhang Yuhao, a lawyer from Beijing Weiheng Law Firm, said in an interview with the client of Sino-Singapore Jingwei that the usage of the word “retired” mentioned by Wei Yu, a 28-year-old programmer, on Weibo is not accurate, and the more appropriate expression should be “ Resignation" or "Resignation".
Zhang Yuhao pointed out that the “retirement” mentioned in our legal system mostly refers to workers leaving their jobs due to age or health reasons. At present, 60 years old is the retirement age of men in my country’s general occupations. Therefore, leaving the workplace at the age of 28 is "resignation" in nature, that is, the laborer and the employer terminate the labor relationship.
In Zhang Yuhao's view, under normal circumstances, it is difficult for a retired employee to receive the pension paid by the original employer. However, according to the relevant provisions of China's "Social Insurance Law", when the legal retirement age is reached and the cumulative payment has been over 15 years, the basic pension will be received on a monthly basis; if the legal retirement age is reached, but the cumulative payment is less than 15 years, you can pay to After fifteen years, they will receive a basic pension on a monthly basis.
"It is not recommended that everyone leave their jobs blindly. This part of the people who can do asset planning are very few people who are financially savvy. For ordinary people, they do not have the relevant financial knowledge reserves." Zhang Yuhao said. (Sino-Singapore Jingwei APP)
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