Jul 13, 2022
In General Discussion
The author of this article: Huang Shihao, General Manager of Taiwan, VI College Value Investment Institute Many young people suffer from "debt". Even if they don't overspend spending as a card slave, it is a common case to immediately take on student loans when they step into society. It may even become a "negative second generation" because of family factors, and when entering the workplace, they begin to shoulder family debt. When you have to shoulder millions of debts, how can you have the spare time to think about investment and financial management, and make your life better? Ah Qing is a special consultation case I encountered recently. After he filled out the balance sheet, he found out that, now 26 years old as a transmission technician, he can use only 1,000 yuan of initial capital per month, and his monthly salary surplus is also about With only 3,000 yuan, if you don't pay attention to your life, you will be in an embarrassing state of making ends meet. The monthly income of 35,000 yuan is not too low in Taiwan. The reason why it is so tight is because of the past student loans, credit, policy loans, and Company banner design the tuition fees for previous studies in computer graphics, plus the total debt is as high as 100 Ten thousand. Even if the student loan payment is suspended, if there are debt expenses and living expenses every month, if there are temporary expenses, the debt may increase by 20,000 in that month. In the case of unable to effectively increase income, there is an additional 20,000 monthly expenses, and the hole that causes debt is getting bigger and bigger over time. Ah Qing's current financial goals are also very simple. She hopes to pay off her family and personal debts as soon as possible, and to have money every month to pay for her parents' living expenses after retirement. This also made Ah Qing, who has been working for a long time, wonder if he should go to a second job after work to run delivery and increase his income to pay off his debts? Many people may propose two directions: "short-term sprint to repay debts" and "return to a state where there is less pressure". If so, how would you choose? DSC02207 Photo Credit: VI College School of Value Investing Huang Shihao, general manager of the Taiwan Region of VI College Value Investment Institute, suggested that Ah Qing first turn his debts into positive.