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Here’s how the Chinese save so much money. China’s Gross Savings Rate is 45.9%. Meanwhile, data in the US suggests that the savings rate is closer to 3.5-5%.
How is it that the Chinese Save SO much money? I explain in today’s video! Enjoy.
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Timestamps:
0:00 – Intro
0:27 – Stats on Savings
0:54 – Why Chinese Are Excellent At Saving
3:22 – Demographics
5:19 – The Secret
6:54 – 4 Factors the Chinese Prioritize
7:32 – The 10:1 Rule
8:50 – Factor 3
10:11 – Factor 4
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PS: I am not a Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel
You guys liked this video so much, I dropped a Part 2 with 7 MORE Chinese Secrets Revealed! Click here to watch: https://youtu.be/KbngaULdVbA
Lookup leftover women…educated women who will not marry by choic in China.
When I made 60k a year, I managed to save 20k a year. Now I make 250k+ a year, my wealth grows around 150k last year(with a mortgage). There are tons of ways to save and grow your wealth. People just don’t know how to or not willing to.
Because. Hard made $ in china
Kinesiske læresætninger fortjener virkelig respekt; de virker virkelig. Mange tak for den fantastiske video.