The Chinese Secret to Saving Money Revealed

Video Description

🐪 Hump Days Newsletter ➭ https://humpdays.substack.com 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. https://www.forbes.com/2010/02/02/china-saving-marriage-markets-economy-trade.html?sh=29db437a83bd https://www.wsj.com/articles/less-savings-more-debt-how-chinese-manage-money-american-style-in-17-charts-11572427805 https://www.britannica.com/topic/one-child-policy https://www.scmp.com/economy/china-economy/article/3135510/chinas-one-child-policy-what-was-it-and-what-impact-did-it 💸 SoFi Checking & Savings: Get up to 4.20% APY, pay no account fees and earn $250 when you sign up and set up direct deposit. Terms apply ➭ https://sofi.com/humphrey FREE STOCKS: 🏆 Webull Deposit a Minimum of $500 and Get a Guaranteed $50 Free Stock: https://www.webull.com/k/HumphreyYang 🏆 WeBull UK: https://www.webull-uk.com/i/humphreyUK (Get 2 Free Stocks when you deposit £100 and maintain funds for 30 days) 💸 SoFi Checking & Savings: https://sofi.com/humphrey Get up to 4.40% APY, pay no account fees and earn $250 when you sign up and set up direct deposit. Terms apply. 📈 MooMoo: Click this link to get up to 15 free stocks when you make a qualified deposit Terms & Conditions Apply: https://j.moomoo.com/00iNNL 🎓 Public: https://www.pqr3ntrk.com/6QFBWN/J8P3N/ to get $10 worth of free Stocks RESOURCES: ▶️ Join the Patreon Community ➭ https://whop.com/critical-wealth 🐪 Hump Days Newsletter ➭ https://humpdays.substack.com 💳 My Favorite Credit Cards ➭ https://cardonomics.com/i/humphrey FREE GUIDES/TEMPLATES: 🏠 Investing 101 PDF: https://beacons.ai/humphreytalks/freedownloads 🏖 The Financial Mastersheet: https://beacons.ai/humphreytalks/freedownloads 🚗 Car Lease Payment Calculator: https://beacons.ai/humphreytalks/freedownloads 💵 Net Worth Tracker: https://beacons.ai/humphreytalks/freedownloads PERSONAL LINKS: 🎥 My YouTube Setup ➭ https://kit.co/humphreytalks 🌍 Rickie (Editor) ➭ https://instagram.com/coldgamerick 🗞 Twitter ➭ https://twitter.com/humphreytalks 📸 Instagram ➭ https://instagram.com/humphreytalks 🚀 Tik Tok ➭ https://tiktok.com/@humphreytalks 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 📧 GET IN TOUCH: I'd love to hear from you! If you have a longer question, or if you have a business related inquiry, please then send me an email at [email protected]. I try my best to reply to all e-mail but sometimes I do not have enough time to respond to everyone. 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