When the family was demolished, my father became inflated and squandered all the money from the demolition, buying cars, flipping houses, and buying insurance. What should I do?

There is a saying that is very thorough and, of course, quite heart-wrenching. The general meaning of this sentence is:

A person’s wealth matches his knowledge. , if your cognition cannot keep up with your wealth, even if you become rich overnight, then there are countless ways in this world to take your wealth back.

In other words, the higher your awareness of property concepts, the more wealth you will have.

Although this statement is a bit absolute, it has happened to many people, especially some demolished households. They became rich overnight, but after a few years of prosperity, they fell back into poverty.

This kind of thing is very common. Take our place as an example. There are quite a few demolished households who have returned to poverty. Some people have money but don’t know how to spend it. They are a bit arrogant and fall into the cycle of showing off their wealth and buying luxury goods. , invest randomly, buy P2P financial management, lend money to others randomly, and even gamble. Money comes and goes quickly, which is sad and deplorable.

And your father, frankly speaking, obviously has this characteristic of "not matching his wealth" and is a bit unable to keep the demolition money. As you said, he has many problems:

1. It is not necessarily necessary to pay off the loan of 400,000 yuan for a house in a small town in advance. If the loan interest rate is low, then the loan is suitable to the maximum extent. Taking advantage of bank loans is also a sign of high financial intelligence.

2. For rural people who are so old and don’t drive very much, they don’t want to buy a car worth 200,000 yuan. If they really want to buy it, a car worth tens of thousands is enough. There is no need to pay for that vanity. .

3. Medical insurance cannot be purchased blindly, and if you pay continuously for 30 years, you may fall into a trap.

4. Is it normal to help your sister pay the down payment of 500,000 to buy a house? No matter your son or daughter, they are your favorites, and men and women are equal.

5. Taking a bank loan of NT$300,000 to speculate in real estate is a bit blind. Now speculating in real estate is no longer appropriate. Not only has the momentum for rising house prices weakened, but it is also difficult to sell second-hand houses, and they are burdened with expensive loan interest. , overall not suitable.

To sum up, your father has made many common mistakes among the nouveau riche who are demolished. As a son or daughter, you can persuade him if you can. If you can't persuade him, you can only do your own thing and let him do the trouble.

Think about it from another perspective. In fact, the more than 1 million yuan in demolition money for your family is not much for people who work in the city. For you, it won’t be a big loss after the old man has gone through all the trouble. It can only be like this. Comfort yourself, and finally send you blessings!