Many young people from the post-95 and post-00 generations often say that if they lower their desires, 5 million RMB over a lifetime is enough, and that life doesn't actually cost much. Those who think this way are usually those without families or financial burdens. I can only envy their mindset.

Forget about Singapore, the US, or Europe—even in China’s first- and second-tier cities, the cost of living is overwhelming. For those of us with aging parents and young children, there’s no room for failure. After more than a decade of grinding in the workplace, it’s impossible to go back and compete with post-00s for jobs. That’s why every good investment opportunity must be seized.

I fought my way out of a tough marriage, but my cost of living didn’t drop significantly. My son’s international school tuition alone is 160,000 RMB per year, and when you add living expenses, insurance, and other costs, the annual fixed expenditure reaches at least 600,000 RMB—just for one child. When I decided to send him to an expensive school, I never expected an easy life for myself.

With personal expenses for food, housing, and transportation, my fixed annual spending is easily over 1 million RMB. If my investments underperform in a given year, the financial pressure is real. Only those without a stable income or financial support truly understand this sense of crisis. Relaxation is a luxury, because obligations never disappear. If I fall, others depending on me could also face a serious downturn in life.

#Market Pullback: Which Coins to Watch? #Which AI Concept Coins Do You Hold?