Core Insights - The article discusses the financial planning necessary for individuals at the age of 35 in Shanghai, focusing on savings and investment strategies to achieve financial independence or "lying flat" [1][5]. Group 1: Savings Goals Calculation - A conservative savings model suggests that to "lie flat" in Shanghai, one needs approximately 300 million to 800 million CNY, depending on lifestyle choices and living conditions [4]. - Basic living costs in Shanghai are estimated to be between 7,000 to 12,000 CNY per month, translating to an annual expenditure of about 84,000 to 150,000 CNY [4]. - The 4% rule indicates that annual expenses divided by 4% equals the required savings, suggesting that for an annual expenditure of 150,000 CNY, a savings of 3.75 million CNY is needed [4]. Group 2: Alternative Plans for Insufficient Savings - If savings are insufficient, a "semi-lie flat" approach can be adopted, which includes reducing living costs and creating passive income streams [3][4]. - Suggested cost-cutting measures include moving to a second or third-tier city to reduce living expenses by 30-50% and controlling non-essential spending [4]. - Passive income can be generated through low-risk investments, skill monetization, and rental income from properties [4]. Group 3: Investment Strategies - The article outlines a two-phase investment strategy: high-growth investments in the first five years followed by a more stable approach in the latter five years [8][11]. - The first phase focuses on equity investments, with a suggested allocation of 70% in equity funds and 20% in thematic industry funds [8]. - The second phase aims for a target annual return of 8-10%, with a shift towards bonds and dividend-paying assets to reduce volatility [13]. Group 4: Risk Management and Emergency Plans - Key risk management strategies include maintaining an emergency fund equivalent to six months of living expenses and diversifying investments to mitigate market risks [12][14]. - Insurance coverage is recommended to protect against significant health or accident-related expenses, ensuring that savings are not depleted [12][14]. Group 5: Execution Recommendations - Immediate actions include starting a systematic investment plan in selected funds and conducting quarterly reviews to adjust asset allocations as needed [15][16]. - A five-year milestone is suggested to evaluate progress towards financial goals, with adjustments made if targets are not met [17]. Group 6: Long-term Financial Outlook - By following the outlined savings and investment strategies, individuals have a high probability of accumulating between 3.5 million to 5 million CNY in ten years [18].