She borrowed money to buy collectibles and almost lost all her coffin money. After that, Zhang Ping was very quiet for a while. She took a walk every day, watched TV series, and went to teahouses to watch people play cards to kill time when she was bored.

Time flies, and it is July in a blink of an eye.

That day, Zhang Ping went to the teahouse as usual to watch people playing cards and use the air conditioning. Because she went there early, not everyone was there yet, so there was a shortage of one person.

Aunt Li called out, "How about the four of us start playing?"

Zhang Ping waved her hands repeatedly, "I can't."

"It's not for money, just a couple of rounds of fun." Aunt Li said, "People will be here soon."

Zhang Ping couldn't refuse, so she had to sit down with him.

My fellow card players are all middle-aged or elderly people who have already retired, and they like to chat while playing cards.

Not long after the card game started, Aunt Li couldn't stay idle and started chatting casually, "Old Jin, is your son about to graduate?"

"Yes, he graduated from university this year." When talking about his son, Lao Jin couldn't help but smile. "He started his internship in May or June. He found a job by himself and didn't cause any worries for the family."

"The child is sensible, so being a parent is worry-free." Aunt Li sighed, "Sister Wu has a daughter who graduated last year. She works in one job for three months and another for two months. She has no stability."

"I heard that this year is better. I am too lazy to look for a job. I will just stay at home and prepare for the civil service exam."

"If you ask me, this doesn't look like she can pass the exam. The daughter of the Zheng family worked during the day and studied at night, but she also succeeded in getting in, didn't she?!"

Aunt Li was talking excitedly, but none of the other three agreed. She couldn't help but curl her lips and secretly complained, "It's boring."

Last year, there were four people who got together to play cards, namely Aunt Li, Lao Jin, Lao Liu, and Lao Xu.

Old Liu and Old Xu were defrauded of their pension money and have been very exhausted. They have seldom gone out recently. It is said that they have asked someone to find them a job privately, and they plan to work for a few more years while they are still young.

Since their original card-playing partners were gone, Lao Jin and Aunt Li had to find someone else to play with.

I met two new poker friends. One is a taciturn person who only plays cards and doesn't chat. The other is eloquent and good at chatting.

Unfortunately, the person she could talk to had something to do at home and would be late. The three people present were like wooden sticks, all stupidly listening to her talking, without any response for a long time.

Aunt Li's words were boring and she was too lazy to speak.

Seeing that the atmosphere was a little tense, Lao Jin changed the subject, "Do you know about Internet finance?"

Everyone shook their heads.

"It means buying financial products online." Lao Jin explained simply according to his own understanding. "Times have changed. Back then, we had to go to the bank to make deposits and buy financial products. Now? We can do it directly online."

"My son said this industry is a future development trend. It has just started in the past two years and will get better and better in the future. So, he found a job in this field as soon as he graduated."

"You know what? The annual interest rate of the financial products sold by the company is 6%, which is as safe as bank deposits!"

"What kind of financial product?" Aunt Li immediately became interested. "Tell me in detail."

"It's called p2p. The annualized interest rate for three months is 6%, the annualized interest rate for six months is 9%, and the annualized interest rate for one year is 12%." Lao Jin replied.

"So high?" Aunt Li was excited. "Is it reliable?"

"Hey, my son works in that company, why can't I trust it?" Lao Jin vowed, "I heard from my son that P2P will gradually replace bank deposits and become the most common, most extensive and most suitable financial management method for financial novices."

The annual interest of 6% is equivalent to the interest on a two-year fixed deposit.

Aunt Li was scratching her head like a cat, and she was not paying attention to the cards she was playing. After thinking for a while, she asked again, "How much can I buy it for? Are there any products that are shorter than three months?"

"Shorter than three months? I don't think so." Lao Jin tried to recall, "If I remember correctly, the minimum purchase price should be 10,000."

"If you're interested, I'll give you my son's cell phone number and ask him to introduce you to the company."

"Okay." Aunt Li asked for the number excitedly.

Seeing that Lao Jin and Aunt Li were having a pleasant conversation, Zhang Ping was obviously interested.

She thought that the annualized return of 6%-12% was not high, so it should be reliable. However, everything that happened in the past was still fresh in her mind, and she had given her bank card to her daughter, so she couldn't buy anything even if she wanted to.

Zhang Ping thought, if she couldn't buy it, she could always learn about it.

Thinking of this, she finally spoke up, "Call again, I want to know, too."

"Okay." Lao Jin agreed happily and readily.

Firstly, we are all acquaintances, so we should support each other if there is any benefit. Secondly, my son is an account manager, and he has monthly assessment targets. If there are many buyers, it will be easy for my son, right?

Old Jin was calculating loudly on the abacus, and for a moment he was in high spirits, grinning from ear to ear.

Another poker player saw this and couldn't help asking, "Lao Jin, the company's products are so good, have you bought any?"

"Of course I bought it!" Lao Jin said seriously, "My son said that this is a product that came from the United States, and its scientificity has long been verified by time."

"Not only is it safe, but the returns are also high. Wouldn't it be stupid not to buy it?"

"A month and a half ago, I took out all the time deposits at home and used them to buy financial products. Now, in addition to my pension, I also get financial income every month, which is equivalent to having two salaries!"

Lao Jin became more and more excited as he spoke, and his voice became louder.

They are old and don't understand new things. But Lao Jin's son works in that company and is very familiar with its business.

Lao Jin is his biological father, and he would never betray his family no matter what.

It can be seen that the financial products sold are reliable and good things. So after knowing the news, I immediately notified my family to buy them.

After this analysis, Aunt Li immediately felt relieved. She smiled and said, "Mr. Jin, when is your son free? Take some time to buy me a 100,000 yuan investment."

"No problem." Lao Jin agreed without hesitation.

After finalizing the deal, he turned to look at Zhang Ping, "What about you? How much do you want to buy?"

How can Zhang Ping have money? I just want to know.

Seeing Lao Jin's attitude, it seemed that he would have to buy it if he asked, so she had to give up the idea and said, "Forget it, it's safest to keep money in the bank."

Seeing that she was about to back out, Lao Jin did not force her. He turned back to ask Aunt Li some questions and they had a pleasant chat.

p2p? Internet finance?

Zhang Ping didn't say anything, but she memorized two new terms in her mind.

**

In the evening, when He Xin returned home, Zhang Ping hurriedly greeted her and asked, "Xinxin, have you heard of Internet finance and p2p?"

"What is this?" He Xin was puzzled.

Zhang Ping: "An acquaintance I met in a teahouse said that the company his son works for sells financial products. Not only are they as safe as bank deposits, but the interest rates are also very high, ranging from 6% to 12%. I'm wondering..."

"Don't even think about it." He Xin interrupted unceremoniously, "I don't trust anyone except the bank."

Zhang Ping was anxious. "You are so young, how come you can't accept new things at all? You are more conservative than the elderly."

"Aren't you afraid of being cheated?" He Xin said coldly, "Every time you introduce new things to me, which one is reliable?"

"This time it's different!" Zhang Ping shouted loudly.

"Heh." He Xin curled her lips. "Every time you say this time is different, other than the way you were deceived, what is different?"

Recalling the "glorious deeds" of the past, Zhang Ping was speechless.

"Only a few days of good life? Please stop making trouble!" He Xin was indescribably desperate. "Don't say that the things you inquire about are never reliable. Even if I can really make a fortune, I don't want to buy it."

"Just be honest and earn the money you can. Save money, buy a house, pay off the mortgage like ordinary people, and then wait for retirement. That's all."

At this point, Zhang Ping was helpless. "Forget it, forget it. Just pretend I didn't mention it."

He Xin looked at her mother, feeling quite uneasy.

You know, her mother once borrowed money from others to buy collections. Who knows if she will go back and ask for a loan after she agrees to it?

After a moment's hesitation, she made up her mind, "Mom, I plan to buy a house."

"Why would a girl buy a house?" Zhang Ping disagreed. "The man will prepare it for us when we get married."

He Xin resisted the urge to roll her eyes and patiently explained, "Isn't our company a real estate company? We currently have additional benefits for employees who purchase homes."

"To put it simply, if you buy a house with a loan now and sell it off a few years later, you can make 50,000 or 60,000 yuan."

"Even if the house price drops and I can't sell it, I can still keep it for myself. With a school district house, I don't have to worry about my children's education in the future."

Zhang Ping was reluctant at first, but as she listened, she felt that buying a house was a good deal and her attitude gradually softened.

At the critical moment, He Xin used her trump card, "In fact, the money I saved is enough for the down payment. If you are willing to lend me your savings, it will be easier to repay the loan every month, and the interest you pay can be a little less."

Zhang Ping was a soft-hearted person, so how could she disagree after hearing this? She immediately agreed, "We are all family, why bother about lending it or not? Just take it if you need it."

"Thank you, Mom." He Xin responded with a smile.

As I was talking, I was thinking that buying a house would drain all my savings. In addition, I was carrying a debt and had to pay off the loan every month.

In this way, even if you want to waste money, there is no money to waste, so you should be content.

**

Before we knew it, golden October has arrived.

Zhang Ping went to the teahouse as usual to watch people playing cards. When she walked in, she found that her friends were not in the mood to play cards. Instead, they gathered in groups of three or four to discuss something.

What happened? She wondered in her heart and couldn't help but move forward.

Upon asking, I found out that Aunt Li bought a financial product worth 100,000 yuan to test the waters. As a result, when it matured three months later, the principal and interest were repaid on time without any arrears.

The old people were furious.

Who among the retired people doesn’t have some money? Who doesn’t want to buy financial products with a higher annual interest rate?

After hearing about Aunt Li's deeds, everyone surrounded Lao Jin.

This question asks, "How do I buy financial products? Are they reliable?"

The man said, "What is this? Tell us in detail."

Facing so many eyes eager to learn, Lao Jin was full of pride and sat in the middle to give everyone scientific knowledge.

Zhang Ping was watching from the side and saw that no one was playing cards anymore. Everyone was taking notes in their notebooks.

An auntie surnamed Wei was furious, "If you don't even play cards, what are you doing in the teahouse?"

The old man next to me muttered, "You can play cards anytime. Just be quiet and don't make any noise."

Aunt Wei was so angry that she didn't want to talk.

Glancing at Lao Jin and the people around him, Aunt Wei couldn't help but remind him, "Don't forget Lao Liu and Lao Xu. The business that looks like it's making money might just be giving money to others!"

Hearing this, many of the old people felt nervous. Their previously heated minds calmed down a little.

Hearing Aunt Wei say this, Old Jin was immediately unhappy, "My son works in the company, and my family has invested money in it, how can it be a scam?"

"You don't have to make money if you don't want to, but there's no need to stop others from making it!"

Then, he turned to the crowd and said seriously, "Don't get me wrong, I'm not forcing you to buy. I'm just interested in learning more. As for whether you want to buy it or not, make your own decision."

Since I have nothing to do, I might as well just listen to it casually - many people have similar ideas.

Little did I know that after listening to it, I was so attracted to it that I couldn't get out.

The author has something to say:

With the development of the P2P industry in the UK, the P2P industry in the US also developed, and the entire P2P industry took off rapidly. (In 2006, the first P2P platform was established in the US)

China’s P2Ps have been hit by a series of defaults. Why is there no P2P default in the United States?

Because of high thresholds and high standards of supervision.

When a P2P institution uses investors’ funds to lend to borrowers, it is considered securities sales.

Registering with the Securities and Exchange Commission is a relatively complicated process. It requires a lot of supporting documents and related fees. In 2008, Lending Club, one of the two largest P2P platforms in the United States, was ordered to close because it did not meet compliance requirements. Six months later, it was restructured according to the requirements of the US Securities and Exchange Commission (SEC), borrowed a bank license, and improved its information disclosure system, and was finally able to reopen.

Another important reason is the credit reporting system.

The United States uses the FICO scoring system to establish a unified quantitative standard for personal credit.

The FICO model consists of five parts, including user payment record, number of credit accounts, credit history period, newly opened accounts and used credit products, each of which accounts for 35%, 30%, 15%, 10% and 10% in the calculation of the score respectively.

P2P investors in the United States will choose investment targets based on their FICO credit scores. The higher the FICO score, the lower the risk and the lower the return. The platform does not guarantee investment activities. The flow of money is very transparent, and the project is real and reliable, which can be measured by a unified credit score.