Secrets revealed by a bank president after a drunken confession, worth saving!

First: Buy a house first, don't buy a car;
Second: Buy the first phase of a property, avoid the second and third phases;
Third: Buy commercial housing if possible, avoid resettlement housing;
Fourth: Buy property rights houses if possible, avoid small property rights;
Fifth: Opt for long-term loans instead of short-term loans, repay over a shorter period;
Sixth: Equal principal and interest payments are the same every month;
Seventh: Equal principal payments decrease each month until fully paid;
Eighth: With equal principal and interest, repay in the 6th year of a 20-year loan;
Ninth: With equal principal and interest, repay in the 8th year of a 30-year loan;
Tenth: With equal principal payments, repay in the 5th year of a 20-year loan;
Eleventh: With equal principal payments, repay in the 7th year of a 30-year loan!
How many of these secrets do you know, and have you been doing the opposite? Buying a house is more stable for value preservation, while a car is a consumable that depreciates easily. Therefore, if you can buy a house, it's better to do so first!
That’s how I did it back in the day. How about you?
Thanks for watching, and I look forward to hearing your secrets!