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Zhang Chaoyang advises young people not to go into debt: Spend only as much as you have

She Qi Sun, May 26 2024 07:48 PM EST

On May 26th, Sohu CEO Zhang Chaoyang recently had a conversation with Geely Chairman Li Shufu on "Zhang Chaoyang's Physics Class," discussing topics such as dreams, education, talent development, and innovation.

Regarding the future development of young people, Zhang Chaoyang suggests seeking opportunities on the internet.

Zhang Chaoyang also advises young people to manage their cash flow well, avoid getting into debt, and avoid losses. Life has just begun, if you start accumulating debt now, it will be really difficult to move forward. Spend only as much as you have. s_75db97883bb94a6aaff89e9e6a0eca2d.png "As young people, you are the natives of the internet, you understand the internet the best. Therefore, the internet economy is an absolute private economy, a grassroots economy, and a sustainable economy. So, you must do things on the internet." Zhang Chaoyang said.

It is understood that Zhang Chaoyang has advised young people more than once not to incur debt. Last year, when Zhang Chaoyang had a dialogue with Yiyi, CEO of Huada Group, he believed that young people should not incur debt and should manage their cash flow well.

Zhang Chaoyang emphasized the importance of calculating how much future expected income is, considering the risks, and whether your income can be stably guaranteed, and whether the money spent now can be repaid in the future.