My autobiography is definitely not a tragedy!
Chapter 690 - 433: Deprivation of Political Rights for Life?

Chapter 690: Chapter 433: Deprivation of Political Rights for Life?

"Brother Biao, isn’t this a good thing? With so much money, we can have late-night snacks every day, ow~"

Ah Xing, sitting beside him, took a bite out of a double Big Mac and chewed with a satisfied look on his face.

"Sigh! Money is the root of all troubles! Remember my financial luck? The God of Wealth is simply going against me!

The more you want to make money, the more likely it is to vanish just like my fishing rod did, sunk to the bottom of the sea!"

"Fishing rod?"

Brother Biao ignored the comment, stroking his chin. "The priority now is to figure out a way to spend this money..."

After a series of coincidences, Brother Biao had become a fanatic believer in Master Meng’s bizarre finance theory that goes, "If you ignore finance, finance will come to manage you."

His devotion was comparable to those officials and bosses who were ardent believers in geomancy.

So now, the more he earned, the more he felt like he was losing moral ground, always fearing that he might become rich overnight, only to lose it all the next day and not be able to sleep...

Speaking of the two companies Brother Biao was managing, Wanwu Security had completely taken over the security work within Wanwu Holding Group, which was a substantial income.

But Brother Biao had recently been lavishly ’spreading the coin’ to attract talents and improving the welfare of his security staff, so he could only just break even, which greatly pleased Brother Biao.

The other company was a different story, though.

The cash-absorbing capacity of the financial industry is unrivaled by any other.

And Brother Biao’s Lucky Bag company had now become Gao Yuan’s largest source of financing, with that 3 billion world mortgage loan coming from this platform.

Under the lure of market-topping interest rates, the capital from the market was rushing in, making the fundraising speed so fast that even Meng Lang was taken aback.

He could only lament that all pursuits on earth are driven by profit...

Even a company with average background and qualifications, with just a license, was able to raise such a huge amount of capital in a short time.

In some respects, it also shows the leniency of market supervision.

This seemed to also set the stage for future chaos...

Although they were all considered members of the "organization," financial accounting was naturally independent, and aside from shareholding associations, the money that should be collected was collected without error.

For platform companies like Lucky Bag, the main profit model is to collect service intermediation fees, with the market generally charging 0.5~2 percent of the financing amount.

The larger the amount, the more room there is for negotiation, and the fee rate can often be even lower.

Gao Yuan did not know Brother Biao’s company’s "position" within the organization, but with the mindset of keeping the meat in the pot and taking care of fellow organization members, she didn’t let Lucky Bag lose out on the "intermediation fee," generously giving 1% of the financing amount.

So, with that first whooping 3 billion in financing, Lucky Bag company saw a profit income of an astounding 30 million...

Suddenly, they had more money than they could spend.

The key issue was, unlike Wanwu Security, Lucky Bag was a company 100% owned by Brother Biao, so if he wanted to distribute dividends, he could only pay himself...

Ah Xing, upon hearing this, immediately perked up.

He wasn’t cut out for making money, but spending money? That was hardly an issue.

"Isn’t that easy? Brother Biao, just give me a bigger bonus and the money will be spent, right? My financial luck is quite normal, the more the better!"

Ah Xing considered himself a clever little devil.

Brother Biao gave him a look.

"Give you a bonus? What’s the reason? The company’s accounts are very regulated now, you know. If I give you one, don’t I have to do the same for all the employees?"

"That’s fine by me, I don’t mind sharing the money with everyone." Ah Xing scratched his head and chuckled.

Brother Biao helplessly explained, "Running a company is similar to leading troops in battle, you must reward the meritorious and punish the offenders... You don’t get paid without effort, understand?"

Having been in the thick of things for so long, managing hundreds of people, Brother Biao knew a thing or two about business management.

The employee welfare in the company was already quite impressive; even the cleaning ladies treated him like the God of Wealth whenever they saw him, with warmth.

While he intended to ’spread the wealth’, Brother Biao, of course, understood the consequences of ingratitude borne of plentifulness.

If even the cleaners were earning a million a year, how would you reduce benefits if the company stopped making money at some point?

If everyone was comfortably earning a million a year, everybody would just do the bare minimum. Who would still have the motivation to work hard? Would the company even be able to continue?

You need to let the horse graze, but not too much, or it might become unsatisfied...

"Sigh!" Looking at the office system on the computer monitor, Brother Biao couldn’t help but sigh.

High-tech makes things convenient, but there’s one downside, ever since the launch of the "Tianshu" ERP system by the group, the company’s finances became almost foolproof.

Employees could handle purchasing and expense reimbursements all in one go online, invoices all processed online, and had highlighted alerts for any that were out of compliance, making all account details clear at a glance.

It was like installing an expert auditor.

With that, even the financial and accounting staff were almost out of a job, let alone the managers who liked to skim a bit off the top to relieve some stress...

emm... Sure enough, I’m incompatible with high-tech!

The problem now is, if we can’t use the money internally, how do we legally spend it appropriately...

Buy some fixed assets? No, that’s just like shifting money from the left hand to the right. Besides, what if property prices rise again...

Buy lottery tickets? No, my brothers and I started out with that...