She Only Cares About Cultivation
Chapter 136 - 90s Cook 136 (Third Watch)

Chapter 136: 90s Cook 136 (Third Watch)

Gong Mingxia, after consulting Cao Hai himself, agreed to let him join the children’s palace swimming team, thus turning on his professional athlete indicator light.

By the Spring Festival of 2006, the royalties from the song had dwindled to just several thousand yuan.

Gong Mingxia then stopped managing the income from this source and tallied up the total income for the year 2005.

The income from the properties in Beijing and H State amounted to ten thousand yuan.

The restaurant’s annual income, after deducting all expenses, was a profit of 350,000 yuan.

From the share given by Meng Xiuying, 80,000 yuan; this book did not perform as well as the previous two, but she resolved to keep pushing forward.

Including the existing savings, the total had already exceeded 1.1 million yuan (including Cao Yuan’s salary and the Old Lady’s rental income).

At the beginning of 2006, she quickly entered the stock market—blue-chip stocks, stocks with potential—buy, buy, buy, leaving only daily expenses at home, the remaining 1.1 million yuan all went into the stock market, along with the nearly one hundred thousand from before, amounting to 1.2 million yuan, all of it thrown into the stock market.

Consequently, Gong Mingxia had only about ten to twenty thousand yuan left for turnover, and then it was gone.

In a blink of an eye, it was May 2007, the year Gong Mingxia turned 40. The 1.2 million yuan worth of stocks, with an additional 300,000 added in 2006, amounted to stocks worth 1.5 million yuan. After a year of turnover, by mid-May 2007, she sold them all, and the final profit...

After counting the zeroes that followed, Gong Mingxia felt her legs go weak.

She did not know what a 200% increase meant, but she knew that her 1.5 million, after a year and a half of compounding interest, had grown beyond... ten million.

My goodness!

When she came out of the securities firm, her legs felt light, seeing so much money for the first time made her feel her life was worthwhile, hahaha, after letting out three long shouts facing the sky, she quickly regained her composure, picked up the phone, and called Meng Xiuying immediately.

"Hello, Xiuying, have you sold your stocks yet? Haha, you don’t want to sell them, do you? I’m telling you, sell them quickly, trust me. After selling the stocks, we’ll buy houses; you should buy one too. We can buy them together, then for the rest of our lives, we won’t have to worry, we can just be landladies."

Why was Gong Mingxia so determined to buy houses? Because in 2007, the average housing price in Beijing was 7500 yuan per square meter, but in Chaoyang and Haidian it was 13,000, and in Fengtai District it was 11,000, while in the Inner City Four Districts it had already reached 27,000 yuan. Thus, this so-called average housing price included the prices from areas around Beijing, such as Shijingshan, Changping, and Tongzhou, similar to the few properties she had bought before, which were in Fengtai District and had already surpassed ten thousand yuan.

In 2007 it was already so high, by 2010 it had risen to 24,000 yuan, of course, this 24,000 was an average for all districts, if singled out, it would be a series of terrifying numbers.

Do you understand what this means?

She currently had ten million yuan, no doubt, but if she used this money to buy houses, even in Fengtai District, she could only buy 1000 square meters.

If in the Inner Four Districts, so-called the Inner City Four Districts, which are the current East City and West City, consisting of Dongcheng, Xicheng, Chongwen, and Xuanwu districts.

The properties in these districts, whether now or in the future, are worth their weight in gold.

With ten million, she could only purchase 370 square meters, not even reaching 400 square.

Even if properties in the Inner Four Districts were difficult to buy now, they would still be a better investment than in the future.

Thus, Gong Mingxia hustled for three months, visited countless property developments, and finally in a commercial area undergoing demolition and renovation in the Xicheng District, she bought 15 units of standard rooms of 35 square meters each.

Although they didn’t count as one-bedroom apartments, the location was excellent, with balconies, high floors, overlooking the entire neon-light-like big commercial district. This area would become a gathering place for white-collar workers in the future and could command a high rental price, and at 27,000 yuan per square meter, these were fully furnished luxury apartments.