Rebirth of Fortune Soars

"Rebirth with soaring wealth ()"!

You've grown up.

Cross-Picard is gone.

From the time he left, it was only three hours before Cross-Picard left.

"Father!" Daniel Picard finally muttered as he looked at Cross-Picard's leaving convoy.

He knew that his father Cross-Picard should have seen the truth on his side, and perhaps already knew that all this was a drama he directed and acted. But he was not exposed.

Why?

I'm afraid we are father and son after all, and blood is thicker than water.

Thinking of this, Daniel Picard smiled happily.

After all, he is his father, so he can't really ignore him.

So, now is the time to show off your talents.

The entire base is completely decided by oneself.

Moreover, Qin Feng's attitude when leaving also showed that Qin Feng would not interfere here. Qin Feng only needs his own share of interests. Everything else is his.

Daniel Picard is ready to develop this base into a base that belongs entirely to him, Daniel Picard.

The interests of the gold mine belong to Lin Feng, but the base belongs to him. Of course, his family will be his strong backing and best partner.

Yes, that’s the kind of relationship!

At this moment, Cross-Picard, who was far away in the leaving convoy, closed his eyes and concentrated.

This time, Daniel Picard made a big mistake. For his own selfish interests, he deceived the mercenary army carefully cultivated by his family.

This is a huge loss.

Fortunately, he found a scapegoat. From this point of view, it can be regarded as an explanation to the family.

After all, it was the three major warlords who suddenly broke the rules, and Daniel Picard managed to keep the base, so that was pretty good.

As for his ambition, this makes Cross-Picard very happy.

In the past, Daniel Picard was a playboy, and there was nothing attractive about him. So he gave him a trust fund worth $10 million.

The principal of this money cannot be touched.

Daniel Picard can only use 85% of his annual investment profit dividends. The remaining 15% should be used as investment and invested in the fund again, so as to realize money making money.

As for why this is done, the reason is very simple.

Prices in the world will rise. Prices are rising every year, and according to the Picard family's calculations, the average annual price increase is about 6%-7%.

The reason why 15% of the income is left to invest in making money is because the big family is accustomed to double insurance, so they set aside 15% to make money.

In this way, calculated based on the family's investment return rate, this 10 million U.S. dollars can earn a rate of return of about 8% in about a year. So, that’s an income of $800,000 a year.

Among them, $680,000 was for Daniel Picard to squander. The other $120,000 will continue to be invested in the trust fund and used to make money.

Then, next year, this US$120,000 will generate US$9,600 in income.

That way, Daniel can spend another $8,160. And $1,440 will be invested in the next year.

That way, the first year would be $10 million, and the second year there would be $10.12 million in the trust fund. In the third year, there will be $1,024.144 left in it. In this way, day after day, year after year, this trust fund will grow more and more.

In the end, it was enough for Daniel Picard to get married and have children a few years later, that is, twenty or thirty years later, and form his own big family, which would become the main source of financial income for his own big family.

This is how many big families in the West amass wealth and use it to make money.

This is far better than giving a sum of cash to future generations.

This suddenly gives people a large amount of cash, which is a great temptation for anyone.

And people, as long as they have money, usually start squandering it.

This is very normal.

It can even be said that this is a matter of course.

In this case, the money you give will be squandered very quickly.

Not only will the family fortune be ruined quickly, but it may also lead to the heirs contracting many bad habits.

These bad habits will eventually destroy him.

Instead, you leave a trust fund.

Then, no matter how much the future generations lose, they can only lose the annual profits of the trust fund.

The principal has always been there, and because there is a requirement to continue making money with a certain amount of income, the amount of this principal will become larger and larger.

In the end, this amount of money will reach an astonishing figure.

And once in the future, future generations wake up, they will still have the qualifications to make a comeback.

Of course, it is not ruled out that in some extreme cases, the descendants squandered money and owed a large amount of gambling debt, resulting in the trust fund being used to pay off the debt every year.

But generally speaking, large families will allocate funds in trust funds. A professional trust fund management committee will be hired to manage the trust funds of a series of family heirs.

Usually, it is also stipulated that if the heir becomes insolvent, the trust fund will only be used for the heir's own living expenses and will not have the function of repaying his debts.

This point also prevents the heir from acting recklessly, being cheated, or owing a bunch of gambling debts, etc.

In this way, the heir would be left empty-handed with the trust fund while suffering from hunger and cold. This is definitely not what the big family wants to see.

After setting such terms, the creditor cannot forcibly take away the trust fund's annual profit dividends.

It's useless even if you go to court to complain.

Because the debtor himself is insolvent. At best, bankruptcy will be enough.

The money in the trust fund is enjoyed by the debtor in name only. But its owner is not a debtor.

In this case, it is natural that the creditor cannot take away the trust funds enjoyed by the debtor.

This is why under the modern Western system, his family has been able to survive for hundreds of years and even become more and more prosperous.

This is far better than the complete inheritance system of large domestic families.

Originally, Cross-Picard thought that Daniel-Picard would just eat and drink like this all his life, and maybe he would wake up when he reaches middle age in the future.

But by then, he might not be here anymore. He didn't bother to worry about what the future would bring. There is a trust fund anyway.

Unexpectedly, Daniel Picard seemed to suddenly have an enlightenment.

This made Cross-Picard feel happy, but also secretly worried.

Fortunately, Daniel Picard has finally grown up and is no longer the laughingstock of the family. The worry is whether he will have the idea of ​​competing with his brother for family property.

If so, it will inevitably cause trouble to Xiao Qiang.

The palms and backs of the hands are full of flesh. It is undoubtedly difficult for Cross-Picard to make a choice.

This is also what big families fear most. Two outstanding heirs are often not necessarily a good thing.

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