NOVEL WEB Chapter 640: Stable Income
For a family, the most critical thing is stable income.
For example, fixed monthly salaries, rental income from commercial real estate, or housing rents.
All of these count as stable income. The core of a family's living quality hinges on this aspect.
There's no doubt, an annual stable income of six billion is unquestionably an enormous sum.
At least it's enough to cover anything, practically impossible to spend it all.
This is despite the fact that, for the past three years, all listed companies under Tengying Group haven't distributed dividends, which is why their fixed income has dropped to the six billion range.
If you pull out a calculator, you'll know that Er Piya alone spends two to three billion every year, and her sister spends about the same.
The only one who doesn't really spend money is Little Third, Chen Lu.
He's still young, as long as he follows Su Xiaoxi around, he's perfectly happy.
No matter how you calculate it, such a high family income is practically impossible to spend entirely.
This equates to having 20 million in cash income every single day.
It's estimated that next year this figure will increase to somewhere between 6.5 billion and 7 billion.
The real explosion will have to wait until 2023 or even 2024.
By then, Tengfei New Energy will surely be profitable, the health-focused Tongxin Family on his wife's side and the entire Tengying Group should also have overcome their current difficulties.
At that time, an annual pure cash income of 20 billion seems highly plausible.
Undoubtedly, this is an even more exaggerated figure.
Keep in mind, all this excludes income from investments.
Knowing approximately how much stable income your family generates annually gives peace of mind.
As Song Yanxi put it, after helping some relatives, even more people started coming their way.
In the evening, Song Shuiqing showed up. She had already completely separated her internet celebrity brokerage company from the Tang Family's real estate business.
The Tang Family didn't listen to her advice and ended up spending over 30 billion last year to hoard land.
Their loans aren't any fewer than several hundred billion. Adding everything together, the Tang Family is in an extremely precarious situation.
They haven't hit rock bottom yet, so they didn't agree with Chen Pingsheng's proposal.
Maybe after another two years, or even within a year, they'll have no choice but to sell out.
Actually, the asset Chen Pingsheng values the most is Wanda Plaza. If he could successfully acquire Wanda Business Management,
not only would next year's rental income increase by tens of billions, but Tengfei New Energy's vehicles could use Wanda's channels to rapidly expand across the nation.
Unfortunately, Old Wang isn't desperate enough yet. If he manages to successfully fulfill his listing conditions, Chen Pingsheng would lose any opportunity to acquire Wanda.
From his core sentiment, he hopes Old Wang doesn't succeed in this.
By that time, he'd willingly offer 50 billion, even 100 billion, as long as he could fully take control of Wanda Plaza.
He's very willing because, frankly, Wanda Plaza is undoubtedly a premium asset, the pinnacle of commercial real estate.
Aside from Wanda, he has little interest in domestic five-star hotels or resorts and such.
These things are classic examples of easy investments but tough profitability.
Investing in internet celebrity economies — lightweight assets — is far better.
Song Shuiqing has been doing just average in the internet celebrity domain, not even as good as her sister-in-law Song Wu's company.
Still, annual income exceeds one billion, better than most listed companies.
That's already quite impressive.
"Brother-in-law, the Tang Family is getting more out of line. They're even out there saying you're taking advantage of their misfortune in order to strike at them."
"Let them say whatever they want. Do you think I care?"
Chen Pingsheng truly didn't care. To put it bluntly, no matter who approached him, he always upheld the same standards.
Land is only transacted at the standard price for 15 years; commercial real estate, including ultra-grade A office buildings,
would only be sold at the standard price for 12 years.
Nowadays, business operations are getting increasingly tough; big companies are all building their own headquarters.
Small companies don't last more than a few months before shutting down. Offering to buy at a 12-year price is already considered quite generous.
In reality, he doesn't even want to acquire these kinds of assets anymore.
If he had the money, wouldn't it make much more sense to invest in the stock market?
The only reason he's considering acquiring some cheap land is to build hundreds of thousands of housing units for employees.
"Sigh... I didn't expect the real estate industry to become this challenging. Every time the Tang Family invites people over, it's either about borrowing money or asking for loans. Unfortunately, the only one who could put together the funds now is you, brother-in-law."
Song Shuiqing could understand why her brother-in-law had firmly opposed Song Wu marrying into those real estate tycoon families.
Clearly, he had foreseen today's situation!
The Tang Family's crisis could still be manageable if they showed resolve this year by cutting off assets for survival, selling off hundreds of billions worth of property.
But if they hold out for another two years, they wouldn't even be able to apply for bankruptcy liquidation.
"I don't have much money either. I'm planning to reduce family expenses next year."
While his family generates a lot of income, their expenses are equally enormous.
Just take the Jinshan Super Villa — with over two hundred employees, plus all sorts of food expenses, clothing, luxury cars, and shopping for luxury goods.
A minimum of five billion a year is unavoidable. Not to mention his superyachts, resorts, and leisure clubs.
Including the kids, he easily spends 1.7 billion to 1.8 billion a year. That's all very normal.
Of course, Song Shuiqing knew her brother-in-law's yearly expenses were shockingly high. Forget everything else — just the lifestyle at the Super Villa says it all.
The tea alone costs no less than half a million per pound. Still, the expenses are high, but the income is even more extravagant.
"Impossible to spend it all" is the only way to describe it.
She didn't stay long and quickly left.
After she left, Song Yanxi called her sister Song Wu, asking her to bring her new boyfriend home for a visit.
This boyfriend was introduced by Chen Pingsheng. She wasn't too satisfied but didn't object either.
He seemed stable and reliable.
Song Wu doesn't have much ambition these days. Acting is purely a hobby and interest; she doesn't rely on it to make a living.
Her real source of income is that internet celebrity brokerage company, which earns over one billion annually.
This money wasn't touched by Chen Pingsheng. It was essentially a gift of an internet celebrity business to his sister-in-law.
Once a woman has enough money and children, her attitude towards marriage becomes completely optional.
It's no longer a necessity but an accessory to life. This is why Song Wu isn't particularly inclined towards marriage.
She's even less interested in having more children.
The family doesn't pressure her either; she's free to live her life as she wishes.
She's even more carefree than her younger sister Chen Qi.
Chen Qi is remarkable too. After discovering qipao shops are highly lucrative, she opened a massive one in Jinshan.
All kinds of promotional ads, practically short of handing out flyers in front of Tengying Group's headquarters.
Her effort to make a little extra money is admirable — no one's quite like her. Chen Pingsheng bought storefronts on Nanjing Street for her and her elder sister. Financial freedom is guaranteed.
It's just a matter of earning more money to give to the kids.