Only after being reborn did I realize how fascinating the world of the rich is.

"How many?"

The two of them screamed in unison, then covered their mouths at the same time. After looking around to make sure no one was paying attention, they turned their attention back to Li Xiaofeng.

Lu Zhendong leaned closer and whispered, "Third brother, don't give me that nonsense. Tell me honestly, how much money did you actually make? Five million or ten million?"

Li Xiaofeng smiled and said in a calm tone, "It's really not that much. If we calculate it according to the current market price, it's only around ninety million!"

From the perspective of ordinary people, one should keep a low profile, keep a low profile, and quietly make a fortune. This is also the operating principle of many self-made entrepreneurs.

But Li Xiaofeng didn't want to do that. In his business philosophy, doing business required the help of friends.

He had no connections or background, so if he wanted to get help from friends, he had to flex his muscles in front of them and show his strength and achievements.

In this world, there are few people who offer help in times of need, but many who add to someone's success.

People with low cognitive abilities are constantly hoping that others will help them in times of need, or they are hoping to win the lottery or suddenly receive some windfall.

People with high cognitive abilities are more concerned with others adding to their glory. They believe that once you are lifted up by others, you can naturally obtain various resources that match your status.

Why do many wealthy people often flaunt their wealth?

Who are you showing off to by buying luxury cars, expensive watches, yachts, or even airplanes?

Do you think it's just to give ordinary people something to talk about over tea?

Their real purpose is to impress other wealthy people. Their goal is simple: to gain the admiration of wealthy people with lower levels of understanding than themselves.

Many people have made money by riding the wave of reform and opening up over the years, but many people lack awareness, which is what is known as being foolish and rich.

Why do many Ponzi schemes specifically target wealthy people? Because it's easier to make money off them!

As I said before, you can never earn more money than you know, and even if you are lucky enough to get it, you will lose it through your own efforts in the future.

Li Xiaofeng doesn't expect others to help him in his time of need; he only hopes that others will add to his success and give him a push on his path to success, accelerating his progress.

Hearing Li Xiaofeng's words, Lü Zhendong was so shocked that he couldn't speak. Cheng Zhiyuan, who was standing next to him, asked incredulously, "Third brother, is it true? You're not lying to me, are you?"

Li Xiaofeng said irritably, "Do I need to make such a fuss? It's easy to tell if something is true or false! Second brother, your family is also in the real estate industry. If you don't believe me, you can have your family go and ask the Jiang family."

"Two years ago and last year, I purchased real estate from the Jiang family worth 100 million yuan each time. The continuous rise in property prices over the past two years, especially this year's surge, has allowed me to amass my current wealth."

"Holy crap!" the two exclaimed in unison.

Li Xiaofeng smiled and continued, "Back then, you and Boss Cao were interested in the construction site business, but I told you I wasn't interested anymore. Did you think I was bragging? You were just sour grapes?"

Lu Zhendong and Cheng Zhiyuan exchanged a glance, gave a wry smile, and shook their heads repeatedly.

Lu Zhendong chuckled and said, "Back then, seeing how much fun and enthusiasm you had for running construction sites, and how much money you were making, we thought running construction sites was a good business!"

Li Xiaofeng laughed and said, "It depends on the person and the stage. Back then, I was penniless. Although I made some money by speculating in the stock market, it wasn't much money in total!"

If I don't go to construction sites to earn some money, where will I get my initial capital?

But you're different. You're all rich kids, each one of you with mountains of money. You have so many good businesses to run, yet you insist on competing with us poor people. Don't you think that's just plain crazy?

Cheng Zhiyuan said with some resentment, "Third brother, why didn't you tell us sooner? If we had known that speculating on real estate was so profitable, who would have bothered with exterior wall coatings? I didn't get any profit, and I got myself into a mess!"

Li Xiaofeng sneered and said irritably, "Fourth brother, second brother, you two, be honest with yourselves, including Boss Cao, although we call each other brothers, did any of you take me seriously back then?"

Second brother, your family is in the real estate industry. Back then, the real estate market wasn't doing too well. If I told you that you could speculate on houses, would you do it?

I think you'll definitely say that your family members are all senior professionals in the real estate industry, and if your family members are unwilling to do it, why should you do it?

The fact that they didn't ridicule me for being stupid and ignorant is already a big favor to me, isn't that right?

Lu Zhendong quickly asked, "Third brother, is it still possible to speculate on houses now?"

"Yes, we can do it. There are over a billion people in China, and with the trend of urbanization, there is huge rigid demand in major cities. In the next ten years or so, the overall trend of housing prices in China will definitely be an upward trend!"

However, rising housing prices do not mean they will continue to rise indefinitely; there will definitely be fluctuations and a lot of uncertainty. Speculating on real estate requires leverage through banks.

It doesn't take much. Once housing prices drop by about 20%, it means that all the assets of speculators in China will go to zero. If they don't have enough funds and can't withstand the losses, their properties will be auctioned off by the banks, and they will have to wait to go bankrupt!

Therefore, there are some tricks to this operation. In addition to the funds invested in the real estate market, it is also necessary to have a large amount of reserve funds on hand to prevent default on mortgage payments and the bank from taking over the real estate.

Well, often high risks lead to high rewards!

Cheng Zhiyuan also chimed in, asking, "Xiaofeng, since your assets have increased so much this year, have you bought anything else?"

Li Xiaofeng smiled and nodded: "I bought some, but not too much. This year I only bought 100 million!"

"One hundred million? That's nothing! Third brother, you're really rich and powerful now!" Lu Zhendong looked on with envy and jealousy.

"Of course that's all. You all know that when I only had a few million, I dared to buy real estate worth 100 million. Now I have nearly 100 million, so why would I only buy real estate worth 100 million?"

"Why?!" the two asked in unison.

Li Xiaofeng, brimming with confidence and exuding an air of authority, said: "On the one hand, it's because you can't put all your eggs in one basket; the risk is too great, especially in the real estate industry, which has very strong policy risks that are completely uncontrollable."

On the other hand, I have better investment channels, and I believe that if I manage them well, I can definitely make more money than speculating on real estate!