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

When Shanghai's housing prices plummeted in 05, Li Xiaofeng used shares of Wanzhong Media as collateral to obtain a loan of 15 billion yuan from banks.

Taking advantage of the fact that banks have not yet strictly controlled the use of loan funds for real estate speculation, he took out 12 billion yuan of it and bought 4 billion yuan worth of real estate at an average house price of more than 6,000 yuan.

The average price of these properties has now risen to around 10,000 yuan per square meter. Li Xiaofeng roughly estimated that the gross profit is about 2 billion yuan, and after deducting corporate income tax and various transaction fees, the net profit is about 15 billion yuan.

With the principal of 12 billion yuan, he will still have 27 billion yuan left after selling the real estate.

The reason why most people say that real estate is profitable is because in the real estate industry, even if it's just speculating on houses, you can make your investment scale large enough in a short period of time. Moreover, as long as you have money, you can make it as big as you want.

In other industries, you need to use various marketing methods to gradually expand your market share and increase production scale.

If the market expands too quickly, it may even result in losses, and continuous investment in product development is required to maintain a competitive advantage in the market.

Many entrepreneurs, in order to seize the market in advance, are willing to lose money and burn cash to build up the market as soon as possible. This is a common development approach used by many successful entrepreneurs later on.

But the real estate industry is different. Real estate is a basic necessity. As long as you build a house and the quality isn't too bad, it will always sell. Unlike other industries, it's not as difficult.

Li Xiaofeng roughly estimated that the $8 million cash-out from Wanzhong Media's shares would amount to approximately 65.6 billion yuan. After paying the 20% capital gains tax and other fees, 52 billion yuan would remain.

After repaying the 15 billion yuan loan secured by the shares, and helping Hongxing Electric Vehicle Factory repay the 6 million yuan loan for capacity expansion, they still have 31 billion yuan left.

In addition, after selling the real estate, the principal plus net profit will bring in 27 billion yuan. These two assets alone will bring in a total of 58 billion yuan.

Currently, the top five richest people in China have a net worth of just over 10 billion yuan, which is mainly based on the market value of their shares. Once the stock price falls, their net worth will be significantly reduced.

Liu Shasha said that his current net worth is enough to rank him in the top ten of the rich list, which is indeed not an exaggeration.

Now that she's a senior manager at the bank, she knows Li Xiaofeng has so much cash on hand and compliments him on being in the top ten of the rich list. She must want her to deposit this money in a fixed deposit so that it can boost her performance.

With this achievement, she had more say in the bank and was promoted further in her position.

Li Xiaofeng understood her implication and did not refuse. He smiled and said, "Let me make this clear first. I will only put this money in your account for a year at most. After a year, I will definitely take it out and reinvest it."

It's perfectly reasonable to help his woman out of the goodness of his heart, but he wants to wait until next year's economic crisis to buy back the money at rock-bottom prices, so he can only put it in a one-year fixed deposit.

"Oh, it's only for one year!"

"It's already good enough that I can give you a year to save. Do you think that by cashing out my assets now, I'm planning to lie down and quit for the rest of my life?"

I'm only twenty-seven, not even thirty yet. I have a bright future ahead of me. Cashing out now is to take a break, organize my assets, and then reinvest!

Liu Shasha nestled close to Li Xiaofeng and said sweetly, "You're amazing! You've earned so much money at such a young age. Being with you makes me feel like you're invincible!"

Li Xiaofeng smiled and said jokingly, "It's not that you can do everything. I've been working here for so long, and I've put in a lot of seeds, but I haven't reaped a single harvest. This hardworking and honest farmer of mine has lost everything!"

"Pah, you're not exactly innocent, you're more like a coward. You're shameless, taking advantage of others and then acting innocent!"

Liu Shasha rolled her eyes at him and then smiled and said, "One year is fine. With so much money and these achievements, I'm eligible for a promotion. I have good news for you: I'm being transferred to the head office!"

"Oh, so this counts as a promotion?"

"No, it's more of a lateral transfer. But there will be more opportunities at head office, and the promotion speed will be faster. In addition, my previous work experience will not be erased. With your support, I believe I will advance further sooner or later!"

"This can be considered a promotion, just like the difference between a local official and a government official in ancient times!"

Liu Shasha said with a grin, "Actually, this is a good thing for you too!"

"Oh, what do you mean by that!"

"After the head office saw my outstanding performance, they transferred me to the head office and put me in charge of the head office's credit business. The amount of funds that I can mobilize here is incomparable to that of the branch office."

As your business grows bigger, you'll definitely need more and more capital. It will be much easier for you to get large loans from me in the future.”

Li Xiaofeng smiled and said, "Great! Let's continue to cooperate closely from now on!"

Just as Liu Shasha was about to agree, Li Xiaofeng pulled her into his arms, and she couldn't help but complain, "Ah, this is the kind of cooperation you meant when you said close cooperation!"

Besides the 58 billion yuan lying coldly in the bank, Li Xiaofeng now owns an electric vehicle factory, a nationwide chain of gyms, and a film and television company.

In addition, he cashed out his shares at the beginning of this year and sold off his real estate properties, which saved him a lot of money on interest and monthly payments.

Originally, his annual interest and monthly payments would amount to approximately 2.5 million yuan, of which about 1 million yuan would be bank interest and 1.5 million yuan would be monthly payments.

Now that the loan has been paid off in advance, the monthly payments will gradually disappear. Li Xiaofeng estimates that he only needs to add about 50 million yuan in monthly payments.

In this way, he can save about 200 million yuan.

Last year, Li Xiaofeng invested 2.5 million yuan in the film and television industry, originally intending to earn enough this year to cover interest and monthly payments. Now, without the need to cover interest and monthly payments, Fang Huiya has 4.5 million yuan in her hands.

However, since Li Xiaofeng had already decided to temporarily sell Wanzhong Media, the six Rolls-Royces and a yacht he purchased with Wanzhong Media's funds would inevitably fall into someone else's hands.

Therefore, before his shares were traded, Li Xiaofeng used his position as chairman to sell the six Rolls-Royces and a yacht to Fang Huiya's Dingdian Film and Television under the guise of secondhand goods at an extremely low price of 50 million.

In this way, he could ensure that his women could continue to use those luxury cars and enjoy the pleasures of yachting, and it would also be more convenient and legitimate for Fang Huiya to use the yacht to entertain clients.