Xu Fenglei laughed and patted his shoulder.
"Lide, thank you for your hard work."
He comforted,
"If we work hard for a few more days, there won't be that many depositors in the future."
"If it doesn't work, you can call your brother Yan Liben here too. We brothers will go into battle together. Are you afraid that we won't be able to win?"
"I'll pay you both your wages in double!"
Yan Lide's face turned bitter.
"It doesn't matter if it's money or not, I really don't care. I'm just doing it to help you."
He sighed softly,
"This can't go on like this. I think we need to call Li Ben here too. He is idle at home and has a lot of apprentices under him. Let's call him together!"
When Xu Fenglei heard this, his eyes couldn't help but light up.
"OK!"
He clapped his hands and praised,
"It's indeed an insult to your talents to let you two paint portraits. We should let the junior apprentices practice!"
"After painting, it is also a craft. Just working in my bank is enough to ensure that they have enough food and clothing!"
These days, those who study art are either rich or impoverished.
If you are a wealthy person, you will despise this job, but if you are a poor painting apprentice, the profession of "bank painter" will definitely be an iron rice bowl!
"good."
Yan Lide yawned, rubbed his stiff and sore wrists and said,
"My subordinates will call them all here tomorrow. With their help, six hundred portraits can be completed."
"I can't do it anymore, I'm tired and sleepy... Minister, farewell, farewell..."
If it weren't for his strong will, he would have just laid down!
"Walk slowly."
Xu Fenglei waved.
Li Qingquan suddenly said softly:
"Yan Gong, the carriage has been prepared for you. Come on and take a nap first."
Yan Lide's expression changed and he looked moved.
"Thank you princess, thank you princess... Look at my official's mind, he's confused!"
He patted his forehead and bowed repeatedly,
"I didn't even react when I saw the princess. I'm so rude..."
Li Qingquan smiled slightly and said nothing. He just waved his hand to signal him to go out.
Thumb thump.
In a moment, Yan Lide climbed onto the carriage and left Fenglei Bank with a sway.
"Not bad, Qingquan, you're very thoughtful."
Xu Fenglei said in surprise,
"The carriages are all ready."
Li Qingquan pursed his lips and smiled.
"My disciple is unfamiliar with other aspects, so I think I have to work on the details."
She said,
"It doesn't cost much to prepare a carriage, but it can make Yan Lide feel the master's respect and care."
"Why not?"
After listening to her words, the admiration in Xu Fenglei's eyes became more intense.
"You are really becoming more and more like your mother."
He praised highly and then said seriously,
"Princesses have always been used as vase decorations and as tools for marriage."
"But since you have become my apprentice, you must not be a flower vase! Otherwise, why would I spend so much time teaching you? Is it for you to be your husband and raise your children? Are you just playing?"
"Including you, including Li Zheng, I hope that you are as promising as the boy, and can stand on your own! Don't become a tool for marriage!"
"Even if she does get married in the future, she will be the matron of the family, a strong woman who can manage the family business and protect her from wind and rain!"
"Qingquan, can you understand my expectations as a teacher?"
With these words, Li Qingquan's smile faded and his expression became solemn.
"Follow Master's teachings."
She bowed her hands and said,
"Disciples must live up to Master's expectations and not be used as vases or tools!"
As a concubine, she didn't study or study, and she didn't have any ideas in her mind.
But after two years of studying under Xu Fenglei, she had independent thoughts in her mind!
At this moment, the master's words confirmed her thoughts -
Follow the path you want to take and don’t be a slave to others!
"That's very good."
Xu Fenglei looked pleased.
"Master, I still have a doubt."
Li Qingquan suddenly said,
"We give savers so much interest money to attract them to save, but this interest money has to be paid out every day."
"The bank is not making money, but is still losing money... It is definitely not an option if this continues."
"Disciple, I would like to ask where the profit point is? Is it the loan you mentioned?"
At this time, the waiter brought two cups of hot tea.
"It's cold, drink some hot tea to warm yourself up."
Xu Fenglei held up the teacup and blew on it, then raised his hand and said,
"Sit down, let's talk slowly."
"I won't be able to focus all my energy on the bank's affairs in the future, so you must understand the operation mode here."
"When you understand everything, I will leave all the power to you, and I will be a hands-off shopkeeper!"
"When the time comes, if you want to pursue freedom and not be restrained, Fenglei Bank will be your bargaining chip!"
Li Qingquan's mind moved and his ears perked up.
"Loans are the bank's biggest profit point."
Xu Fenglei said slowly,
“What is the interest rate we give savers on a three-year deposit?”
"Three centimeters." Li Qingquan blurted out.
"So, if someone is in urgent need of cash and wants to get a loan, the three-year loan interest rate we offer is 7%!"
Xu Fenglei smiled and said,
"Calculate, how much money can the bank make from this?"
Li Qingquan was shocked.
"More than twice as much!" she blurted out.
"correct!"
Xu Fenglei snapped his fingers and said with a smile,
"The bank's profit mechanism is actually just one sentence: suck money in from the left, and then lend it out to the right!"
"The bank itself has no money, so the money it lends out is all depositors' money! To put it bluntly, it uses depositors' money to lend, the loan and interest are recovered and distributed among depositors, and the rest goes into our bank's own pockets!"
"Do you understand?"
Li Qingquan opened his mouth slightly.
"Then this is nothing but a white wolf..." she said weakly.
"How can it be that simple?"
Xu Fenglei laughed and said,
"First of all, you have to attract savings first. Why should depositors trust you? Money is their life and fortune. By depositing their money in the bank, they are giving their wealth and life to us!"
"Just establishing trust is difficult and dangerous! Only by using your own identity as a guarantee and getting the endorsement of the court or even the royal family can you get a good start."
"If you were an ordinary person, who would believe you?"
Li Qingquan nodded slightly.
"In addition, you must be strong enough to open a bank. I have prepared a reserve of more than 100,000 taels of silver for my master, plus generous support from the Queen."
Xu Fenglei said again,
"Suppose you don't have enough savings, and there is an endless stream of people who can borrow money. They are extremely high-quality resources. As long as you lend to them, you will receive money steadily. What should you do? Do you have to pay out of your own pocket?"
"Let's also assume that there is a war on the border, and depositors withdraw money on a large scale, causing a run. But all the depositors' money has been loaned out. How do you pay? Failure to pay will cause credit collapse and lead to greater disasters. So, do you think you should still pay? Do you have to pay out of pocket?”
Li Qingquan: "..."
(End of chapter)
