Chapter 184 A Stack of IOUs(2/2)
It can be said that lending is the most profitable business these days, but the entry threshold is high, and it is impossible to do it without good connections.
Huaiyu thought that he might as well open a pawn shop of his own.
These days, pawnshops are generally called pledge shops, or longevity warehouses, which originally originated from Buddhist temples in the Northern and Southern Dynasties.
In the Tang Dynasty, government offices had public money, and the money-grabbing orders were used to lend money. Temples had longevity treasury for mortgage lending. Even gold and silver shops, grain shops, etc. also engaged in financial lending business. Gold and silver shops generally also operated various businesses to store and store valuable money for customers.
The service is equivalent to a bank safe. There is no interest for depositing money and you have to pay a storage fee.
Those big temples and big business houses can even provide important customers with some long-distance remittance services such as Chang'an deposit and Luoyang pickup.
Huaiyu felt that everyone was coming to the Wu family for loans, so it would be better to open a warehouse and run it directly. Anyway, he did have some spare money on hand now. He couldn't just leave it in the cellar to grow mold, or deposit it in someone else's house and pay the storage fee to someone else.
?
If he lends it to himself, he can make money by making money. The key is that this mortgage shop is very profitable. He is also the son of Jianguo County now, so he doesn't have to worry about being slaughtered and annexed by others.
When I mentioned this idea to Lao Wu and Huai Yi, Lao Wu was a little hesitant. He always felt that this kind of business was not easy to do. He still thought it was safe to buy land, slaves, cattle and horses if he had money. Huai Yi had never studied these things.
Yes.
"You should think about it again, and if you think about it, just do it." Lao Wu finally expressed his support.
"In a moment, Prince Bin will come to propose marriage to the matchmaker, so get ready."
Chapter completed!