Chapter 1005: Financial management on behalf of others
"If you look at it from the perspective of a trust institution, it is entrusted by others to manage their finances on their behalf!"
Afraid that the old guys wouldn't understand, Ying Feiyu spoke up again.
"Entrusted by others to manage their finances?"
The veterans looked at each other.
They understood it, and it was indeed a good idea, but they just didn’t think it was reliable!
"Your Highness, how can there be such a good thing in the world? Help us invest in business, and keep doing it. In the end, it won't all end up in their own pockets, right?"
Zhang Han curled his lips and kept shaking his head.
"Yes, Your Highness, if they have investment vision and experience, why don't they invest and do business themselves? Do they have to help us take care of it? How can there be a free lunch in the world?"
Chunyu Yue didn't believe it either.
"If you think so, will the prince personally take care of his properties? Will the shopkeepers be unable to use them? What if they leave with the money in the shop?"
"Is Yu Wenxuan no longer able to use it? As long as he puts his mind to it, my prince's money will become his money!"
Ying Feiyu was simply defeated by them, and the trust between people was gone.
"This is different!"
The old guys waved their hands.
In fact, they couldn't tell exactly what was different.
It is impossible for one person to manage many stores without a head and six arms, so he can only hire shopkeepers to manage them!
This has been done since ancient times, and they didn't think there was anything wrong with it, and they didn't doubt that the shopkeeper would take away the money!
It's just that this trust institution is a new thing and everyone has never been exposed to it, so they are suspicious!
"What's the difference? The shopkeeper is just like a trust institution. They have the ability to take care of the shop. Why don't they open the shop themselves and have to be the shopkeeper? Isn't it because I don't have the funds and don't want to take risks...?"
Ying Feiyu smiled and continued: "The same goes for trust institutions. They have no money to invest and don't want to bear the corresponding risks!"
"But the shopkeeper earns a salary, so he is well paid for his work!"
Meng Yi said.
"It's the same with trust institutions. They get a share! The properties they invest in don't make any money, so they don't charge any money! If they make a lot of money, they still have to take a certain share of it!"
Ying Feiyu gave a corresponding explanation.
That's a trust, not a charity, so how can you work in vain?
"I see!"
Wang Ben and others heard this and nodded clearly.
It turns out that this trust organization is not working for nothing.
This way, they feel more at ease!
"If the shopkeeper takes the money and escapes, the court will try its best to arrest him! In the same way, when handing over the property to a trust institution, a contract will be signed. As long as they take money that they should not take, the court will never ignore it!"
"Oh! With the protection of the law, I feel more at ease!"
"Yes, yes, why did I forget about the contract?"
When Ying Feiyu mentioned the law, the old guys felt more at ease.
"Of course, in addition to the trust institution, those capable people in the family can also participate in jointly deciding the investment direction and supervising the trust institution at the same time!"
"This is good, this is good! I feel more relieved if my children and grandchildren can participate! In this way, I won't be afraid of the trust agency messing around!"
As soon as Ying Feiyu brought it up, Zhang Han showed great interest and nodded repeatedly.
"Don't worry, Zhang Shangshu. The trust institution still expects to use your money to make investments so that they can get dividends! How could it be possible?"
This old guy is notoriously stingy and is afraid that others will care about his money.
"Haha! His Royal Highness is right! That trust institution also hopes that we can make more money, so that they can pay more dividends!"
"That's right! That's the truth!"
Ying Feiyu nodded and agreed with Chun Yuyue's statement.
"As for the conditions that your children and grandchildren need to meet to participate, you can decide it yourself! The remaining ones who are not talented enough can just wait for the dividends! Put those shares and money in the trust institution, and you don't have to worry about your children and grandchildren being unfilial in the future.
, all lost!"
"Yes! His Royal Highness is right, it is indeed a good idea!"
"Your Highness, I have an idea, but I don't know whether I should talk about it or not!"
Meng Tian asked tentatively.
"If you have any ideas, please tell me. This is just a suggestion!"
Ying Feiyu said with a smile.
"Can we, as a family, set up a trust institution ourselves? In this way, we not only have peace of mind, but we don't have to give out part of the dividends to others!"
After saying that, Meng Tian scratched his head in embarrassment.
He is a rough man who doesn't know anything about business. He just had an idea that suddenly came to him when the prince was explaining the trust institution!
"Huh? Lao Meng, I didn't see it, your head is spinning pretty fast!"
"Yes! This is a good idea, but I don't know if it is feasible or not!"
As soon as he finished speaking, Zhang Han and Wang Ben's eyes suddenly lit up and they spoke one after another.
Then, several other people nodded and turned their attention to Ying Feiyu!
They thought this was a good thing, but they had to ask His Highness the Crown Prince to analyze it for them in detail!
"feasible……!"
The answer given by Ying Feiyu is yes.
"Is what His Highness the Crown Prince said true?"
It was so easy to get him to nod, and the veterans even felt it was a little unreal.
"It's absolutely true! You set up your own trust institution and have a few business-savvy people to check, restrain and supervise each other! The biggest advantage is what Meng Shangshu just said, you can distribute dividends to others differently! Of course, this prince
It’s about having a business acumen!”
Ying Feiyu emphasized again and again.
If you pick a few people who have never done business and don't know how to do business, and they only choose the kind of loss-making business, then you don't have to be unfilial to defeat them, they will be ruined!
"Yeah! Yes, yes, yes! Later, we will train a few of our grandchildren, and when we are a hundred years from now, we will let them manage the trust institution!"
The veterans nodded repeatedly, full of confidence.
Whether it is handed over to other trust institutions, or they set it up themselves, at least they have found a reliable way!
Most of their sons have joined the army, followed Han Xin, and achieved many military exploits. Their futures are bright, and they must not be allowed to switch to business again!
It can only be cultivated from the grandchildren!
There is no rush anyway, even if they die, it is impossible for their son's generation to sell off the family property.
Just set up the trust before your son passes away!
"Thank you, Your Highness, for giving us such a good idea! Otherwise, I'm afraid we will have to worry about this matter for the rest of our days!"
"Yes! This way, we can sit back and relax!"
"The next days are about making money, making money and making more money! If you save more family property, your descendants will be more prosperous, haha!"
"That's right! Your Highness, if there is any good business that makes money in the future, you must bring one of us with you!"
"Yes, yes, Your Highness, please don't forget...!"
The old guys have sad faces when they enter the house, and feel like a spring breeze when they leave the house.
The old faces smile like chrysanthemums!
"Let me just say it? His Royal Highness must have a way!"
On the way back, Wang Ben smiled proudly.
"Okay, we all know that His Royal Highness is the son-in-law of your Wang family, look at how proud you are!"
How could the other people not understand what he meant by what he said, so they immediately rolled their eyes at him.
"That's right. Having His Highness the Prince as a son-in-law can keep our Wang family beautiful for several lifetimes!"
Chapter completed!