Chapter 1974

You've grown up.

Cross Picard is gone.

Cross Picard left just three hours after he arrived.

"Father!" Daniel Picard looked at cross Picard's leaving team and finally said.

He knew that his father cross Picard should have seen the reality on his side. Perhaps he already knew that all this was his own drama. But he didn't expose him.

Why?

I'm afraid we are father and son after all. Blood is thicker than water.

Daniel Picard smiled with relief at the thought.

After all, my father can't really care about himself.

Well, now is the time to show your strength.

The whole base has the final say.

Moreover, Qin Feng's statement when he left also shows that Qin Feng will not intervene here. Qin Feng only needs his share of interests. Everything else is his.

Daniel Picard is ready to develop the base into a base completely under his Daniel Picard.

The interests of the gold mine belong to Lin Feng, but the base belongs to him. Of course, the family will be his strong backing and best partner.

Yes, that's the relationship!

At this moment, cross Picard, who was far away on the leaving team, closed his eyes.

This time, the moth made by Daniel Picard is a little big. For personal gain, the mercenary Corps carefully cultivated by the family was destroyed.

It's a big loss.

Fortunately, he found a scapegoat, which is an explanation to the family.

After all, it was the three warlords who suddenly broke the rules, and Daniel Picard kept the base, which is good.

As for his ambition, cross Picard was very pleased.

In the past, Daniel Picard was a dandy, and there was nothing he could see. So he gave him a trust fund worth $10 million.

The principal cannot be moved.

Daniel Picard can only use 85% of his annual investment profit dividends. The remaining 15% should be invested in the fund again as an investment to make money.

The reason for this is also very simple.

World prices will rise. Every year, prices are rising, and according to the calculation of the Picard family, the average annual price rise is about 6% - 7%.

The reason for leaving 15% of the income into money is that the big family is used to double insurance, so 15% is set aside for money.

In this way, the $10 million, calculated by the family's return on investment, can yield about 8% a year. So, it's $800000 a year.

Of which $680000 was spent by Daniel Picard. Another 120000 dollars will continue to be invested in the trust fund to make money.

Then, in this way, the 120000 US dollars next year will generate a revenue of 9600 US dollars.

That way, Daniel can spend another $8160. And $1440 will be invested in the next year.

In that case, the first year is $10 million, and the trust fund in the second year is $10.12 million. In the third year, there will be $1024.144 left. In this way, day after day, year after year, there will be more and more trust funds.

In the end, it is enough for Daniel Picard to become the main source of financial revenue for his family after he married and had children and formed his own family several years later, that is, 20 or 30 years later.

This is how many large families in the West gather money and use it to make money.

This is far better than giving future generations a sum of cash.

This suddenly gives people a lot of cash, which is a great temptation for anyone.

People, as long as they have money, usually begin to squander.

This is a very normal situation.

It can even be taken for granted.

In this case, the money you give will soon be wasted.

Not only will his family soon be ruined, but also his heirs may be infected with many bad habits.

These bad habits will eventually destroy him.

Instead, you keep the trust fund.

Then, no matter how future generations fail, he can only lose the annual profits of the trust fund.

Its principal has always been, and because there is a certain income to continue to generate money, the amount of this principal will become larger and larger.

In the end, the money will reach an amazing figure.

And once future generations wake up, they still have the qualification to make a comeback.

Of course, it does not rule out some extreme cases in which future generations squander and owe a large gambling debt, resulting in the trust fund's money being used to repay the debt every year.

However, generally speaking, large families will make a capital distribution on the trust fund. A professional trust fund management committee will be hired to manage the trust funds of a series of heirs of the family.

Usually, it will also be agreed that if the heir is insolvent, the trust fund will only be used for the heir's own living expenses and will not have the function of paying his debts.

This is also to prevent the heirs from acting wantonly, being cheated, owing a lot of gambling debts and so on.

In that way, the heirs keep the trust fund empty, but they are hungry and cold, which is definitely not what the big family wants to see.

After setting such terms, creditors can not forcibly take the annual profit dividend of the trust fund.

It's no use even going to court to complain.

Because the debtor is insolvent. Bankruptcy is the best.

The money of the trust fund, although nominally enjoyed by the debtor. But its owner is not the debtor.

In this case, it is naturally impossible for the creditor to take away the trust fund enjoyed by the debtor.

This is why, under the modern western system, their families can last for hundreds of years and even become more and more prosperous.

This is far better than the complete inheritance system of large families in China.

Originally, cross Picard thought that Daniel Picard had been eating and drinking all his life. Maybe people in the future will wake up when they are middle-aged.

But at that time, he may be gone. He is too lazy to bother about the future. There's a trust fund anyway.

Never thought, Daniel Picard seemed to suddenly open his mind.

This makes cross Picard happy, but also secretly worried.

It is gratifying that Daniel Picard has finally become a talent and is no longer the laughing stock of the family. The worry is whether he will have the idea of competing for family property with his brother.

If so, it will inevitably bring disaster to the wall.

The palm and back of the hand are all meat, which is undoubtedly difficult for cross Picard to choose.

This is also what big families fear most. Two excellent heirs are often not necessarily good.