What's wrong with me being a rich man?

Chapter 63 Fireworks Bloom ( words, monthly ticket requested)

Bad news, Yu Xingyan took a leave of absence from school to start his own business.

Good news, Yu Xing’s business was successful.

Bad news, financial management failed.

Good news, the money Yu Xing earned is enough to make up for the deficit.

On the evening of September 9, as Yu Xing narrated his entrepreneurial story, Yu Guosheng and Chu Qiying were surprised, worried, panicked and happy. Their son had matured in an unexpected way.

Neither Yu Guosheng nor Chu Qiying had ever thought that Yu Xing could start a company, or that, according to the current development path, their son should enter a hospital and become a doctor in a white coat in two years.

After Yu Xing finished telling what had happened in the past three months, Yu Guosheng and Chu Qiying were speechless for a moment.

After a while, Yu Guosheng tried to figure out a question: "You mean, the company is not making money?"

"We can still squeeze out money if we want to, but we are definitely not making money right now," Yu Xing replied. "But just because the company is not making money doesn't mean the shareholders are not making money."

Yu Guosheng stared at his son: "Are you sure you can sell this company? If someone wants to compete with you, won't the value of your company drop rapidly?"

"That's a problem, but the strategic process of a large company is relatively long." Yu Xing took a sip of water to moisten his throat. "So, what I'm saying is, take advantage of the meeting on the 23rd of this month, no matter if it's a little more or a little, to get the money in your pocket."

Yu Guosheng looked at his son without saying anything.

After a while, he turned to his wife and said with emotion: "I said that reading stories about world-famous entrepreneurs to him during prenatal education is useful! You see! If I hadn't chosen to study medicine, our family would have had a big boss a long time ago!"

Chu Qiying responded with one word: "Bah!"

Yu Guosheng stood up and walked around the living room, then asked his son, "What will you do after you sell your company? Will you go to graduate school? You studied medicine for several years, this... is a bit of a waste."

He suddenly had an idea and said, "Can you combine entrepreneurship and medicine? This way, there will be no waste."

Yu Xing gave a thumbs up, saying his father had a good idea.

Then he answered decisively: "No."

Yu Guosheng: “…”

Yu Xing continued to answer the question: "We are already preparing for our second project, which is to create a workplace community website. We have already received the approval of an angel investor, and she plans to invest money. The investment amount still needs to be determined, but I estimate that it will start with at least several hundred thousand yuan."

Chu Qiying asked doubtfully: "Angel?"

Yu Guosheng helped explain: "Angel investors, right? They invest in startups."

Yu Xing nodded: "Yes."

Yes, that angel waits for the financial crisis to see how much money is left and then invests.

If she keeps her word.

"You want to build a website. Is that possible? Can you make money? Oh, do you still have to sell it to make money?" Yu Guosheng asked.

Yu Xing hesitated a little: "We have to wait and see. If we can achieve scale, at least we can keep the business running. But I have a different positioning for it, so we have to wait and see. Anyway, let's do it first."

Yu Guosheng and Chu Qiying looked at each other. It seemed that continuing the conversation would go beyond the scope of the topic.

"You..." Yu Guosheng felt that the alcohol seemed to be taking effect again. This thing, this thing... Can this still give his son some experience now?

He thought about it again and again, and said earnestly: "Although your current company has achieved some success, you still have to be humble. You just started a small company. Look at those predecessors. There are many big companies above them, and there are giant companies above the big companies. You must be humble."

Yu Xing snapped his fingers and said, "Director, that's a good idea."

Chu Qiying instructed: "If you want to say something, say it in full."

Yu Xing readily added, "Level 4 Chief Section Officer, that's a good idea."

Yu Guosheng said angrily: "Now that you are powerful, rich, and a big boss, you no longer look down on me."

Yu Xing spread his hands: "My mother asked me to do that. Anyway, it's my fault for the financial losses. I have made some achievements in starting a business, and my family will be better in the future."

The couple couldn't help but look at each other again. Their son was indeed different.

Regarding the family's financial management, there were different opinions when we invested last year. At that time, Yu Xing insisted after the first round of investment made a profit, and then there was a second round of profit. Now it is the third round, and then something went wrong.

But after the incident, he was so straightforward in saying that it was his fault...

"It's not your money. After all, it was your father who made the final decision. After all, your father was greedy." Yu Guosheng shook his head. "Although you are now successful in your business and can make up for the money, this responsibility cannot be placed on you like this."

He thought for a moment and said seriously, "Think carefully. This is the result of organizational discussion and a collective decision. How can you be blamed for it?"

Upon hearing this, Yu Xing nodded immediately: "Okay, Dad, if the financial management matter is exposed, your relatives will also say the same thing. After all, everyone is willing to invest, and no one forces them to take out the money for financial management."

Both husband and wife were silent.

Yu Xing continued: "A few days ago, my aunt called me..."

Chu Qiying immediately became anxious: "Why did she call you? Really! When something goes wrong, you start blaming this and that, and even blame it on the child!"

"Mom, listen to me. My aunt said she sold the house and invested the money into financial management." Yu Xing said seriously, "No one forced her to sell the house for financial management. I introduced Yu Xuhui to our family last year, but the decision on financial management and the scale of investment were made by each family themselves."

He motioned for his parents to listen to him. "Also, from what I heard from my aunt, my second uncle also mortgaged the house. How much money did they put in?"

Chu Qiying sighed, "Did they call you? I thought you didn't know. When your dad was cooking, he heard the news about the United States on TV and called me over to stop me from asking you this. Well, they may have invested a lot, probably two or three million in total."

She didn't do any statistics, but she had a vague feeling that it was roughly this scale.

This financial investment started last year, and not much was invested at the beginning. It was only after seeing real rebates that the scale was gradually increased. But even so, Chu Qiying and Yu Guosheng only invested their savings and left some liquid funds in their hands.

They received calls from relatives these days and realized that their investments had become a bit crazy and it was like a financial storm in the family.

Although everyone is generally well-off, such a deficit is definitely a huge loss.

"So, even if I can take responsibility for this debt, the money from selling the company is not enough to make up for it completely." Yu Xing said calmly, "Then I can't take responsibility for it. I use this money to continue my business. But I'm not completely refusing to take responsibility for it. If someone's family gets sick or has an emergency, either my aunt, my uncle, my brother, or my grandfather, I can't bear it."

Chu Qiying nodded and sighed, "Yes, we are all blood relatives. You said this...wait, your grandpa?"

She opened her eyes wide and asked again: "Your grandpa?"

Chu Qiying was so shocked that she even asked, "Which grandpa is yours???"

Yu Xing answered silently: "Your father."

Then he added, "It is said that it was my aunt who instigated it."

Chu Qiying: “…”

She opened her mouth, but no words came out.

If so, is the scale of financial management larger than it feels?
She suddenly felt a little chilly.

Yu Xing gave his father a look and said in a calm tone: "So, don't say that the company hasn't been sold yet and there are still variables. Even if I have some money in my hand now, I can't take this responsibility."

Yu Guosheng reached out and held his wife's hand. Although he was also shocked, he remained calm and said slowly: "Yes, my son is right. The investment was decided by each of us, and how much to invest was up to each of us. When we made money before, no one would ask us to share the money. Now that we have lost money, can we be held responsible?"

He closed his eyes, already feeling that a storm was coming, opened his eyes, and continued: "If we have the energy to spare, we can't just watch everyone suffer, but..."

Yu Guosheng couldn't help but look at his son, hoping to get an answer: "Do you have the energy to spare?"

Yu Xing simply answered: "No."

When Yu Guosheng heard such a straightforward and completely opposite answer, the aura of the fourth-level chief clerk was immediately broken!
He laughed angrily: "Can you say something nice?"

Yu Xing criticized: "Comrade Yu, we must all be responsible for what we say. We cannot speak empty words, exaggerate, or use clichés. You are also an old comrade. The more special the moment, the more you must seek truth from facts and solve problems in a targeted manner."

Yu Guosheng couldn't help but sit up straighter and said seriously: "Comrade Xiao Yu, please tell me your opinion." Chu Qiying listened to the conversation between the father and son, feeling angry and amused, but soon realized that they were using this method to ease their heavy mood.

"I have two opinions," Yu Xing said seriously. "First, we should help our relatives in times of emergency, not in times of poverty. We should prioritize ensuring their basic living security within our capabilities, consider helping them solve their urgent living needs, provide necessary assistance, and tide over the difficulties together."

Yu Guosheng nodded slightly.

Yu Xing hesitated for a moment and continued, "Second, the source of financial management is indeed from me, so it is inevitable that we will encounter irrational emotions after everyone's losses. We need to defeat them one by one. For people with a personality like my aunt, we must fight resolutely, and for people like my second uncle, we need to be gentle."

He thought for a moment and said, "My aunt has a hot temper and is good at instigating others. We must suppress her temper in one fell swoop. We can first communicate with my second uncle and tell him that the family still has savings that can be used for emergencies, but the amount is not much. If it is taken away by others, we will not be able to help him pay the mortgage repayments. Let's unite the front first."

"And grandpa, he's old, so we have to keep this affair a secret from him. My aunt (my uncle's wife) has a rather blunt temper, and Qian's words to my aunt are the same as my second uncle's. Also, my cousin is about to graduate, so I can help him find a job. If that doesn't work, he can go to my company. Well, let my aunt have a fight with my second aunt."

Yu Xing knew who the troublemaker was among his relatives.

Chu Qiying was stunned when he heard his son's arrangements. Has he thought of everything?
Yu Guosheng stayed there for a while, then he let out a long sigh and said, "Son, I am a little confused about your entrepreneurial history."

Yu Xing looked at his father strangely. They were talking about relatives, so why did he change the subject?

Yu Guosheng looked at his son with a piercing gaze and asked, "How could your junior fellow student drop out of school so easily to start a business with you? And how could that reporter, who was working well at NetEase and had only known you for a short time, suddenly have a change of heart and would rather give up his job than stand up and testify against the company's leaders?"

Although he works in a clean department like the Agricultural Machinery Bureau, and although he may never be able to move up any further, Yu Guosheng is still somewhat perceptive.

He just felt that there was something weird in his son's oral narration of his entrepreneurial history.

Yu Xing was somewhat surprised, but he smiled and replied, "Comrade Yu, history should be broad rather than detailed. Those are insignificant things from the past. What lies before us now is the special situation of this time."

Yu Guosheng agreed. After a brief thought, he said, "In that case, let me add two more points."

Chu Qiying let out a breath.

"First, Yu Xing, since your entrepreneurship has achieved success and your next project has been recognized by angel investors, this path is indeed feasible and worth protecting. You can use your current money to help everyone after you make more money."

"Secondly, no matter your uncle, your aunt, your auntie, or your grandpa, they are all relatives. I am not trying to blackmail you morally. From my perspective as a human being, it is enough to have a decent amount of money and a decent life. This will make everyone feel more comfortable, and I think it will also make me feel more comfortable. However, everything should be done to the best of one's ability."

Yu Guosheng is very serious.

Yu Xing nodded: "Okay."

Yu Guosheng looked at his son: "Uh, do you have anything else to add?"

Yu Xing simply said: "No, anyway, I'll watch."

Yu Guosheng thought and considered, and finally looked at his wife: "Comrade Xiaochu, do you have any constructive suggestions on this matter?"

Chu Qiying was silent for a while, then shook his head and said, "No, I need to think about it."

Yu Guosheng made the decision: "Okay, let's think about it, everyone, maybe, maybe, things are not that bad."

He developed a spirit of optimism.

But, things are really bad.

Yu Xing slept well that night as he saw the results of his hard work. However, Yu Guosheng and Chu Qiying did not fall asleep at all, talking about their son's entrepreneurship and the financial management turmoil.

The next day, when the two woke up and saw their son watching TV in the living room, everything seemed more real.

Chu Qiying rushed over, snatched the unlit cigarette from Yu Xing's mouth, and scolded him: "Learn something good!"

Yu Xing shrugged and continued watching TV. Just like yesterday, there was a lot of discussion about the US fiscal situation in the news today.

"What's going on in the United States?" Yu Guosheng sat next to his son with panda eyes.

"The subprime mortgage crisis, and then there was CDO and CDS." Yu Xing answered vaguely, and then said, "When I was brushing my teeth this morning, I was thinking that I could go to graduate school for finance and learn more about these things. I have never tried them before, and I am always a little scared of the unknown."

Yu Xing has never been involved in the financial field either in reality or in his dreams. He only knows how to work hard to make money and save money. Now he thinks that if he could learn some financial knowledge, perhaps he would have a better way now.

But after he said this, he thought of Liu Wanying again. She must know something about it. He himself didn't, but maybe he could recruit talents in this area.

Yu Guosheng said with some satisfaction: "It's good to learn more. It's even better that you are not complacent."

Because Yu Guosheng and Chu Qiying got up late, they had a quick breakfast.

When they all went to work, Yu Xing was the only one left at home. He continued to watch the news while calling his uncle to invite him for lunch.

Although I said yesterday that I would let my aunt-in-law confront my aunt, in fact, it is my uncle who loves me the most, so we can have a more sincere conversation today.

It was almost noon when his uncle Chu Jinxiang came to visit, and as soon as he entered the door, he saw his nephew cooking.

"Oh, I thought your mother was at home. How come you, a top student, are cooking?" Chu Jinxiang asked with a smile, "Xingxing, when did you come back? Why didn't you come back during the summer vacation? Isn't school starting now?"

Yu Xing put the dish on a plate and said with a smile, "I came back yesterday and planned to learn how to grow grapes from you. My mother won't be home at noon today, so I'll let you taste your nephew's cooking skills today."

Chu Jinxiang smiled and squeezed his nephew's shoulder, asking about his life and love life at school.

After chatting for a while, Yu Xing asked his uncle to go to the living room to watch TV.

At 11:50, the food was served and two glasses of wine were poured.

Chu Jinxiang was very happy with the lunch. He spoke highly of his nephew's cooking skills - just like his father.

At 12:40, the uncle and nephew finished their meal and cleared the table. They sat on the sofa, watching TV and chatting.

Chu Jinxiang was originally chatting casually, and the conversation turned to growing grapes, but to his surprise, his nephew was also an expert when it came to growing grapes.

He was a little confused: "Xingxing, did you find another uncle outside? Why did you learn to grow grapes from an outsider?"

"I don't think Xiaoguang is going to grow grapes with you. We can't let this unique skill be lost." Yu Xing said with a smile.

Chu Jinxiang shook his head, feeling somewhat helpless towards his son who was a fool.

Just when he was about to talk about his son's situation, a piece of news suddenly interrupted the TV news.

——Lehman Brothers declared bankruptcy, becoming the largest investment bank bankruptcy in U.S. history.

"Lehman Brothers went bankrupt..." Yu Xing muttered to himself.

Chu Jinxiang didn't react: "American banks are bankrupt, right? What does that mean?"

Yu Xing sighed: "It means we are probably going to witness a fireworks display."

Chu Jinxiang was at a loss:?

Yu Xing stared at the TV screen, his heart beating fast.

A few seconds later, he received a text message on his phone from a potential angel investor.

Liu Wanying: Oh, really, I saw it hahahaha.

Yu Xing understood. The text message was typed randomly on the mobile phone keyboard. It seemed to be just two words - shock.

After a while, the potential angel investor sent a second message.

Liu Wanying: Damn!
Yu Xing replied to the message and comforted: Welcome to invest, as misfortune may turn out to be a blessing in disguise.
Liu Wanying: I am convinced. I am really convinced. You are such a pessimist. My money...

Almost at the same time, Chu Jinxiang finally reacted and asked something similar: "Xingxing, do you think this bankruptcy will affect our money?"

Yu Xing answered affirmatively: "Influence, our money is in it."

Chu Jinxiang was stunned for a long time, then he sighed: "It's over! How many grapes do I have to plant? My grapes! My money! My grapes! My grapes are gone!!"

Yu Xing rubbed his face and said sincerely, "Uncle, let me tell you something. One night three months ago, my fellow apprentice Zhong Zhiling..."

(End of this chapter)