Most of the daily affairs are handled by volunteers and students, who have irregular working hours and naturally their salaries are not very high.
The less money spent on day-to-day operations, the more money can be spent on public welfare projects.
As the de facto manager of Dream Building, Chen Tongfu's after-tax monthly salary had just exceeded 10,000 yuan, already the highest salary at Dream Building. In Shanghai, hiring a capable manager for only 10,000 yuan after tax was practically impossible. Chen Tongfu could easily find a job at any company and earn ten times the annual salary at Dream Building.
Wen Ying is one of the fund's investors, and she sees Dream Building's income and expenditure statements every quarter. Currently, Dream Building's income outweighs its expenses.
This is not easy.
The annual public welfare expenditure and management costs of "Building Dreams" add up to 3 million.
The initial capital of "Building Dreams" is 20 million.
Without accepting external donations and without wasting the capital, the managers of "Dream Building" have to use 20 million in capital to earn back the 3 million in fixed expenses each year... It sounds simple. Chen Ru's returns from stock trading are higher than this, but Wen Ying knows how difficult it is to achieve this.
After all, Buffett, the new world's richest man who topped the "Forbes List" in 2008, has an average annualized return of around 22%!
Some people accidentally achieve an annualized return of more than 20% on their investments, and they may mistakenly believe that they have an investment level of 20% annualized return.
In fact, because of some good luck, you may make 200% profit in one year, but then you may be unlucky and lose 400% profit in the next year. This is the norm for ordinary people!
Wen Ying didn't know how Chen Tongfu did it.
Anyway, "Dream Building" now has a total capital of 38 million.
If it is difficult to use the investment income generated by the principal of 20 million to cover the annual fixed expenditure of 3 million, it is obviously easier when the principal increases to 38 million - so, every day that Chen Tongfu works at "Dream Building" is like a big boss playing games!
Thanks to Chen Tongfu's help, Wen Ying was really relieved.
Chen Tongfu remained gentle. "I told you, trust is more important than ability. Managing Dream Building is not a difficult task."
"That's because Uncle Chen, you have laid a very good foundation for 'Building Dreams'!"
Wen Ying bowed solemnly to Chen Tongfu, "Thank you for all you have done for 'Building Dreams'."
Chen Tongfu waved his hand. "Don't be polite with me. I do have some urgent matters to attend to. I need to complete the handover with you at Dream Building. Now that you understand the fund's operations, I'll introduce you to the fund's current employees."
Chen Tongfu was so anxious to take over that Wen Ying couldn't help but be curious about the "urgent matter" Chen Tongfu mentioned.
——Is Uncle Chen going to save the world?!
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