Don't be fooled by how much money you have now; there will be a period of time when you won't be earning any income. Don't rush to object or refuse; you can learn more about it.
Mr. He remained silent.
Then he asked, "What are you going to do during the Chinese New Year?"
"You should first learn about loans, understand the country's economic development policies, and see how others operate. You can talk to the owner of the Bosi factory more; they might even owe the bank a loan."
"How can they be in debt when their business is doing so well?"
"Not everyone can borrow money from banks. Business people with high turnover will be proactively contacted by banks for deposits and loans. They can use the borrowed money to expand their business and make money from the bank."
Take my experience opening a shop as an example. I earn more money running a fast food restaurant now than I did running a street stall, right? But why did I run a street stall? Because I didn't have any money. If I had borrowed money from the bank and opened a shop earlier, wouldn't I have earned more from the start?
"But there's bound to be interest on loans. You borrowed money to open a shop, so you'll definitely have to pay interest."
“But without money, the business can’t get off the ground,” He Wenlin said. “The government is estimating economic development, so loan interest rates definitely won’t be high. Doing business is risky, but we have two shops and a food factory to back us up, so what are we afraid of? I’m only fourteen, and you and Mom are in our prime. If we borrow fifty or sixty thousand, and we lose it, we’ll work together to pay it back. Even if the business fails completely, we can work to pay off the debt in a few years. If we make a profit, we’ll have a house and a car.”
Mr. He was somewhat persuaded.
He Wenlin: "It's too early to say anything now. You don't even have a driver's license yet. Get your driver's license first."
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