112. Ideas for reinvestment
112. Ideas for reinvestment
After dinner, Lu Mingfei talked to his father and mother about the matter that they hadn't come to a conclusion last time, and said, "Father, Mother, why don't we go outside the city and see if there are any fields near the river and buy a few acres to raise ducks?"
"Huh? Why do you want to raise ducks?" Lu Youtian asked curiously.
Last time, they told their eldest son that the family had some extra money and wondered whether to buy a house or look for a suitable shop outside to rent and start a business. After all, constantly using someone else's yard to store things wasn't a long-term solution.
They had already kept the ducks at other people's houses for almost the same period of time. Did they want to keep them forever? So Lu Youtian wanted to rent a shop. However, he didn't expect that his eldest son would bring up the idea of buying land and raising ducks today.
"I've thought about what you told me last time. If we use this money to buy a house, we won't have any money left at home. Even though you and my mother earn some money from setting up stalls on the street every day, it's not very safe after all."
"As for renting a shop, once I put in the money, I'd still be renting a house, so I feel like I'm losing out."
"Dad, you and mom are setting up a stall on the street now, and we have a place to set up your stall. We don't really need to rent a shop. Customers are used to looking for you there. If you suddenly change the location, old customers won't be able to find you, and it will affect business. It's better for us to take this money and do something else." This was an idea Lu Mingfei had been thinking about for a few days. Instead of using all the family money to buy a house, he preferred to use this money for investment.
After all, it was not easy for their family to earn such a small amount of money. If they used the money to rent a shop, it would not be enough to pay the rent for a year. Moreover, if they rented a shop, the monthly rent of the shop and the rent of their current house would be enough for them to buy several acres of land outside the city.
If he had to choose between buying a house and renting a shop, Lu Mingfei thought it would be better to use the money to buy a house. At least the house would be here, and they wouldn't have to pay rent. Of course, if he had to choose between the three options, he would still prefer to use the money to buy land and raise ducks.
"I want to raise ducks because every part of a duck is a treasure. First, the meat can be eaten, and the internal organs can be braised. Secondly, the duck feathers can be made into clothes and quilts for sale. We can open two workshops, one for processing duck meat and the other for processing duck feathers."
"Yes, clothes made of duck feathers are warmer than cotton-padded clothes. We should raise ducks to make clothes and quilts to sell." Liu Sanniang's eyes lit up when she heard this, because their family has been using duck feathers to make coats and quilts for so many years. The whole family wears clothes made of duck feathers in winter, so they don't feel cold when they go out in winter.
At night, I cover myself with a quilt made of duck feathers. It is very warm and light, and it is warmer and more comfortable than a quilt.
The idea of using duck feathers to make clothes and quilts was first brought to them by their eldest son many years ago. At first, they didn't believe him, but when they finally had some duck feathers saved up, Liu Sanniang experimented with making a small jacket for her child. Unexpectedly, that winter was so cold, and the child wore the jacket underneath, keeping his hands and feet warm after school. After learning about the benefits of duck feathers, the family kept them for clothing and quilts.
It’s just that they never thought of turning this into a business before, mainly because they had no money before, and they didn’t dare to think of anything else except setting up stalls to do business all day long.
"But we raise ducks ourselves. Will the feathers we save be enough?" This was Liu Sanniang's doubt.
Lu Mingfei had naturally thought about these issues. "We can raise some ourselves, and then cooperate with people in nearby villages to let them raise ducks with us. We can buy the ducks that grow up from them at the market price."
"After we collect the ducks and slaughter them, we can make the duck meat into marinated duck or smoked duck, or cut it into dices and marinate it to sell, or make it into duck jerky. We can sell the duck meat wholesale to merchants at a low price, or put some of it on the stalls, or sell it in front of my godfather's store."
"But if we kill a lot of ducks, we can't do this in the city. Otherwise, the smell will be too strong and I'm afraid the neighbors will have objections. Then we can build a processing plant outside the city to process ducks."
"As for the problem of not having enough duck feathers, we can tell the peddlers outside that we buy duck feathers here, and ask them to buy some duck feathers and bring them back to us when they go to the countryside to sell their goods."
"Ling Xuan's family is in the cloth business. When our ducks grow up and we have duck feathers to make clothes, I can also seek cooperation with Ling Xuan. He will provide the labor and the cloth, and we will provide the duck feathers and technology. I think he should be willing to do that."
In this way, they used the money to make four investments: one was to buy land, one was to engage in breeding, one was to process meat, and the last one was to process duck feathers.
However, they are not familiar with silk fabrics, so they may need to find someone to work with.
Another major reason they needed to find a partner was that they didn't have many people available at home. He needed to go to school and couldn't devote much energy to the family business, so he could only lend a hand occasionally. And his mother had to manage the braised food stall, so only his father was free to manage the new business.
"When we open a farm, we can ask my adoptive father and his family if they want to invest a little. We'll give them dividends every year when we make money. You can also consult with my adoptive father if you have any problems in the future." Since it was about making money, Lu Mingfei didn't forget to involve his adoptive father and mother's family. They didn't have many brothers in their own family, and his adoptive father's family didn't have many children either. In the future, the children of the two families would definitely support each other.
It would be better to get his adoptive father and mother to work together now and accumulate more family property for that kid Lu Mingcong in advance.
"Well, that's possible. Your mother and I will go to your adoptive father's place this afternoon and ask them." Lu Youtian liked to talk to Lu Qingfeng about everything he liked. The relationship between the two was much better than that between him and his brothers in the Lu family.
At least when he was dying, it was Lu Qingfeng and his wife who offered help to his family, while his own brothers took advantage of his misfortune and wished he would die so that they could extort money from others.
So in comparison, Lu Youtian couldn't get close to his brothers, but instead got along with Lu Qingfeng as well as a brother.
"Okay, if my godfather and his friends want to work together, our two families will sit down and discuss these things, and ask him what he thinks." Their two families had already cooperated, and there had never been any conflicts between them. Lu Mingfei believed in the character of his godfather and mother, and was also clear about the personalities of his family members.
Unless there is some conflict between their next generation, there will be no quarrel between the two families in their generation.
"Dad and Mom, as you mentioned about buying a house and renting a shop in the city, once we have more money saved up, at least in three to five years, we can buy a two-story house here and rent a couple of shops." Lu Mingfei thought that if their breeding farm and processing workshop could be opened smoothly, they should be able to make a few thousand taels of silver a year.
"I wish you good luck. I hope everything you say will come true." Lu Youtian laughed.
"It will definitely happen." Liu Sanniang had a blind confidence in her eldest son, because everything her eldest son did since he was a child had never failed.
Later, Lu Mingfei chatted with his father and mother for a while. Knowing that his father and mother had to go to the shop to work in the afternoon, they ended the conversation for the day.
***
Everyone cleaned up the table and went back to their rooms for lunch.
Lu Mingfei lay in the study for a while, and then he woke up when he heard the braying of his donkey. He opened the door and came out to see his father leading the donkey out to tie the rope, but the donkey was throwing a tantrum and refused to be tied.
"Dad, what is Daqing doing today?" he asked.
"It woke you up, didn't it? This bad-tempered beast must be unhappy that I woke it up." At this point, Lu Youtian couldn't help laughing and slapped the donkey.
This made the stubborn donkey turn around and spit at him.
"When we get there, wake up no matter how much you sleep. Don't make a fuss." Lu Youtian was reluctant to really hit the stubborn donkey. In the end, he coaxed the stubborn donkey into letting him harness the cart, and then led the donkey out.
Lu Mingfei stood aside, watching the stubborn donkey. Seeing his father and the donkey finally agree, he couldn't help but laugh. It really is true that all things have spirits... except for mosquitoes, and even cockroaches.
After his wife came out, Lu Youtian said to his eldest son who had escorted them out, "You stay home. Your mother and I are going out."
"Okay, Dad and Mom, please come back early." Lu Mingfei responded.
"Okay." Lu Youtian asked his wife to sit on the donkey, and he sat on it himself and whipped the donkey's butt with the whip in his hand.
The donkey started running, and the donkey cart followed.
After watching his father and mother leave, Lu Mingfei and Zhang Qi went back to the yard, closed the yard door and bolted it.
The other three kids at home were still asleep, so Lu Mingfei gave the task of waking them up to Zhang Qi. "Zhang Qi, go wake those kids up. I'll be waiting for you four in the study."
"Okay, I'll go right away." Zhang Qi responded, and after watching his elder brother enter the study, he went into the main room to call his younger brothers to get up. Author's gossip: Thanks to Bole 9492239 (9492239) for supporting me, mua! To know more exciting content, please leave me a message on Liancheng Reading
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