Losing Money to Be a Tycoon

Chapter 307 Wealth Conversion System 2.0

This was the first time Pei Qian was earning so much from the system in over a year of owning it.

His highest record in the past was incurring a loss of over twenty thousand yuan. The most that he managed to convert was about forty thousand yuan, which was thanks to the profits he earned during the fourth cycle.

Yet, this time, Pei Qian had earned almost three times that amount!

All of a sudden, Pei Qian realized that there was a meaning to working hard! All his suffering had paid off!

As for what he would do during the next cycle…

Hehe, he would think about it when the time came!

Pei Qian even noticed that Ming Yun Villas had appreciated! It used to be worth six million yuan, but it was now worth eight million yuan.

Obviously, this was because Ming Yun Private Kitchen had raised the prices of the surrounding villas. That was why the villa which housed Ming Yun Private Kitchen itself appreciated.

The good thing was that the system only included 10% of the price of the Fixed Assets in its calculation of the System Funds. That was why the System Funds only increased by two hundred thousand yuan although the villa appreciated by two million yuan. Naturally, Pei Qian could handle this additional load.

No matter what, it had been worth it for Pei Qian to drink poison in order to quench his thirst!

Finally, he could heave a sigh of relief.

The system screen continued to flash in his vision. <This Week’s Special Task: Making profits and incurring losses are all part and parcel of business. The owner seems to be caught up with the profit he is making. This is not the attitude a talented businessman should have. The System advises the owner to achieve a loss before the next settlement date. (Complete]>

<Special Task Completion Reward: A mysterious surprise within the System’s regulations. [Redeemable]>

“It’s here! My special reward!

Pei Qian was quite excited. After all, he had worked extremely hard during this cycle. He organized Digital Day and spent as much money as he could—not only because he wanted to incur losses and get more Personal Wealth, but also because he wanted to obtain this special reward.

<Obtained System’s Reward: Adjustment of the System’s regulations—charity.> <An outstanding businessman should be passionate in serving the public, do charity from time to time, and give back to society.>

<Each outstanding businessman should have the right view of wealth: huge responsibilities come with owning so much wealth. This money does not belong to him but was merely entrusted to him to be managed on behalf of society.>

<The System’s restriction against organizing charitable events has been removed. From the next cycle onwards, the owner can engage in limited charitable events. During each cycle, charitable events can expend up to fifty percent of the starting sum in the System Funds.>

<This reward will be effective once the system has been upgraded.>

“Huh?”

Pei Qian became confused after reading all these messages.

Initially, he had thought that the special reward would be something simple like a ‘bad luck spray’, which could cause him to have bad luck with a single spurt. He imagined lying down in his bed during the next cycle while losing money rapidly and receiving good news from everywhere.

Yet, that was not the case.

The special reward that Pei Qian had been pining for was not a physical object. Instead, it was a simple adjustment made by the System to its own regulations.

At first, the System considered doing charity an ‘intentional loss’ of money. This was a strict violation.

However, this rule was now relaxed.

“Er… does that mean that I will get a fixed sum of money during each cycle to do charity? That’s great!”

Pei Qian knew full well that any additional avenue to spend money was precious! During the previous cycles, he often found himself with a few extra million yuan and nowhere to spend it. That was why he failed to incur losses those times.

However, the system was now allowing him to spend half of the starting sum in the System Funds on charity.

Simply put, if he started the next cycle off with ten million yuan, he could spend five million yuan on charity.

That was a huge sum!

Just like that, Pei Qian had gained another hole through which he could pour money. Five million yuan would be lifted off his shoulders during the next cycle.

However, the other regulations remained the same. Pei Qian still had to maintain his capital chain and incur as much loss as possible on this basis.

Also, the reward would not be effective immediately. Instead, Pei Qian had to wait until the system was upgraded.

The system screen appeared in Pei Qian’s vision once again.

<Next Settlement: 150 days later.>

<System Funds will be topped up. Target amount: 10,000,000>

<Topping up 4,060,000…>

<System Funds topping up completed.>

<System Funds: 10,000,000+840,000>

<Fixed Assets: A semi-commercial villa at Ming Yun Villas (8,460,000)>

<Personal Wealth: 1,830,000>

<The system will be upgraded before the next cycle starts. Owner, please seriously read the explanation of the upgrade.>

Indeed, this was a responsible system.

Pei Qian began to read the so-called “explanation of the upgrade’.

<The System can upgrade Tengda Corporation’s assets, the System Funds, the owner’s Personal Wealth, and so on to version 2.0.>

<The Matthew effect will adjust the original Profit Loss Conversion Ratios.>

<Profit Conversion Ratio was at 100:1. Loss Conversion Ratio was at 1:1>

<After adjustment, Profit Conversion Ratio is at 1000:1. Loss Conversion Ratio is at 10:1>

<In order to compensate the owner, Version 2.0 of the System would give the owner the following benefits:>

<1. Each time you convert more than two hundred thousand yuan in one cycle, you can obtain a mysterious reward within the System’s regulations.>

<2. Even if you have unannounced products a week before settlement, you can proceed to settlement. However, you can only have one unannounced product in each cycle. You also have to release it by the end of the next cycle.>

“Huh?”

Pei Qian felt light-headed. The first thing he saw was the heart-breaking conversion ratios!

What the h*ll is this?!

He read all the instructions once again.

Of course, Pei Qian knew what the Matthew effect was. Simply put, if an individual, a community, or a region achieved success or improvement in any area (such as money, reputation, status, etc.); there would be a cumulative advantage. The individual, community, or region would get more opportunities to achieve success and improvement.

In the field of economics, this reflected the saying ‘winner gets all’ and the phenomenon of income inequality. To put the Matthew effect even more simply, one could say ‘the rich get richer and the poor get poorer’.

The System thought that due to the Matthew effect, it would be much easier for Tengda Corporation’s assets, the System Funds, and the owner’s Personal Wealth to incur losses or make profits.

That was why the System adjusted the conversion ratios.

Pei Qian was speechless.

“F*ck! Stingy System!

“This is only the first time I’m earning so much out of you! I’ve only gotten a million yuan from you in total!

“Can’t you let me earn another million yuan? Stingy!”

However, Pei Qian knew very well that the adjustment was going to be made sooner or later. As his business expanded, the absolute amount of profits or loss would definitely increase as well. It was exponentially more difficult to earn a million yuan from fifty thousand yuan compared to from ten million yuan.

Of course, the System was not going to let Pei Qian have an easy time.

In fact, the System was considered quite loyal. After adjusting the wealth conversion ratios, it even provided Pei Qian with some benefits.

The reward that Pei Qian got this time allowed him to spend a sum of money on charity. This was incredibly useful.

What’s more, after the System was upgraded, these types of rewards would become commonplace. He could obtain one after each settlement.

At the same time, the System had loosened its requirements for settlement. Pei Qian could now stretch the research and development phase of a single product over two cycles.

This did not sound like much, but it was in fact very useful!

The current settlement cycle would last from four to five months. If having one unannounced product would not affect the settlement, Pei Qian could continue to burn money on that product in order to incur losses as long as he could release it before the end of the next cycle.

During the next cycle, he could then turn his attention to the next product.

One could say that it would be much easier to incur losses!

Pei Qian considered this for several minutes and came to a decision. “Upgrade.

“You introduced the regulations to me, but I don’t think you gave me the right to choose…”

Pei Qian was speechless. On the surface, it looked like he could choose whether to upgrade the System or not.

However, if he chose not to upgrade it, the System would not start the next cycle. That meant Pei Qian would not be able to use his ‘charitable events’ reward.

Pei Qian would also not get another chance to earn a large sum from the System.

Of course, Pei Qian could also invest the 1.8 million yuan in order to earn more money. However… Pei Qian had no intention to do so.

Within the previous cycle, which lasted four months, Pei Qian managed to earn over 1.4 million yuan from the System. It had not been easy for him to discover the right way to benefit from it. Could he seriously think about tossing the System aside and working hard to earn money now?

That would be torturing himself!

What’s more, as the saying went, rich second-generation heirs could spend freely on food, drinks, and merriment because they would not be able to squander away their family fortune by doing so. What would be more terrifying was the thought of investing their fortune and losing it all.

It had not been easy for Pei Qian to obtain this much money. If he really started a business and ended up failing, wouldn’t he be better off dead?

Thus, it would be more worth it to continue benefiting from the System!

After the upgrade was completed, Pei Qian looked at the system screen once more.

<Wealth Conversion System 2.0>

<Owner: Pei Qian>

<Profit Conversion Ratio 1000:1. Loss Conversion Ratio 10:1>

<Next Settlement: 150 days later>

<System Funds: 10,000,000+840,000> <Fixed Assets: A semi-commercial villa at Ming Yun Villas (8,460,000)>

<Personal Wealth: 1,830,000>

<If you manage to convert more than two hundred thousand yuan at the end of this cycle, you will obtain a mysterious reward within the System’s regulations.>

<You can proceed to settlement even if you have unannounced products a week before settlement. However, you can only have one unannounced product at most, and you must release it by the end of the next cycle.>

Pei Qian leaned back in his chair, heaving a long sigh.

This cycle is finally over!

Although he had been through many ups and downs, he had managed to incur losses in the end.

Converting wealth from losses one time was far better than doing the same from profits ten times.

After the upgrade, the Loss Conversion Ratio was less favorable. However, the System Funds would continue to increase. If the starting sum increased to twenty or thirty million yuan, he would only have to lose ten million yuan in order to earn one million yuan for his Personal Wealth.

What’s more, the System was allowing him to have one unannounced product at the end of each cycle. In addition to the five million yuan he could spend on charity, it would be much easier for Pei Qian to incur losses from now on!

Yes, there’s no problem. The future remains bright!