
Money Scenario
Description
Book Introduction
“When experts talk about interest rates, exchange rates, and corporate value “Investors write their own scenarios!” How to Design Eternal Wealth Regardless of Investment Type, Size, or Timing Kim Jong-bong and Jegal Hyeon-yeol, authors of the 2019 bestseller in economics and management, “This is My First Time Studying Money,” have met again. Having emphasized the need for studying money in their previous work and sparked a craze for studying money among the younger generation in their 20s and 30s, they now suggest the next step to those who have belatedly jumped into various financial investments, including stocks. It's what keeps the money I have steady. Don't be impatient or anxious, and don't be driven by money anymore. In short, it means having your own 'money scenario'. According to the author, a money scenario refers to your own money-making plan based on changing circumstances and situations. And an investor is someone who develops and modifies his or her own scenario and grows. The author wrote this book with the earnest hope that all those who are referred to as "jurin-ee" or "Donghak ants" will become investors with their own money scenarios. My hope is that you will become someone who designs eternal wealth, rather than someone who is lucky enough to join a brief bull market and make a quick buck. To this end, this book introduces the mindset an investor should have, the essential knowledge they must study to write a money scenario, and how to write their own money scenario. Additionally, the author, who made 4 billion won with a seed capital of 20 million won, reveals his own investment know-how through a money scenario completed based on his own experience over 15 years. Through this book, readers will be able to create their own money scenarios tailored to their circumstances, tendencies, age, and financial resources, thereby taking them one step closer to eternal money. |
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Preview
index
Prologue: There's a separate way to become rich.
Chapter 1: Investors are people who buy time.
: Preparing to make eternal money
Successful investors have their own triggers.
The Power of Creating Eternal Money, Scenario
Investors own time beyond money.
[My Will to My Children] There is no such thing as a noble or humble profession, but there is a such thing as a noble or humble time.
Chapter 2: The name that will make you money forever, Jisoo
:The one and only universal key to creating a scenario
Why did I choose index among so many materials?
Reason 1 - Indices are a mirror of the economy.
Reason 2 - The index doesn't discriminate.
Reason 3 - The index is accurate and honest.
The most certain milestone showing the future of money
[A Will for My Child] Start a Business Before Getting a Job
Reading the 3-Chapter Index Shows the Flow of Money
:The diverse world of money guided by Jisoo
Humans trade desires, not things.
The Real Secret of the 3 Percent Who Overcame Human Nature
Why We Need to Consider Population Structure Changes Together
[A Will for My Children] Ten Books to Deepen Your Investing Knowledge
Chapter 4: Add Planning to Your Money
: A scenario of money I've never used before
The Blueprint for Eternal Wealth: The Money Scenario
A screenwriter is always himself
Set specific goals and write them down on paper.
I will accurately understand myself
Four criteria for evaluating scenarios
[A will to my child] May he not be hurt by the one with the snake's tongue.
Chapter 5: This scenario is bound to make your heart race.
: JB's Scenario Revealed
I hope it makes your time worthwhile.
Where to buy and sell
I Make Money in a Crisis: The Half-and-Half Scenario
Your response to the half-and-half scenario
I Make Money Even When There's No Crisis: The Cost Averaging Scenario
Now it's your turn to ask me a question
[My Will to My Children] Ultimately, I must set all standards for myself.
Until the final request scenario becomes entirely yours.
Epilogue: What You Can't Teach, But Can Learn
Chapter 1: Investors are people who buy time.
: Preparing to make eternal money
Successful investors have their own triggers.
The Power of Creating Eternal Money, Scenario
Investors own time beyond money.
[My Will to My Children] There is no such thing as a noble or humble profession, but there is a such thing as a noble or humble time.
Chapter 2: The name that will make you money forever, Jisoo
:The one and only universal key to creating a scenario
Why did I choose index among so many materials?
Reason 1 - Indices are a mirror of the economy.
Reason 2 - The index doesn't discriminate.
Reason 3 - The index is accurate and honest.
The most certain milestone showing the future of money
[A Will for My Child] Start a Business Before Getting a Job
Reading the 3-Chapter Index Shows the Flow of Money
:The diverse world of money guided by Jisoo
Humans trade desires, not things.
The Real Secret of the 3 Percent Who Overcame Human Nature
Why We Need to Consider Population Structure Changes Together
[A Will for My Children] Ten Books to Deepen Your Investing Knowledge
Chapter 4: Add Planning to Your Money
: A scenario of money I've never used before
The Blueprint for Eternal Wealth: The Money Scenario
A screenwriter is always himself
Set specific goals and write them down on paper.
I will accurately understand myself
Four criteria for evaluating scenarios
[A will to my child] May he not be hurt by the one with the snake's tongue.
Chapter 5: This scenario is bound to make your heart race.
: JB's Scenario Revealed
I hope it makes your time worthwhile.
Where to buy and sell
I Make Money in a Crisis: The Half-and-Half Scenario
Your response to the half-and-half scenario
I Make Money Even When There's No Crisis: The Cost Averaging Scenario
Now it's your turn to ask me a question
[My Will to My Children] Ultimately, I must set all standards for myself.
Until the final request scenario becomes entirely yours.
Epilogue: What You Can't Teach, But Can Learn
Detailed image
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Into the book
When people ask me if they should invest while feeling anxious, I always answer like this:
“I think everyone should be an investor.
Someday you too will have to become an investor.
But not now.
You are not prepared to become an investor.
Investing should only begin with confidence in yourself.
“The timing of investment is not determined by the world or KOSPI figures, but by how much confidence you have.”
--- pp.24~25, Chapter 1 'Investors are those who buy time'
Fairness is essential for any metric that everyone can use as a standard.
The same information must be delivered to everyone at the same time.
In that sense, KOSPI is very fair.
Anyone with internet access can check it for free in less than 5 seconds.
It's not a structure where having more money or being smart gives you more information.
If someone could check KOSPI faster than me or if it was information that required a lot of money to buy, I wouldn't have studied it based on this.
If possible, you should fight on a level playing field.
If you jump into a disadvantageous market without training, failure is inevitable.
--- pp. 59-60, Chapter 2, 'The Name That Will Create Eternal Money, Index'
All those who make money are those who have the courage to buy when they have the desire to buy, and all those who have the virtue to sell are those who have the courage to buy when they have the fear to sell.
Desire and fear are human nature, and those who can go against this nature can make money.
And such people only make up 3 percent of the total population.
Since the beginning of human history, the rich have always been the top 3 percent.
Even in the world of investing, it has always been the top 3 percent who make money.
Ultimately, while 97 percent of people lose money by following their nature, 3 percent of people make money by going against their nature.
--- p.91, Chapter 3, 'Reading the Index Shows the Flow of Money'
When I give financial advice, I always give them one piece of homework.
Just fill out the financial questionnaire yourself.
By filling out the questionnaire, I can accurately determine my position, and only then can I give you the best advice.
Anything you start without knowing yourself well is incredibly unsettling.
If it were simple self-development, it would be a waste of time and money, but that is not the case at all with investment and money.
Any investment method that you accept without knowing your own situation will eventually lead you to the worst.
--- p.131, Chapter 4, 'Add Planning to Your Money'
Every successful investor's story involves countless hours spent on things that didn't make money.
No one becomes successful without those times when they feel like they are wasting time.
It is often said that you have to kick the can three times to become a stock expert.
To kick a can three times means to blow all the money in your account.
This doesn't necessarily mean that you have to fail at stock investing to become a master.
But even the most seasoned stock investor goes through a period of no return until he finds his own way.
This time is absolutely necessary to become rich.
So, the rich people's money is all drawing a step graph.
“I think everyone should be an investor.
Someday you too will have to become an investor.
But not now.
You are not prepared to become an investor.
Investing should only begin with confidence in yourself.
“The timing of investment is not determined by the world or KOSPI figures, but by how much confidence you have.”
--- pp.24~25, Chapter 1 'Investors are those who buy time'
Fairness is essential for any metric that everyone can use as a standard.
The same information must be delivered to everyone at the same time.
In that sense, KOSPI is very fair.
Anyone with internet access can check it for free in less than 5 seconds.
It's not a structure where having more money or being smart gives you more information.
If someone could check KOSPI faster than me or if it was information that required a lot of money to buy, I wouldn't have studied it based on this.
If possible, you should fight on a level playing field.
If you jump into a disadvantageous market without training, failure is inevitable.
--- pp. 59-60, Chapter 2, 'The Name That Will Create Eternal Money, Index'
All those who make money are those who have the courage to buy when they have the desire to buy, and all those who have the virtue to sell are those who have the courage to buy when they have the fear to sell.
Desire and fear are human nature, and those who can go against this nature can make money.
And such people only make up 3 percent of the total population.
Since the beginning of human history, the rich have always been the top 3 percent.
Even in the world of investing, it has always been the top 3 percent who make money.
Ultimately, while 97 percent of people lose money by following their nature, 3 percent of people make money by going against their nature.
--- p.91, Chapter 3, 'Reading the Index Shows the Flow of Money'
When I give financial advice, I always give them one piece of homework.
Just fill out the financial questionnaire yourself.
By filling out the questionnaire, I can accurately determine my position, and only then can I give you the best advice.
Anything you start without knowing yourself well is incredibly unsettling.
If it were simple self-development, it would be a waste of time and money, but that is not the case at all with investment and money.
Any investment method that you accept without knowing your own situation will eventually lead you to the worst.
--- p.131, Chapter 4, 'Add Planning to Your Money'
Every successful investor's story involves countless hours spent on things that didn't make money.
No one becomes successful without those times when they feel like they are wasting time.
It is often said that you have to kick the can three times to become a stock expert.
To kick a can three times means to blow all the money in your account.
This doesn't necessarily mean that you have to fail at stock investing to become a master.
But even the most seasoned stock investor goes through a period of no return until he finds his own way.
This time is absolutely necessary to become rich.
So, the rich people's money is all drawing a step graph.
--- p.275, Final Request, 'Until the Scenario Becomes Yours'
Publisher's Review
Money without a plan
It's like a lost child
With real estate prices skyrocketing for several years and the recent stock market boom, everyone is eager to invest.
In any gathering, money is often talked about.
It feels like everyone in the world is making money, and when I look at social media or YouTube, I feel like I'm the only one left behind.
So I hurriedly started studying and started investing, but I was still anxious about losing money.
How on earth can I invest to consistently make money without getting anxious?
To help people overcome these concerns, the two authors of "This is My First Time Studying Money" met again.
After reading the author's previous work, which emphasized the need for studying money, people from various fields, including office workers, self-employed people, students, and housewives, have requested financial advice from the author.
After consulting with thousands of people financially, the author realized that what they needed was a "money scenario."
Having a money scenario gives you a clear plan for your money, allowing you to respond flexibly to changes in the world.
Instead of worrying about predicting the future or being swayed by all sorts of external shocks, you can continue to invest reliably in any situation.
In short, you will no longer be driven by money.
In this article, “Money Scenario” introduces how to create your own money scenario according to your own situation.
By putting the book's contents into practice, readers will be able to create their own scenarios for consistently making money, regardless of whether stocks rise or fall, whether the worst crisis strikes or not, or whether the US-China trade war erupts.
To write a scenario for money
There is a separate study required
There are things you absolutely must study to write a money scenario.
It is 'index'.
An index, the final outcome of a country's economy, is a leading indicator of the actual economic situation, yet it is easily accessible, making it fair to everyone and allowing for the interpretation of specific numbers, making it the best material for scenarios.
Moreover, studying indices allows us to read the history of investing, understand how cycles repeat themselves, and gauge where we are in the cycle.
In times of prosperity, we can prepare for recessions, and in times of crisis, we can see opportunities.
The secret of CEO Kim Jong-bong, author of "Money Scenario" and a full-time investor with 15 years of experience, who made over 4 billion won with a seed capital of 20 million won, lies right here.
While experts were looking into all sorts of difficult and complex things like interest rates, exchange rates, and corporate values, he studied only one index and wrote his own money scenario based on the movements of that index.
This book explains in an easy-to-understand way how to use indices to understand the flow of money, just as the author himself was able to acquire wealth, and how to establish specific criteria for writing money scenarios based on these.
By understanding the essence of "index" through this book and continuing to study and think more deeply, you will be able to develop your own insights not only in stocks but also in various fields such as real estate and entrepreneurship.
For 100 rich people
There are 100 scenarios.
This book unhesitatingly reveals the author's own money scenario, which he has poured a lot of time and effort into perfecting.
There are two scenarios: the 'half-life scenario', which allows you to make a lot of money especially during a crisis, and the 'cost averaging scenario', which allows you to make money even when there is no crisis.
While following this method exactly can yield a certain level of profit, the author emphasizes that you need to create your own money scenario to achieve lasting wealth.
Because there is an optimal scenario for each person depending on their environment, personality, age, and how much money they have.
When writing and evaluating a money scenario, the important criteria to consider are objectivity, logic, profitability, and sustainability.
All prices and rates of return used in the scenario must be expressed in precise numbers, such as "20,000 won," "10,000 won," or "30 percent rate of return," rather than "expensive," "cheap," or "earned a lot" (objectivity). They must be so convincing that not only I but everyone else can nod their heads in agreement (logicality).
And no matter how objective and logical a scenario is, if it cannot make money (profitability) or only makes money temporarily (sustainability), it cannot be considered a good scenario.
Therefore, by constantly verifying your scenarios against these four criteria, you can continuously improve their completeness.
If you follow the guidance in this book, you too will surely become a great screenwriter, at least when it comes to money.
It's like a lost child
With real estate prices skyrocketing for several years and the recent stock market boom, everyone is eager to invest.
In any gathering, money is often talked about.
It feels like everyone in the world is making money, and when I look at social media or YouTube, I feel like I'm the only one left behind.
So I hurriedly started studying and started investing, but I was still anxious about losing money.
How on earth can I invest to consistently make money without getting anxious?
To help people overcome these concerns, the two authors of "This is My First Time Studying Money" met again.
After reading the author's previous work, which emphasized the need for studying money, people from various fields, including office workers, self-employed people, students, and housewives, have requested financial advice from the author.
After consulting with thousands of people financially, the author realized that what they needed was a "money scenario."
Having a money scenario gives you a clear plan for your money, allowing you to respond flexibly to changes in the world.
Instead of worrying about predicting the future or being swayed by all sorts of external shocks, you can continue to invest reliably in any situation.
In short, you will no longer be driven by money.
In this article, “Money Scenario” introduces how to create your own money scenario according to your own situation.
By putting the book's contents into practice, readers will be able to create their own scenarios for consistently making money, regardless of whether stocks rise or fall, whether the worst crisis strikes or not, or whether the US-China trade war erupts.
To write a scenario for money
There is a separate study required
There are things you absolutely must study to write a money scenario.
It is 'index'.
An index, the final outcome of a country's economy, is a leading indicator of the actual economic situation, yet it is easily accessible, making it fair to everyone and allowing for the interpretation of specific numbers, making it the best material for scenarios.
Moreover, studying indices allows us to read the history of investing, understand how cycles repeat themselves, and gauge where we are in the cycle.
In times of prosperity, we can prepare for recessions, and in times of crisis, we can see opportunities.
The secret of CEO Kim Jong-bong, author of "Money Scenario" and a full-time investor with 15 years of experience, who made over 4 billion won with a seed capital of 20 million won, lies right here.
While experts were looking into all sorts of difficult and complex things like interest rates, exchange rates, and corporate values, he studied only one index and wrote his own money scenario based on the movements of that index.
This book explains in an easy-to-understand way how to use indices to understand the flow of money, just as the author himself was able to acquire wealth, and how to establish specific criteria for writing money scenarios based on these.
By understanding the essence of "index" through this book and continuing to study and think more deeply, you will be able to develop your own insights not only in stocks but also in various fields such as real estate and entrepreneurship.
For 100 rich people
There are 100 scenarios.
This book unhesitatingly reveals the author's own money scenario, which he has poured a lot of time and effort into perfecting.
There are two scenarios: the 'half-life scenario', which allows you to make a lot of money especially during a crisis, and the 'cost averaging scenario', which allows you to make money even when there is no crisis.
While following this method exactly can yield a certain level of profit, the author emphasizes that you need to create your own money scenario to achieve lasting wealth.
Because there is an optimal scenario for each person depending on their environment, personality, age, and how much money they have.
When writing and evaluating a money scenario, the important criteria to consider are objectivity, logic, profitability, and sustainability.
All prices and rates of return used in the scenario must be expressed in precise numbers, such as "20,000 won," "10,000 won," or "30 percent rate of return," rather than "expensive," "cheap," or "earned a lot" (objectivity). They must be so convincing that not only I but everyone else can nod their heads in agreement (logicality).
And no matter how objective and logical a scenario is, if it cannot make money (profitability) or only makes money temporarily (sustainability), it cannot be considered a good scenario.
Therefore, by constantly verifying your scenarios against these four criteria, you can continuously improve their completeness.
If you follow the guidance in this book, you too will surely become a great screenwriter, at least when it comes to money.
GOODS SPECIFICS
- Publication date: January 13, 2021
- Format: Hardcover book binding method guide
- Page count, weight, size: 300 pages | 516g | 145*195*20mm
- ISBN13: 9791130634432
- ISBN10: 1130634434
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