“The Republic of Korea is a society where the entire population is obsessed with financial investment.
Instead of excessive investment, with 100 million in dollar assets
“Let time make money roll in”

Economic Dialogue with President Lee Jae-myung
Appendix 1.
A Practical Guide to the Asset Market Transformation in the Lee Jae-myung Era
Appendix 2.
What Stocks Should You Buy Now? Private ETF Lecture

This book is not a trading technique book aimed at short-term profits.
It covers how to align your time and income with assets that can generate long-term compounding effects.
We cover a variety of asset classes, including stocks, real estate, pensions, and digital assets, but our core question is "How to create sustainable cash flow?"
- In the text

Break free from the "over-investment" mindset and invest in a strategy that puts time on your side.

South Korea is one of the world's most "over-investment-obsessed" societies.
It's common for people to wake up in the morning and check the U.S. stock market, watch stock and real estate-related YouTube videos on their way to work, and seek out investment lectures on the weekends.
We live in an era where even the owner of a local hotteok shop talks about Tesla stock and leveraged ETFs.
Author Chae Bu-sim (Chae Sang-wook) has observed this phenomenon more closely than anyone else while analyzing the real estate and stock markets for 20 years.

He asks:
"Is this excessive investment truly improving our lives?" Many find themselves emotionally swayed by daily asset price fluctuations, and the time and energy poured into investing studies is encroaching on their work and family lives.
This book presents 'time and welfare' as the answer.
The key is not to trade for short-term price differences, but to create a structure in which assets grow on their own over the long term.
While we cover a variety of asset classes, including stocks, ETFs, pensions, and digital assets, our core focus is on creating sustainable cash flow.
The author offers concrete ways to reduce the time spent investing and help your assets grow while maintaining a work-life balance.
This approach isn't just a simple investment guide; it's also a "mental safety net" that helps those suffering from financial burnout recover and find long-term financial stability.

To relieve the burnout that comes from a life overly focused on financial investment, to break free from the daily grind of money and completely resolve this issue, you must break free from the inertial financial habits you've been following.
Perhaps, what you, the readers, have been doing so far is not preparing well for old age, but rather, you may have lived a life so harshly in your 30s to 50s that you missed out on many aspects of life or overworked your body, which could make old age more difficult by getting sick later in life.

---From "Is investing a second career for Koreans?"

I want to point out that when people talk about investing, they focus only on building "assets" and don't pay much attention to cash flow.
However, if capital is needed to purchase products and services in capitalism, and if our lives are determined by which of those products and services we buy and sell, then rather than living a life where we buy assets but cannot buy anything else, we should pursue a balanced approach to both to live a fun and happy life.

---From "Why You Should Still Do This Kind of Investment"

What's missing from this discourse on the wealthy is 'time', and if we can properly establish the concept of time, we won't have to worry so much about preparing for old age or life after retirement.
Rather, I think that someone who saved 100 million won in their 30s is richer than someone who saved 1 billion won in their 60s.
This is partly because he actually has a lot of time on his hands, and who knows what the future might hold if he uses that same time more effectively.

---“People who are rich even with 300 million won, but not rich even with 3 billion won”

But now, it goes beyond this and invests in foreign currency assets (assets based on foreign currency including the dollar).
Therefore, it is time to have a distribution strategy between ‘dollar assets’ (sometimes referred to as ‘dollar assets’) and won assets.
Because the value of the won is melting away steeply every year.
While the 2024 benchmark may not apply to everyone, there has been a 12% currency devaluation in the past year alone.
The exchange rate has risen.
And when compared to the 2020s, it is seen that the exchange rate has been maintained in the 1,100 to 1,400 won range, so the fact that there is an exchange rate change of about 30% over four years means a huge decline in the value of the currency.

---From "Citizens of low-growth countries need to change their perspective on investment"

You can go abroad and work to earn foreign currency, but there is already a system in the market that allows you to enjoy foreign growth by simply sending money abroad.
Whether it's stocks, real estate, or virtual assets, all we have to do is send capital to foreign countries' growth instead of Korea's and enjoy it like picking and eating fruit.
This must be implemented unconditionally starting in 2025, when the nominal growth rate has declined.
As each year passes, the amount of money that can be sent abroad decreases or becomes more necessary.

---From "Why You Should Start Investing in Foreign Currency Assets for the Long Term Right Now"

Typically, during growth periods, people spend more money and companies earn more money, so asset values ​​rise quickly.
Investments at this time are investments that rely on the increase in asset value, and the general investment theory is to consider 'sales capital gains' as important.
On the other hand, during a period of low growth, asset prices do not rise significantly because the pace of money creation slows and people reduce their consumption.
So, in times like these, it becomes more important to invest in assets that provide a steady cash flow rather than buying assets and waiting for prices to rise.

---From "Asset Investment Methods in the Low-Growth Era"

However, from the perspective of Korean investors who need to invest in overseas indices, there are actually two types of overseas index ETFs.
The first is the overseas (US) index ETF, which is a form of directly purchasing ETFs by opening a direct stock account and using the overseas stock purchase function.
The second is an ETF listed on the Korean stock market that closely tracks U.S. index ETFs, tailored to the convenience of Koreans.
Let's call this a replication ETF.
So, which one should you buy: an overseas ETF or a replica ETF?
---From "Investing in stocks is sufficient with US index ETFs"

However, U.S. stocks have achieved a long-term average asset value increase of 10% over the past 50 years.
It's worth considering the power of investing in these American stocks.
If you retire with 10% of your assets invested in long-term averages, you can live comfortably in your old age, mowing the lawn, drinking beer, and watching baseball without worrying about living expenses.

---From "Investment, Risk, and Return"

However, the idea that studying business will help you do well in stocks is similar to the idea that studying economics will help you understand the market.
Investment is investment, economy is economy, and business is business.
So, leave behind all those who gaslight you by telling you that you need to meticulously study individual companies, industries, and technology trends to invest in individual stocks. They won't help you in life.

---From "Studying Stocks Does Not Increase Investment Returns"

Then, the question that might arise is, “If you don’t own a home in the top 20% of Seoul’s housing market, is it better to sell it and invest in other assets (stocks or dividend stocks)?”
My answer is, of course, “Yes.”
To put it extremely, it is because they think, 'If you have money, you have a lot of houses.'
---From "The Concept of Housing Costs and Housing Price Outlook"

Basically, if you're in your 40s, consider a DC-type retirement pension. A DC-type investment management system allows individuals to manage their investments and receive full benefits from their investments.
Of course, it is not wrong to challenge for a high salary in your 40s and to maximize DB-type profits through job changes, etc.
In institutions such as public institutions where annual salaries are determined by grade level, it is also appropriate to base it on DB.
However, DBs are not properly managed by companies in the first place, and in fact, they are left in deposits and left unattended, which does not even increase with the inflation rate and actually ends up losing the principal.
---From "Manage the Retirement Pension"

Ultimately, it may be advantageous for Korea to accumulate overseas won assets and later liquidate the won carry.
Of course, it would be best if the money stayed in Korea, but if the low birth rate leads to a peak, it would be better to send the money overseas and enjoy growth.
Of course, domestic assets should not be given a 0% weighting, and a balance must be maintained.

---From "Is Foreign Asset Investment an Act of Treason?"