
The 400th edition of The Nature of Money Recover
Description
Book Introduction
- A word from MD
-
Will this book make me rich?『Things We Know But Do Not Know』, the latest book by Chairman Seungho Kim.
The book was published as a complete series that was viewed by 16 million people on YouTube.
There is no complicated or difficult content.
He simply clearly explained everything he does best and knows best: making money.
Money is like a person, and it boldly changes the way I thought about money.
June 9, 2020. Park Jeong-yoon, Economics and Management PD
Longest-running bestseller for five consecutive years (2020, 2021, 2022, 2023, 2024)
"The Nature of Money," a must-read economics and management book chosen by 1.2 million awake readers.
▶ Revised and expanded edition of 『The Nature of Money』 published to commemorate the 400th printing!
▶ Published in 5 countries: China, Japan, Taiwan, Thailand, and Vietnam!
This book is a revised and expanded edition commemorating the 400th printing of 『The Nature of Money』, which has established itself as a must-read economics and management book since its first publication.
"The Nature of Money" was written based on a lecture I gave to the public three years ago at a rented theater.
The lecture was broadcast and shared and disseminated through YouTube and celebrities.
And soon it reached 11 million people.
However, in the process of being produced and reproduced by many people, there were instances where some meanings were not accurately conveyed or were distorted.
Although he has written several books, he still finds writing books the most difficult, and in this situation, he decided to pick up his pen once again.
It was because of the love for people that was embedded within him.
The real money-making method that is really necessary and important to everyone but that no one talks about, and since no one who has made real money shares their methods, the author accepted that this task was given to him.
Because it reflects your younger self.
It teaches you how to make money with seed money you literally created with your bare hands, without any windfall or so-called jackpot stocks.
It contains all the methods of real wealth achieved by a poor immigrant father who, until his late 30s, drove around in an old car carrying fruit to sell that day, let alone an inheritance from his parents.
This is a guide that organizes the properties of 'money' learned while creating seed money of 10 million won and managing it until it becomes 100 million won, 1 billion won, 10 billion won, and tens of billions of won.
This is a book about making 'real money' as told by real people who became 'real rich'.
The greatest strength of this book is that anyone can find the advice they need through the properties of money and 75 teachings about money: an office worker currently earning 2 million won, someone living in the red, a young person without a job, someone with spare money and looking for an investment, or even a wealthy person, investor, businessperson, or parent who says, "I can't pass on poverty to my children anymore."
"The Nature of Money," a must-read economics and management book chosen by 1.2 million awake readers.
▶ Revised and expanded edition of 『The Nature of Money』 published to commemorate the 400th printing!
▶ Published in 5 countries: China, Japan, Taiwan, Thailand, and Vietnam!
This book is a revised and expanded edition commemorating the 400th printing of 『The Nature of Money』, which has established itself as a must-read economics and management book since its first publication.
"The Nature of Money" was written based on a lecture I gave to the public three years ago at a rented theater.
The lecture was broadcast and shared and disseminated through YouTube and celebrities.
And soon it reached 11 million people.
However, in the process of being produced and reproduced by many people, there were instances where some meanings were not accurately conveyed or were distorted.
Although he has written several books, he still finds writing books the most difficult, and in this situation, he decided to pick up his pen once again.
It was because of the love for people that was embedded within him.
The real money-making method that is really necessary and important to everyone but that no one talks about, and since no one who has made real money shares their methods, the author accepted that this task was given to him.
Because it reflects your younger self.
It teaches you how to make money with seed money you literally created with your bare hands, without any windfall or so-called jackpot stocks.
It contains all the methods of real wealth achieved by a poor immigrant father who, until his late 30s, drove around in an old car carrying fruit to sell that day, let alone an inheritance from his parents.
This is a guide that organizes the properties of 'money' learned while creating seed money of 10 million won and managing it until it becomes 100 million won, 1 billion won, 10 billion won, and tens of billions of won.
This is a book about making 'real money' as told by real people who became 'real rich'.
The greatest strength of this book is that anyone can find the advice they need through the properties of money and 75 teachings about money: an office worker currently earning 2 million won, someone living in the red, a young person without a job, someone with spare money and looking for an investment, or even a wealthy person, investor, businessperson, or parent who says, "I can't pass on poverty to my children anymore."
- You can preview some of the book's contents.
Preview
index
In commemoration of the 200th printing, revised and expanded edition
prolog
Money is a person
I invest in managers who are better than me.
The Secret of Compound Interest
The power of money coming in regularly
Money has the power of gravity
When the risk is greatest is when the risk is smallest.
How you treat other people's money is how you treat your own.
If you inherited 10 billion won and there was a will saying you should never lose it,
If you want to get rich quick, don't try to get rich quick.
Can economic experts really predict the economy?
A person who goes to Samsung Securities to buy Samsung Electronics stocks
The luck that comes to me changes depending on the title I use to call others.
Repeated luck is skill, repeated failure is habit.
How to Separate Facts from Investment Information in the News
Time flows differently for each type of money.
If you don't put all your eggs in one basket, why do they all break?
Three Ways to Get Rich
Why I Can't Save Money
How to Know if You're Financially Illiterate
Three Characteristics of People Who Make Money in Stocks
How much do you have to earn to be truly rich?
What I do every day to protect my wealth
Poverty is much crueler than you think.
Three types of people in a financial panic
If I were to go back to being a young man and become rich again
Wisdom begins with basic knowledge.
One thing you can do right now to become rich
Do you think stocks will rise in the future?
The Hidden Value of Current Rent Payers
Should I invest in real estate or stocks?
When is my Independence Day?
Four Skills for Handling Money
I don't invest in places like this.
Insurance is not savings
pretty trash
Interpretations of the economy should be free from one's political beliefs.
Five Rules for Raising 100 Million Won in Startup Money and Seed Money
Good debt, bad debt
Always be skeptical of worldly authority.
Seven Secrets to Bringing Good Money to You
Two Ways Office Workers Get Rich
Is it the manager (asset allocation) that matters or the players (position)?
You're haggling at the bank?
A person who can catch a falling knife
Are accountants who are well-versed in financial statements really good at investing?
Kim Seung-ho's investment principles and standards
How to Make Your Child Rich
If I still had Samsung Electronics stocks
International-level behavioral etiquette and the globalization process
What is your exit strategy?
All businesses eventually encounter real estate and finance.
Smart people tend to fall for conspiracies.
How to avoid being scammed
Eleven Questions to Ask Yourself to Determine if You're a Winning Investor
Duryang Joknan Bokpalbun
Attributes of wealth
How a dirt spoon can beat a gold spoon
What is your business's price-to-earnings ratio (PER)?
The great rich are given by heaven
Young people who dream of starting a business should go to a small company.
Longevity and skill
There's still so much work to be done.
Entrepreneurship is the only profession that allows you to give yourself freedom.
Each kind of money has a different quality.
How to behave towards your parents and siblings when you become the richest person in your family
The right to fail
Will books make you rich?
Why isn't God fair?
Mr. Song, who always invests, and his wife, who is always angry
What do you think about partnerships?
If you don't know the way, take the main road.
Quarter rule
You can't get rich through prayer.
When accumulating wealth, be a farmer; when investing, be a fisherman.
Four Habits for Saving Money
200th printing commemorative expanded edition
1.
If you don't have the ability to beat the market
2.
Vote to protect your wealth
3.
South Korea, a developed country
4.
What if we take away your stock investment opportunities?
5.
To show someone the way is
6.
I have the opportunity to change my destiny any day today.
7.
30 Questions to Know if You're Ready to Get Rich
8.
To young people who dream of social enterprises
9.
The Unchanging Truth in Investing
10.
The Inconvenient Truth About Money
11.
Never be poor again
Epilogue
Detailed image

Into the book
Money is a more sophisticated and concrete entity than a corporation.
Some money likes to hang out with people and hang out in groups, while others spend their entire lives hiding.
They have their own places to go and they gather and disperse according to trends.
They like to stick to those who value them, and they even take revenge by ruining those who treat them rudely.
Big money flocks to people who spend small amounts of money recklessly, and children (interest) are born to people who treat them appropriately.
--- p.14
Irregular income creates the illusion that it is more valuable than it actually is because it comes all at once.
So, thinking that they have earned a lot of money, they end up spending it extravagantly and recklessly, and end up not being able to save any more.
It is common to think that people save money because they don't know when the next money will come in, but in reality, not many people make those adjustments.
--- p.25
If you look at the process of increasing wealth, it does not increase as a positive integer (natural number) like 1, 2, 3, 4, 5, but rather as a multiple like 1, 2, 4, 8, 16.
Anyone can become rich if they understand this principle.
--- p.29
It is commonly understood that when the risk is high, the loss or profit is also high, and when the risk is low, the loss or profit is also low. This is similar to understanding the most basic mathematical formulas, such as addition or multiplication.
Just as in mathematics, there are answers that actually get smaller when multiplied, risk also has many complex cases.
As risk increases, uncertainty about profits also increases and the possibility of loss also increases.
Although we often think of highly volatile markets as being riskier, volatility rarely affects expected returns.
In fact, few people realize that the very act of making something known as risky actually reduces the risk.
--- p.32
The biggest mistake people make when trying to get rich is wanting to get rich quickly.
If you are greedy about getting rich quickly, you will not be able to make good decisions.
They are easily deceived by promises of high profits, and are so impatient that they invest based on emotions without considering the risks.
Almost all endings end in failure.
Even if you are lucky enough to achieve great success, you will only end up creating assets and relationships that have all the conditions for failure.
This is because they cannot give up the habit of making excessive investments or using a lot of leverage, and they only have weak assets.
--- p.41
Traditional investments include deposits, savings, real estate, stocks, bonds, and cash.
Among these, it is dangerous to think that you are following the adage, “don’t put all your eggs in one basket,” by buying various products in one market.
--- p.65
There are only three ways to become rich.
Receiving an inheritance, winning the lottery, or succeeding in business.
If your parents aren't rich, the easiest of these is to succeed in business.
The odds of winning the lottery are much lower than the odds of success in business.
Even if you win, the nature of money is so bad that the chances of you staying rich for a long time are slim.
--- p.67
People say that this is a once-in-a-century opportunity in the stock market, so I gather up all the money I have and send it to the market in a hurry.
Just a month ago, I had no idea I was investing a huge amount of money in stocks.
Still, there is no plan and no study.
These people are happy when the price goes up even a little, saying they have earned a year's worth of bank interest. When the price of the stock goes up even more, they wait and reluctantly follow, but when the price goes down even a little, they get scared and take a loss and leave.
--- p.83
Samsung Electronics approached the 60,000 won range around January 2020.
Compared to the adjusted stock price of 56 won on June 12, 1975, immediately after Samsung Electronics was listed, it has increased by 1,063 times.
According to an article cited by [Edaily] in Market Point, if Samsung Electronics had been purchased with the 24 million won that was used to pay the sale price of Eunma Apartment at the time, it would have grown to 19.2973 billion won now.
This does not include reinvestment of dividends, so it would be well over 20 billion won.
The current market price of Eunma Apartment is over 2 billion won, so the difference is more than 1000%.
If you calculate it, it's a shame.
But there is no need to feel wronged.
In 1975, there was probably not a single person who held Samsung Electronics stock and had not yet sold it, except for Chairman Lee Kun-hee and his family.
Because it is rare for someone to wait with the master's heart.
Some money likes to hang out with people and hang out in groups, while others spend their entire lives hiding.
They have their own places to go and they gather and disperse according to trends.
They like to stick to those who value them, and they even take revenge by ruining those who treat them rudely.
Big money flocks to people who spend small amounts of money recklessly, and children (interest) are born to people who treat them appropriately.
--- p.14
Irregular income creates the illusion that it is more valuable than it actually is because it comes all at once.
So, thinking that they have earned a lot of money, they end up spending it extravagantly and recklessly, and end up not being able to save any more.
It is common to think that people save money because they don't know when the next money will come in, but in reality, not many people make those adjustments.
--- p.25
If you look at the process of increasing wealth, it does not increase as a positive integer (natural number) like 1, 2, 3, 4, 5, but rather as a multiple like 1, 2, 4, 8, 16.
Anyone can become rich if they understand this principle.
--- p.29
It is commonly understood that when the risk is high, the loss or profit is also high, and when the risk is low, the loss or profit is also low. This is similar to understanding the most basic mathematical formulas, such as addition or multiplication.
Just as in mathematics, there are answers that actually get smaller when multiplied, risk also has many complex cases.
As risk increases, uncertainty about profits also increases and the possibility of loss also increases.
Although we often think of highly volatile markets as being riskier, volatility rarely affects expected returns.
In fact, few people realize that the very act of making something known as risky actually reduces the risk.
--- p.32
The biggest mistake people make when trying to get rich is wanting to get rich quickly.
If you are greedy about getting rich quickly, you will not be able to make good decisions.
They are easily deceived by promises of high profits, and are so impatient that they invest based on emotions without considering the risks.
Almost all endings end in failure.
Even if you are lucky enough to achieve great success, you will only end up creating assets and relationships that have all the conditions for failure.
This is because they cannot give up the habit of making excessive investments or using a lot of leverage, and they only have weak assets.
--- p.41
Traditional investments include deposits, savings, real estate, stocks, bonds, and cash.
Among these, it is dangerous to think that you are following the adage, “don’t put all your eggs in one basket,” by buying various products in one market.
--- p.65
There are only three ways to become rich.
Receiving an inheritance, winning the lottery, or succeeding in business.
If your parents aren't rich, the easiest of these is to succeed in business.
The odds of winning the lottery are much lower than the odds of success in business.
Even if you win, the nature of money is so bad that the chances of you staying rich for a long time are slim.
--- p.67
People say that this is a once-in-a-century opportunity in the stock market, so I gather up all the money I have and send it to the market in a hurry.
Just a month ago, I had no idea I was investing a huge amount of money in stocks.
Still, there is no plan and no study.
These people are happy when the price goes up even a little, saying they have earned a year's worth of bank interest. When the price of the stock goes up even more, they wait and reluctantly follow, but when the price goes down even a little, they get scared and take a loss and leave.
--- p.83
Samsung Electronics approached the 60,000 won range around January 2020.
Compared to the adjusted stock price of 56 won on June 12, 1975, immediately after Samsung Electronics was listed, it has increased by 1,063 times.
According to an article cited by [Edaily] in Market Point, if Samsung Electronics had been purchased with the 24 million won that was used to pay the sale price of Eunma Apartment at the time, it would have grown to 19.2973 billion won now.
This does not include reinvestment of dividends, so it would be well over 20 billion won.
The current market price of Eunma Apartment is over 2 billion won, so the difference is more than 1000%.
If you calculate it, it's a shame.
But there is no need to feel wronged.
In 1975, there was probably not a single person who held Samsung Electronics stock and had not yet sold it, except for Chairman Lee Kun-hee and his family.
Because it is rare for someone to wait with the master's heart.
--- p.189
Publisher's Review
He is a person who is willing to share what is truly needed.
In recent years, tens of thousands of people have become fans of Chairman Kim Seung-ho.
It was truly thrilling to meet the head of a global conglomerate, a billionaire with assets worth hundreds of billions of dollars, who travels between the United States, Korea, and other countries around the world, and is about to be listed on the NASDAQ.
For everyone, that incident(?) was a memory that would remain in their memory for a long time.
Some were trembling, some were amazed, and some considered him a mentor and teacher.
However, any celebrity who has made a splash in their time will eventually lose popularity and be forgotten by the public.
No matter how wealthy a man is, what does his wealth have to do with me?
But sincerity and truthfulness are what capture the hearts of the world and the people who fill it.
Chairman Kim Seung-ho allocated and arranged his time, staying in Korea solely at his own expense, and met many people, including businessmen and CEOs, as well as children, young people, and housewives, who all wanted to live better lives.
Since 2016, I have been living in Korea for a long time, teaching young entrepreneurs from various fields at the Chung-Ang University Lifelong Education Center and staying with them as a mentor who shares their concerns.
He was my brother, my older brother, my teacher, and my mentor.
He loved to embrace people as family members and became an uncle to dozens of people.
His inner self is revealed in the various titles used to call him.
Some people blindly believe in him and like him.
But until he was nearly 40, he was a poor immigrant father who would put one blackened arm on the door of an old truck and load up the fruits and vegetables he sold that day.
He was a man who had spent days without being able to see ahead of him, even though he and his wife, along with his elderly parents and younger siblings, had worked for a whole week.
He has engraved in his bones what poverty is and how money is so cruel and sad it makes people.
That is why my father was a man who never missed the opportunity that came his way and who absolutely had to break the cycle of poverty in his generation.
This determination and his experience of poverty made him a 'manager' of money.
He became the richest man in the world, something that no one else could achieve.
He devoted all his energy to creating seed money, understanding the properties and characteristics of money, and becoming a true money manager who multiplied it by tens of thousands of times.
He is a person who intends to share the truth of wealth that he has realized with many people.
Because it reflects my younger self who wanted to gain wealth and protect my family.
Will I ever become rich?
Some people are reluctant to talk about money and consider it vulgar, but the author argues that such an act of denigrating the value of money is hypocritical.
When we consider the importance of money in life, no one can be free from the influence of money.
That is why the author defined the nature of money in a very unique way: he referred to it as a person.
Let's hear his logic.
If you keep money in your house because you love it too much, it will try to get out at any opportunity and tell other money not to come because its owner is a miser.
They don't even help those who don't respect them become rich.
Money spent on worthy causes and good works will be appreciated and will come back to its owner with more money, but if you spend it on bars or gambling, it will turn its back on you in misery.
Money is a physical entity with emotions, so you should love it but not excessively, embrace it when you need to, but let it go when it needs to go, and never ignore it or treat it carelessly.
Rather, we should respect and be grateful.
For people with this mindset, money offers them the opportunity to imagine, approach them, and try to protect them.
Fortunately, money doesn't have any aftereffects, so if you respect yourself from today on, regardless of your past actions, money will forget everything and respect you.
Money that has been brought into the hands of the powerful or the wealthy through kidnapping, violence, or illegal means will always be waiting for the day to escape or will harm its owner to escape, so you should never even think about becoming friends with dangerous money.
If you use the money in your pockets with dignity and with the people you love and the things that are worth protecting, the money that is watching you will also bring in more friends.
Since I am not a slave to money and money is not my possession, we live together in a relationship of deep respect rather than a hierarchical one.
As the old saying goes, 'Teach a man how to fish, not give him a fish.'
We are all in different circumstances.
Their intellectual levels are different and their economic situations are also different.
So what benefits someone else may not benefit me.
Through this book, “The Nature of Money,” we must learn how to become a farmer who creates, protects, and cultivates money.
GOODS SPECIFICS
- Date of issue: June 15, 2020
- Page count, weight, size: 415 pages | 462g | 152*215*28mm
- ISBN13: 9791188331796
- ISBN10: 1188331795
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