But even so, there are still many people who are afraid of investing.
They hear stories of people losing money on stocks, buying houses but having their backs broken because the interest rates are too high, and they think, 'See?
He sighs, saying, 'It's a good thing I didn't invest in stocks or real estate. If you're greedy, you'll fail.'
In other words, they think they saved their money by doing nothing.
But there is one thing they overlook.
The point is that you didn't save your money by doing nothing, but rather that the value of money continues to fall even at this very moment, so in the end you didn't save your money.
---From "The Era of Relying Only on Savings to Become Poor"

Reading the flow of money and studying economics are matters directly related to survival.
Because the era of 'low inflation and high growth' is over.
Korea has achieved remarkable economic growth over the past 30 years.
So the barrier to employment wasn't that high, and if you got a job anywhere and worked hard, your salary would go up, and with high interest rates on savings accounts, if you just saved hard, you could buy a house after about 15 years of working.
This means that achieving a stable life is not as difficult as reaching for the stars.
But now things are so different.
It has become impossible to lead a stable life using the methods of previous generations.
Since the value of money decreases even when you don't spend it, if you don't take action, the value of the money you've saved will gradually decrease, and you will end up struggling and struggling for money.

---From "The Era of Relying Only on Savings to Become Poor"

There may be a vague expectation that marriage will lead to a stable life, but that is by no means easy.
Whether you get married or not, if you don't have money, you will continue to be chased by money and live an unstable life.
And forty comes sooner than you think.
There is a huge qualitative difference in all aspects of life between people in their forties who have accumulated assets in some form and those who have not.
So, if you don't want to regret it when you're forty, start by creating a balance sheet with the assets you have right now.
The important thing is that if you don't do something now, nothing will change in your future in 10 years.

---From "Forty Comes Sooner Than You Think"

We've all probably had that experience where we unconsciously become irritable whenever the topic of money comes up, or when we go to a friend's housewarming party and congratulate them but are persistently curious about whether they own the house or rent it, or when we become blunt and make the atmosphere awkward because we feel gloomy for no reason.
At times like that, you feel really bad about yourself, but you can't help but suffer because of emotions that you can't control.
But it's not simply a matter of your bank balance; it's more of a mindset issue that arises because you don't have a proper plan to alleviate your financial anxiety.
Even if you have 5 million won, you won't be afraid if you have a clear plan, but even if you have the same 5 million won, if you don't have a proper sense of finance and are not prepared at all, you will feel anxious without even knowing it.

---From "Why am I so anxious?"

Let's say you're earning a salary of 2.5 million won.
You might be depressed because it's so low compared to the salaries of your peers working at large corporations or in the financial industry, but in terms of cash flow, 2.5 million won has the same effect as owning a commercial building or small building worth 700 million won.
This is because the rent from a commercial property worth 700 million won is about 4 percent, or 2.5 million won, per month.
(Omitted) Life becomes more comfortable when cash flow is maintained at a constant level.
To manage your finances stably, you need to have regular money coming in, like a salary.
And having a regular income makes it possible to predict the future.
The fact that 2.5 million won is deposited into the account without any interruption or problem allows you to plan and control how you spend your money this month.
This gives you a sense of security because it means you can control your risks.
As such, the power of salary is stronger than you think.
Therefore, when quitting a job, unless you have a new job lined up, it is best to save enough money to live comfortably for about six months in case your cash flow is cut off before quitting.

---From "Why Rich People Never Take Their Salaries for granted"

But surprisingly, there are people who talk about stocks and real estate as if they were ‘speculation.’
There are surprisingly many people who ask, "What stocks should I buy?" but don't even know the difference between stocks and funds, and among those who complain about not knowing when they will be able to buy a house, there are surprisingly many who have never applied for a subscription before.
To be good at swimming, you have to learn the movements first, and to be good at math, you have to understand the formulas first.
The same goes for stocks and real estate.
You need to 'study' about it to be able to invest well in stocks and real estate.
This is basic, but it seems like many people want to start from practice.
Yeah, maybe once you get lucky and succeed.
But if you don't study, you will quickly fall apart.
What this means is that if you don't study, you won't be able to make money by investing.
So when people ask me which stocks to buy and when, that's what I say.
They say good things are cheapest today.
The thing you want to buy will go up in price tomorrow.
So, study.
To develop an eye for good things, you need to be able to read the rapidly changing trends of the world, and that means you have to keep studying consistently.

---From "Never Put Off Studying Money"

To summarize, if you have 10 million won and do nothing, it will still be just 10 million won after 10 years, but if you manage that money well using compound interest, you can make it up to 164.31 million won.
This is the magic of compound interest.
This is precisely why I urge you to start investing as soon as possible.
If you invest in a product that yields 10 percent interest instead of going to the bank and saving now, you will have a surprising amount of money in 10 or 20 years with the help of compound interest.
So, this is not the time to lament about your low salary.
Some people are already harnessing the magic of compound interest to accelerate their path to wealth.

---From "It is better to start investing as soon as possible"

When withdrawing money from an ATM, it is better to get into the habit of taking out one 50,000 won note rather than five 10,000 won notes.
According to Professor Priya Raghuvir of New York University and Professor Joydeep Srivastava of the University of Maryland, when they experimented with how spending patterns differed when holding a single $20 bill versus 20 $1 bills, they found that people who held a single $20 bill spent more frugally than those who held the latter.
It's easy to spend small amounts of money, but when you have a large amount of money, you think twice before spending it because you feel bad about breaking it.
This denomination effect of being cautious with 'large units of money' can also be applied when saving or investing.
It is good to open accounts for different purposes, but it is also better to create accounts with a fixed amount that is difficult to break, such as a '10 million won account'.
Then, unlike vaguely saving money, you will be able to save more consistently because you will feel it is a waste to break a 10 million won account.

---From "Why is it that we feel bad about our salaries but easily spend our bonuses?"

If you invest a large amount of money from the beginning, a loss of 1 to 2 million won will seem like nothing.
However, if you start investing small amounts and gradually increase them, you will be able to better control emotional upheaval and mistakes.
For example, someone who invested 100,000 won and lost 10,000 won will feel relieved that he lost only 1/10 of his investment and will try to avoid making the same mistake again.
But for someone who invested 5 million won from the beginning and lost 500,000 won, losing 10,000 won is nothing.
In other words, your sense of money becomes dulled, so you see 10,000 won easily.
If this situation continues, you will naturally end up spending a lot of money without knowing where it went.

---From "If you don't want to regret buying something"

To avoid overspending, you need rules for spending.
It is especially important that your spending on any one item does not exceed 5 percent of your salary.
Why 5 percent? Let me give you an example.
For 95 to become 100, you only need to make a profit of 5.3 percent.
To get from 90 to 100, you need to make a profit of 11.1 percent.
However, to make 80 become 100, you need to make a 25 percent profit, and to make 50 become 100, you need to make a 100 percent profit.
Considering that the general economic growth rate, inflation rate, and salary increase rate are around 3-5%, it can be said that even if 5% of one's salary disappears, it is a level that can be easily compensated for if one puts oneself into it.
But the moment 10 percent, 20 percent, or 50 percent disappears from your salary, it becomes a number that cannot be easily made up for by common sense.
To compensate for this, you will need to tighten your belt more than usual.
That's why it's important to keep any spending below 5 percent.
I've decided to buy a luxury bag, but if I pay it in 12 installments, I can afford a down payment of about 5%.
However, if you are faced with having to pay 10 percent in installments, the burden is bound to increase.
Because the installment interest must be paid separately.

---From "Spending also requires rules"

People who are good at investing in stocks are curious.
Whether going to the cafeteria (Hyundai Green Food), drinking beer (Jeju Beer), cleaning (Everybot), or playing Cookie Run (Devsisters), they explore new things with sparkling eyes and curiosity.
These people are quicker than others to understand changes in the company and trends in the world and respond more nimbly.
Of course, the most important thing is to know how to directly connect that trend to stocks or funds.
Because the people who make money are not the people who say that Honey Butter Chips are delicious, but the people who taste Honey Butter Chips and buy stocks.

---From "The opportunity to make money is right in your life"

In a bull market, the rich get richer and the poor get poorer.
But in a bear market, the rich become poor, and the poor seize the opportunity to become rich.
This is why wealth restructuring can occur in a bear market.
So, as Einstein said, why don't we act differently now?
It is buying stocks at a cheap price when the stock price is falling and people are trembling in fear.
Ultimately, it is the investors who can buy into fear who become rich.

---From "When a bear market comes, don't run away, welcome it"

If you have promised to become an economic community through marriage, you should be able to talk openly about each other's financial capabilities.
In this case, economic power can mean the ability to mobilize cash immediately, such as an inheritance from one's parents, savings, or monthly salary, but in a broader sense, it can also mean 'economic sense.'
Even with the same salary, the results six months later can be completely different depending on whether you save it in the bank, spend it, or invest it in a good place.
Therefore, it is very important to be open about your thoughts on money and share your opinions before getting married.
I really hope that if you're thinking about getting married, you and your partner have a conversation about money.
When you talk about how to save money and how to spend money, you can see the person's life.
It doesn't matter if you don't have a lot of money right now.
It doesn't matter if you're poor.
What I'm saying is that it's okay if it's someone you can have an open and honest 'conversation about money' with, and who you can discuss with them about how you'll earn money and how you'll spend it in the future.

---From "I wish I could marry a man like this"

Don't be discouraged by people who look at you with prejudice and try to imitate other people's lives.
Just diligently hone your skills and show results regardless of what others say.
If you show results, even those who dislike you will want to join your hand.
If not, that's okay.
The sense of accomplishment from doing something well will boost your self-esteem and make you stronger.
And at least you will know.
That you can be successful in your own way without having to try to imitate others.

---From "Only you can set your limits"