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This is my first time studying money
This is my first time studying money
Description
Book Introduction
* 『Studying Money for the First Time』 Revised and Expanded Edition to Commemorate 100,000 Copies *
* Economics and Management Steady Seller *
* No. 1 in the financial technology sector *
* Includes the latest Q&A from 2023 *

"If I had 5 million won, I wouldn't have made a mistake in this life."
Your First 'Money Study' Book for Financial Freedom

"Studying Money for the First Time," which has been a steady seller in economics and management since its publication in 2019, has returned in a revised and expanded edition.
After the first edition was published, it became the number one book in the financial technology field by word of mouth alone, sparking a trend of studying money among the younger generation, and became the first book to be acknowledged as a 'money study'.


This book, which captures the experiences of investment guru Kim Jong-bong, who started with just 5 million won but achieved financial freedom at the age of 35, in the language of bestselling author Jegal Hyeon-yeol, points out common misconceptions about money that people have, and provides helpful information to those who have had difficulty saving money due to incorrect common sense.
Rather than simply providing theoretical information, it introduces habits that directly help you build wealth, divided into four stages according to your assets, so that anyone can follow them.
In this revised and expanded edition, the author has selected questions readers may be curious about, taking into account the economic situation that is different from that of five years ago, and provided comments.
This book can be of great help to those who believe that no matter how hard they try, they will never become rich, couples who sigh at the sight of their growing children and increasing private education costs, and beginner investors who want to make money but don't know how to even get started.


The author has experienced countless hardships during his 18 years of investing, including being scammed by self-proclaimed investment experts. He has come to realize that there is no easy way to make money without investing time and effort.
Even if you can make money through luck for a short time, if you want to keep that money for a long time, you need to act and think appropriately depending on the amount of money you have.
This book, packed with diverse case studies, illustrations to aid understanding, step-by-step action guidelines, and even investment scenarios featuring the author's secrets, will help you become closer to money, a subject that once seemed unfamiliar.
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index
Revised and Expanded Edition Opening Note: Upgrading Five Years of Experience
Opening remarks: If you had a hard time today looking at your empty bank account balance,

Chapter 1 Life is ultimately a piece of money.
:The lie that you can be happy without money


Money isn't everything in life, right?
The one phrase that always comes before happiness: "If only I had more money."
Because I was so used to it, I didn't even realize that I didn't know it.
[The Money Story You See as Much as You Know] My Dream is to 'Chujip'
[Q&A] What should I do in this situation?

Chapter 2: Facing the Reality of Money
:The more you know about money, the more uncomfortable it becomes.


Don't waste your life on someone else's money.
The reality is that even if you save for 30 years, you won't be able to buy a house.
The Miracle on the Han River is no longer our story.
'YOLO' is a self-portrait of a reality that can only be enjoyed in the present.
[Money Story: The More You Know] When it comes to money, we're still primitive.
[Q&A] What should I do in this situation?

Chapter 3: Changing Your Perspective on Money
:As a stepping stone to opportunity, not a medium of exchange


It's too early to be frustrated by the low salary.
Money is not an object of exchange, but an object of opportunity.
A fresh look at pipelines
Claiming it's an investment but acting like gambling
Pay attention to C's life, which everyone overlooked.
When we accept 'up to now,' 'from now on' begins.
[The Money Story You See as Much as You Know] Why You Can't Get Advanced Information
[Q&A] What should I do in this situation?

Chapter 4 Wherever you are, from now on, just do this
:A 4-Step Solution to Enter the Wealth Highway


Provide time, effort, and direction

Stage 1: Collect, Learn, and Feel
(Surplus funds: 0 won to 10 million won)
Saving money is something only fools do?
The Correlation Between the Baby Boomer Generation and Our Economy
Studying the South Korean economy by looking at Japan
Prediction creates action
[Money Story: The More You Know] What can you do with 1 million won?

Stage 2 Growth Stage: 3% of Life is Created by Blindness
(Surplus funds: 10 million won to 100 million won)
What we need from now on is 'blindness'
Even blindly, standards are needed
The 100x10 Rule, the 1 Million Won Experience
97% of people become the nutrients of 3% of people
[The Money Story You See as Much as You Know] The Secret of Free Recommendations

Stage 3: Build, Shake, and Return
(Surplus funds: 100 million to 500 million won)
Leave behind only one weapon that makes you believe in yourself.
A wonderful name that reminds me of my original intentions: "Slump."
[Money Talk: The More You Know, the More You See] The Fastest Way to Understand Financial Products

Step 4: Choose Happiness
(Surplus funds: 500 million won or more)
A time when you can choose happiness with money
Will you be free or will you go up a level?
If I had chosen this path I walk
[The Money Story You See as Much as You Know] The Trap of Bookstores
[Q&A] What should I do in this situation?

ETC This is a story about giving back the time you invested in reading this book.
[Q&A] What should I do in this situation?

Closing remarks: Learning about money, which I thought was worldly
Closing remarks for the revised and expanded edition. The last part of the revised and expanded edition.

Detailed image
Detailed Image 1

Into the book
You can often see it on SNS
'Drinking coffee and tea while enjoying the sunlight coming into the house
People who feel happy
Most of them have good houses,
To make money right now
They were people who didn't need to rush to work,
People who go on a little getaway for me
Provides financial freedom even after the breakup ends
They were people with stable jobs.
In the end, small happiness
Someone who has earned enough money
It was the greatest luxury enjoyed by those who could continue to make money.
---From "Part 1 Life is ultimately a piece of money, p.35"

In an age where money is shown off and displayed,
It is difficult to objectively judge the size of the money.
That's why we
You no longer have to be swayed by other people's show-offs.
You don't have to worry about money that may not even exist.
Not being enthusiastic about the fancy bluebird that money shows,
That's the first step to learning about money.
And now
Let's focus on the money you have.
The money you have is tangible
The money you have is not a lie.
---From "Part 2: Facing the Reality of Money, p.72"

The amount to be invested
It should be in line with the time and effort you put into it.
For example, part-time job
You can do it without any great skills or professional experience or knowledge.
Considering his skills, which were not very experienced in stock investment,
If you've been thinking about it for an hour and decided to invest,
The investment amount is
It should be around the minimum wage of 9,620 won.
If you bought B shares for less than 9,620 won, invest.
If you buy more than that, it's gambling.
---From "Part 3: Changing Your Perspective on Money, p.138"

To become a successful investor
I realized that I needed to raise 500 million won.
A full 500 million won
Anyone who can make it their own investment vehicle
There is not much difference in level between you and someone who made 5 billion won.
To make 500 million won, you need to be able to make 100 million won.
To make 100 million won, you need to be able to make 10 million won.
To make 10 million won
You need to know how to start from zero.
The actions to be taken were different depending on the amount.
When you have all the necessary actions and knowledge for that stage
I also experienced that I could finally move on to the next step.
---From "Part 4: Changing Your Perspective on Money, pp. 183-184"

If you have decided to start studying investment now,
When you go to a bookstore and buy a book, it is displayed on the financial technology section.
You should not be interested in investments contained in books lying around.
Instead, it is displayed on a bookshelf where no one even looks at it.
Select the investment items in the book
It would be a good idea to invest with interest.
And finally, I'll give you one tip for selling your investments.
The book that contains the investments you have made
You can sell them when they are published one after another.
That's the peak of the investment.
---From "The Bookstore Trap: A Story of Money That Appears the More You Know," p.341

Publisher's Review
For those who have difficulty with both economics and numbers
The first 'Money Study' book


We worry several times a day about how to spend our money.
We choose whether to take a taxi or the subway on our way to and from work, we ponder how much gas to put in our tank at the gas station, we consider the cost of lunch and coffee, and we consider the size of a gift to give someone.
Because we think about money every day, we think we know a lot about it, but this book says that knowing about money and being familiar with it are completely different things.
Most people are familiar with money, but they don't really know it.
Only by studying money can you handle it skillfully.
If you read the following and it applies to you, you need to learn about money right now.

· I think this is a world where money makes money.
· I live with the saying, 'If only I had more money.'
· I sigh as I watch my child grow and the cost of private education increase.
· I am always frustrated by the thought that I cannot become rich because my salary is low.
· I don't think investing is something that just anyone can do.

These thoughts, which stem from misconceptions about money, are increasingly distancing us from money.
"Studying Money for the First Time" explains the laws and common sense of money through various examples and the author's own experiences for those who have never properly studied money before.
We also reveal an investment scenario containing the author's special secrets.
As you read each page of the book, you will become more familiar with money and have the opportunity to prepare for the future.

Starting from 0 won
My first ever rich class


Many people become greedy for money before they even study about it.
So I look up various financial books and listen to lectures.
But applying what you've learned isn't as easy as you might think.
That's why they pour out complaints like, "I've read several books on financial management, but it's so hard to put into practice" or "I did everything in the books, but my bank account balance is still empty!"
The reason most advice doesn't work is because the author's and speaker's circumstances are different from mine.
In particular, since it mainly introduces methods that can only be started if you have a lot of money, you will often feel frustrated from the start.
Even if you have seed money and try to put what you have learned into practice, you will often be confused because the results are often different.


So, 『Studying Money for the First Time』 is a four-step guide that covers everything from saving money to making your first investment and what to do when you have saved a certain amount of money.
In the preparation stage, we refute the idea that you can be happy without money and present a new perspective on money.
In Step 1, I recommend that you save up to 10 million won, even if the interest rate is low, and then create your own standards to predict the future.
Step 2 introduces the 97 to 3 rule, provides study methods for investment areas of interest, and provides investment methods utilizing the 100 x 10 rule.
Step 3 provides criteria for choosing your own investment method and offers solutions to overcome slumps.
Finally, in step 4, we will teach you the rules you need to know before becoming an investment expert.

This book offers sound advice to both novice investors who want to save money but don't know where or how to start, and seasoned investors who have accumulated some money but are lost and unable to determine the direction to take.
After reading this book, readers will soon become masters of money who are not swayed by what others say.


About money
Common misconceptions are overturned


We look at money like a caveman looks at food.
In primitive times, if food was visible, people had to eat it right away even if they were full.
Otherwise, there might be nothing to eat in the future.
In the same vein, we rush to invest if we believe we can make money right away, fearing we'll miss the opportunity.
Rather than preparing for the future, they are only interested in immediate profits and are gambling rather than investing.
97% of people behave this way, while only 3% have a sensible approach to money.
The author discovered the 97 to 3 rule here and realized that you have to be one of the 3 percent to become rich.

3% of people acknowledge that money and life are closely related, but they are wary of making money without effort, and they consistently study money and invest step by step.
Therefore, even if the temptation of a baseless windfall comes, you can resist it with reasonable doubt, and you do not make the mistake of becoming obsessed with money you have earned through luck and losing even more money.
They are also the ones who build a system to make money by creating a pipeline in advance when money can be made.
The important thing here is that up until then, even the 97% of ordinary people could discover the true nature of money and become part of the 3% if they approached it with common sense.
This book will guide you on your way to becoming one of the 3 percent.
GOODS SPECIFICS
- Date of issue: June 26, 2023
- Page count, weight, size: 400 pages | 624g | 145*205*25mm
- ISBN13: 9791130644219
- ISBN10: 1130644219

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