Baby Bear's Unchangeable Laws of Financial Planning
 |
Description
Book Introduction
Why did Baby Bear publish a revised edition of his book?
Because the immutable laws of financial management still hold true.
A mentor to countless real estate experts, Baby Bear has released "Baby Bear's Unchangeable Laws of Investment - Completely Revised and Refreshed" after four years.
『How to Make Big Money』, the predecessor of 『Baby Bear's Unchangeable Laws of Investment』, was published in 2003, and a completely revised edition was published in 2017, 14 years later. Since then, the book has been updated with new data every year.
The aim was to incorporate the latest trends into the book.
In addition to providing financial guidance for those in their 20s and 30s, this revised edition also devotes significant space to the impact the Fourth Industrial Revolution will have on us in the future.
Like it or not, the Fourth Industrial Revolution is upon us, and it will have a profound impact on our lives and future jobs in the long term.
Furthermore, this will likely trigger changes in the stock and housing markets, and we also present methods for proactively reading and responding to these changes.
In short, it can be said that the book contains enough content to realize the wish of author Baby Bear, who said, “I hope that even just one person in this world can design a happy future through ‘Baby Bear’s Unchanging Laws of Financial Management.’”
Because the immutable laws of financial management still hold true.
A mentor to countless real estate experts, Baby Bear has released "Baby Bear's Unchangeable Laws of Investment - Completely Revised and Refreshed" after four years.
『How to Make Big Money』, the predecessor of 『Baby Bear's Unchangeable Laws of Investment』, was published in 2003, and a completely revised edition was published in 2017, 14 years later. Since then, the book has been updated with new data every year.
The aim was to incorporate the latest trends into the book.
In addition to providing financial guidance for those in their 20s and 30s, this revised edition also devotes significant space to the impact the Fourth Industrial Revolution will have on us in the future.
Like it or not, the Fourth Industrial Revolution is upon us, and it will have a profound impact on our lives and future jobs in the long term.
Furthermore, this will likely trigger changes in the stock and housing markets, and we also present methods for proactively reading and responding to these changes.
In short, it can be said that the book contains enough content to realize the wish of author Baby Bear, who said, “I hope that even just one person in this world can design a happy future through ‘Baby Bear’s Unchanging Laws of Financial Management.’”
- You can preview some of the book's contents.
Preview
index
Prologue / Develop the Right Investment Strategy
While publishing the revised edition / To the 2030 generation who feels anxious
Chapter 1: 12 Rules for Successful Investment
Set clear but achievable goals
Enjoy the pleasure of achieving your goals
Present your vision with specific figures and schedules.
Make seed money quickly
Fight yourself
Look at the same place
Cut down on your spending
Investment comes with time.
Money is the friend of the prepared mind.
There is no magic in the world.
The world changes, so do methodologies.
The best investment is investing in yourself.
Chapter 2: Common Sense for Solid Investment
If you want to be rich, be like the rich.
Throw your household account book in the trash
Evaluate yourself with the Wealth Index and Asset Index.
People who are good at Go-Stop are also good at investing.
You can make money with just a word
You need to know the cost structure to confidently cut costs.
Belief is power
Uncertainty is the allure of investing.
Don't put all your eggs in one basket
If you just time your investments well, you'll make it to the middle.
Don't be swayed by bulls and bears
Break out of the fence of thought
Keep a good grasp of the flow of change
Differences in thinking determine the future (feat.
Advice for the hungry)
How will the Fourth Industrial Revolution change the world?
Stocks and real estate, which investment strategy is right for me?
Chapter 3: Guidelines for Real Estate Investment
Understand the invisible hand and the principles of the market.
Will house prices fall if the population declines?
Will Baby Boomer Retirement Be a Disaster?
When choosing a good investment, look at the location.
Consider the three key factors of location: transportation, education, and environment.
Would you rather have a new apartment or an old apartment?
An apartment is a piece of land
Do I have to buy and sell houses to make money?
Investing is also a psychological battle.
How does investor sentiment affect home prices?
Why it's difficult for homebuyers to own a home
Strategies are different in bull and bear markets.
Apartments, is there no alternative?
Advice for Generation 2030
Why should I buy a house?
Epilogue / Closing the Diary of Financial Investment Practice
While publishing the revised edition / To the 2030 generation who feels anxious
Chapter 1: 12 Rules for Successful Investment
Set clear but achievable goals
Enjoy the pleasure of achieving your goals
Present your vision with specific figures and schedules.
Make seed money quickly
Fight yourself
Look at the same place
Cut down on your spending
Investment comes with time.
Money is the friend of the prepared mind.
There is no magic in the world.
The world changes, so do methodologies.
The best investment is investing in yourself.
Chapter 2: Common Sense for Solid Investment
If you want to be rich, be like the rich.
Throw your household account book in the trash
Evaluate yourself with the Wealth Index and Asset Index.
People who are good at Go-Stop are also good at investing.
You can make money with just a word
You need to know the cost structure to confidently cut costs.
Belief is power
Uncertainty is the allure of investing.
Don't put all your eggs in one basket
If you just time your investments well, you'll make it to the middle.
Don't be swayed by bulls and bears
Break out of the fence of thought
Keep a good grasp of the flow of change
Differences in thinking determine the future (feat.
Advice for the hungry)
How will the Fourth Industrial Revolution change the world?
Stocks and real estate, which investment strategy is right for me?
Chapter 3: Guidelines for Real Estate Investment
Understand the invisible hand and the principles of the market.
Will house prices fall if the population declines?
Will Baby Boomer Retirement Be a Disaster?
When choosing a good investment, look at the location.
Consider the three key factors of location: transportation, education, and environment.
Would you rather have a new apartment or an old apartment?
An apartment is a piece of land
Do I have to buy and sell houses to make money?
Investing is also a psychological battle.
How does investor sentiment affect home prices?
Why it's difficult for homebuyers to own a home
Strategies are different in bull and bear markets.
Apartments, is there no alternative?
Advice for Generation 2030
Why should I buy a house?
Epilogue / Closing the Diary of Financial Investment Practice
Detailed image
Into the book
If we look at the behavior of so-called "experts" who make money in the stock or real estate markets, we can see that they differ from ordinary people in three major ways.
1.
Market Insights (Information Interpretation Ability)
2.
The foundation (basic capital) to make this happen
3.
The courage or self-confidence to act
--- p.79~80
Appropriate investment timing and finding profitable investment opportunities are two crucial elements for successful investment, neither of which can be sacrificed.
However, it can be said that it is advantageous to invest by placing more weight on investment timing during an upward or peak season, and by placing more weight on stock selection during a downward or off-season.
--- p.153
What's the relationship between real estate and investment? From an investor's perspective, the appeal of the apartment market lies in the fact that even if it fails, you won't be left with nothing.
When a company goes bankrupt, its stocks become worthless pieces of paper and its asset value becomes almost zero, but an apartment is a physical thing, so you can just live in it.
Additionally, there is also a method of renting out the house rather than moving in and living there yourself.
For this reason, there is demand for houses to be sold, but there is also demand for rentals.
In other words, even if the demand for sales slows down, if the demand for rentals increases, the jeonse price will rise even if the rate of increase in housing prices slows down.
When the rent goes up, there is an advantage for the owner as he can recover his investment.
--- p.204~205
Whether you're buying a home for yourself or as an investment, the first step is to acknowledge the market value.
This is not to say that you should buy it by paying the full price that the other person calls for.
The current market price is a balance of power created by the intertwined interests of numerous people.
Whether this balance point is adjusted upward or downward will depend on the economic situation at the time, but if even that reference point is not recognized, owning a home will become a distant dream.
Therefore, it can be said that the first step to owning a home begins with understanding and acknowledging the market.
--- p.318~319
From a short-term perspective, it may seem theoretically possible to achieve economic independence by diligently saving up the housing costs saved by renting a home and using that to build assets. However, look around you.
The assets of those who chose to rent a house safely(?) and those who bought their own house through forced means(?) were similar 10 years ago, but now the difference is incomparable.
1.
Market Insights (Information Interpretation Ability)
2.
The foundation (basic capital) to make this happen
3.
The courage or self-confidence to act
--- p.79~80
Appropriate investment timing and finding profitable investment opportunities are two crucial elements for successful investment, neither of which can be sacrificed.
However, it can be said that it is advantageous to invest by placing more weight on investment timing during an upward or peak season, and by placing more weight on stock selection during a downward or off-season.
--- p.153
What's the relationship between real estate and investment? From an investor's perspective, the appeal of the apartment market lies in the fact that even if it fails, you won't be left with nothing.
When a company goes bankrupt, its stocks become worthless pieces of paper and its asset value becomes almost zero, but an apartment is a physical thing, so you can just live in it.
Additionally, there is also a method of renting out the house rather than moving in and living there yourself.
For this reason, there is demand for houses to be sold, but there is also demand for rentals.
In other words, even if the demand for sales slows down, if the demand for rentals increases, the jeonse price will rise even if the rate of increase in housing prices slows down.
When the rent goes up, there is an advantage for the owner as he can recover his investment.
--- p.204~205
Whether you're buying a home for yourself or as an investment, the first step is to acknowledge the market value.
This is not to say that you should buy it by paying the full price that the other person calls for.
The current market price is a balance of power created by the intertwined interests of numerous people.
Whether this balance point is adjusted upward or downward will depend on the economic situation at the time, but if even that reference point is not recognized, owning a home will become a distant dream.
Therefore, it can be said that the first step to owning a home begins with understanding and acknowledging the market.
--- p.318~319
From a short-term perspective, it may seem theoretically possible to achieve economic independence by diligently saving up the housing costs saved by renting a home and using that to build assets. However, look around you.
The assets of those who chose to rent a house safely(?) and those who bought their own house through forced means(?) were similar 10 years ago, but now the difference is incomparable.
--- p.357
Publisher's Review
Why did Baby Bear publish a revised edition of his book?
Because the immutable laws of financial management still hold true.
A mentor to countless real estate experts, Baby Bear has released "Baby Bear's Unchangeable Laws of Investment - Completely Revised and Refreshed" after four years.
『How to Make Big Money』, the predecessor of 『Baby Bear's Unchangeable Laws of Investment』, was published in 2003, and a completely revised edition was published in 2017, 14 years later. Since then, the book has been updated with new data every year.
The aim was to incorporate the latest trends into the book.
This year, it's not just an update; it's a significant amount of content.
It can be said that about half of the volume of an average book has been added or significantly revised.
From the author's perspective, since this is his sixth book, he is considered a prolific writer, so it is better to publish it as a new book.
Nevertheless, regarding the reason for republishing the book in a completely revised format, author Baby Bear said, “I was worried that the good content of the book ‘Baby Bear’s Unchanging Laws of Financial Management’ would be forgotten by the new book.
“This is because ‘the immutable law of financial technology is not that old content is new content, and new content is new content,’” he explained.
The core message that informs readers on how to achieve financial freedom has not changed.
『Baby Bear's Timeless Laws of Financial Management』 was written with the hope that fresh graduates and new members of society taking their first steps into society, young couples who have just gotten married and are about to pursue their dreams of married life, and people who want to live a more affluent life than they do now can achieve financial freedom. The author's intention to create a book that readers will seek out for a long time rather than a book that catches the trend and disappears after a year is perfectly aligned with the message contained in this book, and it has been much loved by readers for over 10 years.
"Baby Bear's Unchangeable Laws of Financial Management - Completely Revised and Refreshed" contains a significant portion of the topics discussed with the author's youngest son, who majored in economics in the United States and is now working at an American company after graduation. It provides much comfort and encouragement to people in their 20s and 30s who have limited assets and an unstable social status.
In addition to providing financial guidance for those in their 20s and 30s, this revised edition also devotes significant space to the impact the Fourth Industrial Revolution will have on us in the future.
Like it or not, the Fourth Industrial Revolution is upon us, and it will have a profound impact on our lives and future jobs in the long term.
Furthermore, this will likely trigger changes in the stock and housing markets, and we also present methods for proactively reading and responding to these changes.
In short, it can be said that the book contains enough content to realize the wish of author Baby Bear, who said, “I hope that this book will be an opportunity for at least one person in this world to design a happy future.”
The purpose of financial investment is
“Becoming free from money, becoming the master of money.”
“Why should I invest?” Opinions on this question can vary from person to person.
Some people say, “Investing improves the quality of life and even creates a purposeful life,” while others say, “Investing is done to achieve financial freedom.”
No matter what answer you give, it cannot be unrelated to the word 'money'.
So why do we need to earn money and be called? Because it's connected to our happiness.
It doesn't mean that money is the most important thing in life.
People who only pursue money do not experience true happiness.
But the problem is that there are many cases where people who should be happy become unhappy because of money, so money is needed to prevent that.
We should not fall into the equation of 'money = happiness', but it is also problematic to fall into the Joseon Dynasty-style logic that ignores reality, saying, "Money is dirty, so a scholar should not touch it."
As we go through life, we must never become slaves to money, but rather masters of it.
The goal of financial investment is to become free from money and become the master of money.
And this book contains the 'immutable laws of financial technology' to achieve that goal.
"Baby Bear's Unchangeable Laws of Financial Management - Completely Revised and Refreshed" will give those new to society, financial management, and investing the courage and wisdom to navigate the harsh world.
Of course, you can't become rich overnight by reading one book.
Whether it's a self-help book or a financial management book, books are really just recipes.
It is the reader who does the cooking.
This book is not just a collection of stories heard here and there and read here and there.
It can be seen as a life diary summarizing the author's thoughts, research, and practice over a long life, with positive results.
And that diary will serve as a compass for readers to achieve financial freedom.
Strategies for Investment and Real Estate
Chapter 1 presents the '12 Rules for Successful Investment'.
How to raise seed money, start investing, and take the path to financial freedom.
These are stories worth keeping in mind for the necessity of financial investment and for success.
Chapter 2 is 'Common sense for sound financial management.'
It lays the foundation for success in investing, including the basic principles of investing and how to evaluate your own position.
Chapter 3 is ‘Guidelines for Real Estate Investment’.
It clearly explains the reasons for rising real estate prices, when to start investing in real estate, the truth and lies of real estate bears, and real estate investment strategies and timing.
12 Rules for Successful Investment
Rule 1: Set clear but achievable goals.
Rule 2: Enjoy the Joy of Achieving Your Goals
Rule 3: Present your vision with concrete figures and a timeline.
Rule 4: Make seed money quickly
Rule 5: Fight with yourself
Rule 6: Look at the same place
Rule 7: Reduce Your Spending
Rule 8: Investment is a process of time.
Rule 9: Money is the friend of the prepared mind.
Rule 10: There is no magic in the world.
Rule 11: The world changes, so do methodologies.
Rule 12: The best investment is investing in yourself.
Because the immutable laws of financial management still hold true.
A mentor to countless real estate experts, Baby Bear has released "Baby Bear's Unchangeable Laws of Investment - Completely Revised and Refreshed" after four years.
『How to Make Big Money』, the predecessor of 『Baby Bear's Unchangeable Laws of Investment』, was published in 2003, and a completely revised edition was published in 2017, 14 years later. Since then, the book has been updated with new data every year.
The aim was to incorporate the latest trends into the book.
This year, it's not just an update; it's a significant amount of content.
It can be said that about half of the volume of an average book has been added or significantly revised.
From the author's perspective, since this is his sixth book, he is considered a prolific writer, so it is better to publish it as a new book.
Nevertheless, regarding the reason for republishing the book in a completely revised format, author Baby Bear said, “I was worried that the good content of the book ‘Baby Bear’s Unchanging Laws of Financial Management’ would be forgotten by the new book.
“This is because ‘the immutable law of financial technology is not that old content is new content, and new content is new content,’” he explained.
The core message that informs readers on how to achieve financial freedom has not changed.
『Baby Bear's Timeless Laws of Financial Management』 was written with the hope that fresh graduates and new members of society taking their first steps into society, young couples who have just gotten married and are about to pursue their dreams of married life, and people who want to live a more affluent life than they do now can achieve financial freedom. The author's intention to create a book that readers will seek out for a long time rather than a book that catches the trend and disappears after a year is perfectly aligned with the message contained in this book, and it has been much loved by readers for over 10 years.
"Baby Bear's Unchangeable Laws of Financial Management - Completely Revised and Refreshed" contains a significant portion of the topics discussed with the author's youngest son, who majored in economics in the United States and is now working at an American company after graduation. It provides much comfort and encouragement to people in their 20s and 30s who have limited assets and an unstable social status.
In addition to providing financial guidance for those in their 20s and 30s, this revised edition also devotes significant space to the impact the Fourth Industrial Revolution will have on us in the future.
Like it or not, the Fourth Industrial Revolution is upon us, and it will have a profound impact on our lives and future jobs in the long term.
Furthermore, this will likely trigger changes in the stock and housing markets, and we also present methods for proactively reading and responding to these changes.
In short, it can be said that the book contains enough content to realize the wish of author Baby Bear, who said, “I hope that this book will be an opportunity for at least one person in this world to design a happy future.”
The purpose of financial investment is
“Becoming free from money, becoming the master of money.”
“Why should I invest?” Opinions on this question can vary from person to person.
Some people say, “Investing improves the quality of life and even creates a purposeful life,” while others say, “Investing is done to achieve financial freedom.”
No matter what answer you give, it cannot be unrelated to the word 'money'.
So why do we need to earn money and be called? Because it's connected to our happiness.
It doesn't mean that money is the most important thing in life.
People who only pursue money do not experience true happiness.
But the problem is that there are many cases where people who should be happy become unhappy because of money, so money is needed to prevent that.
We should not fall into the equation of 'money = happiness', but it is also problematic to fall into the Joseon Dynasty-style logic that ignores reality, saying, "Money is dirty, so a scholar should not touch it."
As we go through life, we must never become slaves to money, but rather masters of it.
The goal of financial investment is to become free from money and become the master of money.
And this book contains the 'immutable laws of financial technology' to achieve that goal.
"Baby Bear's Unchangeable Laws of Financial Management - Completely Revised and Refreshed" will give those new to society, financial management, and investing the courage and wisdom to navigate the harsh world.
Of course, you can't become rich overnight by reading one book.
Whether it's a self-help book or a financial management book, books are really just recipes.
It is the reader who does the cooking.
This book is not just a collection of stories heard here and there and read here and there.
It can be seen as a life diary summarizing the author's thoughts, research, and practice over a long life, with positive results.
And that diary will serve as a compass for readers to achieve financial freedom.
Strategies for Investment and Real Estate
Chapter 1 presents the '12 Rules for Successful Investment'.
How to raise seed money, start investing, and take the path to financial freedom.
These are stories worth keeping in mind for the necessity of financial investment and for success.
Chapter 2 is 'Common sense for sound financial management.'
It lays the foundation for success in investing, including the basic principles of investing and how to evaluate your own position.
Chapter 3 is ‘Guidelines for Real Estate Investment’.
It clearly explains the reasons for rising real estate prices, when to start investing in real estate, the truth and lies of real estate bears, and real estate investment strategies and timing.
12 Rules for Successful Investment
Rule 1: Set clear but achievable goals.
Rule 2: Enjoy the Joy of Achieving Your Goals
Rule 3: Present your vision with concrete figures and a timeline.
Rule 4: Make seed money quickly
Rule 5: Fight with yourself
Rule 6: Look at the same place
Rule 7: Reduce Your Spending
Rule 8: Investment is a process of time.
Rule 9: Money is the friend of the prepared mind.
Rule 10: There is no magic in the world.
Rule 11: The world changes, so do methodologies.
Rule 12: The best investment is investing in yourself.
GOODS SPECIFICS
- Publication date: June 20, 2021
- Page count, weight, size: 376 pages | 564g | 152*225*18mm
- ISBN13: 9791157746972
- ISBN10: 1157746977
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