Rich Dad, Rich Kid
 |
Description
Book Introduction
A child who doesn't know money remains a consumer. A child who knows finance becomes an investor! With financial and investment expert Dr. Woo Dong-ho, Project to Create 3.5 Billion Won for Children's Future Parents are confused about whether their children's interest in money is desirable or a cause for concern. “No matter what I do, I feel lost, so do I even have to teach them about money?” “Is it okay for my child to learn about money from a young age?” Every parent has these concerns. However, the author believes that studying money is an essential education that must be prepared for from a very young age. Because true freedom comes only when there is economic freedom. This book provides specific guidance on how to begin financial education, teach investment, and put it into practice for each age group of your child. The author, a certified tax accountant who has managed the assets of countless wealthy individuals, holds a PhD in business administration, and holds a PhD in engineering in blockchain and trading systems. Drawing on his own years of experience with children, he has compiled a comprehensive guide to financial education that fosters growth for parents and children. |
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Preview
index
Chapter 1: If You Haven't Started, It's Already Too Late
1-1.
"Dad, Can We Be Rich?" - Standing at the Crossroads of Wealth
1-2.
The Secret of the 3.5 Billion Won That Will Be Received by Those Born in 2025
1-3.
A nine-year-old's two paths: gambling and investing.
1-4.
Why You Should Start Before Age 13
1-5.
What You'll Lose If You Don't Start Now
Chapter 2: The Magic of Compound Interest and the Power of Long-Term Investing
2-1.
The Principle of Compound Interest: The Eighth Wonder That Surprised Einstein
2-2.
The Secret to Growing Your Wealth: The Rule of 72
2-3.
How Long-Term Investing Protects Our Family
2-4.
Practical Exercise: Calculating Future Assets with a Compound Interest Calculator
Chapter 3: Why Start 'Now'?
3-1.
Our child's future starts with 150,000 won per month
3-2.
The Golden Time for Financial Education
3-3.
Challenges of social change and economic environment
3-4.
Developing sound values about money
3-5.
Practical Exercise: Building Your Family's Financial Values
Chapter 4: Why Should I Take Care of My Children First, Not Myself?
4-1.
Preparing for your child's future
4-2.
The Secrets of the Jewish Financial Education Model
4-3.
Parents' Roles and Responsibilities
4-4.
Practice: Setting Financial Goals with Your Kids
Chapter 5 Why should we know ‘wealth’?
5-1.
The true meaning and importance of wealth
5-2.
The need for asset formation
5-3.
Understanding the Difference Between Speculation and Investment
5-4.
The Pitfalls of Online Gambling: The Truth Parents and Children Need to Know
5-5.
The Magic of Diversification: Learn the Wisdom of Investment with 40,000 Won
5-6.
Smart Volatility Management: The Truth About Returns
5-7.
Common habits of the rich
5-8.
Practice: The Rich Habits Checklist
Chapter 6: Rich Dad's Conversation: Financial and Economic Education with Your Son
6-1.
Financial Basics: Starting with Allowance
6-2.
Understanding Exchange Rates and Interest Rates
6-3.
Basic Principles of Stocks and Investing
6-4.
The Wisdom of Diversification and Asset Allocation
6-5.
Easy to read financial statements
6-6.
Budgeting and Saving at Home
6-7.
Experience Real-World Investing: Simulated Investment Game
Chapter 7: Jewish Financial Education Secrets
7-1.
Jewish Bar Mitzvahs and Economic Independence
7-2.
Asset formation and management methods
7-3.
How to practice in Korean homes
7-4.
Practical Exercise: Creating Your Family's Own Financial Awareness
Chapter 8: Concrete Plans for the Future
8-1.
How to Use the Investment Fund Calculator
8-2.
Setting goals and making plans
8-3.
Risk Management and Portfolio Construction
8-4.
Static Asset Allocation Strategy in Practice
8-5.
Utilizing dynamic asset allocation strategies
8-6.
Understanding Digital Assets and the New Investment Landscape
8-7.
Practical Exercises: Creating Your Own Portfolio
Chapter 9: Parents and Children's Growth Together
9-1.
Parents' financial education and self-development
9-2.
Learning about finance with your children
9-3.
Creating a family that grows together
9-4.
Practice: Conducting a Family Finance Meeting
Chapter 10: Concrete Ways to Put This into Practice
10-1.
Age-specific action plans
10-2.
Using your pension savings account
10-3.
Managing Gift Tax with Organic Savings Funds
10-4.
Hometax Filing Practical Guide
10-5. Effective Use of ISAs and Pension Savings Accounts
10-6.
Checklist for Parents
10-7.
Practical Exercise: Creating a Monthly Action Plan
supplement
1.
Government Policy Proposals: National Pension Supplementation and Mandatory Financial Education
2.
Glossary of Terms
3.
A collection of practical investment tools
1-1.
"Dad, Can We Be Rich?" - Standing at the Crossroads of Wealth
1-2.
The Secret of the 3.5 Billion Won That Will Be Received by Those Born in 2025
1-3.
A nine-year-old's two paths: gambling and investing.
1-4.
Why You Should Start Before Age 13
1-5.
What You'll Lose If You Don't Start Now
Chapter 2: The Magic of Compound Interest and the Power of Long-Term Investing
2-1.
The Principle of Compound Interest: The Eighth Wonder That Surprised Einstein
2-2.
The Secret to Growing Your Wealth: The Rule of 72
2-3.
How Long-Term Investing Protects Our Family
2-4.
Practical Exercise: Calculating Future Assets with a Compound Interest Calculator
Chapter 3: Why Start 'Now'?
3-1.
Our child's future starts with 150,000 won per month
3-2.
The Golden Time for Financial Education
3-3.
Challenges of social change and economic environment
3-4.
Developing sound values about money
3-5.
Practical Exercise: Building Your Family's Financial Values
Chapter 4: Why Should I Take Care of My Children First, Not Myself?
4-1.
Preparing for your child's future
4-2.
The Secrets of the Jewish Financial Education Model
4-3.
Parents' Roles and Responsibilities
4-4.
Practice: Setting Financial Goals with Your Kids
Chapter 5 Why should we know ‘wealth’?
5-1.
The true meaning and importance of wealth
5-2.
The need for asset formation
5-3.
Understanding the Difference Between Speculation and Investment
5-4.
The Pitfalls of Online Gambling: The Truth Parents and Children Need to Know
5-5.
The Magic of Diversification: Learn the Wisdom of Investment with 40,000 Won
5-6.
Smart Volatility Management: The Truth About Returns
5-7.
Common habits of the rich
5-8.
Practice: The Rich Habits Checklist
Chapter 6: Rich Dad's Conversation: Financial and Economic Education with Your Son
6-1.
Financial Basics: Starting with Allowance
6-2.
Understanding Exchange Rates and Interest Rates
6-3.
Basic Principles of Stocks and Investing
6-4.
The Wisdom of Diversification and Asset Allocation
6-5.
Easy to read financial statements
6-6.
Budgeting and Saving at Home
6-7.
Experience Real-World Investing: Simulated Investment Game
Chapter 7: Jewish Financial Education Secrets
7-1.
Jewish Bar Mitzvahs and Economic Independence
7-2.
Asset formation and management methods
7-3.
How to practice in Korean homes
7-4.
Practical Exercise: Creating Your Family's Own Financial Awareness
Chapter 8: Concrete Plans for the Future
8-1.
How to Use the Investment Fund Calculator
8-2.
Setting goals and making plans
8-3.
Risk Management and Portfolio Construction
8-4.
Static Asset Allocation Strategy in Practice
8-5.
Utilizing dynamic asset allocation strategies
8-6.
Understanding Digital Assets and the New Investment Landscape
8-7.
Practical Exercises: Creating Your Own Portfolio
Chapter 9: Parents and Children's Growth Together
9-1.
Parents' financial education and self-development
9-2.
Learning about finance with your children
9-3.
Creating a family that grows together
9-4.
Practice: Conducting a Family Finance Meeting
Chapter 10: Concrete Ways to Put This into Practice
10-1.
Age-specific action plans
10-2.
Using your pension savings account
10-3.
Managing Gift Tax with Organic Savings Funds
10-4.
Hometax Filing Practical Guide
10-5. Effective Use of ISAs and Pension Savings Accounts
10-6.
Checklist for Parents
10-7.
Practical Exercise: Creating a Monthly Action Plan
supplement
1.
Government Policy Proposals: National Pension Supplementation and Mandatory Financial Education
2.
Glossary of Terms
3.
A collection of practical investment tools
Detailed image
Into the book
The reality of South Korea in 2025 is shocking.
According to a recent survey by the Korea Center for Gambling Problems, one in ten elementary school students has already experienced online gambling.
What's more shocking is that the starting age is getting lower and lower.
--- p.11
Children at this age already understand 'exchange value'.
I know exactly what you can buy with a thousand won and what the difference is between ten thousand won and a thousand won.
I remember when my son first started keeping an allowance ledger, he was shocked to realize the value of the money he spent.
--- p.98
"Yes, exactly! When I receive my allowance each month, I first decide how much I need to spend, how much I want to invest, and how much I should set aside for emergencies."
--- p.185
I would like to say something to everyone who uses this calculator.
Your future depends on the choices you make now.
Beyond simply saving money, find ways to increase your value and increase your income.
Because that's the way to become truly rich.
--- p.275
What matters is the content of the meeting, not its format.
As children organize and present their own financial situation, they learn responsibility, and parents become mentors who help their children manage their finances.
--- p.368
Financial education, especially starting at age 12, becomes a lifelong asset.
This is because children at this age are able to think abstractly and understand the concepts of welfare and investment, and it is also the best time to form good habits.
According to a recent survey by the Korea Center for Gambling Problems, one in ten elementary school students has already experienced online gambling.
What's more shocking is that the starting age is getting lower and lower.
--- p.11
Children at this age already understand 'exchange value'.
I know exactly what you can buy with a thousand won and what the difference is between ten thousand won and a thousand won.
I remember when my son first started keeping an allowance ledger, he was shocked to realize the value of the money he spent.
--- p.98
"Yes, exactly! When I receive my allowance each month, I first decide how much I need to spend, how much I want to invest, and how much I should set aside for emergencies."
--- p.185
I would like to say something to everyone who uses this calculator.
Your future depends on the choices you make now.
Beyond simply saving money, find ways to increase your value and increase your income.
Because that's the way to become truly rich.
--- p.275
What matters is the content of the meeting, not its format.
As children organize and present their own financial situation, they learn responsibility, and parents become mentors who help their children manage their finances.
--- p.368
Financial education, especially starting at age 12, becomes a lifelong asset.
This is because children at this age are able to think abstractly and understand the concepts of welfare and investment, and it is also the best time to form good habits.
--- p.360
Publisher's Review
Especially in this book
- A project to make 3.5 billion won starting with 150,000 won per month
- Customized action plans and specific investment methods by age
How to Conduct a Family Financial Meeting
- Long-term investment strategy utilizing the magic of compound interest
- It covers everything from gift tax management to how to use pension savings accounts in detail.
This book presents a practical, actionable model with rich and diverse content, including which stocks to focus on and prepare for, why we need to understand "wealth," what we can learn from Jewish financial education secrets, and how parents can develop themselves through financial education with their children.
Is there another book that provides such kind and detailed information on children's financial education and self-finance management?
Readers who believe that children need financial education from an early age will find much needed information in this article.
If you're an adult interested in managing your finances and investing, there are plenty of helpful tips available.
Above all, if you want your children to become wealthy in the future, it would be a good idea to read this book carefully and immediately put into practice the methods suggested by the author.
Following the author's suggestions will help ensure your children's future and protect your old age.
The greatest legacy is not “money” itself, but “the ability to manage money.”
- A project to make 3.5 billion won starting with 150,000 won per month
- Customized action plans and specific investment methods by age
How to Conduct a Family Financial Meeting
- Long-term investment strategy utilizing the magic of compound interest
- It covers everything from gift tax management to how to use pension savings accounts in detail.
This book presents a practical, actionable model with rich and diverse content, including which stocks to focus on and prepare for, why we need to understand "wealth," what we can learn from Jewish financial education secrets, and how parents can develop themselves through financial education with their children.
Is there another book that provides such kind and detailed information on children's financial education and self-finance management?
Readers who believe that children need financial education from an early age will find much needed information in this article.
If you're an adult interested in managing your finances and investing, there are plenty of helpful tips available.
Above all, if you want your children to become wealthy in the future, it would be a good idea to read this book carefully and immediately put into practice the methods suggested by the author.
Following the author's suggestions will help ensure your children's future and protect your old age.
The greatest legacy is not “money” itself, but “the ability to manage money.”
GOODS SPECIFICS
- Date of issue: April 21, 2025
- Page count, weight, size: 476 pages | 814g | 152*225*26mm
- ISBN13: 9791172245351
- ISBN10: 1172245355
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