Republishing this book
Introduction

Part 1: The Philosophy and Logic of the Rich
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1.
What is the standard for wealth?
What kind of people are rich? | How to become rich | Three criteria for financial management.
2.
How is wealth formed?
Understanding Added Value | Added Value Is Distributed Based on Financial Knowledge | Knowledge of Interest Rates Makes You Rich
3.
How the Rich Invest
The Logic of the Rich, the Logic of the Poor 1: Greed that Glances Sideways at the World | The Logic of the Rich, the Logic of the Poor 2: A Peaceful Mind That Cannot Be Maintained Until the End | The Logic of the Rich, the Logic of the Poor 3: A Thinking Accustomed to Decline | Act and Judge Contrary to the Rich | The Behavioral Patterns of the Rich

Part 2: Basic Principles of Wealth Economics
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4.
The Two Axis of Investment: Interest Rates and Inflation
Kostolany's Egg Model: Interest Rates and Investment Decisions | Inflation Threatens Asset Values ​​| You'll Break Even, So Just Stay Still | Is Interest Rate Investing a Never-ending Battle? | Inflation Drives Compound Interest, Interest Rates Drive Simple Interest | Interest Rate Movements | Bonds are a Product Bought and Sold by Predicting Interest Rates and the Economy | Lessons from the Bond Market
5.
Are you an investor or a speculator?
Is investing healthy, and speculation greedy? | Interest rate philosophy separates investors from speculators.
6.
How are 'cheap' and 'expensive' determined?
Fundamentals of Investing: Market Prices | Prices Reflect Psychological Imbalances | Two Criteria for Evaluating Market Prices
7.
Price Logic You Need to Know for Winning Investments
The Core of Investment Decisions: Judging Fair Value | How the Average Changes | Psychology Responds to Price Changes | The Characteristics of Information That Influences Prices
8.
Inflation and asset values
Stocks and real estate: The equilibrium between inflation and asset values ​​| Understand even invisible values ​​| The price of all assets follows the principles of supply and demand | Art prices follow a pattern similar to the inflation rate
9.
Is long-term investing a sure-win game?
The top priority for long-term investing is interest rate investing | Benchmark investment vehicles, interest rates | Are you confident you can generate returns above the interest rate? | Long-term investments that keep pace with the economy's growing pie.
10.
Why Short-Term Investments Fail
The nightmare of trading costs | Beginner's luck can turn into misfortune | Long-term investing requires planning and control
11.
Now it's a battle of returns
How long does it take to accumulate 1 billion won? | Why rates of return are important? | What percentage of returns do you earn per month? | Investing in a stagnant economy is about ratios, not quantities. | Countries that will join the rate of return game. | Short-term opportunities brought about by the rate of return game.
12.
Creating seed money for investing
The Need for Seed Funding | Preparing for Investment: Securing Seed Funding | How to Build Seed Funding | Don't Forget Banks to Build Seed Funding | Banking Products with Low Returns but Protecting Asset Value | Risk-Aware Banking Products | Risk Differences Among Seed Funding Products

Part 3: The Economics of the Rich for Investment
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13.
How to Invest in Real Estate
Population Structure and Asset Value | How Long Will Baby Boomers' Economic Power and Purchasing Power Last? | Real Estate Investment Outlook | Market Logic in the Seoul Metropolitan Area | The Future of the Seoul Metropolitan Area: Future Development Potential | Real Estate Purchase Strategies in the Seoul Metropolitan Area | Changing Factors Affecting the Real Estate Market | How Long Will Apartment Prices Continue to Soar?
14.
How to Invest in the Changing Stock Market
The 386 Generation Driving Change in the Asset Market | Money Is Flooding the Stock Market | The Undeniable Capital of Retailers | The Fundamental Reasons Behind the US Stock Market's Tenfold Rise | Low Interest Rates Without Inflation | Risk Factors Hindering Stock Market Growth | Bubbles Amid Explosive Growth | Signals of Aggressive Inflows of Large Funds into the Stock Market
15.
How to Invest in Soaring Real Assets
Liquidity-Based Asset Price Surges | The Synchronous Movement of Stock Markets, Interest Rates, Real Estate, and Gold | Real Estate Investment Strategies for Individual Investors
16.
Let go of your prejudices and misconceptions about investing.
The Pitfalls of Long-Term Investment Products | Risks the Unwealthy Must Take | Misconceptions About Investment
17.
How to structure your portfolio
Portfolio for Profitability | Should I Include Foreign Real Estate? | Should I Include Foreign Stocks?
18.
Keep an eye out for new opportunities and first-time products.
Business starts where there's profit potential | Pay attention to new products | Pay attention to new movements in the asset market | Avoid being overwhelmed by information.

“Investment mentor Park Kyung-chul changed my perspective on financial management!”
The bible of financial management, “The Country Doctor’s Wealthy Economics,” which has been highly praised by 500,000 readers,
Meet our readers again with a new cover!

How to overcome the global financial crisis?
“Don’t base your decisions on expectations, look at the principles!”
Deep insights and foresight that will change your attitude towards wealth and investing.
Meet "The Country Doctor's Wealthy Economics" in a new form!

Rave reviews from 500,000 readers since its first publication!
"A Country Doctor's Wealthy Economics" reveals the principles of wealth and investment that country doctor Park Kyung-cheol has learned through over 20 years of success and failure.
Since its first publication in July 2006, it has become an exceptionally long-term bestseller, receiving rave reviews from 500,000 readers.

This book urges us to abandon shallow investment theories and adopt a three-dimensional, macroscopic perspective on economics and finance.
From economic structure and phenomena, interest rate philosophy and knowledge, to how to raise seed money, and real estate and securities investment strategies, you can learn the "basics and principles" of financial management that every investor must know.
The first half contains the basic principles that must be observed and understood regardless of any phenomenon, while the second half contains a long-term outlook on what kind of market will open in the long term based on the social structure.
The author states, “The principles in the first half of this book were written with the hope that readers would read it and add their own interpretations and opinions to create their own standards. The second half contains the author’s outlook on social structural change, so I hope you will use it as a negative example or reference.”


New faces, but unchanging principles!
In October 2011, when the book was republished with a new cover, the author added another comment:
That the manuscript of the first edition was not changed.
It is not an idle stubbornness, but a belief that principles do not change with the times.
“If I were to change the outlook for the latter half of the book to something more plausible and keep revising it to keep up with the times, my book would always be perceived as referring to the present, which would be contrary to the original intention of writing this book.
In other words, this book is one that takes into account both unchanging principles and the constant trial and error that we encounter.”
Today, the Earth is rapidly aging, the vitality of Japan and the United States is rapidly declining, and the economies of developed countries and Europe are ailing, with national finances in ruins.
However, this book emphasizes that in situations like this, “don’t base your decisions on forecasts, but on principles.”
In any case, if you look at the principles, you will see the answer, but if you only look at the phenomenon, you will be shaken like a leaf blown by the wind.
Therefore, I believe that "The Country Doctor's Wealthy Economics" will certainly help readers recognize the importance of principles and make the best decisions based on them amid the dark clouds of the global financial crisis. I would like to express my deepest gratitude to the 500,000 readers who have loved this book so far, and to future readers who will encounter it in the future.


The rich view economic phenomena based on interest rates.
Have you ever been told that savings accounts are the trend, so you broke your savings to join a fund, only to see the stock prices plummet? Or have you ever been told that the basics of financial management is to buy a home, so you took out a loan to buy an apartment, only to be miserable because the apartment price never went up?
If you have such experience, let's learn the basics of investing from scratch with "The Country Doctor's Wealthy Economics."
This book is the first investment book published by Dr. Park Kyung-cheol, a surgeon and also famous by the pen name “Country Doctor.”
His insight and writing skills are already renowned, to the point that it is said that no one in the securities industry can so eloquently express his rich humanistic perspective and market insight.
In this book, Park Kyung-chul points out that the goal of ordinary people in their financial management is to "make 1 billion won," which is causing us to misunderstand and prejudice about financial management. He says that it is more important to develop an eye for economic phenomena than to develop financial management strategies.
The author also states that “a rich person is someone who views economic phenomena based on interest rates,” and in the book, he reveals the economic laws of the rich that ordinary investors should pay attention to in order to succeed in financial management.


How to become rich
The greatest wish of ordinary people in our time is to become 'rich'.
That's why books containing the investment methods of the rich always catch the attention of people who want to become rich.
However, the author says that before finding a 'get rich investing method', you must first understand the following three criteria.

First, establish your own standards of wealth that will satisfy you.
The first step in investing is to consider how much of your total wealth you no longer need to increase.
If you don't want to live your whole life as a slave to money, you need to set goals that satisfy you regardless of how much other people have.
Second, strive to improve your abilities and increase your asset value.
It's important to create skills and work that are stable, long-lasting, and will be recognized for their value in the future, if possible.
It is wiser to become rich by increasing your own value than to become rich by investing.
Third, retirement funds should be approached with the concept of increasing the rate of return on investment.
Especially if you think your asset value is weak, you should definitely approach retirement funds with the concept of ratio.


'Rate of return' is more important than 'many a little makes a mickle'
In both the US and Korea, the investment vehicles that have produced the highest returns on a 1 million won investment over the past 100 years are, in order, compound interest deposits, bonds, real estate, and stocks.
In our country, the best way to make money is real estate, and these days, stocks may seem like the best, but even when evaluated based on 20 years of cumulative returns, compound interest deposits were the best.

So, will compound interest deposits continue to be the best investment vehicle? This is precisely why the author wrote this book.
Even though the United States' basic industrial infrastructure has been largely destroyed, it maintains a vast amount of industrial infrastructure through the value of its holdings worldwide.
The author emphasizes that Korea's existing industrial structure, which relies on land and human resources, will shift to the fourth industrial revolution, namely the investment finance industry, and that financial investment should now be approached with the concept of ratio, not quantity.
The concept of ratio is to increase the rate of return.
If you save 1 million won at an annual interest rate of 5%, it will take 70 years to accumulate 1 billion won, but if you entrust your money to an investment vehicle with an annual return of 15%, the period is shortened to 35 years.

The sector with the highest added value going forward will be the investment finance industry.
When competing for profit over land, the profits go to those who work hard to farm or maintain production facilities, but when making money by rolling money, the added value is distributed according to one's understanding of the economy and ability to handle finance.
If you want to get rich, you need to increase your returns, and if you want to make high-yield investments, you need to see through the flow of money.
The rich are those who have mastered this trend, and this is why you need to know 'The Economics of the Rich'.


An in-depth investment book encompassing economic history and philosophy.
Unlike existing investment books that say, “If you do this, you will make money,” the author describes investment principles and strategies in a way that asks, “Let’s think deeply about this.”
Rather than simply pointing out promising stocks or promising development sites, it helps develop an eye for reading the overall market through supply and demand and price logic.
Furthermore, by explaining investment principles while tracing the development of the economy and industry, the book leaves readers with room for self-reflection, and the author's unique interpretation of money and profound insight into wealth stand out.

This book, consisting of three parts, covers the principles of wealth creation and the investment decision-making logic of the wealthy in Part 1, while Part 2 covers nine basic principles that must be remembered before investing.
The final three parts contain investment outlook and strategies.