How can I live without worrying about money?
"Savings are the only answer? Or a quick hit with stocks?"
Teenagers, it's time to wake up from financial illiteracy!

The days of receiving allowance from parents and saving it little by little in a bank account are over.
With the stock investment craze sweeping the youth, parents are also taking an early interest in their children's economic education.
It is time to go beyond simply ‘money management’ and learn ‘financial management.’
In fact, commercial banks are revealing their desire to secure future customers by launching financial platforms specifically for teenagers.
One bank's teen-focused card reportedly sold 100,000 cards within a month of its launch, while another youth-focused financial service reportedly attracted a million cumulative signups within a year.
So how much do teenagers know about money and finance?

This book is a friendly and thorough introduction to economics for young people who are interested in money and finance but skip the basics and rush into practice, or for financially illiterate people who only know how to save.
From the gold coins of King Croesus to today's cryptocurrencies, we explore money, the foundation of the economy, and cover everything from banking, stocks, bonds, investments, and financial planning to how to literally save and grow slowly.
Rather than providing superficial tips, it teaches you how to develop an eye for reading economic trends, understand your financial situation, and cultivate the power to proactively plan your future.

As our living environment becomes more complex by the day, the risk of making wrong decisions increases.
In the past, when choosing a financial product, you only needed to know about time deposits, regular savings, and regular deposits.
Now, there are so many different types of products, and their characteristics have become complex.
If you invest incorrectly without knowing, you run the risk of losing all your seed money, not to mention making money.
Seed money is a portion of money that has been set aside and saved for a certain period of time, and is used as a starting point for better investments or purchases.
But if you don't know much about finance, you'll end up making bad choices, and those bad choices will end up ruining your life.
Greenspan said that financial literacy is like a compass or GPS for navigation in life.
In an age where finance has become a part of our lives, not knowing about finance is like being blind, which is why we call it financial illiteracy.
--- p.20~21

But with the advent of cryptocurrencies, people have come to realize something profound.
I am convinced that invisible electronic signals can be used as a means of payment that can freely cross borders.
So, central banks of various countries are trying to issue digital currencies using blockchain technology.
If a central bank digital currency is issued, its value will remain stable, unlike Bitcoin.
Although it has no physical form, the country will guarantee its value, just like the banknotes and coins currently in use.
What will happen if the use of such digital currencies becomes widespread? Naturally, the use of physical banknotes and coins will gradually decline.
--- p.52

Insurance was created to prepare for future risks, but there are insurance products that add investment features to their original functions.
You might think that an insurance product that both prepares you for risk and allows you to save money is better, right? Strictly speaking, that's not true.
The value of currency decreases over time, but insurance contracts are generally long-term.
Since the currency value at the time of receiving the insurance money is lower than the currency value during the period of paying the insurance premium, the actual investment return is often negative when considering fluctuations in the currency value.
So, it is wise to only consider insurance as a hedge against risk and invest in products with high real returns.
--- p.81

I'll give you some useful information to consider when weighing profitability and safety.
It's not a rule that must be followed, but it's called the '100-age rule'.
When investing in high-risk financial products like stocks, you should limit your investment to the amount calculated by subtracting your age from 100, and leave the rest of your money in safe financial products like deposits.
When people living off their pensions after retirement ask me for good stock recommendations, I advise them to save safely and reduce their living expenses.
If you're young, even if you invest and lose money, you can still save money because you'll still have income.
Also, through the experience of loss, you can develop a cool-headed and meticulous investment attitude, which can be a blessing in disguise.
But when you suffer losses as you get older, the heartache increases and it even harms your health.
--- p.113

Before drawing, you usually first think about what you want to express and how. There's also work to be done before choosing a financial product.
Financial planning.
Financial planning is the process of setting financial goals and then considering your income to create a plan for managing your money, including spending, saving, growing, and dividing it.
Financial planning can help you avoid unnecessary spending and save money efficiently.

--- p.135~136