The implications of Korea's rapid demographic changes and the country's inadequate retirement planning system are clear.
For life after retirement, you need to manage your assets yourself, not through the government.
Now, we must go beyond just living diligently and live strategically.
Rather than aiming to become rich, you should seek out strategies to 'survive' your own retirement.
It's not enough to just work hard and save money.
This is because the rate of increase in earned income is slower than the rate of increase in asset value.
Therefore, you should focus on increasing your assets such as stocks and real estate.
However, blind investment, which involves blindly following the advice, is extremely risky.
After thoroughly studying and understanding how the economy will develop in the future and how the industrial environment will structurally change, you should invest in a way that suits your personality.
You must be able to draw your own direction for the future.
--- From "Aging Society, Where Are We Heading?"

Asset management has long been the exclusive domain of the wealthy.
High net worth individuals have been paying high fees to wealth management professionals with specialized financial knowledge for investment advice.
But now, even ordinary citizens have awakened to the truth that 'money must make money.'
The need for asset management has been recognized.
However, despite recognizing the need for asset management, the general public has not been able to access asset management services.
As mentioned earlier, receiving investment advice from asset management experts required a significant amount of money.
But now the world has changed.
We have entered an era where even small amounts of money can be easily invested in various asset products, regardless of time or location.
This is because robo-advisors are opening the door to this world.
Digital transformation has brought about an era where even salaried workers can consistently invest small amounts and receive asset management without complicated procedures.
Robo-advisors allow us to earn money even while we sleep.
But am I the only one who rejects digital transformation?
--- From "Wake up your sleeping money and make it work for you"

It is true that many people have made a lot of money in the short term as the stock market has been strong for a while since COVID-19.
But if investors who have experienced high returns in a short period of time without any investment principles or strategies later experience a sharp decline in returns due to increased volatility, will they be able to withstand this and continue investing?
If you want to continue investing steadily over the long term, you need to build a portfolio by combining various assets.
We need to define and separate risky and safe assets, and create consistent returns with low volatility through correlation between them.
Of course, this method is unlikely to yield large profits in the short term.
This is because assets with different properties, such as stocks and bonds, are included in one portfolio.
But the important thing is consistency.
It is more important to generate consistent returns while protecting your principal over the long term than to double your assets quickly.
That's what the portfolio is all about.
Managing volatility and avoiding risk in this way is one of the financial investment methods used by the wealthy.
It is also the investment approach pursued by institutions like Goldman Sachs, which manage massive amounts of funds.
--- From "Principle 3: Manage Volatility"

Just like real estate, stocks should be something you can invest your entire life in, risking your entire fortune.
Even if you invest small amounts of spare money in the stock market, it is difficult to actually make a large profit, no matter how high the rate of return is.
Even if you see profits in the short term, it is difficult to consistently generate profits in the long term, so there are many cases where profits eventually become zero.
In short, to make money in the stock market, you need to invest by increasing the principal itself, just like in real estate investment.
Rather than investing with spare funds with the mindset of "if I win, it's good, if I lose, it's okay," I need to be able to risk all of my liquid funds.
This change in thinking can make us rich.
How many investors actually believe they can lose money investing in real estate? So why do we assume they can lose money in the stock market? The simple answer is that it's due to market uncertainty.
This mindset itself acknowledges the speculative element that can lead to losing money.
Rather, since I am investing my entire fortune, I must be determined not to lose it.

--- From "Why You Should Invest with Your Entire Fortune"

Rather than focusing on unconditionally high returns, you should focus on protecting your assets well and generating consistent returns.
Rather than focusing on returns, you should focus on knowing how much risk you can tolerate and diversifying that risk as much as possible.
Focusing your investment perspective on 'risk management'.
This is the investment method of high net worth individuals.
High net worth individuals are fundamentally more focused on not losing money than on making it.
Then, focus on slowly letting it out.
To do that, you allocate your assets.
Rather than investing 100% of your assets in individual companies, you create a portfolio that divides your investment ratios into stocks, bonds, gold, real estate, etc.
Of course, the rate of return is bound to decrease during the asset allocation process.
Because I diversified my investments.
But let's think about when the crash came.
It is important to remember that the purpose of asset allocation itself is to reduce losses in a market crash.
Instead of chasing the dream of a "one-hit wonder," if you invest with the goal of "accumulating assets over the long term," you can generate sufficiently stable returns through diversification.
The problem is investors who are not satisfied with these returns.
--- From "Make an investment you absolutely must protect"

The magic of compound interest is not a difficult economic concept, but in reality, it is less common to put it into practice and reap the benefits.
The reason is simple.
Because the amount is small at first, it is difficult to feel that you have made a large profit even if the interest increases.
In the end, most people end up giving up halfway.
However, if you invest consistently and patiently, at some point your investment will grow into a huge sum.
Let's take a simple example.
Today, too, many people are drinking coffee out of habit.
To shake off the morning fatigue on the way to work, to take a short break after lunch, and to chat with colleagues while drinking coffee.
Coffee has literally become an unconscious part of our daily lives.
Because of this, everyone has probably said this at least once.
“If I had saved money on the coffee I drink every day, wouldn’t I have been able to buy a car?”
The amount of money we spend unconsciously on coffee can add up to a considerable sum, but how much would it actually cost if we accumulated the money we spend on coffee we habitually drink?
According to the International Coffee Association in 2018, Koreans consume 512 cups of coffee per year.
If you assume the price of a cup of coffee is 5,000 won, you are spending 210,000 won a month and a whopping 2.56 million won a year.
It's a pretty big amount of money.
But since you can't completely avoid coffee, why not try cutting back to just one cup a week? That would save you 190,000 won a month.
If you save this money every month for 45 months, you can save about 8.55 million won.
What if you invested in an investment product that yields a 9% annual return? The interest alone would be 1.65 million won, bringing your total savings to 10.2 million won in 45 months.
If you consistently save even a small amount of money, such as the cost of a cup of coffee, you can accumulate interest and save a lot of money.
Because you can enjoy the magic created by time called compound interest.

--- From "You can become rich for the price of a cup of coffee a day"