Money Planner: Creating a Happy Future Free from Money Worries
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Description
Book Introduction
Financial freedom, starting in your 20s and retiring in your 40s.
A project for a 20-something office worker with an annual salary of 50 million won and annual living expenses of 30 million won to retire in his 40s.
Assuming you spend 50 million won per year after retirement, the total amount of money needed for retirement according to the 25 rule is 50 million won X 25 = 1.25 billion won.
If you save 2 million won per month with a 10% annual return through monthly compounding, you can retire with a total FIRE reserve fund of 1.37 billion won after 20 years.
According to the 4% rule, if you apply 4% to 1.37 billion won, you can withdraw 54.8 million won annually, or 4.57 million won per month, and enjoy a free retirement life without income for 30 years.
FIRE (Financial Independence and Early Retirement) is a journey to break away from the cutthroat competition and outdated practices and pursue a life “beyond money.”
This book covers everything you need to know about FIRE, from your mindset and values about money to setting goals, planning your journey, and how to achieve them.
In particular, the format in which the author guides the readers as if he were directly facing them and having a conversation is special.
Additionally, the worksheets that allow readers to write and reflect on their savings and investment plans, the abundance of examples, and the various tips make this book stand out for its uniqueness and usefulness.
The faster the fire, the better.
Let's start right now.
A project for a 20-something office worker with an annual salary of 50 million won and annual living expenses of 30 million won to retire in his 40s.
Assuming you spend 50 million won per year after retirement, the total amount of money needed for retirement according to the 25 rule is 50 million won X 25 = 1.25 billion won.
If you save 2 million won per month with a 10% annual return through monthly compounding, you can retire with a total FIRE reserve fund of 1.37 billion won after 20 years.
According to the 4% rule, if you apply 4% to 1.37 billion won, you can withdraw 54.8 million won annually, or 4.57 million won per month, and enjoy a free retirement life without income for 30 years.
FIRE (Financial Independence and Early Retirement) is a journey to break away from the cutthroat competition and outdated practices and pursue a life “beyond money.”
This book covers everything you need to know about FIRE, from your mindset and values about money to setting goals, planning your journey, and how to achieve them.
In particular, the format in which the author guides the readers as if he were directly facing them and having a conversation is special.
Additionally, the worksheets that allow readers to write and reflect on their savings and investment plans, the abundance of examples, and the various tips make this book stand out for its uniqueness and usefulness.
The faster the fire, the better.
Let's start right now.
- You can preview some of the book's contents.
Preview
index
Author's Note
How to use this planner as a guide
Chapter 1: Introduction to Fire
- What is fire?
- Why should we pursue fire?
- Who can achieve fire?
- When should I start?
Chapter 2: Fire Mindset
- Belief in money
- Adjust your behavior
Chapter 3 Fire Value
- Why you need to know your fire level
- fan
- Cash flow
- Net worth
- Save time using technology
- How to track your fire stats with technology
- Fire equation
- Definition of economic independence
Chapter 4 How to Achieve Fire
- Focus on economic independence
- Magical Welfare
- Developing new habits
- Saving for Fire
- Investment for Fire
- Real estate investment for fire
- Entrepreneurial activities for fire
Chapter 5: Fire Plan Design
- Getting started
- Start with a purpose in mind
- Outline your fire strategy
- Draw a diagram of fire milestones and celebration points.
- Take proactive action
- Evaluate, adjust, and achieve results
- Achieve desired results
Chapter 6: What to do after achieving Fire
- Congratulations!
- Early retirement
- After the fire
Glossary of Terms
Translator's Note
Search
How to use this planner as a guide
Chapter 1: Introduction to Fire
- What is fire?
- Why should we pursue fire?
- Who can achieve fire?
- When should I start?
Chapter 2: Fire Mindset
- Belief in money
- Adjust your behavior
Chapter 3 Fire Value
- Why you need to know your fire level
- fan
- Cash flow
- Net worth
- Save time using technology
- How to track your fire stats with technology
- Fire equation
- Definition of economic independence
Chapter 4 How to Achieve Fire
- Focus on economic independence
- Magical Welfare
- Developing new habits
- Saving for Fire
- Investment for Fire
- Real estate investment for fire
- Entrepreneurial activities for fire
Chapter 5: Fire Plan Design
- Getting started
- Start with a purpose in mind
- Outline your fire strategy
- Draw a diagram of fire milestones and celebration points.
- Take proactive action
- Evaluate, adjust, and achieve results
- Achieve desired results
Chapter 6: What to do after achieving Fire
- Congratulations!
- Early retirement
- After the fire
Glossary of Terms
Translator's Note
Search
Detailed image
Publisher's Review
Make money work for me,
I spend my time and energy with people I love and engaging in meaningful activities.
Technological advancements and global trade are increasingly devaluing labor.
Additionally, organizations continually demand self-development and new value creation.
It's no longer easy to maintain a job using traditional methods.
Even the number of cases of people returning to work after retirement is increasing.
Also, if you have to work until you die by the age of 65, you are leaving the golden years of your life to someone else.
All of this has fueled a surge of interest in financial freedom and early retirement.
Beliefs〉Actions〉Results
All results are a product of actions, and the hidden reason behind one's actions is one's beliefs.
The first thing we need to do to achieve financial freedom and early retirement is to correct our beliefs.
We must abandon beliefs about money that limit our growth and development and embrace beliefs about money that foster our growth and development.
Based on this, you can control your actions and measure and evaluate the results.
Now that you've determined your FIRE amount, you've developed a better understanding of interest rates and capital markets, you can start to monitor your spending and decide how you want to save and invest.
Here, we must not forget the magic of ‘welfare’ and ‘diligence’.
You should also become familiar with various numbers and rules commonly used in the FIRE journey, such as the '4% rule', the '25 rule', and the '72 rule', as well as some financial and capital market terms, such as active income, passive income, cash flow, net worth, debt, and return on investment.
There is no need to be afraid.
The author has made everything as easy to understand as possible for first-time readers, and through interactive menus such as 'Worksheets/Journals', 'Case Studies', 'Fire Tips', and 'Did You Know?', he educates and guides every step of the way to FIRE.
But learning is not a passive activity.
Reading alone is a good start, but writing down your thoughts and intentions with a pen can help you develop more realistic plans and put them into action.
We can't delay any longer.
Now is the fastest time.
I spend my time and energy with people I love and engaging in meaningful activities.
Technological advancements and global trade are increasingly devaluing labor.
Additionally, organizations continually demand self-development and new value creation.
It's no longer easy to maintain a job using traditional methods.
Even the number of cases of people returning to work after retirement is increasing.
Also, if you have to work until you die by the age of 65, you are leaving the golden years of your life to someone else.
All of this has fueled a surge of interest in financial freedom and early retirement.
Beliefs〉Actions〉Results
All results are a product of actions, and the hidden reason behind one's actions is one's beliefs.
The first thing we need to do to achieve financial freedom and early retirement is to correct our beliefs.
We must abandon beliefs about money that limit our growth and development and embrace beliefs about money that foster our growth and development.
Based on this, you can control your actions and measure and evaluate the results.
Now that you've determined your FIRE amount, you've developed a better understanding of interest rates and capital markets, you can start to monitor your spending and decide how you want to save and invest.
Here, we must not forget the magic of ‘welfare’ and ‘diligence’.
You should also become familiar with various numbers and rules commonly used in the FIRE journey, such as the '4% rule', the '25 rule', and the '72 rule', as well as some financial and capital market terms, such as active income, passive income, cash flow, net worth, debt, and return on investment.
There is no need to be afraid.
The author has made everything as easy to understand as possible for first-time readers, and through interactive menus such as 'Worksheets/Journals', 'Case Studies', 'Fire Tips', and 'Did You Know?', he educates and guides every step of the way to FIRE.
But learning is not a passive activity.
Reading alone is a good start, but writing down your thoughts and intentions with a pen can help you develop more realistic plans and put them into action.
We can't delay any longer.
Now is the fastest time.
GOODS SPECIFICS
- Date of issue: June 19, 2025
- Format: Hardcover book binding method guide
- Page count, weight, size: 192 pages | 288g | 165*223*20mm
- ISBN13: 9791191528299
- ISBN10: 1191528294
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