How much do I need to save to live on a monthly dividend of around 200 ? You just need to aim to save 300 million won . If you approach the age of 55 or your 60s, you start looking toward retirement, and the problem at this point is . He spent too much money on his children, so he has n't prepared well for his own retirement. Then, I will tell you about the five-year plan that can be done at this stage . Hello. This is Park Seon-young from Knowledge Class, delivering real knowledge that schools don't teach . Whenever we think about preparing for retirement, we always have this thought. Just how much do I need to save up to live comfortably and with peace of mind? Today, we have invited writer Park Kkomi to be our economics teacher, and we will learn step-by-step where to start and how to prepare for retirement . Hello, author. Nice to meet you. Uh, first of all, I’m going to call you Writer Park Kkomi. Could you please introduce yourself briefly? Yes, I worked at a financial company. While experiencing what it's like to be a financial advisor, I wondered, "Why are only the rich doing this great thing?" I've often thought that I wish people who have lived ordinary lives like me would be targeted in the right way . I was wandering a lot because I wanted a job where I could make myself known. God Google created YouTube for us. I became a YouTuber. So now I'm running a personal YouTube channel. Uh, I am writing books, giving lectures, running classes, and operating an investment advisory firm. Why should good investment advisory services be limited to the rich? You mentioned that even ordinary people like me need to know this, and it sounds like you have seen many people change for the better through your investment advice. When providing counseling, I often deal with wealthy people . The conversation with them is focused on managing risk . Because they are well-off enough to make a living, the rich actually are n't that impatient. Then, what would you like me to do? I'm asking about things like what I consider to be the worst-case scenario when I make this investment . There are very few people who are that aggressive, more than you might think . But on the other hand, friends and acquaintances are constantly getting involved in penny stocks first, getting wiped out, and dealing with all sorts of issues regarding whether or not the trades are going through. Oh, my heart hurts. Ah yes. yes. So I really wondered why there were so many of them . But when I leave that profession, I look at the records of those who open pension accounts and consistently deposit a portion of their salary into them . It is tremendous. Because the power of time is truly tremendous, investors who generate excess returns and alpha through genuine skill... It's really just a part. For the vast majority of people. You have to invest passively . I need to engage in passive investing, where the market cries out and gives it to me, rather than investing that I create . And regarding investing at that time, the most representative approach is to utilize the existing tax-saving accounts to invest in a combination of ETFs, contributing a portion of your monthly salary to maintain your current lifestyle while simultaneously building this up to serve as a backup plan for your future. Let's set that as the most ideal strategy. The person who is going to make a lot of money anyway. They are people who bet large sums of money and take on a lot of risks. It is a very small number. Don't even think about burning it out with 100 million won . I pursue the values ​​of life, spend quality time with my family, and manage to build a successful career doing whatever I want to my heart's content, but on one hand... I keep pouring in part of my salary . I believe the best way for ordinary people to utilize investment is to create an era that can fill the void when I eventually become unable to work. Generally, investing in indices also aligns somewhat with the method you are about to explain, right? That is also what SP 500 means . I am also curious exactly what kind of investment that is and why people say to invest in the SP 500 whenever we talk about retirement . The SP 500 is a collection of 500 leading American companies, you know . Since the country is so big, even if you gather just the representative companies, there are about 500 of them . Then you just live in America . You might be wondering why we need to include the U.S. when we need to prepare our own oars . The reason is. This is because he is the only friend who has provided good returns for such a long time, has grown sufficiently, is reliable, and does everything well. After all, what we can trust is the past records. I do n't know how long the rest of my life will be, so if I'm going to entrust a significant portion of my investment capital to them for that long period, they need to have a good track record. But even though it is a national index. No country has ever provided a return of over 10% for such a long period, with an average annual return of over 10%, around 13%. There are no days like that. Since there are no such days, we basically have no choice but to proceed with it . Next, when looking at the risk, SMP 500. Even if you just take off a specific part, it takes about 10 years. The loss risk appears in single digits. One digit. It feels like almost zero in terms of actual experience . If you extend it to practically 20 years, it is actually 0. The risk of loss is zero. It is not logical to think that the future will be different just because it was the way it was in the past. There is no possibility that it will cause me a loss if a lot of time passes while we are currently setting up the investment. And yet, SP is an absurd asset that yields an average annual return of over 10 . When you think about an average annual return of 10, it is a completely different concept from a temporary return of 20% or 30% . Mr. Oren Buffett is about 25%. Teacher Peter Ji is 29%. The fact that the index exceeds 10, representing a tremendous rate of return comparable to Mr. Ollen Buffett, means that the reason so many Americans became pension millionaires is not because they invested well, but because they invested . Then, there are people who prepare for their retirement pensions by investing in the SP 500 and ETFs and receiving dividends . You calculate it to some extent like, "I'll receive about a month later ." If it is 200 per month, is it better to receive the 200 solely from dividends, or to combine the returns and subtract the 200 to secure the remaining funds for expenses? Which is a more realistic option? Because the questions are so clear that the answers are practically obvious. The method Americans chose to cover up the fact that the oars had become incredibly long was... You are practically forced to set aside 10% of your salary to invest in a 401k, and it really gives you a lot back . Once you have grown it, please use this to sell and use the concept of self-dividends later . Otherwise, they have given you the option to convert this into an income-generating asset and buy it to receive dividends . The latter is closer to the answer. Ah, you have to do it with only dividends and not touch the principal . yes . Actually, too. Taking the principal I saved up and using it. Most people cannot do it because it is painful . It is painful to watch the money I have saved my whole life dwindle . I can't spend a lot of money after I get old. Just leave the large sum of money in the account as is . I live a poor life. So, what you need to do is, while you are growing, you need to make many investments that can help you grow, such as the CNP 500, RASTAQ 100, KOSPI 200, KOSDAQ 150, etc. Later on, you must convert all accumulated money into income-generating assets and use only the dividends . This is when assets like bonds, REITs, high-dividend stocks, and covered calls come into play as income-generating assets that we need to choose . When considering our environment . The high-interest rate clock has returned. And interest rates in Korea are much higher than in the U.S. From an investment perspective, I believe that even without holding the S&P 500, you can receive sufficient dividends and cover the costs. It is now approximately September 2026. It is very easy to receive 6% when setting up the dividend right now. How is it possible so easily? For example, let's divide it into four types of assets . I've divided them into Korean stocks, Korean bonds, US stocks, and US bonds . I include high-dividend stocks in Korean stocks . There are also ETFs that pool global income assets. You can add that, then Korean bonds, and if you're going to include US stocks, you can mix them up like this. The current interest rate situation makes it easy to create. So basically, I mentioned that using SP 500 doesn't pay out much in dividends. A method Koreans use well is to be called a dog diligently until retirement . After retirement, the situation may be different, but you will have to convert the assets grown through stocks into income-generating assets and live solely on dividends. That way, you can live a long life without worry . So, for those who want to receive a monthly dividend income after retirement, how much should they save to receive around 200 per month without touching their principal ? Based on what we are experiencing right now. You just need to aim to save 300 million won . The reason I am mentioning 300 million is . I think it is money that anyone can save. I tried to keep it to a minimum. If we add up all the money we receive while working at the company, it amounts to 1 to 2 billion won. Anyone. Among them, it is important to save up steadily to make 300 million won as funds for old age. When you make 300 million won, if you set the monthly dividend to around 6% as I mentioned earlier, you would get 1,800 a year, right? The fact that it comes out to 1,800 a year means that 150 is added per month. So, typically, if many people diligently enroll in the four major social insurances from the moment they join until they leave the company, they are basically guaranteed National Pension coverage. Because the National Pension reflects inflation, no matter how much it becomes later . The National Pension Service is providing an amount of money that we can currently feel the impact of. Basically, it eliminates the possibility of us becoming poor . What we gain from that is important. Once the National Pension is established, you need to build the retirement pension as the first layer. Regarding retirement pensions, you receive the severance pay that accumulates somewhere while you are working, and you submit it to an IRP when you eventually leave the company . You will receive your severance pay through an IRP . If you receive this pension, you can convert it into a retirement pension. You convert the money you have into a dividend portfolio at 5% or 6%, for example, and apply to receive the amount from the dividend . So, we set it up to receive the funds while protecting the principal as much as possible . After you have accumulated the retirement pension on the second floor, you must accumulate the private pension on the third floor last . Private pensions come in two forms: Pension Deposit and IRP . This is literally an account that I have to open with a financial institution myself and deposit from my salary. With the money saved like this, you need to set it up so that you only receive dividends later, just like receiving a pension . Ultimately, the money we need to spend is being covered by a 2 billion won pension—it is a pension coming from a lump sum that is invisible to my eyes . Once the national pension is established, we can do the calculations. If I ask my senior about the severance pay I would receive if I had worked at this company for a long time, it comes out. You know, it comes out to 100 million, 200 million, or even 300 million for big companies. You're setting it up at 6% with 200 million won. Then, the retirement pension is added on top as a monthly dividend, right? Lastly, regarding the pension IRP I've been diligently saving for to receive tax deductions, everyone has one now, and the amount isn't small, is it? You will truly and sincerely save up for a pension. Because they are talking about ten million pension accounts. You gather those funds, apply for the pension plan, and stack these three to create a three-tier pension. The important point is whether the total is 100, 200, 300, 400, or 500 . When setting up and preparing for a pension, the basic mindset is not to take what you have saved, but to create a system where you can accumulate a certain amount when you convert your savings into dividends. From that perspective, there are the first and second tiers that can basically be compared: severance pay and the national pension . As a result, if you make the 3rd floor dog at the very top worth 300 million, you can have a very wealthy sunset . There are really many types of ETFs when investing . They are essentially the same thing, but the brands overlap. Which one should I choose ? When you first pick it up, it looks too difficult. yes . Many of you will probably hesitate a bit there . If I could buy individual stocks, I would have just bought stocks of representative companies, but with ETFs, you can buy as much as you want, and there are no limits on the number or the frequency of trading . The number of possible cases becomes infinite. So, I don't think everyone will be able to execute it . I need to decide this for you. People like me. Now, the Yeonggeum Festival has begun. Then, the basic amount we can put in per month is... You put in up to about 50. Given the atmosphere these days . Business owners also try to include almost all of this. That is because there is nothing better than this to receive tax benefits when filing your comprehensive income tax return in May. You'll end up diligently depositing 50 a month to reach 600 a year, but it's a bit awkward to suddenly open the port after depositing the 50. I will arrange the order of the five types you can choose from . Okay, first up is. You are buying MMF. These are the things that come up if you search for "money market." Basically, the pension account continues to provide an interest rate roughly equivalent to that of a parking account . The scary thing about pension accounts is that if I don't do anything, they just sit there as cash. Since it provides nothing and you absolutely must not just leave it alone, buying an MMF is basically the first easy investment. The next option is the TDF product group. TDF is... It is difficult to make the kind of stable portfolio investment I want to do here, mixing various difficult assets. Outsourcing this entirely is called TTF. Ah, so someone is buying it for you. yes . Instead, they manage everything for you. And the main focus of the operation is to manage the pension account so that it can grow slowly . And TDF basically uses SP 500 for almost all of it. Now, regarding that TDF, it is when we go in to buy ETFs or search for what to buy after putting money into our pension . If you search for the three letters TDF, regardless of whether it is a regular fund or an ETF... It comes out continuously. You can buy any of them . However, the year is attached after TDF . Numbers like 2045, 2050, and 2060 are attached . This is a guide suggesting that it would be good for people who are likely to retire in these years to choose . Then, to find out when I will retire, just think of your birthday and add 65. Well, numbers like 2045 and 2050 will come out. It adjusts the ratio to suit long-term investment for someone who is likely to retire soon . Please put a lot of stocks into the stocks for the young ones . When that person actually gets older, they will be given stocks. TDF is what does that work for you . So, after MMF and TDF, what should I do next? Now, the third one is. I'm serious about investing now. Now that my pension fund has grown to the tens of millions, I feel like I want to try doing it myself . So, the time has finally come to allocate assets. As for asset allocation. It refers to a strategy of creating a portfolio by combining several ETFs and managing investments while maintaining the allocated ratios . Now, the standard portfolio for doing this is 6 to 4. I have a portfolio of 6 stocks and 6 bond companies . If you are wondering what to buy, just buy the SP 500. You don't need to worry too much about the brand in front. Well, there is really no need to worry about Daigo, Codex, Plus, Rise, or Kiwoom . But wouldn't there be something like that? If you need to sell well and buy well, you should focus on areas with high trading volume. Well, isn't there really any need to do that for something like this ? hmm. There is absolutely no need to worry about that here. We were comparing them too much, so we went to the convenience store and kept saying things like, "This one is 100 won more expensive, this one is more famous, and they say the products here are good," and we didn't buy water for 10 minutes . I think it's better to just buy it and quench my thirst quickly. The market is quite large, around SP 500. In a market with ample liquidity, there is actually no need to do that. We are concerned about things like discrepancies or tracking errors, but those tend to occur in commodity sectors with a lot of futures or sectors with low trading volume; you don't need to worry about this side at all. okay. So now, I’m going to allocate 60% to the S&P 500. If I put in the S&P 500 and it’s around 6 million won, that’s fine, but if later it drops to just a few thousand won and I think I need to split it up, then I can just add something like the NASDAQ 100. And then you just need to add the KOSPI 200 to that . It would be sufficient to simply expand your index portfolio by adding the KOSDAQ 150 for Japan, the Nikkei Duduro for China, the CSI 300 for China, and the VN30 for Vietnam, just to diversify across countries . When holding bonds, the 70-year U.S. Treasury bond is the most standard. When depositing money in our country, the 3-year government bond becomes the standard. If you choose an ETF with that name, you can easily complete the 40% bond allocation. Another good tip when investing in domestic bonds is that there is an ETF called a Comprehensive Bond ETF. They have made it well by mixing good and high-quality international products. Since it is designed so that there is no need to worry, that can also be a good alternative. So I don't want to worry. You can easily cover 40% by including the comprehensive asset management e-tap . So, it becomes a concept where I personally configure the ports in a 6:4 ratio . If there is an advantage over using TDF, it is that I did more of the cooking myself . It's cheap. These days, ETFs are offered at such low prices. So, by making it with my own hands using very cheap materials, I can build a boat that allows for the realization of an investor's self-worth . You told me that when dividing 60 to 40 and filling the 60 with stocks, I should do SP 500 first and then build on top of that. Wouldn't the ratio within that be very important ? Now, from the shoulder. We do it in accordance with the market capitalization, though. I do n't need to go that far. Because we are individual investors. If you allocate about half to the US, it would be fine to maintain the ratio by filling in the remaining half . enough. yes . Even if you invest in the SMP 500, there are domestically listed ETFs, and you can also invest in US ETFs. In this case, considering taxes and currency exchange as well, what criteria should I use to make a wiser choice? Let me tell you the conclusion first . If the amount is really small, US ETFs. People with good fortune who are not like that use domestic ETFs. And if you have too much money, US ETFs. That is the conclusion. For most people, domestic is the right choice. For domestically listed cards like Tiger, Codex, Plus, Rise, Ace, etc., the size doesn't matter here. You probably won't need to look at the difference in compensation right now. It's at a level of 0.00 00 or something like 6, so there's nothing to worry about here. Ultimately, the important thing is that buying domestically listed ETFs that invest in the U.S. is advantageous for most people. If the listeners haven't really given it much thought either, this is more advantageous. First of all, the first advantage you gain is... It goes really well with tax-saving accounts . Now, if we make money by investing in the U.S. using domestically listed ETFs... You have to pay 15.4 on the profit. However, if you do that through a tax-saving account, you can avoid paying or resolve many issues through tax breaks. So, in our environment where ISAs, pension savings, and IRPs are established like this . For most office workers, it is much more advantageous to receive tax deductions and utilize tax-saving accounts. Okay, now let's move on. The biggest feature of buying US ETFs is that the taxes are different . Now, the difference in taxes is that when looking at the profit, you do not pay tax up to 2.5 million won, but if it exceeds that, you pay 22% . So, just by listening, if the amount is small enough that you can afford not to pay, this place is more advantageous, but if the income tax rate is high enough that paying 22% is more beneficial, then this place is more advantageous. And aside from that, in terms of exchange rates, we should actually consider that there are no longer any favorable aspects . This is because even domestically listed ETFs are now all exposed . The fact that it is exposed to the market means that while investing here, the exchange rate has dropped significantly. The point is that if you want to invest on a dollar basis, you don't necessarily have to go to the U.S. because that is fully possible with domestic ETFs . Ultimately, the biggest difference between the U.S. and the domestic market lies in taxes, and even if you decide based solely on those taxes, it is now a sufficiently good choice. So, if the investment amount itself is small enough that it is advantageous to avoid paying taxes if the profit does not exceed 2.5 million won, this will sufficiently apply even up to a few thousand won . In that case, if you use US ETFs... You can start with the tax guide and then sleep . Even if 22% is advantageous despite paying capital gains tax, those with higher annual salaries quickly move up to the 24% or 35% brackets based on domestic comprehensive income tax standards. If those people think it is better to pay 22%, then it is better to go with the US market. You can assess the situation based on your criteria for how much you intend to invest. When stock prices drop significantly, many people flock to ETFs because dividend yields appear high and they believe now is the opportunity to buy cheaply. In such situations, how can one distinguish whether an ETF is truly worth buying? First off, covered calls aren't very good. As for the covered call strategy itself. It is not advantageous in terms of long-term returns. The opportunity cost I lose is as great as the dividends I receive. So, actually, covered calls are. You can think of covered calls as a product that is perfect for those entering retirement who need to increase their dividend yield, and for using as a seasoning when building a dividend portfolio. So, basically, you have to set covered calls aside when thinking about this. When looking at dividend yields in order of highest to lowest, what matters is where the money paying us dividends comes from. Good sources of dividends are corporate dividends, rental income from real estate, and interest from bonds . Now, these three are. It is not about accepting what is created in the options market like this, but rather, even if the market shakes and causes significant volatility. They are assets that have incentives to ensure they continue to be released, assets that are bound to keep coming out, and assets that can be expected to be released steadily. So, if we add bonds, high-dividend stocks, REITs, and now covered calls, we can call this an income-type asset class. It is important to check if high monthly dividend yields are well-represented among these income-type assets . So, for example, there are U.S. bonds and Korean bonds, and the U.S. bonds pay a higher monthly dividend. It means it's a good choice. This time, between US high-dividend stocks and Korean high-dividend stocks, oh, Korean high-dividend stocks pay more. Comparing these and making a choice is a good choice. But on the other hand, the fact that attaching covered calls to US indices provides high returns means that what is being shown here is not dividends, but rather all option profits . I do n't think that is a better dividend source than this. Even if it's a little better than this. So now, people view high-dividend stocks, which pay out large dividends, as better . The source is important. Because I have to keep receiving it. The method for comparing the sources is very simple. We have two sites called Fun in the search bar. If you go in there, there are so many people looking at dividends these days . It shows how much the monthly dividend is and the current expected monthly dividend yield I would receive if I bought this at the current price . Consulting services are available in order from highest to lowest. If you keep doing that, you'll find some on top that have a bit of flavor already. Now, there might be a lot of distance left for cover, or the stock price has dropped too much. There is a lot of illusion that the dividend yield has gone up not because more dividends were paid out, but because the stock body has fallen too much . Putting that aside, the friends who give normal dividends and normal income just pop up. As I mentioned earlier, if the dividend sources are dividends from companies, interest from bonds, and rent from securities, then it is fine . If you select and combine a few of those, you can set up a monthly dividend with a very high dividend yield right now. Uh, you explained in great detail even the methods that can be put into practice immediately . If you were to divide the figures into those in their 20s and those nearing retirement, the ratios would likely be a bit different, wouldn't they? Ah, the two are completely different investments. Right? If we were to compare the two in an extreme way . Since I have no experience with itemized investing, I invest as if I were drinking alcohol . I just ate without knowing how much I would drink, got frustrated, and oh, I shouldn't have told you about my drinking history . So you drink that much. Did n't everyone do that the first time they drank? When I first started drinking, I wondered, "Is this how you're supposed to drink?" I just said something unnecessary. That is true, but what I want to say is... There are only people who don't drink and people who drink a lot. The concept of moderation becomes hard to find. People who are just starting to invest really have trouble finding that "just right" point . So, friends in their 20s too. There are really a lot of friends who don't invest. I mean, if I'm going to take the plunge, I might as well make it thrilling, so there is triple leverage available . The answer is in the middle. Nowhere in our financial history. There are no cases of success at either extreme. You have to find it in the middle. To find that middle ground, friends with triple leverage need to put in the effort to pull it down while reading like this. I absolutely cannot invest. If you see a friend who keeps only looking at savings, you need to pull them out and tell them to be brave . You need to bring them together in the middle, so when I meet people in their 20s, I want to tell them this. The SP 500 is about 13%, and as for the NASDAQ. You can expect a return of up to 18% . So, right now, the most important thing is to get this investment executed. When doing this, just create one ISA. Putting in about 500,000 won a month, 100,000 won for pension savings, and using the 400,000 won to buy SP 500 ETFs—you need to get this out of the way first. Then, will more time pass? If these friends approach the age of 55 or 60, they begin to look toward retirement, and the problem at this point is this : He spent too much money on his children, so he has n't prepared well for his own retirement. However, there is plenty of severance pay accumulated. Then, let me tell you about the five-year plan that can be done at this stage . Five years is enough. For now, at that time. My salary is high because I don't have much time left until retirement. And in many cases, it is because the children have already grown up, become independent, or have already resolved such matters . I can prepare quite a bit of money for my aging body, more than I thought . So, here is how to use it. I opened two accounts, an ISA and an IRP, and invested 20 million won into the ISA . I am investing 18 million won into the IRP . And I do that for 5 years . As for the portfolio inside. 6 to 4 is good enough. You can also use TDF. Or there are also ports called research ports. You can invest by building a portfolio into an ETF using that. I put 1,800 into the ISA 2,000 pensioner's axis . It becomes January 1st. There are only a few months left. As soon as the year changes, I put it back in exactly as it is. But the money to put this in. It's usually somewhere . It exists in various forms, such as savings deposits, savings insurance, or simply as cash held in a CMA . If you don't have this, if you put 1.67 million won into an ISA and 1.5 million won into an IRP each month, this money fits perfectly. The two together are a little over 3 million won. It means it is a section where you can work in that salary range . I stick close at hand for the sake of my anger . Now, if you get accepted for 5 years. Basically, the money I put into the IS account exceeds 100 million won. And since you have made stable investments for five years, there is a very high probability that you will have a profit . It will be 100 million plus alpha. Pension savings or this IRP as well. It ends up containing 9,000 plus alpha. First of all, the money I invested is close to 200 million won, and since there is additional profit attached to that, a sum of several hundred million won has been created . Now, at this point, we sell all the ISAs inside. Cancel. After canceling, I transfer this lump sum of 100 million won plus alpha directly to the IRP . Then, the principal alone in the IRP becomes nearly 200 million won, and with the profits attached, a large sum of money is created. And right there, I take the ISA again . You put money in again. Go inside. 2,000. If we take action for five years like this . More money was generated than expected, and the biggest action that generated this money over the past five years is. It is not the rate of return, but because I invested a lot . It means I invested a lot of money when I was earning a high salary ahead of my retirement . Another important point is that this ends up inside my IRP pension account . This corresponds to the third floor of the three floors I mentioned earlier . So, the money in here is now around 200 million won, and after retirement. Instead of receiving it immediately, you will spend a period of 5 or 10 years investing it. With a very high probability, this money will grow well into 300 million won in no time. You know, a large sum of money is created. Then later you will receive the National Pension and severance pay, right? They tell you to submit your IRP when you receive your severance pay. You can submit your securities firm's IRP at that time . It's not the bank's, but the securities fraud surgery is free. These days, if you submit your IRP account with a securities firm, your severance pay for your entire life of service comes right in . Usually, I don't cancel it at that time and just take it with me. That is because it is not the time when a large sum of money is needed. You're going to use that money to build a dividend portfolio and apply for pension execution, right? And we had gathered more than three floors worth. You will apply for this. Then, with the National Pension accumulating, the retirement pension dividends growing, and the three IITs I have saved, we will be made very prosperous, not to the extent of poverty in our old age. And what we need in this process is not an effort to increase the rate of return. It is much more important to consider whether I can stably maintain an expected return of around 7% when investing for about 5 years . If it's 10 years, you can go more comfortably . If you were referring to those in their 20s making extreme investments or those right before retirement who can formulate a yearly plan, how should those in their 30s and 40s reading this modify their plans ? People in their 30s and 40s are actually quite confused. I'm at a loss because I haven't been able to decide on an investment . It is a great comfort to me that I also went through a period of confusion during my own work life, helping others navigate that same chaotic situation—going from crypto to real estate, trading stocks when they went up, to attending meetings and trading stocks . Since even the expert is flustered, it is surprisingly... while going through all of that. Do you know what the answer is? Is it consistency? That was all the answer. Uh, once it's over, you've earned it all. That was back when the Bitcoin I was buying and selling was worth 1 million won, 2 million won, 5 million won, and even as much as 10 million won. Second half of 2017. It’s not about whether you made the right choice back then. The friend who was doing coins back then has made money now, even if they dropped out in the middle, whereas the friend who was doing real estate back then faced a tough time in 2022—a difficult three-year period, you know. It existed even before that . The one who just kept going has made a lot of money now. The same goes for stocks. The most important point I want to tell you about for people in their 30s and 40s is . You shouldn't watch too many videos . They are all ways to make money. If you only look at this, you just need to check Knowledge Inside. In the end, the person who chooses one day wins. So you're saying that one needs to have their own philosophy. yes . We need to make an effort to find that . Looking at the South Korean real estate market, it seems like it is invincible when it comes to recovery, and while the KOSPI is currently wavering, I feel like it will rise even higher in the future, just as it always has . Considering all those things, it is highly likely that everything is the answer. When it comes to children, the most important thing is not to push yourself too hard and to keep at it consistently. If you have chosen stocks or financial investment for that consistent endeavor, the point is that you can do as I have said. I am just answering what I am seeing, and I know there will be difficult times like this as well. But in the end, we will win. Ah, I will win in the end. But what if it's the time for the upbeat rhythm? I have to endure carrying the assets I chose. You seem flustered, but you have to endure it. You have to endure it. I deal with financial investments, you know. I experienced Brexit firsthand. I went through THAAD . The KOSPI also received 100 points when President Trump was elected. Each and every one of them talks about how the world is going to end. But people don't go bankrupt that easily; usually, the person who worries the most goes bankrupt faster. So, the important thing isn't being too heavily influenced by such things, but the investment I chose could fail. But the point is that it is too short to judge the results in just one, two, or three years. okay. Now, let's assume that an office worker is at the stage of making their first 100 million won . Everyone does that, you know. First, save 100 million won. Then it changes. You say to start by saving 100 million won . Uh, it looks like you have something to say here as well. yes . Uh, I am not going to add anything at all . Oh, of course. I understood the reason those people say that to be that you need a certain amount of seed money to have the capacity to manage or distribute it . But if that isn't the case, why did you do that? I tried it, but it did n't work. Because back then, I joined the largest securities firm in the country. So you've joined a big corporation , right? You thought that once you got in, you'd receive a salary and things like that so high that you'd think your life was over, right ? It turned out not to be the case. It felt like a bit more than others, but since the retirement age felt shorter, the task given to me was essentially the same: to grow my investment well through what I am studying here. I always say that while the gap in assets differs by tens of times, the difference in salaries is not. It absolutely cannot fly . Ultimately, it is not the difference in class that changes our lives, but the size of our assets, and what matters is what kind of thought we put into expanding our assets . I told you that the salary difference isn't that big when it comes to saving 100 million won from the perspective of a super-young life . It takes too long. And to collect that, I have to be very frugal. Saving money is important, but I think what's more important is saving 100 million won through investment . When that 100 million has been saved . I started by saying, "I tried it, and I think this is right." From then on, you will feel the gap widening rapidly . So, likewise, when that time came for me, it was clearly decided what I should do and what I should n't do . On the contrary, we gather them together and do it. Then, get your driver's license first . It feels like I'm saving money for decades without driving just to buy my dream car . What you are saying is that in the meantime, you should drive compact cars, mid-size cars, and even used cars to gain experience, so that eventually, you should be the best driver by the time you want to be. yes . And I told you that 100 million won is the starting point. It is true that when you are a beginner, 100 million won feels like a lump sum that you would have to save for about 10 years just by breathing . But as time goes by, and you pass your 40s like me, it is also money that most people usually have in some form. I mean, right now, the return on investment creates a police force with tremendous returns . So, that means this is much more important. I believe that the investments I am making right now and the accumulation of compound interest over one, two, or three years are far more important in changing my future . You must not realize this answer too late . To be frank, even if a beginner makes mistakes in the process of saving 100 million won . I think I will learn everything within the range of losing a few hundred, or at most 1,000 or 2,000, and that is necessary. You need to think about that . The stock market has collapsed a lot right now . But if you think about the fact that interest rates are high in reverse... If you hold bonds, it means you are facing a significant loss and going through a difficult period. If we think about it in reverse, if we buy income-generating assets with a focus on dividends right now... The dividend yield is very high. This exact same thing happened in 2022 . Well, it was the same then. So, regarding the sadness caused by the decline in the assets we currently hold, we must make an independent judgment about that investment. For example, sadly, it was cut in half . It became -50. Why is there no change even if I add water? That is the moment I must not sell it. We should n't break up by selling each other; we should break up by deleting the app now . Ah, actually, if you don't want to see it, just leave it tucked away for a while. If you look at the total investment, it might feel like money that can't be recovered. Now, let's calculate the amount of loss . The comfort we can think of right now to make up for that is... I will save up a lump sum again, or use various deposits that are currently maturing, to set up a substantial dividend yield of 8% or 9% right now . With the investments here, you can calculate with a very high probability how much will be given to me every year . Try calculating how many years it takes to complete this in just this amount of time . And that becomes clearly visible about three years from now. You know how we think we can see it in four years , or in five years . It's worth doing. With the investment starting with Tero, I set it up for high dividends and put in a certain amount of lump sum, and I even poured in more money . If this gets to you in 5 years, it will turn into a really large sum of money. But after 5 years, the main wing comes back to life . That's usually the case . Then, five years later, a seed will be created that can provide a very clear mind and the second half of age . It is important to proceed with the next race using this. The important thing here is that what I need to make up for this right now is to sell this money, and I will generate more in the short term. I mean, themes are going to keep popping up. You can't make this with this. That won't work even if you die and come back to life. The thing is, that doesn't work no matter how many times you try . Since it is a dead time here anyway, yes. You know what I'm talking about regarding the Peter Lin teachers . I tell you not to worry, that what you have is the best . So, at this point in time . Keeping this can usually be a good choice. So, it is important to run your own race. Investing isn't a sprint where you have to beat others; it's a marathon where you just have to reach the finish line. Even if others are passing by, that is not something to worry about right now. I hope you calmly consider how to effectively utilize these high dividends . If these two factors align, the fact that a significant amount of money has accumulated here over time could indicate that the interest rate cycle has also shifted . That is when it becomes more important. So, it was a message that appropriately held back those who have somewhat lost interest in what to do and are feeling like "oh well, I don't care" from making the worst possible mistake that goes off-beat. Thank you for holding on tight. Then we will see you again in Part 2 . Thank you. thank you That's all for today's economics class. See you at the next class.