[Book Sip] Is Your Bank Account Really Okay... What Does the Money Trainer Diagnose?

Some sentences encapsulate the entire content of the book itself, while others instantly resonate with the reader's heart, creating a connection with the book. We present meaningful sentences excerpted from the book. - Editor's note

If you have been flexing 'out of anger,' 'because you're upset,' or 'because it's cool,' 'because it's cheap,' the author advises you to stop immediately and try planned spending for just one year. Instead of instant wealth-building chasing high returns in a short time during an era of inflation and low growth, the book introduces the basics of asset management that safely grow your wealth through time and effort.

People who seem able to spend a little more tend to approach saving and investing with genuine passion, while those who need to save and economize often cannot escape overspending. Ironically, those with money see their wealth grow, while those without continue to struggle. Ultimately, the most important factor in wealth management is passion. (p.148)

Is it possible to give up on buying a house and just rent for life? However, in Korea, renting a house results in a loss. Unfortunately, long-term renting like in Europe is not easy here because even if you do not own a house, you have to put down more than 70% of the house price as a jeonse deposit. (p.179)

A famous restaurant is not necessarily one with an absolute high level of taste but one that offers taste stability (consistency). The reason people seek out famous restaurants is also to avoid the worst-case scenario. If there is a guarantee to avoid the worst, people willingly pay higher prices for food. This is similar to the psychology of preferring safe assets in an era of ultra-low growth. (p.282)

Today’s Frugal Tech, Tomorrow’s Flex | Written by Kim Kyungpil | Gimyeongsa | 344 pages | 16,800 KRW

This content was produced with the assistance of AI translation services.