I thought it was impossible to save 100 million won in two years, unless you either have a very high salary or receive support from your parents. However, I realized that it was possible after going through a divorce and raising a child on my own. I was able to secure a home in Suji, Gyeonggi Province, and I currently have achieved a net worth of about 100 million won. Now, I am using two types of savings to prepare for my retirement solely based on dividends. Through this video, I want to share all my know-how. I truly hope it helps someone. I have read and watched a lot of books and YouTube videos related to financial management, and experts commonly say that you need to save 100 million won. However, the time I went through my divorce coincided with the beginning of the COVID-19 pandemic, and there were zero interest rates. It seemed really difficult to save 200 million won just through savings.

I thought it would take more than a year. So I looked for ways to quickly save 100 million won by watching a lot of books and YouTube videos, and I followed them one by one since there were no methods available. And I realized something: even small amounts of money need to be strategized and that money must be multiplied. It sounds easy to say, but I feel like very few people actually do it. I will explain how I strategized my money and how I managed to save it easily. There are two main ways to save money: increasing income or reducing expenses. I will explain three ways to increase income and three ways to reduce expenses, making a total of six strategies. First, let me explain the easy method of reducing expenses: forced savings. I separated my bank accounts and implemented forced savings.

I spent 60%. I have a young child, and the cost of education for the child is 600,000 won. This creates a margin line that I cannot avoid. For me, that margin line is at 60%. Still, I made sure to stick to that 60%. When I manage everything in one bank account, my expenses become uncontrollable. So, I separated my accounts into a salary account, a living expenses account, a savings account, and an investment account. When my salary comes into the salary account, I have it set up to automatically distribute to each of the other accounts. In this case, even if I want to spend money, my funds are already tied up in the savings or investment accounts, which forces me to save. 

Secondly, I focus on reducing fixed expenses. Even though I want to maximize my savings rate, the fixed expenses are significant, so there are limits. I listed all the money I spend and removed unnecessary expenses. If I couldn't remove them, I tried to reduce them. For example, regarding my communication expenses, I use SK.

I was using the VRP 79 plan, but now I’m on the Toss budget phone plan, which costs 4,900 won. This brings my total to 74,100 won. Next are the internet and TV costs. Often, internet and TV services are bundled together, but I don’t watch much TV; I mainly watch YouTube. Therefore, I didn’t apply for TV service separately. I looked for a provider that offers minimal internet costs and provides a lot of support, and I applied for that. Currently, I’m paying 23,100 won for internet. 

Next is the management fee. Did you know there’s a TV reception fee? I don’t have a TV, so I requested to have the TV reception fee removed, and I’m currently saving 2,500 won. If you don’t have a TV at home, make sure to check this out and save that 2,500 won. 

Next is T. I really think that you should eliminate all T services except for the essentials. In my case, I’ve kept only Coupang and canceled everything else. Finally, regarding the management fee, there are electricity and water bills as well.

There are really many cards that offer discounts. Many people say that you should use a debit card when strategizing, but I think differently. Since it's money that you are spending anyway, it's better to receive benefits. That's why I use a credit card. However, to avoid overspending, I treat my credit card like a debit card by making payments every week. 

Next is eliminating duplicate insurance benefits. You cannot receive duplicate benefits from health insurance. However, there are cases where companies enroll in group health insurance. In that case, you need to contact the insurance company you are already enrolled with and request to suspend your health insurance. You should never cancel it, as that would make it difficult to re-enroll later. So, during the time I am enrolled in my company's group health insurance, I can request that my individual health insurance be suspended. 

Next is fuel expenses. Yes, I save even small amounts by measuring not by monetary value but by liters.

I am currently refueling. Lastly, regarding children's education expenses, there are times when the children cannot attend daycare events or summer vacation classes. In such cases, while it may vary from academy to academy, on the day of absence, they usually provide an official document. For vacations, they tend to allow about two times a year if you inform them that it is a vacation. However, this may differ from one academy to another. The reason I mention this is that I wasn't aware of such policies myself. But when I inquired just in case, I found out that they do exist. So I hope that when you spend money, you always ask questions and raise inquiries. Lastly, reducing variable expenses is really simple. You just need to set a fixed amount that you can spend in a month and stick to it. I have a fixed amount that I can spend in a month, but I found that it was hard to manage over a month. So I break that amount down into weekly spending.

I am checking my expenses by category. I include everything—clothes, shoes, hair products, cosmetics, food, and all the items I need—within a budget of 150,000 won. Many people ask me how this is possible. Who is my fashion role model? It's Steve Jobs. Isn't he very neat? I aspire to dress like him. 

I also have a tip for saving on food expenses. When I go to the supermarket, I notice that they sell frozen chopped potatoes, carrots, green onions, and garlic. So, I buy these types of vegetables in bulk and freeze them for storage. It helps me save quite a bit. 

Now, I will explain the part you might be most curious about—my income. This also comes in three parts. The first part is my salary. Were you very disappointed? But it’s the most important thing. You need to do well in your job, and I believe I fit well with my company.

No, that's not it. I am currently working at a company while taking medication. Even so, I believe that company life is important because of the significance of having a stable income. With a steady income, I can invest in the opportunities I will discuss later without feeling anxious. Additionally, working at a company makes it easier to obtain a mortgage. If we were to leave our jobs and work as individuals, it would be easier to get loans if we had significant influence, but that’s actually quite difficult. Therefore, I want to emphasize the importance of staying at a company to receive a stable monthly salary and to obtain a mortgage. So, even if I work the same eight hours as others, I want to work harder, receive good performance evaluations, and increase my salary growth rate as my best financial strategy.

I'm trying to look at it as one of the options. Even if you dislike the company, how about trying to endure it just once and going back? Secondly, there are tax benefits. I believe we should take advantage of what the country offers. Isn't it unfair if I miss out just because I didn't know? Everyone else is receiving it. Therefore, I think it's essential to make sure to claim tax benefits, and among them, I believe the year-end tax settlement has the most significant effect. I receive more than one million won every year without fail. In 2023, I had a pension savings plan and owned a house, so I received benefits from a mortgage loan and single-parent child deductions. Last year, especially, I utilized the correction claim service and received a lot of money that I had missed out on. By using the service of Cost Save, I even studied additional information while getting my taxes refunded.

So, I hope you all study whether there are any tax claims you can make. If studying is difficult, you might want to try services like Toss Savings or similar related services, and check if there are any tax benefits you have missed. Lastly, I want to express my gratitude to those who have watched my video so far, and I will mention the most important part: the period when I made the most profit. This is about wealth management. Others may talk about wealth management as well, but what I want to emphasize is that you can do wealth management even with a small amount of money. Whether it's 10,000 won or 20,000 won, you need to study and practice real wealth management. Many people hesitate to invest in stocks because they fear losing money. However, what I consider most important while investing in stocks is not to panic. So, in my own way, after four years...

I have learned a way to study without reading too much, and that is by not investing in Korean stocks and avoiding concentrated investments. I also do not rely on hearsay. In my case, I am currently investing in U.S. stocks and practicing diversified investing. I study directly and with confidence, rather than relying on rumors. I am investing in ETFs like the S&P 500 index, so even if the stock prices drop, I don’t feel overly anxious because I am investing through a long-term systematic investment plan. If you are new to financial technology and find studying overwhelming, I recommend starting with the S&P 500 index fund, which allows you to invest in the top 500 large companies in the U.S. This investment method is also mentioned in Warren Buffett's writings. Aren't you curious why the world's wealthiest person, Warren Buffett, invested in the S&P 500 index fund? So, I suggest you start your studies with this.

I recommend it to you all. I mentioned six things, and you have probably heard them all before, right? Were you disappointed? But why is it that some people remain the same, while I was able to gather my business and speak about it? I took action, and that's why it was possible. How about you all let go of negative situations and start with strategies, even investing a small amount of money first? Taking action is what gives it meaning. In the future, I plan to share all the strategies and techniques that I study and find practically helpful. For those who are interested, please continue to subscribe and I would appreciate it if you could watch directly. If you liked today's video, don't forget to like and subscribe. Thank you.

28살에 이혼 후, 4년만에 2억을 모은 직장인이 말해주는 돈관리 비법 6가지

28살에 이혼 후, 4년만에 2억을 모은 직장인이 말해주는 돈관리 비법 6가지