Why a 2-Billion-Won Asset Holder Is Still Poor

Despite sufficient net assets, they tend to impose extreme restrictions on daily consumption such as coffee, dining out, and travel.

Seokgamoney said, "I once mentioned that owning a 59-pyeong property worth over 2 billion won means graduating from real estate. However, there are people who, even after accumulating such assets, still live a life constrained by deprivation."

During this period, reducing expenditures to the maximum affordable level is considered a virtue and a skill.

Seokgamoney emphasized, "Before buying a house, you need to save seed money, and to do that, you must tighten your belt as much as you can afford. During that period, saving is a virtue and a skill."

This illustrates the problem of not being able to transition one's way of life despite achieving the goal of asset accumulation.

Seokgamoney explained, "This is like someone who got into university but is still living like a test-taker. If you went to university, you should be dating and serving in the military, but you're still sitting in the study room, continuing to study for the entrance exam." He pointed out the importance of life transitions appropriate for the timing.

Even if physically the same 1 million won, 1 million won spent on a family trip in one's 30s or 40s has a significantly different utility value from 1 million won in a bank account in one's 70s. The happiness or experiences with family when young cannot be compensated by money if that specific time is missed.

Seokgamoney stated, "The 1 million won you spend on a family trip in your 30s or 40s and the 1 million won in your account in your 70s are physically the same, but they are not the same in terms of utility," emphasizing that the value of money is relative depending on the timing.

People with assets above a certain level must abandon the attitude of demonizing all consumption to resolve the deprivation in their lives.

Seokgamoney emphasized, "The first thing to do after graduating from real estate is to break free from excessive financial tech obsession. Those whose assets have exceeded a certain level must break free from the attitude of demonizing all consumption." He added that one should be wary of situations where asset growth, a means, takes precedence over the goal of family prosperity.

Even if one succeeded in real estate investment, giving up a humane life due to excessive frugality will inevitably lead to a failed life. Therefore, after real estate graduation, one must re-learn how to consume and recognize that investment success does not guarantee a happy life.

Seokgamoney Financial Tech advised, "You might have succeeded in real estate investment, but as a human, your life will inevitably be a failure. So, the first thing you need to learn after real estate graduation is how to consume again."

Seokgamoney Financial Tech defined, "Cost-effective consumption doesn't mean just buying cheap things; it means making purchases that significantly increase your life satisfaction relative to the money you spent," recommending actively improving quality of life through consumption.

Ostentatious consumption, such as revenge purchases of luxury goods or foreign cars, which stems from a life lived saving money, should be avoided. Instead, focus on restorative consumption that normalizes the life postponed to save and grow money.

Seokgamoney Financial Tech stated, "Consumption should not be about revenge for a life spent not using money, but rather consumption for recovery. You should make purchases that normalize the life you've postponed to save and grow money," emphasizing the importance of restorative spending to improve quality of life.

After real estate graduation, one should move away from doing everything oneself to save money and instead engage in consumption that buys time. Robot vacuum cleaners, dryers, and dishwashers are not simply wasteful but expenses that can reclaim one's time.

Seokgamoney Financial Tech explained, "After real estate graduation, you should engage in consumption that buys time. Reclaiming your time can be more important than physically saving tens of thousands of won. These are not luxuries but expenses that can reclaim your time." He added that when one's time becomes more valuable than money, choosing to delegate tasks to experts is also necessary.

First is 'essential expenditure,' which is necessary for survival, such as loan interest, maintenance fees, food, and education expenses. Second is 'defensive expenditure,' which prepares for the future, such as savings and investments.

Seokgamoney Financial Tech said, "First is essential expenditure, second is defensive expenditure, and third is restorative expenditure. Let's divide them this way." Finally, he classified experiential consumption that improves quality of life, such as travel, dining out, and health management, as 'restorative expenditure'.

A portion of the remaining disposable budget, after essential and defensive expenditures, should be allocated to restorative spending at a fixed percentage (e.g., 20%). It's important to move away from viewing restorative spending as a sin and instead acknowledge it as a cost for life's recovery when spending money.

Seokgamoney Financial Tech suggested, "Allocate a certain percentage of the money remaining after essential and defensive expenditures to improve your quality of life without guilt," recommending guilt-free quality of life enhancement through rational spending plans.

One must be wary of the error of clinging to old frugal ways even after assets have sufficiently grown. One buys a house to live life, not lives life to buy a house, and this should not be forgotten.

Seokgamoney Financial Tech emphasized, "Financial tech should never be an end; it is a means. You must not forget that you buy a house to live life, not live life to buy a house," reminding of life's fundamental purpose.