[One Sip of a Book] The First Investment Book by Jeong Tae-ik, the 'Man Who Reads Real Estate'

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

This is the first investment book by Jeong Tae-ik, South Korea's leading real estate expert known as the 'Man Who Reads Real Estate.' It presents the basic principles of real estate investment and methods to break down mental barriers that hinder investment. Then, it introduces essential real estate investment rules. Additionally, it imparts various investment secrets, including necessary background knowledge for actual real estate investment, how to create investment plans, location analysis methods, apartment investment strategies, and non-apartment investment methods.

If I had never experienced the intense thrill of making money through investment, I might have still dismissed 'Rich Dad Poor Dad' as a scam-like book, but that day was different. That book planted a life goal in me and became my prophecy. The teachings of the 'Poor Dad' in the book resembled my past life, while the 'Rich Dad's' teachings were exactly the answers I wanted. I still vividly remember the resolution I made that day. After finishing the book, I decided, "I will not work for money. I will make money work for me. I will invest the rest of my life in creating a system that makes money work." - Before Starting the Basic Investment Class, p. 13

To get straight to the point, I earned over 100 million won in profit within a year from those six apartments. The feared financial crisis did not directly impact the economy, allowing most people to keep their jobs. Although people's income levels were maintained, the atmosphere of reluctance to buy houses continued, naturally increasing the demand for jeonse (long-term lease), and the rising jeonse prices pushed up the sale prices. The first apartment I bought was leased again at 70 million won for jeonse. After repaying a 10 million won loan, I had about 20 million won in cash. As jeonse prices rose everywhere else simultaneously, money accumulated in my bank account, which I used as investment capital to purchase six more apartments. Even during the real estate downturn when everyone around me was advising against it, there was an answer. By moving differently from others, I found opportunities.

- Before Starting the Basic Investment Class, pp. 29-30

Real Estate Investment Class That Changes Your Destiny | Written by Jeong Tae-ik (Real Estate Reading Man) | Readersbook | 584 pages | 30,000 KRW