The first thing I did when I made up my mind to change my money model was to move out of the building I was living in. At that time, I was in a state of failure in my career, so I sold the 47-pyong apartment building and the 70-pyong office at a reduced price, and the only remaining property was a tranche house that was rented for several hundred million won (a type of rental housing unique to Korea, The tenant first pays a high amount of "transition" deposit, that is, the deposit, and then does not need to pay the rent). Although I lived at a price of 100 million won cheaper than the market price, I still felt that it was a waste to put a sum of money here. It was also from then on that I started reading real estate related books and learning to do my homework.
I also specifically asked for advice from a group of people who hold Image Manipulation Service more than 10 billion won in real estate assets, and found an astonishing fact-their solutions are almost identical! It turned out that they would also listen to the opinions of other rich people. Financial plan B, do not make money-losing investments The third point is that rich people must have a plan B. When the rich start to act, they will consider all possible variables and pre-set future countermeasures.
Following this principle, I moved from a building in Dongjak-gu, Seoul to a single-family house covering an area of 46 pings in Gangseo-gu, and chose a multi-family house that can be sub-leased into 4 sets of condominiums. In fact, it is almost impossible to buy a single-family house with the deposit of the building in Tongjak District. If it was me before, let alone moving, I would not even think about the challenge. However, at that time, I was racking my brains to think about how to continue living with insufficient money—the location of the house in Jiangxi District, because the reconstruction plan was delayed, so the housing price was in a state of temporary decline, and the area was convenient for transportation, There are also many employment opportunities nearby.