2025년 7월 4일 금요일

A story about a certain F.FIRE tribe I know (1)

 

A story about a certain F.FIRE tribe I know (1)


When I was 10, I thought 100 was the biggest number in the world.

Then, I was already discouraged, thinking that 1 billion would be all the money I would ever earn in my life.

But I have 10 billion now...

The phone rings.

The tax office called me.

Even though I clearly paid all the taxes as written on the notice, he said he wanted to check something.

I hired a tax accountant and left the work to him.

When you go to the bank, the bank manager will come out to greet you.

When I go to a securities firm, the securities firm employees greet me.

When I go to the building, real estate agents nearby greet me.

But I don't live in the properties I own.

Instead, I am now living in a rented house with a beautiful view in Gangwon-do.

It's sad to not have a house of your own and live in rent, but it's more comforting to have several houses and live in rent.

When you buy a house, items such as transfer tax, rental income tax, comprehensive real estate tax, and property tax change, so you have to bother a tax accountant.

This is because a legal representative has to go back and forth to the registration office to create documents such as a registration certificate.

However, if you live in a rented house, all you have to do is stamp the contract made by a real estate agent.

You can rent it for about two years, enjoy the scenery, and then when you get sick of it, just move.

It's so relaxing.

I wake up leisurely around 9 a.m., have a cup of coffee, check the NASDAQ and Dow Jones indices, and check the foreign exchange rates for the yen and yuan, which fluctuated the night before.

I imagine with pity my colleagues who are still commuting to work on crowded subways amid the fear of the pandemic.

I check the balances of my bank accounts on my smartphone.

Make sure that all monthly rent, various management fees, TV, Internet, cell phone bills, gas bills, property taxes, etc. are set up for automatic transfer and that automatic payments are being made properly.

If automatic payment is not made due to a system error, it will cause problems in daily life, so check carefully in advance.

The monthly rent for the apartments is being paid properly.

There are no tenants who skip monthly rent because they are paying less than the market price.

However, the commercial building was not purchased.

Because the commercial law is lax, there are a lot of disputes with tenants after renting out a commercial property.

Instead, he invested the money in U.S. stocks.

Stock dividends come in regularly.

American companies are not stingy with dividends.

This is because it is faithful to the market principle that the stock price must be maintained to protect shareholder interests.

Their stance on stock prices is different from that of Korean companies that aim for hereditary management.

In fact, the Korean stock market, which has a backward-looking commercial law, is not suitable for investment even for a Korean like me.

The remaining money is tied up in a time deposit account.

I told the bank employee to convert it to a time deposit whenever the balance in the account dedicated to collecting monthly rent exceeded 10 million won.

It's been three weeks since I added one more term deposit, so I'll probably add one more this month too.

I have to go sign the bankbook.

Should we eat out on the way back from the bank today?

For dinner, I want to have some freshly caught sashimi and a warm cup of jeongjong.

I should call the Japanese restaurant.

We do not hire a separate secretary or driver.

Tesla's FSD is sufficient.

When the CYBER truck comes out later, I plan to buy it right away and convert it for camping.



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