Hello everyone.
Yeah, My name is Gun-Soon Kim and I am citizen speaker of this month's event.
I am 42 years old and one of citizens of Daejeon just like you.
I've worked about twelve years for now and today,
I want to share the story about money in my life.
My story is not about making money but
losing almost all of them.
It can be very depressing to listen to
my losing money story in these day's situation
but the point is that
I want to give you some help
sharing the experience which can be
small milestone for you.
I first considered the necessity of making money
when I was the first semester of the graduate school.
At that time, I wanted to earn money
from the purpose of making my own property
not just for the tuitions fee or allowance.
I was preparing for the specific thesis
when I was at the first year.
At that time,I shared a laboratory with one of my friends.
However, he showed weird behaviour consantly.
He called somewhere everyday
and said like "How much is it? Please put them on a sale. Please buy them from the market."
Umm... I was taking in engineering so I was very curious for everything.
I just took a look at my friend's weird routine for several days and I could stand anymore.
'What is he doing?'
I finally asked him.
Hey, What are you doing on the phone everyday?
Then, he hesitated for a minute and answered.
It's a stock.
Stock? Stock for what? I asked again.
He told me that he has been doing investment in stocks
to get some profit from them.
That moment I felt like a gleam passed through my mind.
I would get a job after finishing my study of course but
I thought that I could make some money with stocks.
From that moment, I started investment in stocks.
However, I did not know well how to do it.
I simply bought stocks and sold them when the prices were up.
Through repeated activities, I could not find any interest.
Besides,I was busier than before
because of graduation thesis and finding a new workplace.
So, I just did not pay attention to my remained stocks.
After a couple of months,
I got a job and finished membership training for the new employees.
After I moved to a new place
and settled down in one place after a few more months.
After a busy life, I finally came up with my stocks.
So I opened my stocks
and it was just a totally different market situation.
I did not even think about that kind of
unexpected currents of stocks.
The price of IT stocks has soared
which I did not expect.
I tried to buy another stocks
but they were too competitive to buy them.
I did not have no choice but to have my remained stocks.
I felt really bad doing nothing. Other people became richer and richer.
Suddenly almost all prices of the stocks dropped down again
an stock market went into a panic.
Stocks that I desired to buy was not regarded as a famous stock products anymore.
'What happened? Do I have to sell my stocks?'
'No, the prices dropped so I have to buy more. How long does this recession takes?'
I did have any idea.
I have no informaition about the stock market.
What I only could do was waiting
which I learned in my graduate school.
It was same with someone who has no experience.
So I just waited.
The result was terrible. My stock account became
nothing but an empty can.
So, I have to fill it with another stocks
which I got after the marriage.
I paid the price for wanting too much without any knowledge.
So, the first overcoming about money
was that I tried to earn them without efforts
and the result was losing money.
I realized that we have to know
well if you are about to invest in stocks.
I gave up on that since it became an empty can.
Second thought was working hard without extra plan.
Since I lost a lot of money so I felt still uncomfortable.
So I wanted to change my feeling and decided to move to another place.
After that, I got a new job.
My workplace was bigger than before and moved into a new house.
I used to a new workplace and worked hard.
At that time, senior employees told us that
we have to make a retirement plan through signing a pension.
They said that
"We are now working at a big company and do not have any problem for living. However, if we do not prepare the times after a retirement, we will not be able to sustain our lives ourselves."""
It sounded very acceptable for me and for my wife.
We decided to get some advise from one of the consultant in my company.
We asked him about the way we can sign a pension for our old ages.
He told us that
more and more people live longer than the past
so the interest from the market has little profit.
He suggested us to get a new financial instrument
and subscribe a fund.
At that time, there were only a product for retirement pension that offer the interest.
so we both went to a financial company.
We waited for an hour and talked with a consulor.
There were a lot of people who want to subscribe a fund.
After an hour,
we wrote several documents after a consultation.
One sheet was left and the clerk at the counter asked us. 109 00:06:18,162 --> 00:00:00,-010 How much money will you draw in?
We did not make any compromise how much will we pay for.
I asked to my wife.
How much will we be able to afford per month?
Then my wife said,
"We can pay for three hundred dollars. "
'Three hundred?
'Is that all can we draw in?'
Even if we pay for a fund during a whole year, it stil was 3600 dollars.
Another 10 years?Total money was 360 hundred dollars.
It was the same price for the price of one car.
I just made sad face to her with the expression like
'Are there just 300 dollars we can afford for a fund?'
She seemed to tell me that it is unfair.
We went home after the consel.
That night, my wife showed me something.
It was a household account.
I read it.
My wife was really meticulous.
She used my monthly payment only for the necessary situation.
I thought I gave her enough money
but it was too short to afford the cost of living.
I thought that I have to make more money
so I started to find the suitable workplace.
I found very great opportunity that
one of my uncles do a business and
he was finding investors for it.
I heard that my invested money could be returned after a year.
And I can get a profit in two years.
I felt I could be a rich after investing my money.
So, I collected all of my money from the accounts
and borrowed for the investment.
I invested with a huge dream but
I was told in two weeks after pouring my money for the business.
And even worse, I heard it from the news.
Our business was examined my the prosecution.
Our family panicked.
My father knew the investment
and other relatives also invested in this business.
Money was stuck.
After a month, half of my money was returned.
It was a problem that if I got the principal.
Since I thought I could be richer and getting back the principal was also same with losing money.
I got back a half of the money
so we spent very difficult time.
At that time my wife got pregnant our second child
and she could not eat what she wanted whenever she wants
It it very shameful but I could not buy a beef
for her because of the money.
My wife almost always cried.
I had an absurd dream about becoming richer in a short time.
It caused bigger risk
and this losing money
affected not only for me
but my wife and our baby.
I brought my consciousness to myself
and I worked really hard. Fortunately, my workplace was very good
so we could pay all the debt in two years.
After two years, I could save some money
and I found the interest about my work.
I tried really hard on all works in the company and I was rewarded an official commendation.
and other department wanted to scout me for better profit
for the company and I felt really happy everyday.
My desire was growing again at that time. 'I will do something
more challenging works with my ability.'
I will be able to raise my capability.'
Finally, I turned my attention to another business. 'I think I am not suitable for just
sitting on the desk.' I started a new business and my family against it.
Even my boss tried to persuade me to give up the business.
But I started my own work.
Sure enough, my business went well from the start. I was really satisfied.
'Yes, it is. Why didn't I start this?'
My business was growing rapidly.
Everyone in this hall would know better what the economic situation in the world.
Subprime happened in 2007 and the 'Rimon Brothers corp.' caused the financial crisis.
Nowadays, nobody cannot avoid this situation.
I also could not avoid this current.
I was faced very difficult situation.
I was engaged in something very dangerous.
Almost half of my employees went to another competitive company.
The situation made them to leave.
That was not a big problem for me.
I tried to scout one of my juniors to overcome the difficulties
but he said that
his situation is also not good
asked me to help him with some money.
I thought that if he had come to our company our business would have been able to overcome the recession.
I lent him a lot of money.
In contrast to my expectation,
he, one of my juniors went to another rival company.
After moved to another country, he became also undergo shortage of money.
I could not be returned my money
and I'm still overcoming the difficulties in my business area.
I experienced risks because of my colleague's betrayal
but I believed someone without an doubt and that was the problem.
From this moment, I did undergo three challenges .
I think I am happy even if there were some problems regarding my money.
I've went through all of them without being frustrated
and I'm going through them.
What I realized is
that I wanted too much and I made a wrong choice.
I should have done something in practical perspectives.
I was too impractical to lost a good chance.
At the first time, I invested without sufficient knowledge.
Second one was that I should have received something
after making enough efforts
The last one was that we had to establish some trusts
but we required different things each other
and I suffered a loss.
Earning money was more difficult than preserving them.
If I had collected a lot of money, I would have save tons of them.
Money is usually hardly preserved and saved
and raising money is the most difficult.
What we have to pay attention is that we have to make a wise choice
rather than want them too much.
I hope you will not make a mistake like I did.
I also will try hard to be more happy
and gaining more money.
Let's do our best.
Thank you.