‘Take notes, if you want to get super rich’
Top private banker tells wealth-building secrets in his book
Getting super rich may seem to be impossible for most people in this economically polarized society, but those accustomed to “note-taking” have already come one step closer to higher incomes, according to a private banker who is said to have met the largest number of wealthy people in Korea.
Shin Dong-il, deputy head of KB Kookmin Bank’s Gangnam Star private banking center, said spending only seven minutes a day on taking notes will allow people to achieve their goals faster and easier.
The wealth manager, who has 25 years of banking experience including a 13-year career as a private banker, has been well known for sharing wealth-building secrets through his books, such as the best seller, “Super Rich in Korea,” published in 2012.
He published another book, “Super Rich’s Memo,” in September, to offer specific action plans to readers who want to get super rich, not just enumerating the success stories of rich people.
In the new book, Shin says every super-rich person he met had a habit of writing down their thoughts and important information in pocket notebooks.
“My customers I met as a private banker always wrote down the names of products I proposed and their expiration dates in small pocket notebooks,” he said during an interview with The Korea Times at his office in southeastern Seoul, Oct. 17.
“When I worked at ordinary branches, I saw many customers forgetting their fixed deposit maturities. Although super-rich customers were busier than general customers, they were accustomed to note-taking to avoid losing money and being late for important meetings.”
Shin said he himself has also been closer to a person with assets worth 10 billion won ($84 million) as he has written down his goals on small notebooks over the past 27 years.
Based on his experience, he designed a pocket notebook named “My Life Book,” which allows its users to write down their plans for asset management.
“I heard over 200,000 Koreans buy a Starbucks Planner during the year-end and New Year, but the planner is not enough for users to write down their roadmap for asset management,” he said.
“My Life Book has spaces to write down plans for making seed money, investment information and business plans. Its manual is also written on Super Rich’s Memo.”
The 50-year-old said he dreams of 100 million copies of My Life Book being sold globally, so that more people achieve “economic independence” and become happier.
Shin Dong-il, deputy head of KB Kookmin Bank’s Gangnam Star private banking center, holds his recently published book, “Super Rich’s Memo,” at his office in southeastern Seoul, Oct. 17.