PD Kim Min-sik, the mastermind behind hits like ‘New Nonstop’ and ‘Queen of Housewives’, revealed that he earns 10 million won per month even after retirement!
During an episode of tvN’s ‘You Quiz on the Block’ aired on the 13th, PD Kim Min-sik appeared to share his story.
PD Kim explained, “When the pandemic hit and everyone was struggling, the company went through large-scale restructuring. I decided to leave because I didn’t feel confident that staying longer would make me better at my job.” He jokingly bragged, “When I meet my juniors and pull out my wallet to buy them something, they try to stop me. Then I tell them, ‘I’m an alchemist. I’m someone who buys drinks using my pension!'”
PD Kim shared that he planned his retirement in advance to ensure a monthly income of 10 million won. “At twenty, my goal was simply ‘to become rich someday.’ I studied what I needed to do to achieve that, and I was told to do three things: earn (income), save (savings), and grow (investment),” he said.
He then added, “I realized there was something even more important before those,” referring to “frugality.”
“Earning money isn’t always within my control,” he noted. “However, saving money only requires controlling my own desires. In your 20s, you should develop the habit of saving; in your 30s, increase your market value; and in your 40s, you should build a portfolio. It’s crucial to create diverse sources of income.”
PD Kim emphasized, “While earning and accumulating wealth requires some luck, saving is something you can put into practice immediately.” He revealed, “I created multiple bank accounts to split my savings. I had at least five different accounts, ranging from 3-month and 1-year maturity accounts to a 10-year account for housing and a 30-year account for my pension.”
He described financial management as “sending a portion of the income from my 30s and 40s to my 70s and 80s self.”
Yoo Jae-suk asked, “Did you ever feel like your life was too tight or restrictive?”
PD Kim replied, “There hasn’t been a single time in my life where I desperately wanted to buy something. In my 20s, I learned many ways to live happily without spending money. I think of myself as the enemy of capitalism.”
He continued, “I feel more joy seeing my savings increase than I do when I buy something. Looking at my savings and the 3 million won monthly pension I receive, I don’t feel empty at all.”
He also shared his know-how for preparing for retirement by age. “Because I started investing in pensions in my early 30s, I receive 3 million won a month, which covers my living expenses,” he explained. “My goal is to receive 5 million won a month just by breathing. I’ve designed it so that I’ll receive 4 million won a month starting from age 60.”
