The composition of U.S. GDP is roughly as follows

The composition of U.S. GDP is roughly as follows
Consumption 68%
Investment 17.5%
17.5% of government consumption
Net export -3%

For your information, China is
Consumption 37%
43% investment
16% of government consumption
3% net exports

Then in Korea...
You'll be curious about it
48% consumption
32% investment
19% government consumption
0% net export
(The sum is less than 100% because there is 1% GDP as inventory increases.)

There is something that cannot be explained by the total GDP alone
In fact, the utility of the country's people lies in consumption
The United States consumes 70% of its GDP
On the other hand, 40 percent in China

U.S. citizens can be considered to be better off than the GDP ratio of other countries
U.S. GDP is $28T, and U.S. citizens live by spending 20T of them
China's GDP is $18T, and the Chinese people live by spending 7T of them

In terms of GDP, China is 64% of the United States
When it comes to consumption alone, it's only 35 percent

From another perspective...
Investment is doubled when calculating GDP, so countries with a large proportion of investment have the illusion that GDP is recorded larger than the added value they actually create
In terms of GDP excluding investment
China is about 44% of the United States

In Korea, investment is about 32%...
The OECD average is about 24%
Korea's GDP is roughly 8% overstated compared to OECD countries
For example, in comparison to countries like France and Germany
(High investment is not necessarily a bad thing to save that much for the future
only
There is a difference from the utility that members of the country enjoy
It means that there is a difference from the added value that the country actually produces.) The reason why many people who only think about money or are crazy about money are not really different, but 1) think of everything as a cost and money dimension, 2) care a lot about losing money, 3) make it obvious if you think you're a little bit of a loss, or 4) and think about doing better in your business, work, or specialty, but I keep thinking about money and money, so I don't have money.

What I talked about a lot with the branch managers was, "Let's not risk our lives for 10,000 to 20,000 won, 100,000 to 200,000 won. Then the customer will fly away, and 1 to 2 million won, or 12 to 20 million won will fly away." Of course, we don't have to do anything really ridiculous. But if it's not that level, we shouldn't even think about that. I've seen a lot of people who lose customers while making more money.

But there are more people in the industry who risked their lives for 10,000 to 20,000 won or 100,000 to 200,000 won than expected. Oh, that's possible. But with that mindset, it's hard for the company to develop. Of course, it's important for the company and individuals to save money, but this is different from that. First of all, a person looks a little bit awkward. There aren't many people these days who want to be close or related to that person.

Whether it's an individual or a company, if you don't think about improving your quality or skills, and you keep on paying for money, you're actually going to be in the abyss. Like the characteristics of restaurants that are going bankrupt, there are no service minds and there are no customers for food that tastes bad, so you save money because you don't have a margin. Rather, you have to think about growing your service mind and making the food taste good. It's a pity to see people who are obsessed with money, money, and who are losing more and eventually going downhill/falling.

Last year, we bought and invested about 900 million won without borrowing just the sound equipment and other stage equipment. Me? I'm living in a house with a monthly rent of 500,000 won (...) and I'm not going to do it if I really think about money and cost-effectiveness. We continue to invest hundreds of millions of dollars a year in equipment to provide better sound, lighting, and stage to customers who find and use us.

It's better to invest in the time you spend on calculators, to think about improving quality, and to build up your skills. If you do that, money comes naturally.