The Blueprint: Personal Finance in Japan 101 | #RetireJapan

From the inaugural RetireJapan online conference, this talk introduces the main concepts and details you need to get started with personal finance in Japan.

It covers things you should be doing or at least know about, such as earning, saving, spending, investing, insurance, taxes, NISA, iDeCo, pension, housing, etc.

See all the talks from the RetireJapan Online Conference 2021 here:

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About RetireJapan:

Are you a resident of Japan? Are you thinking about saving and investing for retirement? Then RetireJapan is for you.

It's hard enough to learn about personal finance in English, let alone in Japanese. That's why so many people give up or allow financial 'advisors' to take advantage of them.

I believe everyone should have control of their financial life. Money should support your lifestyle and goals. It should not be a source of worry and stress.

RetireJapan provides information and a venue to share experiences and support each other within our community. I don't have all the answers, but together we can figure them out.

#personalfinance #Japan

0:00 Introduction
1:02 YOUR Millionaire
1:29 Personal Finance
2:42 Maybe you're like me
2:56 Background, role models
3:15 So why me?
5:18 Unemployment
6:32 Natural Disaster
7:48 Human Disaster
7:52 RetireJapan
8:19 Today
9:03 3 Big Dangers
9:14 Doing nothing
9:35 Doing the wrong thing
10:18 Getting ripped off
10:45 You know what to do
11:07 Charles Dickens (1850)
11:15 JL Collins
11:34 Possibilities
12:10 Where are you?
12:37 A Simple Exercise
13:16 7 Stages to Financial Independence
14:52 3 areas
15:09 Earning
15:15 Income Streams
15:56 Spending
16:18 Places to find slack
16:46 Years to Financial Independence
17:09 Savings rate income
17:30 Hedonistic adaptation
18:30 Emergency fund
18:44 Saving for something
18:59 Saving rate
20:21 This is a big deal
20:33 3 books
20:44 The Simple Path to Wealth
21:00 My Financial Goals
21:41 Seems scary
21:44 3 misconceptions
21:47 Gambling
22:00 Difficult
22:13 Time-consuming
22:24 Purpose of investing
22:42 Where to get advice?
23:30 3 factors
23:59 Asset Allocation
24:20 Diversification
24:43 Costs
25:00 3 main asset types
25:04 Stocks
25:23 Bonds
25:43 Real Estate
25:49 ETFs and mutual funds
26:18 3 websites
27:06 You vs. Professional
27:53 Beating the market
28:33 Everything is in Japanese
30:31 Tax Savings
31:01 NISA
31:40 Robo-advisors
32:16 Worldwide Income
32:39 Assets Abroad
32:59 Exit Tax
33:24 Gift tax and inheritance tax
33:47 Nenkin
34:04 Dying in Japan
34:26 Step 1: know thyself
34:33 a penny earned
34:38 level up
34:45 escape from danger
34:59 prepare for setbacks
35:08 start investing
35:15 even more money?
35:22 retirement
35:30 pay it forward
35:43 Questions?

[RetireJapan_OG]

Thanks to everyone for attending this personal finance talk! If you live in Japan and have a follow-up question, feel free to leave a comment here.

[louisdvx]

Hey there. Thanks for this. Your comment about getting angry because your friend getting taken advantage of greatly worries me because I am doing the same thing here in Japan for my retirement fund! Is that a no-no? :(