Financial Wisdom from Jeon Hyun-moo: Tax Strategies and Spending Habits

Jeon Hyun-moo Shares Financial Tips.

On the upcoming episode of KBS2's variety show 'The Boss Has Donkey Ears' (hereafter 'Sadaengwi'), airing on the 6th, MC Jeon Hyun-moo is set to reveal his financial tips, sparking curiosity. During the show, Jeon Hyun-moo discusses his experience with tax payments as a freelancer, stating, "I once had to break my savings because I wasn't prepared for taxes," explaining the pivotal moment that led him to focus on financial management.

Jeon Hyun-moo elaborates, "Since then, I discuss with my accountant to set aside money for taxes, anticipating the amount. Even when income increases suddenly, I don't consider it all mine. It's just cyber money that comes and goes," he asserts firmly. Listening to this, Kim Sook shares her own experience, "I once had to borrow money from a friend to pay taxes," highlighting the challenging reality.

Particularly, Jeon Hyun-moo emphasizes that treating friends is unnecessary spending. In response to Kim Sook's comment, "Even when Hyun-moo earns a lot, he rarely buys for friends," he explains, "Buying for friends and calling a taxi is my expense. It's better to sleep during that time. It's all unnecessary spending," adding, "I don't often treat others because I find it wasteful," sharing his personal rule and drawing attention.

Meanwhile, Jeon Hyun-moo mentions, "I don't even have time to spend money. I'm just awake," describing his busy schedule as a form of financial management. Kim Sook adds, "I only rest one day a month, so I don't have time to drink," sharing her equally hectic schedule, and adds, "Even on my day off, I film camping YouTube videos," showcasing her relentless drive, surprising everyone.

In another context, Channel A's variety show 'Heard It Through the Grapevine' estimated Jeon Hyun-moo's annual income from programs, advertisements, and events to be around 3 to 4 billion won. Considering this was seven years ago, his current income is expected to be much higher.

Additionally, according to the real estate industry, Jeon Hyun-moo resides in a 59-pyeong unit at 'I-Park Samsung' in Samseong-dong, Gangnam-gu, Seoul. When he moved to this apartment in 2021, the 59-pyeong unit was traded in the mid-4 billion won range. As of the 8th of last month, the same unit was sold for 6.1 billion won, marking an increase of over 1 billion won in three years.

Jeon Hyun-moo and Kim Sook's financial tips can be seen on 'Sadaengwi,' airing at 4:40 PM.

Reporter Taeyuna, TenAsia youyou@tenasia.co.kr