Jan. 13, 2019
Introduction
It is my personal finance research. I like to learn from those years from 1988 to 2018 until I started to work on my personal finance research Nov. 2017. I learned from the talk from ANC, the quick money does not provide me the learning process, so it is a big check syndrome. Easy come and easy go. I need to work on my personal finance research and find out my real personal finance personality fatal issue.
How much lessons I learn in terms of dollar amount?
Currency exchange
US saving rate from 1.2 to 2.85% in Jan. 13, 2019.
But Canadian dollar worth lowest value compared to US dollar, now it is 0.75
I bought us dollars $3600 for a central AC for my boca raton Condo
I bought us dollars using Canadian dollars, $22,000 Canadian dollars -> $18,000 US dollars
2010 April 23, I sold $17,000 dollars one deal -> $15,000 Canadian dollars
I learn from lottery winner, quickly gain and quickly loss. One thing I like to do is to protect myself to avoid this problem.
Credit card debt
Credit card is a plastic, it is so easy to make purchase. But I quickly make purchases without carefully recording all expenses. Review and audit, and design a strategy to find those negative influence friends and relatives.
1999 I spent $2,000 on clothing
1999 I spent $6000 on material things, vacations, and restaurant, gadgets
2000 I spent $2,000 on clothing,
2000 I spent $6,000 on material things, my mom vacation, and restaurant, gadgets
2001 I spent $2,000 on clothing
2001 I spent $5000 on China vacation in August,
2001 I paid for six people vacation to Shanghai over near 2000 us dollars
2010 - 2018
I spent over $3,000 Canadian dollars on clothing
I will continue to count all expenses.
Total expenses on clothing over $10,000 dollars from 1998 - 2018
What did I learn from those money mistakes? Am I bread winner hard working? Am I a lottery winner?
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