Julia's coding blog - Practice makes perfect

From January 2015, she started to practice leetcode questions; she trains herself to stay focus, develops "muscle" memory when she practices those questions one by one. 2015年初, Julia开始参与做Leetcode, 开通自己第一个博客. 刷Leet code的题目, 她看了很多的代码, 每个人那学一点, 也开通Github, 发表自己的代码, 尝试写自己的一些体会. She learns from her favorite sports – tennis, 10,000 serves practice builds up good memory for a great serve. Just keep going. Hard work beats talent when talent fails to work hard.

Saturday, November 24, 2018

Count every dollar

Nov. 24, 2018

Introduction

It is hard to beat the market as an investor. I think that a smart investor should be a very detail-oriented person. I was so surprised that I have to push myself to get organized, and count all expenses and income for each year from 1996 to 2010. I like to write a blog called count every dollar.

Never too late

I did a case study and the result shocked me. I could not hold any net income made from 1999 to 2001 over $110,000 dollars, I had a brand new car on loan, and owned a condo with 2 bedrooms, leaving one bedroom empty paying 6.5% interest with over $25,000 dollars mortgage.

I should try to be a saver first before I learn how to be an investor. In order to be a saver, I have to spend time to document all my expenses and income using Excel sheet.

I have to start to run my personal finance as a business, document all income and expenses first, and then start to learn how to analyze them.

Be kind and considerate

I think that as a Christian today, I learn to be humble and kind and considerate. But at that time from 1999 to 2001, I just started my career, those two years empty extra bedroom missing rent income, $350/ months, two years will be able to purchase extra condo in my home town in the city of Yichun, Jiangxi province, in the year 2000. If I do that, then I will have a retired home in my grow-up city.

I learn to be kind to be myself and others. Every time I recall my life style, I feel so guilty and learn to be humble again.

Learn the value of one dollar

I have to learn the value of one dollar, and one thing I can do is to document all expenses, income every day and every month. As an adult, I have to showcase my hard working in learning booking, and learn the way to hold those hard-earning money.

I knew today that my programming skills was not so good at all back in 1999 to 2001. I was luck to have jobs when economy was booming even though it was crashed.

Those network income over $110,000 should be my foundation of my first $100,000 dollar in my savings.