Monday, November 19, 2018

Personal finance analysis from 1999 to 2001

Nov. 19, 2018

Introduction


It is my personal finance month. I like to perform some analysis of my personal finance from 1999 to 2001. I need to get those financial data and then plan to perform the analysis.

My analysis


It is never too late to review all the financial documents and also try to learn from my own experience. I bought and sold stocks and mutual funds from 1999 to 2001, 2006 to 2007. I did not save all the bank statement and credit card statements. It is hard for me to analyze my annual income and expenses now. I have W2 statements and tax return forms. But I like to keep those credit card statement so I can dig into detail.

Wishful thinking


Life is tough. I learned the lesson to waste all the money I made in those three years, net income over $100,000 dollars. Nothing left for me to take to Canada in 2010. Only thing left is the gift I purchased for my mom, a condo in the city of Yichun downtown, Jiangxi province, China in the year 2000, less than US $6000 dollars back in 2000.

Live under your means. If I lived under $10000/ year from 1999 to 2001, then I could have saved over $70,000 us dollar. And those money I could have invested to a few projects and make my life much successful.

If I could discipline myself enough, I could have use those $70,000 dollars to purchase condo in the city of Yichun, Jiangxi province near 10 units. If that is the case, I will have lot of chance to learn and grow as a business woman.

I wish that I used those net income to purchase a few condos in my home town Yichun city of Jiangxi from 1999 to 2001.

Follow up 


March 14, 2019
I will post my W2 form from 1999, 2000, 2001 with sensitive information removed. I like to look into and see how many issues I need to look into.


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