Introduction
It is time for me to review my personal finance. I did add all my incomes from the full time job from 2010 to 2018, and my saving is 10- 15% of income. All 85% are gone. It is tough for me to review the finance data and what I can evaluate myself as a problem solver in terms of personal finance.
Problem solving mindset
It does not matter how my salary is. I got best education from the world, China and USA and then Canada. I should spend time over those 9 years to figure out how to double my money. No matter how small amount the saving it is. I actually started from 2010 with $17,000 us dollars.
I should spend time to figure out how to make saving rate up to 60% of my gross income in Canada. After that, I should learn how to invest and then get in real estate if I have enough confidence.
USA condo investment
I did pay off in 2017 my home equity loan back in 2010 with $38,000 us dollars, the condo appraisal value goes up from $48,000 us dollar in 2010 to $93,000 in 2018.
Canada passive income
I have zero passive income in Canada from 2010 to 2018. I did not purchase any stock or mutual fund.
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