Introduction
It is the term I learn from Suze Orman in the interview (30:00 - 35:00/ 41:01). I like to look into this strategy and learn how to process this tactics.
Date your money
The idea is to take small steps, measure the risk, and then figure out how to get best results. I gave the case study of $17,000 US dollars to the Scotiabank on the first day on April 23, 2018. I purchase over $15,000 Canadian dollars. What was wrong? Here is my blog.
1. Scotiabank charged high rate compared to Kingsmart;
2. Canadian dollar is in highest value compared to US dollar on April 23, 2010;
3. I do not need to use a lot of Canadian dollars. I should exchange $1000 US dollars first;
4. I need to do some research and figure out how to save cost. Any transaction with bank can be saved at least 10%
It is called dating your money. Instead of making one transaction, I can make it 10 steps, and then figure out step by step how to do it better. I have chance to get to know banking in Canada in the first of month from April 23 2010. I did not have any job and I had a church friend to help me to find a home, and I started to attend the church in Sunday with my host Chinese family.
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