Tuesday, December 4, 2018

My personal finance struggle

Dec. 4, 2018

Introduction


It is one of my research area called personal finance. If I can handle very well my finance, then I will have more confidence to handle better on my career as a software programmer.

Mistakes after mistakes


It takes some discipline to learn how to save money. I did my personal finance review, I spent over $4500 Canadian dollar on one month trip in 2012. I am single, all I can do is to purchase an airline ticket and then that is all. Minimal life style.

I did the totally opposite. I did not learn how to say no. How to budget and how to negotiate with relatives, siblings, and seriously deal with relationship with people.

I own nothing in the city of Yichun and I do not own any property in British Columbia area as well. It is more challenging for me to solve problems compared to year 2001 and year 2010.

One thing I like to do is to write about personal finance, and also I have to push myself learn some basics. If I can prepare very well, then when the market went down in 2008, instead I closed all accounts, sell all stocks and mutual funds in 2009, I will carefully consider and use all money to purchase Microsoft stock with $20.00 dollars a share. Since I learn that there is a few ways to double money, one is to buy stocks, good company stocks on bear market.


Never too late


I start to document all purchases, and I like to document my personal finance and see how I can grow from a seed in Canada and have some wealth and asset one day.


Wealth, like a tree, grows from a tiny seed
the richest man in Babylon, Georges Clason

No comments:

Post a Comment