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.

Tuesday, October 1, 2019

Case study: Work on US millionaire dream

Oct. 1, 2019

Introduction

It is my personal finance study. I will have birthday this month, I will celebrate 53 years old birthday. I am working on the millionaire study in USA. How can I be a USA millionaire?

Case study

I went to USA in 1996. I lived in USA from 1996 to 2010. This year my rental property value went up, the neighbor sold a few months ago $135,000 US dollars. I went back to set up my Par 401 K and Key Largo IRA, and also I plan to find some very good investment stock to purchase when recession comes.

How can I be a USA millionaire? One idea is to get a job from Facebook in MPK park. I went to Facebook onsite in August 2019, but I could not get an offer.

I know that wealth is like a tree, start from a seed. Right now, I have to figure out how many double games I should play in order to reach million dollars. Only three double away.

Here is the math:
$135,000 real estate
35,000 IRA, 401 K and cash
-----------------
$170,000 US dollars
$170,000 -> one double -> $340,000 -> second double $680,000 -> third double $1,308,000

It is impossible that my condo will double the value. The property tax in Florida is 2%, and the maintenance fee is $250/ monthly.

Actionable Items

I never thought about from 2001 to 2010 that I may become a millionaire in USA asset. I went through difficult time in 2008, lived on home equity line, and then filed appeal leave for Canada skilled immigration case.

But if I have confidence no matter poor or rich, with/ without a job, I always work on research how to invest, work on personal finance research, actually in 2009, it is best time to invest my IRA and 401 K into US index fund.

I had net income over $110,000 US dollar from 1999 to 2001, but I did not learn enough about investment. Based on my research, ROSS store stock was around $2 dollars in 1999, but in 2019 the stock is around $100 dollars. If I learn how to analyze the business, then I will definitely will save all money on clothes, invest on ROSS stock.

Here is the blog I documented my 401 K contribution from 1999.