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, December 31, 2019

10 reasons fail to work on IRA CD/ 401 K/RRSP from 2010 April to 2019 January

Dec. 31, 2019

Introduction

It is my new year resolution time. I like to figure out what I should do. One thing I like to learn is to analyze my financial behavior and then learn the lesson from the past 10 years mistake on my USA IRA CD.

10 reasons I do not work on IRA CD

I can think about and then analyze my financial knowledge, my life style, and also my personality and my problem solving skills.

I put $20,000 US dollars IRA CD with Amtrust bank and earn minimum interest. I made decision in 2009, and then I never thought about that is a huge mistake, I need to fix it as soon as possible. That is the reason it took me 10 years to figure out.

I try to save time and put 10 reasons.

1. Time management skills - need the serious review
2. My life style - work on weight loss, tennis sport, Christian activities, algorithm study
3. Personal finance study - I need to work on finance literacy
4. Curiosity - I need to learn my 401 K Charles Schwab website, download every month statement
5. Single as a family - I need to catch up a lot of skills
6. Hold high standard to manage my resources - time, money and skills
7. Aim top 10% job - Wealth, money, risk management
8. Self-learner - I need to push myself to be a self-learner
9. Research ability - how to explore the new area, and learn the basics
10. Reserve time for my own - brainstorm ideas to find leaks in my personal finance
11. Retirement research - I should work on the research instead of watching Netflix TV shows

From 2010 to 2019 the return will be more than 300% if I put into S & P 500 index fund. I learned the bull market and return over 300% until this May 2019.

I need to review my decision making process; I should work on reviewing process, I should not be so biased.

Actionable Items

I cannot retire and make a living on passive income from my portfolios and rental income. Even though I like to choose to be frugal, be minimalist starting from 2019 January, I still have to continue to work on other issues.

I need to find time to read a book or watch a video and learn from a lesson.