Monday, May 18, 2020

Francis Kong - my mentor as a 53 year old single Chinese in January 2019

January 2019

Introduction


It is hard for me to find a mentor as 51 year old, single Chinese woman. I could not afford to one bedroom condo in the Vancouver area. I started my personal finance research starting from Nov. 2018. I took a break on algorithm and data structure research, and started to research on money.

Francis Kong - perfect match to be my mentor


Here is the link.


6:00/ 26:35

We don't want instant money because there is no learning process there. 


6:53 / 26:35

J. Paul Getty's formula for success:
Rise early, work hard and strike oil


9:00 / 26:35

Don't focus on the money
Focus on what help you can provide others
Money become a delightful by-product of the experience

20:00 - 23:00 / 26:36

Karen asked question
I feel I am stuck in a pattern of pay check, bills, expenses and I am unable to spend for the things I want. I don't know how to change this situation. Can you help me?


Answer:
Do not change your situation. Change yourself.

How much are you spending? Are you taking care of your income and expending inventory?

Mind the tiny little "LEAKS" in your lifestyle that goes to waste

A pen, a paper and a diligent heart to record every single dollar you spend.

Mindset of rut -> get into detail -> sweat small stuff

Actionable Items


May 18, 2020

I like to recommend the talk to Jiaotong university investment wechat group.

Here is the link of my blog written in January 2019.



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