Sunday, December 16, 2018

Learn to solve my personal finance problem one by one

Dec. 16, 2018

Introduction


November is my personal finance month. I continue to spend time in December after work and weekend to study all expenses and incomes in my paper work, I notice that there are more challenge problems for me to solve. I have to deal with myself emotional, self-discipline, irresponsible people, under influence, personal finance app learning, book keeping, long history of impulsive shopping and decision making.

More challenging


Originally in 2015, I started to write coding blog since I like to advance myself in algorithm and data structure problem solving. Late in 2018, I figured out that there are some patterns coming out. I keep solving same kinds of problems again. I think that it is time for me to invest other area using my problem solving skills.

I had an elder sister who visited Vancouver in August 2018, and I was so shamed to share my living condition with her. It was hard for me to be true to myself. I do not know how to solve my problems. I do not own any real estate in British Columbia from 2010, and my asset in Canada could not make a down payment, with stress test, I cannot even think about getting a loan for a one bedroom condo in the city of Surrey.

It was the most challenging problem I have to learn to solve in my life again. I did not know how to start to solve the problems.

I started my journey one day to work on my book keeping in Oct. 2018.




How We Save 70% of Our Income - Financial Independence Journey

Here is the link.

Case study: China vacation one month in 2012

Dec. 16, 2018

Introduction


It is so hard for me to review those receipts. I checked my 2012 vacation and then I came cross so many cash withdraw receipts. I was using money, cash to pay all kinds of expenses, and I also gave out cash gift for Chinese new year. I just could not believe that I was under influence. What was the problem to spend like crazy?

Case study


I like to study those impulsive spending, I used those hard earning money to pay for expenses. I need to figure out what the problem is.

Case study: Shenzhen medical examination in 2012

Dec. 16, 2018

Introduction


It is hard feelings to go over those expenses I had vacation in 2012. I like to challenge myself, how to be a disciplined person? I like to write a blog to document my expenses in Shenzhen, why I chose to pay those medical examination instead of using Canada medical examination?

Case study


I came cross the receipt I paid in 2012 to do physical examination, it costed me over $1,000 Chinese yuan. First of all, those examinations are expensive compared to my home town; secondly, those tests are unnecessary, I already paid MSP health insurance in Canada.

My sister told me that her school offers her a free medication examination every year. She wrote down the examination she got. And then I decided to take all those examinations by myself while I took one month vacation in China, Shanghai, Yichun, Shenzhen.

Actionable Items


I need to slow down in Canada. I need to take some time to get familiar with Canada medical system. I need to figure out how to avoid this impulsive decision.

Increase Your Financial IQ - Kim Kiyosaki - Interview with a Rich Woman

Here is the link.

This is my favorite interview. I really like to learn from the sharing.

Case study: 2003 $3590 dollars project to tile the floor

Dec. 16, 2018

Introduction

It was a tough project I chose to work on. I planned to take away the carpet and put tile on the floor in July 2003. I like to write a blog to document the experience and share what I learned and what I like to review in terms of project management.

Case study


It was tough for me to make decision to put a new floor inside my home in 2003.



Case study: Laptop purchase $700 US dollars

Dec. 16, 2018

Introduction


I went over all the paper work again and today I found this receipt dated on Oct. 11, 2007. I make the purchase a laptop with cost $700.00 dollars. I did not do booking every year until this Oct. 2018, I remembered that in 2010, I took two laptops with me to Canada, and left one super expensive laptop SONY to my friend's house.

Case study


I think that the reason I could not build wealth from 1996 to 2010, the main reason was that I could not book all the expenses, I did not analyze carefully about my purchase. The SONY laptop costed $1800 dollars, and it worked perfect, but I ended up purchase of more laptops.

Here is the receipt I found. I just could not believe that I had this consumer behavior, definitely I need to figure out how to fix it. Sometimes it is hard for me to admit the mistake again.


Actionable Items


If I make mistakes to purchase expensive items, then I should document all the purchases first; and I should try to resell those items, or give away to my relatives in high school when the laptop are still in good quality.

Another thing is never to purchase brand new top brand laptop, I should always try to reduce the waste of money by scrutinizing the big purchase very carefully. Compared to my monthly income, my legal status in USA, I should be very careful on this long term effect.

If I cannot control the expenses and waste over $1800 dollar purchase, then I will have problems to control all other things in my life and career.





Kim Kiyosaki on my "Business Bliss Live" web show

Here is the link.


Saturday, December 15, 2018

Weekly contest 115

Dec. 15, 2018

Introduction


It is my favorite weekly contest. I played the contest but I only solved the first algorithm, I ran out of time to fix time out issue on second algorithm.


My performance


I need to look into the issues I had and then figure out what to do. Here is my ranking. I have not written any code last week. I was too busy to work on coding practice.



Dec 17, 12:36 AM

It is always a good idea to show some solution I wrote in the contest.

Here is the first algorithm I shared on Leetcode.com.


10 Things The Rich Do That The Poor Don't - Why You Are Still Broke

Here is the link.


12 Shocking Habits of Successful People

Here is the link.


1 Waking up early, productivity 2 faillure is gold if you learn 3 ignore conformity, innovation, unique solution, avoid comparrison 4 reading every day, knowledge, vocubularity, sleep better 5 spend money, invest, calculated risks, delayed gratification 6 sacrifices for goals dreams, time, love, work 7 creative writing brings clarity about own story8 mild procrastination: passive is lazy, strategic is active, good time planning, shift focus. 9 self improvement as habit, learning new technicues 10 networking, who you know is important 11 excersise consistently, working out, good for self esteem, ambitious, self discipline, goals 12 daily meditation, against stress, better problem solving, better memory. Think about your goals or reflect on emotions, relax

7 Habits of Highly Effective People - Self Improvement by Stephen Covey

Here is the link.

1) Be Proactive: Take responsibility and know you’re in charge 2) Start with the end in mind: Have an end goal 3) Put first things first: Do important and non-urgent things first 4) Think Win-Win: Find situations where everyone wins 5) Seek first to understand, then to be understood: Listen before you start talking 6) Synergize: 1 + 1 = 3 7)Sharpen the saw: Invest in yourself for the best ROI

It is very challenging topic, and I know that I have weakness how to deal with people, stress and all other things.


12 Habits of Millionaires - Money Making Habits and Mindset of the Wealthy

Here is the link.

1. Have A Budget 0:11 2. Be Proactive 0:36 3. Read 1:05 4. Curiosity 1:54 5. Pursue Curiosity 2:28 6. Mentor 2:48 7. Goals 3:22 8. Daily Lists 4:08 9. Multiple Revenue Streams 4:49 10. Don't Diversify 11. Avoid Wasting Time 6:20 12. Focus On Highest Earning Activities 7:10

Being financial smart - my sponsor application project

Dec. 15, 2018

Introduction


It is my personal finance research and I like to find all problems I have. In order to prepare myself to be a good project manager, and learn people skills, I have to work on some basics, write down my problems at the end of 2018.

Case study


I worked on the project related to sponsor application to Canadian permanent residentship. I am the aunt but I have to learn how to work with the relatives and learn how to do it in the advance.

This year I paid $650 DNA test, and I paid principal applicant $490 landing fee, and I paid extra $600 dollars tax in order to be financial supporter. I start to audit those big expenses, since I do not purchase any clothing besides food in 2018. I have to give myself an explanation why I made mistakes to end up pay other person's bill.

I like to come out the ideas how to start a project. One idea is to ask relatives to deposit all expenses to my account before I start to work on the project in 2016 October. If they choose not to pay in advance, then I should not start the project at all.

It took me over hundreds of hours to study and all kinds of research, and then I ended up investing over thousands of expenses to the project. Every time I like to communicate with the principal applicant, he even does not listen anything. The whole process is a big alarm for me to be a project manager, I have to learn how to be proactive, and ask deposit in front. I have to learn how to manage a young person and his relatives.

If I cannot control the money in the project, I can not control the project at all. All I do is to work hard on my side, and pay other person's expenses, and leave the principle applicant and relatives to waste money and time on other things.


How much I paid for private coach June 2018?

Dec. 15, 2018

Introduction


It is hard for me to review my payment for the private coach this June 2018. I like to do some case study about this payment and experience.

Case study


I met a friend from pramp.com, and then we worked together to practice algorithm and data structure more than five times. I did share my experience of my payment to the coach, 1 minute 1 dollar for the private coach, I paid $1000 Canadian dollars for private coaching. And she told me that it was too expensive. She did not choose to pay any coach at all.

I also met a friend who gave me three free one hour mock interview this June, 2018. He later joined biggest companies one of top 100 in USA.

I did share my experience through mock interview on interviewing.io. The interviewee asked me why you chose to hire a coach. Through the feedbacks, I know that I have to learn lessons, stay in budget, maybe I should take one or two hours. That is all.

I remembered one time the coach asked me what I like to work on. I could not tell what I like to work on. I should embrace the hard work, if I do not practice hard enough, go over all those hundreds of algorithms on Leetcode.com, then I could not make it at all.


7 Expenses ALL Rich People Avoid - People

Introduction


It is 12 minutes video called 7 expenses all rich people avoid. I like to write a blog to document all mistakes I made in last 20 years, so that I can explain why I left Florida in 2010 without any wealth left.

7 expenses


Here is the link.

1. College Debt 2. Social Events 3. Cars 4. Houses 5. Food 6. Clothes 7. People

Do I have all expenses covered in next 12 months? Do the person survive? Do not remember the shame, manipulation and other things?

I could still remember in 2001 the manipulation I got from relatives, and at the end of the trip, I spent so much to please relatives, thousands of US dollars to pay TV, food, and also group trip to Shanghai. I like to write down those expenses and lessons I learned in my financial life.

No one cares any more after 18 years. But I will remember forever that the lesson I learned from the trip in my personal finance life, and it is important to understand that I paid full price in my life. I asked a friend to lend me the money for one month in 2002, and worked so hard hour by hour over 8 months full time to pay back those debts I had for one week vacation.

In order to build wealth and stay health, I think that it is also very important to learn stay independent as a single lady. I also need to learn how to identify those irresponsible people in my life, and stay away those social event and vacation.


7 Expenses ALL Rich People Avoid - College debt

Dec. 15, 2018

Introduction


Here is 12 minutes video called 7 expenses all rich people avoid. I like to write a case study based on 7 expenses, my over $2,000 us dollars expense from 2010 to 2012 to pay tuition out of state.




7 Expenses ALL Rich People Avoid

Dec. 15, 2018

Introduction


It is 12 minutes video called 7 expenses all rich people avoid. I like to write a blog to document all mistakes I made in last 20 years, so that I can explain why I left Florida in 2010 without any wealth left.

7 expenses


Here is the link.

1. College Debt 2. Social Events 3. Cars 4. Houses 5. Food 6. Clothes 7. People

Case study: 2006 GM onsite interview for human interaction design

Dec. 15, 2018

Introduction


I am the project manager and I like to give myself assignment to write down the experience I had. How I learn and what I learn from those experience. I find that I made so many mistakes in my personal finance and career, and I also have chance to learn so many things through years. I did case study of my airline tickets, and then I came cross this GM onsite interview in the city of Detriot in 2006.

Case study: 20016 GM onsite interview 


I like to write down more here when I have time.


My Canadian asset in 2010

Dec. 15, 2018

Introduction


To build wealth, one thing is a must to document all expenses and income. I like to write down my personal history to build wealth in Canada. I came to Canada in April 23, 2010. And I brought $17,000 us dollars to Canada, and then I started to work full time from June 15, 2010 in a small manufacturer company.

My asset


I brought my 1999 Ford Explorer and some belongings to Canada. Here is July 1, 2010 my bank statement.


I brought $17,000 US dollars to Canada, in two months I found a full time software programmer job.

One idea was to pay my USA home equity loan using $12,000 US dollar and start to live on pay check from pay check in Canada. Or another idea is to save $10,000 dollar more to have a down payment for a condo in the city of Surrey in 2011. Another idea is to borrow another $17,000 US dollars from my home equity line and purchase a condo in the city of Surrey.

In 2017, I had to pay back to my USA home equity line $25,000 us dollars.

Actionable Items


I have to build a habit to do finance analysis every month. I should spend a few hours to document all expenses, income.

I should start to study real estate market from 2010, from Chilliwack, Abbotsford, and Surrey. I should go out to learn and figure out real estate market.

I should make a plan and budget, and set limit of expenses. I need to learn how to discipline myself financially.

Brainstorm idea


From the viewpoint of Dec. 15, 2018, what I should do in 2010 July, I should borrow another $17,000 us dollar to reach maximum home equity line in USA, and then I should purchase a two bedroom condo in the city of Surrey, 10 years old or so. I will try to rent out one or two bedrooms separately, and I will spend time to learn the city of Surrey, and force myself to adapt to finance challenge.

The reason to purchase two bedroom condo is to think in long term. There is much easy to sell and also the price can go up more compared to one bedroom condo. The passive income from the rent will help to reduce risk of foreclosure etc.

The total loan amount will be around $150,000 include two homes, one is USA, one in the city of Surrey. There are four bedrooms, and I have chance to serve four people for their housing need.
Interest rate was very low, us home equity loan is less than 2.25%, Canadian is less than 3%.

Follow up 

Nov. 11, 2019 4:59 PM
It is my holiday called remembrance day. I like to work on the research, and write down my thought process about my decision making back in 2010.

I was not confident back in 2010 even though I got the full time job. I had to learn how to hold a job longer than two years.

April 29 2025
I spent 5 minutes to read the blog. Now all condos in Surrey is above $250,000 Canadian dollars. 

2008 road trip from Boca Raton to Tampa

Dec. 15, 2018

Introduction


I came cross my credit card statement when I searched for the airline ticket. I like to write down the road trip I had from Boca Raton to Tampa, and share my experience to visit a startup company for a short interview in 2008.

Road trip


Here is credit card statement with gas expenses.


I drove to Tampa and had a short onsite interview from a small startup company. I had chance to meet a few software engineers.

Google map to show the route


I chose to take I75 instead of I94. One feedback I got from the owner of the company was that I took too long to get there. I drove Ford Explorer 1999, and I drove normal speed under speed limit.






Road trip 14 days in 2010 - Boca Raton to Vancouver

Dec. 15, 2018

Introduction


It is time for me to write a blog to show all my hotel receipt on 14 days road trip in 2010. I did not have wisdom to plan the trip, my friend organized the whole trip. I just learned that the travel can be so efficient in 14 days, I should learn to save money and also visit so many national parks in the United States.

My 14 days road trip


I will write down more.



Actionable Items



I should learn from the road trip. My friend planned the whole trip and also drove 80% of time. I learn the value of dollar. We visited over 10 national parks, the cost of gas is less than $1,000 dollars, and the cost of hotel are less than $1000 dollars.

Follow up 

Dec. 1, 2021
Here is the instagram link I posted some photos for the trip. 
Here is another link. 
Here is the third link. 
Here is the fourth link. 

May 29, 2024
I have chance to review those photos, and I am so happy to go over those photos on instagram.com. 

Case study: Post order iterative solution

Dec. 15, 2018

Introduction


It is very challenging for me to master a hard level algorithm. One way I can do is to ask the algorithm in my mock interview on interviewing.io, and then learn from the interviewees. I did the third time to ask post order iterative solution, somehow I could not figure out the approach the interview took. I like to write a case study on the mock interview

Case study - iterative approach


I will write down more here later.


Case study: Longest univalue path

Dec. 15, 2018

Introduction


It was a busy week at work and after work project, and I did not have time to write a blog for my most favorite mock interview as an interviewer on Dec. 11, 2018.  I came cross the new graduate as the interviewee, and he performed such great work in the mock interview. I like to write a blog to document what I should learn from him.

Case study: the longest univalue path algorithm


I like to start with a story to share how good the experience it was. I will come back to write more in detail.





Friday, December 14, 2018

Looking good but going nowhere!

Dec. 14, 2018

Introduction


It is 15 minutes video called 10 things the rich teach their kids about money. Here is the link. I wrote down the notes in my blog, but somehow I forgot to save it at the end of it. I need to replay, but this time I like to write a blog about #2 with a case study, Looking Good but going nowhere!

Case study of two people with $60,000 dollars


The case study starts from video 2:40 - 5:11/ 15:13.

Assets  and liability
Spending patterns

Bad example:

$6,000/ Month

Pay his bills
Going out
Shopping
Buying things
Getting a new car

Nice stuff - stuck in the rat race, and it will take years to get out.

Good example:

He saves $3,000 and puts it into cash flow investments
Put away $40,000


The 16 Mindsets That can Make You RICH!

Dec. 14, 2018

Introduction


It is very good topic to study called 16 mindsets that can make your rich! Here is the link. The talk is based on the book called the secrets of millionaire minds, mastering the inner game of wealth by T. Harv Eker.

16 mindsets


1. Verbal -
Money is the root of all evil!
Rich people are so greedy!
They become part of our subconscious

2. Modeling
$20,000 dollars vs on the stock market

3. Experience

#1 Creating a Life vs. Life happens to ME
Wealth? I play the lotto every week. I might win it.

How to spot a poor mentality

- Blame - I am not rich because I have kids!
- Justify - This doesn't work! Money is not important
- Complaint

#2 The Rich play to win, the poor play not to lose

#3 The poor wish to be rich. The rich are commited
Do you want to be rich? Mixed emotions - Moral, legal,

#4 The rich think big. The poor think small
Law of income
= value to the market

About to teach a class - 15 300  - Fit class - deliver to millions people

#5 The rich focus on opportunities. The poor on obstacles

half empty/ half full? Poor decisions Rich decisions

#6 The rich admire other rich and successful.
The poor resent the rich and successful.

How can you be something you despise?
Only affects him
Question: Have you resent some one rich? Why?

#7 The rich associate with positive and successful people, the poor associate with negative and unsuccessful people

Energy is contagious

#8    The rich are bigger than their problems
They try to avoid the problems

#9    Rich people are willing to promote themselves


#10  The rich are excellent receivers

Are poor receivers
Are completely comfortable receiving

#11 The rich people get paid based on results

Paid by hour - 24 hours a day -> you create limit on your income.

#12 Rich people Think both, poor people think either or 

abundance <---> Scarcity
There is only so much to go around. There's no enough,

#13 Net worth vs Income 

- income
- working income, passive income

Making money is one thing keeping money is another

#14 Rich people manage their money well
8:15/12:00 - 9:41/12:00

No matter how much money you have
if you know how to manage it
You will be ready when the opportunity to manage incomes.

#15 The rich put their money to work

This is done with passive income - passive income
- money working for you 
- business
Work for you 
rental property

#16 Rich people constantly learn and grow 

Everything I say is right. 





What To Do When The Stock Market Crashes

Here is the link.

Dot-Com crash
Housing crisis

Good lecture from 3:00 - 10:00/ 17:17

Peak          Low        Drop      High         Time
$118.05     $63.54     46.2%   $121.67     91 months
$500

Net worth

The 4 Paths to Retirement And Financial Independence | How to Escape the Rat Race

Here is the link.

Case study: Find all airline tickets I purchased

Dec. 14, 2018

Introduction


It is challenge for me to find all airline/ train tickets and how much I paid for last 20 year. I like to do this case study and figure out how hard it is to work on the task. One of goals is to train myself to keep all receipts and also write a log to document all expenses and explain to myself why I make the decision from the very beginning. I like to train myself to build a good habit to be true to myself, and also train myself to think, analyze, avoid impulsive thinking and purchase, even impulsive decision making.

Case study


I do not have good financial habit because I do not do book keeping and analysis every year starting from 1988.

Here are some ideas I can find to do such research. I can look up my gmail, hotmail and yahoo.com emails.

2006 June 6 Detriot GM interview - Fort Lauderdale - Detroit
2008 Feb. FLL - SHA - go back to China
2008 August 24 FLL to Seattle Microsoft interview
2009 May 9 FLL-CLT
2014 Aug 15 - 24 YVR-SFO
2014 Jan 26 - Feb 11 China vacation
2014 Oct 23 - Oct 28 YVR-FLL-Philadephia
2017 Oct 4 - Oct 20 YVR-Beijing-Shanghai
2018 April 12 - April 18 YVR-SHA

I still missed the tickets in 2012, 2015, 2016; I had a few trips from FLL to SHA in 1984, 2001, 2004. Two trips to New York, one trip to San Francisco, Las Vegas, one trip to San Diego, one trip to Washington DC, one trip to Smoky mountain.



How to Win the Game of Money | Strategies for Financial Freedom

Here is the link.


Are You Making These 6 COMMON Money Mistakes?

Here is the link.

10 Things The RICH Teach Their Kids About MONEY

Here is the link.

#1 Rich parents teach the importance of money
options!
Freedom
Vacation, where to live
Less financial stress life

#2 The difference between assets and liabilities

Assets                                Liabilities

rent it to someone              live in it

2:40 - 5:10 / 15:13 case study of two people $6,000/ month

Pay his bills   nice stuff                1 year invest $40,000
going out
shopping
buying things
getting a new car

Looking good but going nowhere!
There are rich people who have a nice house and the fancy cars

Asset +500/month

#3 How to manage their money

planning and managing
their household expenses
familiarize their kids on
the reality of having living expenses

#4 Different ways to earn money
Get normal job - difference to make money
Assets - other way money is made

Rich Dad's Cashflow quadrant

#5 Developing productive habits

Building habits

#6 No one owns you anything

Entitlement  vs Earning your success

they have to find their own way

#7 Social and influence skills

#8 Delayed gratification (Patience)

Eventually all hard work will be worth it
short term pleasures

Micro speed and Macro patience
Most people are slow every day but want to succeed next day

#9 There is always more money

There is not enough!  There is always more!

#10 The best way to make money is to help others

#11 They understand they can't know everything




10468 148 ST SURREY

It is the home to look into. The price was up.

2016-9-19    $130,000
2017-03-04  $15,7000
2017-03-24  $120,000
2017-12-07  $200,000
2018-12-14  $224,000




Thursday, December 13, 2018

10 hour rule

Dec. 13, 2018

Introduction


It is called 10 hour rule to apply to impulsive shopping and other related activities. I like to look into more about the rule and see what I can work on.

10 hour rule



Personal finance baby steps

Dec. 13, 2018

Introduction


It is very challenging topic to write and I have to be honest to myself. I like to start my research on personal finance every day.

Personal finance research


I like to push myself to learn first, and then I like to find ways to help myself find solutions to solve so many problems in my financial life.

Baby steps


I like to do more case study from my personal experience first. I like to find the area I have to work on.



Monday, December 10, 2018

Game theory study

Dec. 10, 2018

Introduction


It is a good idea to study the game theory. I learn that money is the game through 20 money rules recently, I need to learn how to play the double game, and also need to learn why I got myself in the situation in year 2010. I like to study more based on the fact of my asset in 2010.

Asset study 


I like to study my asset in 2010.

Over 2000 page view a day

Dec. 10, 2018

Introduction


It is time for me to review the statistics of my blog. My view is over 300,000, but according to Alexa.com the blog is too less traffic. I learn that it is most important for me to train myself to think clearly, write short and readable content, and also help myself to be a good problem solver.

Over 2000 view a day


I came cross this statistics and like to share the view over 2000 on Dec., 2, 2018.


Sunday, December 9, 2018

The Four Core Lead Sources Everyone is Using | #TomFerryShow Episode 43

Here is the link.


7 Steps to Generate More Business in Real Estate

Here is the link.

Tips and Advice Every New Real Estate Agent Needs to Know

Here is the link.

Tips and advice:

Business plan
Separate business account from personal account
Learn from those experienced over 15 years real estate agent
Business is not a hobby, 3 or 4 houses sales is a hobby
Mindset, accountability etc.

Daily schedule -
Annual sales - 5 sales, second year 15 sales, third year 36 sales


Top 10 mistakes in my net income $100,000 US dollars from 1999 to 2001

Dec. 9, 2018


Introduction


It is hard for me to push myself to learn personal finance, marketing and sales. I need to learn something from my own mistakes first. I like to write something to help myself to get ideas what to study and how to fix those bad habits and bring up good mindsets.


Top 10 mistakes 


I like to do some case studies first, and then I like to write top 10 mistakes I made. I did some study why those net income over $110,000 dollars were gone in 2010.

1. Brand new Ford Explorer 1999 which costed me more than $22,000 US dollars. I could not handle the biggest purchase, if I learn to purchase a $5,000 dollars reliable car, gas efficient car, then I should try to control all expenses. Low the overall cost expenses from 1999 to 2010, car purchase, gas and maintenance.

2. One travel to Shanghai, over $5,000 US dollars

Entertainment should be reasonable. Stay emotional healthy. Always stay connected to friends or church community. Never feel isolated and need those companions. Relatives just are relatives. Do not spend money on adult even they are relatives.

3. Spent over $5,000 us dollars for my mom's trips to USA.

Consider the cost compared to local area employee's salary. Be a normal person with compassion. Respect hard working people and be one of them. Be a good role model.

Treat your mom as a normal person. A person with expense is the same age with other people in her age, place where she lived, and learn all costs from medical and social activities etc. Do not get too close to relatives, affecting my own business decision.

4. Build a good habit to do annual expense report, audit monthly, annually. Do more research.

I found out the laptop I purchased in 2002 with cost more than $1800. Even the laptop was top quality, but I ended up to purchase second one and third laptop for myself with cheap prices in less than 10 years. The laptop still works and I need to learn from my work place. A computer can run more than 10 years, that is the reason business succeed.

Review my purchase decision and catch up learning if I follow behind.

5. I need to learn how to make purchase decision. What to purchase, price range. If I can not resell the product in 50% of price, I should not make the purchase.

...


10 Reasons Why Most Agents FAIL in Real Estate

Dec. 9, 2018

Introduction


It is time for me to study another career called real estate agent. I used to work at Motorola, and I knew friends who worked part time as real estate agents. So I like to do some case study and learn something.

10 Reasons why most agents fail in real estate


Here is the link.

How to Earn $1 Million in Real Estate in 4 Steps with Absolutely NO BUDGET

Here is the link.

HOW TO PREPARE FOR A HOUSING MARKET CRASH - KEVIN WARD

Here is the link.

U.S. Economy Enters Decline: Layoffs, Store Closures, Chase Mortgage, Ford Motors, Verizon

Here is the link.

Lack of sleep

Dec. 9, 2018

Introduction


It is a short study related to lack of sleep recently. I did not pay attention to my sleep habit recently. I should sleep eight hours and do enough sports to keep myself health.

Lack of sleep 


I found an excuse for me to explain how I can push myself hard in a 2-hour or 1.5 hour contest last Saturday. One is from 4:30 PM - 6:30 PM, one is from 6:30 PM - 8:00 PM.




ONLY ONE DEBT LEFT!!!!! Debt Free Journey Update and the Key to Paying off Debt

Here is the link.

Staying Motivated in a Long Debt Free Journey ~ Dave Ramsey's Baby Step 2

Here is the link. 17 minutes video. I found the idea to visualize the debt is such a good idea.


What We Cut From the Budget in Order to Start our Debt Snowball ~ One Income Family

Here is the link.

My laptop purchase and my Ph.D. study

Dec. 9, 2018

Introduction


I reviewed the purchase of SONY laptop I purchased in 2002 Sept. I went back to FAU for computer science PH.D. program in August 2002 and was lucky to get the support financially by the computer science department the very first term.

Case study


I did make the purchase. Here is the blog. I reviewed the purchase in Nov. 2018 and found so surprised about price tag. It was definitely an impulsive purchase. I did not do any research and made such bad purchase in my life. I did not learn how to use the money on more important things.

Alternative ideas to celebrate


I should consider to purchase an investment condo in the city of Yichun in 2002. Or I should purchase a cheap desktop computer. I should do the research and lower the risk of wasting money.



First Time Home Buyers Guide - Tips and Advice

Here is the link called first time home buyers guide. The video is 24 minutes long.

Buying a house: my experience and tips

Here is the link.

Home Affordability- How Much House Can You Afford?

Here is the link of video. 19 minutes.


Case study: purchase a home or go for a vacation

Dec. 9, 2018

Introduction


It is my finance learning research. I like to study a topic called how to make smart finance decision through when to choose vacation, when to purchase a home, and how to avoid overspending with relatives.

Case study


I came cross my loan application in 2011 July. I brought into $17,000 US dollars to live in Canada in April 2010, and then in two months I got a full time job in June 2010. After 15 month saving, I went to the Scotia bank and got a loan application. My asset was $26,682.00 by checking the loan application. 

In February 2012, I took the first vacation in third year at the current job, I ended up to spend over $5,000 dollars on the vacation.

I like to case study those two activities together.



Case study: My home search in 2001

Dec. 9, 2018

Introduction


It was very challenging for me to take the job full time to work for Trendium located in the city of Sunrise starting from 2010 Sept. I did a condo search near the city of Sunrise a few times but I did not have chance to make purchase. I like to do some case study and review what I learned.

Case study


It was in 2001 and I started a full time job to work for a startup. I did notice that I had to drive more than 25 miles one way to get to the office. I noticed that it was not easy task to do that. I did spend some time to do research and visited a few condos.




If You’re Broke Or Struggling Financially

Dec. 9, 2018

Introduction


It is 40 minute video called "If you're broke or struggling financially...". Here is the link. I like to study again and then I like to take some notes from the video.

How to change your finances?







Mistakes I made on furniture purchases

Dec. 9, 2018

Introduction


It is time for me to write a blog called mistakes I made on furniture purchases. I spent over $4000 dollars close to the amount of down payment of the condo I purchase from 1999 to 2001. I like to write a blog and do some research on this topic.

How to make good argument?


I purchase a condo in 1999, a condo as is. There were so many things to work on I would prepare for, a central AC with less than five years life span, a floor to be tiled, all other conditions related to window, plumbing. Those are necessities. I should go for used furniture and purchase it on sale when people moving.

I should do enough research and the figure out the solution.

Set a cap on monthly grocery expenses

Dec. 9, 2018

Introduction

I like to do some research and how to survive a month by setting a monthly grocery expenses maximum amount. I like to get to the average amount since I spend too much.

Do not spend money on travel unless I have a home

Dec. 9, 2018

Introduction


I like to write a blog to document my struggle financially in Canada. I like to write a blog title called do not spend money on travel unless I have a home in Canada.

Case study


I traveled to China to visit my mom and relatives in China in 2012 spring festival. I spent over $5,000 dollars on the trip. I did not realize that I was aging and in my forties and I did not have a plan to buy a home for myself, a down payment for a condo taking more than $15,000 dollars for down payment.

I also need to meet the challenge for the big mortgage amount and long distance to travel to work. I have a lot of work to do and need to learn how to find solutions. But I could not control again to go for this overspending trip.

It is so hard for me to learn how to treat relatives just being relatives, do not give away cash on a trip.

Problem solving skills

Dec. 9, 2018

Introduction


I had mock interviews over 400 people on algorithm and data structure from 2017 to 2018, and I had chance to observe how each one solves problems. I learn huge amount of problem solving skills. Now I like to apply those problem solving skills to my personal finance. I like to write blogs related to my personal finance, I like to push myself hard to learn and explore new opportunities in my future life.


Learn at least three ways to solve problems first


Learn to solve the problem brute force 


Learn to solve the problem optimal


Cut expense and time


Have drills to solve problem



Biggest lesson learned with $100,000 US dollar price tag

Dec. 9, 2018

Introduction


It is hard for me to grow as an independent and gain some life and living wisdom. I paid the price with all net income from 1999 to 2001, I spent every dollar of those $100,000 US dollars to learn the most important lessons in my life. What is the biggest lesson I learned with that $100,000 US dollars tag?

Live under mean?


I left Florida in 2010 after 14 years. I felt so struggle financially. I experienced the real estate under water in Florida. I did not live under mean in Florida. I did not plan long term for my 14 years living in Florida. I left USA and went to Canada without financial confidence and worry about my future career and life.

Be street smart and get close to your siblings


Be your sister's neighbor in your home town?


Get to know best smart person in Florida?


Get to work best scientist in the world?


Learn the value of research, do it early?


Learn the value of wall street from my roommates?


Get to know the societies from my roommates?


How to support your mom as an adult?



Biggest challenges in my life from 1996 to 2010

Dec. 9, 2018

Introduction


It was my productive years from 1996 to 2010. I had so much experience in education, full time job, part time job, up and downs. I also learned so many lesson and got connected to the community and society. I like to write a blog called biggest challenges in my life from 1996 to 2010.


Hard to build wealth


It is so tough for me to build wealth in south florida from 1996 to 2010. When I left Florida, I did not have any saving left, I only have some 401K, IRA CD left, and then I had a home equity line open for $58,000 dollars but home price went down. I quickly got in debt on home equity with $38,000 dollars in debt, and took $17,000 dollars to start a new life in Canada as an immigrant.

In other words, I got over 14 years experience to make a living, and a debt associated with a home, and a permanent residentship in Canada in January 2010.

I had low interest loan from home equity to allow myself to recover and find a full time job in Canada in 2010.



Case study: 1999 to 2001 expenses analysis

Dec. 9, 2018

Introduction


I have to push myself hard and work on my personal finance. I spent one hour to go over the expenses by my memory, and then I like to do some analysis of my personal finance. It is hard to see all those expenses to take away my net income, and I like to write something to document my personal mistakes in finances.


Case study


I did put together some excel sheet and pdf in my personal folder. I like to share my experience for education purpose, and also push myself to learn and research how to manage myself emotional, financial, mentally, and explore the wealth secret.

Here is the folder of my personal finance folder to do some research.


Eat to live, not live to eat


I used to attend FAU4Fun group, we got together and went out for buffet in Florida a few times. When I had a full time job, I did not learn that the grocery bill can add up biggest amount in my life. I can use those dollars to invest to purchase extra home and put into the bank at that time to generate 5% interest.

The grocery bill I estimated is over $15,000 dollars. I should cut down less than $300 a month. Save 6,000 dollars.

Travel, driving and my mom and relatives


I did not learn enough toughness of life through my personal experience and my family. When I review the salary and income huge difference, I did not learn to use my income to leverage them to invest a lot of real estate properties. I chose to spend on international travel for my mom, myself, and all kinds of expenses.

Sometimes I learn that your relatives are not your best friends. I chose to become a Christian starting from 2001. I learned to carefully choose who you should stay close to your life.

My expenses related to my mom is huge. $11,650.00 dollars. Why I chose to let my mom travel to Florida? I am on working visa. Do my mom like to travel? Why I chose to have a trip to Shanghai only for a few days and paid for all six people's expenses in 2001?

I have five siblings. How to deal with wealth and share my wealth with my siblings? I think that cash gift to adults is not appropriate at all. I did not understand that the income and jobs I had were created in economical bubble, startup companies with investment, it is the big check syndrome of three years in my whole life.

My car payment  


The car expense was too much and I only need to drive to work and grocery. I did not explore public transportation at all.

My car payment is $16,500 dollars.


Delay gratification


I did pay for a condo for my mom. I did not own anything from that property. But it was such great teaching example in my life for an investment. If I can control my money very well, then I can control my emotion, my life much better.

I should consider if I can get US greencard from the work or not. How long can I survive on the job? How long does the company survive?

I paid for a condo in the city of Yichun. My sister came out the idea and made the purchase. She wrote a letter to explain the importance to have a home, and my brother also wrote a letter to me as well to explain how hard he worked in Shenzhen area for a few years. The living condition and the salary he could make for a living.

I have compassion for my mom and my sister, and my brother and his family. I did not argue and pay off everything.

But I should consider if I can sustain my life style or not. I should consider to go back to my home town as well one day, without a job and I need to make a living in the city of Shanghai.

Expenses in detail

Travel to USA - my mom's travel   $3000.00 us dollars
China travel - $7000 us dollars
My travel - over $3000 us dollars





Saturday, December 8, 2018

weekly contest 114

Dec. 8, 2018

Introduction


It is my most favorite weekly contest. I play again but I did not perform very well, I like to write a blog to document my experience.

My performance


I took the weekly contest just after two hours code screen. So I was kind of tired.

First algorithm - I solved without any problem.

Second algorithm - I misunderstood the problem requirement, I thought about two set of numbers in the array, with same number of elements, but sum of one set is the double value of the another one. It is so tough to solve the problem, x1 + x2 +... + xn = sum, how many options?

Third algorithm - I wrote the solution but I failed the test case; so I learned that delete elements will affect the lexicographic order, I need to start from index = 0 position of char in the array again. I changed the idea but I came cross another bug, much more difficult to solve.



Actionable Item


I need to learn that the algorithm should be easy to solve and write. Make sure that I read word by word, write down the keywords and then argue with myself if the problem is too tough to solve. I should try to read the problem statement and understand again.


Case study: mock interview on algorithm post order iterative solution

Dec. 8, 2018

Introduction


It is another mock interview. Recently I was so surprising to work so well with a Facebook intern, an Amazon intern, and a few engineers preparing for Google onsite and other very well. Since I learned after I got feedback with complaint from a San Diego master degree student on Oct.1 5, 2018. I like to case study the mock interview I had with a young graduate with 2 years working experience, and he learned the programming by himself.

Case study


I like to give the interviewee options at the very beginning so I can test his confidence level, and what I should adapt to the interviewee, and help him/ her to learn together with me on the algorithm.

So I asked him about his junior experience, and he told me that he had only two years working experience.

I asked him to choose to work on hard level algorithm or starting from easy one to a hard level one. He chose the hard level one.

I asked him to choose one hard level one, I used the algorithm over 10 times to interview others. I have a lot of experience on the one. Or choose one hard level one, I did not use the algorithm to interview others, this the first time, and I had the one in one phone screen from big four software companies in 2017 February. He chose later one.

So I gave him Leetcode algorithm I just worked on last week, post order iterative solution.

145. Binary Tree Postorder Traversal

Give out major hint


It is time for me to give out the hint after first 20 minutes discussion. I asked the interviewee to work on finding the first one in the post order traversal. I did also give out hint to work on a few test cases, and ask what is difference to find the first one.

Test case 1:

Input: [1,null,2,3]
   1
  / \
 2   3


hint: how to find the first node in post order traversal
 
    2 is the first one

Test case 2: 
   1
  / \
 2   3
  \
   4
hint: should be 4 -> first node
    how do find the firs one, what is difference?
    4 should be the first one

Test case 3:
 
   1
  / \
 2   3
  \
   4
   /
   5
 
Test case 4: 
  1
  / \
 2   3
  \
   4
    \
    5

Ask the interviewee to code


I asked the interviewee to code, just code to find the first element in post order traversal. Once you find the first one, the rest is easy since you can repeat the same process.

Continue

I talked based on my practice how I handled to find the second element in the post order traversal, I chose to use hashset to make visited nodes, so I can find 3 in the simple test case
   1
  / \
 2   3

Because the first element is 2, and then go back to stack, peek the top element with value 1, and then check its left node 2 which is already visited. But the interviewee told me that he was thinking to do something different. He also explained to me later using an example how it works. Basic idea is to break edge after it is visited.

For example, node 1 is visited, and node 1's left child node is visited, then 1's left child set to null.

Analysis based on facts


I also learn how to work with young generation, and my main weakness right now is willing to help, how to guide them break through to find the solution first.

Actually the interviewee has strong problem solving skills compared to me. I usually do not think based on the analysis, I choose to base on my experience. But actually there are so many solutions, the interviewee thinks carefully.

How to find the first element in post order iteratively?


From root node, go left, if there is no left child, then go right; continue until a node is met without left and right child.

Here is the code written in the mock interview by the interviewee:

Replay is good time to learn things

Dec. 8, 2018 1:52 PM
I replayed the video and learned a few things to work on.

The interviewee solved over 400 Leetcode algorithms so far, and he only spent 8 months to work on.

He worked way up from the easy ones first.

I replayed the video and reviewed the chat we had after the mock interview. I need to figure out how to handle conversation better.

38:00 - 41:36/1:14
The interviewee went over the example of tree using example of tree with node 1, 2, 3
   1
 /   \
2    3

stack = [1, 3
res = [2, 3, 1]

What do you think?

41:50 - 46:06
I asked him to work on the tree with 1, 2, 3, 4, 5.

The interviewee went over the example of tree using example of tree with node 1, 2, 3, 4, 5

   1
  /  \
 2   3
  \
   4
   /
  5

stack = [1
res = [5, 4, 2, 3, 1]

The interviewee worked on the solution to find the first node without any children. Each time the node is visited, the tree structure is change to remove the relationship parent/ child relationship, set it's left child to null or right child to null.

stack = [1, 2

   1
     \
2    3
 \
  4
 /
5

put node 4 into stack, stack = [1, 2, 4

   1
     \
2    3

  4
 /
5

put node 5 into stack, stack = [1, 2, 4, 5

   1
     \
2    3

  4

5

Now peek the top element in the stack, no children, put 5 into result

result = [5, 4, 2,

peek node 1's right child 3, put 3 into stack, set the 1's right child to null

1

   3
Now it is time to put 3 into result list.

Actionable Items



I also spent time to write a discuss post. Here is the link.

Actionable Items



I also spent time to write a discuss post. Here is the link.

I learn how to behave much better in the algorithm interview. I need to improve my communication skills, and express myself better.

I also got connected on linkedin, so I can follow up later on how the interviewee makes progress in the job search.


My feedback as an interviewer




Feedback from the interviewee


32870 George Ferguson Way, Abbotsford, BC

Dec. 8, 2018

Introduction


It is hard for me to understand the rental market in Canada. If I have over $100,000 dollar cash, then I will do something else to invest. The price was so high already.

3 bedrooms, 2 bathroom unit for sale, asking price $329,000.

DNA test

Dec. 8, 2018

Introduction


It is time for me to support the immigration case as the sponsor. I just paid $650 dollar for a sibling test, and it is most expensive test I paid for two siblings, one is in China, one is in Canada. I put everything in the pray for the immigration case.


740 Hamilton Street, New Westminster

Dec. 8, 2018

Introduction


The unit on sale is over 700 square foot. Compared to Surrey low rise building, the high-rise building is built in 1974. I like to look into BC assessment. 2 years ago the price is around $220,000 dollars.


6468 195A ST SURREY

Dec. 8, 2018

Introduction


It is Saturday morning. I opened the email called Fraser homes, and then I studied the unit on sale. The owner bought it in Nov. 2017, $200,000 dollars for one unit 456 square foot, asking price $314,000.

This is the market


I like to learn the market. One unit a time, I want to get familiar with the community in Surrey. The home was built in 2016.

Case study: My twin bed mattress purchased in 2010

Dec. 8, 2018

Introduction


It was most difficult time for me to adapt the new life in the city of Vancouver in 2000. I did not have a lot of savings in my bank account, and also I had a debt in my USA condo. I found a small home with the help from Florida, I was on road trip to Yosemite national park with my friend, 14 days road trip from Florida to Vancouver. I got a call from Florida and my friend told me that there is a home for me in the city of Vancouver. I like to write a blog about my twin bed mattress purchase in 2010.

Case study


I like to have a mattress so that I could sleep better. I found one on Vansky.com and it took me $20.00 dollars. I drove to the city of Richmond and got the mattress, and then I put in the trunk of my Ford Explorer. I got it and used it since then.

At that time, I stayed at home and looked for a full time from April to June 2010. I was paying a lot out to my car insurance, rent fee, food, and I did not know where was my future job. I made a purchase the old used mattress by a Chinese family.


Actionable Items


I still remembered that the day my landlord helped me to move the mattress off the truck.

Actionable Item


April 6, 2019
I got citibank statements from 2010 April to December. I like to share the citi bank statement and track how much I spent on the first few months.




Case study: My mom visa application second time in 1999 II

Case study: My mom visa application first time in 1999

Dec. 8, 2018

Introduction


It was the decision I made after I purchased a condo and a brand new car. I decided to invite my mom to visit USA. I like to write a blog about the trip.

Case study


I did invite my mom to apply the visa. My brother took my mom to Beijing and applied the visa. The visa was denied. My mom told me that the road was so slippery since it was winter, black ice on the road.

Actionable Items


I should learn how to think carefully, and when I like to make some decision, I should consider carefully about the weather condition, and also living expenses about others. At that time the salary of a person in the city of Yichun was less than $200 Yuan, I spent one year's salary for my mom and my brother to apply visa, a trip to Beijing.

I learned from the experience. I never should consider the trip and should learn to take advantage of my high salary into investment. Never waste money again on road trip, international trip. My mom did not want to have a trip in her early 70s.




Case study: My necklace purchase in 2000 and expenses

Case study: My condo association booking experience one year in 2000s

Case study: My interview dress purchase in 2008

Dec. 8, 2018

Introduction


I got onsite interview from Microsoft in 2008. I make purchase for interview clothes before I went to interview in the city of Seattle.

Case study



I read the email that interview dressing code was casual, but I did purchase clothes in Ross and try to put them on. I bought more than two pieces of interview suits after 2000. But I still went out to purchase another suits.


Live a simple life


I should spend those dollars on Microsoft stocks instead. $100 dollar saved can purchase 2.5 shares in 2008, now the value is over $250 dollars. Next time if I can get an interview from a nice company, I should purchase stocks instead.





Case study: My interview dress purchase in 2000

Dec. 8, 2018

Introduction



It was most expensive shopping of suits I made in the year 2000. I went to Boca Raton town center and purchased a suit with full price over $200 us dollars. I wore then for onsite interview of Trendium in the city of Sunrise.

Analysis


I did not consider alternative solution, cheap solution. I did not think carefully about expenses. How often do I have chance to wear suits.


Case study: My rollerskating shoes purchase in 2000

Dec. 8, 2018

Introduction


It was another waste over $200 dollars. I purchased shoes brand new with protection of knees and wrists, but  I only used them less than five times.


Case study: my long distance call expenses from 1998 to 2001

Dec. 8, 2018

Introduction


It is so easy to come out the mistakes I made, since I did not have chance to keep those net income over $100,000 dollars from 1999 to 2001. One of biggest waste was to use international calling cards and I paid over 60 cents/ minutes for a long time.

My case study


I did not document all expenses of long distance calls. One time I remembered that I spent over $250/ month on long distance call to my sisters and my mom in one month.

I did not keep those long distance bill statements.


Case study: My satellite TV installation in 2000

Case study: My queen size bed purchase in 2000

Dec. 8, 2018

Introduction


It is another waste of money. I chose to purchase a brand new queen size mattress in 2000. I like to write a blog about it.

My purchase


It was my thinking process, get brand new queen size mattress. I did not do research how to get used one, I like to pay full price. I got the steel frame and mattress, and I also paid for delivery from Rooms to Go. The whole cost was more than $500.00 dollars. I drove my brand new Ford Explorer and visited showroom near Federal highway.

Actionable Item


I should always consider to purchase used ones. I should always try to reduce the cost. My Chinese friend told me that some one likes to rent a room near FAU, but I chose not to rent the second bedroom out.

All my financial decision and life style was not carefully reviewed.



Case study: My twin bed purchase in 2000

Dec. 8, 2018

Introduction


I had full time job as a software engineer, and I started to use most of them on purchase. I paid full price on a twin mattress over $200 dollars.

Case study


At that time I still had carpet in my condo. I made one bedroom as my study room, and my mom shared one bedroom with me, she had her second trip to Florida over 4 months. She slept on twin mattress, one night she fell of from mattress but she did not tell me.


Case study: My dishwasher purchase in 1999

Dec. 8, 2018

Introduction


I purchased a condo with old cabinet, and the first six months I noticed that the cabinet was broken. So I came out the idea to install a new dishwasher instead. I like to do a case study.

Case study


I did not learn how to invest all my net income on future investment or savings for future. I started to fix all the issues I had. I spent near $300 dollar for a dish washer in 1999 and then paid installation fee near $200.00 dollars.



Case study: My Orlando trip with my mom in 2000

Dec. 8, 2018

Introduction


My mom visited me the first time 5 months in Florida. I took a vacation to Orlando with my mom and we spent over $800 for 2 day trip to Orlando theme parks in 2000. I like to write a blog and this was another overspending trip.

Case study

I had a full time job in Trendium and then I took a vacation to Orlando with my mom. We spent money on two theme parks with full price, one night hotel, and we spent lobster buffer for each of us over $35.00 dollars. I went to shopping mall for clothes.

Lessons learned


I became a Christian after year 2000. I learned not to waste money to drive car long distance without offering other to share drive. I practiced that from 2000 to 2010. I should invite other to go to Orlando trip with us, reduce cost and have more fun.


Facts to review


The cost of the trip is over $800 US dollars.







Case study: My clothing sofa purchase in 2000

Dec. 9, 2018

Introduction


It was another huge mistake I made. I also like to document it using a blog.

Case study


I purchased two brand new leather sofa from Rooms to go over $2,000 dollars in 1999. And I also purchased three glass tables to match the sofas. But in my bedroom, I had a sofa I moved over when I rented the place with my roommate in Unit #22.

One day my mom and I sit on the sofa, one of legs fell off. It was just a minor thing, I can drive my brand new Ford Explorer, and learn how to purchase a few nails, or ask a friend to help, put the leg back and showed off my problem solving skills.

Instead I went out with my mom and purchase two sofa from Rooms to go outlet, used ones or cheap one. But it still costs me over $600 dollars plus delivery fees.

When two delivery people moved the sofa into the living room, and they found out that the sofa could not fit into living room. Instead they just pushed so hard with scratches, put two leather sofa into my living room instead.

Actionable Items


I had a sister who was a teacher retired in the city of Shenzhen, she always planned to do things. She shared with us her plan where to put things in her new condo in Shenzhen before she hired contractor to do the work.

Compared to her, I like to review how I handle a project. Do I make a budget? Another $600 dollars? Later in 2015, my renters tried to sell those clothing sofa, but we could not sell it. I paid my renter $30.00 dollars to get rid of them. He gave away the big one to his coworker.

I really learned from the lessons how to make purchase, what is the way I solved problems. Do I try to learn something new, or reach out the community to help others when my mom was in Florida?

Always look up the salary a graduate makes in the city of Yichun, annual salary when I make a purchase. $600 US dollars sofa at that time can pay 10% of a condo in my home town. At that time I was in my 30s. I could not believe that I was so naive and indulge myself on spending.

Do not overspend. One day those classmates of mine back in my home town, yichun city jiangxi province, China all have a home, make a comfortable living with retired job and home and family, I have nothing to rely on.


Actionable Items


Follow up
March 24, 2019
Now I have one empty bedroom in the rental condo. The situation is so dynamic.

Case study: My 56 inches projection TV purchase in 1999

Dec. 8, 2018

Introduction


It was most expensive TV I purchased over $1000 US dollars. I like to write a blog to document the issues I had and how I learned from my mistake.

Projection TV


First I should not purchase big projection TV 56 inches. It was too big to fit in my small living room. I developed the headache when I watched the TV too long. I experienced all kinds of problems, I did not have friends to call or I can call, I watched a few movies on HBO channel whole day, I really felt so boring. I did not know what was the feeling.

One time I had to put a tiled floor on my home, I need to put the TV in my Chinese neighbor's home.

How to get rid of TV?


The TV was broken in less than one year warranty. I did get it repaired. And then it was broken in 2008. I had difficulty to throw into garbage can, since it was too heavy and huge. My roommate was a visiting professor and she told me to open the wooden box, and broke into small pieces, she helped me to carry down and threw into garbage can. It weighed more than 200 lbs, the TV set was with four wheels.

Some facts


I did not learn the basics of finance. I should learn to control expenses. I did not have US permanent resident ship and I was on practical training and H1-B, and the job I had called Atlantic entertainment was not stable, we had financial difficulty to get pay on time.

I had a phone screen from Microsoft but I could not pass phone screen, and my coworker found a full time job in Motorola and left Online gaming.

At that time I had office depot onsite interview but I could not make it on time.

I was too optimistic and also loved to spend money on everything. That was so bad.



Case study: My piano lessons in 2000

Dec. 8, 2018

Introduction


I did not know why I came out the idea to learn how to play piano. I used to work in the city of Sunrise for a startup Trendium Inc. I called my Chinese friend in Motorola and asked her daughter's piano teacher. I decided to learn some piano from the teacher.  I like to write a blog about the lessons.

Case study


It was challenge for me to learn to play piano. I bought a touch sense keyboard and bench and support. It costed me over $300 dollars. And then I decided to take some lesson, the lesson was $22 dollar for 45 minutes.

How many lessons did I take? I could not remember. I paid cash and documented the purchase.

Actionable Items


I had to spend time carefully again. Money cannot buy everything. I had limited time and resource, if I could find ways to improve, I better do it by myself.

I remembered that my Chinese friend chose to purchase a used piano with much better condition, and then she chose to find tutor from Lynn university piano major students. She had a MBA degree and worked on business management at that time.

I should learn some basics about finance and economy, and I should spend some time to do a lot of small project and try to reduce cost. One time my Chinese friend in the church invited me to go with her to piano room in FAU music department, there are so many pianos free for people to practice, each has one room.

Always be cautious when I make purchase. Consider if I can try to use free tools to learn and then try small amount first. And also I should try to resell item, consider reselling values as well.

I am not the smartest person. If I can get a job, then I may be lucky. I should take it slow to spend money, and think about long term.



Case study: My Ford Explorer maintenance in 2010

Dec. 9, 2018

Introduction


It was another overspending maintenance before I started road trip to Canada. I spent over $1,000 dollars on maintenance. I like to do a case study on this maintenance.


Case study


I did not need to do those extra things, just engine oil change. But I even took the advice to replace the shock. My friend told me that I spent too much on the maintenance as well.


Actionable Items


I need to spend time every year to learn basic maintenance of car. I need to learn how often the car should replace those fluid, common problems.

I need to save money and improve my driving safety knowledge.


Case study: My trip to Mexico to get visa in 2000

Case study: My relatives trip to Shanghai from Yichun in 2000

Dec. 8, 2018

Introduction


It was most expensive trip to Shanghai in my life, I paid six people train tickets round trip, 3 day hotel in Shanghai and costed me over $5,000 US dollars for less than two weeks vacation in China.

Case study

My mom just went back to China, and she was in her early 70s. She had her first stroke. She could not bend knees when I walked down stairs. We had to help her learn how to walk since her stroke affected her in several ways.

Analysis 


I paid cash to purchase a brand new TV for my mom over $2500 Chinese yuan. I did not know how I came out the idea to have a trip for all of us. I did try to please my mom and help my mom recover from stroke. I did not believe that the trip could help my mom recover, since she needed two people to handle each side.

$350/ one room for two rooms, train ticket for each person with a bed costed more than $200/ one way each way. At that time, a college graduate's monthly salary is around $120 Chinese yuan.

I did not carefully consider how much money I spent on those nonsense trip. Considering that a college graduate only makes a salary around $120 Chinese dollars, I spent over $5,000 US dollars, a person 4 years salary for a short trip for a group of six people

Never underestimate the bad behavior from the very beginning. I just could not believe that I made such poor choices and wasted $5,000 dollars for a trip, which could be used to purchase a two bedroom condo in the city of Yichun in 2001.

Actionable Item


There are so many articles to talk about visiting parks nearby your home. Take a walk and other things. I have to take seriously to read those articles again.


Case study: My mom second US trip to Florida in 2000

Case study: My mom first trip to United States in 2000

Case study: tennis lessons in 2000

Case study: a private coach to reduce accent in 2000