Earl Nightingale The formula to becoming rich (the most powerful motivational speech ever)

Here is the link.


3:02 / 18:59

Earn big income - the difference is to decide make more, and make business make more.

Without decision to make a pie, she will not check the recipe.

Look for rules to make more money.

Lucky, smarter, alibi

Try, keep trying. Dream up. All self-made.

7:44 - 9:00 / 18:59

Our rewards in life is exactly matching to our contribution of our service.

12:00

Using gold mind ?

Get up one hour early - sit down, clean sheet paper, write down financial goal. Keep to yourself. What do you mean to you and your family?

Contribution and your income goal.

15:00 - 18:00 / 18:59

Attitude

Human being can alter their life.

Behave yourself - always be suspicious.

Exposing Bad Money Advice

Here is the link.

1. About life insurance

Do not over insure yourself

2. Save as much money as you can
To invest money,

3. Bigger home are better investments - huge slump - terrible advice

Not always go up.
Why you overextend yourself?

4. Stock market -Stock is so high to sell, it is so low to purchase
Market timing - consistently investing; but by averaging, it goes up.

Over a period of time, you do not need to worry about market going up or down. The idea is consistently investing the money.

5. Focus on monthly payments - never ask you how much you like to pay, every month you like to pay

6. Take out student loan as much as you can

It is terrible advice. Student loan can cover up everything, food, utility and everything. The loan will hurt you and add up in a long run.

Recession Coming - How to Thrive

Here is the link.

Have an emergency fund -

Space does not need, a new car, and all other things

Pending recession - payoff bad debt, income comes down/ lose income

Do not go back to school for recession - nothing to do
Look at stats - more people than ever go to graduate school

There is nothing to do
Go back to school full time - income
More loans if you go back to school, further in debt. Cost and benefit analysis

How to thrive in recession?

4:30 -
1. Consider starting a business - during recession, government looks for more people to start a business
2. Those business on failing, buy failing business, a number of reasons
3. Buy real estate
It seems to be no brain. Owner finance, lease options.

4. Willing to be mobile, move around

Recession can be local, global and every other places

5. Invest in stock market

Psychology of investing is very challenging, when you see things going down.

Continue to invest in the stock market, when the market rebounds, then ...

7:30 - 8:10

Be fearful when others are greedy and greedy when others are fearful

Warren Buffet

How We Save More Than $30K a Year - Things We Don't Buy

Here is the link.

The cost of new car is trenmendous

Used car:
Cost: $2,000

5 Year
Used car cost
$7500

We don't wear any jewelry, purse and other expensive

Savings: $2600/ year expense

Many credit card companies offer rental car insurance

$15 - $20 a day

Saving: $280/ year

Clothes expenses

Minimalism
Savings: $600/ year

Our free library tools
- borrow from local tool library
Savings: $500/ year

Toys, toys and more toys
Savings: $600/ year

Savings: $31,000/ year

Family Lives Rent Free for Ten Years (#HouseHacking)

Here is the link.

Rent out a large home and pay for a small condo expense.

2:20
Rent out rooms -

3. Strategically down size -
Rent out a large room, profit to pay for a small condo

How does it work?
Our home renovation - 90% contractor will pay for us.

After 3 years strategy

Before / After

End result
profit
Generating home


2
Airbnb, VRBO & Granny Flats

Talk to your landlord and pay specific attention
to subletting restrictions in your lease

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

Here is the link.

How to save 70% income?

Buy nothing

Facebook exchange program

5:00 - 6:00
Develop budget and track spending

All potential savings

Books, tax report, museum ticket
Can I get a little less?
Lower the price
You never get hurt to ask.

House hack and live rental free

The best ways to teach your little kids about money

Here is the link.


6:00 - / 8:43
Delay gratification/ impulse control

How to make your kid a money genius even if you`re not!

Here is the link.

Think about how many square foot in the city of Yichun

Dec. 27, 2018

Introduction

It is very simple thing to do. But I have to write down and push myself to train myself, do not get emotional. Think carefully, hold principle as a business woman. Discipline myself to identify wants and needs.

Do not buy luxury

I used to purchase a super expensive SONY laptop $1800 US dollars in 2002. I did not have permanent residentship in USA, I may not have income at all. I could not control impulsive to shop a laptop with 12 months interest free in 2002. One thing I can do is to think about $1800 US dollars, exchange it to Chinese yuan, and it was $16,200. In 2002, the home price in my home town Yichun is about $800 yuan. That is 200 square foot home.

The tip is to calculate how much I can pay for the home in the city of Yichun.

Do not give away cash gift

I used to give away cash as red packet in 2012 vacation Chinese spring festive, $2000 yuan each time. I paid for food $4000 yuan as well. Think about the value of the money, how much I can purchase in term of square foot in the city of Yichun.

Vanguard 500 Index Fund: Low-Cost, but Are There Better Alternatives?

Here is the article.

Charley Ellis and Burton Malkiel: "The Elements of Investing" | Talks at Google

Here is the link.

Burton Malkiel Wrote "A Random Walk Down Wall Street" In ‘73. Have His Views Changed?

Here is the link.

Beth Kobliner: "Make Your Kid A Money Genius (Even If You're Not)" | Talks at Google

Here is the link.

8 books that can help you increase your net worth

Here is the link.

Winning the Loser's Game, 6th edition: Timeless Strategies for Successful Investing

Here is the article to read.

How to Win the Loser's Game, Part 1

Here is the link.

The Elements of Investing: Easy Lessons for Every Investor

Here is the article to read.

A Random Walk Down Wall Street

Here is the book to read.

Monkey Business: Swinging Through the Wall Street Jungle

Here is the link to get some idea about the book.

BUDGET 2018: MSP Premiums in BC will be eliminated starting in 2020

Here is the link.

7 Steps to Save Your Financial Life Now: How to Defend Yourself Against Rigged Markets, Wall Street Greed, and the Threat of Financial Collapse

I like to understand the book quickly by searching youtube.com.

Daniel Solin | Talks at Google

Here is the link.

18:00 - 21:00
8 trillion dollars on index funds

Questions and answer

40:00 - 1:03/1:03

It is very good communication and I like to look into some keywords. 

The common factors of successful people - Darren Hardy

Here is the link.

Here is the article I read related to Darren Hardy.

Never set a goal - $6,000 dollar one hour to speak

Massive failure

SUCCESS- The 6 Rules of Compounding Success featuring Darren Hardy

Here is the link.

6 Rules: 1. Choose Wisely 2. You Never Own Success 3. It's What You Do With What You Know 4. There is No Secret 5. Become a Master at Something 6. Re-wire Your Belief System

THE COMPOUND EFFECT SUMMARY

Here is the link.

Battle instant gratification
Small choices every day - lead to

Tiny choices each day - profound result

The compound effect is always in action

Small, consistent effort every day

PNTV: The Compound Effect by Darren Hardy

Here is the link.

1. Magic pennies
2. Unsexy fairy tales
3. Hello, Mr. Mo!
4. Bookend your days
5. Next 5 years

Daily Consistency = Massive Results: THE COMPOUND EFFECT by Darren Hardy | Core Message

Here is the link.

PNTV: The Slight Edge by Jeff Olson

Here is the link.

1. Anti-quantum leap
2. How's your axe?
3. Course corrections
4. Integrity
5. Starting

Introduction to the Slight Edge- Part 1

Here is the link.

Philosophy -> Attitude - Actions - Results - LIFESTYLE - (Finances, Health, Business, Personal development, Relationship)

What's uncomfortable early becomes comfortable later -> 5% success -> Progressive realization of a worthy idea

What's comfortable early becomes uncomfortable later -> 95% failure, lasts a lifetime

The Slight Edge by Jeff Olson (animated book summary) - Be Better Than Yesterday

Here is the link.


Simple productive actions, repeated consistently over time. That in a nutshell is the slight edge. The slight edge shows us that little steps compounded over time do make a difference. Things you do every day, the things that don't look dramatic, that don't even look like they matter, do matter. They not only make a difference - they make ALL the difference. When you want to watch TV today or tomorrow, you can make a choice to go for a short walk. Anyone can do that. But what is easy to do, is also easy not to do. You won't be any healthier or fit the next day, if you go for that walk. But what about a year from now? Three years? What if every time you felt like watching TV you took that walk instead, what do you think would happen in a span of three years? You would definitely see the difference.

THE SLIGHT EDGE BY JEFF OLSON | ANIMATED BOOK REVIEW

Here is the link.

Choose a soda or water in lunch break.

Little things matter

Choose cheap banada instead of a bag of cookie.

The Slight Edge By Jeff Olson: Turning Simple Disciplines Into Massive Success And Happiness

Here is the book review 19 minutes.

Case study: 2014 my used car purchase

Dec. 26, 2018

Introduction

It is my personal finance research. I like to write some case study to show that I learn something and ready to show my analysis and push myself to continue to work hard on personal finance research.

Case study of my purchase in 2014

I will come back later.

Theranos Revisited: How the Truth Died

Here is the link.

Case study: My car maintenance

Dec. 26, 2018

Introduction

It is hard for me to write a case study about my car maintenance from 2010 to 2018. I carefully review those expenses and also my experience to drive the car with problems, I think that it is very alarming and the topic is far more serious compared to personal finance.

Am I a problem solver?

I went in this Chinese auto shop for engine oil change in 2010 first week in Canada. Since I imported my Ford Explorer in Canada, I need to install day night on my car. Compared to Canadian tire $120/ hour rate, I found the Chinese autoshop charges $60/ hour. I chose to go for the cheap hour rate.

Did I make good choice? I did not know how complicated the work shop was and how dangerous situation I may put myself in because of fraud and all kinds of surprising incidents one after the other.

I went to Chinese auto shop for oil change in 2012. After one week, I got the signal light to check brake fluid. So I went to Richmond Ford dealership for the check. I was told that brake fluid is empty. I paid brake fluid added to my car.

I went back to the Chinese auto shop later on, and I complained to the owner of Chinese auto shop. The owner told me that mechanic was not happy since I did not do other repair he asked. So he let my brake fluid empty.

The one is the small incident, costed me over $100 dollars and other inconvenience. But I still chose to stay with the Chinese auto shop.

And then there are more strange things to happen again and again. $500 for rotor change, and numerous repairs on the way.

The Theranos Lie: Elizabeth Holmes - Stanford Drop-Out to $9B fraud - A Case Study for Entrepreneurs

Here is the link.

What's Next for Theranos and Its Founder Elizabeth Holmes

Here is the link.

How to deal with fraud?

Dec. 26, 2018

Introduction

I am doing my personal finance research. I have so many classmates and ex-coworkers are so successfully in China, USA and Canada. I am finding myself only struggling and I like to find out the possible issues. I just do the research from basics, book keeping my expenses, and carefully review what are possible thinking process, how I make decision, who influence me etc. One thing came to my mind is how to understand scam, how I respond the fraud?

My attitude to fraud

I have problems to deal with fraud. I do not take it seriously and learn so many lessons. I mixed the business with my emotion; and I could not tell what is wrong, what is correct, and it is so hard for me to review those incidents.

It is very dangerous road for me to stop and be super carefully who to work with.

I like to do a few case study on my experience and how I learn most important things compared to cost, pricing etc.

John Carreyrou’s 'Bad Blood: Secrets and Lies in a Silicon Valley Startup'

Here is the link.

My most favorite video in the winter break. I like to watch again and again at least five times.


4:05

Intentionally cheat or ?

Setbacks
Refuse to admit the reality
Lie -> massive fraud

5:30 / 6:39
What is biggest lesson to learn?
You cannot apply Fake until you make on medicine.

You are still the same

Dec. 26, 2018

Introduction

I like to write a story, it is based on the true story; I like to review it as a research and education purpose, it is for personal finance research purpose. "You are still the same." My young sister made comment on me in 2012 or 2014 my China vacation. I gave out thousands dollars away as red packet, and also gifts I spent over a thousand Canadian dollars. My young sister did not give away gifts at all, she tried to protect her income and reduce expenses.

My spending problem

There is one issue related to self-esteem. If you have low self-esteem, then you may try to spend money to please your friends.

I worked on minimum wage a lot of years, and also part time a lot of years. I understood that the business mindset is so important. Try to create more income, control your expenses, document all expenses, analyze myself as a consumer, how to make purchase decision.

In 2001, I spent money to take my relatives to Shanghai for 3 day trip, I paid over $5000 yuan for a trip with a group of six people for train tickets, a personal with college degree in China in the city of Yichun, 2 years salary I guessed. Now back to 2012, I was still the same person, spending 18 months full time savings for one month vacation, $5000 Canadian dollars.

It is time for me to learn to be a responsible person.

WSJ's John Carreyrou: Reporting on Theranos and Elizabeth Holmes

Here is the link.

John Carreyrou: Theranos scandal is a cautionary tale

Here is the link.

Bad Blood Author Carreyrou On Elizabeth Holmes And Theranos

Here is the link.

女版乔布斯的覆灭

Here is the article link.

伊丽莎白·福尔摩斯(Elizabeth Holmes)

Bad Blood - Here is the book link. 

Author - John Carreyrou

How to be a frugal person?

Dec. 26, 2018

Introduction

Recently I did calculation I save less than 15% net income last 10 years from 2010 to 2018. I like to be a frugal person. I like to push my saving rate to 60%. How can I do it?

Highly efficient person

1. Look good but going nowhere

I need to get rid of those emotional shopping for myself. I did case study for 2011 Dec., I shopped $600 clothing for myself in one month alone. Those clothing cost will easily add up to $3,000 dollars. Here is the blog.

2. No more vacation without a budget. $1000 maximum amount for a vacation. No vacation before I control my compulsive shopping. I did case study my vacation, I spent over $4500 Canadian dollars.

3. No more car maintenance over $200 dollars for unnecessary service. No more driving around. Cut cost down to $3,000 dollars/ every year.

4. Grocery shopping - cut expenses to maximum $300/ month, count all cash shopping, Costco shopping monthly.

THE INTELLIGENT INVESTOR - BENJAMIN GRAHAM - ANIMATED BOOK REVIEW

Here is the link.

The Intelligent Investor - Benjamin Graham - Animated Book Review

Here is less than three minutes video.

I want to be a frugal person

Dec 25, 2018

Introduction

I like to write a topic called "I want to be a frugal person". I am working on personal finance research. What I like to do is to make this research easy to learn and follow. I like to write a blog about this topic.

I want to be a frugal person

I work with so many people in my career. I understand that I do not pay attention to build habit called frugal.

After more than one month personal finance research, I think that I like to be a frugal person.

How can I train myself to be a frugal person?

What if I am a frugal person?

Dec. 25, 2018

Introduction

It is Christmas day. I like to challenge myself using a topic "What if I am a frugal person?".

Things will be different

The Intelligent Investor

Here is the link.

2003 edition

• Introduction: What This Book Expects to Accomplish
• Commentary on the Introduction

1. Investment versus Speculation: Results to Be Expected by the Intelligent Investor
2. The Investor and Inflation
3. A Century of Stock Market History: The Level of Stock Market Prices in Early 1972
4. General Portfolio Policy: The Defensive Investor
5. The Defensive Investor and Common Stocks
6. Portfolio Policy for the Enterprising Investor: Negative Approach
7. Portfolio Policy for the Enterprising Investor: The Positive Side
8. The Investor and Market Fluctuations
9. Investing in Investment Funds
10. The Investor and His Advisers
11. Security Analysis for the Lay Investor: General Approach
12. Things to Consider About Per-Share Earnings
13. A Comparison of Four Listed Companies
14. Stock Selection for the Defensive Investor
15. Stock Selection for the Enterprising Investor
16. Convertible Issues and Warrants
17. Four Extremely Instructive Case Histories and more
18. A Comparison of Eight Pairs of Companies
19. Shareholders and Managements: Dividend Policy
20. "Margin of Safety" as the Central Concept of Investment

THE POWER OF HABIT BY CHARLES DUHIGG | ANIMATED BOOK SUMMARY

Here is the link.

5 Books On Money You Should Read This Year | Personal Finance Book Recommendations

Here is the link.


5 Books On Money You Should Read This Year: 1) Rich Dad Poor Dad - https://amzn.to/2SoMI0t 2) The Millionaire Next Door - https://amzn.to/2CJpWuS 3) The Index Card (Why Personal Finance Doesn't Have to Be Complicated) - https://amzn.to/2Q5Jz4h 4) The Behavior Gap - https://amzn.to/2CLdWJm 5) 7 Steps to Save Your Financial Life NOW - https://amzn.to/2QIgZJJ


Want some more ideas of good books to read? Take a gander at some of these: 1) Think and Grow Rich by Napoleon Hill - https://amzn.to/2PzTYnA 2) The Richest Man in Babylon by George Samuel Clason - https://amzn.to/2UxIzZ8 3) Your Money or Your Life by Vicki Robin - https://amzn.to/2PxDGeI 4) The Compound Effect by Darren Hardy - https://amzn.to/2Ld8P6G 5) The Magic of Thinking Big by David Schwartz - https://amzn.to/2PAyBCN 6) The Slight Edge: Turning Simple Disciplines into Massive Success and Happiness by Jeff Olson - https://amzn.to/2UC6Ih6 7) 7 Habits of Highly Effective People by Stephen Covey - https://amzn.to/2UAwKBv 8) How to Win Friends & Influence People by Dale Carnegie - https://amzn.to/2QJf07W 9) The Power of Habit by Charles Duhigg - https://amzn.to/2Ld98ym 10) Start with Why: How Great Leaders Inspire Everyone to Take Action by Simon Sinek - https://amzn.to/2PySb1W


RECOMMENDED BOOKS: The Total Money Makeover - https://amzn.to/2DaB3Ox Rich Dad, Poor Dad - https://amzn.to/2SoMI0t The Millionaire Next Door - https://amzn.to/2CJpWuS The Index Card (Why Personal Finance Doesn't Have to Be Complicated) - https://amzn.to/2Q5Jz4h Retire Inspired - https://amzn.to/2D7L12Z Early Retirement Extreme - https://amzn.to/2yGKf9g Your Money or Your Life - https://amzn.to/2Q1Ryzd The Automatic Millionaire - https://amzn.to/2D9WfEk The Behavior Gap - https://amzn.to/2CLdWJm The Intelligent Investor - https://amzn.to/2PZtz3u

14399 103 Avenue

Asking price $309,000 dollars for one bedroom, 677 sqrt foot.

13728 108 AVENUE, Surrey

Dec. 25, 2018

1 bedroom, 1 bathroom, 447 square foot, asking price $225,000 dollars. 

I worked full time last 8 years, I only can save 20% of this asking price. I cannot even get loan up to $180,000 dollars. 

Are you a Spender or a Saver? How You Can Make Yourself Happy | Suze Orman

Here is the link of 3 minutes video.

What's the difference between a load and no-load mutual fund?

Here is the link.

Suze Orman Oct 08 - Investing During The Financial Crisis

Here is the link.

4:57/ 6:21

Kathy's action plan

Start dollar cost averaging back into the stock market
Divide cash amount by 12
$120K
$10K Per month back into the market over this next year

Suze Orman on The Morning Show with Mike and Juliet (1 of 3)

Here is the link.

What if I cut grocery bill $200/ month from June 2010?

Dec. 25, 2018

Introduction

It is my short research how to calculate the investment through monthly investment $200 on dividend stock MSFT from June 2010 to June 2018.

My research 

I like to figure out if I purchase $200/ month stock on Microsoft from June 2010 to June 2018, I try very hard to cut my grocery bill to maximum $200/ month. What is value of December 2018?

Suze Orman on The Hour with George Stroumboulopoulos

Here is the link.

Suze Orman's Healing Advice | The Oprah Winfrey Show | Oprah Winfrey Network

Here is the link.

Adjusted rate mortgage, and the home is $900/ month, and it went up to $1600/month. The home is under foreclosure.

If you see it is a blessing. Then you will be the wealthiest woman in the room.

blake shelton net worth

His success led to a job as a coach on the NBC competition show, “The Voice,” a gig that pays Shelton $4 million per competition cycle. Shelton's status as a country musician and TV personality has earned him a net worth of$60 million as of May 2017, according to Celebrity Net Worth.May 12, 2017

Blake Shelton Net Worth | Bankrate.com

https://www.bankrate.com/lifestyle/celebrity-money/blake-shelton-net-worth/

Home

Here is the link, Michael Buble and Blake Shelton.

Here is the lyrics.

Another summer day
Has come and gone away
In Paris and Rome
But I wanna go home

Maybe surrounded by
A million people I
Still feel all alone
I wanna go home
Oh, I miss you, you know

And I've been keeping all the letters that I wrote to you
Each one a line or two
I'm fine baby, how are you?
I would send them but I know that it's just not enough
My words were cold and flat
And you deserve more than that

Another airplane
Another sunny place
I'm lucky I know
But I wanna go home
I've got to go home

Let me go home
I'm just too far from where you are
I wanna come home

And I feel just like I'm living someone else's life
It's like I just stepped outside
When everything was going right
And I know just why you could not
Come along with me
This was not your dream
But you…

John Legend with Lindsey Stirling: "All of Me" (Live from the Kennedy Center)

Here is the link.

You'll Never Find Michael Buble & Laura Pausini

Here is the link.

My hair brush song - Taylor Swift and Jennifer Lopez: Jenny from the Block

Here is the link. The song starts from 1:40 - 5:40

Case study: Dec 2011 Scotiabank statement of credit card

Dec. 25, 2018

Introduction

It was Christmas season, I got an invitation from a church friend in Florida to visit Seattle, and I had a road trip to Seattle. I like to write a blog to document the expenses and figure out what I should cut expenses on.

My expenses

I looked up the statement and could not find the expenses on hotel, so I knew that I have friends and got offer to stay two nights in Seattle.

What I did in those two days road trip in the city of Seattle?

I shopped clothes for my self, paid gas, and visited the future of flight.

I paid $407.24 for cloth shopping.
I paid $121.62 for gas.
I paid $210.73 Canada clothing shopping as well.

I went future of flight, I paid $20.93 for the ticket of museum.

What I missed?

My friend worked for Amazon in the city of Seattle. I was invited to attend the church service of Sunday, and learned how Christian celebrated their Christmas together with other families.

I had get-together with friends from Florida as well.

One thing is that I did not plan very well spiritually. I went for expensive cloth shopping. I should set upper limit for a trip - only one shopping less than $100.00 dollars.

I should visit the downtown of Seattle, and spend time to study Amazon as a company, its technology and stock price.

One thing is to find my own way to make a fortune with low salary compared to Amazon, I need to find my own way to make a fortune. The way I can do is to purchase a condo in the city of Chilliwack, push myself to be a landlord. Even though it was the first time I had a full time job whole year again since I got laidoff in 2007.

Dec. 23, 2011 Amazon stock price            $177.28
Dec. 25, 2018 Amazon stock price          $1343.96

Actionable Items

I had compulsive shopping and purchased $1800.00 dollar for one SONY laptop in 2002, after one year I got laidoff and as a home maker. And this statement on Dec. 2011 I made purchase of clothing over $600.00 dollars. So my problem of impulsive shopping still persisted.

One solution is to set an upper limit to $150 dollar/ month. Never spend over $150/ month any time in my life again. This is the first time in my life that I have to be very carefully since I am single; I have hard time to be responsible.

过去37年，美股已有14183家公司退市，占比高达72%，这是怎么做到的？

Here is the link.

How to make single life exciting and more challenging and rewarding?

Dec 25, 2018

Introduction

It is Christmas day and I sit in my home office, and study all the bank statement of my scotia bank from 2011 to 2013. I have a full time job from 2010 to 2018, I made a living as a full time programmer, but I did not fully design very well my life; most of my expenses are grocery shopping $400 - 600, and too much USA clothing shopping from 2010 to 2013.

How to make single life more rewarding?

I did not spend time to look into stock market, technology stock, and do other research. If I starve, I have a car and I can quickly get to store and get some food. Why I need to spend so many on food every month.

How about taking off $200 dollars from spending on grocery, and start to invest money on stock market. If I lose everything, then I still break even since I save on grocery bill.

How about learning to bake or shopping around the city of Vancouver, visit all kinds place? It is much healthy and easy for me to get to know real estate market.

How about learning how to bake and do other activities around the city?

Suze Orman's -Financial Freedom Creating True Wealth Now Pt. 2( Audio)

Here is the link. 

Case study: my paper scotibank statements from 2011 - 2013 summary report

Dec. 25, 2018

Introduction

It is my most interesting task to do, since I like to go over those paper statements of scotiabank, and figure out how many things I should correct as a consumer, how to discipline myself to be a problem solver.

Case study

My life style is too simple to describe. From 2010 to 2013, I worked full time and rest of time I went to play sports, and shopping for grocery. biggest expenses are to drive to Bellingham and shop clothes.

Why I did not go to metro town instead, shop in Winners? I like to go out driving, scenic view and like to long trip over 50 miles one way.

Regular expenses

I shopped T&T which is more expensive compared to small grocery store on kingsway.com. I paid too much on T&T for one month over $200 dollars

 March 2011, T&T $270.00 Canadian dollars

Irregular expenses

US Bellingham shopping

 2011- Oct    $294
 2011-Nov    $1200
 2012-Apr     $325
 2012-May    $385
 2012-June    $220
 2012-Nov    $300
 2013-May    $300
 2013-Aug    $137
--------------------------------
Total:        $3161   Canadian dollars

Gas for the above 7 shopping trip - $50 for each, total is $350.00 dollars.

2013-Mar    $120   Feb 12, 2012 - Mar 11, 2013
2013-Mar    $230 sporting goods - sportschek
2013-Aug    $70 sporting goods - sportschek


Go over again:

 2011- Oct    $294    Oct 13, 2011 - Nov 6, 2011
 2011-Nov    $1200  Dec. 10, 2011 - Jan 11, 2012
 2012-Apr    $325    March 10, 2012 - Apr 11, 2012
 2012-May   $385    Apr 12, 2012 - May 9, 2012
 2012-June    $220   Jul 12, 2012 - Aug 9, 2012
 2012-Nov    $330   Oct 11, 2012 - Nov 9, 2012

 2013-May   $300
 2013-Aug    $137

Case study: I paid over a year for ZOHO corporation 925-9249500 CA AMT

Dec. 25, 2018

Introduction

It is surprising that I came cross the payment $3.00 dollar/ month to pay monitor www.mplighting.com by myself over years.

Case study

It is something I like to look into. Why did I make decision to pay the bill and need the service? Why did I ask the company to pay for the service? Should I handle better on this case?

Do I spent time to notice the rate of US dollar conversion rate to Canadian dollar? I did not do any research what if Canadian dollars lose 25% value compared to US dollars.

I lost over $6000 dollars in US dollars or Canadian dollars from three transactions. Here is the blog. I am afraid to read those case study, I have to push myself to learn how think carefully, date the money, reduce the risk, and live healthy financial life.

Suze Orman's -Financial Freedom Creating True Wealth Now Pt. 1( Audio)

Here is one hour audio book.


20:00 - 27:00/ 1:00:06

Suze took money from her dad's pocket, and then bought gifts for her classmates.

Suze understood that she purchased so many things for friends she could not afford, restaurant bill etc.

Remove barriers

How do you think about money today?

Date your money

Dec. 25, 2018

Introduction

It is the term I learn from Suze Orman in the interview (30:00 - 35:00/ 41:01). I like to look into this strategy and learn how to process this tactics.

Date your money

The idea is to take small steps, measure the risk, and then figure out how to get best results. I gave the case study of $17,000 US dollars to the Scotiabank on the first day on April 23, 2018. I purchase over $15,000 Canadian dollars. What was wrong? Here is my blog.

1. Scotiabank charged high rate compared to Kingsmart;
2. Canadian dollar is in highest value compared to US dollar on April 23, 2010;
3. I do not need to use a lot of Canadian dollars. I should exchange $1000 US dollars first;
4. I need to do some research and figure out how to save cost. Any transaction with bank can be saved at least 10%

It is called dating your money. Instead of making one transaction, I can make it 10 steps, and then figure out step by step how to do it better. I have chance to get to know banking in Canada in the first of month from April 23 2010. I did not have any job and I had a church friend to help me to find a home, and I started to attend the church in Sunday with my host Chinese family.

Case study: Boca Raton bathroom repair

Dec. 25, 2018

Introduction

It is very hard to process the bathroom repair project remotely. I like to do case study how I remotely completed the project in the city of Vancouver, and the project is in Florida Boca Raton. The project costed me over $3,000 US dollars.

Case study

The project is to get complicated involved a lot of parties. I had to deal with time, pressure to fix leak affecting downstair neighbor, the owner, complaint from the condo association.

Facts:

1. Downstairs neighbor complained the leak from bathroom ceiling;
2. The condo association called me about the issue;
3. The downstairs unit owner contacted me and followed me through the process;
4. I need to find who can take care of the project, I did a lot of research to find contractor;
5. I have renters to still live in the unit;
6. I will stay in the city of Vancouver and my renter coached me how to deal with project. He is an experienced project manager at work and helped me to deal with onsite.

My approach was to cut expenses, low the risk of mistake. I do not choose a contract recommended by association with $3500 dollars to redo whole bathroom.

Project 1: January 2015

#5 Unit repair ceiling (total: $445)
$100 material
$325 labor

#25 Unit repair drywall (total: 649)
$195 material
$454 labor

Total cost: $1094

Project 2: August 2015

2015 August, Canadian dollar is 76 cents of US dollar

$725 labor fee for Nelson to put new toilet, sink, drywall, tile, lighting fixture. 

Material cost: 

Tile $113
Paint, toilet connector, toilet, angle top valve $237
light bulb $68
tile adhesive $15
shower curtain, cleaning tools $27 

total: $460 

Labor fee:
$175 for toilet, new valve, hose and toilet
$150 for paint
$100 for cut of drywall behind toilet
$150 dollar for tiles on the wall
$125 for tiles on the floor
$25.00 for caulk
$25.00 for cleaning bathtub
extra $100.00 dollars for tiles work. New vanities lighting fixture

Total labor fee: $850

Total cost: $1310


Pay the rental loss of downstair owner etc.

Actionable Items

I like to write down the project, how much time I spent to do research, write emails and look up the internet to find the contractor.

I also like to write down how I communicated with so many people related to this project, handled complaints and pressure, and took steps to find the contractor.

My renter is an experienced project manager. He told me that do not contact more than one contractor a time. Allow him and other renter to handle paid quotes to do inspection.

Here is my personal finance project folder.

Watch your money

Dec. 25, 2018

Introduction

It does not matter you are rich or poor. You have to watch your money. I like to find good topics to study this holiday break, and this Christmas day.

Suze Orman With Marlo Thomas | Mondays With Marlo

Here is the link.

bonds lock more than 10 years

Dec. 25, 2018

Introduction

I like to look into bonds locked more than 10 years to get better than CD to deal with my IRA CD amount $20,000.

My thoughts

It takes me 20 years to start to learn how to manage my personal finance. I need to get ideas how to think, and build some foundations.

Get that job at Grab

Here is the article.

Three hours dedication to algorithm practice

Dec. 25, 2018

Introduction

I like to dedicate three hours to solve a few algorithms from those 16 algorithms in the coding blog. Christmas day should be perfect time for me to push myself to solve some algorithms problems.

145. Binary tree post order iterative

Dec. 25, 2018

Introduction

I was late for my mock interview 10:00 PM. I gave the interviewee to work on the algorithm called binary tree post order iterative.

Master the hard level tree algorithm

I had very good discussion with an engineer over 30 minutes on the algorithm. I learn more than 5 solutions to solve the algorithm.

I wrote one based on my favorite coding blog, the solution written in the comment.

Here is my discuss link.

Case study: My 401 K and IRA account management

Dec. 25, 2018

Introduction

It is important for me to find out how to improve my management skills. I like to work on my person asset first. I like to write a blog to document my management performance, and I like to push myself to dedicate time, specially holiday season one week break from Dec. 24 to Dec. 31 to do personal finance education, and case studies.

Case study

Here are the facts to document my investment.

Based on my W3 from 1999 to 2001, I invested money from paycheck to my 401 K account.

1999 Atlantic Entertainment $1880
2000 Atlantic Entertainment $3610
2000 Trendium                        $650
2001 Trendium                      $5490
2004 IRA deposit                  $3000

total deposit: $14700

The value in my New York community bank IRA CD in 2018 December is $19300.00

I did have loss in stock market and then I moved everything to IRA CD from 2008. Total income after 18 years is $4600.00 dollars.

If I only count those $10,000 401 contribution from 1999 to 2001, then after 18 years, $4600 return will be only average 2% a year.

I need to figure out how to manage my asset better. I should spend time to search ideas how to manage better on my IRA CD.

Actionable Items

One of ideas is to sell $10000.00 in 2008, and then pay 10% penalty, and pay tax, and then purchase a property in the city of Yichun.

I went back to China and changed my status from H1-B to F1 visa. I should prepare myself better in terms of finance. At that time, I was told to work on English test IELTS for immigration to Canada.

I need to spend time to work on my asset carefully every year. I have to push myself to find ideas how to manage.

One of ideas is to move money to stock account I had, and purchased dividend stocks, like MSFT. At that time, Microsoft stock was lowest price around $20.00 to $40.00, dividend will be more than I can get from the interest.

One of ideas is to purchase low cost vanguard index fund in 2010.

Follow up 

Jan. 20, 2019 7:06 PM
In 2019 new year day, I did whole day personal finance research. I found out that in 2001 I sold VIGRX $3000 mutual fund in 2002, with a loss of $1000. I totally forgot it from 2002 to 2019. I documented the transaction in my blog.

I did not review my finance every day. I found the records in my FAU web page. I learn that the index fund should worth $10,000 dollars if I did not sell in 2002.

Follow up 

April 14 ,2019

I think that I should put those fund into bond market, and then when the market has recession, I will put them into Vanguard total market index fund, or a few other Vanguard index fund.

My brain likes a pea to my money

Dec. 25, 2018

Introduction

It is the comment from Suze from the talk The New American Dream in linkedIn company, 20:00 - 25:00/ 55. Your brain likes a pea when it is to handle your money. I like to build habit to study money one hour at least a day.

Case study: Save 10-15% in total from 2010 to 2018

Dec. 25, 2018

Introduction

It is time for me to review my personal finance. I did add all my incomes from the full time job from 2010 to 2018, and my saving is 10- 15% of income. All 85% are gone. It is tough for me to review the finance data and what I can evaluate myself as a problem solver in terms of personal finance.

Problem solving mindset

It does not matter how my salary is. I got best education from the world, China and USA and then Canada. I should spend time over those 9 years to figure out how to double my money. No matter how small amount the saving it is. I actually started from 2010 with $17,000 us dollars.

I should spend time to figure out how to make saving rate up to 60% of my gross income in Canada. After that, I should learn how to invest and then get in real estate if I have enough confidence.

USA condo investment

I did pay off in 2017 my home equity loan back in 2010 with $38,000 us dollars, the condo appraisal value goes up from $48,000 us dollar in 2010 to $93,000 in 2018.

Canada passive income

I have zero passive income in Canada from 2010 to 2018. I did not purchase any stock or mutual fund.

Suze Orman | The New American Dream | LinkedIn Speaker Series

Here is the link.

Suze Orman, Motivational Speaker

Here is the link.

6:00 - 8:00
Put oxygen mask to your face first, not your daughter first. You have to take care of yourself, and then try to save your daughter.

2012

Save yourself first. Stop wasting money. Start to make more out of less money. You and you alone.

Learn to be more responsible like a single mother

Dec. 24, 2018

Introduction

I had a young sister who is a college teacher over 25 years. She talked to me recently over 20 minutes, and then she said that she has responsibility to her daughter. I like to do research about responsibility. And she advise me since I stay single all the time, I have not developed the sense of responsibility enough. I like to write a code blog to push myself to research on this area.

Stay single but being responsible for myself

I like to use this to explain why I had impulsive shopping in 1999 with a brand new Ford Explorer, in 2002 impulsive shopping laptop, in 2012 one month long vacation with over $5,000 Canadian dollars.

As a mom with a daughter, my young sister tried not to pay any money instead of offering service. She lived with my late mom 8 years and worked as a college teacher and let my nephew stay with her as well, she can offer guidance on his study as an aunt, a college teacher.

I did the opposite over last 20 years. I paid all expenses, I chose not to say no to payments. I paid all expenses for those vacations and a home for my mom.

I have not changed my decision making process, I think that I should make changes in 2010 after I failed so many things and not so positive future ahead financially and career wise.

I had so tough time from 2002 to 2010. After I landed in Canada in 2010, I was over 40 years old, my asset in Canada is $15,000 dollars, but I had loan over $38,000 dollar on my condo.

I still paid $1,000 Canadian dollar cash to my mom even though I was in tough situation starting form 2010, I had no security with the current job, I did not have enough asset in Canada. I need to learn to negotiate with my sisters, my rich physician sister and high paid school teacher should give more support compared to my financial difficulty.

My younger sister chose to argue and negotiate hard to avoid pay using her cash. She chose to use those money to invest on stock market. She was tough to handle sister bully and be very tough for controlling expenses.

My young sister never had the chance to make high salary as a college teacher, but she learned to purchase stocks, and learn how to learn by herself to make profit in the stock market.

I decide to choose my young sister as my role model, I need to push myself to learn how to develop more responsibility and improve my decision process.

Being responsible 

I have to carefully review my attitude towards money. I have to carefully document those mistakes I make over a few decades. And I like to find areas I need to work on.

It is never too late to fix things in my life. I am a strong problem solver and I like to adapt my talent to my personal finance.

Personal Finance with Suze Orman | AOL BUILD

Here is the link.


15:00 - 20:00

Answer the question. Do not run before you can learn to walk.

You do not need the money.

You need the money. You will make mistakes.

2015 Coca-Cola Scholars Banquet - Suze Orman's Keynote Address

Dec. 24, 2018

Introduction

It is such a great story shared by Suze from 3:00 to 10:00/ 26:00. Here is the link. I like to write a blog about the topic.

Money lecture 

16:00/ 26:00
What if it is not for me, there is no time to make it back. I sued the Merill Lynch.

18:00/ 26:00

Take care of yourself by taking care of the money you make, dollar by dollar.

Bad company, flash cars, it does not matter.
The money will not define you. Who you are are 10 times more than you have.

To make this better world.

26:00
Five rules
1. Think great thoughts
2. Your words are powerful, you make choice
3. Do what is right, not what is easy. Try not to go too fast.
4. Your deeds will give you greatness.
5. Two wings, self effort, grace, you will have a flight into the world.
You will be the master of financial destiny.

Financial Readiness Interview with Suze Orman and LTG Jeffrey W. Talley

Here is the link.


Live under your means within your need


Financial discipline


Pay day loan
12:00 - 15:00 / 27:55

Deserve the mortgage
15:00 - 18:00
FICO score, solid job
2007, 2008, 2009, every one lost their jobs, home, under water. Until you are ready, financially strong.

tactically patient, same true to your money.
Do not rush the process

Suze Orman: To really save money, do this...

Here is the link.

Wants and needs 

How to differentiate wants and needs?

We can play words; if you do not have emergency funds for 8 months. You need to buy food for your needs.

Suze Orman- The Power To Attract Money Vol 2

Here is the video link.

20:00 - 25:00

First five years a person loses the inheritance.

Rental property, capital gain 25%

27:00 - 29:00
self-esteem

The low of self-esteem, the more you like to shop more.
You are not a bad person because you are not a bad person.

36:00 - 40:00
Feel shamed to talk about detail number of money, how much you repair, and how much you have as asset. Do you talk about fictitious number.

Suze Orman- The Power To Attract Money Vol 2

Here is the link.

12 months of rule

- deal with anger, and other emotions

Understanding my mortgage by myself - step 6

I like to review my 1999 mortgage statement - Asset and liability

Understanding my mortgage - step 5

Dec. 25, 2018

I like to review this section called declarations on my good faith estimation in 1999.

Understanding my mortgage - step 4

Dec. 24, 2018

Introduction

It is time for me to review and understand mortgage application in 1999 section by section. Now it is time for me to review the section called monthly income.

It is day before Christmas, and I like to spend time to learn something and stay home enjoy the learning.

Facts to review

In 2018, the condo association fee is $250 after 19 years. The property tax is $150/month, $1800/annual dollar based on market value.

What if I chose to go with Online gaming system ltd to Las Vegas in year 2000?

Dec. 24, 2018

Introduction

Life is such a journey and I made a few decisions without carefully considering all my options. What I should be careful to do or not to do.

What I learned in startup company called Trendium?

Dec. 24, 2018

Introduction

It is a challenge topic to write but I like to spend some time to review what mistakes I made and what I can tell who I am as a programmer, a learner, and my struggle to fit into the startup culture.

What I learned from startup Altantic Entertainment and online gaming system?

Dec. 24, 2018

Introduction

It is my personal finance research. I like to write down something I learn from a small startup I worked from Dec 1998 to July 2000.

Understanding my mortgage - house income and monthly expenses

Dec. 24, 2018

Introduction

It is the first step to gather data from my personal finance data, and then I like to write down my analysis based on data.

Case study of house income and monthly expenses