Here is the video link.
4:00 PM - 4:30 PM
Share the book learning: Learn and grow rich.
Saturday, December 29, 2018
Increasing Your Income
Here is the link.
The Law of compensation clearly states ...
The amount of money you earn will always be exact ratio to ...
1. The NEED for what you do.
2. Your ABILITY to do it
3. The DIFFICULTY there will be in REPLACING YOU.
FOCUS ON ...
2. Your ABILITY to do it
Become a Master at whatever you DO!
THREE INCOME EARNING STRATEGIES
M3
M2 Invest money to earn money
M1 Time/ MONEY 96% - use time to exchange money
M1 - problem, you run out of time
M2 - bad investment, you lost it all. If you are good at, you will make money.
M3 - 96%
Multiple sources of income
How to set up using multiple sources of income.
The Law of compensation clearly states ...
The amount of money you earn will always be exact ratio to ...
1. The NEED for what you do.
2. Your ABILITY to do it
3. The DIFFICULTY there will be in REPLACING YOU.
FOCUS ON ...
2. Your ABILITY to do it
Become a Master at whatever you DO!
THREE INCOME EARNING STRATEGIES
M3
M2 Invest money to earn money
M1 Time/ MONEY 96% - use time to exchange money
M1 - problem, you run out of time
M2 - bad investment, you lost it all. If you are good at, you will make money.
M3 - 96%
Multiple sources of income
How to set up using multiple sources of income.
Case study: 2008 February 26 USA visa application in Shanghai
Dec. 29, 2018
It is my personal finance research. I did go over my paper work and looked for something I missed. I noticed that I had this citic debit card on this payment 943 yuan, I did some research on this case; but I found a big case to work, USA visa application in 2008 February 25.
It is hardest time in my life. I had to go back to China and applied F1 visa in Shanghai, China in 2008. I thought that I may not get the student visa, and I decided to go back to China in January, 2018 and I applied the visa in February.
I had H1-B visa in 2007 and then I decided to apply F1-visa again. I learned that in order to get the status back to F1-visa again, I need to get super smart this time. This is my last time I had to make things work and wait for next opportunity, since I just started Canada skilled worker application back in December 2007.
I like to go back to United States, and continue to study and process my Canada skilled immigration paper work in 2008.
As 2018 comes to a close, I always appreciate the opportunity to pause and reflect on the year and beyond - to give thanks for the bright spots and find lessons in the challenges.
Here is my favorite memories in last 10 years. I had so many memories in 2008. I spent over one month in the city of Yichun, and two weeks in the city of Shenzhen.
I like to calculate those expenses as minimum to make a living in my life. I should be able to pay visa fee, airline ticket back to Florida from China.
I should spend time to work on my personal finance after 2001, and in 2008 I should invest a condo in the city of Yichun.
In 2002 I was too lucky to get into Motorola research intern starting, I did not learn how hard it should be to make a living in United States.
Introduction
It is my personal finance research. I did go over my paper work and looked for something I missed. I noticed that I had this citic debit card on this payment 943 yuan, I did some research on this case; but I found a big case to work, USA visa application in 2008 February 25.
Case study of my USA visa
It is hardest time in my life. I had to go back to China and applied F1 visa in Shanghai, China in 2008. I thought that I may not get the student visa, and I decided to go back to China in January, 2018 and I applied the visa in February.
I had H1-B visa in 2007 and then I decided to apply F1-visa again. I learned that in order to get the status back to F1-visa again, I need to get super smart this time. This is my last time I had to make things work and wait for next opportunity, since I just started Canada skilled worker application back in December 2007.
Canada immigration
I like to go back to United States, and continue to study and process my Canada skilled immigration paper work in 2008.
Actionable Items
As 2018 comes to a close, I always appreciate the opportunity to pause and reflect on the year and beyond - to give thanks for the bright spots and find lessons in the challenges.
Here is my favorite memories in last 10 years. I had so many memories in 2008. I spent over one month in the city of Yichun, and two weeks in the city of Shenzhen.
I like to calculate those expenses as minimum to make a living in my life. I should be able to pay visa fee, airline ticket back to Florida from China.
I should spend time to work on my personal finance after 2001, and in 2008 I should invest a condo in the city of Yichun.
In 2002 I was too lucky to get into Motorola research intern starting, I did not learn how hard it should be to make a living in United States.
Case study: Close stock account and IRA stock account in 2010 March 10
Dec. 29, 2018
I started to invest on stock market from year 2000. But I decided to quit in 2009 since I had to handle my appeal for leave case. I told myself to concentrate on immigration.
I learned that it was a bad decision. For me to learn something, specially on stock market, it was so painful for me to learn that I lost $3000 on the stock I chose in 2009, $3000 on 401 K I picked at work in 2007. After I came back to USA to get F1 visa in 2008, I lost more than $6,000 on stock account. I will do a case study and push myself to learn how to understand the economy and stock market.
To close the account, say goodbye forever to the stock market. I did that in 2009.
I like to make March 10 as a remembrance day for my personal finance. I like to push myself to learn economics. At least I should understand the basic cycles and learn how to play with the cycles.
I should stay open to stock market and learn to play the market as a long term investor. Since the time was on my side in 2010.
I closed IRA stock account in March 10, 2010. I signed the form called SDIRA Distribution Request.
Introduction
I started to invest on stock market from year 2000. But I decided to quit in 2009 since I had to handle my appeal for leave case. I told myself to concentrate on immigration.
Case study
I learned that it was a bad decision. For me to learn something, specially on stock market, it was so painful for me to learn that I lost $3000 on the stock I chose in 2009, $3000 on 401 K I picked at work in 2007. After I came back to USA to get F1 visa in 2008, I lost more than $6,000 on stock account. I will do a case study and push myself to learn how to understand the economy and stock market.
To close the account, say goodbye forever to the stock market. I did that in 2009.
Actionable Items
I like to make March 10 as a remembrance day for my personal finance. I like to push myself to learn economics. At least I should understand the basic cycles and learn how to play with the cycles.
I should stay open to stock market and learn to play the market as a long term investor. Since the time was on my side in 2010.
I closed IRA stock account in March 10, 2010. I signed the form called SDIRA Distribution Request.
Case study: 2009 Composite 1099 statement
Dec. 29, 2018
I started to invest on stock market from year 2000. But I decided to quit in 2009 since I had to handle my appeal for leave case. I told myself to concentrate on immigration.
I learned that it was a bad decision. For me to learn something, specially on stock market, it was so painful for me to learn that I lost $3000 on the stock I chose in 2009, $3000 on 401 K I picked at work in 2007.
To close the account, say goodbye forever to the stock market. I did that in 2009.
I did not spend time to download all statements. Right now, I know that back in 2007 and 2008, how busy I was in terms of working for a startup. But in other hand, as a person with some management experience, I do not do the basic things.
I could not know how much money I started, how much money I put into stock market from my checking account.
I have to start to learn how to do better work in terms of decision making in terms of personal finance.
Download statements, and read the market, and analyze the market, and make some sound decision, hold on 72 hours, and consult some advice if possible, and then make a small step first, date my money until I learn.
Introduction
I started to invest on stock market from year 2000. But I decided to quit in 2009 since I had to handle my appeal for leave case. I told myself to concentrate on immigration.
Case study
I learned that it was a bad decision. For me to learn something, specially on stock market, it was so painful for me to learn that I lost $3000 on the stock I chose in 2009, $3000 on 401 K I picked at work in 2007.
To close the account, say goodbye forever to the stock market. I did that in 2009.
I did not spend time to download all statements. Right now, I know that back in 2007 and 2008, how busy I was in terms of working for a startup. But in other hand, as a person with some management experience, I do not do the basic things.
I could not know how much money I started, how much money I put into stock market from my checking account.
Basic steps to learn
I have to start to learn how to do better work in terms of decision making in terms of personal finance.
Download statements, and read the market, and analyze the market, and make some sound decision, hold on 72 hours, and consult some advice if possible, and then make a small step first, date my money until I learn.
Count down days to new year 2019
Dec. 29, 2018
I like to conduct personal finance research in the last week of 2018. I had one week break from the work, and I like to dedicate my time to personal finance research.
Introduction
I like to conduct personal finance research in the last week of 2018. I had one week break from the work, and I like to dedicate my time to personal finance research.
Case study: 2014 June NYCB home equity line update
Dec. 29, 2018
It is my personal finance research. I came cross this letter in 2014 and was updated that my home equity line was no long available for me to withdraw. I like to do case study.
What I like to do is to check timing, how the decision was made based on the market. The letter was dated on 2014 June. Here is the folder.
I did not make any purchase of home in British Columbia from 2010 to 2014 since I know there is risk for me to take a loan. Even though the line is available for me to invest another property.
My home equity line was opened from 2006 and it lasted 15 years. The line amount is $58,000 dollars. Let us take a look the property tax from 1999 to 2018, and see what was the status of 2014. I had balance of $34,000 dollars.
It is easy to borrow but it is hard to return. I tried to find a very good business to invest from 2010 to 2014. I had hard time to proceed on the project.
I learned that it was hard for me to return since I roughly knew my weakness. I spent money on USA tuition $2,000 dollars and called it quit from 2010 to 2011 on my Ph.D. study, I paid using rental income; and then I spend money on the vacation to USA in 2014, $1500 dollars; I spent money on cloth shopping in USA from 2011 to 2014. Sometimes I paid using US credit card, I did not save the statements so I could not tell how much I spent.
The market in 2014 actually is not in the bottom of the market, 2012 is the bottom of the market actually.
I was a single person. I was reminded by my sister in 2018 that I do not have high responsibility, therefore all my relatives try to get something from me. They do not want to pay their own bill. I can be easily emotionally manipulated by my relatives. My sister is a single mom and responsible for her teenage daughter, so she is more responsible and controlling of her expenses .
I will conduct some research and figure out my approach to solve the problems. Right now, I just educate myself using audio book Think and Grow Rich Audiobook 11 hours.
Introduction
It is my personal finance research. I came cross this letter in 2014 and was updated that my home equity line was no long available for me to withdraw. I like to do case study.
Case study
What I like to do is to check timing, how the decision was made based on the market. The letter was dated on 2014 June. Here is the folder.
I did not make any purchase of home in British Columbia from 2010 to 2014 since I know there is risk for me to take a loan. Even though the line is available for me to invest another property.
My home equity line was opened from 2006 and it lasted 15 years. The line amount is $58,000 dollars. Let us take a look the property tax from 1999 to 2018, and see what was the status of 2014. I had balance of $34,000 dollars.
It is easy to borrow but it is hard to return. I tried to find a very good business to invest from 2010 to 2014. I had hard time to proceed on the project.
I learned that it was hard for me to return since I roughly knew my weakness. I spent money on USA tuition $2,000 dollars and called it quit from 2010 to 2011 on my Ph.D. study, I paid using rental income; and then I spend money on the vacation to USA in 2014, $1500 dollars; I spent money on cloth shopping in USA from 2011 to 2014. Sometimes I paid using US credit card, I did not save the statements so I could not tell how much I spent.
The market in 2014 actually is not in the bottom of the market, 2012 is the bottom of the market actually.
Actionable Items
I was a single person. I was reminded by my sister in 2018 that I do not have high responsibility, therefore all my relatives try to get something from me. They do not want to pay their own bill. I can be easily emotionally manipulated by my relatives. My sister is a single mom and responsible for her teenage daughter, so she is more responsible and controlling of her expenses .
I will conduct some research and figure out my approach to solve the problems. Right now, I just educate myself using audio book Think and Grow Rich Audiobook 11 hours.
Case study: Florida palm beach condo property tax
Dec. 29, 2018
It is my intentional training to help myself to get used to ask why, think about how to get the detail. I like to do the case study of the condo I owned in Palm beach and then property tax for the condo.
I learned that I have to work on my personal business research. Last night I went over all pieces of paper work I kept. I found out two pages with property from 1998 to 2013.
It is easy for me to find last 10 years property tax using palm beach papa website. So I put those information together. I can easily tell all property tax I have made from 1999 to 2018.
It is a small milestone for me to learn to be a good project manager. I like to figure out how many small things I can do in terms of management.
It is important for me to save all bank statement, bills I have to pay.
I need to be a financial responsible person. I need to make sure that I pay what I should do, and do not pay relatives bill.
I cannot use the money to purchase things wanted, not needed. Otherwise I will have nothing left. And also I will not have any wealth after many years hard working, and no way to retire.
Office public record to look up is here. https://www.pbcgov.org/papa/
Introduction
It is my intentional training to help myself to get used to ask why, think about how to get the detail. I like to do the case study of the condo I owned in Palm beach and then property tax for the condo.
Case study of property tax
I learned that I have to work on my personal business research. Last night I went over all pieces of paper work I kept. I found out two pages with property from 1998 to 2013.
It is easy for me to find last 10 years property tax using palm beach papa website. So I put those information together. I can easily tell all property tax I have made from 1999 to 2018.
It is a small milestone for me to learn to be a good project manager. I like to figure out how many small things I can do in terms of management.
Actionable Items
It is important for me to save all bank statement, bills I have to pay.
I need to be a financial responsible person. I need to make sure that I pay what I should do, and do not pay relatives bill.
I cannot use the money to purchase things wanted, not needed. Otherwise I will have nothing left. And also I will not have any wealth after many years hard working, and no way to retire.
Reference:
Office public record to look up is here. https://www.pbcgov.org/papa/
Friday, December 28, 2018
Three ideas to date my money in 2019
Dec. 28, 2018
I spend last week of 2018 to work on my personal finance. I start to learn how to document my expenses carefully, and I like to cut down food expenses. I like to learn how to invest.
I like to come out 10 ideas to date my money. I need to analyze my spending problem, separate wants from needs.
1. One thing is to find all possible receipts and I like to add all clothing expense from 2010 to 2018. I found $4,000 Canadian dollar receipt. I like to find more and figure out how to find them.
2. I like to find all missing saving from 2010 to 2018. I could not save 30% of my net income. I like to do some research how to find them.
3. I need to practice to set daily shopping upper limit to $100.00. I need to learn how to date my money, seek ideas how to save and train myself to think alternative, try to save 10% each time.
Should I set cap value for clothing shopping?
I already spent over $4000 Canada dollars on clothes from 2010 to 2018, and I still look for more receipts and items from bank statements.
Good quality cloth lasts forever. I work as a software programmer, most of time I stay quiet whole day and do not need to communicate with coworkers at all. No one pays attentions to me, not even about what cloth I wear.
Introduction
I spend last week of 2018 to work on my personal finance. I start to learn how to document my expenses carefully, and I like to cut down food expenses. I like to learn how to invest.
Date my money
I like to come out 10 ideas to date my money. I need to analyze my spending problem, separate wants from needs.
1. One thing is to find all possible receipts and I like to add all clothing expense from 2010 to 2018. I found $4,000 Canadian dollar receipt. I like to find more and figure out how to find them.
2. I like to find all missing saving from 2010 to 2018. I could not save 30% of my net income. I like to do some research how to find them.
3. I need to practice to set daily shopping upper limit to $100.00. I need to learn how to date my money, seek ideas how to save and train myself to think alternative, try to save 10% each time.
Actionable Items
Should I set cap value for clothing shopping?
I already spent over $4000 Canada dollars on clothes from 2010 to 2018, and I still look for more receipts and items from bank statements.
Good quality cloth lasts forever. I work as a software programmer, most of time I stay quiet whole day and do not need to communicate with coworkers at all. No one pays attentions to me, not even about what cloth I wear.
Think And Grow Rich Audiobook
Dec 28, 2018
Here is the link of 11 hours audio book.
It was so enjoyable to spend 90 minutes to listen the book. I like to continue to learn and it is a good book.
Dec. 29, 2018 2:33 PM
Continue to play and listen the audio book
Introduction
Here is the link of 11 hours audio book.
It was so enjoyable to spend 90 minutes to listen the book. I like to continue to learn and it is a good book.
Dec. 29, 2018 2:33 PM
Continue to play and listen the audio book
fildelity 500 index fund
Dec. 28, 2018
Knowledge is power. The index fund doubles the price from 2010 to 2018. I just could not believe that I never thought about working on my Par siva 401K and make annual adjustment from 2010 to 2018. I must have super busy life and I do not even have time to study my asset.
Here is the fund's introduction.
Introduction
Knowledge is power. The index fund doubles the price from 2010 to 2018. I just could not believe that I never thought about working on my Par siva 401K and make annual adjustment from 2010 to 2018. I must have super busy life and I do not even have time to study my asset.
Fidelity 500 index fund
Here is the fund's introduction.
Scotia Canadian income fund
Dec. 28, 2018
It is time for me to review RRSP I enrolled this January 2018 called Scotia Canadian income fund. I just learned that A or B funds are loaded fund.
Here is the web page to read.
Introduction
It is time for me to review RRSP I enrolled this January 2018 called Scotia Canadian income fund. I just learned that A or B funds are loaded fund.
Here is the web page to read.
Retirement Throughout the Ages: Expectations and Preparations of American Workers
Here is the article.
Page 16 / 43
Workers in their Fifties (43 percent) and Sixties and older (28 percent) are less likely to switch employers for better benefits.
Page 16 / 43
Workers in their Fifties (43 percent) and Sixties and older (28 percent) are less likely to switch employers for better benefits.
Thursday, December 27, 2018
Goal setting mastery
Here is the article link.
As this study and the experiences of millions of people have proven, the ability to set goals and to make plans for their accomplishment is the “Master Skill” of success.
As this study and the experiences of millions of people have proven, the ability to set goals and to make plans for their accomplishment is the “Master Skill” of success.
Earl Nightingale’s Checklist for Success (How to Get Rich)
Here is the article for me to read.
Own everything you do. Celebrate your achievements and embrace your mistakes and failures as well.
"The only difference between the men who earn big incomes and those who earn small incomes is that those earning big incomes decided to earn more. They are the people who made it their business to earn more."
Earl Nightingale
"We are all self-made, but only the successful will admit it!"
Own everything you do. Celebrate your achievements and embrace your mistakes and failures as well.
The checklist
1. Our rewards in life will always be in exact proportion to our contribution, our service.
"The money you’re paid by the company you work for will always be in direct ratio to the need for what you do, your ability to do it and the degree of difficulty involved in replacing you."
2. The key to every human being's success lies in his mind - the gold mine between his ears.
Track down my car expenses
Dec. 27, 2018
It is so important for me to find solution how to save more than 30% of net income instead of 15% from 2010 to 2018. I like to document my gas purchase and also mileage on my car. I like to track down how many miles I can drive for this tank of gas.
I need to learn how to build a habit to document my expenses. I start the first time to track down how many kilometers for those $65.00 Canadian dollar purchase.
I added another tank of gas on Jan. 27, 2018, the mileage is 169046 KM. 218 KM for $65.48 Canadian dollars, $0.30/ KM.
Introduction
It is so important for me to find solution how to save more than 30% of net income instead of 15% from 2010 to 2018. I like to document my gas purchase and also mileage on my car. I like to track down how many miles I can drive for this tank of gas.
One receipt
I need to learn how to build a habit to document my expenses. I start the first time to track down how many kilometers for those $65.00 Canadian dollar purchase.
Follow up
I added another tank of gas on Jan. 27, 2018, the mileage is 169046 KM. 218 KM for $65.48 Canadian dollars, $0.30/ KM.
Date your money - No. 2
Dec. 27, 2018
It is a simple idea to purchase more Canadian dollars using US dollars. So I cover my loss in my three transactions over years. I also like to learn how to date my money.
I went out to deposit a check from USA checking account to my Canadian USA checking account. I plan to purchase Canadian dollars later. It will take 21 business day to go through the transaction.
I need to practice small transactions so I learn the importance to play with the market. Be consistent.
It takes 20 business day to process deposit. I checked on Jan. 30, 2019, the US dollar $3,000 is available now. I like to purchase Canadian dollars in short future.
Introduction
It is a simple idea to purchase more Canadian dollars using US dollars. So I cover my loss in my three transactions over years. I also like to learn how to date my money.
One deposit
I went out to deposit a check from USA checking account to my Canadian USA checking account. I plan to purchase Canadian dollars later. It will take 21 business day to go through the transaction.
Actionable Items
I need to practice small transactions so I learn the importance to play with the market. Be consistent.
It takes 20 business day to process deposit. I checked on Jan. 30, 2019, the US dollar $3,000 is available now. I like to purchase Canadian dollars in short future.
Date your money - No. 1
Dec. 27, 2018
I have one week break since it is holiday season. I like to go out to learn how to do business in this cold winter weather. More than two months ago, I spent time to do case study of $17000 US dollars to purchase Canadian dollars in April 23, 2010. Here is the blog. What I learn is to date your money. Try to find a good solution to cut loss to minimum.
I went out to kingmark to purchase Canadian dollars. It is my baby step to learn how the exchange rate goes up and down. How should I do the work and make myself better?
Dec 27, 2018
Rate: 1.350 / invert rate: 0.7407407
Scotia bank: 1.3257
It is my baby step to train myself to learn personal finance. Get educated, learn my own mistakes first.
The difference between kingmark and Scotia bank is 0.0243, in other words, 2.43%. My transaction in 2010 with $17,000 US dollars, if I choose to exchange with kingmark, then I can save 413 dollars.
Learning personal finance takes patience and also I need to push myself to think slowly, think one thing a time.
Introduction
Go out to purchase Canadian dollars
I went out to kingmark to purchase Canadian dollars. It is my baby step to learn how the exchange rate goes up and down. How should I do the work and make myself better?
Dec 27, 2018
Rate: 1.350 / invert rate: 0.7407407
Scotia bank: 1.3257
Actionable Item
It is my baby step to train myself to learn personal finance. Get educated, learn my own mistakes first.
The difference between kingmark and Scotia bank is 0.0243, in other words, 2.43%. My transaction in 2010 with $17,000 US dollars, if I choose to exchange with kingmark, then I can save 413 dollars.
Learning personal finance takes patience and also I need to push myself to think slowly, think one thing a time.
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.
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.
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
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
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
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
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
Think about how many square foot in the city of Yichun
Dec. 27, 2018
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.
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.
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.
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.
Wednesday, December 26, 2018
Winning the Loser's Game, 6th edition: Timeless Strategies for Successful Investing
Here is the article to read.
Monkey Business: Swinging Through the Wall Street Jungle
Here is the link to get some idea about the book.
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.
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
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
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
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
1. Magic pennies
2. Unsexy fairy tales
3. Hello, Mr. Mo!
4. Bookend your days
5. Next 5 years
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
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
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.
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.
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
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.
I will come back later.
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.
Case study: My car maintenance
Dec. 26, 2018
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.
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.
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.
How to deal with fraud?
Dec. 26, 2018
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?
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.
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.
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
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.
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.
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.
How to be a frugal person?
Dec. 26, 2018
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?
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.
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.
Tuesday, December 25, 2018
I want to be a frugal person
Dec 25, 2018
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 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?
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
It is Christmas day. I like to challenge myself using a topic "What if I am a frugal person?".
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
- Investment versus Speculation: Results to Be Expected by the Intelligent Investor
- The Investor and Inflation
- A Century of Stock Market History: The Level of Stock Market Prices in Early 1972
- General Portfolio Policy: The Defensive Investor
- The Defensive Investor and Common Stocks
- Portfolio Policy for the Enterprising Investor: Negative Approach
- Portfolio Policy for the Enterprising Investor: The Positive Side
- The Investor and Market Fluctuations
- Investing in Investment Funds
- The Investor and His Advisers
- Security Analysis for the Lay Investor: General Approach
- Things to Consider About Per-Share Earnings
- A Comparison of Four Listed Companies
- Stock Selection for the Defensive Investor
- Stock Selection for the Enterprising Investor
- Convertible Issues and Warrants
- Four Extremely Instructive Case Histories and more
- A Comparison of Eight Pairs of Companies
- Shareholders and Managements: Dividend Policy
- "Margin of Safety" as the Central Concept of Investment
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
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
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.
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
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
What if I cut grocery bill $200/ month from June 2010?
Dec. 25, 2018
It is my short research how to calculate the investment through monthly investment $200 on dividend stock MSFT from June 2010 to June 2018.
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?
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'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.
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.
Home
Here is the link, Michael Buble and Blake Shelton.
Here is the lyrics.
Here is the lyrics.
Another summer day
Has come and gone away
In Paris and Rome
But I wanna go home
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
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
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
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
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…
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…
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
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.
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.
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
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.
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.
How to make single life exciting and more challenging and rewarding?
Dec 25, 2018
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.
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?
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?
Case study: my paper scotibank statements from 2011 - 2013 summary report
Dec. 25, 2018
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.
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
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
It is surprising that I came cross the payment $3.00 dollar/ month to pay monitor www.mplighting.com by myself over years.
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.
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?
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
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.
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.
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.
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