I like to look into some facts in the article.
Here is the article.
以我爸妈生活的小县级市江油市为例，新城区的面积是老城的一半大小，碧桂园和恒大都在郊区建了超级大盘，宝龙集团在新区建了一个据说是全地级市范围内最大的商业综合体，去年刚刚开始营业。
除此之外，还有绵阳市的新机场、以及据说是西部最大的游乐场等大型在建项目都在江油境内，这也使得本市的房价从两年前的3000多块，飙升到了五千以上，一些新盘的认购价已经接近七千。
这种乐观当然不是江油独有的，每一个地方都在为自己的房价和未来发展感到乐观，在上面一级的地级市绵阳市，过去两年的房价几乎也有一倍的涨幅，本地电台鼓吹多年的“房价过万”终于实现了，较好的新小区楼面价已经在一万二以上。
当然，所有这些都是其他“回乡见闻”必然谈及的，此外要谈及家乡的现代面貌，不吹一下高铁也不合时宜，江油市可能是中国唯一拥有三个高铁站的县级市，再加上正在建造的机场，堪称基建竞争的大赢家。
不到内地乡镇，你可能不会知道有这么多销量惊人、价格炸裂的中国品牌SUV，作为一个汽车爱好者，很多车连我都是第一次看见实物。奔腾、宝骏、力帆、北汽幻速、众泰、金杯、瑞风、昌河的SUV阵营涵盖了农村家庭的主要购车范围。
这些车的共同特点是：适应农村路况、体型较大能装、加保险在内的全套购车成本可以控制在10万以内，一般不超过8万。原以为会通杀四方的哈弗H6、传祺GS4、吉利博越，反而因为售价较高，在镇里难得一见。
实际上，周边大大小小的农民自建小楼，成本都在30万以上，这笔钱两三年前拿到江油去，都可以买一套房。城里的房子有机会升值，而且方便出租，但乡镇的房子只会慢慢贬值，租也不容易租出去，而且租价极低，看起来是非常不划算的选择，但农民有自己的考虑。
首先，宅基地划拨来之不易，一旦获得了批准，必须建房把它占起来才能放心。更重要的是，如果在城市买房，后续的城市生活成本始终较高，而在农村有一套这样的房子，就让自己和子女结婚都有了住处，再买上一辆车，基本上算是农村生活的stage通关了，用我太太的话说，就是“余生可以躺着活了”。
很多普通农民在60岁以后可以领到一千元以上的社保，一对夫妻就是两千多元，这笔收入在城市不够用，但在农村却是足够。
我们算了一下，原来在老家小镇，“躺着生活”的门槛就是30万元的建房成本+10万元购车成本，40万元即可人生通关安享晚年，还挺让人羡慕的。
不过，40万元在乡镇和农村其实是一个相当高的门槛，年轻人如果出门打工积攒这40万，即使每年存3万元（也就是每个月积攒2500元），存够这笔钱也要十年以上。
而要留在本地实现这笔积累基本上是不可能的，镇上极少有工作岗位，在手机店和小饭馆当个营业员，一个月都只有一千多块钱，看统计数据的话，绵阳市2017年的农村居民人均可支配收入，只有14752元。
所以，镇上的“平均建房年龄”，比城市的“平均购房年龄”要大得多，这些小楼的房主年龄基本都在中年以上，某种程度上，能住进镇上这种小楼，实现“有房有车”并不是普遍现象，而是本地农村的“成功者”。
镇上真正实现了汽车代步的是公务员和教师等“国家单位人员”。一对有一定工作年限的教师夫妇，如果算上住房公积金，家庭年收入可以达到15万元（去年北川县教师的年终奖是每人三万元，公务员则为五万元）。
这些家庭的汽车选择也截然不同，基本上都是合资品牌，车价分布在15至20万元之间。当然，他们也不算彻底的本镇居民，一个乡镇的教师或者公务员即使还没有在江油市或绵阳市买房，到结婚的时候也一定会买，“进城”这件事在获得公职的时候就已经注定了。
为什么乡镇的公职人员可以实现“城市化”而农民不可以，归根结底还是收入水平。一个农民即使攒够一套全款的钱，也难以负担后续的城市生活成本，只能留在本地盖楼、买车，“躺着生活”实际上是选择低收入低开销模式。
物价升高的同时，收入却并没有同步提升，十年前一个本地饭馆帮工的月薪是不到两千，现在则是两千多块，十年增长了几百块而已。最能体现收入的是房租，一千五左右就能租到市中心的大两房，也跟五年前基本毫无变化。
过去十年收入水平和消费水平一起增长的只有政府雇员和国有企事业单位，十年前本地普通教师的退休工资是三千左右，与私营企业的工作一两年的本科应届生持平，但今天私企里的本科生仍然拿着三千都的工资，但一个2018年退休的小学教师，退休金可以拿到7000以上。
去年四川推出了新的行政和事业单位退休工资政策，按照这个政策，未来几年后退休的普通乡镇公务员或小学教师，都可以拿到每月上万元的退休金——这个政策最后因没有得到同等利益的已退休人员的强烈抗议而中止。
Facts to review with numbers related to money
一对有一定工作年限的教师夫妇，如果算上住房公积金，家庭年收入可以达到15万元（去年北川县教师的年终奖是每人三万元，公务员则为五万元）。
绵阳市的房价从两年前的3000多块，飙升到了五千以上，一些新盘的认购价已经接近七千
很多普通农民在60岁以后可以领到一千元以上的社保，一对夫妻就是两千多元，这笔收入在城市不够用，但在农村却是足够。
ten years comparison
worker in restaurant
ten years ago now
2000 yuan/ month 2500 yuan/ month
3000 yuan/ teacher 7000 yuan retired element school teacher
十年前一个本地饭馆帮工的月薪是不到两千，现在则是两千多块，十年增长了几百块而已。最能体现收入的是房租，一千五左右就能租到市中心的大两房，也跟五年前基本毫无变化。
过去十年收入水平和消费水平一起增长的只有政府雇员和国有企事业单位，十年前本地普通教师的退休工资是三千左右，与私营企业的工作一两年的本科应届生持平，但今天私企里的本科生仍然拿着三千都的工资，但一个2018年退休的小学教师，退休金可以拿到7000以上。
I need to learn those basic financial data, and then I can understand how Canada condo price go up. Those retired teachers will immigrate to Canada from their children, and they buy their own retired condo in Vancouver area as retired couple.
对普通小微企业来说，内地只剩下两个生意：1,餐饮或本地服务。2，从政府分钱，或者依托政府权力寻租的生意（赌博机、洗浴中心等）。但是餐饮呢，据非正式统计，餐饮企业年换手率超过三成，也就是平均一家餐厅只能开三年多就破产了。
Sunday, February 17, 2019
Audio book "Money saving expert will never tell you this" (short version) / moneasy.eu
Here is the link.
Full version www.moneasy.eu 1. What this audiobook is about 2. Three overspending mistakes 3. Does stuff give happiness? 4. Do we get what we buy? 5. Do we buy or give away money? 6. We are afraid of being last 7. Christmas tree effect 8. Experiment 9. I want a new car! 10. What do we really want? 11. Buying is a brave decision. 12. Jumping over a fence 13. Freedom to buy dreams
I love these two points: we use our intellect to make money and our emotions to spend it. Secondly, I love thinking about the fact that we wouldn't buy stocks that lose 15-20% value yet we do that every day on car purchases!
Full version www.moneasy.eu 1. What this audiobook is about 2. Three overspending mistakes 3. Does stuff give happiness? 4. Do we get what we buy? 5. Do we buy or give away money? 6. We are afraid of being last 7. Christmas tree effect 8. Experiment 9. I want a new car! 10. What do we really want? 11. Buying is a brave decision. 12. Jumping over a fence 13. Freedom to buy dreams
I love these two points: we use our intellect to make money and our emotions to spend it. Secondly, I love thinking about the fact that we wouldn't buy stocks that lose 15-20% value yet we do that every day on car purchases!
Book study: Why smart people make big money mistakes
Here is the medium article about the book.
Here are some notes I copied from the above blog
Mental accounting
Study by Epler: rebate (people don’t spend) vs bonus (easy to spend)
Bigger bonus = harder to spend
Credit cards — makes us spend $ we otherwise won’t, and often spend more.
Getting around:
Ditch credit card
Every dollar is the same
Wait before spending the bonus (weeks or months)
All income is earned income
Prospect theory
When decision is to make a preference, people look at the positive qualities
Conversely, when decision is to choose worse option, people look at the negative qualities
In finance:
We assign value to gains or losses in absolute terms and not as a % of net worth. Losing $500 for someone with $1,000 vs someone worth $100,000. Remember, every dollar is the same.
We feel more strongly about losses than gains = loss aversion.
Disposition effect — Sell winners early, hold losers too long.
Sunk-cost fallacy
Drive in snow to attend a game for which we bought the ticket even if it means risking life
Don’t want to appear wasteful
Here are some notes I copied from the above blog
Mental accounting
Study by Epler: rebate (people don’t spend) vs bonus (easy to spend)
Bigger bonus = harder to spend
Credit cards — makes us spend $ we otherwise won’t, and often spend more.
Getting around:
Ditch credit card
Every dollar is the same
Wait before spending the bonus (weeks or months)
All income is earned income
Prospect theory
When decision is to make a preference, people look at the positive qualities
Conversely, when decision is to choose worse option, people look at the negative qualities
In finance:
We assign value to gains or losses in absolute terms and not as a % of net worth. Losing $500 for someone with $1,000 vs someone worth $100,000. Remember, every dollar is the same.
We feel more strongly about losses than gains = loss aversion.
Disposition effect — Sell winners early, hold losers too long.
Sunk-cost fallacy
Drive in snow to attend a game for which we bought the ticket even if it means risking life
Don’t want to appear wasteful
Ramit Sethi - Personal Finance Basics
Here is the link.
15:00/ 21:17
Recommend 3 books for the audience
The smartest investment book you'll ever read
The millionaire dollars next door
15:00/ 21:17
Recommend 3 books for the audience
The smartest investment book you'll ever read
The millionaire dollars next door
Case study: 1994 August to 1996 August Seiyu information startup work
Feb. 17, 2019
It is my personal finance research. I like to figure out how I make decision and thinking process when I make career move back when I was in 20s.
Introduction
It is my personal finance research. I like to figure out how I make decision and thinking process when I make career move back when I was in 20s.
Case study
Saturday, February 16, 2019
Case study: March Florida vacation
Feb. 16, 2019
It is my personal finance research. I was too busy to work on personal finance research, I do not even have time to work on algorithm and data structure practice starting from Nov. 2018. Also I was too busy to work on the projects at work. I like to figure out if I can plan a vacation to Florida in March.
I like to plan to take a vacation to Florida. I like to watch Miami open tennis, and enjoy a few days break.
I need to plan a few things. I need to find cheap airline tickets, I need to plan to clean the rental home, special kitchen area. I need to work on a few other things as well.
I need to empty some space, take my clothing back to Florida. This time I know that I spent over $6,000 dollars on clothing and other things. It is not wise to throw them in garbage can. I like to take them back to Vancouver first. Specially my SONY laptop I paid over $1800 US dollar in 2002 Sept, and I brought the laptop with me the first day intern at Motorola plantation.
If I used those $1800 dollars to hold VIGRX fund, I sold VIGRX in 2002 as loss in February 2002 as a home make, $1900, now the value of VIGRX worths over $10,000 dollars.
I like to be a wise woman. One idea is to save money. It may not be a good idea to travel long distance to Florida.
Introduction
It is my personal finance research. I was too busy to work on personal finance research, I do not even have time to work on algorithm and data structure practice starting from Nov. 2018. Also I was too busy to work on the projects at work. I like to figure out if I can plan a vacation to Florida in March.
Case study
I like to plan to take a vacation to Florida. I like to watch Miami open tennis, and enjoy a few days break.
I need to plan a few things. I need to find cheap airline tickets, I need to plan to clean the rental home, special kitchen area. I need to work on a few other things as well.
I need to empty some space, take my clothing back to Florida. This time I know that I spent over $6,000 dollars on clothing and other things. It is not wise to throw them in garbage can. I like to take them back to Vancouver first. Specially my SONY laptop I paid over $1800 US dollar in 2002 Sept, and I brought the laptop with me the first day intern at Motorola plantation.
If I used those $1800 dollars to hold VIGRX fund, I sold VIGRX in 2002 as loss in February 2002 as a home make, $1900, now the value of VIGRX worths over $10,000 dollars.
Be a wise woman
I like to be a wise woman. One idea is to save money. It may not be a good idea to travel long distance to Florida.
weekly contest 124
Feb. 16, 2019
It is my favorite weekly contest. I took a break last Saturday since I had a party to attend. I played the contest this week and I fully enjoyed the contest as always.
I spent first one hour to write the first two algorithms. But the third algorithm I spent 30 minutes, and then I failed one test case in last minutes. After the contest, I tried to fix the bug in the third algorithm, but this time the bug is more serious. Time limit exceeded, I had no clue how to fix it right now.
Q1 - 993 Cousins in binary tree, here is my discussion link.
Q2 - 994 Rotten oranges, here is my discussion link.
After the contest,
I continued to work on the algorithm, but I could not solve the problem of time limit exceeded.
Q3 - 995 Minimum number of K consecutive bit flips, here is my discussion link.
It is 10:40 PM. I do not have time to work on the fourth algorithm. But I plan to write this algorithm as soon as I can. I like to push myself to work hard, I like to be the player who will solve all four algorithms in the contest in short future.
Introduction
It is my favorite weekly contest. I took a break last Saturday since I had a party to attend. I played the contest this week and I fully enjoyed the contest as always.
My performance
I spent first one hour to write the first two algorithms. But the third algorithm I spent 30 minutes, and then I failed one test case in last minutes. After the contest, I tried to fix the bug in the third algorithm, but this time the bug is more serious. Time limit exceeded, I had no clue how to fix it right now.
Q1 - 993 Cousins in binary tree, here is my discussion link.
Q2 - 994 Rotten oranges, here is my discussion link.
After the contest,
I continued to work on the algorithm, but I could not solve the problem of time limit exceeded.
Q3 - 995 Minimum number of K consecutive bit flips, here is my discussion link.
Follow up
It is 10:40 PM. I do not have time to work on the fourth algorithm. But I plan to write this algorithm as soon as I can. I like to push myself to work hard, I like to be the player who will solve all four algorithms in the contest in short future.
Friday, February 15, 2019
9282 HAZEL ST CHILLIWACK V2P 5N6
9282 HAZEL STREET, Chilliwack, British Columbia V2P5N6
Look up BC assessment.com
39 units in the building
Sale history
2016-02-23 $51,000 302 581 square foot
2016-02-23 $49,500 309 581 square foot
2017-01-02 $77,000 202 581 square foot
2018-06-17 $150,000 307
2018-04-20 $158,500 213
2018-07-30 $160,000 305
Stop Wasting Money on Junk - Grant Rant #158
Here is the link.
The money that I save is sacred. It's there to protect me and my future. It's not there to buy junk and stuff that I don't need that I just wanted for a second. Don't want tomorrow but that I'm going to need that money later for problems or opportunities.
The money that I save is sacred. It's there to protect me and my future. It's not there to buy junk and stuff that I don't need that I just wanted for a second. Don't want tomorrow but that I'm going to need that money later for problems or opportunities.
"STOP Thinking Like the MIDDLE CLASS!" - Grant Cardone (@GrantCardone) - Top 10 Rules
Here is the link.
1. Be willing to pay the price 2. Meet the world head on 3. Commit fully 4. Be courageous 5. Don't keep your mind wide open 6. Work in a team 7. Embrace every moment 8. Have loftier goals 9. Surround yourself with success 10. You can do anything -= BONUS =- * Do door to door sales * Get your money mindset right
1. Be willing to pay the price 2. Meet the world head on 3. Commit fully 4. Be courageous 5. Don't keep your mind wide open 6. Work in a team 7. Embrace every moment 8. Have loftier goals 9. Surround yourself with success 10. You can do anything -= BONUS =- * Do door to door sales * Get your money mindset right
Thursday, February 14, 2019
Case study: 2006 citi bank credit card statement
Feb. 14, 2019
I got my 2006 citi bank credit card statements. I plan to spend time to analyze my 2006 citi bank credit card statement.
Introduction
I got my 2006 citi bank credit card statements. I plan to spend time to analyze my 2006 citi bank credit card statement.
Can I be a good role model of personal finance?
Feb. 14, 2019
It is my personal finance research. I started to track my expense, and also spent hundreds of hours to review my citibank credit card statements from 1996 to 2018. I started very late, I just started from Nov. 2018. It is the first time for me to push myself to do research on good personal finance habit.
Introduction
It is my personal finance research. I started to track my expense, and also spent hundreds of hours to review my citibank credit card statements from 1996 to 2018. I started very late, I just started from Nov. 2018. It is the first time for me to push myself to do research on good personal finance habit.
Eight year nine months
Feb. 14, 2019
It is my personal finance research. I like to write a blog to celebrate my current job eight years nine months.
I have been on my current job eight year nine months. I like to write down a few things I learn through those years.
I worked on Amazon code screen in 2014. I wrote really bad and sloppy code in 2014. I started to push myself to learn and be a more competitive programmer.
2009 Microsoft phone screen. Here is the blog called possible triangle.
I started the programmer job from June 2010.
Microsoft
A phone screen from Microsoft 2012. Here is the algorithm
A phone screen from Microsoft 2014. Here is the algorithm, I got some advise from a principal engineer from Microsoft.
A phone screen from Microsoft 2015. Here is the blog.
Microsoft code screen on April 2016. The algorithm blog is here.
Phone screen with Microsoft Vancouver Oct. 2017.
Code screen with Microsoft Seattle in July 2018
Amazon
A code screen from Amazon in 2014.
A code screen from Amazon in March (passed one, but failed one)
A phone screen from Amazon in May 4, 2016
A code screen from Amazon in May 13, 2016 (passed two algorithms)
My first onsite with Amazon in June 2016 in the city of Vancouver.
Amazon phone screen in January 2017
Amazon code screen in July 2017 (passed two algorithms)
My second onsite with Amazon in June 2018 in the city of Seattle.
Facebook
An face-to-face interview with Facebook in January 2015 in the city of Vancouver. I learned that I had so much stress and did not know how to communicate at all. Here is the blog.
Phone screen with Facebook Seattle in July 31, 2018.
Google
My first phone screen with Google in April 2017. I developed strong interest into heap data structure, here are blogs.
Global Relay
2017 phone screen
Copperleaf
2017 phone screen
Pramp.com
Over 300 phone interview practice on pramp.com
Interviewing.io
Over 100 phone interview as an interviewer on interviewing.io.
I have chance to meet top talent people in the world. And starting from January 2018, every week I reserve 4 times a week at 10:00 PM to discuss with people on algorithm and data structure using interviewing.io.
I started to work on my personal finance research from Nov. 2018. I know how to do a good job for myself to learn personal finance, start to build good personal finance habit from Nov. 2018.
I tried to document my expenses, and then I learn that I should push myself hard to learn the basics of personal finance.
I think that it is more important to learn personal finance compared to algorithm and data structure; I have to learn how to solve my personal finance problem. I need to push myself to grow rich and build wealth.
With a full time job, I should push myself to save as much as I can. Time is almost running out!
I like to train myself hard on algorithm and data structure. I need to go back to work on coding every hour, solve a medium level algorithm every hour every day.
What I like to do is to build wealth and grow rich. I like to learn personal finance and investment, and I like to continue to work on data structure and algorithm practice as well.
I do believe that the experience I have related to software development will be my asset, I can easily adapt those skills and perseverence into my personal finance, investment, rental business, and IRA accounts management, and other area related to relatives, helping young generation etc.
Introduction
It is my personal finance research. I like to write a blog to celebrate my current job eight years nine months.
Eight year nine months
I have been on my current job eight year nine months. I like to write down a few things I learn through those years.
I worked on Amazon code screen in 2014. I wrote really bad and sloppy code in 2014. I started to push myself to learn and be a more competitive programmer.
Interviews
Here are some facts.
2006 GM onsite interview
2006 Siva-> Par Siva -> startup experience 16 months experience
2008 Microsoft onsite interview2006 GM onsite interview
2006 Siva-> Par Siva -> startup experience 16 months experience
2009 Microsoft phone screen. Here is the blog called possible triangle.
I started the programmer job from June 2010.
Microsoft
A phone screen from Microsoft 2012. Here is the algorithm
A phone screen from Microsoft 2014. Here is the algorithm, I got some advise from a principal engineer from Microsoft.
A phone screen from Microsoft 2015. Here is the blog.
Microsoft code screen on April 2016. The algorithm blog is here.
Phone screen with Microsoft Vancouver Oct. 2017.
Code screen with Microsoft Seattle in July 2018
Amazon
A code screen from Amazon in 2014.
A code screen from Amazon in March (passed one, but failed one)
A phone screen from Amazon in May 4, 2016
A code screen from Amazon in May 13, 2016 (passed two algorithms)
My first onsite with Amazon in June 2016 in the city of Vancouver.
Amazon phone screen in January 2017
Amazon code screen in July 2017 (passed two algorithms)
My second onsite with Amazon in June 2018 in the city of Seattle.
An face-to-face interview with Facebook in January 2015 in the city of Vancouver. I learned that I had so much stress and did not know how to communicate at all. Here is the blog.
Phone screen with Facebook Seattle in July 31, 2018.
My first phone screen with Google in April 2017. I developed strong interest into heap data structure, here are blogs.
Global Relay
2017 phone screen
Copperleaf
2017 phone screen
Pramp.com
Over 300 phone interview practice on pramp.com
Interviewing.io
Over 100 phone interview as an interviewer on interviewing.io.
I have chance to meet top talent people in the world. And starting from January 2018, every week I reserve 4 times a week at 10:00 PM to discuss with people on algorithm and data structure using interviewing.io.
My personal finance
I started to work on my personal finance research from Nov. 2018. I know how to do a good job for myself to learn personal finance, start to build good personal finance habit from Nov. 2018.
I tried to document my expenses, and then I learn that I should push myself hard to learn the basics of personal finance.
I think that it is more important to learn personal finance compared to algorithm and data structure; I have to learn how to solve my personal finance problem. I need to push myself to grow rich and build wealth.
With a full time job, I should push myself to save as much as I can. Time is almost running out!
My philosophy
I like to train myself hard on algorithm and data structure. I need to go back to work on coding every hour, solve a medium level algorithm every hour every day.
What I like to do is to build wealth and grow rich. I like to learn personal finance and investment, and I like to continue to work on data structure and algorithm practice as well.
I do believe that the experience I have related to software development will be my asset, I can easily adapt those skills and perseverence into my personal finance, investment, rental business, and IRA accounts management, and other area related to relatives, helping young generation etc.
Case study: Airline ticket expenses
Feb. 14, 2019
It is my personal finance research. I like to analyze my expenses of airline tickets, and I like to do a case study.
Here is the expense of my airline ticket.
2006 - I went to GM for onsite interview. I need to look into the interview again and see what I learn from the experience.
2008 February - I got laidoff from H1-B. I got a ticket paid by ex-employer and then went back to China, and applied F1 visa to get back to FAU.
2008 August - I went to Microsoft Seattle for an onsite interview. This was my first official onsite interview based on algorithm and data structure. I should have prepared those algorithms from 2001 to 2008.
2009 May - I went to Charlotte for a short trip, help a friend's family road trip from Charlotte to Boca Raton.
2012 February - I made a mistake to plan a one-month vacation. I paid expensive ticket, and I also paid by US credit card.
I also made mistake to spend over three thousands dollars for the vacation. Here are blogs related to 2012 vacation.
Introduction
It is my personal finance research. I like to analyze my expenses of airline tickets, and I like to do a case study.
Case study
Here is the expense of my airline ticket.
2006 - I went to GM for onsite interview. I need to look into the interview again and see what I learn from the experience.
2008 February - I got laidoff from H1-B. I got a ticket paid by ex-employer and then went back to China, and applied F1 visa to get back to FAU.
2008 August - I went to Microsoft Seattle for an onsite interview. This was my first official onsite interview based on algorithm and data structure. I should have prepared those algorithms from 2001 to 2008.
2009 May - I went to Charlotte for a short trip, help a friend's family road trip from Charlotte to Boca Raton.
2012 February - I made a mistake to plan a one-month vacation. I paid expensive ticket, and I also paid by US credit card.
I also made mistake to spend over three thousands dollars for the vacation. Here are blogs related to 2012 vacation.
I Will Teach You To Be Rich by Ramit Sethi - How You Become Rich ► Animated Book Summary
Here is the video link.
LESSON 1: Forget Budgets LESSON 2: Make Your Accounts Work Together Automatically LESSON 3: The 6 Commandments of Credit Cards LESSON 4: How to Pay Off Credit Card Debt LESSON 5: How to Pay Off Student Debt LESSON 6: The Myth of Financial Expertise LESSON 7: A Rich Life Isn’t All About Money
LESSON 1: Forget Budgets LESSON 2: Make Your Accounts Work Together Automatically LESSON 3: The 6 Commandments of Credit Cards LESSON 4: How to Pay Off Credit Card Debt LESSON 5: How to Pay Off Student Debt LESSON 6: The Myth of Financial Expertise LESSON 7: A Rich Life Isn’t All About Money
27 Good Financial Habits You Need For Ultimate Financial Success
Here is the link.
Read One Financial Book Each Year
If you want to become financially stable, you’ll have to seek advice from the financial masters. Easy to do, since nearly every one of them has at least one book available.
Take advantage of that knowledge. If you only get three or four bankable ideas from reading a single book, think about how many you’ll get from reading a dozen or more.
Some of the personal finance books that I’ve enjoyed over the years include: Dave Ramsey’s Total Money Makeover, David Bach’s Smart The Automatic Millionaire, Ramit Sethi’s I Will Teach You to Be Rich. And…well there is of course the book on the left:
8. Track Your Spending
If you don’t have a budget, then you probably don’t have even a remote idea where all of your money is going. This is one of those good financial habits you absolutely must adopt you if want to get control of your finances.
By tracking your spending, you will be able to identify the areas of excess. Eating out for 50% of your meals? Cut that back to even 25% and cook or brown bag the rest, and you’ll have a nice chunk of change to contribute to paying down debt or building up your savings.
Start tracking your spending now – you may be surprised to find where your money is actually going.
How To Finish Rich: A Conversation With Bestselling Author David Bach
Here is the article.
David Bach: I've taught a concept called Purpose-Focused Financial Planning for two decades, which is that you need to look at your values first before you make decisions around your money. When your values are clear, your financial decisions become easy.
From an investing standpoint, I'm a huge Warren Buffett disciple and groupie.
I'm also a fan of Jack Bogle. I'm a big believer in investing in things that produce value, and Warren Buffett and Jack Bogle would be my two primary money mentors.
David Bach: I've taught a concept called Purpose-Focused Financial Planning for two decades, which is that you need to look at your values first before you make decisions around your money. When your values are clear, your financial decisions become easy.
From an investing standpoint, I'm a huge Warren Buffett disciple and groupie.
I'm also a fan of Jack Bogle. I'm a big believer in investing in things that produce value, and Warren Buffett and Jack Bogle would be my two primary money mentors.
Tuesday, February 12, 2019
Case study: mock interview using sliding window minimum
Feb. 12, 2019
It is the notification of Linkedin.com. I got the notification of young graduate joining Uber.com, so I checked the message and learned that I interviewed him on Nov. 2018. I like to case study the mock interview on June 28, 2018.
Here is the date of mock interview.
Introduction
It is the notification of Linkedin.com. I got the notification of young graduate joining Uber.com, so I checked the message and learned that I interviewed him on Nov. 2018. I like to case study the mock interview on June 28, 2018.
Case study
Here is the date of mock interview.
Case study: mock interview using sliding window minimum
Feb. 12, 2019
It is one of my over 100 mock interviews in 2018. Recently I got notification on Linkedin.com about a young graduate joining Google, so I checked the message history and learned that I interviewed him last year. The mock interview was on July 26, 2018. I like to case study the mock interview again.
Here is the blog to document the mock interview.
Introduction
It is one of my over 100 mock interviews in 2018. Recently I got notification on Linkedin.com about a young graduate joining Google, so I checked the message history and learned that I interviewed him last year. The mock interview was on July 26, 2018. I like to case study the mock interview again.
Case study
Here is the blog to document the mock interview.
Intact insurance stock
Feb. 12, 2019
It is my personal finance research. I had a party with my classmate of Shanghai Jiaotong university, so I decided to look into the company Intact's stock. Why? Since I did some case study of my 2011 vacation in the city of Seattle.
Introduction
It is my personal finance research. I had a party with my classmate of Shanghai Jiaotong university, so I decided to look into the company Intact's stock. Why? Since I did some case study of my 2011 vacation in the city of Seattle.
There's almost no chance young investors will lose money over 40 years
Here is the link.
"This analysis shows that the effects of even significant downturns can be smoothed out by a long-term investment strategy, if the investor is willing to stay the course,"Arielle O'Shea, investing and retirement specialist at NerdWallet, told Business Insider.
"This analysis shows that the effects of even significant downturns can be smoothed out by a long-term investment strategy, if the investor is willing to stay the course,"Arielle O'Shea, investing and retirement specialist at NerdWallet, told Business Insider.
The Four Money Beliefs That Are Holding You Back Financially - Millionaire Mindset Ep. 2
Here is the link.
#1 Negative association with money. I was thought that rich people are greedy
#2 Grew up in a community environment. Brought up to ask for permission before I can take actions. People even have to confront relatives to choose a partner/spouse
#3 Fear of success. I always use an open bucket of crabs as an illustration. If a crab tries to climb out, another will pull the crab back in the bucket. I thought, what is the point of being successful if I had to start again?
#4 Noticed that I was spending too much time with entertainment. Currently cut down time spent on entertainment and social media to focus on being productive and doing the work. Learning to take more actions.
Another comment about ideas:
The 4 common inner conflicts holding people back 1. Negative associations with money and wealth (this is the belief of the 95%) "you should love what you do so much, it's the only thing you're willing to make money from"
2. Overly sensitive to others' opinions, perceptions, criticism, gossip & outright attacks (don't take it personal)
3. fear of changes required for higher level of success, where in-turn you secretly sense deep down within, you say to yourself "maybe I'm not good enough, not worthy or inadequate"
4. realization of unwillingness to pay the price but equally unwilling to admit this; as a result, i.e. attend seminar so you feel better about yourself (in other words; lying to yourself)
• success must be paid in advance • you'll know you've paid the price when you've accomplished it (depends on the size of one's goal) • most people knows how failure feels but not how success feels (fear of the unknown) • Book Recommendation - Jim Newman's "Release Your Brakes" (free pdf can be found online) • Event Recommendation - T. Harv Eker's Millionaire Mind Intensive (free 3-day event) • No 6-figure high earners can operate with high levels of unresolved inner conflicts about money and wealth. Millionaires have no margin for such weakness. (3 keys: know how to make it, keep it, multiply it)
#1 Negative association with money. I was thought that rich people are greedy
#2 Grew up in a community environment. Brought up to ask for permission before I can take actions. People even have to confront relatives to choose a partner/spouse
#3 Fear of success. I always use an open bucket of crabs as an illustration. If a crab tries to climb out, another will pull the crab back in the bucket. I thought, what is the point of being successful if I had to start again?
#4 Noticed that I was spending too much time with entertainment. Currently cut down time spent on entertainment and social media to focus on being productive and doing the work. Learning to take more actions.
Another comment about ideas:
The 4 common inner conflicts holding people back 1. Negative associations with money and wealth (this is the belief of the 95%) "you should love what you do so much, it's the only thing you're willing to make money from"
2. Overly sensitive to others' opinions, perceptions, criticism, gossip & outright attacks (don't take it personal)
3. fear of changes required for higher level of success, where in-turn you secretly sense deep down within, you say to yourself "maybe I'm not good enough, not worthy or inadequate"
4. realization of unwillingness to pay the price but equally unwilling to admit this; as a result, i.e. attend seminar so you feel better about yourself (in other words; lying to yourself)
• success must be paid in advance • you'll know you've paid the price when you've accomplished it (depends on the size of one's goal) • most people knows how failure feels but not how success feels (fear of the unknown) • Book Recommendation - Jim Newman's "Release Your Brakes" (free pdf can be found online) • Event Recommendation - T. Harv Eker's Millionaire Mind Intensive (free 3-day event) • No 6-figure high earners can operate with high levels of unresolved inner conflicts about money and wealth. Millionaires have no margin for such weakness. (3 keys: know how to make it, keep it, multiply it)
The causes of poor decision making - investor psychology
Here is the link.
There are 9 distinct behaviors that tend to plague investors based on their personal experiences and unique personalities.
Loss Aversion
Expecting to find high returns with how risk
Narrow Framing
Making decisions without considering all implications
Mental Accounting
Taking undue risk in one area and avoiding rational risk in another
Diversification
Seeking to reduce risk, but simply using different sources
Herding
Copying the behavior of others even in the face of unfavorable outcomes
Regret
Treating errors of commission more seriously than errors of omission
Media Response
Tendency to react to news without reasonable examination
Optimism
Belief that good things happen to me and bad things happen to others
Anchoring
Relating to the familiar experiences, even when inappropriate
In 2015, the 20-year annualized S&P return was 8.19% while the 20-year annualized return for the average equity mutual fund investor was only 4.67%, a gap of 3.52%.
There are 9 distinct behaviors that tend to plague investors based on their personal experiences and unique personalities.
Loss Aversion
Expecting to find high returns with how risk
Narrow Framing
Making decisions without considering all implications
Mental Accounting
Taking undue risk in one area and avoiding rational risk in another
Diversification
Seeking to reduce risk, but simply using different sources
Herding
Copying the behavior of others even in the face of unfavorable outcomes
Regret
Treating errors of commission more seriously than errors of omission
Media Response
Tendency to react to news without reasonable examination
Optimism
Belief that good things happen to me and bad things happen to others
Anchoring
Relating to the familiar experiences, even when inappropriate
Key Findings
In 2015, the 20-year annualized S&P return was 8.19% while the 20-year annualized return for the average equity mutual fund investor was only 4.67%, a gap of 3.52%.
What Really Separates The Rich From The Poor And Middle Class
Here is the link.
Leverage
for example,
- OPT (other people's time)
- OPK (other people's knowledge)
- OPM (other people's money)
- OPR (other people's relationship)
- Technology
Leverage
for example,
- OPT (other people's time)
- OPK (other people's knowledge)
- OPM (other people's money)
- OPR (other people's relationship)
- Technology
Yet Another Study Shows That Timing the Market Doesn't Work
Here is the link.
2015 Return Annualized return, 1996-2015
S&P 500 1.38% 8.19%
Average equity (2.28%) 4.67%
mutual fund investor
A hypothetical investor with $100,000 would watch their investment grow to $249,000 (before taxes) over 20 years at a 4.67% annual rate of return. That same investor, earning, 8.19% per year, would end up with $483,000 -- nearly twice as much.
2015 Return Annualized return, 1996-2015
S&P 500 1.38% 8.19%
Average equity (2.28%) 4.67%
mutual fund investor
A hypothetical investor with $100,000 would watch their investment grow to $249,000 (before taxes) over 20 years at a 4.67% annual rate of return. That same investor, earning, 8.19% per year, would end up with $483,000 -- nearly twice as much.
Why Investing Is Simple But Not Easy
Here is the link.
1. Match your asset allocation to risk tolerance.
2. Minimize your costs.
3. Stick to your plan
If you can’t help yourself, put aside some “play money” you can afford to lose by speculating and consider hiring a financial advisor to talk you out of a bad decision with the rest of your money. (Vanguard estimates that this “behavioral coaching” can boost your returns by 1.5%.)
1. Match your asset allocation to risk tolerance.
2. Minimize your costs.
3. Stick to your plan
If you can’t help yourself, put aside some “play money” you can afford to lose by speculating and consider hiring a financial advisor to talk you out of a bad decision with the rest of your money. (Vanguard estimates that this “behavioral coaching” can boost your returns by 1.5%.)
Monday, February 11, 2019
207 7175 134 Street, Surrey, BC V3W 4T1
Sherwood Manor - Excellent location! Large 1 bedroom close to 72nd Avenue and King George Hwy business district, transmit, Newton Pool, schools, shopping, recreation. Enclosed balcony, south facing, nice and quiet. Recreation room with gym equipment, pool table and shuffle board.
- Price:
- $259,900
- Bedrooms:
- 1
- Full Baths:
- 1
- Square Footage:
- 806
- Year Built:
- 1986
- Listing ID #:
- R2339839
- Street Address:
- 207 7175 134 Street
- City:
- Surrey
- State:
- British Columbia
- Postal Code:
- V3W 4T1
- Listing Status:
- Active
- Age Of Dwelling:
- 33
- Amenities:
- Exercise Centre
- Stories:
- 1
- Style:
- Inside Unit
- Total Building Square Footage:
- 806
- Year Built:
- 1986
7 Ways To Develop A Thick Skin In the Office
Feb. 11, 2019
It is my personal finance research. I went to Amazon vancouver AWS event, and I learned the word to have thick skin to be a software developer manager. I like to read more about this topic.
Here is the article.
Introduction
It is my personal finance research. I went to Amazon vancouver AWS event, and I learned the word to have thick skin to be a software developer manager. I like to read more about this topic.
Here is the article.
My date of money - No. 4
Feb. 11, 2019
It is my personal finance research. I learn the concept to date my money. I went to Scotia bank and got $3000 dollars cash and then purchased Canadian dollar. I like to learn from my own experience, baby step to learn how to trade US dollar to Canadian dollars, since the invert rate is 0.76.
I went to kingsmark to purchase Canadian dollar and I got $4001.00 Canadian dollars.
One of ideas is to train myself to practice personal finance, and learn how to read the market, and also take some action.
Introduction
It is my personal finance research. I learn the concept to date my money. I went to Scotia bank and got $3000 dollars cash and then purchased Canadian dollar. I like to learn from my own experience, baby step to learn how to trade US dollar to Canadian dollars, since the invert rate is 0.76.
The purchase
I went to kingsmark to purchase Canadian dollar and I got $4001.00 Canadian dollars.
One of ideas is to train myself to practice personal finance, and learn how to read the market, and also take some action.
Personal finance research is hard than I think
Feb. 11, 2019
It is my personal finance research. I think that learning personal finance is hard than I think.
I had chance to meet my two classmates from Shanghai jiaotong university and their family on Feb. 10, 2019. The party started from 4:00 PM and ended at 10:00 PM.
One of my ideas to learn personal finance is to share my blogs with my classmates. What I like to do is to get some feedback, and then figure out how to seek advice and be a better self-learner.
I also talked about the personal finance in the party and got some feedback. Learning personal finance is not easy. I was advised by my friend to think about working as a math tutor as a side hustle.
My idea is not to exchange time for money. I like to learn how to make money from the money.
Introduction
It is my personal finance research. I think that learning personal finance is hard than I think.
Personal finance research
I had chance to meet my two classmates from Shanghai jiaotong university and their family on Feb. 10, 2019. The party started from 4:00 PM and ended at 10:00 PM.
One of my ideas to learn personal finance is to share my blogs with my classmates. What I like to do is to get some feedback, and then figure out how to seek advice and be a better self-learner.
I also talked about the personal finance in the party and got some feedback. Learning personal finance is not easy. I was advised by my friend to think about working as a math tutor as a side hustle.
My idea is not to exchange time for money. I like to learn how to make money from the money.
Is Renting Always A Waste Of Money?
Here is the link.
1. Can you really afford it?
2. Is it cheaper to rent or buy?
3. Rent if you are still earning and learning
4. Buy if you are stable and established
5. Buy if you are an entrepreneur and not yet an investor
6. Buy if you are financially successful
1. Can you really afford it?
2. Is it cheaper to rent or buy?
3. Rent if you are still earning and learning
4. Buy if you are stable and established
5. Buy if you are an entrepreneur and not yet an investor
6. Buy if you are financially successful
Sunday, February 10, 2019
The 3 Best Habits Of Rich People
Here is the link.
1. Count your money (what gets measured, gets improved) 2. Pay yourself first (at least 10%) 3. Improve your earning ability (find ways to add value to the marketplace)
1. Count your money (what gets measured, gets improved) 2. Pay yourself first (at least 10%) 3. Improve your earning ability (find ways to add value to the marketplace)
How Highly Successful People Think
Here is the link.
Long term
Homeless - next meal
employee - next two weeks paycheck
manager - quarterly
Dan - next three years - daily income goal
Successful people think about long term
Accurately
Successful people think about accurately.
Look as it it. Not overly optimistic.
Obstacles in-between
Everything is working out perfectly.
What could go wrong?
What do not I know?
Successful people think about people.
DIG- Daily Income Goal, Successful people think long term not short term, think accurately, think people
3 Questions to ask yourself:
What could go wrong, what don't I know, and what don't I see.
Long term
Homeless - next meal
employee - next two weeks paycheck
manager - quarterly
Dan - next three years - daily income goal
Successful people think about long term
Accurately
Successful people think about accurately.
Look as it it. Not overly optimistic.
Obstacles in-between
Everything is working out perfectly.
What could go wrong?
What do not I know?
People
Successful people think about people.
DIG- Daily Income Goal, Successful people think long term not short term, think accurately, think people
3 Questions to ask yourself:
What could go wrong, what don't I know, and what don't I see.
7 reasons why you will never get rich
Here is the link.
1. You don’t think money is that important 2. School never taught you about money & wealth 3. Your parents never taught you about money and how money works 4. You were never taught how to make money beyond a job 5. The mainstream media and advertisers want you to consume 6. You have a negative association towards rich people 7. You never take full responsibility for your own financial future
1. You don’t think money is that important 2. School never taught you about money & wealth 3. Your parents never taught you about money and how money works 4. You were never taught how to make money beyond a job 5. The mainstream media and advertisers want you to consume 6. You have a negative association towards rich people 7. You never take full responsibility for your own financial future
7 Business Strategies That Will Make You RICH
Here is the link.
The 7 Principles are: #1 Building relationships. As a business owner, Never Consider a transaction as a 1 off thing. Consider a new purchase as a start of a new and beneficial relationship for both parties. #2 Integrity. The number one reason why people stop buying from a business is that they do not keep a promise they’ve made. #3 Ask. How many people are afraid to ask for what they want. See most people don’t get what they want because they don’t ask for what they want. Don’t be afraid to ask. #4 Passion vs. Market. Business is market driven not passion driven. You might be passionate about playing darts in your spare time but there is no market for it. Then you might now make a whole bunch of money with it. #5 Abundance Vs. Scarcity. Something that holds people back from achieving their full financial potential is that they think that money is on very limited supplies. When they feel like every dollar they made comes at someone else's expense, they feel guilty when they start making more money. #6 Clarity. Do you normally get in your car and start driving with no idea of where you are going. Not really. You get in your car to go to the grocery store or to work. You have a clear destination. #7 It’s not about deservingness. Many people believe that if they become more deserving than wealth will come. If they think more positively and then things will turn around.
And don’t get me wrong, being a positive person is a great thing. But it does not equal wealth.
There is a saying that goes You don’t get what you Deserve, You get what you negotiate.
The 7 Principles are: #1 Building relationships. As a business owner, Never Consider a transaction as a 1 off thing. Consider a new purchase as a start of a new and beneficial relationship for both parties. #2 Integrity. The number one reason why people stop buying from a business is that they do not keep a promise they’ve made. #3 Ask. How many people are afraid to ask for what they want. See most people don’t get what they want because they don’t ask for what they want. Don’t be afraid to ask. #4 Passion vs. Market. Business is market driven not passion driven. You might be passionate about playing darts in your spare time but there is no market for it. Then you might now make a whole bunch of money with it. #5 Abundance Vs. Scarcity. Something that holds people back from achieving their full financial potential is that they think that money is on very limited supplies. When they feel like every dollar they made comes at someone else's expense, they feel guilty when they start making more money. #6 Clarity. Do you normally get in your car and start driving with no idea of where you are going. Not really. You get in your car to go to the grocery store or to work. You have a clear destination. #7 It’s not about deservingness. Many people believe that if they become more deserving than wealth will come. If they think more positively and then things will turn around.
And don’t get me wrong, being a positive person is a great thing. But it does not equal wealth.
There is a saying that goes You don’t get what you Deserve, You get what you negotiate.
10 Things The RICH Teach Their Kids About MONEY
Here is the link.
1) Rich Parents Teach The Importance of Money. 2) They Teach The Difference Between Assets and liabilities. 3) How to manage their money(include kids). 4) Teach different ways to earn money. 5) Developing productive habits. 6) No One Owes You Anything. 7) Social and influence skills. 8) Delayed gratification(patience). 9) There is ALWAYS More Money. 10) The Best Way To Make Money Is It Help Others.
1) Rich Parents Teach The Importance of Money. 2) They Teach The Difference Between Assets and liabilities. 3) How to manage their money(include kids). 4) Teach different ways to earn money. 5) Developing productive habits. 6) No One Owes You Anything. 7) Social and influence skills. 8) Delayed gratification(patience). 9) There is ALWAYS More Money. 10) The Best Way To Make Money Is It Help Others.
Learning about investing
Feb, 10, 2019
It is my personal finance research. I do think that a person should build good personal finance habits, and keep improving and use those habits to manage personal finance.
It is most challenging and I have to start all over again to learn how to invest in stock market. This time I like to learn something basics as well.
Introduction
It is my personal finance research. I do think that a person should build good personal finance habits, and keep improving and use those habits to manage personal finance.
Stock market investing
It is most challenging and I have to start all over again to learn how to invest in stock market. This time I like to learn something basics as well.
8 Money Mistakes You NEED to Avoid!
Feb. 10, 2019
Here is the video link.
8 MONEY MISTAKES YOU NEED TO AVOID (summary): #1.) Relying on the Hope Strategy: believing you’ll make lots of money and all your financial problems will go away (ie. starter entrepreneurs spending more money than they make). #2.) Having a spending problem = spending more than you can afford. (ie. Buying all the stuff you don’t need: cars, shoes, clothes, etc). Solution: spend less than you make. Save and invest the rest. #3.) Holding cash. Mistake: keeping your money in your account (cash). Inflation exists. Therefore the value of your money will decrease every year. Solution: invest your money and take advantage of the long term power of compound interest. #4.) Investing before paying debts. If you have debts with high interest rates pay them first before even thinking of investing. Otherwise your debts will compound at a higher rate than your investments. #5.) Not planning for medium term expenses. Thinking of your expense 2-4 months ahead will help you to avoid any unpleasant financial surprises in the long run. #6.) Not saving your money to help you think longterm. Living paycheck to paycheck keeps you in a short term mentality. Solution: put a little bit of many away every paycheck will help you shift into a longterm mentality when it comes to your financial goals. #7.) Not starting a side hustle if you don’t like your current job. 85% of people in the US don’t like their jobs. Yet more people choose to complain than do anything about it. Solution: in the age of technology, do something about it and start a side hustle. #8.) Not learning about investing. Fear of losing money keeps people away from the knowledge of investing. Solution: investing is like learning how to ski. You see people do it and it looks easy. Yet you try it and fall over and over again. But the more you practice the better you get. Learn how to invest.
Here is the video link.
8 MONEY MISTAKES YOU NEED TO AVOID (summary): #1.) Relying on the Hope Strategy: believing you’ll make lots of money and all your financial problems will go away (ie. starter entrepreneurs spending more money than they make). #2.) Having a spending problem = spending more than you can afford. (ie. Buying all the stuff you don’t need: cars, shoes, clothes, etc). Solution: spend less than you make. Save and invest the rest. #3.) Holding cash. Mistake: keeping your money in your account (cash). Inflation exists. Therefore the value of your money will decrease every year. Solution: invest your money and take advantage of the long term power of compound interest. #4.) Investing before paying debts. If you have debts with high interest rates pay them first before even thinking of investing. Otherwise your debts will compound at a higher rate than your investments. #5.) Not planning for medium term expenses. Thinking of your expense 2-4 months ahead will help you to avoid any unpleasant financial surprises in the long run. #6.) Not saving your money to help you think longterm. Living paycheck to paycheck keeps you in a short term mentality. Solution: put a little bit of many away every paycheck will help you shift into a longterm mentality when it comes to your financial goals. #7.) Not starting a side hustle if you don’t like your current job. 85% of people in the US don’t like their jobs. Yet more people choose to complain than do anything about it. Solution: in the age of technology, do something about it and start a side hustle. #8.) Not learning about investing. Fear of losing money keeps people away from the knowledge of investing. Solution: investing is like learning how to ski. You see people do it and it looks easy. Yet you try it and fall over and over again. But the more you practice the better you get. Learn how to invest.
Proverbs 13:7 "One person pretends to be rich, yet has nothing; another pretends to be poor, yet has great wealth."
Feb. 10, 2019
Introduction
It is my favorite verse today. I read it first time, but I like the statement. One person pretends to be rich, yet has nothing; another pretends to be poor, yet has great wealth.
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