Finances/Money
What I did During the Long Weekend
I recently moved to a new place. I wanted to be closer to work so I can save gas and live closer to my girlfriend. After I moved in, I had a hard time with my DSL connection. So my only connection to the internet was at work.
The biggest thing I saw last week was [...]
7 Mistakes Recent Graduates Make When Starting Their Careers
1. Buying a home when it doesn’t make sense
There are many sites that talks about this. I’ve talked to many people that bought their house too early just because they don’t want to throw their money away on rent. Well, here is a simple rule: buy a house that costs 2.5x your annual salary. [...]
The Old School Generation: What Can We Learn from the Traditionalists?
There are currently four generations we classify people in the workforce today:
- The traditionalists: Born 1922-1945.
- Baby boomers: Born 1945-1960.
- Generation X: Born 1960-1980.
- Millennials: 1980-2000.
Due to certain events and culture, each generation shaped the people in it. Each generation has both good and bad characteristics. This entry focuses on the traditionalists.
How I Survived With $7500/year
Read about my experience living with only $7500/year.
Money money money
Do you have a stable financial base? This is pretty basic, but I was surprised on how many people don’t even have the basics. Here is a simple checklist:
Don’t Listen to Robert Kiyosaki
First of all, go to this link to read about Robert Kiyosaki
That link should tell you everything about the dangers of listening to every word of Kiyosaki. That site goes into great detail on disproving Kiyosaki. I’ll add some of my thoughts.
Kiyosaki is a good motivational speaker and a salesman. He does give good mindsets and inspirations to become rich. But his advices are pretty bad and even dangerous to people who mis-interpret his messages. Here are some of the advices he gives that people might mis-interpret:
CANSLIM Stock Trading Strategy.
This was my investment bible for the past six years. Wow. what a waste of 5-7 years. This is William J. O’Neil’s stock trading method: CANSLIM. CANSLIM stands for…
Stock Market: Technical Analysis — Don’t Fall into The Trap!
I was a technical analyst. I did it for about five to six years. I knew all the chart patterns: cup and handle, double bottom, flat base, head-and-shoulders, etc., Later I wanted to expand my knowledge of technical analysis by studying Japanese candle sticks. So I knew all the major Japanese candlestick patterns: the doji, shooting star, bullish/bearish engulfing, piercing pattern, etc., I even dabbled in Elliot Wave Theory and Bollinger Bands.
Whole Life Insurance — The Greatest Scam in the Universe!
I had a financial adviser one time. He recommended me to sign up for Whole Life insurance. At first I had mixed feelings about it, but he used his high pressure sales tactic to get me to sign up. I should of been wiser since he was pure commission based. I now realized I made a mistake to get one.
