My 1st Million At 33 – yes, you can do it too

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  • Archive for the 'Announcement' Category

    Moving my website to

    Posted by Frugal on 23rd March 2015

    I haven’t posted much, and it does not make sense anymore to host it here.

    I have moved my entire site to

    Any future updates will be there instead.

    Posted in Announcement | Comments Off

    “My 1st Million At 33″ book is published at Kindle

    Posted by Frugal on 24th May 2012

    Instead of writing on my blog, I have been working on my personal finance book. I have a lofty goal of making real changes in people’s personal finance affairs, hoping that more people can live under their means, and accumulate a great wealth for their retirement. The book is currently

    ON SALE for just $0.99

    Since the average number of books sold per title is less than 200, my expected revenue from my book will be 35% royalty of $0.99 x 150 copies = $52.50. My tax is about 47% (CA + Federal + AMT). Out of the remaining after-tax profit of $27.83, I have committed 25% to go to charity (see book for details). So I would net $20.87 at the end.

    I’m obviously not motivated by a potential $21 profit. But if I can change just a few people’s lives in how they manage their personal finance, it’s truly worth all of my time putting into the book. The amount of wealth within your reach or for any other readers is truly in hundreds of thousands, if not a million.

    YES, you can do it too!

    Thanks for any PF bloggers to put this news out. I have an OnlineResource page in the e-book that I can try to reciprocate your promotions.

    Here is the table of contents for Part I:

    Chapter 1: My 1st Million At 33 – Reader’s Guide

    • Profile of a Frugal Millionaire
    • How I Got My 1st Million At 33
    • Reader’s Guide to the Book

    Chapter 2: Understand How Wealth is Created – The secret to making big money

    • Becoming rich is extra-ordinary
    • Your time vs. money
    • The only secret to making big money
    • Take on good debts & avoid bad debts
    • My father’s business moto – How a business prospers
    • Utility and Scarcity
    • Attitude = Altitude

    Chapter 3: Book-smart vs. Street-smart – Being lucky is a choice

    • Difficulties are Opportunities
    • Book-smart vs. street-smart
    • A Tiger or a Dog – Finding a career path
    • The true value of a brand-named college
    • Consider free-lancing
    • The three ingredients in starting your own business
    • Being lucky is a choice
    • Pursue what you love; love what you pursue

    Chapter 4: Your Income vs. Expenses – Arbitrage the “geography”

    • Are you the boss or the slave?
    • Art & mechanics of budgeting – Running the saving marathon
    • Know where to focus your energy
    • Debit, credit, and cash management
    • Choose a wealth-conducing location – Arbitrage the “geography”

    Chapter 5: Why must you invest – Make your home as your best investment ever

    • Nothing is certain but death, taxes, and the I-word
    • Portfolio income is not a usable income
    • Make your home as your best investment ever
    • Avoid the scams and tricks from investment newsletters
    • The biggest investment mistake that people make in following Warren Buffett
    • Investment strategies by the size of portfolio
      • What to invest if you have only $10
      • What to invest if you have $100
      • How to invest if you have $1000 to $10K
      • How to invest if you have $10K to $100K
      • How to invest if you have $100K to one million dollar
    • How much investment risk can you take?
    • Finding a professional money manager: Things to know & ask

    Chapter 12: Summary – Get your action plan together

    • Summary – Yes, you can do it too!
    • Becoming rich can be a certainty, not a dream
    • Wealth is a (self-)responsibility – How I tithe
    • Reference guide & resources

    For those who are interested, here is the abridged table of content for Part II:
    Chapter 1: My 1st Million At 33 – Reader’s Guide (Same as in Part I)
    Chapter 6: Investment Theories – Active Investing vs Passive Allocation
    Chapter 7: Dividend Investing – Untold secrets of legal tax shelters
    Chapter 8: Treat Real Estate like a Business – Leverage & manage your cashflow
    Chapter 9: Mega-trend Investing – Bubbles are troubles or Doubles!
    Chapter 10: Stock Options – Risks vs. rewards in equity compensation
    Chapter 11: Estate & Retirement Planning – Don’t tip Uncle Sam & others
    Chapter 12: Summary – Get your action plan together (Same as in Part I)

    The full book will go on sale along with Part II later. Part II is targeted for investors with more liquid asset. I split the book into two parts, so that you can buy just the first Part for $0.99. You will not pay more if you buy Part I first ($1), and Part II ($2) later. The price for the full book will be $3. Once the promotional pricing ends, the prices will be more expensive, and I may offer a slight discount on the full book.

    Posted in Announcement | Comments Off

    My Site Attacked by Virus

    Posted by Frugal on 25th October 2010

    Someone planted virus on my site, and after a huge effort, working with my ISP, I finally was able to clean out everything after almost 1 week. My ISP even said that they may be able to trace the hacker. My sincere apology for anybody who got affected by this. I also tightened up the site security and changed all of my passwords. Hopefully, it won’t happen again.

    And if you were using Firefox, you won’t get hit. Internet Explorer however was vulnerable. In any case, virus would be caught by any active virus scanner or shield.

    Posted in Announcement | Comments Off

    I’m on vacation

    Posted by Frugal on 17th November 2008

    I won’t be posting much until I’m back from my vacation. Annually I use up all of my vacation days just to visit my parents aboard.

    In the meantime, hold onto your stock positions. It should turn up soon, I believe. It’s going to be a very difficult market, and it will get even more difficult next year.

    I think we will be going into a depression, and then stay in a long recession. Job market will be terrible. Make sure you hold on to your job if you have one already, and good luck in finding your new/next job.



    Posted in Announcement | 8 Comments »

    Crunch time at my work

    Posted by Frugal on 16th June 2008

    Sorry. I just couldn’t find time to blog, after working some 24+ hours through the weekend.

    I’ve got a rare last minute problem found in my delivered work. And I need to fix it ASAP.

    I should be back blogging tomorrow or Wednesday, I think.


    Posted in Announcement | Comments Off

    Back-filled for Wed’s post

    Posted by Frugal on 6th June 2008

    Boy, I forgot to hit the publish button for this Wed’s post. You can scroll back now to see it.

    Yeah, I have been getting ever busy by days. My work is getting busier too. And I’ve got a car for sale for the last seven months, and I haven’t even had any time to do an ad for it, or even cleaning it up. I have 3 cars now after I bought a Honda Odyssey last year. I should really get rid of my old car before the gasoline prices go up even higher. Next car I will be buying a hybrid for sure. I don’t intend to keep my Odyssey if the gas prices go up too high.

    Alright. It’s time to get into my stock trading pits again. I’m literally doing 3 jobs everyday. I apologize if I have been late on my replies of emails.

    Posted in Announcement | Comments Off

    On the road today

    Posted by Frugal on 23rd May 2008

    I am on vacation earlier today for the long weekend.

    I shall see you next Monday or next Tuesday.

    Have a happy Memorial holiday.

    And yes, gasoline is really expensive now, $4.15 last time I saw for the least expensive refining grade.


    Posted in Announcement | Comments Off

    I will start my money management business

    Posted by Frugal on 13th March 2008

    Anyone interested in having their money managed by me personally?

    My current plan is to use the platform at Your assets will be owned under your name, and under the custody of I will just have the trading permission.

    The fee structure will be

    1. Basic fee: 1% of your account size, charged quarterly.
    2. Performance fee: If your account returns less or equal to 10% after interactivebroker’s commissions, there is no performance fee. Otherwise, for every 5% additional return beyond 10% return, the fee increases by 1%, and it will be prorated. This fee is charged annually for every annual period.
    For example, if your account returns 23%, then the performance fee is (23-10)/5=2.6%.

    I don’t plan to get a stock broker license yet (reasons at the end of post), but according to the state laws of California, I can manage up to 5 individual clients without a license. Because I only have 5 limited spots in total, I will rank the preference of the accounts in the order of potential account size, and then on a first-come first-serve basis.

    If you’re interested, send me an email to 1stMillionAt33 # (changed # to @), with the subject of “Money Management”. Let me know your estimated net worth (including your home equity value), and the account size that you would like to open. The net worth number helps me to decide how aggressively I will act in your account. Make sure that LESS than 15% to 20% of your net worth will be in this account for the sake of diversification. I don’t have a minimum account amount yet, but it’s likely that I will decline if the account size is less than $50K, unless you plan to add more cash after a short period.

    I believe this year could be a banner year for commodity in general. Don’t miss the train. I’ve also back-tested my own proprietary buy/sell indicators for a long period, and it out-performed the ETF by about 600%.

    P.S. Assume that I have 5 clients of $50K each, returning 10% annually, the total fee that I will get is just $2500. That will be just enough money to pay for stock broker license fee, and I haven’t counted incorporation, tax and accounting services. Are you going to work for a whole year and just get $2500 for it? So if it’s a terribly bad deal for me, it’s probably a good deal for you. Obviously and unfortunately, I cannot guarantee a good performance, but you can look around on this website for my past recommendations and performance.
    By the way, to match my current wage, I will need to manage 10+ million. That’s one of the reasons that I haven’t been more pro-active, since going from 0 to 10 million asset will really take some time.

    Posted in Announcement | 14 Comments »

    A New Guest Contributor

    Posted by Frugal on 12th February 2008

    Today we have a new guest contributor on 1stM@33. If you are interested in participating too, simply email me with a subject titled “Guest Writer”. Heather will be writing a few articles from time to time. Please welcome her contribution. Here is a short introduction on her.

    Heather Johnson is a freelance business, finance and credit writer, as well as a regular contributor for site for comparing small business credit cardsShe welcomes questions, comments, and freelancing job inquiries at her email address

    Posted in Announcement | Comments Off

    On Vacation This Week

    Posted by Frugal on 26th December 2007

    I won’t be posting this week. I don’t get much break if at all. I decided I will just take a break. I will be back posting next Tuesday, January 1st 2008. I will see you next year. Some of my previous posts from last week are pre-written. In case you find them out-of-step with the market, just move the timing by one to two weeks earlier.

    In any case,

    Happy New Year. May you all have a prosperous year.


    Posted in Announcement | 4 Comments »