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My Biggest Financial Blunder

My biggest financial blunder is not using my parental gifts wisely. Most people don’t use their parental gifts wisely and spend through it. I’m at the opposite end of the spectrum. I didn’t use it wisely, because I did NOT use it. If you have read the composition of my 1st million dollar, the money […]

Why I Would Choose Emigrantdirect Over Others?

Obviously, when opening a bank account, interest yield is very high on my list. The more important thing than having the absolutely highest yield is whether the bank is consistently competitive in offering their bank yield. You don’t want to open a bank account and several years later go through all the hassle of moving […]

My Advice To Preserving Wealth

At 30s to 50s, if you have put in some efforts in saving up a nest egg, you probably will have an okay to decent size of money, depending on your saving rate and age. At this stage, you probably should start constructing a picture of your networth & portfolio, if you have not already […]

Home Office Tax Deduction

When I started blogging, I talked to my accounting friend who is a CPA about taking home office tax deduction. Besides the trouble of maintaining and documenting the exclusitivity of the business usage, and sending a warning flag for audits, he advised me not to take any such deductions for the following financial reasons: If […]

Definition Of Being Frugal

Very early in my adolescent life, I’ve learned a wise Chinese saying: “When you must spend, you spend; when you could save, you save.” It’s a short and plain sentence. It may not strike any accord to your mind, if you simply scan through it. But for me personally, it has taught me everything about […]

Cautions On Rich Dad: Robert Kiyosaki

Many thanks for one of my readers, BlueDaze, for posting this link in the comments: http://www.johntreed.com/Kiyosaki.html If I recall correctly, I visited this very same link probably three years ago, when Kiyosaki only had his very first book on “Rich Dad, Poor Dad”. I got all the negative information on Kiyosaki, which I never thought […]

Royalty Trusts

This is the third article in the my dividend investing series. Actually most of these current income investments do not pay out the so-called traditional dividends. For royalty trust companies, they pay out royalties to the owners, instead of dividends. For investing purpose, there is not much difference except the origins of the income. However, […]

A Hard Lesson On Money

Throughout my early life until age of twenties, I didn’t know what money was or what money meant. I was very fortunate that everything that I needed was there for me. My family was slightly above middle class, but we lived within our means, and no extravagance of any sorts. Because of my father’s profession […]

Foreign Taxes Withheld Problem

A reader John has asked me about how to get the withheld taxes out of the paid dividends back, in my post of “My Dividend Investing ($11775.91 for 2005)”. He said that he has 28% withheld. 28% is a very weird withholding percentage. For all of my stocks, I had 15% withheld for foreign paid […]

The Importance Of Knowing How To Budget

How can you keep the money in your pocket, if you don’t know how it comes in and how it goes out? Granted, the most painful part about saving money is not to spend it. Deferring immediate gratification for the future takes some real discipline. Having a realistic financial goal in sight with a proper […]

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