Category Archives: Cashflow/Profit

Here I will post my monthly update on my cash-flow statement, and share any profitable transactions I might have.

Budget Traveling, My Big Mistake


Hello readers,

How important is it to set a budget in life? The answer varies among people, but from experience, so far on this green earth, it is essential to financial planning. My recent travels to Europe really showed me the importance of setting a budget when traveling. If you don’t set aside a budget you will aimless spend more than you expect similar to a ship sailing with no destination.

During the trip, I just went ahead and charged all expenses on my credit card (credit card charges an international fee for currency conversion more about it later) not aware how much I spent on the trip. It was 12 days traveling journey throughout Europe and although I went well over my budget I know it was worth every penny.

The people, the food, the culture, and the chance to broaden my horizon and gave me the chance to grow mentally, physically, and spiritually. I find that priceless compare to the money I spent on this trip.

Initial Budget planning:
Budget: $1,700.00
Date of Travel: 12 days
Destination:  Ibiza, Barcelona, Brussels, Amsterdam, and London.


Actual Expense: $3,400.00

Key Points Learned from Traveling:

Set a budget – having a budget set the right tempo for the trip and set boundaries.

Plan ahead – planning to go to an events/activities will allow to buy pre sale tickets or swoop on cheaper deals instead of waiting until the last minute to buy an expensive ticket.

Look into Traveling credit cards -I was constantly charged international transaction fees which can be avoided by using the right credit card.

Always set sight to your next destination – learning what I did wrong and right makes me want to start planning my next adventure. Set a goal and do my best to achieve my budget goal.

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July 2016 Cash flow

Hello Comrades!

The battle to financial independent requires astute control of your finances.untitled

For the battle of July, I got a raise from work!!! You will see it on my next month cash flow!

Join a kung-fu school and bought a new laptop labeled under Personal Care:

  • Kung Fu School: $517.66 (shoe, pant, and a shirt)
  • Bought a new Laptop: $871.91

Sister graduated from Optometry school so we went out to dinner, I paid for 1/3 of dinner.

  • Restaurant: $226.63 (Lobsters are not cheap for 18 people) J

What are your finances looking like this month, share the tales!

 

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April 2016 Cash flow

Hello Comrades!

untitled

The battle to financial independent requires astute control of your finances.

For the battle of April, hooray!!!! This is the first time I have a positive cash flow!!!

  • Cash flow: $325.10

The bars is the leading cause to my piggy bank, being in my mid 20s and single is dangerous.

 

What are your finances looking like this month, share the tales!

 

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YTD Profit and Loss in the Stock Trade

Hello Comrades,

Here is my 2016 Profit/Loss Statement. Here are my highlights about what I did right and wrong, still working on improving my system.

  • I didn’t have a plan, I had an idea about how to invest my money but I didn’t have a checklist.
  • My long term holdings were the most profitable, may I should focus more on long term.
  • Some stocks I sold to early, I need to develop a entry and exit strategy. Check our Southwest, they are trading higher and I miss all that profit.

Will write more but I just wanted to share, as you can tell I am not big on writing. I like to show more numbers.

The year is not over, I am going to end strong. Will update in December!!!

How is the stock market treating you?

profit

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October 2016 Cash flow

Hello Comrades!untitled

The battle to financial independent requires astute control on your finances.

For the month of October, I had a negative cash flow due to my new investment in McCormick and New York Water Company stock purchase plan.

Highlights on my cash flow statement:

  • Interest Income came from saving account J
  • $500 went to a Stock Plan Purchase for McCormick, people need spices for their food so this hold will be forever. Plus, I will contribute $50/monthly.
  • Investment of $500 went to New York Water Company, everyone needs water and they give 5% discount on all dividends that are reinvested.

Restaurant and auto/transport skyrocketed this month because I went to Las Vegas, got a little crazy. Here are the costs of Las Vegas:

  • Restaurant (booze, bottle service, and food) – $549.71
  • Auto/Transport (Uber, Lyft, and Taxi) – $88.28

We would love to show pictures but we don’t think that is a good idea.

How are your guy’s expenses for the month?

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September 2016 Cash flow

Hello Comrades!

The battle to financial independent requires astute control on your finances.

For the month of September, I had a negative cash flow due to the foluntitledlowing.

  • Increase my contribution to my 401k at work to 50% of my salary, so my paycheck took a dive L
  • Spontaneous trip to Vegas, pool party bottle service(restaurant) $237.50, and transportation with hotel (personal care): $124.60

Restaurant and auto/transport skyrocketed this month because I went to Las Vegas, got a little crazy. Here are the costs:

  • Restaurant (booze, bottle service, and food) – $549.71
  • Auto/Transport (Uber, Lyft, and Taxi) – $88.28

Started an H&R Tax class to learn more about taxes to better my strategy against taxes:

  • Business Service $162.04

Student loans require me to start making payments, so I am making the smallest amount possible. Two reasons why I am prolonging my student loans: 1. Deduction against my gross income. 2. I can invest my money I would have use to pay my student loan to get a better ROI.

 

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August 2016 Cash flow

Hello Comrades!

The battle to financial independent requires astute control of your finances.untitled

For the battle of July, I got a raise from work!!! You will see it on my next month cash flow!

Join a kung-fu school and bought a new laptop labeled under Personal Care:

  • Kung Fu School: $517.66 (shoe, pant, and a shirt)
  • Bought a new Laptop: $871.91

Sister graduated from Optometry school so we went out to dinner, I paid for 1/3 of dinner.

  • Restaurant: $226.63 (Lobsters are not cheap for 18 people) J

What are your finances looking like this month, share the tales!

 

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June 2016 Cash flow

Hello Comrades!untitled

The battle to financial independent requires astute control of your finances.

For the battle of May, not a high cash flow but another great month! Restaurants and personal care continue to be my biggest spending factor:

  • Cash flow: $1053.66

Sister graduated from Optometry school so we went out to dinner, I paid for 1/3 of dinner.

  • Restaurant: $226.63 (Lobsters are not cheap for 18 people) J

What are your finances looking like this month, share the tales!

 

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May 2016 Cash Flow

Hello Comrades!

The battle to financial independent requires astute control of your finances.untitled

For the battle of May, not a high cash flow but another great month! Restaurants and personal care continue to be my biggest spending factor:

  • Cash flow: $103.22

Sister graduated from Optometry school so we went out to dinner, I paid for 1/3 of dinner.

  • Restaurant: $226.63 were for Lobsters for 18 people J (split bill)

What are your finances looking like this month, share the tales!

 

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March 2016 Cash flow

Hello Comrades!

The battle to financial independent requires astute control of your finances.

For the battle of March, I did my taxes early and got my refund!!! Also, I visiteuntitledd my sister in Seattle so I splurged.

  • Federal & State Return $1,104

My sister is in Optometry school, so I paid for all our outings. Ouch!

  • Restaurant $232.85
  • Person Care (Gifts) $253.54
  • Family & Friend Trip to Tahoe $145

 

Looking back, I spent a lot on trip. Trying to live in the moment, kids call it “YOLO” (you only live once).

What are your finances looking like this month, share the tales

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