Caution: I just draft the stuffs that I remember in the lesson which are not included in the handout of the instructor, so hopefully I do not interpret and remember something incorrectly
Speeches given by my instructor - Simon Lee in Financial Planning Executive Program provoke my thoughts
- Life is like four seasons ( young = spring, work life= summer, near the time of retirement= autumn, old = winter)
- 20-year education, 40-year work life, 30-year retirement > 40-year income supporting your 70-year life
-professionals are not afraid of exams
- buy the real estate directly from the developer and skip the agents and buy at a discount price
- never buy a car which is superior than your boss's one
- work place is not your playground, don't post any of your family photos unless your colleagues are your true friends (i.e. don't let your boss know your relationship status or financial status because they may be guidelines for your boss to fire you)
- the power of compound interest tells that the younger and the larger you have already invested, the wealthier you can be)
- corporations can be long lasting and are always aggressive to look for the profits, but people are not, their ability to take risk declines with their age
-the destruction of time value of money is disastrous
- you can estimate the number rationally (aeroplane 900km/hr, car 50-110km/hr, bullet train in Japan 3xxkm/hr, so man cannot run 100km/hr)
- some people go to the amazon.com to see the preview( the first few pages of the books) and claim that they have read thousands of books ( very funny phenomenon)
- the unfair status between the bank and the public
No comments:
Post a Comment