Week 1

Very happy to do this course, it is the first time that I systematically study financial plan. When I began to see the slides and read the book, I realized that habits are significant. Sometimes, even little thing you do will actually affect your finanical plan.

There are some habits that I think are good to have. One is have a plan. Now I am starting to make a plan for myself. To have a plan to follow, my future will have directions. I also can be encouraged by the plan to work hard in order to achieve the goals. Two is save little, save often, we always ignore the little money we spend rather to take a long-term consideration. Even 1 dollar a day, over 10 years, it will be 3650 dollors. If we save more, the more money we can have to invest and bring back more money.

I also read the book “rich dad, poor dad”. I was impressed by the argument that let money work for you, rather to make yourself work for money. As young men, we want to have big house, nice car…..that makes us easliy enslaved by money, because we want to earn more money. Now I realize that what we should focus on is to learn that earn money by investing, which seems like use money to get more money rather to use ourselves to get money. It is easy to say, but difficult to do, from now on I need to learn how to invest. Go! Go! Go!