Posted under Computer
Easy way to send text message to your friend’s cell phone.
The following network carriers are known to work: Alltel, Cingular, Sprint PCS, Nextel, T-Mobile, U.S. Cellular, Verizon Wireless, Cellular South, CellularOne, Centennial Wireless, Cincinnati Bell, Edge Wireless, Metro PCS, nTelos, SouthernLINC Wireless, SunCom, Unicel, Boost Mobile, Helio, Qwest Wireless, Virgin Mobile Canada, Virgin Mobile USA.
Posted under Finance
What is the smartest way to invest your money?
Pay off your credit cards!!!
Seriously, before you can even start thinking about investing your money elsewhere, pay off off your bills. Credit cards charge you over 15% in interest, this is a whole lot more than any investment will give you. Putting your money in a saving account will only return 5% a year. Putting it in a safe mutual funds will average you around 10%. Investing it stocks might even give you a negative return.
So the smartest investment that you can make is just to pay off your credit cards or any outstanding bill.
But there is an exception. Suppose if you have a student loan, but the interest is only at 3%, then you do NOT want to pay it off. In this case paying it off will be a big waste of money. Instead, put your extra money elsewhere like a saving account. You will actually be making money by delaying paying off your student loan. Since the saving account will give you back 5% which results in a 2% net gain after accounting the interest from the student loan.
So be wise, pay off high interest bills, but don’t pay off low interest loans.
Posted under Finance
Income tax sucks.
Best way to avoid it or minimize it is just to set up a dummy coporation.
With a corporation under your name, you can deduct all kind of expensives like car lease, cell phone bill, insurance bill, etc. And maybe even deduct your house mortgage. Effectively you will be reducing your taxable income next to nothing, therefore you will only have to pay very little income tax. For example, if your corporation made $100,000 in net profit, and you managed to creatively write off $80,000 in expensives, then in the end, you will only have to pay income tax on $20,000 instead of the original $100,000.
Setting up a corporation is dead simple. You might need to pay about $500/year in administration fee, but this is little compared to tax money it will help you save.
Posted under Personal
About three months ago, I was pressured or tricked into creating a myspace account. Before that I had always wonder why does everyone and their dog have a myspace account? What’s so special about it? I couldn’t even stand to look at some of the my friends’ profiles without getting a headache.
I still think myspace is one of the most ugliest, most ads clustered website on the internet. Yet I continue to log into it every couple of days. Did you know that going through friends’ friends’ friends’ profiles can be very time consuming and addicting too?
Anyway, it has been three months and I’m proud to say that my profile has managed to get 1000+ views. See you on myspace. And add me if you haven’t.
Posted under Finance
I was chatting with Ivy today who used to work at Ameriprise. Anyway she told me to start saving toward my retirement by opening a Roth IRA account.
She said, if I put in 4,000 dollars every year, then when I turn 42, I should be a millionaire.
Is this too good to be true? If I only invest 4,000 dollars for the next 20 years, then they will only add up to 80,000 dollars. I mean how can this 80,000 going to help me become a millionaire? I don’t have the answer to this. But according to Ivy, this is how it works. Maybe it’s possible after compounding earning on top of earning. Who knows. She told me that she got this number from a financial calculator that Ameriprise uses.
So there you have it. Start putting away 4,000 dollars into your Roth IRA account annually then you will be a millionaire in about 20 years.
Posted under Personal
To be honest, I don’t really believe in any religion. I’m supposed to be a Buddhist, but I don’t necessary believe it.
What good can religion do for you? It seems that religion have killed more people than it tried to save. Seriously, pick up any history book and see it for yourself.
However, there is something that I do believe in. I believe in being a good person, which is not that hard to do. To me, being good just means mean not harming another and always try to help out whenever possible.
I believe that if I do one good thing, then later on, some good thing will happen to me. Just as if I do something bad, then I will be punished at some point later.
Did you know if all the people in the Middle East decide to give up their religion then the Middle East conflict will just instantly disappear?
Posted under Personal
My goal is to somehow find a way to retire before I turn 30.
That means I must work my ass off right now if I want to make goal come true.
What is your goal?
P.S. Money does fall from the sky if you know where to look.
Posted under Personal
At the end of the month, I will be making a change to my career.
From having a career to being a bum. No more going to work from 9 to 5. Hehe.
The future is looking very good for me.
Of course, most of you already know what I am going to be doing.
