2million's Personal Finance Blog

My Journey to Financial Freedom

June 2, 2008

May 2008 Net Worth Update (+$26,147)

Wow -- this is a record breaking month for us. Excluding the month were we merged our finances, this month smashed through my/our highest monthly net worth change that was previously $18,689 in August 2006. A single reason can summarize...
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June 4, 2008

Investment Performance May 2008 (+1.39%)

This is an ongoing monthly update on how our equity investments are performing. Please see this background on the investment tool I developed and how I am using it to track our performance against a benchmark to measure our progress...
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June 6, 2008

Financial Incentives for Going Green?

On June 1st Shenzhen, China (our home for our international assignment) implemented a tax on plastic bags. It now costs 0.3RMB for each plastic bag we get at the store. Granted its not a lot of money - about $0.04USD...
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June 11, 2008

Attacking Subscriptions -- A High Level Plan to Cut Expenses

There are all sorts of techniques to spending less - buy used or generic, clipping coupons, dine in instead of eating out, etc. However for the average family I believe the biggest best value comes from focusing your time and...
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June 18, 2008

Cancelled Enrollment in Company's ESPP

Well long after I talked about it, I finally canceled my enrollment in IBM's Employee Stock Purchase Plan. The plan which was significantly altered in 2005 was weakened, now offering only a 5% discount to the market price versus a...
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June 19, 2008

Warren Buffet Investing in Wachovia?

I caught wind of a rumor that Warren Buffet is making an investment in Wachovia. It brings a mixed reaction - I started investing when Wachovia fell to $40/share - its now less then $17/share and WB may have started...
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June 23, 2008

Opened a Chinese Bank Account

With some help, I finally opened a local bank account in China at China Merchants Bank. I had been avoiding the need to use a local account by using my HSBC Direct Savings Account with HSBC ATM card to pull...
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June 27, 2008

We Are Extending Our Assignment 6 More Months

We were asked at the beginning of this month to extend our assignment for an additional 6 months. We had a number of issues to resolve when we were asked to extend, but somehow everything came together. I was able...
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June 30, 2008

June Status of 2008 Financial Goals

I am thinking of reporting on a monthly basis the status of our 2008 financial goals. I have noticed confusion on my part about how much progress we are making on our goals (especially on our house savings goal) so...
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