Personal Finance Blog on January 13th, 2021 by Connor Kissack

 January 13th was quite interesting in personal finance. On this day we had all just finished Why Didn't they Teach us this in School, and we had a discussion on some the "quick tips" that were listed at the end of the book. What I thought was rather interesting was that when the book mentioned to "Drive your car until it drops" Dr. Ott mentioned that we shouldn't literally do this, but instead once the car's repairs cost more than the car itself we should get a new car. We also had a seminar on chapter 8 of Your Money or Your Life, and we talked about the crossover point, how we're able to reach this point, and what to do once you reach this point. After the seminar we all took a break from our hard work and we watched a movie called Trading Places. It was a comedic movie, but it mainly informed us of buying into commodities. Later in the day we shortly had a discussion on how we felt about the total net worth percentage we currently have in our lives. Afterwards, we all worked on our assignment of creating a fake scenario of buying/selling a random stock given a certain amount of money we had. We were required to use a technical strategy and use that strategy to buy into a random stock of our choice, and then we would see if this technical strategy worked for us to see if we gain money. If it didn't work, we would see our failures and see how much was lost from our total amount.

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