A recent graduate from UW created this, I found it has very valuable insight, as my kid is probably going to take computer science study at UW later this year.
https://classprofile.andyzhang.net/
Computer Science is the hottest sector today, new graduate are paid over 100K/year. Its a rewarding career.
some highlights that interested me are:
- California is popular location for Co-op as student go to senior year, East canada is the popular place for the first year.
- Women are paid the same as men on average during coop
- Students who join hackathon and work on side project are better
- python is the most popular coding language.
- the majority of desktop OS is MacOS
- Web development is the most favorite work
Sunday, February 24, 2019
Sunday, February 17, 2019
Start to build up my TFSA account
In the past few years, I have been using my regular investment account. I found its too much hassle to file tax, as I have to report every transaction at end of year. So I decided 2018 is the last year. Starting from 2019, I will use TFSA accounts instead and reduce my investment from regular account. Add up account limit for both my wife and mine, we can use over $100k in TFSA. that's enough for now. Also government allows increased contribution in 2019.
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/tax-free-savings-account/contributions.html
The Tax-Free Savings Account (TFSA) program began in 2009. It is a way for individuals who are 18 and older and who have a valid social insurance number to set money aside tax-free throughout their lifetime. Contributions to a TFSA are not deductible for income tax purposes. Any amount contributed as well as any income earned in the account (for example, investment income and capital gains) is generally tax-free, even when it is withdrawn.
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/tax-free-savings-account/contributions.html
The Tax-Free Savings Account (TFSA) program began in 2009. It is a way for individuals who are 18 and older and who have a valid social insurance number to set money aside tax-free throughout their lifetime. Contributions to a TFSA are not deductible for income tax purposes. Any amount contributed as well as any income earned in the account (for example, investment income and capital gains) is generally tax-free, even when it is withdrawn.
The annual TFSA dollar limit for the years 2009, 2010, 2011 and 2012 was $5,000.
The annual TFSA dollar limit for the years 2013 and 2014 was $5,500.
The annual TFSA dollar limit for the year 2015 was $10,000.
The annual TFSA dollar limit for the year 2016 and 2017 was $5,500.
The annual TFSA dollar limit for the year 2018 is $5,500.
The annual TFSA dollar limit for the year 2019 is $6,000.
Sunday, February 10, 2019
What is my core living expense
Just did a calculation how much the core living expense is for the family
Its around $2000 CDN per month.
If I include other expense like kids expense, mortgage etc, the total is about $3500.
The core living expense covers property tax, utilities, grocery, internet, cell phone plans, gas, public transit.
$2000/month passive income is certainly easy to achieve. Even $3500 passive income is reachable if I do some re-arrangement.
Its around $2000 CDN per month.
If I include other expense like kids expense, mortgage etc, the total is about $3500.
The core living expense covers property tax, utilities, grocery, internet, cell phone plans, gas, public transit.
$2000/month passive income is certainly easy to achieve. Even $3500 passive income is reachable if I do some re-arrangement.
Sunday, February 3, 2019
How many credit cards are in my wallet
I stay with my principle of minimalism. use max 3 cards in my wallet to keep life simple.
For myself:
- Visa card: CIBC Aventura Infinite visa card ( This is my primary card with lots of perks )
- Master card: PC World Elite master card ( used for NoFrills grocery, Esso gas and Costco)
- Stay-at-home card that I used for recurring bills only: Tangerine cash back master card, which I can take advantage of 2% cash back offer for recurring bills.
- Visa card : CIBC Aventura Infinite visa card ( secondary card )
- Master card: Roger World Elite master card ( 1.75% cash back on everything)
- Visa debit card: Bank card