by Hui-Chin Chen, CFP® | Last updated Jul 20, 2018 | Published on Aug 16, 2016 | Money and the heart
Have you ever been out of your home country for so long that you almost forgot how things work when you returned? This happened to me last week, my first reverse financial culture shock. Having moved back to my hometown for the next 10 months, my husband decided that...
by Hui-Chin Chen, CFP® | Last updated Jul 20, 2018 | Published on Jul 12, 2016 | Money and the heart
Building your own business is a process of self-reflection. You not only put in a lot of money, energy and sweat, eventually you spend a lot time – not just working, but also doubting your own effort. Am I taking my business in the right direction? Am I working hard...
by Hui-Chin Chen, CFP® | Last updated Jul 20, 2018 | Published on Mar 25, 2016 | Money and the heart
In my last post about creating a one page financial plan, I wrote about how you should first discover what kind of life you want, or would like to build together with your spouse, before planning your finances. I went on to encourage you to be specific on what, when,...
by Hui-Chin Chen, CFP® | Last updated Jul 20, 2018 | Published on Nov 11, 2015 | Money and the heart
Anchoring bias, or anchoring effect, speaks to the fact that we unwittingly use first impressions to form perceptions that affect our later perception. That is to say, we assign value to one option based on its comparative attractiveness to other options, instead of...
by Hui-Chin Chen, CFP® | Last updated Jul 20, 2018 | Published on Oct 16, 2015 | Money and the heart, Organize, Plan, Systematize
It all began when our Internet dropped off. Having watched all our TV programming through streaming in the past four years, not having Internet was a huge blow to our evening entertainment. Fortunately, we just recently moved into an apartment with free cable and...
by Hui-Chin Chen, CFP® | Last updated Jul 20, 2018 | Published on Sep 29, 2015 | Money and the heart, Organize, Plan, Systematize
What are your financial habits? During the last few years of marriage and transferring from one country to the next, I developed a few habits of my own that you might be able to relate to: #1: Think long and hard before purchasing what is not immediately consumed....