Archive for June, 2006

Don’t Buy a House in SoCal yet…

…cuz according to this article, the big one is going to hit just any minute now.

 Maybe I should go buy that earthquake insurance.


June 21, 2006 at 1:12 pm 2 comments

Incentive for Contribution

My coworkers and I came up with a new technology to solve one of the current system problem and just for the heck of it, we filed a patent disclosure with our company. I just got the notice that the patent attorneys thought the technology is pretty neat, so the attorneys are going to submit this patent disclosure to the US Patent Agency (but we would need to comb through 1000+ pages of other patents to make sure our technology does not infringe onto existing patents) *WOOHOO*. 

The awesome part [for the company] is if this patent goes through, the company can use it to make millions and billions. The not so awesome part [for me] is I would be getting 0.00% of that money. Of course such arrangment would not bout well with anyone, so our company has this incentive program where if your idea can be submitted (like in our case), we get a small reward ($1,000 or so). And if the disclosure becomes a patent, we get another small rewards.

I think it is pretty neat the company has this incentive program to encourage employees to be innovative. Furthermore, I think if the company increase their incentive amount and provide employee with more opportunity (and time) to be innovative, more employees will try to be more creative with their technological approach rather than going with the traditional (heritage) route. I think this is one of  main reason that Google is doing so well. What do you think? Does your company has any incentive program?

Although I won't get rich out of this, it is still pretty cool that in a year or so, I may be able to officially call myself an Inventor.

June 20, 2006 at 10:34 pm 10 comments

This Suit Costs $1,400 or $140…

For my male readers, great article on how to buy a men's suit from the Budgeting Babe's blog.

June 11, 2006 at 4:49 pm 2 comments

Free Night at Mariott

HSBC mailed me their "Smart Idea" promotion. Open an interest checking account with direct deposit or $3,000+ deposit, and you will receive one free night and breakfast for two at one of over 2300 participating Marriott hotels.

Pretty sweet deal.

June 11, 2006 at 4:32 pm 1 comment

You Won the Lotto! Now what…

It's Just Money wrote a very good entry comparing taking cash value or annual payment if one shall win the lotto.

It makes more sense to take the cash value so those money can generate even more money. However, if I win the lotto (assuming my financial and personal situation is about the same), I would take the annual payment.

I have no problem with handling such amount of money. However, when it comes down to what I want in life, annual payments make more sense (for NOW). With annual payment, I would have the freedom to choose how I spend my time (work, travel, bumming around…) for at least the next 20 years. I been taught well in term of living within my mean, so if I save and set money aside for retirement and investment, I can manage to have that financial freedom for the rest of my life.

However, if my situation change (most likely), I'd take the lump sum. For example, say if my parents' livelihood is depending entirely on me or if I have kids, then I would take the lump sum so if anything shall happen to me, their lifestyle won't change overnight.

What would you do if you win the lotto? 

June 7, 2006 at 1:42 pm 4 comments

I’m a “Weird Thing” Magnet

Apparently, I am a magnet for weird stuffs.

A few days ago, I received a delinquent fee notification for a parking violation that got ticketed 400 miles away from where I was on that day. I called and turned out the Sheriff wrote down the wrong license plate number. Hopefully DMV would clear this up soon.

Today, someone deposited $10.75 into my Pay Pal account. It'd be typical IF I was selling stuff but I had not put anything on eBay for years. Neither could I figure out what the payment was for from the payment details. I emailed the buyer about it. It's probably another mistake. 

I should go buy a lotto tomorrow, maybe by mistake I would win! 😉

June 6, 2006 at 6:58 pm 3 comments

Real Estate in Southern California

The main culprit behind the latest price hike is the unrelenting demand for limited housing, a problem fueled by record-low mortgage-interest rates, adjustable-rate financing and a population stampede into Southern California that shows no sign of slowing.

Read more here.

Base from this article, I guess I should be glad I already got a house despite that the house take up more than 50% of my income.

June 6, 2006 at 12:52 pm 2 comments

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