Matt Filippini spends a few thousand dollars annually on sports and other activities, including as much as $300 on fly fishing

Matt Filippini is a 27 young man that works in business development at app developer Ibotta Inc. in Denver.  He makes $40,000 a year.  Every month he will transfers $800 form his checking account into his saving account, but still he has other money need to spend.  He spends a lot of money on annually skiing, flights and hotel.  The reason that he is saving money is because he wants to have his own house.  He says:” the house is not only a financial goal but a lifelong goal, I want to take the next steps in being a homeowner and having those responsibilities.”

There are some suggestion that from profession.  For example, Matt Filippini has to rethink that if he can afford a house in next year if he really buys it.  If he cannot be sure he will stay in the same city in next few years then he probably better just renting.  To buy a house is a huge decision, especially now the housing are in such expensive price.  It will takes years for us to work hard and save money.

Source: http://online.wsj.com/news/articles/SB10001424052702304176904579111523057086670

Ashish J. Thakkar, a young businessman has named by the World Entrepreneurship Forum as the world’s best young entrepreneur.  Christopher Heathcoat mentioned in his blog that Thakkas is a passionate and hard working man.  Like he said, we learned from the lectures that to become a entrepreneurs is not easy, but it is about a spirit and a belief.

Ashish Thakka CEO Mara Group

“It’s very humbling for me and this gives me all that more energy. The thing I’m most excited about is that we as Africa won.” Thakkar said.  He is not only represent himself but also his country.  He is going to make more difference in the future.

Comment on Christopher Heathcoat’s blog: https://blogs.ubc.ca/christopherheathcoterey/2013/11/17/success-just-be-passionate-about-it/

Source: http://www.forbes.com/sites/mfonobongnsehe/2013/11/12/african-millionaire-is-named-worlds-young-entrepreneur-of-the-year/

The ONEHOPE team.

ONEHOPE – a large wine distribution company, starting their business by only $10,000 in 2007.  It has received national distribution & sold over 100.000 cases in their early 20’s.  I agree with Fiona Chan’s idea:” there is a movement towards new businesses integrating social responsibility in their business models. Consumers are more likely to steer towards buying products linked with support in a social cause, and directly cause social enterprise to thrive in this modern generation.”  She believes that in future, ONEHOPE will continue increase their profit with a positive commerce motivation purchases.

Comments Based on Fiona Chan’s blog: https://blogs.ubc.ca/fionachan/2013/11/18/wine-not/

Source: http://www.forbes.com/sites/evankirkpatrick/2013/11/12/onehope-the-social-enterprise-with-over-1-million-raised-for-charity/

5 years ago, Warren Buffett wrote an op-ed in The New York Times that encouraged investors to buy.  Well, at that time nobody was listening to him.  He wrote it is chaos in the finical world, either in America or overseas.  He wrote:” A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful, and most certainly, fear is now widespread, gripping even seasoned investors.”  In fact, there were lots of reasons back there made people ignore him; a series of events made stock investing appear dicey.

What action was happening was predominantly buying.  Warren Buffett proved himself once again!

Source: http://blogs.wsj.com/moneybeat/2013/10/31/when-buffett-was-crazy-and-we-were-scared/

Everyoneknows that the aviation industry’s code of silence on pricing in this era of information overload.  When Airbus and Boeing Co. announce the orders, no one believed in them, which make it much mystery and speculation.  Robert Milton, who is the chairman of Air Canada parent Ace Aviation Holdings Inc. says they approximates the real price is half by what they announced.  Why people keep the price of airliner in secret?  There were different reasons from manufactures and buyers.  In psychology it because “Less-experienced plane buyers like to think they got a bargain and don’t want to be embarrassed if they overpaid.”  However, does not matter what is a real price and the catalog price, it can be use in marketing.  For example, the catalog price becomes the headlines in the newspaper.

Based on all these reasons, actual prices for popular models have barely budged in years.; discounts will keep growing.  I think until now we still have to ask:” How much does a new airliner really cost?”

Source: http://online.wsj.com/news/articles/SB10001424052702303649504577494862829051078

It is usually that people to make themselves stuck into a position and is not easy for them to change.  However, one day we have to learn to become a leader rather than follower.

Becky Johnson, right, was asked by her boss, Lisa Gable, left, to take on a leadership role at their Washington, D.C., foundation.

This article is about Ms. Johnson who was a former Commerce Department staffer, but after her boss Lisa Gable promoted her three times, now she is a senior director.  How did she do it?  At the beginning, she had essentially pigeonholed herself; she thought her job was to make her boss look as good as possible.  After she did the changes, like bought new clothes, learned body languages, she is feeling more confidence than before.

I learned a lesson from Ms. Johnson’s story.  When you doing your job, always think out of the box and believe you can do it.  Need to put ideas forward without any hesitancy.  It is important to be positive in your workplace.

Souece: http://online.wsj.com/news/articles/SB10001424052702304200804579165682751271964