GENC3003 Week 5 Journal

Now, I am still a student in university, doing bachelor of architectural studies. I imagined that I can become a famous architect. But my father told me, “sometime dream is a dream, you can achieve your dream, but you need to make a lot of efforts.” I have interested in architecture since I was 14 years old. I promised to my father, “I will do it! I will do it best!” He said, “Don’t say it easy. It is not like that.” I answered confidently, “No worries, I will insist.” However, I am quite confused about it, not because I am not good at it, but because I want to make money, make more money, do my own business. Maybe I was too impulsive at that moment, maybe I still love architecture at this time, but actually my mind has been changed, has been affected by a number of things that I met, heard, experienced. I think I will take much more factors into consideration than before, because I have to grow to recognize the society, face the society, and know some rules about this society. I am still thinking what kind of business that I can run, what aspect that I am familiar with. Part 3-Unit 9 mentioned that the first tip to investment is to invest in what I understand. It is very necessary to understand what I will run, how does the company generate profit, what is the past financial performance. Running a business is not that easy, which need to do a great number of jobs to research, consideration, and emergency solutions. Additionally, a key understanding is the fact that return equals risk.

GENC3003 Week 4 Journal

From part 2-Unit 8a, the pie chart illustrates that most of the taxation is from individual income. After reading “calculating tax”, it can be found if taxable income is over 180,000, almost half of the income will hand to government for taxation. So how can we avoid tax or minimize the tax? Income splitting is a way to avoid this. I asked my boss about the tax, his wife is an accountant, so she told me how to avoid the tax. Annually, accountant will calculate the business’s profit and the amount of the tax. Then, the accountant will tell the business man how to minimize his taxation in an implicit way, such as changing a new car, which means to promote consumption in some extent.

GENC3003 Week 3 Journal

After reading the part 2, I seemed to know about different types of insurance that I never knew before, such as life insurance, health insurance, dwelling insurance, vehicle insurance. In unit 6, it mentioned that “never lie to an insurance company”, which I think is honesty. My boss ever told me that there was a customer in our deli shop that pretended to be a gimp for gain the insurance. However, the insurance company employed a private detective to observe him, at last, they know that he lied. Consequently, he cannot get any insurance from this company; also he cannot be trusted by any other insurance companies as well because his honesty has to be suspected. Possibly, it may lead to a more serious consequence. Therefore, from this lesson, I learned that we do will get the most benefit from the insurance company if we really have some difficulties in some unexpected accidents. Tell the truth is a sensible way to both of us.

GENC3003 Week 2 Journal

This week, I discussed with my boss about saving during leisure time. Saving is another important way to financial planning, but my boss told me that earning is better than saving. He said, “Saving is to save 1 dollar or 5 dollars, and you cannot save 50 dollars in one day, but you can earn 50 dollars in one day.” Therefore, my boss’s concept is to earn rather than save. He told me that I cannot spend savings on investment because it is not a majority, and I can only spend my savings on holidays, buying a car or buying clothes, which are all little money. Hence, if I really want to invest, whatever in shares or property, I have to use a great number of money to earn more benefit and gain much more profits. However, saving or not depends on the situation. I do not know whether it is right or not, but at least it is my own opinion. Sometimes, if it needs to save, we should save the most. When we earn, we should earn the most. We are supposed to save,in the meantime, we should earn.

GENC3003 Week 1 Journal

This is my first time to choose a commerce course called "Personal Financial Planning". I think I had some common sense about my personal financial planning before, but after I began to learn this course, I think I know little. I do not have any sense of specific knowledge about investment, variable interest rate and fixed interest rate of property. However, the reason why I choose to learn this course is because I want to improve myself, I want to plan my future, I want to do my own business and I think I have a brain of financial planning. Hence, after I finished week 1’s part, I know about it a little, but I know it is just a beginning. Afterwards, I talked to my part-time job’s boss about investing in property. He strongly agreed my opinion and then he helps me to calculate my boy friend and my five years’ rent. Finally, we find that if we buy a unit worth 400,000, and we can loan about 80% from the bank (because we are international students), so the five years’ rent equals capital payment. Now, I discussed with my parent about buying a property, they think it is a feasible method, but I still need to know it in details, such as high entry and exit fees, mortgage payments and so on.

workshop 2: Modelling

Fluid Thoughts

I chose the extruded window of Sydney Museum, because it is a unique feature of this architecture which attracts people's eyes.

This image was drawn by charcoal and watercolor. Why I use these two different materials is because it can be an obvious comparison between charcoal and watercolor.

This drawing that I tried to do it better, but it is the first time I use watercolor to draw a building, so it still needs to be improved.

This drawing is about the interior space in my home, which is a corridor to a door. On the left side, there is a handrail of stairs to go downstairs.

This one is five different views of internal space in my home.

There is a bottle of water and a watercolor pen on the table.

A bag on the table
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This one was done in the class, which is a good start on watercolor drawing.

Draw an object, but in different views.



Our workshop classroom
We are asked to draw the space of this classroom, and redraw it on the top of the previous drawing.

What I thought this image is about the movement. All the people are going the same direction with the same speed, and some go across the crowd.