Log of what of Ken Moy has learned at Techie Youth

Fri. Aug. 12, 2022

Finishing up assignments


8:00 am - 1:00 pm

Today, I have gotten emails regarding unit-assignments. So I spent most of today working on my assignments and submitting them. I am very sorry for not doing a lot of unit-assignments but I put try to put a lot of effort into my assignments to make up for the lack of assignments done. Once again I apologize that I might seem lazy and slacking, and although I may be lazy I wasn't intended on avoiding assignments.

Thu. Aug. 11, 2022

Creating Digital Assets


8:00 am - 1:00 pm

Digital goods are essentially electronic merchandise, such as E-Books, webinars, podcasts, media, games, and etc. E-Books are as it sounds, books on the internet that you can browse and read. You can make your own E-Books if you are interested in writing and that also can earn you money if you allow people to read your works at a certain price. Webinars are online meetings to promote and advertise your digital products or goods. They are a really good way to spread awareness of your digital assets. Podcasts are digital audio files or it can be done in person. Podcasts are a way to discuss certain topics that may interest other people as well and it can also earn you money if people watch and listen to your podcasts. Media is basically many different things like photos, 3D objects, sound effects, audio books, and etc that you can share on the internet that show different things. You can earn money this way by selling the photos to those that are interested. Games are pretty straightforward, they are digital games that lets people have fun. One way to make money from games is either broadcast and make videos on games or participate in the making of a game. You can voice act characters in a game and that will not only let you have your voice in a game but also earn money from it. All in all there are many variations of digital goods and it can be worthwhile to earn money from.

Wed. Aug. 10, 2022

Where to sell and assignments


8:00 am - 1:00 pm

Upon creating your product you would need a platform or website to advertise and sell that product for you to gain income. There are many websites that allow you to make your own online store that sells your products as well as pre-existing websites that just allows you to sell your product without making a whole website for it.

I started to catch up on my assignments by starting the first part of the stocks unit-assignment, which was predicting the volatility of 10 or more stocks. In addition to that, I am also going to make products on Shopify that utilizes the Techie Youth logo to spread awareness about Techie Youth.

Tue. Aug. 9, 2022

Garment design and production


8:00 am - 1:00 pm

Garments, or clothes, can be a really good way to earn money. It can also be fun to design for it also allows your creativity to run free. There are many ways to make garments to sell and it is fairly cheap. To start off with garment design, you would need something that really sets your garments out from the trillions of other clothing. You would also have to think of what you would want to put on your garment to make it unique. Considering how many garment designers there are, it would be really hard to compete against all of them. So it would be best to start small then when the timing is right, advertise it. In addition to garment design, it is also very imperative to think about garment production before you start the design. The reason being if you don't understand how you would be able to produce these garments, then the design would be for nothing. Garment production has many variables to consider, those such as pricing, manufacturing, shipping, and inventory. All these are necessities to consider because they all contribute to the success of your garment production. I am interested in garment design because it is a really cool concept of making money and also I could make exclusive garments to show off.

Mon. Aug. 8, 2022

Digital Art and Electronic Products


8:00 am - 1:00 pm

There are often many old electronic devices that are either broken or not in use. Typically the ordinary thing to do with old broken electronic devices is to dispose of them. But that shouldn't be the case all the time. Of course within the electronic devices you have parts that make up the device. Those parts can either but sold or used for a different purpose like making something out of old electronic device parts. This a really good way to earn money with the things that you don't need or is broken.

Digital art is another great source of income for those who have creativity that they want to share. Art is often sold at high prices and that includes digital art. Like 3D designing, there are platforms that allow your creativity to shine by offering many unique tools.

Fri. Aug. 5, 2022

Understanding Robotic Products (Pt. 2)


8:00 am - 1:00 pm

Because robotic products involves many components that require constructing and coding, the topic of robotic products is vast. There is a lot of information you can absorb from learning from other people on how to construct robotic products. Some essential information to understand is how robotic products functions as well as how each component functions and what do they need in order to function together. Before constructing a robotic product, it is important you understand how you want it to turn out and how to construct it. There are many variables when considering construction like cost, time, knowledge, and components.

Thu. Aug. 4, 2022

Understanding Robotic Products


8:00 am - 1:00 pm

Robotic products are another type of 3D product. In my opinion, robotic products are much more difficult to produce, design, and make than other 3D products. The reason being that there are much more components in robotic products as well as the designing and constructing. Robotic products are very amazing, sort of like new inventions, that can be really rewarding after making one. Since there are so many parts there are to a robotic product depending on the idea and design, there are websites that offer these parts for a price. From my POV, I feel like the drawback would be the amount of money it would take to construct a robotic product. There are many robotic products that doesn't require a lot of parts but there are some that requires many parts. All in all, it also revolves around the creativity that is put into making a design for a robotic product that makes it so rewarding.

Wed. Aug. 3, 2022

Laser Cutting for 3D Products


8:00 am - 1:00 pm

Laser cutting is one way to print out 3D products and there are steps to take before you start laser cutting. Laser cutters are used for cutting, engraving, and marking. Some steps you should take are the type of laser cutters, what material are you laser cutting, making a design for laser cutting, knowing how to use a laser cutter, safety precautions, and etc. Definitely understanding how a laser cutter works and how to stay safe while using one are the most important precautions and step to take before fully operating a laser cutter to cut or engrave or mark. The infrared laser on the laser cutter is invisible to the naked eye which is why it is so important to understand safety precautions and knowledge on how to operate. There is a red dot but it is simply to tell you where the laser is and helps the laser position but not the one that's actually cutting. Aside for that, laser cutting is a really good tool to utilize when you have designs that you want to sell for some extra income.

Tue. Aug. 2, 2022

3D Printing Websites and 3D Printing Devices


8:00 am - 1:00 pm

Along with many 3D Design platforms, there are also 3D printing websites to help you print the product and put it up for sale. It is very imperative to have a way to print your product because otherwise it would just be making the design but not printing it for sale. It somewhat defeats the purpose of making a design if it isn't going to be for sale. Some examples of 3D printing devices are 3D printers and laser cutters. 3D printers are made solely for 3D printing and laser cutters are to engrave something onto something. Some websites offer 3D printing while some offer to put it up for sale but there are also some websites that offers both.

Mon. Aug. 1, 2022

3D Design and Printing Platforms


8:00 am - 1:00 pm

There are many 3D design and printing platforms today and each platform is unique in its own way. Some platforms are Blender, TinkerCad, Autodesk MeshMixer, AutoCAD, and Solidworks. While all these platforms have difficulty to learn, there are many wonderful beginner tutorial online. These tutorials educate you on the fundamentals of the platforms. There are many intricate functions that aid you in making a 3D product. While each platform may differ from their functions and design, ultimately each platform allows you to make your own 3D product which then would be able to be sold. Apart from educating you on how to use a platform to make a 3D product, they also offer advice. What the tutorials don't offer is creativity because you can't necessarily teach creativity, it comes naturally. Creativity can be a blessing when you use it to its utmost potential and you'd be rewarded for it. Unfortunately for me, I'd say my creativity is lacking and definitely could be improved on. I do like the idea of making your own 3D products and selling them because it is a good side hustle where you could earn money from while making things based off of your creativity and having fun while doing so.

Fri. Jul. 29, 2022

Understanding Commodities


8:00 am - 1:00 pm

Commodities are essentially raw physical products that are either sold or bought. It is an economic good that can earn money and affects everyday life. Some examples of commodities are gold, beef, oil, grains, and natural gas. Like other investments, there are risks that come along with commodity trading. Commodities are probably the most volatile asset there is. This means that the prices of commodities can either go up or down really quick in a short amount of time. Commodities are also traded on future markets that has high degrees of leverage which also contains contracts. From this, a lot of money can be lost because of future margins.

Thu. Jul. 28, 2022

Understanding Options


8:00 am - 1:00 pm

An option is essentially a contract that is given to the buyer from the seller. It gives the buyer the right to buy or sell an asset at a price before an expiration date. A lot of investors buy options to try to hedge risks but even then there are still a lot of risks within options. There are call options and put options in buying options. A call option is when the stock price is above a specific price at expiration, the owner of the call can either buy the stock at that price or sell it to another buyer (this is one way to reduce risk). A put option is an option that increases in value as the stock falls. The investment topic on options is very vast and large which will require you to understand a lot of things before buying or selling options. There are also many terms that you would need to understand, which I am lacking. I feel like I'm absorbing a lot of information but not really understanding everything. So I would need to re-evaluate the information that I am puzzled about.

Wed. Jul. 27, 2022

REIT Trading and Benefits


8:00 am - 1:00 pm

REITs stands for Real Estate Investment Trusts and REITs are essentially investments in real estate property that acts sort of like a dividend and not actually having the responsibility of owning physical real estate. There are many benefits to owning REITs like owning a dividend of a real estate, inflation, and reducing volatility. Since REITs acts like a dividend, you can earn money from the monthly rental income, which is a really good passive income. Instead of inflation being a negative thing like usual, as inflation increases, the price of the real estate also rises which increases the amount of money gained. It also goes to show that REITs are great long term investments with low risks.

Tue. Jul. 26, 2022

Coinbase and Forex


8:00 am - 1:00 pm

Coinbase is a cryptocurrency trade and exchange platform. It keeps track of the cryptocurrencies that are on the market as well as their prices and volatility. In Coinbase you can buy, sell, transfer, and store digital data that involves cryptocurrency. Coinbase is really just for cryptocurrency and it does a really good job being a crypto exchange.

Forex is the largest global marketplace for exchanging national currencies. Forex is really just short for foreign exchange. As it states in its name, it is a trade/exchange between foreign currencies to each other like USD (US Dollar) and CAD (Canadian Dollar). Forex is a lot bigger than the stocks market in terms of financial trades and pace. Forex is much more fast paced and as for stocks, it's more of a slow long term investment. Forex is also more flexible and more profitable as well as offering a lot of opportunities.

Mon. Jul. 25, 2022

Cryptocurrency and Blockchains


8:00 am - 1:00 pm

I gained a large sum of knowledge on cryptocurrency and blockchains. There are many cryptocurrencies to invest in and their volatility is higher than stocks. This means that you are more prone to losing money in cryptocurrency than stocks. Cryptocurrency is not only used for investing but also an option to pay for things with. Bitcoin is the most popular and the most traded coin at the moment. Coins can be mined by guessing a difficult number sequence via ASIC miners, CPUs, GPUs, and more. Cryptocurrencies are also open for trades 24 hours for 7 days of the week.

Blockchains are essentially a database or a ledger. It stores data and is immutable. This means that blockchains are not prone to modification of data. It is a very secure database that are used in many things. Such as markets, government sectors, health, science and art, and finance and accounting. It is utilized in a wide variety of fields because of its ability to keep track of data that is theoretically impossible to alter.

Fri. Jul. 22, 2022

Stocks Terms


8:05 am - 1:05 pm

There are many stock terms that are in investing. All these terms are very important because they educate you on the fundamentals of investing. These stock terms are utilized pretty much every time an investment happens, maybe not all of them but definitely some of them. Some of the stock terms I already knew but I gained a more in depth understanding of them. I am getting more intrigued in investing now that I have some sort of fundamental understanding of investing. I still need a lot more knowledge on investing and hopefully I will soon gain experience as well.

Thu. Jul. 21, 2022

EIN and Branding


8:00 pm - 1:00 pm

All companies and businesses in the US should register with the IRS the reason being that upon registering, you will be given an EIN or Employer Identification Number. An EIN is basically like a social security number for every individual but instead it will be for the entire company. Filing for EINs would allow your business corporation to have income. Having an EIN for your company is really important because it let's you do things like hire employees and open a business bank account.

It is always important to have your own unique and different branding from every other company. The reason being if you rip off an existing company for their brand/logo/name, you will be liable for copyright infringement, a violation of the copyright laws.

Wed. Jul. 20, 2022

Profit Models, Math to Business, and Executive Summary


8:00 am - 1:00 pm

Profit models are essentially an overlay of a business' profits and viable products. It breaks down a business and informs of the profits that are being made, can be made, and those that can't be made. It's essential for businesses because it let's you keep track of the profits that are being made from the business.

There are many important parts to starting a business and one of the big skills that is definitely required to have in a business is being able to calculate math. It is very imperative to understand how to calculate or have someone who knows how to calculate because there are always numbers in business. Being able to calculate the profits let's you make your next move depending on the situation. It also let's you calculate other important digits like salary, taxes, payment for workers, hire rates, etc.

Executive summaries are a rundown of a business, it is usually for business purposes. It is a business plan to keep track of what the business does and how it might work.

Tue. Jul. 19, 2022

Entrepreneurs, Schedules, and MVPs


8:00 am - 1:00 pm

Entrepreneurs are people who create business from their ideas. When they create a business from the idea there are many steps in the process to get it started. Those things may be people to work with, see if it's viable, and how much can we make from this. Entrepreneurs are always ready to earn money and they even educate those who aspire to be an entrepreneur. With the sole idea that entrepreneurs start business, their schedules are bound to be packed. Entrepreneurs plan each day out to make the most and best use of their time.

Entrepreneurs start their business with their ideas and communicate with the people they work with. They then start to make an MVP, a minimum viable product. MVPs are basically prototypes, early in development products to attract early customers sort of like an investment or patron. MVPs are a great way to get a business started because it's the slow and steady income at first then it becomes into a more developed and finalized product which will reap all the benefits.

Mon. Jul. 18, 2022

Improving qualities of life and leadership


8:00 am - 1:00 pm

I have many qualities of life that I discovered to need improvement. Those being financial responsibility, time management, health, stress management, and productivity. These are the most important areas in life and also the ones that need the most improvement.

Leadership is a very honorable title. Being a leader requires many things, like leadership qualities. Leaders have a strong presence and they are the ones to act first. They command the people that wants to follow someone in a way that can benefit everyone. Leaders are the ones that acts on their own free will while thinking of how it can affect others. I don't think I am suited for leadership roles, it sounds cliché but I truly feel that I lack some of the qualities. Leaders are brave and courageous they motivate their team.

Fri. Jul. 15, 2022

Personal Health, Mentors, and Jet-Setter Lifestyle


8:08 am - 1:20 pm

Personal health is one of the most important things in life. It is the well-being of yourself, whether that be physically, mentally, or/and socially. It is very imperative to be aware of your personal health because it can affect how you do in a job. Practicing physical exercise is a good way to stay in good personal health because it contains physical, mental, and social well-being.

Mentors are people who give you advice and feedback on the things you do. They give you insight to things you may be lacking in, as well as enlightenment in some categories. A mentor would always wish for and monitor their mentee's success and that's why they give their best effort in mentoring a mentee. It is essentially a guidance for a mentee on opportunities of development.

Jet-Setter lifestyle is a lifestyle that consists of travelling from place to place while working remotely. Jet-setters also reduce their travelling expenses to maximize their time in efficiency. I find it to be something that even I might be interested in doing. For people who have interests in travelling, like me, they can travel at their minimum expense while earning more money than they spend.

Thu. Jul. 14, 2022

Financial awareness, Financial Management, and Time Management


8:13 am - 1:22 pm

It is very important to be financially aware and understand financial management. Financial Awareness helps with financial management, to be financially aware you are then able to manage money more efficiently. It allows you to make financial decisions to increase your wealth, like investing. To understand what to spend your money on and what not to spend your money on depending on your financial standing is very important because it could benefit you in the long run.

Time management is also important because time is the most valuable thing a human has. With the limited time of a human lifespan, it is imperative to put your time doing something productive and worthwhile instead of exhausting it in something pointless. Time management also plays a big part in your financial standing because the more time and effort you put into raising your wealth, the more you can gain out of it. Understanding time management at a young age is very important because once you put your time into something meaningful in the long run, as you age you will have more time to enjoy the world when you have established a good amount of wealth for retirement.

Wed. Jul. 13, 2022

Beware of scams in your job offers


8:08 am - 1:14 pm

Scams are always something to beware of not only in job offers but in other everyday situations too. Scams can vary depending on the situation, such as identity theft and money scams. Scam job offers have chances to steal your identity while applying for a fake offer as well as possibly using that identify for ill intentions. If you think good job offers are too good to be true, like paying an overwhelmingly high salary, it is potentially a scam.

Tue. Jul. 12, 2022

Proper interview etiquette and job websites


8:31 am - 1:51 pm

It is imperative to stay calm and clear headed to be able to answer all the questions from the employer. Small habits can be noted and may affect the interview. It is also important to dress appropriately, always be listening to the employer with your undivided attention without interrupting, be positive and enthusiastic, as well as preparing your own questions to ask to the employer.

I also learned that there are many websites that offer remote jobs. You just have to do your own research and go look for jobs that may fit you. The websites always offer something everyday and tries to match your portfolio. It is a very useful resource if you want to work remotely. Again, there are millions of jobs, although not every job may be to your fit, there should be at least a few among the millions they offer.

Mon. Jul. 11, 2022

Better way of getting paid


8:45 am - 2:11 pm

I learned that it is better to get paid digitally than in cash. The reason being is that being paid digitally is faster, more convenient, and it is safer. In addition to that, there is a less of a charge on tax when being paid digitally than in cash. It can also be used easier and more widespread. You can also send cash to your friends without meeting up to give cash or sending it through mail which is riskier than sending through an app.