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“There’s no doubt that Cambodian youth have the ideas, skills and passion, but we believe inspiration and knowledge-sharing by those who have succeeded are equally as important to turn business ideas into reality,” said Cellcard CCO Laszlo Barta. “Cellcard Lab welcomes business ideas of any kind, and in turn, provides successful applicants an invaluable platform that accelerates their ability to gain a complete set of skills and ultimately, bring their product to market.”

Here we we go again with translation technique. If you have not read my first post about this, you will have to read the Part 1 first: Translation Technique Part 1

Here I would like to address Google Translate since it's a bit mature now. Everybody knows about Google Translate, but this post is going to give you more confident in using Google Translate. In the event that we don't know the meanings of many words in a paragraph, we will have to spend a lot of time translating those words. With Google Translate, we save times. Since we copy and paste the whole paragraph, and double check if the translation is correct. It is important to stay cautious when we copy and paste from Google Translate.

After copy-paste from Google Translate, I list down the Translation under the English paragraph. I compare sentence by sentence to see the errors. After fixing all of the errors, I deleted the English paragraph, leaving only the Khmer paragraph.

There are hundreds of hotels in Bangkok in which you can find in a blink of an eye. However, only if you have stayed at those hotels that you realize how convenient it is. For this post, I am going to introduce you to two hotels which locate in a great location for a reasonable price.

1. Red Planet Hotel, Asoke Bangkok

Red Planet Hotel Asoke is a popular hotel among tourists as it's located just 100 meters from Asoke BTS station and it's also 100 meters from Terminal 21 shopping mall. This hotel room is generally booked. So, be well planned and book before others if you plan to travel in Bangkok.

It's hotel cost is around $30 to $33 per night for 2 people if you book via Red Planet Hotels homepage or via Agoda. Normally, you can get 10% discount if you are a Remembered customer which mean you are a returning customer. So, it's best to book via its homepage, rather than via Agoda. Children aged below 4 years old could stay for free if you don't request for anything extra.

I recommend this hotel because it's convenient to travel from one BTS Asoke to other tourist attractions. For example, if you want to go to Siam paragon, you can just take BTS Asoke to Siam BTS station at ease. BTS is specially popular among Thai people as the traffic is congested and it saves time too.

Read more details and book now!

Its twin bed

2. D Varee Xpress Hotel Makkasan Bangkok

This hotel is a three-star hotel, it is located on new Petchaburi road and about 100 meters from Petchaburi MRT. You can use this MRT and connect with BTS at Asoke BTS Station (connected by Makkasan MRT).

This hotel is generally expensive. It could cost up to $151 per night, but if you book via Agoda, it you might get up to 75% discount at $28 per night.

There is a price for free breakfast also, but I did not choose this option since I wanted to walk around and try street food.

I used to stay at this hotel in January 2016 and found it convenient to travel via MRT too. The room is big and incredibly clean. This hotel is 600 meters away from Red Planet Asoke Hotel. It could take up to 20 minutes to walk to Red Planet Hotel.

Read more details and book now!

The look outside of D Varee Xpress

Inside D Varee Xpress Hotel

About a year ago, in August 2014, I blogged that I had bought my own solo property in Kampong Speu province. It wasn't a brag. My only sole purpose is to inspire others and to share tactics to accumulate more wealth as I had been inspired by other successful people.

Today I blog about how I've bought a house (Just booked by now). So, this blog is more about my imagination and steps that I am going to take to accumulate this house.
Actually, I went to make the first deposit yesterday on December 02, 2015. The first deposit was $10,000, and I will still have to pay another $130,000 because the former owner agreed to sell for $140,000. It was reduced to this price after 2 weeks negotiation.

This post will explain to you what this house is and how I am going to get it, with the help of others.

Cost of the house:
It costs $140,000. It is not possible for me to buy this alone. So, it's me and my mum together we pay for this. It's $70,000 for me and $70,000 for her. I am not going to mention in the blog how she gets her part, but mine alone. So, basically, I will need to have $70,000. And this is how I am going to get it. (Not successful yet!)

My wealth by now:
- $23,000 (I expect to get this amount if I happen to sell the land I bought earlier in August 2014)
Link to article about the land
- $2,200 (Cost of half a hectare rice farm I bought last year, I do not know how much it costs now)
- $20,000 (I have this in my bank account as I got this from wedding gifts by guests on my wedding day)
- $8,000 (If I happen to get this from tong tin)
- $1,724 (Salary per month)
- $5,000 (Loan from Grandma from USA)

From the amount shown here, it clearly shows that it is impossible for me to rush to sell my property and get the $70,000 because by now I only have $20,000 in my bank account.

So, I approach a bank for the other $50,000. I have collateral for this loan. I got a special interest rate at Mega International Bank. I got this rate $58/month per $10,000. Thus, I'll have to pay $290 interest per month. The rate will decrease as time goes by and as borrowed capital decreases. I am going to repay this capital and interest in installment.

At the same time, I will start selling my properties but no rush. By the time I sell my land plot, I will have $23,000 extra. I will probably lend this $23,000 to someone who is in need for an interest of $100/month per $10,000. So, it will help me pay off the bank too. The reason that I won't use this $23,000 to pay back to the bank directly is that I could get an interest rate at $100 or $150 if I happen to lend it to others.

Also, since the house is in good location. And former house owner used to rent it for $350 per month. I expect to rent this for $400 per month. Thus, it may also help my repayment with the bank. But if I get $400 per month, I will share with my mum. So, I'll get $200 per month from rent.

If everything goes on well, I'll have the house (half of the house). And if the price of the house increases a lot, I might sell it and share half with my mum to find somewhere I can afford to buy alone later.

Phewww!! It's going to be an interesting financial journey for me! Invest!

House location:


Update, November 17, 2016:
It has been a year since I bought the house. I rented it to a tenant for $400 per month 8 months but she already moved out (I got $3200). So, it helped my loan repayment which is $1800 per month, that means I had to pay $1400 per month after deducting monthly $400. Since $1400 is for me and my mum. I alone had to pay $700 per month for my part.

Let's talk about the money I had prior to purchasing the house
+approx $25,000 I have not sold the land in Kampong Speu. Link to article about the land
+$2,200 land. This land is still there.
+$13,000 (Not yet get from tong tin)
+$1,760 (Salary per month)
+$5,000 (Loan from Grandma from USA) - Grandma said she gave us. So, no need to return, but I used it to pay for the house also.
-$20,000 (I have this in my bank account as I got this from wedding gifts by guests on my wedding day) - This money has gone for purchasing the house. So, no more to consider.

Since we have had this bank loan, we have repaid about $10,000 in one year. 6 more years to go.
Whether I can sell this house or find a new tenant, I do have a plan to buy another house which cost around $40,000 in 2017.