Introduction Covered calls are a popular options strategy used by investors to generate additional income from their stock holdings. This strategy involves selling call options on a stock that you already own 100 shares, or are “covering,” in order to collect the premium paid by the option buyer. The first […]
finance
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Build Your Wealth with Dividend Investing One of my goals in life is to build wealth with passive income to let me do whatever I want whenever I want. To do this, I invest in assets that will pay me for owning them. Commonly, this is seen with real estate. […]
Control Your Spending Creating a budget is one of the pillars to creating a solid financial foundation. It is recommended for anyone who is trying to have savings goals, reduce their spending, or just awareness of how your money is flowing. If you have never set up a budget, you […]
So My Company Offers a Retirement Account Contributing to a retirement account is one of the smartest things you could do. But, when you look at your options, you see a Traditional and a Roth account. What are the differences? What should you choose? Well the first step is to […]
We Consider Opportunity Cost Every Day So many times you have weighed options in life that came down to what option has more benefit. This could be a choice in buying cars, investment decision, or whether or not to go to the park with your kids. You’re constantly having to […]
Robinhood Makes Investing Easy Robinhood revolutionized the way people invest. Before the app, brokerages charged commission and fees to make individual trades. Of course, this came with bells and whistles that you may or may not have needed. Since then, companies changed their models to provide to better compete with […]
Make Your Money Grow Now In the book, Rich Dad Poor Dad, the thing that separated the rich from the poor is how they viewed money. The poor worked for money and the rich had money work for them. You have acquired extra money and now you want it to […]
Financial Foundation to Start Your Path Financial foundation building starts with getting control of your accounts. I accomplished this by creating an artificial zero in my checking account, moved my money to online savings accounts, set strict budgets, built credit, and eliminated bad debt. The following guilds will help you […]
Rookie Series Article 2: Big Banks Are Bad For Your Wealth, Part 2 To continue from Part 1, I show how banks use your money to make themselves wealthy, while leaving you in the dust. In Part 1, I discussed how big banks charge you to do business with them. […]