USA Today had a great article out today warning that another 190 banks could fail if merely 50% of bank customers decide to pull money out. On the heels of Silicon Valley Bank’s collapse earlier this month, 186 more banks are at risk of failure even if only half of their depositors decide to withdraw…
Author: RichSlick
My name is...Slick, Rich Slick to be exact and as my name suggests I'd like to get Rich in a Slick way so I'm dedicating this blog to getting Rich in every slick way possible. The goal is to pursue money making opportunities where ever they arise.
Banks Collapsing Like It’s 2008 All Over Again
On March 1, I wrote a post entitled “The Most Important Financial Lesson?” which basically outlined that the most important financial thing to do is not lose money and since I wrote that post, Silicon Valley Bank went belly up and today New York Signature Bank has also gone belly up. I suspect that 2023…
Where Did All The Personal Finance Blogs Go?
When I started Get Rich Slick there were hundreds of blogs and there was a syndicated list over at PFBlogs.org but almost all of the blogs haven’t been updated since covid happened. I am grateful to LazyManandMoney for keeping his blog active. It’s one that I read regularly for a while but because I am…
The Great Southwest & The Digital Nomad Hope
After my tour of the Midwest, I ended up back in the Southwest and the moving around taught us that we really liked exploring and living in different parts of the Unite States but beyond that we learned about a growing calling named “the digital nomad” lifestyle whereby people with portable skills can work remotely…
The Great Midwest Redux
Yesterday I told you about my adventure to the Midwest which didn’t quite work out except for picking up a rental property so let me tell you the rest of the story. After a disappointing year with a new employer, I found a new job relatively quickly in yet another Midwest state at a much…
The Great Midwest
In late 2020, the company I was working for offered a very nice severance package to exit the company early and I took the money, ran, and quickly found a new job in a new state. The great part of the new job is that it came with a relocation package and the firm offered…
The Most Important Financial Lesson?
As a young man I had heard about Warren Buffets two rules of money but it literally took decades to fully understand why the rules were the most important financial lesson. The advice is even more prudent right now that the stock market, the housing market, and potentially the global investment community could be on…
Preparing To Return To The Blog!
This blog started in May of 2006 and while I’ve been on a long hiatus I plan on returning to updating the blog and sharing what I’ve learned over the years. I’ll do a recap since I’ve left off but if you’re wondering what happened to this blog I can summarize it in a two…
FDIC Coverage Roadmap
As I wrote in an earlier post, the FDIC is worried about people pulling money out of bank because they seem to have the need to remind us how safe our money is with banks. The key problem with the FDIC’s message is that they seem to forget or willfully ignore the effect of inflation…
How To Prepare For Financial Armageddon 2020 Style
Now that I have put my financial survival plans in place for 2020 and beyond, I figured I’d share some of my strategies. A large portion of this post is simply a repeat from the 2007 crisis with some added changes. Keep your payroll check in MULTIPLE bank accounts Keep some amount of emergency funds…