Back in October, I wrote a post questioning the viability of property rentals moving forward into the future. I wrote that post based on the soaring costs of insurance. The truth about property ownership is that operational costs are now exceeding capital costs in many areas of the country. Yesterday, the Federal Reserve Chairman Powell…
Author: Rich Slick
The Rule of 55 – Cashing Out A 401k
After approaching another round of burnout, I am very keen to “retire” so I have been exploring all my options. One of those options is the ‘Rule of 55’ and I’ve been doing research into this option. I spoke to my current 401k provider and they confirmed that I can pull my money out when…
Paying Your Mortgage With Your Credit Card
The holy grail of credit card reward points has always been to pay your mortgage with a credit card. This is usually the largest recurring expense most people have on their bill pile. There are now potentially two credit cards that will allow you to do this with minimal fees. Rather than type of a…
I Dream of Minimalism But Society Impedes Me
Almost a year ago I wrote, Financial Regrets: Accumulating Junk, where I discuss the piles of stuff I have and since I wrote that post, we have been working hard to donate or trash salvageable items and purge the rest however for every step forward we seem to take a step back and I’ve been…
Zepbound: My Health Journey – January Edition
I am definitely at a plateau. I have lost about 25 lbs and that seems to be a hard limit for me right now based on my 5 mg subscription. I now intend on asking my doctor to bump me up to 7.5mg of Zepbound. I will try that for a month to see if…
Sold More Calls On IWM Today
IWM is a cash machine for me so far. Sold 2 contracts today for $230 which will take me closer to making $2000 for my 30 day window. I now have a full “spread” of calls at the strikes I like so the only thing left to do now is wait. If IWM falls in…
Took 80% Profits On IWM Today
I couldn’t wait for the market to open today. The new administration’s tariff fiasco is roiling markets and it has allowed me to take 80% on some of my original calls and I had already banked 60% profit on some of the others. My new calls are up over 50% in profit already. I sold…
Canadian Citizens Response To Trade War & The S&P 500
Unless you’re living under a rock, you should know by now that the new U.S. administration has imposed tariffs on Canada, Mexico and China. Canada has responded in kind and I won’t get into Canada’s tariffs but I will get into research into what some Canadians are suggesting at taking action. The follow is information…
Financial Regrets: Streaming Devices
I’m a bit of a tech junkie but one of my biggest tech financial regrets are all the streaming devices I have bought over the years. I have at least a half dozen Apple TV devices, half dozen Amazon Fire devices, Roku devices and more. At the time, each device fit a purpose and was…
White House Announces Tariffs
The market sold off late into the day today because the White House announced tariffs on a bunch of stuff. This isn’t a political blog so I won’t get into the details here but those tariffs are going to impact people’s jobs, investments, and retirement. For me, the immediate effect was to see IWM drop…