Here is a quick financial check in for July 2022. It’s hard to believe that the year is more than half over already. I’ve had a busy year with projects and work. My income has increased substantially, and so has my savings rate. Here is an update. Debt My only debt continues to be my […]
Random July Thoughts
July 2020 by Leave a Comment
Some random July thoughts to close out the month. It’s hard to believe that I am staring at August. This summer and this year are flying by. Despite that, I have managed to accomplish a lot so far this year. The Cabin Looking back at the work we have done on our cabin definitely gives […]
Personal Financial Update Part 2, JAN 2020
January 2020 by Leave a Comment
January 2020 is already coming to an end. I can’t complain too much, as this winter has been mild for the most part. I haven’t had to plow my driveway yet or shovel much snow. Heating costs are also keeping low this winter. So, how are my finances fairing as we head towards February? Here […]
Generate Income Through Peer-to-Peer Lending
January 2018 by 26 Comments
With CDs and other fixed income products paying laughable yields, investors are searching for places to park their money and earn a decent interest rate. In a previous article, I wrote about 8 ways to earn income when interest rates suck. One of the options that I mentioned, peer-to-peer lending, has started to catch momentum as […]
Is Savings the Way to Grow Your Wealth? You Would Be Surprised
May 2017 by Leave a Comment
Most personal finance blogs will tell you that savings is the most important factor in becoming wealthy, which is true right, if you don’t save; you simply cannot increase your net worth, which is a lose/lose situation. However, is savings the answer to abundant wealth? Lets take a look at what saving over a lifetime […]
What is “living within your means”?
May 2017 by Leave a Comment
A common topic in the personal finance world surrounds living within your means. But is it really important to live within your means? And what are the main benefits and drawbacks in doing so. Rent – the Great Bambino When I think about living within your means rent is the main showstopper. If your rent […]
How to Become Wealthy
March 2017 by 1 Comment
How to Define Wealth Before discussing how to become wealthy it might make sense to discuss what the definition of wealthy really is. Is it 2 million in the bank? A salary of 1 million per year? In my opinion being wealthy is having enough money to allow yourself to never have to work again […]
Selling Covered Calls To Generate Extra Income
September 2012 by 5 Comments
If you’re a buy-and-hold investor with at least 100 shares of a particular stock, you could be generating extra income with little effort on your part. No, I’m not referring to dividends. Selling covered calls is a low risk options strategy that allows you to collect a premium for writing calls while you still own the […]
