Due to the Saudi Arabia oil refinery bombing over the weekend, energy stocks opened with a strong gap up and finished Monday up over 10% which is a huge one day gain. This forced me to roll my XLE covered call to the next month so I could establish a higher strike price to maintain enough delta for upside gains. My limit order for COKE that I placed last weekend also filled Monday morning.
In an effort to document my daily financial micro-actions, I have decided to input my market orders each day in a weekly blog post.
These trades and investments are not recommendations, but you can use this info to research and generate your own investing ideas.
We all dream of relaxing during retirement. However, many people underestimate how much money they’ll need when they retire. Living on a fixed income can be a tricky adjustment, especially in terms of budgeting. Having the right financial plan helps ensure that you can enjoy each day of your golden years. That way, you can devote your time to tasks you enjoy, like cooking, baking, or seeing your grandchildren, rather than fretting over money.
Our 2018 Federal Income Taxes have been filed and accepted a day before the deadline of April 15, 2019. We have completed the tiring process of paperwork and accounting and now we are ready to move forward to 2019.
In addition to the high yield interest checking account, cashflow cultivators can utilize a complementing high yield interest savings account to generate income from your savings in a passive and safe way in 2019 and into the future.
Most people in 2019 use checking accounts as the hub to operate their family’s personal finances. Personal checking accounts are essential, therefore you might as well earn interest on the money in your main checking account rather than not by using a high yield interest checking account in 2019 for your day to day personal and family banking needs.
One of the philosophies Cashflow Cultivators explore is streamlining our life by getting rid of things we are not using at the moment. The accumulation and hoarding of useless and/or not used items, otherwise called junk, is a slow wealth sapper. Instead of keeping these unused relics of the past, purge them to squeeze the liquidity out and invest the money in diversified investments.
Roth IRA accounts are versatile tax-advantaged retirement account financial products that are funded out of pocket by you with your post-tax income.
Due to the fact that you fund Roth IRA retirement accounts with money you have already paid tax on, the future capital gains from your investments grow tax-free if you withdraw from the account after age 59 1/2.
Hi, my name is Bryan, the Cashflow Cultivator, and I would like to welcome you to Cultivate Cashflow, a personal financial and entrepreneurial blog packed with ways to optimize the flow of your money by saving, investing, and generating new income with businesses such as side gigs and passive income streams.
Most entrepreneurs, hobbyists, and professionals, in nearly any space, would do well to break the fourth wall and create a blog, podcast, or vlog about how they approach their niche. Creating educational content and building a community around it can be very enriching and rewarding for yourself and your net worth.