Yearly Archives: 2016


Reviewing my 2016 Goals and Objectives

With a few days left in the year, what better time to open up my 2016 goals and objectives post and see how I did this year.  I have been doing goals and objective posts and their subsequent review for the past 8 years! Writing a goals and objective post, nevertheless reading it and judging yourself one year later is a fantastic exercise. In January of 2016 I wrote (to myself), Looking back in 2015, I feel like it reads a little too complacent.  I was/am very happy with life right now, and that is a problem/opportunity. Good is the enemy of [...]

By |2016-12-29T15:26:20-04:00December 29th, 2016|Personal Situation|2 Comments

The 5 Best Money Moves for Young Professionals

Starting out in the work word is exciting. The financial gains you make in your 20s will have a lasting impact on your lifetime earnings. It’s important to know what to do with the money you make to maximize it. Here are a few smart money tips for people just starting out: Live Minimally It might be tempting to blow your first paycheck on something big and unnecessary but you’ll fare better staying modest for awhile. Pay the necessities and then save the rest. It’s important to have at least 2 months’ salary saved in case you need unpaid time off work [...]

By |2018-01-24T15:19:06-04:00December 22nd, 2016|Personal Finance|2 Comments

Rolling Option When You May be Assigned a Naked Put

I have become semi-obsessed with options and the income they can generate since I first learned how to sell naked puts.  However, selling naked short puts has risk and one of those risks is being assigned the stock you "bet" against.  There are are two main strategies that everything else builds off of.  The first is just taking the stock; I took this route with my Under Amour trade.  The second is known as rolling. What Does it Mean to Sell a Naked Put? Discussing an option "out" of a unprofitable trade means nothing if you don't understand the underlying trade itself.  [...]

By |2016-12-21T10:19:45-04:00December 21st, 2016|Options|1 Comment

What Makes Someone an Entrepreneur?

I have this buddy who is deep into the Multi-Level Marketing (MLM) World who posts all the time about being an entrepreneur, and it has me wondering what actually makes someone an entrepreneur? The dictionary definition of entrepreneur is absolutely zero help in actually answering the question: one who organizes, manages, and assumes the risks of a business or enterprise The pure dictionary definition really just raises more more questions than answers. Is anyone who is commission based an entrepreneur? Is it anyone that that is self employed? What if the business is just a side hustle? Are professionals (CPAs, Attorneys, Doctors, [...]

By |2016-12-15T15:45:31-04:00December 16th, 2016|Business|2 Comments

What is Time Decay and Why Do I Love It?

I know I have been writing about options a lot lately, but currently that is the shiny object that has all my attention when it comes to investing and creating wealth. When I sell a naked put I collect a premium to take the risk that someone can put to me 100 shares of a particular stock if it goes below the predefined strike price by a certain expiration.  Time decay (also known as Theta) is an option seller's friend, and let's take a look why. Breaking Down a Put Sale Example I always find an example is the best way to explain options Stock is worth [...]

By |2016-12-08T15:09:07-04:00December 9th, 2016|Options|2 Comments