Archive for September, 2006
Saturday, September 16th, 2006
Energy Expense Shock!
Thanks for visiting. This Blog and is intended for individuals with Net Annual Income of $105,000 or more.
Get Rich Slow + Get Rich Quick = Get Rich Slick. If you’re new here, you may want to subscribe to my RSS feed. I received my gas and electric bill for August a few days ago. […]
No Comments » - Posted in Money Management by RichSlick
Friday, September 15th, 2006
Favorite Investment Vehicles for Covered Calls
My current preferred method of investing in equities is to use Exchange Traded Funds (ETFs) and extract call premiums from them. This is a conservative way of investing in a basket of equities similar to mutual funds but with the added benefit of squeezing out extra cash through covered call selling.
My strategy has been […]
2 Comments » - Posted in Easy money, MMO by RichSlick
Thursday, September 14th, 2006
Stop asking for money!
An interesting thing happened to me a couple of days ago. As I drove through a parking lot, a man flagged me down by waving his arms. I rolled down the window as I approached and asked him if he needed help. I assumed he was lost and needed directions. He […]
2 Comments » - Posted in Rants by RichSlick
Wednesday, September 13th, 2006
Cascading Expense Lifestyles - The Home
Everyone needs a place to live and there are two common choices: Rent or Buy. In my lifetime I’ve done both and each have their unique advantages and disadvantages. Today, I’m writing about the ultimate cascading expense: Purchasing a Home.
You’ve searched all the neighborhoods, checked out the schools, looked at the comps, estimated […]
1 Comment » - Posted in Cascading Expenses by RichSlick
Tuesday, September 12th, 2006
Proper use of holding accounts
A friend of mine recently went on an overseas trip and asked me for some advice on the best method of being “safe” with his money. I told him about my use of holding accounts and how they can work to keep you “safe” with your money. I thought I’d pass the info […]
No Comments » - Posted in Financial Safety, Money Management by RichSlick
Friday, September 8th, 2006
Interest Only ARMs - Not all Bad
I’ve been reading numerous gloom and doom blogs lately regarding the housing market and ARM loans that are about to wreak havoc on the economy so I decided to write about my experience with an IO ARM and the beneficial effects it has had for us.
First a bit of background, we purchased our first home […]
3 Comments » - Posted in MMO, Money Management by RichSlick
Wednesday, September 6th, 2006
Creative Cash Flow
I took a vacation over the Labor Day Holiday and while relaxing at the beach, I began thinking about financial planning for the upcoming calendar year. Each year, I contribute the max to my Roth IRA but unfortunately I usually wait till the end of the year (usually April) before I fund the account. So […]
No Comments » - Posted in Easy money, Money Trades by RichSlick
Friday, September 1st, 2006
Cascading Expense Lifestyles - The Camera (Film & Digital)
I’ve been an avid amateur photographer for a long time. I started out with cheap 35mm point and shoot cameras and over the years, I’ve traded up. My first “real” camera was a Canon 35mm SLR. I think I spent about $300 for the camera and thought that that would account for the majority of […]