Retirement accounts are generally lauded for being tax friendly. But what if you’re a high income earner? 🤔 Can contributing to a tax advantaged retirement account hurt you instead of help you? Yes. I’ll demonstrate how in today’s post. A lot of readers here make over $100,000 a year. So let’s approach retirement planning from a taxation and… Read More »
You have to pay, one way or another When you understand that inflation is by design you’ll realize that the whole system is a shell game. And the only way to survive the game is to adequately prepare for the day when it ends. Two ways for you to be taxed When you earn $60,000 a year… Read More »
We’ve been here before One year ago no analyst could have predicted oil would surpass $120 a barrel. Yet here we are. No one saw oil futures going into negative territory in 2020, yet that happened as well. In 1979 there was even a call for the end of the stock market, lol. I guess that magazine… Read More »
February options trading update I earned $7,403.73 in net premiums after commission this month. Most of this was thanks to the higher than average volatility in the stock market. 🙂 Higher implied volatility increases option premiums, translating into more income for option sellers like myself. Video breakdown of trades I produced a video explaining my individual… Read More »
What I’m watching right now Have a look at this chart. It’s the latest data from CREA showing that homes across Canada have increased in price by 28% year over year. 😮 Sweet baby cheez-its! That’s very surprising for home owners, and scary for renters. Even if a renter doesn’t plan to buy a home any time soon,… Read More »
5 Side Income Streams to Consider Most people rely on a single income source, their 9 to 5 job. If that income suddenly disappears one day they have to scramble to find another one. Creating multiple income streams help diversify one’s earning power to better withstand uncertainty. 🙂 In my most recent video I discuss 5 practical side… Read More »