RoD with your financial smarts you are way ahead of 95% of the US population. A little longer in the wealth building phase and you and your family will be set for life. Proud of you man!
This is exactly what I have been wanting to do. I made 6.7K last month and spent 6K. Just have to figure out taxes 😮. I love Charles Schwab 😮 However, I hear you on Fidelity. Flew to the states this year to open one. Fidelity folks treated me like garbage when I went in, that is why all my money is in CS.
There is 1000 cable channels on my TV and nothing worth watching and I am paying for that .. I enjoy your chit chat and entertainment more than anything else on tv , thanks 😊
First off great channel bro, my commute was long ass hell down to Salem nuclear power plant in Nj! Working on a food truck for a party , bought a call on Amd expiring Friday on my way down. Options lateral to my covered call ETFs and securities is the way for me right now
Very good episode with lots of food for thought! I like your mindset and it helps me, at 49, to also think to live for today. I have to learn to trade options your way, new to your discord and I’ll try to learn more during coming holidays
Retired 15 months ago at 55 1/2 years old thanks to the IRS rule of 55. No penalty. Transfering that money into a taxable brokerage account to live off distributions instead of just spend down my 401k account.
Thanks, ROD. I felt like you were reading my mind. My taxable account is essentially our savings account that makes thousands of dollars a month. I am all about Yieldmax and leveraged stocks. Gotta ride this upward wave while it's here.
Im working on having a mortgage payment account now. By June I’ll have enough to pay half of my mortgage. The money I don’t pay towards the mortgage will be invested in the same account until I can easily pay the entire mortgage payment. Next year will be more for home improvements.
Great goals. When I retired at 40. 3 years ago. I tackled the same thoughts. And I stopped contributing to those retirement accounts 10 years ago. And used my money my way. Good luck stay the course
I use fidelity for options, it’s definitely not the best but it’s fine once you get a hang of it. Especially since knowing they are better in many other areas.
thanks for the video and info, well said, i was in growth funs but i have sold out and i am investing in income/dividend fund so that i get the money now
Dude, thx for the idea of the dividend car fund, we are trying that action....we are still picking a car, but we are putting money away into the fund....
You know Schwab checking account is free and you can instantly transfer money between brokerage and checking. I love Schwab checking and it has bill pay and Zelle. Plus now Schwab has given me .40 on each option contract.
I got a late start in life investing “50”. I regret that but it is what it is now and at 53 I’m able to save about 45k a year for retirement. 8k of that is in YMAX in a tax free Roth set to DRiP. Hoping that is my Ace in the hole! Was doing good buying bitcoin in 2017 but I swapped it for a promising shit coin and that dumbass move cost be 175,000$$
Why not peel the taxes off of the distributions and throw into a HY savings account? My thought is you keep you payday dollars and make some interest off of your tax money
property bill ? We do not have those in my country. F goverment they are taking our money. My country wants to introduce property tax so i guess its similiar.
I love your wisdoms from this video! It makes so much sense!
RoD with your financial smarts you are way ahead of 95% of the US population. A little longer in the wealth building phase and you and your family will be set for life. Proud of you man!
Thank you Steel
This is exactly what I have been wanting to do. I made 6.7K last month and spent 6K. Just have to figure out taxes 😮. I love Charles Schwab 😮 However, I hear you on Fidelity. Flew to the states this year to open one. Fidelity folks treated me like garbage when I went in, that is why all my money is in CS.
There is 1000 cable channels on my TV and nothing worth watching and I am paying for that .. I enjoy your chit chat and entertainment more than anything else on tv , thanks 😊
First off great channel bro, my commute was long ass hell down to Salem nuclear power plant in Nj! Working on a food truck for a party , bought a call on Amd expiring Friday on my way down. Options lateral to my covered call ETFs and securities is the way for me right now
Amen Brother!!! I’m 59 with a daughter about to go 12 years college! I need it now…
Very good episode with lots of food for thought! I like your mindset and it helps me, at 49, to also think to live for today. I have to learn to trade options your way, new to your discord and I’ll try to learn more during coming holidays
Love this commute series - real deal!
Love Fidelity! Suits our needs perfectly.
Retired 15 months ago at 55 1/2 years old thanks to the IRS rule of 55. No penalty. Transfering that money into a taxable brokerage account to live off distributions instead of just spend down my 401k account.
Thanks, ROD. I felt like you were reading my mind. My taxable account is essentially our savings account that makes thousands of dollars a month. I am all about Yieldmax and leveraged stocks. Gotta ride this upward wave while it's here.
Im working on having a mortgage payment account now. By June I’ll have enough to pay half of my mortgage. The money I don’t pay towards the mortgage will be invested in the same account until I can easily pay the entire mortgage payment. Next year will be more for home improvements.
Great goals. When I retired at 40. 3 years ago. I tackled the same thoughts. And I stopped contributing to those retirement accounts 10 years ago. And used my money my way. Good luck stay the course
Yes! 🚀 preach! Great video RoD.
Thanks for sharing! Im doing the same goal!
I use fidelity for options, it’s definitely not the best but it’s fine once you get a hang of it. Especially since knowing they are better in many other areas.
RoD, I’m listening to you in traffic while you’re driving in traffic 😂
Haha drive safe
That’s awesome having all the bills paid. I can’t wait to get there. Thanks for the yip yapping 🤣 good stuff
waiting for your commute video
@ I have been thinking about an LA jibber jabber truck talk video. But not sure what I would talk about. Life I guess
Exactly
Talk about appliance repair horror stories
Talk about appliance repair horror stories
Hells yeah, spill the truth ROD.
Great video RoD I have Fidelity and been trading options for 3 years now and I love the platform no issues at all
Keep the videos coming!
Preach!! I completely agree live in the now. I need $$ today. I only invest in 401k that company matches.
More commutes please!
thanks for the video and info, well said, i was in growth funs but i have sold out and i am investing in income/dividend fund so that i get the money now
RoD, please forgive me for trolling the spammers. Appreciate your car talks!
always bring an empty bottle of Gatoraid for the road just in case!!!
I agree with Fidelity! Haven’t played with their Margin yet but everything else is top! Wish I could transfer Crypto to them though.
Dude, thx for the idea of the dividend car fund, we are trying that action....we are still picking a car, but we are putting money away into the fund....
You know Schwab checking account is free and you can instantly transfer money between brokerage and checking.
I love Schwab checking and it has bill pay and Zelle.
Plus now Schwab has given me .40 on each option contract.
What is the consensus on using Robinhood vs fidelity?? I’ve only used Robinhood for trading.
Fidelity > Robinhood
@ that was simple
Thanks for the video. Do you use an escroll account? What +/- is using it?
no
Spitting facts - live in the NOW
Keep up the good work and pay those bills. Lol
Property taxes $1900 every quarter??? I’d move! Hell no!!!
Hi ROD
Where did you learn about option trading from?
trial and error
Hell yeah
Where do you live? You sound like New Jersey.
Yes
I got a late start in life investing “50”. I regret that but it is what it is now and at 53 I’m able to save about 45k a year for retirement. 8k of that is in YMAX in a tax free Roth set to DRiP. Hoping that is my Ace in the hole! Was doing good buying bitcoin in 2017 but I swapped it for a promising shit coin and that dumbass move cost be 175,000$$
Why not peel the taxes off of the distributions and throw into a HY savings account? My thought is you keep you payday dollars and make some interest off of your tax money
high savings account pay what 5 percent a year? :D you can get that in a day at the stock market if u are lucky.
Wouldn't it be funny if you just use your W2 job to withhold taxes for your dividends so you don't have to do math on your yieldmax etc 😂
I'm old. Do TH-camrs get paid!
lol some of they meet the minimum requirements
property bill ? We do not have those in my country. F goverment they are taking our money. My country wants to introduce property tax so i guess its similiar.
Ugh yeah we pay it for the schools and town services
Once they start taxing property you no longer own it. Don't pay and it won't be long to you anymore.