MYMWFY

How should we manage our money?  Do we have a plan?  As we leave school and enter the workforce, we accumulate a little more wealth and are buffeted with all sorts of financial decisions.  Have a plan!  I sure wish I did when I was younger! Typically, new white collar workers out of college join a company and are asked all sorts of questions related to how to invest their money beyond just getting a pay check deposited into their checking account.  These questions are related to retirement as well as health care.  As we get older and have children, we have to consider saving for their college tuitions.  What to do? In [2], Tae Kim recommends the following order of money allocation 1.  Emergency fund - This is a no-brainer.  First create a budget (I never did, but wish I did) and then figure out how much you need to live for 3 to 6 months.  This is how long it may take you to find a new job or adapt your expenses in the event of a sudden...

Here is a collection of links to resources that I find useful.  Please feel free to suggest more to look in the comments. Option Scanning: How to Find Puts with the Highest Premium, The Hourglass Trader, 2021 [ YouTube ] - This video introduces how to create basic options scanners for selling put options. Think Or Swim Desktop - The Think Or Swim Desktop has many more features than the web site.  It is used by the option scanning video above. Optimal Order For Investing Your Money, Tae Kim - Financial Tortoise [ YouTube ] - If you have leftover cash, how can you use it?  Tae Kim talks about how to prioritize investments, like 401Ks, 529s, HSAs, etc.  This is just his opinion, but I like how he lays out very common options. Option Wheel Trading The HT Option Wheel Part One, The Hourglass Trader, 2021 [ YouTube ] - Example of how to profit when a cash covered put's underlying drops 15%. This is a four-part series where HT goes over its HT Wheel strategy using a pessim...