My grandpa taught me a thing or two about money.
One lesson he used to repeat was that if you want to be rich don’t expect to win the lottery instead work.
Another lesson was that the dollar in your pocket is your best friend.
And yet another lesson was that you can have a house full of money but if all you do is withdraw money from it without replenishing what you took out eventually your money will run out.
These lessons and more have stuck with me years after his passing.
I have been working, adding to my savings and fostering a healthy relationship with my money.
Part of that relationship has been buying and selling cryptocurrencies.
Another thing I have been doing is buying the ETF: SCHD for the dividend payments it yields and trading options against my position for extra passive income.
Also I’ve been saving money in my high yield savings account.
I have also been making a go at affiliate marketing but that has been the toughest part of making extra income for me.
Another thing I have been doing is investing in tax liens through out the state of Arizona for a 16% yield of which if I don’t get paid back I will be able to foreclose on the properties I paid the taxes for and resell them.
Hopefully I will also be buying my first home soon.
Not to rent but as a primary residence, but that is a maybe because I have mixed feelings about moving away from my family, namely my nieces and nephew.
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