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Showing posts from January, 2024

Richest Man

  R Richest Man in Babylon My #1 Book Recommendation If you have known me for some time and you ask about finances or what has helped me in the past to get better and my finances, then nine times out of ten I recommended reading The Richest Man in Babylon  by George S. Clason. The reason for that is this book helped me get out of one of the moments in my life when I was broke broke and as John Legend said "Had to go to my moms house to make a phone call." Also the format of the book is in story form which helps teens and adults remember the concepts better.  Here is a short summary of the principles in the book and I pray you find yourself at a 2nd hand bookstore or Amazon purchasing this book for you and your family.  Set in ancient Babylon, it presents timeless principles of wealth accumulation through a series of engaging parables and stories. The book revolves around the character of Arkad, the richest man in Babylon, who shares his wisdom and financial acumen with a grou

Take LEAPS in Options Trading

Have you ever wondered how large hedge funds and investors leverage their investment portfolio? Well let me introduce you to LEAPS options... Here is an overview of a recent article on how they work, the benefits and drawbacks. https://www.wallstreetoasis.com/resources/skills/trading-investing/leaps This article provides a comprehensive overview of LEAPS options, including their types, advantages, disadvantages, and strategies. It also compares LEAPS options with other types of options and investments. LEAPS options are a type of long-dated option contracts that offer a lot of flexibility and leverage for investors. They can also be used for different types of strategies and goals. If you're looking for a way to diversify your portfolio and gain exposure to various stocks and indices, LEAPS options might be the answer. They are long-term option contracts that have many benefits and drawbacks.  LEAPS options are not your ordinary option contracts. They have longer expiration dates a