do you have trust in the Trump entity and do you have faith in his Power to teach Love to the world?

I've got ~70% to pay down on a new mortgage which is like $500/mo at ~110k principal with COVID rate.
Cleared my student loan debts in 2017, but am now helping my wife with hers which is ~$50k.
Cleared my auto debt in 2017.

Since COVID, I took a salary reduction for 4 weeks while working on a skeleton crew since the rest of corporate was furloughed. Got some letter about 'sharing the burden' with the executive ranks. Funny when I checked market insider, they all making away nicely on their trades, then Q2 and Q3 were record profits, but those don't get shared like a burden does. Should be getting a bigger bonus kick back this year though.

Meanwhile, my wife who works at a higher end restaurant got laid off, and the place is still closed until next year. Owner is set back at least a decade financially although he pivoting to food truck and 'mis en place'. Also, she is pregnant which has made navigating for a new job a bit weird. Because of all this, she has just been milking those gov benefits. She almost gets back what I pay in taxes, so we still net negative from Big Brother.

I had 'significant' debt before 2017. The biggest savings to my cost equation has not been finding the next job with +10% income, but finding the next place with -20% cost of living while keeping income the same. The other big thing that bailed me out was the equity increase on a house I owned for a couple years and sold in 2017. I mortgaged the house, lived in it for the minimum requirement, then rented it out while I built a THOW which I lived in until this July 2020. Was paying $400/mo living on a beautiful 20acre homestead.

Unfortunately, I doubt there will be much sympathy from debt holding institutions for those getting the shorter end of stick because of COVID, our government lockdowns, etc. Better to make some moves now, strike up the hard conversations with those you owe, consider moving or rooming to reduce cost of living.

This post was edited by RedFromWinter on Dec 12 2020 06:04am

I have no debt. Our student loans work more as a tax on income over a certain amount

Write down the date category of expense and details on what the actual expense is

Sum by category on the side to see your breakdown of utilities, fast food, fine dining, retail, medical, vacational, fuel, insurance, misc expenses

Plot it on a chart with every month as a data point

Instructions unclear. All money now in AAPL calls at 130 expiring on Friday

doing nothing is actually pretty hard tbh

no but srs, why risk going 50/50 risk all on brack
when u can 100% win with stocks?! Especially when the ezpz stocks were gonna rise after the huge drop earlier in the year?

Coincidentally i did sell covered calls on aapl at 129 expiring on friday

Getting my feet wet with options

That's called a faggots delight because its gonna ram you in the ass more often than not.

Oh sold. Nvm your gonna make sweet premium from those idiots on wallstreetbets

As I add more money tbe option to sell calls and puts on things opens up and it becomes easier to make money. A lot easier lol

This post was edited by Thor123422 on Dec 12 2020 08:41am

what about rocks
rocks seem pretty hard

tell me how it works please
not sarcasm at all
i've contributed a lot and never asked for a single thing. i'm asking for this.
tell me how it works how you decide how the cash goes in and our the whole shabbang essentially
plz n tyvm