Around Christmas of 2020, I decided to start my own personal finance blog Finance Throttle. My objective with this blog was to help people accelerate their net worth and learn more about personal finance along the way. Within a week, I created the blog and website through a Bluehost referral link and published the site on December 31st, 2020 for a January 1st, 2021 reveal. I started off publishing a new blog post EVERY DAY. This wasn’t easy since I had a full…
I recently noticed that my neighbor Dan was wearing a hoodie with the words Crypto Capital Ventures spread across in large letters. I asked, "Are you into Crypto?" He then proceeded to tell me that he is a YouTuber with a 200k+ subscriber crypto channel. His channel is growing rather quickly. I noticed he gained 10,000 subscribers in the week I started watching his videos. Dan posts daily uploads on Bitcoin (BTC) and Cardano (ADA). He is extremely bullish on…
It has been about 3 months since I posted "How I make over $2500 per year mining Bitcoin". Mining Bitcoin is another way of saying that you are lending your computer's processing power to verify transactions on the blockchain. Every purchase, sale, or transfer of Bitcoin and many other crypto currencies need to be verified by the blockchain. At the time I posted this, I was making about $50 per week mining with my AMD 3060 gaming desktop. I like…
The SEP IRA is an individual retirement account for the self-employed. If you own a small business or have a side job earning passive income, you can qualify for a SEP IRA. You may think that SEP stands for self-employed, but it actually stands for Simplified Employee Pension. As an alternative to 401k's, SEP IRA's give small business owners the ability to contribute money for their employees. A SEP IRA can be ideal for a small business with 10 employees…
As a 24 year old landlord with limited resources, I didn't take the time to do background check aside from the interview questions. For a small 8' x 9' bedroom, I was lucky to get anyone willing to pay $300 per month with a $300 deposit. With all three bedrooms rented out, I made $1250 per month while paying a $650 per month mortgage. I was house hacking, which is another way of saying that I was a live-in landlord.…
A friend of mine (get it?) has been mining Bitcoin since 2013. To date, he has earned 1 complete Bitcoin, meaning he owns about $56,000 in Bitcoin at the time of this post. When I visited his home, I found a computer mining Bitcoin in almost every room of the house. In total, he had 8 or 9 computers mining Bitcoin, including an ASIC unit specifically designed for mining. He couldn't install more because the power requirements needed to mine…
I know I need to address what happened with Robinhood and GameStop last week. I do not agree with the way Robinhood handled things. On the flip side, I understand why Robinhood, Webull, TD Ameritrade, and other brokerages froze the ability to buy GameStop and other stocks involved in the subreddit Wallstreetbets strategy. If you don't know what I am talking about, click here to read my post explaining what happened. With that out of the way, this blog post…
Cryptocurrency is an unregulated and decentralized digital currency that can be used to buy goods and services. Bitcoin, the most popular crypto, has been around since 2018 and has just hit a price of $30,000 for the first time. In fact, the value increased by $5000 in the first few days of 2021. There are many people who think Bitcoin and cryptocurrency is a scam while others invest all of their money in Bitcoin. The truth is you can buy…
Real estate investing is one of the most popular ways to invest your money. Your tenants can give you equity in your property, increase your net worth, pay off your debt, and give you passive income. I saved as much as I can with my first job after college. Half of my income went straight into student loans while the other half went towards savings. My parents provided me with food and shelter. By the time I was 24, I…
I recently stumbled on the concept of making money with bank bonuses. Many different banks offer you referral bonuses or sign-on bonuses when you setup a recurring deposit or deposit a certain amount of cash. This is their way of attracting new customers. These bonuses range from $50 to as high as $1000 with most of them being offered at $250 or less. It turns out some finance-savvy people spend the time to investigate bank bonuses throughout the United States,…
