Saturday, July 21, 2018

Taking the time to Budget

I've talked about this a few times the past month, but I have a much better sense of where my money is going by having a budget. I've been keeping track of every transaction on excel, and I know where every penny has gone in the month of July so far. 

It takes a while, but I made myself sit down and get caught up today on my budget. It's nice to know where I stand with 10 days left in this month. The other great part is that I'll know exactly how much I have left over at the end of July. This leftover money can be put towards an extra payment on student loans, buying a fun item, or putting it in my Robinhood account. 

I also know where I need to cut back on spending next month. I definitely need to stay away from Best Buy and not buy any new gadgets for a month. 

If you need help setting up a budget, feel free to comment below!

Thanks for reading,

Signed,

Mitch

Friday, July 20, 2018

Investing Update 7/20/2018

Today my Robinhood Portfolio ended the week at a value of $5,336.77. The increase in value came from a Microsoft call option I have, a Visa call option, along with increases from Amazon and Google stock. My call options don't expire for a while yet, so I will keep holding those. Once I sell those call options, I will be going back to buying dividend stocks. 

Not a long update, but sometimes less is more. I did see people posting online that Robinhood sent them a survey, and the survey was asking them if they would utilize Robinhood as a bank that paid pretty good interest (Compared to most banks). Seeing this made me excited for the future of Robinhood. I'm glad they're not sitting stagnant and continue to innovate. 

Thanks for reading.

Signed,

Mitch

Thursday, July 19, 2018

Health Insurance

Today I am super thankful for having health insurance. I have a good job right now with good health benefits. I received the bill for a recent surgery I had, and insurance is covering a huge amount of the cost. If I had to pay for the entire cost of the surgery, I wouldn't be able to invest for retirement for a loooooong time.


I realize I've spent a lot of the time on my blog looking towards the future and reaching this point of "happiness" and "contentment". I need to be "happy" and "content" that I have health insurance. A lot of people in this country don't have health insurance. A lot of people were hopeful of getting it, and politicians on both sides got in the way of that.

The wage/salary of a job is important, but the benefits are super important too. I realize a lot of people aren't even able to have wages above minimum wage, and don't even get to consider the options of employee benefits.

I wanted to take the time to be appreciative, because in general, I still feel like I'm waiting to reach a point where I'll be content, but I need to realize that time is now.

Signed,

Mitch

Wednesday, July 18, 2018

iMac Storage

I've been working on reducing and sorting through my computer storage and external hard drives. My iMac has a storage size of 999.35 GB (1 Terabyte Hard Drive). Here's the current breakdown for storage on the iMac:

  • Documents - 645.47 GB
  • iCloud Drive - 202.35 GB
  • iTunes - 0.9931 GB
  • Music Creation - 2.28 GB
  • Photos - 18.37 GB
  • Trash - 98.59 GB
  • Available - 124.5 GB. 
Does Apple correctly add up storages sizes? Let's see. All of that added together is 1091.66 GB. Maybe some of the iCloud Drive files aren't directly saved on my hard drive. 

When I break down the 645.47 GB of Documents portion of my hard drive, here is what's on it - 
  • Dropbox - 356.39 GB 
  • Movies - 281.52 GB
  • Pictures - 63.59 GB
  • Music - 2.12 GB
  • Google Drive - 1.57 GB
  • Downloads - 1.57 GB
Total - 706.76 GB, so again, some of it must be saved on iCloud. 

The big culprits here are Dropbox and Movies. My plan is to not sync big files to my iMac anymore, and to transfer movies I've made to an external hard drive. 

Hopefully this makes my iMac run faster. I got my iMac in early 2015, and I should be able to use it regularly for another 3 years. 

Signed,

Mitch




Tuesday, July 17, 2018

Keeping my Google Pixel 2 Running Fast

I've had my Google Pixel 2 for about four months now, and it's still running very fast. My battery is also lasting all day. I would credit this to NOT having certain apps installed on my phone.


  • I do NOT have the Facebook app on my phone. The Facebook app is a storage hog, and when I did install it on my Pixel 2, my phone slowed down immediately. 
  • I do not have instagram installed on my phone. I never installed it on my Pixel 2, but I figured it would slow me down like Facebook.
  • I do not have Clash of Clans installed. I would attribute this to why my battery life is staying so good :) 

I'm hoping my phone can maintain this high level of performance for another eight months. I also don't use any apps that say they can improve the performance of your phone. 

Signed,

Mitch

Monday, July 16, 2018

Dogecoin

I bought another cryptocurrency today - Dogecoin. I bought Dogecoin on Robinhood today. For cryptocurrencies on Robinhood, there is a chat feature available. The chat on Dogecoin today has been pretty funny, and (almost) worth the $10 I invested. I should probably learn more about crypto before I keep buying more, but again, I couldn't miss out on buying Dogecoin.

As of right now, I'm up $0.46 on my $10 purchase, which would be a 4.6% gain. I put $10 down on Dogecoin because if I lose $10, it's not a huge loss. (I don't drink alcohol, so I would consider this the same amount of money as "going out for a cold one with the boys"). Would I put $100 on cryptocurrency? Maybe Bitcoin, because it's reputable, and there's actually a limit to how much Bitcoin there can be in the world, therefore giving it some sense of value.

If I lose all of my money on cryptocurrency, OK. It's been fun to make trades after 4:00 P.M. It's been fun to make multiple trades a day. It's been fun to be a part of something "new" (new to Robinhood). I'll obviously keep my regular stocks going, but crypto so far has been fun.

Do you have Dogecoin?

Signed,

Mitch

Sunday, July 15, 2018

Amazon Prime Day

Tomorrow, July 16th, 2018, is Amazon Prime Day. I most likely will not be participating because I cancelled my Amazon Prime membership. I also don't need to buy things that I don't necessarily need, but am tempted to buy it because of the sale.

I don't think it's bad to buy things on Amazon Prime Day, but it could result in more clutter in your home, and things you won't use for the long-term. From an investor's standpoint, I should promote participating Amazon Prime Day. From a minimalism perspective, I'm not promoting it.

If I wasn't so invested in my Google ecosystem, I would take a closer look at the Amazon ecosystem. When I was cancelling my account, I did take a closer look at all of the benefits of Amazon prime. A lot of the benefits were good, just duplicates of what I already have with Google.

Are you planning on buying anything good tomorrow?

Signed,

Mitch