What Are You Doing With Your Tax Refund?

[Hahahaha]

I hope to set it aside as emergency funds in case I decide to switch jobs.

 

[mson]

• 70% joint savings
• 10% daughter's college fund
• 10% wife
• 10% me (will pay forward car note by a month, and invest the rest via Robinhood)

Expecting between $5,500 - $7,000

Does your wife work?

 

[levitate]

Does your wife work?

Yep.

 

[mson]

Yep.

Is she breaking you off her tax returns?

 

[levitate]

Is she breaking you off her tax returns?

We file jointly.

It reduces your taxes vs filing individually.

 

[El negrito de tejas]

use some of it to start selling options

 

[无名的]

use some of it to start selling options

You better explain yourself because selling uncovered options is a terrible idea

 

[El negrito de tejas]

You better explain yourself because selling uncovered options is a terrible idea

gotta finish reading this book first before I start doing anything man

 

[无名的]

gotta finish reading this book first before I start doing anything man

Your broker probably wouldn't let you anyways, but I would highly advise against selling an uncovered option. You could lose everything you have. I'd only be looking at things like covered calls and vertical spreads.

 

[El negrito de tejas]

Your broker probably wouldn't let you anyways, but I would highly advise against selling an uncovered option. You could lose everything you have. I'd only be looking at things like covered calls and vertical spreads.

And this is exactly why Im not jumping into anything until I finish reading this book cause I have no idea what any of that means

 

[ViShawn]

Considering I'm only getting about $300 for my tax return because I jumped to a higher tax bracket I'm doing jack shyt with mine.

 

[Apollo Creed]

You need some write offs

School us breh