It's Going to be Ok

The stock markets are rumbling again. Just when we feel like we can shrug off some of this covid chaos.....we feel the threat of financial bullying. The governments that were so quick to send us money when the pandemic rose to power.....are now forcing the populace to its knees ....to fight the creep of inflation.

First things first friends. Don't panic. Panic prevents u from seeing the good in the day. Panic prevents u from seizing opportunity.

So my advice is this: 

Don't panic. Most of us are in the same situation. We will get through whatever life throws at us.....together.

That's my humble pie for today......

Peace,

Carla.

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Writing Terribly and Often

Some of you are writers....in the midst of trying to monetize your writings.

I must admit I have listened to an awful lot of motivational speakers and professional writers who have taken the time to share their best tips for how to grow your audience and marketability.

One of the most common tips I hear from globally famous authors is quite surprising.

It is simply their advice to ¨Write Terribly and Often¨

Why on earth would a famous author suggest we simply just turn out more volumes of words and focus less on perfection?

Well, it turns out that experience shows that it is not always the ¨best ¨ writers who make the most money from their writing.....It is more likely that the folks who simply WRITE the MOST OFTEN wind up making a space for themselves in creative writing.

This makes every literature teacher wince, because it simply goes against all the classical writing theories.

Literary professors tend to promote whatever form of literature that they are teaching. They don´t often promote the practices that produce the best selling or wealthiest authors.

Sometimes it comes down to this.... Do you want to be a perfect writer who can´t pay the bills....or do you want to become a mediocre writer who can build up a high net worth that can support their whole family and leave a healthy inheritance for the next generation?

Sometimes, itś about just getting up..... having a cup of coffee and churning out some more words.....not perfect words....and definitely not very pretty words....but words on paper....or on screen....by the hundreds.

Don´t count the words.....just keep going. You will know when you are done. Same way a  musician knows when the song is complete and time to exit stage left....you will simply know when you are done.

Friends , I wish you success in your creativity.....even if you feel alone and feel your work is not up to par. 

Don´t give up on your creative genius.

Peace.

Carla

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Flashfood App bragging rights !

Hi Friends....what´s the fun of saving money on groceries if you can´t brag about it once in a while?

Yes, I know....I´ve blogged about the FLASHFOOD app before....but i feel like so many people just don´t realize how much it can help them....especially if they have a large household to feed.

So, on the left is a screen shot of this week´s tiny shopping savings. Not a huge amount of items, but the prices were right on the money!

The bottle of 100% pure Sunflower oil was no where near expiry and the  bottle was almost a ful liter....measuring at 946 ml. Being able to pay $2.23 cdn for a full bottle of sunflower oil is a great bargain! Yay!

It´s always good to buy enough pasta to stock up once in a while....and so, to get my hands on a box of pasta (454 grams ) of high quality pasta for only 84 cdn cents per box....was definitely a win win.

So, I bought 3. 

Years ago, it used to be quite common to be able to buy groceries priced at under $1 cdn. But not anymore.....it is harder to find things under a dollar and so when you see something like a staple such as spaghetti noodles, it is a ¨no brainer¨ to decide to go ahead and buy some at only 84 cents a box.

What is the greatest deal you have discovered lately? Do tell!!

Well friends, if you have access to a smart phone or any device upon which you can download the FLASHFOOD app....I highly encourage you to do so. It will save you money on feeding your family and it allows the grocery stores that participate in the FLASHFOOD program to save a lot of  items from going into the landfill.

Thanks FLASHFOOD!

Have a great weekend all!

Peace,

Carla

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CANADIAN residents Only---High Value Coupons from Chapmans

https://www.chapmans.ca/coupon/chapmans-annual-coupon-2022/

Above is the current link for chapmans Icecream coupons.....available for Canadian Residents only.

I know that some of my readers are frugal folks and appreciate a reminder now and then of opportunities to get things for free or lower cost. 

Therefore, I thought I´d refresh your memory....yes Chapmans is still giving away high value coupons.  Give it a whirl if you are a Canadian resident.

Best wishes to you and yours as you provide for yourself and your household.

Peace,

Carla

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Why You...Yes YOU! Should upload some Youtube Videos

Friends, have you spent quite a bit more time that you´ll admit....watching youtube videos during the pandemic?

Have you noticed something? 

Now, be honest.....let´s be honest here.

What is the quality of the videos that you currently watch  on Youtube?

Be brutally honest here.

Ok, I am going to start. Most of the videos I have watched on Youtube over the past 2 years of pandemic madness........have been really terrible......like so terrible, you want to go to the time bank and get a refund on all that time you spent watching those videos.

So, am I such a snob that I need to criticize youtube creators that are actually making something creative on youtube? No, not really. I am saying that the quality is pretty bad.......for one reason only.

That reason, is that I want you to admit to yourself, that you could probably make something just as good, if not better than most of the crap that is currently on youtube! Yes, there is room for all of us, who have any kind of creative bug. 

You don´t need any kind of fancy equipment just to get started. A simple smart phone will do the job.

IF you discover that you enjoy making videos, you can always upgrade yourself to be using better equipment, and invest in a fancy camera or editing software. Heck, if you really want to go whole hog, you can hire someone to do the editing for you, so that your videos appear more professional and visually appealing. 

There I said it. There is room for you.....and there is room for me.....on youtube. Maybe you only want to make one tiny little video, to share with your world. That´s ok....you don´t have to do anything.....no one has to do anything. This is about helping more human beings realize their potential in today´s market place.

This is a great season for creatives in the earth today. There are so many platforms. So many ways we can monetize our creative outlets. 

So, this little blog post is just a wee suggestion, to my friends across the world, who needed to hear.....that yes, there is room for you too.....on youtube.

Take a chance. Make a video.

Be surprised, when people actually watch it.

Peace,

Carla

 

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Warren Buffett: Be Cheap to Get Rich?

I never tire of hearing rehashings of Warren Buffet´s habits that have created and maintained his wealth.

He is not only a master of personal discipline....he is also a master sales person. He uses his frugality to help compel more people to invest in his companies because everyone feels more comfortable investing their hard earned money with someone who values every nickel, than with someone who spends foolishly or carelessly.

Do you agree?

It was Playing Aloud in Public

I had the pleasure, this long Labour Day weekend  (yes in Canada we spell Labour with a u) to meander for a few brief minutes by the waters of Kempenfelt Bay. Although the beaches were busy, they were not insanely so....

Perhaps because of the new parking policy, which charges ¨ out-of-towners¨ a stiff $10.00 per hour for the luxury of parking close to the beach. Or perhaps it is simply because the weather is trending away from crazy hot...to pleasantly mild.

So, today I wanted to mention something I noticed as I walked the board walk in bare feet...swinging my fake berkenstocks in my left hand. I walked by a gent sitting peacefully on a large rock, backpack on his back, sunglasses and bball hat ...gazing into the waters of Kempenfelt Bay. Then I recognized a voice, a familiar male voice. Who could that be? I listened closer, and then realized that it was a narrator, either Alexander Scourby or Max Maclean, speaking in an audio bible version I recognized. What a pleasant surprise. I presumed it was the peaceful gent perched on the rock who was sharing the recording with the public, ..... but really it could have been anyone sitting on the sandy beachside knoll with an audio device or phone on playback mode. I had no interest in staring or disturbing the tranquil moment to bring attention to whomever was sharing the good book. I certainly wanted to say thank you in some way, to acknowledge the courage displayed to play aloud that holy book. However, sometimes.... it is better to just enjoy a special moment than to break the ambience with loud guffaws of gratitude.

You see, churches in Simcoe County, sometimes give the impression of having a line demarcated between what is their´s and what is the public´s. And yet here, on a gentle breeze, on a gentle day, on a gentle sandy beach..... the rich fabric of the Word of God blanketed us all. It wasn´t loud....it wasn´t soft......it was just there. God´s word......unashamed and unabashed....there for us to absorb.

Thank you....back pack guy, or whomever you are, for sharing a great gift. You may be forever anonymous....but your gift was truly appreciated.

from the curly haired lady with the fake birkenstocks.

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The Horror and Beauty of Goal Setting

Alas, I was transfixed....when i finally began to grasp the innate power of setting one´s own goals.

How powerful I felt, that I could write and craft a precious list of life goals, that I could hold tightly and recite aloud daily, and often.

It was liberating....it was the ultimate flex, to emancipate myself....from my own meandering. To harness my artistic soul and force it to form itself into something resembling direction and ambition....and dare, I say......a  career.

That was many years ago. Many goals later..... I proudly was able to assign a few large check marks and gloat at my accomplishments.

To be able to say....with some authority...¨I am going to do this, by this date....." and actually mean it and believe it was possible........was and still is an intoxicating drink.

But now, friends, I also must speak of the horrors of goal setting.

The biggest disappointment of writing down my life goals, was that it was simply not whimsical at all. I had always danced through life....both literally and figuratively......enjoying the surprises and emotional roller coaster that is the common experience of most Canadian women.

I liked not knowing what was coming around the bend. I liked not knowing who I was going to meet. I liked not knowing what I was going to earn. I liked not knowing what I was going to eat.

To then, do a sharp personal turn and declare that I would control my every move in life....in order to accomplish a list of written goals......was, on a certain level.....an unspeakable horror.

How would God surprise me.....if He wasn´t on  my list? How would I fit my family onto my rather lengthy list of personal goals? How would my children´s journeys fit into my own rather complex list of written goals?

Must I always be rewriting my list of goals when I uncover yet another delight in life, that I had not yet written down on paper? How do I include my husband and my friends on this battle weary list? Did they even want to be trapped into my favorite font?

Lord, I do not have the answers. When I think I have the answers.....I feel that the books I must write are many....too many to utter....too thick to describe.

Lord Jesus, how do I dance through life....if I must write every line upon a list? There are no brownie points for the big green check marks on my list. There is only the personal satisfaction....of a fait accompli.

And so now, having uttered these horrid truths...I must run and hide....for I fear I have betrayed....my best friend.....my list.

C,

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Extreme Cheapskates Flashfood Style

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How can a mom not like a food haul for less than 20$ ....loaded with veggies??

And so today, my fellow frugal bugles....Flashfood App won again.....allowing me to score the above listed food items for just under $20 🇨🇦.

I don't know if the Flashfood app is available worldwide...but the last time i checked it has grown by leaps and bounds across North America.

What do i like about my local Flashfood app ?

The food is kept safe and at appropriate temps.....either chilled or frozen or at room temp if shelf stable.

The Flashfood app is easy to use. 

You easily prepay your food order...so no need to even bring your wallet into the store.

You can make your food dollars stretch farther than ever.....all the while feeling grateful that the Flashfood app has diverted thousands ( probably millions) of pounds of food from being wasted. Talk about a win win!!!

If you are a true cheapskate or a gentle frugalista...you are going to love the Flashfood App.

Simply download the app to your Smartphone and it will allow you to explore which stores closest to your location have discounted foods currently available for purchase. Then simply prepay thru the app and collect your items instore during store hours! 

What's not to love?

Have a great frugal friday my cheapskate friends. saving money never tasted quite this good😁👍

This is Why You are NOT Making Money Selling Covered Calls

Selling covered calls is a simple and ¨not so simple"option trading concept which 

option traders often begin with. It attracts people because of the appearance of juicy option premiums and yet often befuddles those who mistakenly believe it is an effortless way to gather ¨free" money.

So, I have compiled a simple list of reasons which causes failure for those who 

try to earn regular income from the practice of selling covered calls.

1.  Taking profits before your position is closed. Option premiums may be hundreds of dollars falling into your account with the click of a few buttons. Resist the temptation to ¨count your chickens before they hatch¨ by waiting until your covered call position is closed or assigned before you consider the profit or loss to be realized. The Market is constantly changing. While this volatility is the best friend of an option trader, we must ALWAYS use patience and wait until positions are closed before we consider the gain/loss as REAL.
2.  Selling covered calls on an underlying asset that is about to go through a reverse split. Don´t sell covered calls on underlying equities that you do not fully understand. A surprise, merger, a negative earnings report, or a shocking news report can cause an unexpected loss in your covered call position. Do your due diligence and research the companies before you bet your hard earning money on a covered call position.
3.  Not choosing the most profitable strike price at which to sell the covered call at. Choosing strike prices is an art in my humble opinion. There are those who calculate complicated formulas to determine which strike price at which to sell a covered call at. However, I prefer the tried and true method of relying on many years of market experience.....reading tape...as they say.
4.  Choosing low quality underlying equities upon which to sell covered calls. Although, people can and do, sell covered calls on lower quality stock, it is inherently more risky to do so. Risk can lure in option traders with juicy high option premiums. But it can be very painful to your wallet to pour good quality money into a low quality equity position just for a very temporary boost in option premium. KNOW your underlying assets....and choose wisely.
5. Using margin debt to finance the selling of covered calls. The stock market can be volatile, and using debt to finance your covered call option trades can be tempting, and can sometimes be profitable. However, any usage of leverage (debt) must be done wisely and with the understanding of risk, reward and interest rates. Not all investors have the temperament to manage debt wisely. Those who have a ¨gambler´s mindset may not want to even entertain the idea of using debt to ¨play¨ options with.  Debt is a great tool in the hand of a master, but a deadly weapon in the hand of a fool.

Well, friends, that´s enough caution and warning for a beautiful Sunday afternoon. Be blessed in your investing and trading.

Peace,

Carla

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Unlimited Opportunities are All Around You

As I was driving along a road on the outskirts of town...the broad swaths of corn fields met with a golden blowing field of wheat. Heaven. These fields just seem to go on forever. I just want to run through them, 

with my pool shoes on, so no bugs will bite my toes. But alas, I restrained myself, so the farmers will not be angry with me.

Anyway, back to the purpose of this post. I posted this photo because the enormous fields and skies that seem to go on forever, remind me of one thing....UNLIMITED possibilities.

I have heard some pretty heart wrenching stories over my lifetime, of when folks were looking for a job and they just gave up. They stopped believing in themselves, in life, and in the opportunities all around them.

The more I reach out and see what is around me, on the internet and beyond, the more I see that there are UNLIMITED possibilities all around all of us. For those who make stuff.....content....or works of art, or songs, or wooden birdhouses, or financial plans.....I just want to help you understand that there are really unlimited platforms on which you can present WHATEVER it is that you make.

If you are a self publishes writer, I know of at least three free platforms upon which you can publish your own written manuscripts, at no cost, other than your time and creativity. The three that come to mind are

Kindle Direct Publishing, Smashwords and Draft 2 Digital. From what I understand, Smashwords is in the process of merging with Draft 2 Digital.

What are some other platforms that you can use to promote your artworks?

Kijiji, Craigslist, local art stores, local flea markets, yard sales, garage sales, estate sales, museums that feature local artists, as well as the galleries located in bigger cities.

What about local tv stations? Would they allow you to do a short segment explaining how you make your particular art works? What about youtube videos? It is so easy to film yourself for a simple youtube video to explain how you do what you do best. 

There is facebook, facebook marketplace. There is Twitter. You can use these social media sites to promote your content. 

There are so many platforms that require no upfront fees in order to start uploading your works. Redbubble is a good place which photographers and graphic artists can bring their best works and designs  to be featured on ¨print on demand" merchandise. There are no financial costs to uploading your special designs to these type of websites.

Reading Seth Godin´s writings really encouraged me to understand that with the way that the world has become such a global village, that it is easier now than ever before to find the particular type of fans that would find your works valuable. You no longer need to appear to a mass audience. You can stay unique and just keep spreading your art works and ideas until your tribe finds you by osmosis.

It  really doesn´t matter how unusual you are. You don´t need to force yourself to fit in. You don´t need to change your artistic style, or way of content creation to try to keep up with the ¨Joneses.¨

You really can be yourself. Be proud of who you are as an individual creator. 

Believe that some day soon, you really will and CAN be PAID to be YOU!

May God´s unlimited blessings begin to reveal themselves to you this week!

Peace,

Carla

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Countless Income Streams

Now now...you might say...she's waaay too cocky. She's out of her league.

Nope..... increase is indeed unlimited. Abundance is unlimited.

It's all about your imagination...It's all about your positive mindset.

When you are a content creator....know that there will always be new multiple platforms upon which you may place your content. New publishers, both for the self published artist and the more traditional publishing houses. They are all growing and learning how to put more good work out into the cosmos. They are morphing to find more work....just like what you create. Someone right now is looking for you....for what you have just the right now to express and put into words, or inventions, or songs, or artworks.

The world needs you. I don't know any other way to say this. You were born into this generation because you have something that needs expression that this generation requires. You were born for a reason. Make it happen. And don't lose faith.

Just as some social media platforms have their time in the sun....so others will be invented and rise up to take their place. Your content can be boosted onto all these spreading platforms....There are only the limits that you place or "refuse" to place upon your content.

Yes, you can create content for one platform....or for 100 platforms.

And then there are the platforms that will hunt you down and pitch and beg you to be on their platform.

Stay original....observe copy right laws and don't allow discouragement to stop your creativity from flowing. Keep creating. Stay artistic. Use your words. Use your colors, use your music. Stay confident. Adapt....learn how to navigate new software as often as possible, or pay people to do this for you.

Believe in your work! Do you know you have quality content? Do you "make good art" as Neil Gaiman would say? Don't stop now....don't slow down.

Do whatever you need to do to get back on that horse and make some more cool stuff.

BELIEVE IN YOURSELF BECAUSE GOD BELIEVES IN YOU!

Carla.

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Is it Possible To Be Too Focused?

There is a story about an interview that was done with Bill Gates and Warren Buffett. Both gents were asked the same questions...."what is the single most thing important thing for success"?

They both answered with precisely the same word ..."Focus!".

I always feasted on that thought....as it one thousand percent was in alignment with my own mode of operation. 

When I became a "written goal setter" I noticed there was more spring in my step....and a more pointed look in my eyes. I knew where I was going....and whenever I was unsure...I would simply dig out my goal list from my purse or phone and recite my written goals.... Instantly I would feel my peace restore itself and I could walk confidently.

Knowing where you are going is refreshing. How else will you know you've arrived if you don't have a destination?

But, now for the sake of a good argument, let's assume, that it isn't always a good thing to be hyper focused on one's goals. Could it be that when humans are too focused...that they forget the simple pleasures.....like riding a bike or singing a song in the car ride to work? Can it be that goal setting transforms us from people who dance .....into people who simply march like soldiers towards a goal?

Is it good to march through life? Or is it better to dance?

 I am simply stirring the pot. It's good to take both sides of an argument to help assess the pros and cons of both sides of an equation.

One might also suggest that being too "goal oriented" can be challenging in a marital and family setting. If one or both parents are very focused on goals outside the home...will they still have enough time and energy for their spouse and children? Or does the spousal time and children time need to be written into their written list of goals? These are good things to consider.

Being uber-focused is definitely a powerful tool to accomplish virtually anything in life. But let's not forget to enjoy and appreciate those unwritten aspects of human life which don't make it onto your list.

Let's not forget to smell the roses....and appreciate the scent of the grass after a morning rainfall.

Let's not forget to commune with our Creator...the one who understands us and wants to help craft our written goals. Let's not walk alone.

Peace,

Carla.

 

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My Argument with Extreme Bulk Buyers

Today is my story of my argument with extreme bulk buyers. By extreme....I mean the ladies who insist on shopping only in large quantities even when they are trying to stick to a budget.

And so today I brought an example. See to your left the lovely photo of a box of garbage bags I purchased this week at Dollar Tree in Ontario, Canada. If my memory serves correctly, I paid precisely $1.50 Canadian funds plus 13% tax for this box of 5 garbage bags.

Now, my extreme bulk buying friends are already pooo-pooing my choice...because they  say ¨ Why on earth would you pay good money for only 5 bags....when I shop I buy big boxes of garbage bags with at least 40 bags in a box!¨

But my comment to them is this ...Why on earth, if I am trying to stick to a predetermined grocery budget, allow such a large portion of my expenditure for the week to be allocated to the purchase of garbage bags.

I know, I know....people like to stock up.. People dont like to run out of things, and they really dont like shopping as often as I do. 

But, I must assert, that if you have a certain dollar figure that you try to stick to with your grocery shopping, then you need to discipline yourself not to splurge on a certain category, just because it happens to be a good deal. Do you understand what I am trying to say? 

Sometimes I see extreme bulk buyers go and spend 100$ on bathroom tissue because there is a good sale on....but they dont buy enough food for their children to make it to their next grocery shopping trip. Does that make sense? Is  it really a good deal if it leaves someone without the calories they need to function well during the week?

The painful part of disciplined shopping means being willing to pass up great deals, in order to stick to your preplanned budget. It may not feel like you are winning to buy a small box of garbage bags at your local Dollar store.....but you will most certainly feel a great sense of accomplishment when you realize that you can actually stick to the list you wrote to yourself and stick to the budget that you and your spouse or family members have agreed to. 

I can hear some of you saying....well, if you were rich, you wouldnt need to budget your grocery shopping. And to that I would tell you a little story about the great Mr. Warren Buffett...who is still one of the richest men in the world. I have watched ( several times over) the HBO special biographical film of Mr. Warren Buffett in which we, the viewers, are permitted a small peak into Mr. Buffettś daily habits.

One part of the film, shows Mr. Buffett with a handful of change his wife gave to him before he left the house, to spend on a preplanned breakfast sandwich from McDonalds on his way driving to the office. He knew exactly how much the breakfast sandwich cost and his wife gave him exactly that amount to pay for it. How wonderful! How disciplined and modest he is! 

If even, one of the richest men in the world, sees fit to preplan his modest  drive-thru breakfast meal, then certainly it is adviseable for us also to consider such a habit.

What is this habit? Simply the habit of planning what you are going to spend each day or week based on your income and outgoing expenses and savings and investing plans, and charitable giving.

Planning is good. 

Sometimes folks who are recovering shopaholics get their shopping fix by overspending on sale items in bulk purchases. They presume that they will not feel guilty for overspending because they got such a good deal! They soon figure out that they still feel guilty, because they have spent more than they planned to spend.

Well, thatś all for now. I apologize for the lack of ¨ apostropheś as this keyboard is hiding them from me as I type today :) Ha....lol!

Well friends, have a great day....and plan to succeed.

Peace,

Carla.

Mother Teresa of Calcutta (Full Movie)

The story of Mother Theresa is awe inspiring. No matter your religious convictions, you will be touched by her story. Enjoy...

Sweet Cheap Banana Cake

  Sweet Cheap Banana Cake!

Every once in a while, it behooves me to create something out of something else. So I took a basic cake recipe and tweaked it a bit to suit some CHEAPSKATE appetites out in the world.

There seems to be an insatiable appetite for frugality....now that gas and meat prices have gone up so much....and in such a short period of time.

So, without further ado.....here is a very simple, very basic low cost frugal BANANA CAKE recipe.

Ingredients:

Throw all the following in a mixing bowl.:

2 peeled overripe bananas (it's ok if the bananas have begun to brown)

2 cups all purpose white flour

1 cup white sugar

1 teaspoon baking powder

2 eggs

a dash of veggie oil or canola oil : ( if you need to measure....I'd estimate 1 tablespoon)

1 teaspoon of ground cinnamon 

Blend all of the above with a high speed blender until thick and creamy.

Coat a medium size caserole or baking dish with a thin layer of veggie oil or canola oil.

Pour/scrape all the batter into your baking dish.

Preheat your oven to 350 degrees F.

Bake the cake for 25 minutes and then leave it in the oven after you turn it off to let it settle and the crust to get a little bit more crisp. 

(oven  temperatures can vary by oven style and other factors..... use your common sense and adjust the temperature or length of baking time to suit your own particular oven)

One of the things that's cool about this recipe is that it doesn't take any additional liquids...such as milk or water. All the liquid that the cake requires is provided by the over ripe bananas!

That's it! Easy Peasy eh?

Enjoy once it cools a bit and serve with butter or margarine or all by itself.

Delicious and frugal!

No need to throw away browning bananas any more.... Just peel em and throw them into a zip lock bag and freeze them for these delightfully frugal banana cakes.

Bon Appetit!

Carla.

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Review of Flash Food App

So, If any of y'all are bargain hunters...you are definitely going to want to check out the "Flash Food" app. It is easy to download and very user friendly. You don't even have to handle payments in the grocery store....it is all done online.

So, what is "Flash Food" ? It is a way for grocery stores in Ontario to offer products at steep discounts rather than tossing them in their dumpsters when they are trying to reorganize their merchandising or getting rid of foods that are near their expiry dates.( i am sure that it operates in other provinces too....and maybe even the USA)

Above are all the items I was able to get  this week, for just under 20 Canadian dollars. I know that the choices are heavy on dairy...but that is just the way it is.....Dairy products are most sensitive to expiry dates...and stores have more dairy products near expiry than they know what to do with. It saves the store money to be able to sell these items instead of letting them be disposed of. It is also an environmental and social benefit for stores to be able to claim that they reducing their "land fill" items and offering lower cost food options for those who may need it.

I like that there was a broad assortment....including even some meat and high value cheeses. The yogurts are easy to freeze and kids like them for snacks. 

Do you have Flash Food app operating in your locality? Do you like it? Does it freak you out to buy foods near expiry? Do tell.

I thought those frugal friends of mine would appreciate a glimpse into what a Flash food order can be. Well, that's all for now. Be well....and take advantage of those blessings that God provides. Be well and prosper "biggly"!

Peace,

Carla.

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High Risk Covered Calls or Low Risk Covered Call Options

Are you an option trader ? Do you sell covered calls?

Today I just wanted to discuss how you can influence your levels of risk by several key factors when and if you sell covered calls.

For brevity, I am going to assume that you all know how to ¨sell to open¨ covered calls. If you do not know what  a covered call option is.....then this post may not be helpful.

What raises risk in a covered call scenario?

permit me to draft a list:

• Selling covered call options way out into the future...such as 6 months or even 2 years into the future. The future is unknown and the more we try to predict long term results....the more risk we may encounter....due to unexpected market movements.
• Using leverage to finance the purchase of the underlying asset. Using margin debt to finance your purchases of the underlying asset adds more risk to your portfolio. Not only must you prepare for interest payments on the money you borrow in your margin account, but you must prepare to prevent a margin call on your account, when/if your buying power becomes challenged by negative market forces or poor investing choices.
• Selling covered calls on equities that have an unproven financial record can/may add more risk to your accounts. When investors choose to sell covered calls on publicly traded companies that have no positive financial reports, they add unintended risk to their holdings.

There are several ways to minimize risk when selling covered calls on your stock portfolio. 

Permit me to draft another list:

• Sell covered calls on stock that you have paid for in full....(without leverage)
• Sell covered calls on companies with proven sound financial management, that produce healthy price to earning ratios(p/e ratio) and have a good reputation. Have a healthy respect for positive earnings. What is trendy is not always a ¨good bet¨.
• When you want to withdraw money from the premiums you have collected by selling covered calls, only do so after the contract has expired or been closed or assigned. This simple tactic will prevent unnecessary stress if/when a covered call position runs in a direction that you did not expect.
• Last but not least...do not lower the strike below your cost. This is very important, so that you do not risk losing money on the difference between your net cost of stock and the potential inflow of cash if/when a covered call that you have sold gets ¨assigned¨. To be fair, it is important to note, that there may not always be a strike price available at the correct price point to make your trade profitable. Therefore you may have to just ẅait and hold onto stock that needs time to recover from a market dip. This is another reason why it is prudent to eliminate the use of debt/margin/leverage when purchasing equities....so that you will be able to weather market ups and downs..... while maintaining a stress free and dignified investing experience.

Well.... that is all friends, for today. If you are an option trader or investor, I am sure you have discovered a plethora of methods you can use to control and/or define your risk. There is nothing more important in investing than controlling risk.

May God bless your trading and investing as well as your learning journey.

Peace,

Carla.

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Knitting is for Old Ladies She said

I was aghast that day. It was the wife of someone close to our family. She stated rather loudly that knitting was for "old ladies." 

Well, let it be said that this woman is not known for elegant comments. And so, after all these years, I have learned to just ignore ignorant comments and pursue whatever I wanna do....no matter what anyone says.

Life is too long and life is too short to really give a rip about what anyone says anyway. Do you agree?

And for the record, if I become old while still knitting the way I love to...then hallelujah...I will be a grateful camper.

And so, on that epic note, I bring to you my 3 hour slippers, which I knit without a pattern.

I don't know why I hate knitting patterns...Hmmmm....maybe it's for the same reason that I hate aerobics classes. I hate being told what to do by an instructor. I also hate being told what to do by a pattern. Lol....kinda amateur on my part...but I is what I is ")

I want to encourage those of you who, like me, have trouble following or even looking at a pattern. Just because you don't like knitting patterns, doesn't mean you shouldn't knit. You may be more creative than everyone else combined, simply because you want to do things your own way.....you prolly should!

Being creative and using what I have has allowed me to make things in a "logical" way as it pertains to my own style of doing things. I am not aiming for a pair of slippers to wear to the Met gala....I am aiming for something that fits my foot and doesn't cost too much to make. I want to be able to make it in a day or two...and I want the idea to be so simple and do-able that I could teach almost anyone on the spot to make them too. And so above, are the photos of my 3 hours slippers. Enjoy.

P.S.

Just because you don't like maps, doesn't mean you hate driving. I love driving!

Just because you don't like aerobics classes doesn't mean you hate aerobics! I love dancing!

Just because you don't follow recipes,doesn't mean you can't cook! Got it? Good :)

Peace out,

Carla.

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Networth and Comparing Celebs

As soon as you hear the sound of the word  "million" you might be tempted to be think that someone's loaded. Nah.....think again.

According to Zolo   the average Toronto single family home is a cool 1 million Canadian bucks. That's nothing to sniff at...but at the same time, it is a helpful mathematical tool to help you wrap your head around net worth stats.

(https://www.zolo.ca/toronto-real-estate/trends)

For example,  if you happen to watch any kind of reality tv, and you search up net worth estimates for some of the celebrities you might be surprised at the numbers.  Looks can be deceiving.

The reality real estate show "Selling Sunset" features lots of overdressed ladies whose net worth, for most of them is only 1-2 million. When you compare that to a Toronto home....that means most of them could only afford one home in Toronto without debt. And that doesn't include the financing of their supposedly lavish lifestyles.

For many of these reality shows, the glamour is funded by the producers of the show and therefore the clothes, shoes, hair, makeup, travel and even the cars and homes are funded by the show producers, with the express intent of making your jaw drop. Anyone can be featured in a fancy home and driving a fancy car.         It isn't rocket science.  These celebs personally juggle debt just like you might...but perhaps on a more epic scale. Letting the "show" pay for everything is par for the course....that's just how Hollywood works.

They get dolled up by professionals to make them look like billionaires....when they are just barely millionaires. Many of them are just getting started on their financial journey. 

A million dollar net worth is just not that impressive anymore.

With regard to high fashion clothes....remember that designers are usually quite delighted to loan or give their garments to celebrities in order to garner  "free" publicity for their labels. Celebrities love freebies too ")

 Enjoy the show....catch a few design or fashion ideas of your own, But don't ever believe for a minute that these celebs can afford such lavish luxury without the glitzy sham of the highly financed entertainment industry.  Entertainment is a business....a hard core industry that knows how to get eyeballs glued to the screen. It's just entertainment....it's eye candy with an end goal to make you a faithful fan.

Looking the part....is not the same as "owning the part". One plus one still equals two....and sound financial management is still your best friend.

 Be well and prosper friends. 

 The world is your oyster.

Peace,

Carla.

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When My Dream is Fulfilled....

When my dream is fulfilled ....this is what it will look like.

I will have instructed more ladies how to trade online for income from the comfort of their home or at the park or wherever they happen to be. Why? 

Because  a woman should be able to create income from exactly where she is.

I want for any Mom at home with her kids to know confidently that yes, she can do this, and that not only is it possible to thrive as a trader, but to prosper extravagantly....not only to meet her own financial needs but the needs of her children as well.

I want to leave a legacy of empowerment for women all around the globe. I want  every woman to know that this "trading/investing" livelihood is a viable option for women, young and old. There is no glass ceiling in trading ...I am happy to report.

Your only limits are your own capacity for seeking knowledge, gobbling it up, and retaining it ....and then using it in the real world. Focus is power. Accurate knowledge will feed your power.

It is not my style to tell anyone how to live or what they should do with their lives. It is simply my desire to embody and teach those chunks of knowledge, strategy and inspiration which have allowed me to prosper as a trader/investor. To show to others that women need not cower in ignorance or conformity to some antiquated idea of what it means to be a woman or a wife or a mother.

Be blessed, my friends, with what you are putting your hand to. May your choices coincide with God's will for your life and your family.

Peace,

Carla.

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Retail Respect

There is one action .....a concrete example of excellent customer service i have noticed lately.

I have experienced this numerous times from a certain financial services company. I won't mention their name because that is not my purpose today. Whenever i call this company with a question or request ...i notice that when the conversation is over...they wait for me to hang up the phone first. They literally never end the call first. That may sound like a very small gesture...

but it speaks volumes of  respect for their clientelle. 

Does your business serve the public? Are your staff closing the door hastily when the sale is complete? Or is there a more gracious exit that says to a person that you respect them as a person and not just their wallet?

peace out, 

Carla.

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God Makes It Better

Too many things now a days have artificial colors and dyes...The above was made by God. Fresh raw juice made from raw beets carrots and apples...that's it. No water added. 

Frugal side notes. The jar is upcycled and the juicer i use often was granted to me by someone who couldn't sell it to anyone at their yard sale. Free does not always mean low quality. Sometimes it just really rocks:)

Peace out, 

C.