Will 2021 be THE YEAR?

Life back in Charlotte has been pretty slow and cold compared to the Florida heat. I’m sitting in a Barnes and Nobles, listening to my favorite study music YouTube channel, and looking at my finances. I just finished off analyzing whether the MI properties actually made money in 2020, and now I’m thinking about how to minimize taxes and position myself for a successful 2021. I definitely will share my experience as I convert my old 401ks into a Roth IRA.

I got a new job with an insurer out of Cincinnati, that I’ll be starting on Feb 8th. I’ll be working remotely until they go back to the office. I have faired very well over the last four months (thanks rental income and BitCoin) considering I didn’t have a job. That being said I am now a married man and probably need to get a little more cash coming in, as my wife and I don’t want to live with roommates for long. And since I’m a religious believer in Bitcoin I figure maybe working a bit now, and putting a majority into Bitcoin, will really pay dividends down the road.

On 1/10/21 I noticed that my 401k account from an employer I left in 2015 dropped 14k, yikes! I investigated a bit and it appeared that they took money out because I wasn’t fully vested. I knew I wasn’t fully vested but I actually thought that the numbers I had been working with reflected the amount I was vested. I finally got ahold of the person in charge of the 401k with my former employer. They have a practice of not taking out their portion until five years has elapsed. This protects someone leaving the company and then coming back within five years to continue working. This would allow reentrants to not start from ground zero, which is understandable. Lesson learned. Let’s get to the numbers!

10-day BS Refresh

Analysis Intelligence

The Opening NW in the 1/31/2021 column is the closing NW from the 1/20/2021 column. The green numbers represent estimated changes to my net worth in those categories (green numbers in 1/31 column are the changes that I estimated on 1/20). The white “Gain from” rows show how the actual numbers turned out compared to my original estimates, ten days prior. Another pretty calm ten days.

Crystal Ball

Ideas for increasing NW/Learning

  • Get/stay healthy
  • Start analyzing how affiliate programs really work
  • The financial coaching seminar seems cool and something I might pursue on the side, but I think I should hold off until I get my FSA
  • Revisit Tax Liens
  • Learn about Salesforce
  • I’ve had a friend ask me multiple times now to write macros for her. I was able to help her again last night and maybe should keep this idea open for as a way to help people and make some good money.
  • Seriously considering taking out my liquid trading account to put all into Bitcoin. More analysis to come.
  • Instead of relying solely on Amazon to sell my book I’m thinking to sell the books on my website as well. Should I just control the book sales in the same corporation as my real estate in Michigan?


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