Roth IRA Explained For Beginners (is it tax free?)
Welcome back everyone! Are Roth IRA's truly tax free? Well yes. But no. A Roth IRA can only be funded if you are earning income and paying taxes on that income. Because of that, the "taxes" are paid on the income you have already earned.
Now that aside - if you follow the rules of a Roth IRA, when you are ready to withdraw (at age 59 1/2), you will be able to withdraw from the account 100% tax free! No federal tax. No state tax. Just straight cashflow!
Investing in a Roth IRA is something everyone should consider (I am not a financial advisor, make your own decisions, do your own research, this is not investment advice, etc). The implications of having a completely tax free income stream are really hard to ignore.
As Dumpster Diving (future) Millionaires, we are planning on maxing out our Roth IRAs every single year.
Peace, love, and cashflow - trashflow is cashflow!
15
views
The Wheel Strategy Options (explained for beginners + pitfall to avoid)
Learn the ins and outs of the option wheel strategy in this video. Discover how this simple yet effective strategy can enhance your stock and options trading. The wheel is a lot more simple than it might seem at first - however, be careful with what stocks you decide to wheel with. The reason most people get burned is the choose to wheel the stocks of terrible businesses. So can you live off wheel strategy selling options? Maybe. It would take a large amount of capital to do so however - probably $300k. Options wheel strategy is great - but shouldn't be done blindly. I would suggest using Think or Swims "On Demand" feature to fake trade the wheel in super speed time so you can see how it works.
5
views
Should I Invest In CDs? Beginners Guide to Certificates of Deposit
Should I invest in CDs? In this video where I explore the benefits of certificates of deposit as an investment vehicle and share some of my thoughts. As a dumpster diving non-financial advisor, I share my personal journey and curiosity in establishing a solid financial footing for myself and my family. Join me as we delve into the world of CDs and discover if they're the right investment option for you. Don't forget to subscribe for more financial insights and tips! Currently, I'm throwing all of my dumpster diving and scrap metal cash into CDs and dividend stocks!
30
views
Earning $100s of Dollars Dumpster Diving for Wood
Fun day in the dumpsters . . . one of our favorite things to do with a couple of extra hours on Saturday is dumpster dive for some scrap metal - or in this case scrap wood! We found a decent bit of metal, but the wood was out of this world!
Let me know what you think of the new GoPro footage - I'll get better with it over time, but overall the result feels much better than filming with an iPhone!
Subscribe to follow along with our latest dumpster diving adventures!
6
views
Looking for the Lost F-35 Jet In A Dumpster
Well - if you haven't heard, the U.S. government LOST an F-35 (not sure how you lose an F-35 . . . how embarrassing lol). Anyway, my wife and I decided to do our duty as U.S. citizens and go hunting for the F 35 by dumpster diving tonight. While we did not actually find the F35 in a dumpster, we DID find about $100 in scrap and other treasures. It was a good night for a dumpster diving haul, a bad night to be the person who keeps track of 80 million dollar planes. Imagine losing a military jet!
Peace, love, and cash flow the trash flow yall!
13
views
Fast $100 In Scrap Metal + Art Gallery In A Dumpster
What a fun lunch break today! Went for a quick drive to see if the A/C place was throwing out any scrap . . . and they were! Picked up around $100 of scrap from them today, and while we were out we stopped by a couple of other dumpsters and snagged some good aluminum scrap that had beautiful art printed onto it! If anyone has some ideas on how to fix these without ruining the print let me know! Would love to save them instead of scrap.
Keep up the trashflow cashflow everyone!
8
views
How Much Will I Get Paid For This Huge Scrap Metal Dumpster Diving Turn In Haul?
How much do you think I will make from this scrap haul? It's been a minute since I brought what was in my yard to the scrap yard! Time to get it all cleaned up and looking good again! I'll tell you what . . .we find SO MUCH scrap metal while dumpster diving it blows my mind sometimes. And usually I do a great job of keeping it organized and letting the trash flow to build our cash flow ;) . . . but occasionally - I let things slip a bit out of hand. And so it's time to bring some loads into the scrap yard! Got the whole truck loaded up - how much do you think I will make?
30
views
Dumpster Diving, Scrap Metal, & Stoicism
Hope everyone is having an incredible week! I know we did! Lots of great finds while out dumpster diving for scrap metal this time around - and hoping to get some more this weekend!
Peace, love, and cash flow (or trash flow) everyone!
2
views
Scrap Metal Aluminum Pour (melting down my dumpster diving haul)
Hope you enjoy this video :) very different style, just some relaxing sounds and minimum commentary as I do a nice aluminum pour into a bar and a coin and a half (ha!)
6
views
Dumpster Diver Reacts: Poptarts in the dumpster!
Well the dumpsters have been a bit dry for us lately (even though the weather has been super wet!) - so I decided it was time for another dumpster diving reaction video!
If you haven't seen this guy already, he has the most wholesome laugh and attitude of gratitude I have seen!
Check out his video here @findingtreasures737:
https://www.youtube.com/watch?v=DD8BXUjy4xE
6
views
Dumpster Diving for Scrap Metal: Not The Most Exciting Haul, Still Had Fun
Welcome back everyone! It's been a minute since we were able to go dumpster diving - but we made it out tonight hitting the streets and searching for scrap metal! Our scrap metal recovery is still the main money maker for our dumpster diving, but tonight it was . . .well it wasn't quite a bust, but it wasn't a boom either. Just an average night in the dumpsters.
Hope you all are having a wonderful time!
Peace, love, and trashflow!
11
views
Dumpster Diving Copper For My First Copper Smelting At Home
Went and bought myself an electric furnace last last week and it arrived late Saturday night! Did a little melt yesterday and it worked pretty good (other than the lid kind of breaking).
Gotta say - there is something magical about melting copper at home and seeing the glowing liquid pour out of the crucible and into the mold.
I'm stoked to get some custom coin molds and do those next!
I was originally inspired to do this by @bigstackD and am amazed at the treasure hoard he has amassed!
23
views
Dumpster Diving 2023: Hoard of Copper, Aluminum, & Pokémon Cards
What a crazy day it was today - our dumpster diving haul today was WILD! Got tons of scrap metal, some fun Pokémon cards, and a MILLION totes!
It's always fun seeing what surprises are in the next dumpster and under the next piece of trash.
Thanks for watching everyone!
#dumpsterdiving #scrapmetal #dumpsterdiving2023 #money #trashtotreasure #dumpsterdive
8
views
We Just Won The Dumpster Diving Championship!
What a crazy night this was dumpster diving in 2023! Our latest dumpster diving haul was wild. Tons of scrap metal (mostly brass and aluminum) that will bring in a pretty penny, a few odds and ends resell items . . . and TROPHIES!
I'm really not sure what we are going to do with them all, but we just had to take them! Absolutely could not pass them up!
Thanks for watching yall!
Peace, love, and trashflow!
#dumpsterdiving #scrapmetal #dumpsterdiving2023
18
views
Was This Abandoned Storage Unit Haul Worth $10???
This storage unit haul was incredible! I saw this unit on auction and nobody had bid on it. So 4 minutes before closing bid, I threw in a bid for $10 to see if I would get lucky and win . . . and I did! Holy cow what a score it was!
8
views
My Wife Decided We Were Going Dumpster Diving Tonight (and I'm glad she did)
What another great dumpster diving haul for 2023! After the gym tonight, I was wiped and did not want to head out into the hot dumpsters (we are having 110+ days here every day). But the Wifey's intuition doesn't lie - and she said we should go diving. So out we went! And what a good night it was!
14
views
Think or Swim Tutorial: How To Roll An Option Contract In ThinkOrSwim
In this video I go over how to roll single and multi leg options contracts in ThinkOrSwim.
There are two primary reasons you would want to roll an option contract: to extend a winning trade (while protecting profit), and to give a losing trade more time to turn in your favor.
I will show both of these situations in this video, and explain the mechanics of how to roll.
Happy trading everyone!
9
views
Dumpster Diving 2023: Someone threw a SHED in the dumpster
Another night in the dumpsters, another nice haul.
Our dumpster diving haul tonight was pretty sweet. Started off with a banger and ended with a shed.
Enjoy!
14
views
Tyler Reacts: @MikeTheScavenger Makes $400+ On A SINGLE Dumpster
Mike is the real deal when it comes to dumpster diving. Watching his videos a couple of years ago is what got me to make the leap (pun intended) into dumpster diving and scrap metal recovery.
Love watching this video and seeing the amazing haul he got . . . $400 in scrap iron is just incredible!
Hope yall enjoyed!
You can find @MikeTheScavenger here: https://www.youtube.com/channel/UChC6F1VK_k7vu5IJEGBuleg
19
views
Satisfying Time-lapse: From Dumpster Diving to Junk Removal Jobs
Decided this Saturday would be a good day to earn a little extra cash, so instead of doing some dumpster diving, we took on a junk removal job!
Hope you enjoy this quick timelapse!
12
views
Uncrustables In The Dumpster (and some cool scrap) Dumpster Diving 2023
Decided to hit the dumpsters tonight after work and was not disappointed. The construction dumpster diving didn't yield a whole lot, but the school dumpsters were fire! We don't usually go dumpster diving for food, because all of the grocery stores in our area lock their dumpsters, but this school dumpster had some surprises! Overall the school dumpsters have been almost as good as college moveout weekend!
We didn't take the uncrustables because no idea how long they had been sitting in there and it's been 105 degrees or hotter for the last several days . . . but tbh with the amount of preservatives in them - they were probably fine for days.
#dumpsterdiving #scrapmetal
42
views
Dumpster Diving 2023: Treasure Chest, Pokémon Cards, & Tons of Scrap Metal
Wow! Dumpster diving tonight was an absolute treat! Let me start by saying, if you like skipping through the video . . . make sure you watch the last few minutes. What we found inside the treasure chest was very unexpected but super cute!
Tonight was a great night for dumpster diving - plenty of items to resell, donate, and lots of scrap metal to be had.
Finding the treasure chest makes me want to bust out my homemade "scrapbeard the pirate" costume again for Halloween this year . . . because now I have a treasure chest to go with it!
I hope yall are doing amazing! Thanks for the love and the support!
Peace, love, and trashflow!
#dumpsterdiving #dumpsterdiving2023 #scrapmetal #trashtotreasure
14
views
Dumpster Diving 2023: Rage Room Destruction!
Welcome back everyone!
My wife and I just celebrated our 2 year anniversary! To wrap up the weekend, we decided last minute to do a little dumpster diving and see what we could find. It ended up being a super fun night as we went out to dumpster dive in some retail stores like PetSmart, Ulta, target, and a few others.
The gem of the night though was an Axe throwing business who also does a "rage room' - they had a TON of smashed up computers in the dumpster that we picked through to find some good circuit boards and other pieces of scrap.
Thanks for watching!
26
views