Welcome to Blue Collar Bill
My name is Bill. I have been a blue collar worker in a factory for 25+ years. After many years of living paycheck to paycheck I have decided it was time to make some changes. You are welcomed to follow along as I document the changes I am making in order to achieve financial freedom. This site is a work in progress so please bare with me while I develop the site.
Latest from the Blog
When I started my journey to financial freedom a little over a year ago I sought several resources to help educate myself in the areas of personal finance and investing. Some of the resources I turned to included books, websites and You Tube videos. At first I was mainly interested in getting my debt underContinue reading “How I learned (and continue to learn) about personal finance and investing”
ARK Invest, led by Cathie Wood, offers several exchange traded funds with the focus on disruptive innovation. The five actively managed ARK funds have had amazing returns recently. The following is the returns for the actively managed ETFs for 1 year as of November 30, 2020: -ARK Innovation ETF (ARKK) 123% -Autonomous Technology and RoboticsContinue reading “Investing in ARK Funds”
One of my goals for 2021 was to open a Roth IRA. One of the main advantages of the Roth IRA is your money can grow tax free and you do not pay taxes on the withdrawals (for the most part) in retirement at age 59 1/2. Also, contributions (not earnings) can be withdrawn atContinue reading “Roth IRA”
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*Disclaimer-I am not a financial advisor. This site is to track my financial journey and to allow others to follow along. Before making any financial decisions, please do your own due diligence and/or consult a financial professional.