Tag: free-pdf-book
Selling Covered Calls vs. Renting Rooms: The Best Passive Income Strategy for the Average Person
Many people dream of becoming high-flying options traders who can double their money in a month. Sadly, they are more likely to lose their money than double it. Trading options is not for the faint of heart. It requires nerves of still and the ability to detach your emotions from what’s happening. I love trading…
Options Trading in Your 70s: Avoiding the Stock Market At All Costs
We should all be winding down in our 70s. We want to enjoy our days and love our nights, but we don’t want a lot of stress from the financial markets. If you have all of your finances squared away in your 60s, then your 70s and 80s will just be a continuation of those…
Options Trading in Your 60s: Retirement Planning Made Easy
You’ve prepared your entire life for this moment. You are retiring from the workforce, drawing your pension, and signing up for social security. This is the point at which most people stop their retirement planning. But I love the concept of living a Happy Cash Flow Retirement. My Happy Cash Flow Retirement system consists of…
Earning $2,100 Per Month in Dividends: It’s All in the Numbers
They say you must become passionate to achieve your goals. Most of us believe that means we should find a career field that matches our dreams. However, that’s a tough call. I was blessed to love being a US Marine for 24 years, but I found something I am even more passionate about than serving…
The Illusion of Freedom: The True Three Paths are Military, College, or Trade School
During my entire 24-year career in the United States Marine Corps, people questioned how I could give up my freedom and liberties. They said it’s better to be able to quit their job whenever they like, travel where they want, or do as many drugs as they deem necessary. For 24 years, I kept my…
Financial Freedom: The True American Dream
Nobody wants to work—or, better stated, nobody wants to be forced to work. We would all love to be “work-optional.” To become work-optional, you must first become financially free. Becoming financially independent isn’t as tough as people think; however, the media does an excellent job of making it seem out of reach. Ultimately, your version…
Options Trading in Your 50s: Generating Major Income
Welcome to your 50s. For many people, the 50s are their highest earning years. They will have climbed the corporate ladder, raised their kids, bought a house, and saved for retirement. However, the worst thing we can do before retirement is become complacent. We can’t let our money stay stagnant. Our 50s are a fantastic…
Options Trading in Your 40s: Taking on More Risk
Our 40s can be a fantastic time. We could be married, our kids could be older and more self-sufficient, we may have climbed the corporate ladder, or we may be in a two-income household. Most importantly, we may have some time to ourselves. We can use this time to build a decent-seized options trading portfolio.…
Don’t Be ALICE: Asset Limited, Income Constrained, But Employed
We need jobs for one reason: to buy assets. Somewhere along the way, we started using jobs to pay bills. That’s how we got on the never-ending hamster wheel. They have a new term for this phenomenon—the working class. This means you will always work, grind, and still barely survive. I’m no longer part of…
The Four Principles of Dividend Growth Investing
The best way to become a great investor is to have principles you stand by. Conversely, it is good to understand the principles of strategies you follow. Most people follow the 401 (k) investment philosophy. This philosophy states that you invest in low-cost mutual and index funds until retirement. Upon retirement, you sell shares to…
Options Trading in Your 30s: Passive Income During Family Season
For most of us, our 30s are a time of personal growth and financial turmoil. So many things are going on at once that it can be overwhelming. In our 30s, we are getting married, having kids, building our careers, and buying homes. This season is already stressful enough; the last thing we want to…
Options Trading in Your 20s: Build Wealth at 30% Annual Returns
Most of us don’t have a lot of money in our 20s. In fact, we spend our 20s trying to have fun on a budget. If you can devote just a tiny portion of your 20s to income generation, you can exploit the power of compounding at an early age. But what is the best…
$5,000 Dividend Shopping Spree!
Isn’t it fun to go shopping with money someone else gives you? I remember my parents giving us $100 in 1991 to shop for the school year. We had to purchase our jeans (Wranglers), T-shirts, socks, and underwear (whitie-tighties). We had so much fun during those times. Those days were over once I turned 16…
I Bought a Tiny Home: Are They the Solution to the Housing Crisis?
Millions of Americans are experiencing the housing crisis. Those who bought homes before 2020 should be sitting pretty. However, things look bleak if you are in the market after the pandemic. Personally, I believe the solution lies in having multiple families living together and saving money. Eventually, they will be able to afford a home…
Floating Away: The Magic of Floating Rate Preferred Shares
Something strange happened to me the other day; I received more money from one of my preferred shares than anticipated. Rarely do things surprise me, but this was a great way to start the day. Nothing makes you feel more special than earning more money on your investments than you thought. But what happened? Why…
Count Every Penny: Budgeting Your Way to Financial Independence
Why is it so difficult for us to budget and save? Why do we use scapegoats like inflation, price increases, and wage stagnation to deflect? The simple fact is that we must count every penny that enters and leaves our homes. That’s the only way we will build wealth and retire early. But somewhere along…
The Options Wheel vs. Dividends
We need to keep our money working for us at all times—in the safest way possible. Sometimes, this means using a high-yield savings account, investing in dividend stocks, or even trading options. I recently discussed selling covered calls and cash-secured puts versus buying dividend-paying stocks. The conclusion was that trading options can be much riskier…
Cash-Secured Puts vs. Dividends: The Best Passive Strategy
The best way to retire early is through dividend investing—hands down. But that doesn’t mean that dividend investing is the best way to generate income. The goal is to create a Happy Cash Flow Retirement where new money comes in every day. Dividend investing can create lots of cash flow, but you will surrender much…
Covered Calls vs. Dividends: The Best Passive Strategy
If you want to retire in America, you must build a stream of passive income. There are many ways to generate income in your sleep; however, understanding these streams is vital to building wealth. Two ways to generate a return on your invested money are selling covered calls and investing in dividend stocks. Both options…
Secondary Mortgages for Everyone! The Government wants to get into the Home Equity Loan Business
The US economy is stalling because the average consumer is overburdened with debt. The answer is for everyone to live below their means, pay down debt, and generate passive income from investments. But that sounds boring. The easy answer is to offer everyone the ability to assume more debt. That’s precisely the route the federal…
