Tag: options trading
Stocks, Bonds, & Options in Your 20s: Mitigate Risk while Building Wealth
People in their 20s have trouble with their finances because they have two objectives: building wealth and funding their future. The financial media always tells the younger generation about compound interest and how vital it is to save and invest early in life. The stark reality is that people in their 20s must contend with…
Selling Covered Calls for Passive Income 2: Why Take the Risk?
What’s not to love about earning passive income? You invest your money, go to the beach, and your accounts grow with magical passive income. Right? That’s the fantasy, at least. In reality, creating a passive income stream requires hard work and specific knowledge. Today, I want to focus on one way to earn passive income:…
The Options Wheel vs. An Online Business: The Best Way to Make Money From Home
Everyone wants to make money from home. Imagine making $2,000 per month from the safety and security of your cozy house. What’s not to love about the idea of generating revenue without having to get dressed? However, making any type of income from your home is extremely challenging. Since everyone wants to be the next…
Trading Long Strangles vs. Rental Properties: The Best Use of Leverage to Build Wealth
Owning a home has become increasingly difficult. Most people view homeownership as the simplest way to build wealth, but those days may be over. Further, owning multiple properties and becoming landlords allowed people to grow their net worth, increase their passive income, and build generational wealth. However, purchasing a primary residence is challenging enough; how…
Selling Cash-Secured Puts vs. Book Royalties: The Best Passive Income Strategy for the Average Person
It takes money to make money; this is usually the case. However, there are some things in life that we can create for free. The goal of financial freedom is to collect as many income-producing assets as possible. Most of these assets require capital to obtain. Some income-producing assets are treasury bonds, dividend-paying stocks, rental…
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…
5 Takeaways from “Options Trading: How to Turn Every Friday into Payday Using Weekly Options”
“Options Trading: How to Turn Every Friday into Payday Using Weekly Options” by T.R. Lawrence is a book I wanted to read to solve one of my trading problems. The most challenging part of selling cash-secured puts is determining how low to set your strike price. The last thing you want is to end up…
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…
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.…
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…
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…
Selling Cash-Secured Puts vs. Treasury Bills
How much money can you earn in a 30-day cycle? I guess it depends on how you choose to earn your income. You can do it the safe way or add a little spice. Ultimately, it depends on your objectives. If you want to juice your returns to retire earlier, you’ll have to take on…
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…
Selling Covered Calls vs. High Yield Savings: The Best Way to Invest $1,100
I love comparing various financial products against one another, but this one will take the cake. How do you compare the safest option to the riskiest one? So, let’s simplify the comparison: How would I safely grow a small nest egg of $1,100? The easy answer is to put the money into a high-yield savings…
The Biggest Book on Passive Income Ever 4!
How do some people get to live the life of their dreams? They get to travel where they want and buy whatever they desire. Their lives seem impossible to obtain, especially if you are in the nine-to-five daily grind. But I am here to tell you that you can remove yourself from the rat race…
Options Trading for the Everyday Person
Money doesn’t grow on trees; however, we can plant trees that grow money. We can use multiple income streams to create the lifestyle we envision for our family and friends. But how do we get to the point where our money works for us? Society seems to be withdrawing more money from our accounts than…
Dividend Investing with a Splash of Options Trading
Who doesn’t love getting a paycheck? Receiving our weekly, bi-weekly, or monthly paychecks is perhaps one of the greatest feelings you can have while in the workforce. Do you know what’s even better? Getting a paycheck when you didn’t work for it is much more exhilarating. That’s the magic of income investing; it allows you…
