Tag: Stocks
Stock Market Investing in Your 70s: Passing Income to Future Generations
An asset is something we can pass on to future generations. Focusing on their futures ensures we make the best decisions for our and their well-being and longevity. Honestly, we should be financially savvy and independent in our 70s; there is no reason not to be. Therefore, we can begin mapping out our future endowments…
Make Passive Income: All Day Every Day
I was 38 years old when I came across the term “passive income.” I was 20 years into my career in the Marine Corps, and my finances were in shambles. My wife and I weren’t big spenders. We didn’t drive brand-new cars or renovate our homes. We simply did not have the financial information we…
Stock Market Investing in Your 60s: Let the 401K Conversions Begin
We all love the idea of recycling—turning something old into something new. In our 60s, we can turn our pile of money (401K) into a massive passive income stream. That’s right. We will forget the 4% rule and earn 9-10% yields on our invested capital. Do you need a financial advisor to manage your money…
Dividend ETFs vs. Asset Managers: The Best Place for High Growth and High Yield
We love to do things ourselves. However, sometimes, it is best to leave things to the professionals. Picking individual stocks can be challenging, especially when considering an unknown future. Luckily, we can access professionals by purchasing shares of dividend ETFs and asset managers. Both products offer high growth and high yields; however, they are unique.…
Stock Market Investing in Your 50s: It’s Time to Take Control of Our Finances
Our 50s allow us to finalize any loose ends as we prepare for retirement. Although there will be many bumps along the way, income will enable us to live our dream retirement. We wrestle the horns of the bull during our 50s. This decade is a “Do or Die” time for our finances. We must…
Index Funds vs. Bitcoin ETFs: The Best Growth Vehicle for the Future
Having growth in our portfolio helps us outpace inflation. Although we plan never to sell shares, growth products give us significant leverage by expanding the scope of our power. With the advent of Bitcoin ETFs, which trade on the stock market, we now have major decisions to make about which growth products will best serve…
Web Edition- The Biggest Book on Passive Income Ever 4!
INTRODUCTION 00 000 The Biggest Book on Passive Income 4 FINANCIAL MINDSET 01 001 Are We Living in Fast Forward? Things Have Changed Since 2020 01 002 Being Mediocre is Not Okay 01 003 Building Generational Wealth: Via Dividends 01 004 Building Generational Wealth: Via Real Estate 01 005 Create Money, Spend Money, Grow Money:…
Stock Market Investing in Your 40s: Preparing for a Happy Cash Flow Retirement
Our 30s can push our finances to the limit; however, our 40s present a unique opportunity. We can set the stage for an extraordinary Happy Cash Flow Retirement during this decade. The stock market will significantly contribute to our retirement success through growth and capital gains, but mainly through income. Our income investing allocation should…
Trading Long Strangles vs. The Options Wheel: How Much Capital To Get Started?
It’s the clash of the titans: trading long strangles versus the options wheel. I started my options trading journey by selling covered calls, which is part of the options wheel. Over time, I started selling cash-secured puts to lower my cost basis on future shares. Together, selling covered calls and cash-secured puts comprise the options…
How to Become a Part-Time Options Trader #3: Selling Covered Calls
Now that you have prepared yourself mentally (#1) and saved a nest egg (#2), it’s time to jump into the options market. First, you must decide which technique you want to try. An excellent place to start is selling covered calls for passive income. This strategy presents little risk, but does require a lot of…
How to Become a Part-Time Options Trader #1: Why Trade Options?
There is a lot of money to make in the world of options trading, but you could also lose a ton of money. Sometimes, it feels like a flip of a coin. I have traded options part-time for over two years and have learned much about this profession. That’s right; some people do this for…
Retrirement Plus: Supplement Your Retirement with Options Trading
Trading options during retirement doesn’t fit the typical narrative concerning your happy years. Trading options may sound stressful or anxiety-inducing. However, not having cash flow during retirement is much more stressful than trading options. Without cash flow, retirees are on the raft of life without paddles. Therefore, as retirees, we must determine how options trading…
Don’t Gamble with Retirement 13: Serious Lives Lead to Extraordinary Retirements
Why is being serious considered a bad thing? I was always a serious person, and it has served me well. I joined the Marines 10 days after high school in 1999. In the Marines, I never got passed over for promotion because I always took my job seriously. I retired at 42 and never have…
My Three Favorite High-Yield Savings Accounts: Get Paid While You Save
Most Americans realize the importance of saving money—whether they choose to save is a different story. Saving is a mechanism we put into place to protect ourselves from emergencies while also preventing us from using our investment accounts. I always tried to save early in my adult life—to no avail. However, in 2019, I started…
Trading Long Strangles vs. Mortgage REITs: The Most Hardcore of Income
The goal of life is to make money while you sleep; there is simply no other way to get ahead of life expenses. But how do you make passive income? Some people turn to the stock market to earn dividends while they sleep; others use the options market to create large amounts of passive income.…
Life as an Income Investor 2: How to Become a Cool Kid
I always wanted to be a cool kid, but sadly, this wasn’t the case. I never thought I would have the chance to be the coolest kid on the block—but then I became an income investor. Becoming an income investor isn’t about bragging to others about how much money you make. Instead, you get a…
Selling Cash-Secured Puts vs. Preferred Shares: The Most Hardcore of Income
You’ll have to take risks to become wealthy, but how much risk is enough? The answer depends on many factors, the chief of which is your emotion toward money. I absolutely adore preferred shares; however, I must take a gamble to get the best deals. Selling cash-secured puts is relatively safe, but there is a…
Stocks, Bonds, & Options in Your 60s: Ensuring a Great Retirement
Our 60s should be a time of joy and celebration. In fact, the only stress we should have is from babysitting our grandkids. But these magical times don’t just happen; we must create them. We must build a level of financial sophistication that ensures we can weather any economic storm. This foundation starts by understanding…
Selling Covered Calls vs. Trading Long Strangles 2: Combine Them For More Passive Income
Options trading isn’t for everyone, but that doesn’t mean most people should overlook this incredible opportunity to make passive income. Americans put far too much emphasis on their W-2 jobs while passing over other opportunities to make money. Many times, we exclude other opportunities because of fear of the unknown or the possibility of risk.…
Selling Covered Calls vs. Trading Long Strangles: What Are Your Passive Income Goals?
Why do people decide to trade options? It can be a very dangerous and risky proposition for most traders, so why all of the love? Options trading can be a lucrative wealth generator if you take the time to learn the ropes and create a system that works for you. “The Options Playbook” discusses over…
