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    Selling Covered Calls + Social Security: The Ultimate Retirement Combo?: Financial Freedom, #260
    Selling Covered Calls + Social Security: The Ultimate Retirement Combo?: Financial Freedom, #260
    Selling Covered Calls + Social Security: The Ultimate Retirement Combo?: Financial Freedom, #260
    Ebook97 pages1 hour

    Selling Covered Calls + Social Security: The Ultimate Retirement Combo?: Financial Freedom, #260

    By Joshua King

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    About this ebook

    We do not want to live on a fixed income; we want to follow a budget. A budget leaves extra money in our accounts that we call cash flow.

     

    Wealth is having excess income versus expenses. Therefore, if we can stay on a tight budget and continue to bring in more income, we will be wealthy.

     

    Unfortunately, most people survive solely on social security. However, in retirement, we can improve our lives by learning to create our own income.

     

    Selling covered calls is a fantastic way to generate income and, by extension, create wealth. However, you must already have the resources to sell covered calls. 

     

    You must be financially savvy to generate income from your finances. That means you must keep learning and growing to achieve your desired results. Good Luck!

     

    LanguageEnglish
    PublisherJoshua King
    Release dateAug 24, 2024
    ISBN9798227958617
    Selling Covered Calls + Social Security: The Ultimate Retirement Combo?: Financial Freedom, #260

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      Book preview

      Selling Covered Calls + Social Security - Joshua King

      Table of Contents

      MILITARY FAMILY INVESTING | Joshua King | Home of the Free PDF

      Selling Covered Calls + Social Security

      All Right Reserved Military Family Investing | 01  Selling Covered Calls + Social Security

      02  The Magic of Cash Flow

      03  Recipe for Wealth: Trading Long Strangles & LBYM

      04  Options Trading in Your 50s

      05  No Freaking Way I Am Working Another 25 Years Part 4

      06  Beat Housing Inflation with Dividends

      07  HYSA vs. CDs. vs. Treasury Bills vs. MMFs

      08  The Options Trading Debit Card

      09  Selling Covered Calls for Passive Income 2

      10  Social Security vs. Income Investing

      Try Something New -Free PDF Download

      Sign up for Joshua King's Mailing List

      Also By Joshua King

      MILITARY FAMILY INVESTING

      Joshua King

      Home of the Free PDF

      www.militaryfamilyinvesting.com

      Selling Covered Calls + Social Security

      The Ultimate Retirement Combo?

      01  Selling Covered Calls + Social Security

      02  The Magic of Cash Flow

      03  Recipe for Wealth: Trading Long Strangles & LBYM

      04  Options Trading in Your 50s

      05  No Freaking Way I Am Working Another 25 Years Part 4

      06  Beat Housing Inflation with Dividends

      07  HYSA vs. CDs. vs. Treasury Bills vs. MMFs

      08  The Options Trading Debit Card

      09  Selling Covered Calls for Passive Income 2

      10  Social Security vs. Income Investing

      Free PDF Download

      PDF of the Month: Don’t Gamble with Retirement 12 (Free 460-Page PDF)

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      Financial Mindset: Become CEO of Yourself 2 (Free 196-Page PDF)

      Retirement Planning: Your Retirement Planning Guide 2 (Free 255-Page PDF)

      Investing: How We Plan to Retire on Dividends 4 (Free 139-Page PDF)

      Cryptocurrencies: Counting on Crypto 2 (Free 159-Page PDF)

      Real Estate: Financial Independence through Real Estate 4 (Free 112-Page PDF)

      Business: Retire Rich, Retire Comfortable with a Business 4 (Free 149-Page PDF)

      Latest DGWR: Don’t Gamble with Retirement 11 (Free 410-Page PDF)

      Everything!: The Biggest Book on Passive Income Ever 4! (book)(Web Edition)(Art Edition)

      Writer’s Comparison: M1 Macbook Air vs. GalaxyBook3 Pro 360

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      PDF of the Month: Don’t Gamble with Retirement 12 (Free 460-Page PDF)

      Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it.  I have no business relationship with any company whose stock is mentioned in this article.

      All Right Reserved Military Family Investing

      01  Selling Covered Calls + Social Security

      Going into retirement, the worst thing you can do is put yourself on a fixed budget. Conversely, establishing a budget is the best way to prepare for retirement. What’s the difference?

      When you live on a fixed income, someone tells you how much you have to spend. When you create a budget, you tell yourself how much you get. Being on a budget creates cash flow.

      Cash flow is the difference between income and expenses and is necessary to build wealth. Whatever income comes in, we must create a standard of living below that amount.

      Real Estate Investing in Your 70s

      Unfortunately, too many seniors rely on a fixed income from Social Security. They do not know how to generate more income, so they are forced to make do with what they receive. Is there a better way?

      Let’s create some income. My mom lives on a fixed income consisting of a small California pension, some rental income, and social security.

      On January 1, 2024, she gave me $5,000 to grow in the markets. I set my goal to earn 10% each year on this money. On Aug 24, 2024, I crossed the $5,500 mark. Therefore, I have another four months to juice my returns on this account.

      I grew this account using a combination of index funds, dividend ETFs, long strangles, covered calls, and cash-secured puts. It’s fun to play around because I know what I'm doing.

      505 Takeaways from 101 Books

      Most seniors do not have a son or daughter who is savvy in the markets. In fact, most seniors will not become hardcore options, day, or swing traders. However, you have time to learn if you are in your late 40s and 50s.

      We do not want to enter our 60s and depend solely on Social Security. Relying on selling shares in our 401 (k) will not be ideal, either.

      The key to life is income and cash flow. Wealth is having excess income versus expenses. With that definition in mind, we can become wealthy in retirement—if we do the math.

      The math of social security. How much social security will you receive? You can go to the ssa.gov website and

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