The Simple but Powerful Put Credit Spread:
Many traders think put credit spreads are risky to execute, but they are actually quite simple, and fully hedged.
Here's a breakdown to help you get started. 🧵👇
Top 7 jobs held by millionaires:
Surgeon / Physician
Entrepreneur
Executive
Lawyer
Investor
Accountant
Real Estate Agents
What is one thing you notice?
I rent out this 2019 Toyota Highlander for $120 a day and it costs me $586 a month payment and $134 insurance
I rarely see it anymore, it is always being rented.
It ALREADY has over $2000 in bookings for September lined up.
These are the worst performing stocks in the Nasdaq-100 this year:
$TSLA -69%
$META -65%
$NVDA -52%
$NFLX -52%
$AMZN -50%
$GOOGL -39%
Which would you buy for 2023?
Last week's passive income:
Dividends: $20.74
Covered Calls: $4237.95
Crypto Mining: $222.68
Rental Property: $967.35
Total: $5,448.72 USD
Here is where you can start:
8 cities I want to visit before 2030:
Paris, France
Bali, Indonesia
Maui, Hawaii
Rome, Italy
Cancun, Mexico
New York City, USA
Tokyo, Japan
London, England
What would you add to my list?
Best investors of all time:
1: Warren Buffett
2: Benjamin Graham
3: Peter Lynch
4: George Soros
5: John Templeton
6: Ray Dalio
7: Paul Tudor Jones
8: Howard Marks
What do they have in common?
Me in 2007:
- employed
- 86K salary
- 36K invested
Lost and wondering what I do
Me in 2017
- self employed
- 186K annual income
- 450K invested
Getting a taste of what is possible
Me in 2022
- self employed
- 480K annual income
- 1.6M invested
Focused and dialed in
$10K into 10 stocks, 10 years ago
Are now worth:
Tesla: 2,100K
NVIDIA:980K
Microsoft: 139K
Apple: 103K
Meta: 90K
Amazon: 84K
Google: 61K
J&J: 30K
Walmart: 27K
AT&T: 12K
S&P500: 35K
What sticks out to you?
I've interviewed 11 millionaires
Here are some commonalities across them
- Debt against appreciating assets
- Take volatility in stride
- Avoid consumer debt
- Most invest in stocks
- Many still have a 9-5
- All own real estate
- Work their ass off
- Don't like bonds
Top 10 states with millionaires
(% with 1M investable assets)
Maryland - 8.81%
New Jersey - 8.26%
Connecticut - 7.87%
Hawaii - 7.62%
Massachusetts - 7.18%
Alaska - 6.75%
California - 6.73%
Virginia - 6.64%
DC - 6.45%
Washington state - 6.38%
What’s the common denominator?
Got one of these?
I’m going to show you how this can make you $2.50 to $10.00 a day mining crypto.
My guide should be out next Saturday.
It will be FREE 📈👊
The richest man I know makes me feel like a million bucks when I’m around him.
He never belittles, complains or speaks ill of anyone.
He works hard and loves to involve others in his goals.
Today my passive income is $7.5K USD a month
But there was a time when it was $100, then $125, then $135
It takes time to build
It is the most empowering thing you can build for yourself
Then give the assets to your kids
I’ve made $10,967 selling $TSLA call options this year so far. On top, my shares rose from $714 to $752.
In this thread:
- I share how I do it
- My trade for this week
(with screenshot proofs)
- How you can get started:
I have invested for 19 years straight and built a net worth over $1.3M USD
Here are 7 lessons I would send back to my 2003 self
If you avoid my mistakes, you will be a multi-millionaire in 20 years, maybe less:
I’ve been investing since 2003
If I could send a message back to younger self:
- Index funds - buy monthly
- Passive income - focus here
- Covered Calls - master this trade
- Ethereum mining - get in early and hodl
This account is about teaching passive income
- Staking Crypto
- Mining Ethereum
- Covered call income
- Dividends from stock and ETFs
👉See my pinned tweet and get mining with your current Gaming PC 📌
I’m 44 and a millionaire
I ignored the doubts I had at 24
I ignored the doubts I had at 34
I nearly took my own life at 42
But my wife stopped me
Ignore the doubts and the self hate.
There is something beautiful just around the corner.
Go get it.
I’ve been investing since 2003
If I could send a message back to younger self:
- Index ETFs: buy monthly
- Passive income: focus here
- Covered Calls: master this trade
All 3 interweave together
Recent Stocks buys in Pelosi's Portfolio:
Dated as of Oct 5, 2021
$MSFT Microsoft
$RBLX Roblox
$AB AllianceBernstein
$AXP American Express
$NFLX Netflix
$PYPL PayPal
$NVDA Nvidia
Do you see the pattern?
I’m a Power Host on Turo and make between $4,000 to $9,000 USD a month renting my 6 cars out.
Here are the 7 essential items every host uses to maintain their fleet:
Best movies for investors:
The Aviator
Moneyball
Wall Street
Boiler Room
The Big Short
Trading Places
The Big Lebowski
The Social Network
The Wolf of Wall Street
The Pursuit of Happyness
What did I miss? I’m sure I missed one.
Top 10 colleges that have produced the most millionaires:
1 Harvard
2 Stanford
3 Wharton
4 Columbia
5 MIT
6 NYU
7 University of Chicago
8 USC
9 Cornell
10 Yale
Which one would you send your kid to?
7 movies for Entrepreneurs and Investors
1 The Pursuit of Happyness
2 The Wolf of Wall Street
3 Catch Me if You Can
4 The Social Network
5 The Big Short
6 The Founder
7 Moneyball
If I’m missing any let me know
The goals right now:
- Raise Active Income
- Raise Passive Income
- Survive this Bear market
- Retire into the next Bull Market
Get a Passive Income Take Over