Відео

Increasing income is where the vast majority of people need to focus their time/effort. Decreasing your expenses far below what the median HH spends to force a high savings rate is incredibly constraining and will likely lead to a miserable FIRE journey and a life not well spent during your best years. Definitely trim your budget to eliminate wasteful spending, but building high value skills is the king maker. There are a lot of teachers out there living pretty comfortably in their 60s, but not very many retiring early in their 40s!

Great video as always and I enjoy your passion for this subject. I’m very in weeds of my own plans for potential early retirement. Curious if there’s any groups or areas on Internet you frequent that discuss this with others in same boat outside UA-cam? Looking for some “real” people to discuss this with as I don’t have anyone else in my life that’s in same boat.

Tastyworks has a good backrester if anyone’s interested. Instead of looking at a covered call, backtest purely the short call. That’s your alpha. Planning to sell the 5-10 delta and only when the RSI is 50-80. Learned my lesson during the Covid crash. No rolling calls down. If there’s no premium, there’s no premium. Wait for the recovery and if you absolutely must do something calendar spread or put vertical based on vix.

What about doing in a strategy completely opposite direction. Like buying a call at a strike where you would sell a cover call?

My PERS pays 70% of my highest 3 years, so my goal imwith the 457b is to cover the rest of the 30% as much as possible.

Could you create a sheet that holds realtime option quotes?

Great vid, I appreciate you

Thanks! Does the download include instructions to refer to as well?

I did this for a little while. I only stopped because I am using multiple strategies - admittedly probably too many. I will probably revisit this approach. 1. Maintain more than 100 shares to sell off when profitable. 2. Sell 0dte calls 3. Buy back on drops. 4. Sell weeklies if I don't want to actively manage. 5. Scale back in on drops. You did quite well. You beat the spy average increase, no? A by a lot, right? GL!

Great video, and good conclusion, I think. I'm 52 and have picked JEPI, JEPQ, and TLTW as my "three-legged" income generating ETF portfolio.

I’m a big fan of the NEOS funds. I hold QQQI and BTCI alongside my QGRW and IBIT holdings. I outsourced all my call writing and now just focus on put writing instead. Opportunistically when the market or individual companies are oversold. For anyone in the pre-FI accumulation phase, I’d just recommend owning SPY and QQQ and worrying about income and de-risking with cash/bonds as you ramp toward FI. I’m in my early 40s and we’ve already won the game so I’ve adopted a more conservative, less volatile asset allocation. We still get most or all of the market returns but with a lot less volatility and a lot more passive income. We also have a rental real estate portfolio that provides an additional income stream. 👍🏻

I imagine the unnecessarily micromanaging karen bosses and HR have been seething since everyone left the office.

Employers can't keep their employees off social media while in the office... I can only imagine when they are playing from home..lol Gmi can tell whose working from home just by the time it takes to answer an email... In industries that pay people based on results and sales and not hourly I agree that they can work from home. No sales...no pay

My office just went more remote not less

People work from home, but take short breaks for various reasons. But they work 8 hours. I have no doubt I could have been more productive at home. Anybody who works in a federal office realizes this. If employee productivity is measured for employees working at home, that is something that will not happen at the office. Elected officials do not work 8 hour days at the office.

That's the thing about dreams. Eventually you have to wake up.

why would a company pay for an office building when you can do everything except manufacturing from home

Dude! I thought you were going to bash remote work. Thakn you for this!

If your job doesn't mind your doing personal things while on the clock, then that's fine, but if you are on the clock, then your attention should be on your job. In my working years, far to many didn't do that, so it ruined it for all of us. I will add that "in the office" is important for collaboration, good collaboration. Feeling part of a team is developed much better in an office, but I guess that also depends on what the job is.

Using the assignment example - this typically happens at a later date and by that point you will have a bunch more trades entered. When assigned, do you just go back and insert a row below the original contract? Thank you

My sister in law works from home 4 days a week. She does her job. But she also goes food shopping. Does laundry, and stuff like that. Some people don't like that.

Love this spreadsheet. Made journaling easy. Maybe in a newer v2 could have a column that auto calculates W/L % once a trade closes. To show win/loss % for month/year total.

Nice video and commentary man

working from home is beneficial happier workers are healthier workers so less on yalls medical crap working from home reduces the need for child care baby sitters etc so your worker can save more to eat better to be healthier also working from home saves on gas car repairs transportation and smog hence beneficial for the environment and budget since those office workers dont get paid enough to put a meal on the table no more as most of their money goes to rent bills kids cars whats left i thought slavery was over with apparently not yall still try to control when we poop when we sleep what we eat and at the end of life not even enough for a funeral or grave as you took it all i mean come on wake up working from home is the prize for both situations and global as well we still your slaves just happier healthier more beneficial more productive if you like wasting money on medical crap early deaths stress illnesses and want to kill off whats left of the earth then push your office crap on people that slave for you for not even a penny when its all said and done

So trump is working from the white house right? Not in his home. Not in the gulf course.

Americans voted for Mr. Chaos. Let them have it.

Agree, working from home a least a couple days a week is a must for me. I'm not sure how common that will be in a decade from now though.

Great job!!!

Thanks! Excellent format and very easy to follow. I appreciate the effort.

doing too much w the edits! otherwise enjoying your content

I put $100 dollars in my Roth 457b every month, I can’t afford to put in the maximum but $1,200 a year is better than nothing…

I'm almost 50 years old and keeping an eye on Trump's latest moves. It's not looking good and considering pulling my retirement out early. What do you think?

Couldn’t agree more with all of this, thank you!

Nah. My employer is an SP500 company and already consolidated multiple offices into just a few now. Even if they wanted, it would be impossible to go back. Maybe the new generation of workers will gradually come back to office but I will be retired by then 😀

this is crazy only 1000 views, i watched through the whole video fully engaged and this deserves millions fr. im 18, waiting for an interview to get a job so i can contribute AMAP to Roth Ira.

What normal person can save 50% of their income? let alone for an extended period of time, unless you have no expenses and live in your parents bsmt.

I dont know when they added it but you dont have to call. There is in fact an online form. You have to logon on the website though, not in the app.

Am I able to track trades as part of the options wheel strategy with this spreadsheet? If so, how would you recommend I do this? Maybe a completely separate tab? Thanks!

New to FIRE? What questions do you have? And for those well down the path already, what were the first steps you took?

Thanks!

I don't think I'm planning on retiring until close to 50. I'm 31 now (single), should be able to hit 2-3M$ by 50 (inflation adjusted). At about 250k currently (200k post-tax). Just got semi-lucky early on, picked a good major in college (Computer science) was getting paid to go to college after sophmore year because I had a perfect GPA and graduated with a 4.0, got a unique business opportunity immediately out of college, basically made over 90k immediately out of college, close to 150k now. May retire from my 9-5 in 2-3 years once my alternative income reaches about 120k/year. Most of the work is just seasonal automation so licensing the software and during the summer I'd basically be on vacation the whole time. It gets easier to sacrifice today for tomorrow, especially the closer you get to your goals and you see they are obtainable.. Early on you really just have to trust the process.

Thanks!

It’s hard when you’re single. Where did you meet?

Thanks!

The struggle with keeping up with the Jones is the US is real. I moved to Sweden, in part, to get away from that, and that’s made a huge difference with my mental wellbeing. They are a lot less materialistic here, which takes off a lot of pressure. Are you still trading options?

Lifestyle is tough for sure. We've been pretty good for almost 20 years but our expenses have gone way up just due to kids and inflation outpacing my wifes salary. Plus 2.5 years or mat leave, college fund saving etc. I'd say two kids has pushed retirement back at least a decade.

Thank you!!!

Thanks a million, just what I needed 🤩

Thanks!

Hello, and thank you mr. Duke. I really like this concept and your ideas and functionality tips are well explained. Is there a way to input data from a downloaded transaction history into these spreadsheets? The time required to enter each transaction is quite tiresome and I would be willing to pay for a service that integrates the raw data comes out of our trading platforms.