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Rich Habits Podcast
Q&A: Doubling My Income, Life Insurance, and SEP IRAs
Mar 14, 2024
The hosts answer questions on doubling income, life insurance, and SEP IRAs. They discuss asset appreciation, strategic financial planning, life insurance as protection, wealth-building strategies, and investment wisdom. Insights are shared on managing income increase, debt payoff, cryptocurrency investing, and building investment portfolio.
44:45
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Quick takeaways
- Enhance passive income by selling covered call options on index funds with low delta options.
- Transitioning to a higher income requires maintaining a frugal lifestyle, clearing debt, and strategic investing.
Deep dives
Maximizing Investments Through Covered Calls
Selling covered call options on index funds like QQQ and VOO is a strategy to enhance passive income. By selecting low delta options, the probability of retaining investments is high while earning additional returns through premiums. This approach, especially with significant share holdings, offers a method to augment investment returns.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode