I quit my job about six months ago. 36m, married, 2kids + 1 on the way. My savings consist of a good chunk of Bitcoin and a decent portfolio of 400k USD.
I won't retire as that seems a boring thing to do. I'm working on some passion projects, starting a few businesses (planting seeds).
All I want is financial independence. Do whatever I want. Here is what I've been doing for the last months.
I use about $200k of my current portfolio to sell puts and calls.
This generates income with the only risk being that I cap my upside. Since we only need about $ 1,000 per week, I can run a low-risk strategy.
I spend about an hour a week researching and executing trades. I trade in assets that I wouldn't mind holding long-term anyway.
Is anyone else doing this?
Am I financially independent?
byu/ffstrauf infinancialindependence
Posted by ffstrauf
1 Comment
No, you are not financially independent. No, puts and calls are not a sustainable way to live and support yourself let alone 2 adults and 3 kids.
Good luck and God’s speed friend.