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@vlemon "### My plan to become rich * Job pays for monthly ..." by vlemon

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hive-167922 · @vlemon ·
$0.12
@vlemon "### My plan to become rich * Job pays for monthly ..."
### My plan to become rich
* Job pays for monthly expenses, retirement, leisure and healthcare
* Play Poker and earn $4k/month
* Invest monthly in my Brokerage account in MMF (4.5%Y). Use this collateral to sell PUTs on stocks I like.
👍  , , , , , , , ,
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vote details (9)
@badbitch · 
You just casually said "play poker and earn $4k/month" :)
👍  
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@vlemon ·
@vlemon "I currently live in a very high cost of living are..."
I currently live in a very high cost of living area so $4k is a good amount of money but not as much as in 95% of the world and if I play poker 35 hours a month, I think I can achieve this consistently.
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@behiver ·
$0.03
@behiver "You must be an amazing poker player... are you? :)..."
You must be an amazing poker player... are you? :)
👍  ,
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vote details (2)
@vlemon ·
@vlemon "I like to think of myself that way! Probably just ..."
I like to think of myself that way! Probably just a good recreational player. I do have a job to pay for my bills though :).
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@ciskodisco.opus ·
@ciskodisco.opus "Thats Sounds like a good plan .!! ..."
Thats Sounds like  a good plan .!!
👍  
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vote details (1)
@monkmasters ·
@monkmasters "Work the plan! Tweak the plan as needed. 😜 ..."
Work the plan! Tweak the plan as needed.  😜
👍  
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vote details (1)
@vlemon ·
@vlemon "Indeed! Then I 20x my money yearly and I become th..."
Indeed! Then I 20x my money yearly and I become the richest man in under 2 decades!
👍  
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vote details (1)
@vlemon ·
@vlemon "To add on Number 3. I started in March 2024 with $..."
To add on Number 3. I started in March 2024 with $15k in Money Market Funds to use as collateral and during these 7 months, **I earned more than $4k selling PUTs and buying one call** (+26% Performance). 

I got lucky so far and I understand a big market crash could wipe a lot of the performance Year To date but I do have risk controls in place.
👍  
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vote details (1)
@solving-chaos ·
@solving-chaos "I like the option play to hedge and reduce the ris..."
I like the option play to hedge and reduce the risk.
👍  
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