Options Trading For Financial Freedom

Recently, I got a lot of people asking me if it is possible to achieve financial freedom through options trading alone. It seems like financial freedom is not only becoming the new American Dream, it is fast becoming the new dream for people around the world. As an options mentor and financial expert, I am reluctant to give a positive reply to such a question due to the fact that I always advocate diversification and creation of residual income as a means to financial freedom.

However, I did give some thought to the question of options trading for financial freedom and I realized that it is indeed possible to attain financial freedom through options trading alone IF (and that is a BIG if) you are at least an extremely experienced and knowledgeable options trader.

First of all, financial freedom takes a strong source of residual income. How does one produce a source of residual income sufficient for financial freedom? You do that through producing reliable, consistent monthly income without having to work for it. So, how does trading options help you achieve that?

In order to release residual income strong enough for financial freedom, you first need a sizable fund which most beginners or people who simply want financial freedom doesn’t have for a start. This is where the leverage of trading options comes in. Through leveraged swing trading using a small fund, options trading give anyone with only a small amount of money a shot at building a big fund quickly. This will take a proven options swing trading system, consistent and disciplined trading as well as good technical analysis skills. You will need to be able to consistently and accurately determine the outlook on a stock or asset and then be able to choose an options strategy that is best designed to optimize the return on investment on such a move. When done properly, it is possible to quickly multiply a small fund into something sizable. And yes, it is not going to be easy, especially for the beginner, to get such analysis and choice of options strategy right all the time, every time. As such, building a sizable fund through options trading does require good options education and guidance.

Once such a sizable fund is achieved, this is when you can release residual income from your fund for monthly income using options strategies such as the “Covered Call” where you simply sell out of the money call options on a stable stock you buy using the money you made from the previous aggressive trading phase. The income received from the sale becomes sizable enough for financial freedom if you have a big enough fund size. For instance, KO shares are selling at $60 now with its near month $61 strike price call options trading at $0.40. If you could buy 10,000 shares of KO for $600,000 and then sell 100 contracts of its $61 strike price call options, you would make a total of $4000 for that month without doing anything extra! If KO remains below $61 by expiration, you simply keep the $4000 and then sell some more call options next month! If KO rallies above $61 and becomes assigned, you not only make that same $4000, you get extra profit on KO rallying from $60 to $61! Then you simply buy some more KO shares and then do the same month after month for residual income.

See how easy it is to achieve financial freedom through options trading if you have a sizable fund which the leverage of options trading allows you to build?

Yes, it is possible to achieve financial freedom through options trading but it is going to take skill, knowledge and some luck to achieve the initial fund size. But, if you already have $600,000 and can live off $4000 a month anywhere in the world, then hey, what are you waiting for? Financial freedom through options trading is awaiting you!

Financial Freedom – What It Is and What It’s Not!

Throughout history freedom and independence has almost always come about through struggle. And even though this fight for “financial freedom” is not a struggle of flesh and blood, it is, none-the-less, a very real struggle that demands strategies, discipline, and sacrifice.

So just what is Financial Freedom, and is it worth fighting for?

First off, asking if financial freedom is worth fighting for is like asking if peace of mind is a desired state. Of course it is! So just what is it? Is it the financial place where you are free from all financial responsibilities… ? Or the money position where you have all you’ll ever need? No it’s not that at all. In fact “responsibility” is the core of this freedom.

So, for our purposes, financial freedom is a financial mindset and monetary position where money worries are at a minimum, and ease of purchasing what you want and need is easily and responsibly accomplished. Above all it means having income enough to sustain the desired lifestyle. This occurs when the income from all your assets exceeds your expenses.

It also means that for some people, no matter how much money they have, they will never attain financial freedom because they don’t have the desire or the discipline to obtain it. A person earning $100,000 per year and spending $110,000 is in a much worse financial situation than a person earning $75,000 and spending $70,000. One core principle of financial freedom is to spend no more than you have coming in… and preferable less. Complacency, and surrender to the “wants” more than to the “needs” are hallmarks of the financially oppressed.

So how do you win the battle for financial freedom?

In most battles, be it chess, video games, life, or actual war; victory takes planning and implementation. In chess you may give up a knight to trap a queen… or in war, exercise a strategic retreat in order to win the war. So it is also in this battle for financial freedom. For most of us to be successful in this endeavor, it will become necessary to sacrifice some of our immediate wants and desires in order to reach the stated financial goal.

There are three major components to this battle:

The first is strategy… or developing a plan. Debt free (how to become), post debt free plan… You must responsibly manage what you already have. Remember the big three: planning, dedication and discipline!

List all income and expenditures. Honestly determine what is needed for the absolute essentials… commit that amount of your income to that use, and with what is left create a plan of attack for eliminating all credit debt.

Start by gathering and listing all credit debt… credit cards… department store accounts… any reoccurring monthly debt. Examine the accounts and list them according to interest rates. Choose one of the top interest rate accounts as the one to attack first. Make minimum payments on all of the debts except the one you have chosen, then put all available funds toward eliminating that debt.

When the first debt is eliminated, choose the next debt to eliminate and put all available funds until it too is eliminated. Continue this process until you eliminate all of your debts. It may seem slow at first, but you can see the snowball effect that this will create… the last bills will be eliminated pretty quickly

A Very Real Caution

As you begin to eliminate your debt, do not fall back into the trap that got you in this fix. That is, don’t think that now that you don’t have any debt you can go out and get that “whatever” you’ve been wanting. At this point you have only succeeded in winning the first battle for financial independence. The war is now where over… STICK TO THE PLAN!

So, when all your credit debt is gone, the money you were using to pay them is now available for sensible investing… which is part of the next step.

Hopefully, in accomplishing the elimination of your credit debt, and not succumbing to the temptation to spend, you have made the psychological changes necessary to initiate the next phase… This change in attitude will enable you to truly succeed in the battle for financial freedom. Begin to build wealth by doing two things… first by continuing to tap into your new found discipline, spend less that you have coming in and make some low risk, long term investments.

It is important to note that the more success you have in this endeavor the less vulnerable you will be to financial misfortunes.

Financial Freedom Plan – The Wonders of Investment

In general, financial freedom comes the moment that you no longer need to work hard in order to have money. It basically refers to an individual’s passive income that supports his daily needs. This is where the importance of financial freedom plan comes in.

It consists of investments that will help an individual reach freedom from financial constraints. Passive income, generally referred as investment, is the most practical way to do that. Let’s say you have a passive income of $75,000 per year or basically $6,250 per month and 10% is generated from the ROI.

A capital of $750,000 will make you achieve your financial freedom. That is how simple a basic analysis of financial freedom plan is.

This plan for passive income is easy for those who are already established in their finances even for a little. However, it poses difficulty to those who have no experience and those who have no means of financial support. In reality, it is not that difficult to carry out even for those without capital for a starting point.

All one really needs is financial education and a portion of his savings. Starting out little by little may eventually lead to the financial freedom that you so dreamed about. This comes with a lot of self discipline in managing the finances for the investment.

You will actually need to invest and reinvest in order to acquire more capital for a bigger investment or an expansion. However, self discipline alone cannot do the trick immediately. Although it will, it will take longer than you would want it to take.

For this reason, a thorough financial freedom plan is needed to be able to reach your goal.

There are people who do not live luxurious lives yet do not worry about money as much as those who have lavish lifestyles. Neither of them might have the financial freedom that we all need. The simple person might take 75 years to reach a capital of $75,000 from a $1,000 yearly savings.

This saving, I might add, is also not an assurance that a 10% return of investment will be generated. The lavish person, on the other hand, may have the money on hand for the capital, but may not be using it wisely. Neither will achieve financial freedom without the necessary financial knowledge needed in order to come up with a financial freedom plan.

Without financial education, an individual will have no background or solid basis of how to deal with his finances. He may be living a simple life with little to no debts but will be working all his life to support his finances.

On the other hand, he may also be living a luxurious life but is full of debts because of mismanagement of resources.

As such, here are tips that you should keep in mind upon making your financial freedom plan:

1. Do not set up a very high target for passive income when you are still starting out.

2. Focus on self discipline in order to increase your monthly savings.

3. Gain more financial knowledge in order to help generate higher return of investment.

4. Make use of self discipline in relation to your gained financial knowledge.

These easy steps will help you become financially-free faster than when you are working as a simple employee. May these tips make your journey faster and more worth it.

Financial Freedom Resources

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Money – 4 Things You Must Do With Your Money to Achieve Financial Freedom

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7 Tips To Achieve Financial Freedom

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