Series: Reaching House Money Status (Part 3)
Reaching House Money Status - A 100% Return Is Possible Within 1 Year
‘House Money’ is known to gamblers as the point you reach where you have officially earned more than you bet. Bet $1,000 on the Blackjack table, win the hand, now you have $2,000. You can put your original $1,000 back in your pocket and continue to earn more money with the house’s money (the other $1,000 you won). Simple concept right?
What if I told you that this same example concept can be applied with your investments. There are a basket of funds that make this entirely possible nowadays and most investors are too scared to take advantage of it.
In order to build a second income stream, you need to erase the traditional ways of thinking about investing out of your brain for a moment. Stop focusing on the value of your investment and instead focus on the cash flows that your investments can produce. Building a second income stream isn’t investing. You are creating a way to take away from your dependence on a job’s income.
I broke this idea down in part 2 of this series.
Series: Building A Second Income Stream (Part 2)
In part 1 of this series, I discussed the foundation of how option ETFs can provide us with a large stream of supplemental income. I provided several example funds for readers to look at and dissect. If you haven’t read Part 1 yet, I suggest that you go back back and check that out as it lays down the foundation to why a supplemental cash flow is extremely valuable.
Reaching house money may come with varying levels of risk. So let’s take a look at two funds that you can utilize. Consider upgrading your subscription if interested.
Let’s start with something that can help you reach house status within a 1 year time span.
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