I too am amazed by the posts saying how many millions are needed to retire. If I have to have several million I will never be able to do it. But in reality in a few years I can collect a pension and will have my house payed off. With that and a half million or so I will be fine. Will collect Social Security in a few years after that and can cut my withdrawal from my savings. If I am a little short wife and I can work a little part time.
Many people don't even live till they are 60 so wait too long and you will have plenty of money. Dead people don't spend much.
And young people that are going to be multi millionaires in just a few short years with their plan. Well, haven't seen that work out very often. Too many things can happen that you don't have any control over.
I don't know anything about covered calls or any thing like that. But I saw the word "leveraged", leverage works both ways. When its against you, you go broke faster! Those kind of things work until they don't and then its too late for you.
Many people don't even live till they are 60 so wait too long and you will have plenty of money. Dead people don't spend much.
And young people that are going to be multi millionaires in just a few short years with their plan. Well, haven't seen that work out very often. Too many things can happen that you don't have any control over.
I don't know anything about covered calls or any thing like that. But I saw the word "leveraged", leverage works both ways. When its against you, you go broke faster! Those kind of things work until they don't and then its too late for you.