Show Notes
I'm a little nervous and scared about this new podcast. I'm going to get personal, and that can be scary. But I want to share these things to help you! I believe that I can help you and I'm really looking forward to it. We're going to be talking about how to make passive income. I have three main reasons why I want to do this: Empower educators to take control of their lives and livelihoods. Talk about something people rarely talk about and make it easier for people to ask questions Show how it can be done, starting with just $200. My first thing that I did was just $200. Honestly, you could even start with nothing. That's very possible. But I started utilizing a strategy called Covered Calls in the stock market, because there was very little risk. Not zero risk, but very little. Learn more about that by taking my course for FREE here. So, let's dig into my passive income for month 1 (May 2022) I invested $400 and earned $51.42 in passive income through dividends and premiums on covered calls. I reinvested the bonus money to keep building up my nest egg. I want to hear from you! Shoot me an email with your thoughts at jethro at mybonusmoney dot com. Looking forward to hearing your stories and your success as well.
More from My Bonus Money
A lecturer challenges students to beat his investment performance by 20% for a shot at $10,000, then explains how he studies real-world signals and AI-era investment opportunities.
In this episode, Jethro Jones hosts Kenny Rose to discuss the unique opportunities in franchise investing. They talk about how FranShares allows people to invest in franchises with manageable capital, the differences between traditional franchise ownership and franchise investing, and the importance of local investment. They also explore typical return expectations, the types of franchises available for investment, and the democratization of alternative investments. Kenny Rose is the Founder of FranShares.com, which helps normal people invest in Franchises, especially at a local level, which is a super exciting way to think about investing. Franchising for every industry Franchise broker - helping people get started. Barriers to starting a franchise Can’t just write a check, and expect money to flow out the doors. Democratization of investing as a whole. Local investors. This is the most local investment you can make Different ways to earn on the Investment Cash yield - quarterly payments Net IRR - total return Target Hold - how long you should expect before the business is sold Need to make an educational financial decision. Franchising regulated by FTC. Transparency is necessary and mandated by FTC.
Learn how to get the guaranteed highest pension payout. Jethro Jones discusses the "Pension Maximization" strategy for school principals with John "Hutch" Hutchinson. Rather than protecting your spouse by choosing a reduced monthly benefit payment from your pension, you can instead calibrate a life insurance policy to guarantee you the highest monthly pension payout possible. Plus, you can also take extra tax-free income from the cash value as you go. Resources & Timestamps: Comprehensive article on how Pension Maximization works: https://bankingtruths.com/pension-maximization/
This is my report on June 2023. This was a really good month. They're not all like this. They're not all going to be like this. But it was pretty awesome. The stats are here: Total passive income for Month of June 2023: $11,362.17 Total money invested so far: $16,272 Total passive income for 2023: $15,932.79 Total Monthly rate of return: 69.83% Yearly cumulative rate of return: 97.92% Money withdrawn from the investment account: $3,600 This month was the first month that I withdrew money from the account for living expenses. That's the whole point, right? My goal is to live off of this passive income and be able to invest any money that I make.
Total passive income for Month of May 2023: $1,875.15 Total money invested so far: $16,272 Total passive income for 2022: $3,318.62 total Monthly rate of return: 11.52% Yearly cumulative rate of return: 20.39% Welcome to the My Bonus Money podcast, where I discuss how educators can make side hustle money. Today, I'll report on my passive income for May 2023 and share my new investment strategy using tips from mybonusoptions.com. In May 2023, I earned $1,875.15 in passive income with a total investment of $16,272 so far this year. My monthly rate of return was 11.52%, while my yearly return reached 20.39%. My current strategy involves following trade ideas provided by mybonusoptions.com to better understand investing and improve results. Not every tip works out as expected but learning is the goal here. For example, I tried an AMC long put trade idea which you can find in the show notes for this episode (not financial advice). The concept behind this strategy is creating a long put on AMC with a $6 strike price to potentially profit from a decrease in stock price while managing risk through setting stop losses. After purchasing and later selling the options contract at different prices ($1.01 when bought; $1.14 when sold), I achieved a return of 12.87% on the investment despite some losses along the way. To learn more about these strategies or try them yourself with paper trading before committing real funds, visit mybonusoptions.com/blog (delayed by seven days) or subscribe for real-time access at just $50 per month. If you want to start investing with only $200 and learn more about generating bonus money, download our free course at mybonusmoney.com. Please remember that nothing shared in this podcast should be considered financial advice—consult professionals for guidance tailored specifically to your situation.