The main goal of this site is to show that you can earn easy income through dividends and safe option strategies. Before we dive in, let me make one thing clear: this is not financial advice. This blog represents my opinions about money, investing, and lessons learned along the way.

This post was originally written on October 24, 2020, marking the beginning of my journey to learn and master options trading.

I’ve been a dividend investor for many years, focusing on buying and holding solid companies and Exchange-Traded Funds (ETFs) that pay reliable dividends. My investments typically earn between 3% and 4% annually, providing a steady foundation for my portfolio.

About ten years ago, I decided to explore ways to earn additional income and started dabbling in covered call options. For most of that time, it was the only options strategy I used. I had decent success—most of my options expired, though occasionally, shares were called away. Earlier this year, however, I ran into a challenge. Several of my covered calls on KO (Coca-Cola) were unexpectedly assigned, leaving me frustrated and realizing I needed to improve my understanding of options.

Around the same time, the pandemic affected my consulting income. This led me to a pivotal question: Could I replace my lost income with safe options strategies alongside my dividend income?

Determined to find an answer, I began diving deeper into options trading. I realized I had been approaching things the wrong way and didn’t fully understand how to use options effectively. My research showed that some investors were earning impressive income through options—doubling their dividends or even earning around 1% of their portfolio value monthly. While some of these strategies felt too risky or complex, I decided to create a more conservative approach tailored to my goals.

I’m thrilled to share that by August, after refining my strategy, I set an initial goal to earn $1,000 in monthly options income. To my surprise, I reached that goal in the very first month! Now, I’m on a journey to replace my consulting income entirely and help others learn how they can do the same.

This blog will chronicle my experiences step-by-step, offering insights and actionable advice for anyone looking to earn easy income through investing. Along the way, I’ll share my plans, strategies, and results.

Here’s a snapshot of where I’m starting:

• My dividend portfolio currently generates around $3,200 per month.
• Over the past decade, I’ve earned an additional $200 per month using covered calls.
• With my new options strategy, I’ve added another $1,000 per month to my income.

Upcoming posts will cover the basics of dividend investing and options trading in simple, easy-to-follow terms. If you’re already experienced, you can skip ahead to my Month 1 review post, where I break down my initial results and strategies.

Thanks for joining me on this journey. Together, let’s learn, grow, and build wealth—one step at a time.

Best,
Uncle Jim

 https://easyinvestingincome.mykajabi.com/blog/dividend-income-investing