Spilling the tea on my options trading side hustle! And when I say SIDE hustle, I really do mean side hustle – I don’t spend hours and hours of my week on this. I check in maybe once or twice a day for 15 minutes max. Although I don’t place trades every day, on the days that I do I can usually bring in $400 or more.
OPTIONS TRADING STARTER KIT:
***ATTENTION: I have a new Instagram and TikTok handle @itsrosehan ***
That’s my official account, and I will NEVER message you about investment schemes, so please be careful and block & report any scammers posing as me.
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***BOOKS I RECOMMEND 📚***
I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)
The Little Book of Common Sense Investing (Jack Bogle’s classic advice on index funds)
InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)
Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)
Rich Dad Poor Dad (#1 selling personal finance book of all time… need I say more?)
Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)
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***MY FAVORITE MONEY TOOLS 🖤***
YNAB (I literally can’t live without this budgeting app, so obsessed)
Wise (like Venmo but for international currencies – I use this app a LOT for my life in Mexico)
High-Yield Savings Accounts (don’t settle for 0% when you can get 3%+ on your savings)
Ledger Nano S (crypto storage hardware wallet, because “Not Your Keys, Not Your Crypto”!):
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DISCLAIMERS & DISCLOSURES ❤
This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Investing With Rose is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. Thank you for your support!
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My $400/Day Side Hustle: A Lucrative Side Gig That You Can Try Too!
In today’s fast-paced world, finding ways to earn extra income has become a common goal for many individuals. Whether you’re looking to pay off debt, save for a dream vacation, or simply have more financial freedom, a side hustle can be a great solution. In my personal experience, I’ve discovered a side hustle that brings in an average of $400 per day, and today I’m excited to share it with you!
I stumbled upon this opportunity by chance and was initially skeptical. However, after some thorough research and a few trial runs, I quickly realized its immense potential. My side hustle involves buying and selling vintage items online.
Vintage items have garnered increasing popularity in recent years. People love the nostalgia and uniqueness these items convey, which often translates into high demand and attractive financial returns. The best part is that you don’t need to be an expert in antiques or collectibles; all you need is a keen eye for valuable items and the ability to research their market value.
To get started on this side hustle, I first scoured local flea markets, thrift stores, and estate sales for potential gems. Over time, I developed an eye for what was valuable and what wasn’t. Once I found an item that I thought had potential, I would research its market value on various online platforms, such as eBay or Etsy.
After conducting thorough market research, I would negotiate the price with the seller. Often, sellers at thrift stores or flea markets are unaware of the true value of their items, which allowed me to purchase them at a significantly lower price. This step is crucial, as it determines the profitability of your side hustle.
Once I acquired a valuable vintage item, it was time to list it online. Taking high-quality photos, crafting an appealing description, and accurately describing the item’s condition are essential for attracting potential buyers. Platforms like eBay and Etsy provide a wide-reaching audience and make it easy to connect with interested buyers from around the world.
To maximize the potential profits, I carefully strategize the listing price. Sometimes, I opt for an auction-style listing to spark competition among interested buyers, often resulting in higher final bids. Other times, I choose a fixed price listing to ensure a faster sale. Experimenting with both options helped me determine the most effective strategy based on the item’s value and demand.
It’s important to note that patience is crucial in this side hustle. It might take a few weeks or even months to find the right buyer for your item. However, the substantial profit potential makes the wait worthwhile. While $400 per day may not be guaranteed, it is certainly achievable with consistent effort and a bit of luck.
Apart from increasing my earnings, this side hustle has brought me immense joy and a newfound appreciation for vintage items. I’ve learned about different eras, styles, and designers, developing a passion for unique pieces of history. It’s fascinating how a vintage piece can hold so much character and evoke a sense of nostalgia in both the seller and the buyer.
If you are considering starting a side hustle, I highly recommend exploring the world of vintage items. It allows you to exercise your creativity, discover hidden treasures, and potentially earn a substantial income. Keep in mind that success in this side hustle relies on research, persistence, and developing an understanding of market trends.
Remember, every item has a story to tell, and with the right strategy, that story could also translate into a significant financial gain. So, why not give it a try? Who knows, you might just uncover a hidden gem that could bring in $400 per day!
I completed your free options course and I'm ready to learn strategies. Where is your paid course? I don't see it on your website.
No nails, her hands.
@MegaLmae
4 hours ago
This is fucking misleading! 1 000 dollars per month is not 400 dollars a day!!
Lol.
This is fucking misleading! 1 000 dollars per month is not 400 dollars a day!!.
So glad I accidently found you! I'm cautiously optimistic about selling options. I've been researching passive income opportunities for a while and this may be a good fit.
Hello! New subscriber here – thank you for your content. Out of curiosity – does the $400/day you make take into consideration the amount that you lose as well? Also am I dumb, I don't really understand what you mean by Selling Options – you still have to bid on the Option, right? Meaning outgoing capital instead of collecting it…?
How can 400$ a day can become a 1000$ a month?
Dont you have to have at least 100 shares of a stock to sell calls and puts?
Buying Puts and Calls on stock/future options is a higher risk strategy then buying a stock. Selling Put or Call options is even more high risk then Buying puts or calls. The options market is very technical; fully understanding things like options delta, expiration dates, buying above or below the strike price, covered or uncovered puts and calls, types of Options strategies (straddles, strangles, condor, butterfly and more), etc. is very important. Be very careful. People who encourage others to Sell puts and calls through courses have gone to jail (Wade Cook) for misleading unsophisticated investors who complain to the SEC and CFTC.
Why is this a side hustle? She trades options all the time as part of her main income unless i misread her other videos. And went from 400.00 a day to 1000.00 a month? So how did that happen? Tell the truth how often do you trade, if thats 3 or 4 days a month then that makes sense but no one would believe that unless you had another full time job.
Curious!
One of the problems in buying call options is that if the price of the underlying doesn't rise or it falls, you have just lost the premium you've paid, and you don't own shares, whereas if you do own shares, at least you still have those – and those can go up later. Another issue is that let's say you're looking at Amazon for November – just to purchase one OTM contract is close to $2,000. Stock goes down, you're out $2,000.
This actually sounds amazing. But, wouldn't you need at least a margin account to some degree, or enough money to buy a stock if the contract on the other side is exercised? Not sure how that part would work. ^_^;; Any explanations are welcome (if I missed them, I'll go watch those videos or rewatch this one).
BS this woman has no proof that she makes money other than you watching this crap
If you sell option derivatives on weeklies youre gonna get crushed. The market isn't free money
what is your real instagram and your real facebook, ive been seeing alot of scam accounts, cant tell if its the real you
what is the buying power effect to get those $400 premiums? I have a tiny account so can't afford to have too many options on
Also when you buy a stock and the stock value goes down you can still hold and eventually the stock may recover and go back up again so you lose nothing. If the option expires out of the money, essentially meaning the bet you made was wrong, then you lose what you paid to play that position. There is no holding or recovering from this, so be ware.
I think she's putting the information out there for those people that have never heard of options trading and she is planning to go into depth explaining how it works. It's up to whom ever sees this information to decide if they're up for the risk. The only thing I do have to say is she mentioned selling options as a way to make money? But she doesn't mention the risk and the obligation that goes along with selling options (writing a call). You have to hold the underlying asset in case the option is exercised. Essentially you'll have to buy the stock with your own money and hand over the stock to the person who bought your call option and exercised it.
How?
thanks for all your content! can you make videos explaining tax implications for each type of passive income idea in the future (if you didn't already?; if you did please help me find those videos) tnx
are you not trading with a chart? I mean, you buy the right to sell the option and wait and sell it on a specific day within the 30 days before it expires? Or do you trade them i.e. with tradeview in a chart?
Selling options your loss is unlimited so risk management much more critical than buying options. Buying options you need the market to move the way you expect in the time you expect. Selling options you need the market to Not move within that timeline.
How to do a sale option?
This is GREAT!
Rose I may be missing something but when was AMZN at 3,450/share ? I own some shares and going back on the history it doesn’t appear to ever get over $100/share
Hi Rose, Is this still a profitable option given the current financial global climate? Thanks.
Investing on what?
THANK YOU SO MUCH!!! I have not been able to wrap my head around how options work until I watched THIS!!!!!!!!!!!!! You are the woman ROSE!!! I finally get it now and appreciate you!! You are the greatest!!
Don't do it. Unlimited loses if you short it wrong
Options trading requires enormous discipline and even more enormous preparation. To call it a "side hustle" is glib and irresponsible and most people, 99.99% will lose money. It would be better to encourage people to learn technical and fundamental analysis. It takes years to master that alone, say nothing of options trading. Absent that, it's just peddling financial freedom.