My Bonus Money

Jethro Jones

Details

How can educators achieve financial independence? They do this by taking control of their money! In My Bonus Money, we share how to make passive money, side hustle money, and use your unique skills as an educator to make additional money. We'll talk with those who are just starting on the journey, those who are near the end, and everyone in between. Part of the Be Podcast Network.

Recent Episodes

AUG 18, 2024
Getting the Highest Pension Payout When You Retire
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/ Video example of Pension Maximization: https://youtu.be/dReUsxKJTFc Book a free consult about customizing Pension Max for you: https://bankingtruths.com/pension-max-schedule/ Podcast Timestamps 0:00 - Risk off money and how Big Banks invest their safe reserves. 4:00 - Intro to the Pension Maximization strategy 7:00 - How a Life Insurance policy can help you take a bigger pension payment 11:20 - Pension reductions for survivor benefits are just expensive "life insurance" policies that won't even pay your kids if both spouses die 18:10 - Only 4 possible outcomes when retiring. What happens with & without Pension Max? 23:58 - Where to find the money for "another bill" with this Life Insurance for Pension Max. 28:57 - Start with cheap term insurance as you build up to a full-blown Pension Maximization strategy 34:47 - Resources to learn more about Pension Maximization 37:01 - Take tax-Free supplemental income from life insurance like a Roth
37 MIN
JUN 2, 2023
May Income Report and My Updated Strategy Explained Episode 11
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. Or go to mybonusmoney.com/start to download the FREE course teaching you how you can do this too.
10 MIN