How to Replace Your Income and Quit Your Job

Below is the LEAPs investing flowchart as presented by Hooper and Zalewski in their book, Covered Calls and LEAPs, A Wealth Option. While covered calls in the book are designed to deliver returns of 3 to 6% per month or approximately 50% a year, LEAPs investing is designed to deliver monthly returns in the high single digits to low teens. What this means is that an investor can expect returns of approximately 100% per year or a payback period of 1 year. An investment of $50,000 results in income of $50,000 per year. An investment of $100,000 results in income of $100,000 per year.

Does this sound too good to be true? Some things that sound too good to be true are true. In order to separate the wheat from the chaff, you have to do your homework, stick your toe in the water and find out. Nothing great ever happens until you take action. Ready, fire, aim. If it doesn't work, readjust your aim.