All of the qualities necessary for getting rich start with financial education, so this episode answers a listener's question, “Can Andy explain Options for newbies?”
In a nutshell, professional investors use options to create income when they find a stock they want to buy, they set up options trades to lock in the price they want to buy it for. These options also create income for them until they actually buy the stock. As an added bonus, the options also protect their risk exposure just like insurance. If the stock price moves the wrong way, they will still get paid.
Listen as Host Greg Arthur and Rich Dad Wealth Expert Andy Tanner explain what options trading is, and how to cash flow the stock market.