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Welcome to the Wealth Building With Options Podcast with Dan Passarelli. This podcast is dedicated to making you a calm, consistent and confident options trader. Inside each episode, Passarelli, an options industry veteran, helps you avoid the common mistakes, pitfalls and misconceptions about options trading as a consistent wealth building activity. You will discover actionable strategies to build wealth using assets you may already own. With a primary focus on the traditional “Wheel Strategy,” Passarelli taps his 30+ years as a market maker on the Cboe floor and options educator for investment firms, traders and international governments to make the process simple, straightforward and effective. As a subscriber to the Wealth Building With Options Podcast you will gain the valuable insights only an experienced trader and educator can provide. You’ll discover the keys to making covered calls and cash-secured puts work for you as a consistent wealth building activity. Whether you are investing in an IRA, a fully funded trading account or are a hobby trader. This is the key to consistent income through options trading.
Episodes
Monday Mar 03, 2025
Ep2 - The Case for Building Wealth
Monday Mar 03, 2025
Monday Mar 03, 2025
In this episode, we kick off the podcast by tackling a fundamental question: Why should you focus on building wealth? Some say “money is the root of all evil,” but the truth is, money is just a tool—one that can help you achieve what truly matters in life. Whether it’s financial security, supporting loved ones, or pursuing your dreams, having more wealth gives you more options and control.
We also discuss:
- The real reason wealth matters (it’s not just about having more money).
- Why preferring more money to less isn’t greed—it’s rationality.
- How money isn’t just a store of value, but an investment in your future.
- The difference between wealth-building and gambling—and why the distinction is critical.
- How financial independence allows you to fund what’s important to you: retirement, education, travel, or caring for loved ones.
This episode sets the foundation for what’s to come, as we explore how to use the power of investing—especially options strategies like covered calls and cash-secured puts—to accelerate wealth-building.
Key Takeaways:
- Wealth gives you choices: More money means more opportunities to invest in what truly matters to you.
- Money itself isn’t evil—it’s a tool: How you use it determines its impact on your life and others.
- There’s a difference between gambling and smart investing: Strategic investing isn’t about chasing quick wins; it’s about long-term, sustainable wealth.
- You are in control: No one cares more about your financial future than you do. Learning how to grow wealth is the key to financial freedom.
- Mindset matters: Visualization, strategy, and a structured plan help transform financial goals into reality.
What’s Next?
In next week’s episode, we dive into how wealth is built in the stock market and the principles of generating alpha (outperforming the market). After that, we’ll explore derivatives, covered calls, and cash-secured puts—the strategies that can help you build wealth faster.
Resources Mentioned:
- Think and Grow Rich by Napoleon Hill – A deep dive into mindset and wealth-building.
- The power of leverage: How to work smarter, not harder, in investing.
- How financial planners operate and why most don’t use advanced strategies like covered calls.
- The Gnostic Gospels - "If you bring forth that which is within you, then that which is within you will be your salvation. If you do not bring forth that which is within you, then that which is within you will destroy you."
Join the Conversation:
What are the most important things in your life that wealth can help you achieve? Send me a message or connect on Substack (https://wealthbuildingwithoptions.substack.com)
Subscribe & Stay Tuned: Be sure to subscribe so you don’t miss the next episode on how to generate consistent wealth in the stock market!
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