š„ The F.I.R.E Engine
How Iām Building a Passive Income Machine (One Covered Call at a Time)
Let me be straight with you:
Iām not a financial guru.
I donāt own ten rental properties.
And Iām not here to pitch you a course that promises freedom while I secretly make money selling you the course.
I work long shifts. Iāve got a family. And like a lot of people, I started wonderingā¦
āIs there a way to make money while Iām working, without gambling or babysitting charts all day?ā
So I started building something.
I call it theĀ F.I.R.E Engineāshort forĀ Freedom Income Reinvestment Engine.
And yeah, it might blow up in my face.
But if it works, youāll see exactly how I did it. And if it doesnāt, youāll get a front-row seat to my slow-motion financial faceplant. Either way, it should be fun.
š§ What Is the F.I.R.E Engine?
Itās a covered call strategy built for people who donāt have a ton of money but do have a bit of grit, patience, and Wi-Fi.
Hereās the recipe:
- Buy 100 shares of a stock (I started with $RUM).
- Sell a call option against those sharesābasically renting them out.
- Someone pays me cash (called a premium) for the right to buy them at a set price.
- If the stock goes up? I might have to sell them at a profit.
If it doesnāt? I keep the shares and the premium. - Use the premium to buy more shares, and repeat.
It’s not sexy. It’s not risky.
But it worksālike a snowball with a steering wheel.
š Why Itās Called an Engine
Because once it starts rolling, it feeds itself.
The shares give you the ability to sell calls.
The calls pay you in premiums.
The premiums buy more shares.
The new shares give you more calls to sell.
More calls = more income.
More income = faster growth.
Youāre not just stacking cash. Youāre building a machine that stacks itself.
And the more it grows, the less you have to do.
š Why Itās Safe(ish)
Thereās no such thing as āno riskā ā but this is about as calm as options trading gets:
- You already own the shares, so you’re not on margin.
- If the stock rises, you profit.
- If the stock falls a bit, you still collected premium to soften the blow.
- And if it tanks completelyā¦ well, then we cry together and restart the engine.
You’re not trying to beat the market. You’re trying to build your own paycheck.
šø What If Youāre Broke?
Good. Thatās where I started.
This isnāt for guys with private equity portfolios. This is for people who:
- Work 10-hour shifts
- Budget like their life depends on it
- Want to slowly claw their way out of financial dependence
You donāt need $10,000. You need enough to buy 100 shares of a stockāpreferably a cheaper one with solid weekly premiums (again, I use $RUM right now).
Even a $20 premium per week adds up when you reinvest. The key is:
Donāt spend it. Stack it.
Let the machine grow. Snowballs donāt start big. They start small and roll consistently.
šÆ Whatās the Goal?
Simple:
Replace my job income with contract income.
Not all at once. Not with risky bets. But piece by piece.
- $20/week
- Then $40
- Then $100
- Until one day, I look at my portfolio and realize I donāt have to clock in anymore.
It might take years. But if Iām going to be working anywayā¦ why not let my money work alongside me?
š What Youāll See Here
Every Weekend, I post my weekly logbook:
- What trades I made
- What premiums I earned
- Any rolls, mistakes, or reinvestments
- And maybe a meme or two to keep it interesting
I call these postsĀ āRUMblesāĀ ā because I started with $RUM, and it just sounded cooler than āF.I.R.E Engine Log #3.ā
If I change stocks later, the strategy stays the same.
The stock is the fuel.
TheĀ F.I.R.E EngineĀ is the machine.
š Want to Start Your Own F.I.R.E Engine?
If youāre ready to try this out, Robinhood is the app I use. Itās clean, free to use, and lets you sell covered calls without all the extra noise.
If you sign up with my link,Ā weāll both get a free stockĀ ā no strings.
Could be Ford ($F). Could be something random.
Either way, itās fuel for your engine.
š https://join.robinhood.com/ryanr886
Start small. Let it grow. Donāt overthink it.
š§Æ Final Thought
This strategy isnāt going to make headlines.
Itās not flashy.
But you know what?
Freedom doesnāt come from excitement. It comes from ownership.
I donāt want to gamble. I want to build.
Something boring. Something consistent. Something mine.
Welcome toĀ The F.I.R.E Engine.
Strap in, check the oil, and letās roll.
I want to try this out. Iāll be watching for your next post – like where do I start? What do I do? Iām not tech savvy and I donāt know anything about stocks and trading, etc.
But, Iām ready to throw a couple bucks in and see if it burns or grows.