Road to a Million · Mr & Mrs Wheel Deal · Episode 01
THE BUSINESS PLAN
A brand-new joint account. A hundred dollars on day one. One destination: $1,000,000 by 2032. Before we sell a single put, we're doing what every real business does first — writing the plan. Because a portfolio isn't a pile of trades. It's a business. Today, you watch us incorporate.
Wheelers Academy · Road to a Million
The Format
01
The Mission
goals with deadlines — or they're just dreams
02
The Capital
seed money and the funding engine
03
The Strategy
the covered strangle, start to finish
04
The Rules
risk doctrine & how two partners decide
01 · The Teaching · Why portfolios fail
Most accounts aren't businesses. They're hobbies with losses.
No deadline
A DREAM
“get rich someday” is not a goal — a goal is just a dream without a time limit until you give it one
No funding plan
A WISH
businesses have capital plans; hobbies have whatever's left over at the end of the month
No written rules
A MOOD
if the strategy lives in your head, the strategy changes with your feelings
Today we fix all three, on camera, for a real account with real money. Mission, capital, strategy, rules — the four pages every portfolio business plan needs.
01 · The Mission
“A goal is just a dream without a time limit.”
The goal
$1,000,000
net liq in the joint account
The time limit
2032
the same deadline as the family office's $100M North Star — two roads, one clock
The method
COLLECT 2 CAPTURE
same doctrine as the big book — ten thousand times smaller, zero excuses
Why match the deadlines? Accountability. The $100M road and the $1M road run on the same doctrine — if the method is real, it has to work at BOTH ends of the scale. You get to watch us prove it, or watch us eat it. Either way, you learn.
02 · The Capitalization
Seed capital: the honest ledger
| Source | Amount | Status |
|---|
| Day-one deposit | $100 | FUNDED — the screenshot is framed |
| JP Morgan transfer | ~$75,000 | the initial pump — incoming |
| Additional capital | ~$25,000 | being rounded up |
| tastytrade transfer | ~$50,000 | moving over |
| TARGET SEED | ~$150,000 | the full tank |
Why the full $150K matters — the math is brutal and honest: from a $75K seed, hitting $1M by 2032 requires ~34% a year, every year. From $150K, it requires ~25%. The size of the seed decides how honest the deadline is. Fund the tank first.
02 · The Funding Engine
$2,500 a month, every month, no debates
Monthly deposit
$2,500
from personal cash flow — payroll for the business, automated so it's never a decision
Total contributed by 2032
~$330K
$150K seed + ~$180K of monthly deposits
The split
1/3 : 2/3
we fund a third of the million. The business earns the other two-thirds.
The deposits do double duty: they're fresh buying power every month AND a built-in dip buyer — cash that shows up on schedule whether the market is sunny or storming. The family office calls it dry powder. Here, it's called payday.
02 · The Math · $150K seed · $2,500/mo · ~25% per year
The road, year by year
| Checkpoint | Target net liq | The story at that mile marker |
|---|
| End of 2027 | ~$225,000 | the machine's first full year — prove the kiln works |
| End of 2028 | ~$315,000 | first six-figure year of growth |
| End of 2029 | ~$435,000 | the account out-earns the deposits for good |
| End of 2030 | ~$580,000 | past half — compounding is driving now |
| End of 2031 | ~$770,000 | the home stretch |
| 2032 | $1,000,000+ | the North Star, junior edition |
Say the quiet part: ~25% a year is an ambitious target — the market won't hand it over, and some years will miss. The covered strangle on high-conviction names can gross more than that; the whole game is keeping it. Collected is not captured — at $150K exactly like at $19M.
03 · The Strategy · The covered strangle
One structure, three paychecks
The put side
GET PAID TO BUY
sell puts at prices we'd celebrate owning — assignment isn't a loss, it's the plan working. This builds the bag
The shares
THE LOAF
the position we're building on 2–3 names we strongly believe in. Premiums are bread crumbs — capital appreciation is the ENTIRE LOAF
The call side
GET PAID TO WAIT
sell calls above our shares at prices we'd happily deliver — rent on the upside while the bag grows
Two or three underlyings, maximum — chosen by the Six M's, not by the chat. Every name earns its seat the same way the big book's horses did: Moat, Management, Market, Money, Movement… and the Main M — can WE manufacture the win on it at OUR size?
04 · The Rules of the Business · Written down, out loud, in advance
The operating agreement
1
Cover, never over
Never more short calls than shares. Your share count is your call ceiling — no exceptions at any account size.
2
Every strike is a promise
Put strikes = prices we'd celebrate buying. Call strikes = prices we'd happily sell. If we wouldn't toast the fill, we don't sell the contract.
3
Guard the oxygen
Buying power is the business's air supply. Size so the worst day changes nothing — assignment on everything at once should be an event we planned, not a crisis.
4
Changes get said out loud
Two partners, one book. No trade happens that both partners haven't heard the objective for — and rule changes happen on the record, never by drift.
04 · Governance · The monthly board meeting
Two partners. One scoreboard. Every month.
KPI 1
NET LIQ
vs the mile-marker table — ahead or behind, no stories
KPI 2
BP IN USE
the oxygen gauge — with a hard ceiling we set in calm weather
KPI 3
COLLECTED VS CAPTURED
the kiln report — premium that died worthless vs premium still at risk
KPI 4
BASIS PROGRESS
adjusted cost basis on every holding — the march toward zero
Deposits automated, review scheduled, decisions made together at the table — not solo at 2 AM. The family office answers to the North Star. This account answers to Mrs Wheel Deal. Honestly? Tighter governance.
Road to a Million · Episode 01
OPEN FOR BUSINESS
The plan is written. The deadline is set. The tank is filling. From here, every episode is an earnings report — same doctrine as the $100M road, ten thousand times smaller, and every trade one you can actually make. A hundred dollars today. A million by 2032. Collect 2 Capture. Let's go to work.
Educational content only, not financial advice. This is our family's own real account and real plan; targets are goals, not projections or promises — a ~25% annual return is an ambitious objective that may not be achieved, and losses, including of deposited capital, are possible. Figures shown are our own; milestone values assume the stated seed, deposits, and growth rate for illustration. Options involve substantial risk, including assignment and total loss of premium. Do your own research and consult your own advisors.
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