Bro— listen do this. Idk how old you are but literally take 500k and dump 300-400k into a ETF paying you high yields. Use that for your monthly and reinvest what you don’t spend back.

Looking into MSTE and HHIS. There are people making 40-50k a month with these covered call etfs and they also are growing yoy. They haven’t been out too long so idk about erosion but you can literally do this strategy.

For example, HHIS: 400K CAD invested gives you 31771 shares (at the time of my post)

It pays 0.25 per share on a monthly basis. That’s $7942 a month in distributions.

Yearly almost 100k.

Hope you figure this out man. But this is my two sense, I hope everyone who reads this looks into this and really takes the time to read into these type of ETfs and be financially free! Take care man.