Think of it like renting a room. 12 months income is $10,000.
OR
If you have 300k equity in your home. Let's say you take a 200k equity loan out at 2.7% (that you must pay back obviously). Put 200k in JEPI that pays 7-8%. You pocket the difference. 8%-2.7% about 5%. 200k * 5% is approx $10,000 a year, every year.
Just another way to produce income. You've just paid for 1/2 of your tithing right there or more.
Covered Calls cap your upside and in return pays you income. If the market moves down your principal will move down with it. If the market moves up your principal moves up.
If you think everything is going to fall apart do not try this. This could be a risk your stomach could not handle.