Have your money work for you
That age old adage..
Never rang more true than in crypto currencies and blockchain. You invest not so much to create a second (or third) job for yourself, but to have your investment money work for you. Yes of course in the beginning you will need to work to generate that seed capital, however the mission from the beginning must have an end goal that the income generated will be positioned to generate passive income.
Now in the past that meant investing in conventional assets like income producing businesses, real estate or even dividend producing equities. But we have just been born into a new possibility,a new asset class and being in the beginning, we have exponential possibility.
This is gonna'be fun
The Blockchain and Cryptocurrencies offer us a whole new possibility, however being a new paradigm it can also be wrought with risk and peril. We need to research the offerings, research their developers, research the space they are trying to capture and how they will implement their technology in that space.
So how do we generate our seed capital
Right here on Steemit (one way I approached it anyway)... but there are of course more. You can pick up a temporary or part time income stream (most likely trading time and effort, yes work), like Uber (see my past Uber article) and Especially here on Steemit.
Just yesterday I posted a confession of powering down twice from a higher Steemit level of Dolphin to gain that seed crypto for investment in expanding projects a mentioned above. Again no regrets as I see it this platform is ingenious for building that seed money.
Then as you build enough here, you can easily trade into another passive income producing projects. Because as much fun as it is posting here on Steemit, the time expenditure can be daunting. And let's face it, the ultimate goal is to free ourselves of the "Need" to work... not necessarily to stop working (I find it fun).
And folks, this is not just for Steem, it is for all crypos, we must never get too emotional over any holding as it will hold us back from being more profitable. They are only tools to build that goal you set for yourself... in my case (maybe yours as well), generating passive income flows that will outlast me as a part of a generational wealth building machine.
Set your goals, work fervently toward them,and enjoy your accomplishments!
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Image Credits: richdadbusiness
If everyone attains the goal of not working, how will the world look then? How does anything get done without work? Seems like a pretty barren future, barring any automation and robots or star trek replicators ;)
The image seems like a pyramid scheme of master and slaves... Which is how the world currently works. Is that what we want to keep generating? Some work to create everything we have, while others dont and just use money number-magic to get richer off the backs of others? I guess we really need automation to free everyone from this...
It is what will happen as there are so many that will not do this type (or any for that matter), investing. They will forever work as they are told, programmed or want to do. You have the creatives that won't stop creating, you have the business builders that will not stop building and you have the consumers that will not stop consuming... that is never going to change in our lifetimes.
But for the record I stated above; "the ultimate goal is to free ourselves of the "Need" to work... not necessarily to stop working (I find it fun)".