Most people earn their money through purposeful, social, planned and conscious, physical and mental activity.
Passive income, in turn, means generating income without any direct consideration. It thus represents the counterpart to active, work-based income or monthly income investments.
However, that doesn’t mean you don’t have to do anything. Passive income is about making regular earnings with a one-time investment. You can either invest financially or in the form of labour.
How long it takes to build a steady passive income depends entirely on the type of income source you choose. One thing is certain. You don’t generate passive income overnight.
Monthly income investments through Cryptocurrencies
To build a passive income with cryptocurrencies, you can choose between several methods.
Mining: With mining, you make your computing power available and receive payment for it in the form of Bitcoin and the like. However, you need advanced technical knowledge and must first invest a lot of money in high-performance hardware.
Staking: Fewer resources are required for staking and, compared to mining, it is a somewhat easier method to generate passive income with cryptocurrencies. They keep money in your wallet and take on various network functions. Checking or verifying transactions is common. You will then receive staking rewards for completing it.
Lightning Node: By operating a Lightning Node, you provide payment channels through which people can carry out their Bitcoin transactions. You will receive fees for every transaction. However, this requires very extensive technical know-how.
P2P loans: To receive interest in return, you can offer your cryptocurrency assets to other private individuals. This method also offers technically inexperienced people the opportunity to earn money with cryptocurrencies.
Acquire customers: Crypto companies are interested in attracting as many users as possible to their platforms. Because of this, they are often willing to pay commissions when you generate new customers for them. You can do this, for example, through advertising, affiliate links or recommendations.
Monthly income investments: Passive Income through crypto and other forms
There are now many people who have earned a golden nose through real estate, stocks or affiliate marketing. And the list is getting longer and longer.
So it can be said that there are many opportunities for passive income. But even with the most successful people, this did not happen overnight.