Topic: True wealth comes from income when you sleeping but earning - page 10. (Read 1852 times)

Not all staking earn you big returns enough for you to put yourself in this category. And crypto invest is too volatile.
If you really want your money to work for you while you sleep then you should look towards owning properties and shares in big reputable companies. Create a business that generate a nice chunk of revenue. Invest in oil and gas. Or better yet own an oil well where you will continuously reap profit forever.

I completely agree with you. Your money should be making more money for yourself. It could be in cryptocurrency as well as in traditional finances.

Cryptos have their own ways to make money while you sleep and the same goes for traditional finances. Ideally we should all look for avenues to make passive income. Crypto Staking is definitely one of those avenues.

Same goes for stock investment as well. You earn on capital appreciation as well as dividend incomes. But yes people should be using their money to make more money for themselves.

I don’t think I will be getting much sleep if I invest in memecoins. I would be much more comfortable if I were investing in bitcoin. That I am confident that my investment would be making some profit no matter how long it takes. Which is good for me because it means more sleep. Lol.

But seriously speaking, too volatile crypto assets needs to be checked every other time unlike bitcoin where it would probably be better to not look.

It is no different from the sentence that poor people save money in the bank, while rich people come to the bank to borrow the money that poor people have saved to recycle.
Staking and investing have become a way for people to make money while they sleep. These two things are real businesses or smart businesses to earn money while sleeping.
However, of course it is not easy, someone who does this must have skills. Skills in these two items can be honed.

Staking is a debatable way to make a passive income because it depends on what cryptocurrency you're staking as not everyone is exactly a good catch to have as staked cryptocurrency. You're right about the passive income being the best thing, I feel like I'm going to need more so I can comfortably not work like, who doesn't want that kind of life, you're making money in passive income and at the same time, you're doing all the things that you wanted to do, I'm not yet there but I know that I'll be able to find the right passive income so I can enjoy life more.

It's very true and it's what everyone who has researched financial freedom will tell you is the only way out. Realistically the odds are heavily against you that ever going to win the lottery, inherit millions or find the next bitcoin. Even if you did, you need to understand how wealth is created through long term commitment because that way you'll know the true value of money and are less likely to be wasteful in frittering it away. Everyone with a pension is already doing this, so you can expand on that by buying into index funds for relatively low risk or at much higher risk you can start researching individual companies to invest in over the long term. Short term trading is dead, so think about companies that you'd be happy to buy and hold forever.

This is just straight up horrible advice, with really poor grammar.  There is never a such thing as guaranteeing that you will make money "while you sleep", especially not with shitcoins like you've mentioned here.

What you're proposing here is highly risky investing with highly volatile "investments".  I would hope that people would not follow your advice here as it is misguided entirely.

The owners to me put in energy to the company if you ask me, at the current stage they don’t need to put in the efforts like the good old days setting the brand or company up but there was efforts. The people I think that actually work less are people that buy shares or earned a share in the company they put in no extra effort aside their investment unlike the owner who needs to still check in time to time. That’s kind of what Buffets quote was about.

As a Bitcoin enthusiast I Will actually not advice anyone staking their bitcoin but rather hodl bitcoin for long and when they realize the profits diversify it into another investment outside the crypto space that brings income even while you sleep

I am not down with the staking thing because you are to keep your funds with a third party, and whatever happens to the exchange, your funds is gone, I think to me it is a dumb idea, because you don't have the right to withdraw when the time hasn't come, and even if there is a red flag on that exchange, you still will not be able to transfer your coins.

I prefer to invest only in bitcoin because I am in self custody of my coins and I am happy to watch my investment grow as I DCA weekly without skipping it. I will hodli for long and I will get more profit from my bitcoin investment compare to those staking, because of the size of my portfolio.

I only keep the value of my fiat currency in USDT, because it has more valuable than my local currency so that inflation does not eat up the value so soon before spending it. Investment is very important in life because it shows that you are planning a better life for your future.

He means stocks with that quote though. When you buy stocks, you become a share holder of a company (or companies) and if you buy the shares of good companies that make money, you will get rich along with those businesses. That's the basic idea. Holding cash is no good because the central banks are always printing more cash and that means cash will always be a bad asset to hold. Sometimes cash comes handy during a market crash but that's it, other than that there is no point in holding cash.

Crypto is a whole different asset than stocks&cash so that's another topic.

Warren is an oldschool investor that hates crypto but he was spot on here. If you don't like crypto like him and still wanna get rich, stocks should be your choice.

Lol...bro, you are stretching this more than necessary, and be it Staking, DCA and Investing, all still mean the same thing since when you are staking, you are investing and DCA itself is a certain means/style of investment which is not an investment per se. But still, I understand what you are trying to say only that you never expressed yourself well. Investment is always good in all ramifications, once there is money, you should not let it waste away in the bank or inside a wallet that will not fetch you any interest or dividend. But crypto wallets are not included in this because they are not worthless, and so far you know the right coins and tokens to buy and keep in there, you can be making way more money than you might have made if you staked your money.

Staking is a way to earn a reduced amount of interest and a similar way to imprison your money just like the way you keep it in the bank or in such a wallet (not crypto wallet) that will not give you much interest/dividend. This is why it is good to let it lose entirely by buying and keeping it in a secure wallet with a good crypro asset. This and only this is the way I know that your money can be yielding highly for you if you select well even while you sleep or practically do nothing after buying the coin/token.

But if the focus is not on cryptocurrencies, good stocks and equity are available, one may also invest in gold, the energy market, properties etc. Or find a company with a good package of deal. They are all good means to make huge returns doing almost nothing.

Not saying Bitcoin is a bad investment, but it's incorrect if you say you will earn even when you sleep. If you didn't sell your coins, it's just an unrealized profit and if you're keep DCA-ing Bitcoin, this mean you still have a job to fulfill your monthly needs, not living by only with Bitcoin investment.

Bitcoin doesn't have something like "dividend" unlike stock, if you choose to earn by staking your coins, you will not able to sleep peacefully since you didn't hold the private key. If you choose to become trader, you still not able to escape from living without working.

I'm very much familiar in that qoute, and that's also one of the reasons why I initially think that investment is a must once you have your own income, people should at least put some money in their investments from their own salary. In that way, people will be having a passive income and if that person knows the best strategy to grow their own money then possible that they can earn higher from their passive income rather than stable income from their jobs.

Invest as much as you can in Bitcoin, you will earn income even when you sleep. You can sleep soundly without having to think about negative things such as losses or so on, as long as you are able to maintain the security of your private key well, nothing can make you anxious about the assets you store.
I chose one of the three ways you mentioned, namely Bitcoin. DCA is a strategy used when investing, you can buy Bitcoin consistently with the same amount at regular intervals. When you already have Bitcoin, believe me, you will sleep soundly and Bitcoin can also increase your wealth.

as much as it's right to make an initial money, to make real money you need to create a system that consistently generates money by itself for you. You can't continue doing everything all by yourself and expect to get to the six figures. Real entrepreneurs learns that act of delegating there income such that it works for them while they are asleep.

The owners of goggle, Microsoft, Facebook, and all the big multinationals don't have to work on a daily and hourly bases to get ends meet or to increase there finance, the effort The put is always little compaired to what the system they've created is doing for them. Fortunate for our own generation, we don't need to struggle that much in terms of delegating the system that will work for us. With the help of the Internet and all the aids we have across the media space, it's more easier to delegating or creating a formidable system that will work well for us even in our absence and we can still earn double or triple of what we would earn if we were present.

I think banks might start offering crypto staking for customers because they see that's what customers want off course secured staking that goverment will secure staking.

The great Warren Buffett said,  “If you don't find a way to make money while you sleep, you will work until you die.”

He’s mostly right isn’t it. Try to create a passive income if possible.

Money in your wallet don't bring more money so you spend it and it's gone.
So If you try to look for good Investment opportunities early like was doge or shiba even with 2$ wich is nothing to risk you do right thing.
3 golden ways are:staking, Investing and DCA.
If you keep those things going on then it's impossible that you don't earn money when you sleeping.
For staking i have different wallets and on exchangers and different coins 
No matter how little you earn by doing nothing but if you can earn it you make more money from money.
My number one thing now is crypto staking on many different exchangers and self custody wallets stablecoins and altcoins.