Topic: True wealth comes from income when you sleeping but earning - page 8. (Read 1852 times)

it also depends heavily on how much money you have to be able to let it earn when you're sleeping since investing $30 for example with 5% APY just means you're wasting time, make good income first then invest, only then you can become wealthy.
if the money you have is too low, maybe taking more riskier investment can do something like if you invested in meme coin you mentioned with 10x leverage with just $30 for example, if it grows by the thousand percent you can make few thousand dollars easily, but of course 90% of the time you just more likely to lose it since that means you're gonna be among the first one to get liquidated if market turning for the worst.

but once you have accumulated all the money you needed to the point it makes that few percent APY from staking become attractive you can then do compounding investment to boost the growth, then your money will really work for you and you can be having that true wealth.
it always require strategy to begin with, something as good as earning money while sleeping can't be realized without additional effort.

moreover if you just want to earn while sleeping just buying BTC when low and waiting for it to grow already did just that, so basically there's solution in front of you all along its just it takes courage to really do that and i'm talking about investment from the bearish season where there are so many fear.

The fact is that the light shows us the way but we need to have the ability to walk and the strategy to walk the path. In the same way in any investment it is not enough to have only knowledge, there must be skill. Because knowledge and skill are two essential factors for success but they are different things. For that if you want to be successful in investing working under the supervision of an experienced person will be very helpful to pass the path of success.

     Well, that's the purpose of money, right? Spend and use what you want to buy or get, whether the purpose is good or not. But since we are here in the crypto space,
we always need to use the capital that we will use correctly.

     And we have to shop for our capital to grow or multiply it. Aside from staking, there is also farming and trading,  whether long or short.
This is the only place where our assets can truly grow.

True wealth mustn’t come from cryptocurrency as well, you can open various businesses, invest in real estate projects, develop startup companies, and many more. Investing in cryptocurrency is good but I prefer that the investor has something that is supplying them with at least decent amount of money than investing all they have. Because you are not going to get your investment out in a few weeks or month, unless you want it premature (in loss rather than profits). And only someone who has a source of income can leave it be till when due.

Passive income would always be the way to be truly wealthy.
Let your money work for you, learn to invest in order to gain income even if you aren't doing anything.
Learn to spend wisely, spend on things that could give you something in return, or invest no matter how big or small the profit is it still a profit.

Basically investment is always a solution or an effective idea to achieve financial freedom in the future, as you said OP that the real wealth is when you sleep but you are paid, although yes I would also agree and think that all the ideas you said are true but sometimes it is quite difficult to tell others about the idea when we try to care about others, but yes it is not a problem, first come first served, meaning if we are able to do it ourselves and understand about the whole concept in an investment then do it.

Although it is a good idea but I think saying is always easier than doing, of course there are quite a lot of factors that can be a barrier for some of us to do it, even though for example we have an understanding of how to invest properly but sometimes situations and circumstances are not favorable such as for example in terms of income or income that we have is only enough to meet all the needs of daily life, meaning there is no ability to allocate money for other things and of course this can also be a problem that causes delays that may be quite long.

You make a good choice op, but I will advise you to include BTC in your altcoins because once the price of BTC start pumping in the market other altcoins price will be pumping too which is the reason i want you to add BTC to your portfolio and you will not regret it.

You don't spend your coins in your wallet anyhow, because you need to wait for bull run to occur before you can sell to earn profits that will help you to establish other businesses that will be bringing income that will make you to be part of long term hodling.

BTC is the coin you can invest and have a good sleep when the bear season is in the market, because when the bull run hit the market, it will add value to your wealth.

the author clearly is a long way from wealth.
On your way to wealth you learn how to write coherent sentences, 

Because this is a forum about Bitcoin, many people will just take it to mean that since the OP is talking about earning while you sleep, the focus should just be on bitcoin investment. Investment in bitcoin is good, but it does not guarantee earning always while you sleep; you can even lose from your bitcoin investment while you sleep.

We have to gain more perspective here because there are other business ideas and investments that will guarantee you earning money in your sleep, money that you could use to now invest in Bitcoin more comfortably.

 

There are several different ways of earning this kind of money. This kind of money can be earned especially when you make your money to work for you instead of you working for your money to earn income. One of the major common ways of earning while sleeping is by investment. Like investing in crypto, estate and buying and saving of gold. But before then, you need to be cautious of the business by seeking for good knowledge of how the investment works.
Nowadays, they said knowledge is light. So if I may ask, what the use of light is? it is with the help of the light that we see from the dark. So, since knowledge is light, you use this knowledge to know what you don't know after seeking for the knowledge. then, you transform it to money.

The more knowledge and experience increase in life, the better ways of earning will be discovered, and the smarter methods of earning will be discovered. Now is the time to increase income growth with as little effort as possible. So investment in any good gives us good returns but may result in losses in certain areas. So reviewing everything and investing in the right place will surely give us profit in a way that is unexpected. I don't see any better and more effective way to make money while sleeping than investing in bitcoins or cryptocurrencies.

Money is very good in our lives. You will enjoy life more, even though life is not easy, when money is earned in a very easy way, you use your money to earn more money. That's, this type of money is perfectly earned when you allow your money to work for you. But when you are the one working for your money, you can not be able to earn this kind of money.
When we work for our money, our income becomes limited and it comes in a fixed amount. This is because when you are sleeping, your money stops coming when you are the one working for your money. But when you make your money works for you, you can be sleeping, you can be doing anything you want to do at anywhere and the money would be working for you.

That's 100% true and we have the examples right infront of our eyes as we are the biggest example, I am talking about those who work in corporate or any other 9-6 job thinking it will help them secure their future and their savings which doesn't go in particular with inflation rate. I think the wise ones are the ones who invest and diversify their investment portfolio to ensure at least multiple stream of income is operational everyday. If working hard could make anyone rich then labors would have been the richest.

Passive income will definitely make you rich, but depending on your passive income, it will make you poor. That is just the fact that when you want to become rich, your investment, which you will definitely make as passive income, should be out of your budget. What I mean is that any profit gotten from them should be used to get another investment that will make you gather as much as you want, but when you depend on them, you will definitely stay poor, so even though you have a lot of passive income, you should still work, not depend on them, and live with those profits.
 
Because if you still work under someone, you will still see the value of money, but when you decide to stay unemployed due to your investment, that is when you will start growing more proud and start living an expensive lifestyle. From there, you have already embarked on a road to poverty, and that is all we are trying to avoid, even though we know that passive income paved more ways to financial freedom, but when you use it wrong, you will still have to suffer for it.

How much exactly are you earning from staking? For 4% yearly locking of your coins with exchange without freedom of using your coins when you want and you call that thing passive income? Common my friend, that's not passive, that's a fraction an exchange is given you for given out your coin for liquidity so they can have much money to serve customers and I'm return they get big cut while they give you chicken profits, you don't gain anything meaningful in staking a coin unless you run a validator for some network.

Have you consider what will happen to your coins if the exchange you stake your coins get hack or you think it's not possible? Kucoin was hack $200m, it took the grace of some law enforcement before that money was recover and had it been they didn't took fast action, a lot of people would have lost money so much and that doesn't stop the fact that it might not happen again. Don't lose everything because of a small profits that is worth noting.

Renting your property is a beneficial source of passive income and there is no loss in this business but people want to get more profit from crypto by accepting its risky features. If someone is interested in both then both investments can be carried out simultaneously without any worries but remember that for renting property there is no need to get knowledge to be profitable while in crypto investment detailed knowledge and vast experience is a must.

In crypto as you hold longer the risk will be lower but as your patience decreases then your loss will increase because the market is not under our control and we cannot maximize the value of our hold coin. In renting property we will increase the rent in order to increase our profit so I think renting property is a far better way of earning but everyone has different concepts.

That's is so true! By diversifying revenue sources and building a more solid financial foundation, passive income streams can offer financial freedom and stability. It gives people the ability to consistently make money even when they are not employed, giving them more time and freedom to follow other hobbies or objectives. Individuals can eventually attain true riches and financial freedom by consistently creating and expanding passive income streams. Hoping someday i can have different passive income so i can have freedom financially.

Awareness of the importance of investment is basically influenced by many things. I can say that your knowledge and circle can change your point of view about how important investing is. Not everyone knows what a good investment is - but the average person knows what an investment is, they just don't have enough budget to do it.

Others don't know how to make money with money – they are busy people who work to make ends meet every month until retirement arrives. Many employees fall into this category - but some employees are also aware of investments and know how to make money with money. So – lucky you are aware of investment, this will help you to improve your financial condition both in the short and long term.

Sad reality. Earning while sleeping will surely be the reason we will achieve financial freedom and that is what is important. This is the importance of investing compared to saving money which most people usually makes mistakes in choosing the right decision. Let money works for you as it will generate profits while you are sleeping and poor people usually work for money I think Robert Kiyosaki said that one not sure. 😅 Unfortunately, only few people know this thing because not all has financial literacy.

Indeed, to create a solid financial foundation, investment is one of the best ways for us to get results in the future. There are still many people out there who don't understand what investment is, so they continue to work hard all the time and as hard as they can every day to get additional income. The way they do it is actually not wrong, but employing money and being able to make money from investments is the way smart people see this opportunity. We are among the lucky group of people who know what investment is and understand how it works. In my personal view, investing is the same as building a business, without needing a lot of capital to pay for the costs that people usually do in business. We just need to choose the right coin in this case.