It has taken me a long time to understand the world of the rich. Robert Kiyosaki explains in his book Rich Dada Poor Dad that there are 2 money problems.
-A: The problem of not enough money.
-B: The problem of too much money.
I prefer the problem of too much money. It's a real problem indeed. Here in the crypto world we are all hoping that Bitcoin and the cryptos we own will go up in price value. The problem we face when this happens is that it can result in more money than we physically need. The question one needs to resolve when this happens is "what to do with the money?" If Bitcoin reaches $1 million and alt coins go up 1000% when we need to answer that question what to do with the money.
I believe that investing in passive income streams is the way to resolve this problem. Let's define passive income 1st. It is better known as residual income in the world of professional finance. Passive income is income that works for you whether you work or not. An example would be owning a car and converting it into an Uber. The services that you provide users brings money in and if you have a driver or self-driving car then this service occurs without your effort. People will be using your Uber services whether you work or not.
On the crypto world I've discovered that myu favourite form of passive income thus far has been to invest in delegate proof of stake. The minnowbooster is actually one of my favorite means to making this happen practically. I have been delegating a large percentage of my Steem Power to the minnowbooster and the Steemit community and I have been getting a daily dividend for this. This means that even if I don't post for an entire month or year, I receive payouts daily from the bot. Now this is what I call freedom. It is also the best way to solve the problem of what to do with the excess money that you may not need or use, because you end up making even more money. The problem is that the problem repeats itself, but this time with a larger flow of wealth than previously. The rich are getting richer because they invest in passive income streams that make the more money leaving them with B: the problem of too much money.
Passive income is the only income that sets you free from the rat race. So I suggest you learn all you can about passive income and get rich like the rich!
