My Intro
Hello and welcome to my first blog! A little about me; I am lazy yet I like money. I know that these two traits generally don’t go together unless you are willing to bridge the gap between the two with high-risk activities with a touch of fearlessness. Activities such as going to a casino with your life savings and betting it all on a game of chance or robbing a bank. Unfortunately, I am a low-risk person in general and was stuck in a rut with these battling dualities until I discovered the phrase “passive income”.
Passive Income Hunting Season Begins
Through all my research, I saw that one of the easiest ways to make passive income was to join an internet bank that paid interest “higher than the national average”, which was about 2%. Not terrible, but in order to live off of the return, I would have to rob a bank for a decent enough amount of seed capital and then deposit the money I stole back into the bank! I then looked into stocks, in particular ones that paid dividends. And while dividends for some were about the same as the bank, the stock itself could fall in value. Then, in mid-2017, I stumbled onto Bitcoin (I think most know where this story is going)!
Bitcoin, Steem, and Cryptocurrency
Ah, the 2017 fair maiden Bitcoin. From my perspective, it was similar to a stock but this thing is just going up and up and up and I’m not doing anything! December 2017 hits and Bitcoin is at all time highs! But then 2018 hits and I get rickety rickety rekt. Luckily, onboarding from fiat to crypto took several days (if you wanted to avoid buying at an extreme premium) or I would have been worse off. However, that euphoric feeling I felt in the last half of 2017 lit something under me. I knew that crypto, even if not Bitcoin, will be the thing that takes my finances to the next level.
Eventually, joined Steem in mid-2018. I had actually heard about it a few months before from YouTubers but was turned off from the fact that I would have to create likeable content in order to thrive on Steem. Remember, I’m lazy. However, when I discovered the power of delegation and that I can earn more Steem by doing nothing, I thought Steem was the greatest thing ever! Unfortunately, I bought in a bit too early as it was on the decline from $2 and pulled out before I could get hurt too bad, but never gave up hope on crypto.
Passive Income Hunt as of now
Fast forward to today, I’m happy to say that I have found that holy grail (well the holiest so far). I have discovered several consistent passive income streams using crypto. I am able to generate upwards of 12% a year at a minimum reliably (so far) with no trading whatsoever. I’m always on the hunt for new passive income streams, but these work for me for now.
My return to Steem and future plans for this blog
One may be reading all of this and say “If you found the holy grail of passive income, why are you blogging on Steem now?”. Well, I just think to myself why it took me so long to find the things I found. I wish there was one place where I could learn some technique to obtain passive income easy or someone to cipher with who shares my passion of the sedentary lifestyle and also making righteous bucks. If I could even help just one lazy person out there, I think I’d be okay. I am also so eager to share some of my passive income techniques using crypto but most of my family and friends shy away from it hearing the FUD and seeing the big dumps that happen. How could I write a blog to a targeted audience that already has some semblance of what crypto is and what it can achieve? Then I remembered had this account sitting around for many months doing nothing. Steem is a coin based around social media. I could not think of a better place to do this and now I have content to talk actually talk about!
In terms of future future future plans, I actually want to create a guide on one or two of my methods that can make a nice safe return better than the S&P 500 average return of 7%. In terms of future future plans, I want to start a small investment club for the super lazy that doesn’t want to read all these words and just want returns now. But more about those in future posts. In the very near future, I have always wanted to add crypto trading to my portfolio of passive income but have failed miserably. On my journey, I have dabbled with trading bots and have found one I like, 3commas, specifically one that connects to TradingView. In my mind, I have developed the perfect automated trading strat that works in a bull market or bear market. However, I have yet to find the perfect settings that will yield me exactly what I want from it. I’m also too lazy to learn proper coding and backtesting methods. I want to fine tune my bot over time, possibly with some help from the community. If this thing I’m creating begins to work as I feel it should work, it will be a monster. Or not, we’ll see. I hope to blog at least once a week or maybe even a couple times a week but again, I’m lazy. Hope you guys can join me on my quest. Carpe diem.