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/biz/ - Business & Finance

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28604881 No.28604881 [Reply] [Original]

Stock market? Dividends? REITs? Crypto? Mining? Staking?

How do you guys do it? My first goal to Making It™ is to have enough passive income to cover my living expenses so all my wagebux go into more investments or crypto or savings or just spending money. I figured if I can get this done ASAP my growth potential would skyrocket since any money I get from working or doing side hustles would be nearly 100% percent profit? Is it really that easy? How did you guys do it?

>> No.28604944

>>28604881
I'm staking crypto for 7k a month

>> No.28605034

>>28604944
WHAT COINS ANON I HATE WAGING AT UPS

>> No.28605079

>>28604881
>How did you guys do it?
You either need a large initial investment or have to build up your passive income over time.

>> No.28605247

>>28604944
Isn't it locked though? How would you go about moving it to cover expenses?

>> No.28605419

>>28605034
got a seasonal at UPS and if it wasn't for the graveyard shifts I'd prefer waging there over other things, decent pay and the job itself isn't difficult. Couldn't keep up with the shifts(late too many times) so I was laid off once peak was over

>> No.28605438
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28605438

>take a loan
>all-in staking
>repeat
>become neet

Not that hard really

>> No.28605728

>>28605438
How risky is staking? From what I understand you have to hold the coins for a certain amount of time, but what if it dumps? should you stake solo or in a staking pool?

>> No.28606134

>>28605034
the coin doesn't matter, you need a big stack anyways, but it's AVAX if that helps

>>28605247
theoretically you can stake half for a year, half renew each month or something like that
I locked mine for a year because I'm not depending on staking reward to live

>> No.28606211

>>28604881
Staking atm, decent amount especially with rewards program im in. Goes up to 6x at 90 days. Meaning ill have made more thst half of my investment back in 3 months.

>> No.28606221

>>28605438
I can prob get a $150k HELOC @3.5%
what is the best way/coins to stake $150k for max apy?

>> No.28606937

>>28606211
Do you recommend staking ADA?

>> No.28606965

hi

>> No.28607081

>>28606937
Don’t take peoples word for shit here. You only should take crumbs and find everything out on your own. It’s better to feel secure leaving stacks in a stake if it’s a good project. Look for coins that grow slowly but uptrend. If link offered staking id be fucking loaded

>> No.28607237
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28607237

>>28604881
Forever living Products, motherfucker!

>> No.28607307

>>28606211
what are you staking

>> No.28608180

SURF is a decent investment for passive income. It's still cheap considering it's liquidity.