Our Journey into Passive Income
Our Journey into Passive Income
We’re not big writers online, but like many people, we’re exploring different ways to invest and build passive income.
First Steps with the Bank
Like most beginners, we started by looking at what our bank had to offer.
Every month, we put aside 4.16% of our income into an account earning 3% interest.
It may seem small with a modest salary, but thanks to compound interest, those “tiny seeds” can grow into something meaningful over time.
Exploring Cryptocurrencies
A few months ago, we started experimenting with crypto.
Bitcoin (BTC): the most famous one.
We invested $35 and are simply letting it sit, hoping the price grows over time.Dogecoin (DOGE): made popular by Elon Musk.
We added $30, again aiming for a small profit.
We also looked into mining, but after calculating hardware and energy costs, we quickly gave up. It would require a massive investment to make it truly profitable.
SHIBA and Other Experiments
Our father-in-law gifted us some Shiba Inu (SHIBA) tokens. He invested heavily in it, but it doesn’t seem very profitable so far. Hopefully the market will bounce back for him.
Discovering Hive, Ecency and Inleo
While digging deeper, we came across Ecency and decided to invest our 4.16% there this month.
Thanks to a post from @mrdani12, we discovered Inleo, which allows users to delegate Hive Power (HP) to @leo.voter in order to earn LEO tokens.
We also learned that HP can be delegated directly to @ecency to earn HIVE.
Visuals
While exploring Hive-Engine, I realized I already had some tokens (without even knowing how they got there).
I sold some of them and tested the Lease feature using what I had in my @glimpsytips.dex account.
A Multitude of Cryptocurrencies
While browsing, I discovered there are countless tokens — no less than 12 pages full of them.
The variety is overwhelming, and honestly, after a full night of digging, motivation starts to fade.
Day 1 – First Tests
Diversifying Beyond Crypto
At the same time, we’re also exploring other options:
- buying physical gold and silver,
- collecting small amounts of copper and brass.
It may sound modest, but last year, this little side activity actually covered several weeks of gas expenses.
Conclusion
We’re moving forward step by step:
- traditional banking,
- cryptocurrencies,
- metals,
- and now Hive & Inleo.
Like many others, we’re just looking for an extra income stream to improve everyday life and prepare for a more secure retirement.
If you know other useful tips or platforms for building passive income, I’d be glad to hear them. Who knows — my next 4.16% of salary might go there.
Posted Using INLEO
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