One of the main reason people are interested by crypto is the potential to get your financial freedom. Some investments can be very risky, and I let you speculate and make research for that kind of investments, as I don't want to be responsible of your potential loss.
For this reason, we'll see how much stablecoins you need to put in lending to be financially free. Based on a 10% rate, as it is really possible on platform like Celsius for example. Sometimes it is less, sometimes it is more (on Swissborg for example), but I think that on the long-term view, 10% is a correct rate estimation. Also, in this article, I'll ignore taxes or anything disturbing calculations. Now let's see which range you could target.
"I start to think about it" range (300 - 600 $ monthly)
You start to earn a nice additional income next to your salary and you start to understand it is possible to, one day, quit our job. Your interest for the crypto environment is rising and rising.
You need between 36 000 and 72 000 $ in lending to be a member of this range.
"I can work part-time" range (600 - 1 000 $ monthly)
Your time is precious and work full-time wasn't possible anymore for you. You find method to grind your crypto knowledge or you have time to develop your business.
You need between 72 000 and 120 000 $ in lending to be a member of this range.
"Freedom or wealth ?" range (1 000 - 1 500 $ monthly)
At this range, you now have a choice, quit your job and be free, sleep when you want, do what you want. Or continue to work, accumulating money and cash, not only to be financially free in the future, but to be geographically free too.
You need between 120 000 and 180 000 $ in lending to be a member of this range.
"Work is overrated" range (1 500 - 2 500 $ monthly)
You start to be earning more money with your actives than with your salary (if you are still working). You can even invite your friends and your family at the restaurant, make them some presents ... enjoy a more pleasant life.
You need between 180 000 and 300 000 $ in lending to be a member of this range.
"I am the boss" range (2 500 - 5 000 $ monthly)
Fire your boss, you don't need him anymore. Now, you know how to generate passive income and you take profit with smile and joy.
You need between 300 000 and 600 000 $ in lending to be a member of this range.
"Crypto changed my life" range (5 000 $ + monthly)
If you lend more than 600 000 $, crypto obviously changed your life and going to work is an ancient history for you.
To apply this strategy, you can lend the stablecoin you want : Tether, USDC, Dai, BUSD ... as you want.
Tell me in which range you are located.
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