Changing Your Financial Position Without Changing Your Life

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Avatar for SapphireCrypto
3 years ago

Smart Decisions Don't Require Exhaustive Measures

This is especially relevant and true within the Crytpo realm. Most people who are wanting to change their financial position in life usually consider a second job or demanding side hustle. The thought for most is too devastating to consider. Having to work all day and then still having to put in additional hours at a secondary job. The truth be known, many people already have to do this in order to survive, never mind save or invest. Traditional finance, as well as traditional investment vehicles, have managed to disillusion the average person. For many, the idea of making a 100X to 800X return in a matter of 2 to 3 years is not only preposterous but clear signs of some type of Ponzi.

In my most recent post, I mentioned a few free and passive ways to generate capital without any effort or capital requirements. There are a few downsides, in that the funds are locked for a lengthy time, or withdrawal thresholds are fairly high. However, there is no real risk as it is not taking up your time, or making a demand on your wallet. These are the types of things people should be looking at in order to accumulate free Crytpo, which they can, in turn, invest in higher-risk opportunities.

There are many other ways to get your hands on "easy" Crypto that will not require much effort and can be done at leisure. However, this post focussed on the opportunity that is possible without any effort.

A Double Blessing

Not only can you accumulate Crypto effortlessly, but you can invest that Crypto into projects that are high risk but also potentially extremely profitable. You may also dedicate yourself to other active strategies but who passes up on free investment capital? Although it is not investment advice, I advocate putting at least 3% to 5% of any portfolio into micro-caps with huge potential.

In the event that all is lost, it is merely 5% of your portfolio. In the event that you secure even one 300X, it has the potential to change your entire portfolio. That 5% holding can become a 95% holding. Understanding risk and allocation can make all the difference. Life-changing returns are generated by investing modest amounts in high-risk altcoins and micro-caps that eventually gain recognition. Unless of course, you have significant capital at your disposal or a lot of excess time to work on generating Crypto.

The idea is to allow the average working person some options to gain some free Crypto without sacrificing additional time that they may not necessarily have. If this turns out to be a profitable move, they can consider other options. Personally, I do as much as possible to secure myself a solid foundation because I know where we are heading. This incorporates ideas such as the one mentioned, ideas that require some effort, ideas that require significant effort, as well as ideas that require capital allocation. Not everything works out, which is why diversification is good, as is accumulation without investment or time. This investment idea is explained in "Create Exposure To Crypto Wealth With Zero Risk" on my independent blog. Don't despise the day of small beginnings, you do not know where it may lead.

Disclaimer

First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.

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$ 44.92
$ 44.86 from @TheRandomRewarder
$ 0.05 from @Porwest
$ 0.01 from @fiyyahhewit
Avatar for SapphireCrypto
3 years ago

Comments

Lindo día. Soy de las que usa mucho estas paginas donde al final recibo monedas gratis y como bien dises sin mucho esfuerzo. Eso sí a largo plazo pero para nada soy esa persona avariciosa que piensa que si el proyecto no le da mucho pues ya no sirve. Al final es un regalo y veneficio so ya que al final podrás con ellas invertir en proyectos más grandes y mejor monetisados.

Feliz miércoles te mando un abrazo y te deseo un mundo de felicidad y éxitos constantes. Te saludo desde Cuba.

$ 0.05
3 years ago

I would agree with you on your opinion it's far makes so much sense to me, investing and taking risks would make us rich rather than working for someone to get some penny,we should think of the future also

$ 0.00
3 years ago

The idea here is to create risks that are not actually risky. No capital investment of your own, or utilization of your time. So you are exposed to the positive side and simultaneously completely protected from the risk side.

$ 0.00
3 years ago

For me the need for a second job has always been thwarted by investing in the stock market. Dividends are a mighty fine thing, and premiums earned from writing covered call options contracts is VERY lucrative.

But you are right. Getting even double digit gains can sometimes be a challenge. Finding stocks that will turn into 100x, 500x, or greater is next to impossible, and despite my dislike of using the word "luck" when it comes to investing...

When you do see those kinds of gains a lot of the time luck plays a role in it.

Either way, I think what many people miss is what money can make as opposed to just what your butt can make. Nothing wrong with working of course. But as I like to say, if the only purpose is to earn more to spend more and have nothing to grow it? It has no real value at all, and one will never get ahead.

$ 0.00
3 years ago

Good perspective! The key is not to look at the current value but at the potential value. Then do your best to choose projects that will perform in and over time. I have had a 100x, 300x and 800x this cycle that I can think of now... these coins were bought 2019/2020. If you are modest with allocation and reward the performers it gets easier.

$ 0.01
3 years ago

I would like to hope that my current "gamble" with SHIB can work out to a nice triple digit bagger, or better. But who knows? lol

$ 0.00
3 years ago

Depends if you entered a week ago it would be looking quite good. Very speculative. Hard to say...

$ 0.01
3 years ago