How to Achieve Financial Freedom using Crypto

We all want to be rich and abundant financially. But very few among us would be able to reach to that level. So how do we get to achieve this freedom?

Financial freedom means you don't have to struggle to get the job or the business. Your investment and the current set of the cashflow is paying off for the lifestyle itself.

This can be done using the crypto. Your investment in the crypto and regularly taking out such assets can be useful for your financial freedom.

In this post, I want to put out some of the financial freedom options using crypto that you can check out for achieving the success along the way.

Before we can even decide to be financially free we have to find out what it means for you. Does it mean leaving your job and the work? Does it mean passive income?

So based on what you consider as financial freedom you have to manage those investments accordingly.

Staking Crypto

A lot of cryptos have an option to stake the coins. Say coins like Ethereum, Solana, Avex, Polkadot. A lot of them are allowed to be staked and you can then earn some rewards for holding in a staking pool.

Each of such staking pool has fixed or floating percentage based on the market share. And that would be reflected in your output that you would be making use of later.

There is one thing about staking crypto. You don't have to do anything other than locking your assets. That is one risk but you have to take some risk in order to earn something out of it.

You can also stake Bitcoin Cash in places like NEXO and Celsius and it would be earning you good amount of earning. I have it staked and it gives me a good amount of return too.

Stable Coins

There are some of the stable coins which make it easier for you to hold the money during the tough market times. I always advise other people on investing into them.

Like if you hold your assets into the Binance, saving the funds into the BUSD which is a stable coin is a good idea. You would be able to manage the fluctuation during the odd times of the market.

You can also invest into the FlexUSD token. In past I talked about it plenty of times. These two coins - BUSD and FlexUSD can be a good option to protect yourself in a market.

Having proper funds into the stable coin can be balancing with changing markets. No matter how much taxes or the funds that go up and down, your funds would match the USD.

Risky Crypto Assets

There are some of the coins which are risky. I don't have any specific favorite among them but you can get the conceptual idea about those crypto assets.

You can invest into them but you have to understand the fact that they are risky for a reason. You have to spend a lot of money trying to understand the timing to sell them.

You may also notice that risky crypto assets can take some time to give you good returns. Find out if quick selling leads to profit or holding them long term leads to the profit.

Make sure to time your assets and plan the investment in such a way that risky crypto asset can be useful in context of your overall investment.

What do you think?

Getting financial freedom means you have to time your investment for regular profit and also you have to make sure to get some passive income out of them.

So when you have those two sources properly planned out. You can easily understand the fact that it takes planning and years of patience. In order to reach it your actions decide how you will get there sooner.

What do you thin? I'd appreciate your comments :)