How to Make Income & Crypto Work for You

We are always in a grind of job or business. Where we are chasing every single client or the work that we can get. This way we try to improve income and increase overall cashflow.

But we never reach there because we are not investing into the assets that are making it easier for us to improve upon the income that flows inward rather than the outward.

Now I am approaching the cashflow lot different than I used to do in 20s and 30s. I am making different choices that I hope would be changing the way I earn and save money over a period of time.

So how come we can make the income and savings work for us? And now we are at it how can we get the crypto coins work for us in terms of return of investment?

Let's check out some of the ways you can make the money work for you.

Dividend Income

If you have never invested into the stock market. You have to learn to start investing into it from now. You would earn the dividend income from the stocks.

This may take a while and also it would also take some time for the dividend to gather up. Because you are earning a fraction of cost from the each stock. And it would take some time for ROI to work in your favor.

So every time you have some of the disposable money, you have to start investing into the dividend stocks. This should help you with earning some return of investment each year once or twice depending on company.

If it's something you have not done, start doing this from now on. I am sure you would not be regretting this decision. As the money slowly compounds here.

Crypto Staking Income

A lot of blockchains these days are on "proof of stake" and they give some return of investment if you stake some coins in their staking pools. This may not be a big amount but every small drop of ROI adds up here.

Staking is also one way to put your crypto to work for you. Otherwise we all know that proof of work coins are kind of idle between the market cycles and they don't earn us unless some of the places like NEXO and Celsius lock it for you with some interest.

Staking is a good choice for those who have their money locked in and being idle. You can use the good pool which gives a good returns for the staked period. A lot of options are out there you can check your wallet or binance for more details.

Crypto staking is going to be gaining more momentum in near future. So make sure to have your investment into it and plan your investment properly in that case.

Mutual Fund Income

INDEX Funds, Bluechip Funds, Sector Funds. Each of them have their own role to play in the market. Basically fund houses invest into multiple places for you and get you some return on investment.

This is a good option when you don't want to maintain the stocks and don't know how to plan the returns for each of them manually. In such case mutual funds are a good option.

In near future binance, NYSE and other stock markets would be adding the crypto mutual funds and the ETH mutual funds too. That would be making the market more regulated for the crypto too.

So make sure to try out your investment into the mutual funds and see where that chance of the investment would be taking you. I'd definitely recommend you to try out mutual fund if you want to have once a year type of the decision for the mutual funds.

Rental Income

Make sure you have something to rent. Be it house, clothes, bike, car, or something that can have some rental value. This way you would be adding some income when the things get rented.

Warning: This method of income and the cashflow is going to make your income a bit hard to sustain as there is also some money that will be burned along the way. You have to watch out for that option.

Rental incomes are harder to process. I have seen that some of the time rental income are going to be good option if you have things which can be rented in the bad times.

Make sure to invest into the places that can earn you something. Rental income has made many people effortless money. So plan your investments properly in them.

What do you think?

I have listed some of the methods which should work out for most of us. As we are average investors and not someone who are earning thousands of dollars as well. So hopefully these investments help out.

I'd appreciate your comments :)