@esmeesmith 6 March 2022 more from that month

How to Earn Extra Cash using Crypto I have been writing a lot of content on paying off debt and managing the stress that is associated with being in debt. But what about debt always and how about we move the discussion to earning extra? Because following the debt and trying to solve the problem of being in debt does not work all the time. You have to focus on the crypto as a means for you to earn extra cash. You can then find out debt problem slowly goes away. So is the debt bad? or not bad? Often we make choices that leads to the debt. So good or bad is just a point where the things go out of hands. So we have to get past thinking this point as well. Sometimes solution to the debt and the money and being rich is not the magic money. Instead we have to understand that earning cash from crypto is one of the ways we can fix this. In this post however, I want to discuss different things. Like how can we add more cashflow and earn extra cash using the crypto.

Here are some of the ways you can earn extra cash using the crypto. Trading Crypto Let's discuss trading. This field requires some level of understanding of market. And you need to work on the skill on when to buy and when to sell. So the trading is not something you would learn overnight. You have to be pretty understanding on this and also learn to spend enough that keeps you in a profit. So something like this is not going to be learned overnight. So hang out with people who know this. You should first get your principal out and then keep moving the interest or profit earned. That should be the focus when it comes to trading stocks or crypto. Always take principal out once you get in profit.

Staking Crypto Let's discuss staking and delegation of crypto. I think staking is a good profitable activity. Something you have to work on one investment at a time. So learn what to stake, when to stake and when to take out. Take example of Polygon staking or cosmos staking. This would give you good returns if you keep it overtime. But long term I don't think you have to worry much. Make sure to regularly take out the profit and reinvest or use for your own. Staking crypto requires certain amount of money though, unless you are ready to put that much there is not much you can push for or you can even think about long term. So find out blockchains which are profitable in staking and use them.

Crypto Interest Savings Let's discuss the interest based savings of the crypto. There are some of the places that can offer you certain set of the interest if you keep the amount with certain period locked into it. Take example of BINANCE earn or NEXO or even celsius. Those sites would show you how you can make money and make use of the interest that can help. So in that context it'd be reasonable to invest into them. Make sure to start with small term. Then expand mid term and then increase as required as well. So it always helps out in that context. I'd recommend you to try it out if you know how and when.

Crypto Lending Let's discuss the interest based on the lending of crypto. Some of the time some platforms like Houbi, Binance and few others have this system called lending. You can lend your crypto stock and earn interest. So depending on which crypto is in demand and how the interest rate is for that particular lending approach. It is kind of reasonable to make use of the crypto lending for your long term planning. You can use this and see if that earns you some good amount of cash. I'd recommend you to try out crypto lending and work on it if you can. Most of the time crypto lending can give you much better control over finances if you earn regular profit.

What do you think? These are some of the ways you can earn extra cash that can help you get above your current financial lifestyle. You can also use this method to get good with your debt too. So this is a start for your lifestyle there. What's your opinion? I'd appreciate your comments :)