5 Unsexy Income Streams I Have Right Now That You Can Have Too
Be a badass like me
I’m managing 5 revenue streams at 20-something.
I’m even thinking about recording videos giving tips on how to make money online and posting them on TikTok and YouTube.
Yet one of my favorite online platforms is Tumblr.
Twitter not so much, because it will end up the same way as Quora. Full of memes.
See, guys, when people keep saying the same things all the time, it’s not funny, isn’t it?
It’s the same as memes and Quora.
However, Tumblr is not. Tumblr is where I find inspiration for many things. And I wish I could get paid to talk about Tumblr in my posts, it would be the sixth income stream.
My 9 to 5 remote job and my online writing Side hustle
There are lots of remote jobs.
There are also a lot of online jobs.
And mind you, that’s already two income streams. So I have a remote job and an online job.
All you offer is your time and effort for money.
The only risk is that you don’t get paid by trading your time for money.
You work for money here. Some work for a lot of money, some work for less.
You just need to be more demanding with the help you give to other people.
I won’t go into too much detail here, because I believe you have read this already.
Yield farming, liquidity pools, and staking
These income pools are those that generate interest.
The higher the stake, the higher the liquidity.
So here we are talking about earning dividends and interest with exotic assets. The money that goes into these financial instruments is protected. But there is the risk too of course.
Take these 3 words, put them in your browser, and voila. Understand the assets and invest what you want to lose or gain.
Exposure of my equity in exotic assets and exotic startups
There are many exotic assets that I am exposed to right now.
Yet I won’t name names, so as not to encourage people to do the same as me. Do your research, you smart guy.
Here, the assets are high-risk sources of income.
Trading requires a lot of time and effort, as well as a deep financial understanding if you want to buy.
In the case of exotic startups, they usually involve money spent from the beginning on everything that means setting up a store, as well as keeping the business afloat.
Given that many businesses fail, there is also a high risk that the business will not work the way you want it to.
However, if the business is stable and doing well, you can generate a large passive income.
As you can see, you either choose a higher risk (higher stress) and possibly a higher gain, or you choose a 9–17 job with low risk but low potential in the future.
However, I know employees who often earn better than entrepreneurs.
I invest $111+ every month in the financial markets and earn monthly dividends
The first stock market was in Amsterdam in 1611.
The USA started in 1700.
Investing in stocks is a solid way to create a lot of passive income.
The best assets are those that have been proven through time. The stock market has been around for more than 400 years.
That way, no matter how the market is doing, you will have a long-term income.
A mutual fund may be another investment to consider if you want a high-risk source of passive income.
We are talking about investments for 10–20–30 years, where a very good understanding of interest rate capitalization and a lot of patience is required.
Don’t put all your eggs in one basket, don’t have only eggs, don’t have only baskets
Each person has a higher or lower tolerance for risk. It is good to have as many sources of income as possible to get to the point where life works for you.
Only a larger income range can get you from earth to Mars.
Look as broad as you can and don’t forget what the people around you are saying.
From my point of view, achieving 3 of the 5 I have shown above is ideal for those who want long-term financial freedom.
Getting a job, earning part-time or even a small business, and investing for the long term is something that many of us can do. But it requires hard work and a change of mindset based on goals.