Long term, short term & even in the mid range, everyone operates with a plan whether overt or less obvious. Where ever you are in your journey I am confident you are keeping an eye out for ways to grow your resources. Read ahead for 3 Passive Income Musts For You Today.
Opening Up Your Field to Receive
Recently, it seems that no matter where I look, "opening up your field to receive" is a major theme.
Whether it is the recent Netflix hit; "The Secret", or with Christof Melchizedek and his Wealth Transfer webinar (that I wrote about with my Mastermind article), the theme of being open to receive or working through the Law of Attraction is ever present.
My intent with this article is to focus on 3 options that are simple, available and also capitalize on another "secret" methodology which I'll get into in just a hot minute.
First step in all of this is to be open to receive. Have you ever just been in a garbage mood where even roses smell awful? (if you have an allergy, I empathize. Pick your own.)
It happens to all of us and the reason is that our "state", "energy level", "quantum field"... are in a low vibrational state.
So before reading on, make sure to do what you need to do and raise your vibration. Whether it is to do 5 jumping jacks, go walk up and down the stairs 2 times, bounce on a rebounder or whatever else you do to raise your frequency... go do it, I'll wait...
The Next Secret
I don't know about your but when I hear the word secret, it always creates this image of opening a chest, or finding a box that has something never seen before and coming across it. As I have lived through my teens, 20's, 30's and yes now into my 40's, a "secret" has taken on a much different meaning.
Having lived on different continents, in different countries and seen quite a many different things, I have come to a place where I realize that quite often a secret is something that is right in front of our eyes yet takes on a different meaning depending on the situtation.
Think about that for a second. Take something as simple as a slice of pizza? Yes a slice of pizza. Placed in a cardboard box any slice of pizza with your favorite topping will evoke an emotion. Whether, calm, happiness, appeasement etc, the emotion is there.
Now take that same slice of the 'za and put it on your best piece of china plating situated next to a crystal glass of water or your favorite libation. This is all placed nicely on a clean and glowing linen table cloth with a perfectly folded linen napkin. What is the picture that comes to mind now? Quite different I suspect.
Well that is the case here when we are talking about opportunities in crypto.
What I am taking my time getting to is the Multiplier Effect. What is it? Really it's quite simple when talking about crypto. You have an opportunity to grow your crypto and if the value of the underlying crypto increases; you will multiply your growth.
Yes it can go the other way as well. That is why we use solid technical analysis and make long term decisions that are not guided by FOMO or other low vibration emotions.
You may have an aha moment in reading this or maybe even say that you knew that already. If you are in the latter part of that last sentence, I follow up with a question then; Are you utilizing the multiplier Effect?
Let's look at 3 options that can help you today.
First on the list is Atomic Wallet. You may say to yourself, how can a wallet help me out today? Here's how. Proof of Stake crypto currencies have options across a handful of platforms from project specific to multi-asset digital wallets.
From what I have seen across the space, I see Atomic Wallet as one of the leaders in terms of providing staking opportunities and competitive rates for delegating. Here's the list as of today available in Atomic Wallet. I should also note that in the last month or two there have been new additions to the list which also seems to be growing in speed.
- Zilliqa - 20%
- Icon - 10%
- Cardano - 5%
- Atomic Wallet Coin - up to 23%
- Cosmos - 10%
- Tezos - 7%
- Tron - 5%
- Band Protocol - 17%
- Neo (Gas) - 1.4%
- Komodo - 5.1%
- Algorand - 5.6%
- VeChain (VTHO) - 1.63%
Atomic Wallet is a decentralized wallet that current has 12 staking options which provide a passive income that can be multiplied with movement of the assets value.
Next Let's Look at Exodus Wallet. While it may seem that we are on a wallet roll, that is not the case. So far these two wallets provide a great combination of opportunities to generate passive income while benefitting from the multiplier effect.
In Exodus Wallet you can find a smaller list to Atomic Wallet with at least one difference. Also it is worth noting that some of the APY rates vary as well.
Up until a few months ago Ontology was also available through Atomic Wallet. Nevertheless, returns are similar and both wallets are decentralized with both desktop and mobile applications.
The Third option on the list is a little different. Nexo is a platform that offers both crypto backed lines of credit as well as interest options for in their words - "Your idle crypto assets". I came across Nexo on the recommendation from a few different colleagues as well as while researching for platforms to earn income from gold back crypto assets like PAXG.
One distinction of Nexo from the decentralized wallet options above is there is an option to earn a nearly 2% higher return on most of the digital assets if the owner is willing to receive the NEXO token in lieu of the delegated token.
The NEXO token is an ERC-20 token that is currently trading around 33 cents at time of writing with an ATH of over 60 cents in mid-2018. An intriguing opportunity for sure.
The Multiplier Effect for Passive Income
Every time that I find myself writing about approaches, opportunities, or other activities in the crypto space, the topic of strategy inevitably comes up.
I can't stress enough the importance of having a strategy, that is beyond sell high & buy low, albeit that is a very broad strategy. The volatile activity and the overall crypto market as whole creates opportunity for those who dare to enter.
There are many who enter and do just the opposite. FOMO in during a run up. Ride the run up and FOMO out on the way down. Don't be one of those people and have your strategy.
Of the many benefits in the passive income side of your strategy, the slight delay it would take to unstake / undelegate your positions to exit, may just save you from making an emotional decision.
In the meantime, I hope you are able to multiply your outcomes as well as do it passively. Then you can spend your valuable time on something else that you are passionate about!
NOTE: Thank you for taking a moment to read this article. I hope it adds value to your day and gives you something to work from.
Stay tuned for more info as they become available. Feel free to follow me on Twitter for more. Look forward to seeing you there!