Passive income streams, self praise

Passive income streams, self praise

By PressF | Crypto Billionaire | 15 Sep 2021


Hello my Fellow Crypto Billionaires. We all know, the path to financial freedom is filled with experimentation, failures, learning, passive income streams, expense tracking and lots of other things. Therefore in this post I will discuss a passive revenue stream I am launching.

 

Expense tracking

Before we deep dive into the incomes, I would like to point out the importance of expense tracking. Some 2-3 years ago I was earning decent money and as is trendy in the western world I had a credit card. Not a big account, just something to cover bigger expenses and have additional insurance on items. I was on track with repaying my debt, because I was receiving my monthly salary before the deadline. So I was in a good light with the bank. But at some point I started feeling that there was not enough money at the end of the month, more and more I was paying with credit card, then repaying and the cycle repeated itself each month. About 2,5 years back I was like wtf, where is the money going, since fortunately my expenses, to my estimates, have not increased. Eventually I came to a conclusion that over time I had accumulated enough debt that I was eating in on my future salaries. After some consideration and 2-3 months of strictly following my expenses I covered my debt on the credit card and closed the credit card. After the hard learned lesson I decided that I will track all my expenses to better understand where the money is going. At first it started with a simple excel and later on I moved over to a predefined google spreadsheet form, which I found through TikTok. If anybody is interested to follow the same path then link to the original author's youtube page is here. Super easy to understand and very helpful. Now I have 2 years of track on my expenses. Why is this important you may ask? Well when we want to increase our passive income we need to have a good understanding of what our expenses are and how much passive income you actually need to have before you can, you know “retire”. 

 

Autonomous t-shirt store

Last summer I had a great idea, like all of us have, to open a t-shirt store. And as you know the quicker you fail the faster you can learn. So I narrowed down to 5 platforms for creators to publish their works and sell them on printable products like t-shirts. Platforms which I checked are:

I will not yet cover all of those platforms as I have not yet gone through details on all of them. With the idea I approached a friend of mine, who is a very good UX/UI designer with the proposition. Within one session we created the face which you see as my profile picture, but unfortunately that was it. He wasn’t motivated enough and I left it as it is. This year I started from scratch on my own. 

 

Press F T-shirt store

Please welcome, a very first of its kind with the most unique products on the market:

https://press-f-4.creator-spring.com/ 

I’ve decided to focus on catch phrases which have touched me at some point and make them public. So from now on if you wish to support me and have a cool T, head to my shop. Instead of regular referral registration links you can have a direct impact on my crypto endeavours as all of the income will go straight to the market.

Feel free to comment, rant and leave feedback. This is a totally new track for me so any suggestions are welcome.

 

To conclude:

  • Keep track of your expenses;
  • Create new passive income streams as those will support your financial independence!

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PressF
PressF

Thinker | Lurker | To be Writer


Crypto Billionaire
Crypto Billionaire

Crypto with a grain of salt, served with some humor and a solid state of reasonable sense.

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