If you don't find a way to make money while you sleep, you will work until you die. ~Warren Buffett

When it comes to making wise investments and building generational wealth -passively; who else do we turn to for guidance than the very men we know who have walked that path and made it.

The key to financial freedom and great wealth is a person's ability or skill to convert earned income into passive income and/or portfolio income. ~Robert Kiyosaki

And if you want to learn a thing or two abut acquiring, keeping and growing money effortlessly; it will be wise to pay attention to these billionaires and masters of the art of making money.

One thing is common among we all in the crypto space and practically in any other serious business -we are all arguably in it for the money. But the truth is that we are ALL not making the money or making as much as we want or as easily or passively as we want.

This post is intended to change that by providing you with the much needed insight into passive and residual income opportunities in cryptocurrency for you to explore.

Why is it so important for one to have passive and residual income sources? you may ask:

• It gives you freedom of time
• Reduces (financial) stress, anxiety and fear of your creditors taking you to jail -lol
• It gives you room to do what you really love -your true dream. (NO, not that "making-ends-meet-dream" pls -thanks).
• It helps you focus more on researching and exploring new and better ways of maintaining and growing your wealth.

Alright, that sums up why you need passive and residual income. Let's dive into the main answers to the question -shall we?

What is Passive and Residual Income?

Passive income are monies you make that requires little to no direct efforts of yours. While residual income are passive incomes that are earned regularly (not one-off contracts or deals) -They come daily, weekly, monthly or annually (e.g. Rent, Dividends, Interests, Royalties in conventional business). I still remember we're talking crypto -I have to start from where you're most familiar with first. We've been there all our lives so we can easily and quickly relate with the idea I'm trying to pass.

The beautiful thing about passive income is that your earn even while you're sleeping -now that's golden and what everyone of us really wants, right?

The places or systems with which you earn these incomes are called passive and residual income sources.

Passive and Residual Income Opportunities in Crypto

Now I wish to make it very clear that, just like any meaningful and desirable outcome; creating ad maintaining passive and residual income sources is not automatic; neither is (are) there any magical tools out there to make this possible. It still requires the old tested and trusted input of hard work, intelligence, time and enormous amount of effort initially known with the art of money making.

However, when done right, the outcomes will fully pay for the initial input -just as a mother forgets the pain of labor at the arrival of her new born.

There are various projects and concepts in the crypto space that affords you the opportunity to invest and earn passive and residual income. Top on the list are:

• Crypto Staking Opportunities
• Crypto Lending Opportunities
• Crypto Startups
• HODLing
• Crypto Blogging

So let's look into each and everyone one of these in details (I will try to be as concise as possible, so as not to make post too long -I know I'm used to writing lengthy posts; it's not my fault).

I will exclude all the technical "jargons" from this post -those you can easily read-up with the reference links at the end of the post or other resources on this platform. So let's go.

Crypto Staking Opportunities

Crypto holders are always excited by the idea of receiving a passive income. While Ponzi schemes dominate in this room, the DeFi era provides a fair alternative. ~Vladislav Sopov

Staking is a form of crypto investment that requires you to buy, lock-up or simply HODL the coins in a relevant wallet while you earn an Annualized Rate of Return (ARR) of up to 25% -the maximum I have seen (on the KuCoin Staking Program). Now KuCoin provides one of the best and most innovative staking programs out there and is worth checking out if you want to consider staking.

To start you must first Sign Up an account on the Exchange -if you ain't already a member (now that's my affiliate link and I may get a small commission when you Sign Up and trade there).

Another good exchange that offers a staking program is binance.com -do well to check them out. And study this post by coin switch on the 5 best staking coins in 2020. Remember to ADYOR! before investing in any of these programs.

The referenced links covers everything you'll need to understand the technical details of crypto staking.

Crypto Lending Opportunities

Do you worry about the risk when you invest in cryptocurrency? Join KuCoin, enjoy the returns smarter and simpler. ~KuCoin

That's how they put it and they're right. You earn up to 10% Annual Returns when you lend your crypto to other users (traders) on the KuCoin Exchange.

Now I am not talking about those "lending coins" like the dead BitConnect and other popular lending coins from the 2017.

Many big exchanges like KuCoin now offers Margin Trading -A method of trading cryptocurrencies using funds that's provided by a third party. It is on this margin trading platform of the chosen exchange that you lend your crypto to other users and earn interest.

The interest is usually very low -like 0.02% to 0.01% daily (28 days a month). But it's a very secure crypto investment opportunity and returns are almost always guaranteed.

This Article covers in detail, step by step guide to lending on KuCoin Exchnage.

Note that, it's not only KuCoin Exchange that offers this opportunity; most other big exchanges do but I recommended platforms that I have thoroughly researched, and used to know how they work; so you can do well to see what the other exchanges offers in this regard and calculate your potential earning and risk before investing. ADYOR!

Crypto Startups

Now this one is straight forward. You can invest in a Crypto Startup -a new crypto or blockchain based business; and enjoy dividends or any form of returns you negotiate with the founders and partners.

Better still you could start your own crypto or blockchain based business and become the next big thing in the space -who knows.

If you decide to go along this line or any of the opportunities suggested in this post do well to read this previous post of mine on What to Consider Before Investing in any Crypto Project. 

HODLing

This is both easy and hard to do at the same time.

HODLing means buying a coin and keeping it in your wallet as a long term investment (between 1 to 10 years) in hope of making a profit when the price appreciates -All good crypto projects appreciates in value with time and many also dies naturally -so you must research the coins and purchase wisely.

Study this article on what to consider before buying any coin here if you're taking this route to passive and residual income.

Crypto Blogging

Can I make passive and residual income from blogging? -the answer is yes! Many high profile bloggers make thousands of dollars monthly from their blog -selling courses, Ads or some other established revenue systems they have created; and if you put in the right amount of efforts and value into building a solid blogging business you will be telling similar stories years or even months down the line.

However, as stated earlier; you have to put lots of effort and time into building your blog before it will get to that point where all you do is run the revenue system and money making machine you have built -oiling it here and there to tune up profits and keep it ever productive.

Conclusion

These are just ideas for you to explore in your quest for creating, building and growing successful -passive and residual income sources in crypto. It is neither definitive nor exhaustive of all the alternatives available out there -but you must start somewhere.

And remember, almost nothing is totally passive. While you may not personally be doing any work to receive the money, someone is, and there’s usually at least a little bit of management overhead -managing people that are working for you, managing whatever system you have created and ensuring nothing is disrupting it's operation or simply monitoring your portfolio -allocating and reallocating resources for maximum earnings.

The idea is -passive income requires far less of your time to earn compared to other forms of income; and in some cases you practically don't even have to do anything at all. And you should try as much as possible to have at least one source of passive and residual income.

Please feel free to share your own ideas in the comments below; let's learn and grow together.

Success!