10 sats \ 6 replies \ @kr 9 Feb \ on: How can one create passive income through one's bitcoin (profits)? Personal_Finance
What does “passive” mean to you?
write
preview
this territory is moderated
323 sats \ 5 replies \ @Fabs OP 9 Feb
I set it up once and it pretty much yields enough that I can "scoop" approximately €800,00 per month off the initial amount.
reply
1010 sats \ 4 replies \ @kr 9 Feb
if i were to guess, i’d say you need 50-100x the amount of money you’re trying to earn each year in “passive” income.
i don’t recommend trying, in fact i do recommend removing the word “passive” from your mind and pretending it doesn’t exist. far too many people go down the “passive” income rabbit hole only to realize there is no free lunch.
reply
10 sats \ 3 replies \ @Fabs OP 9 Feb
Hmm, that's step 1, and on?
reply
0 sats \ 2 replies \ @kr 9 Feb
Step 2 is spending time studying possible investments to learn the answer to the question “where does the $800/month come from?”
reply
0 sats \ 1 reply \ @Fabs OP 9 Feb
Lemme guess: step 3 is executing step 1 & 2, right? Right?!!
reply
0 sats \ 0 replies \ @kr 9 Feb
Step 3 is picking one of them.
reply