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10 sats \ 6 replies \ @kr 9 Feb 2024 \ on: How can one create passive income through one's bitcoin (profits)? Personal_Finance
What does “passive” mean to you?
I set it up once and it pretty much yields enough that I can "scoop" approximately €800,00 per month off the initial amount.
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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.
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Hmm, that's step 1, and on?
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Step 2 is spending time studying possible investments to learn the answer to the question “where does the $800/month come from?”
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Lemme guess: step 3 is executing step 1 & 2, right? Right?!!