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I started my journey with working 40 hours per week. I was very motivated to start this early, because I wanted to have enough money for daily expenses but also to travel and learn about the world.
I had a goal: To be able to live (with safety and security) 4 days per week and spending more time on my interest! That was a goal some years a ago and it already felt overwhelming because all other were working 5-6 days in order to live.
At the same time, I didn't want to work for other till I am 67 or more older. So I started to think about how to achieve that goal. With the idea of working less and earning / investing more money having "clicked" for me, I started to look into the old economy and different approaches on how to make money there. That was a great decision!
After reading some books and investigating into this topic there were to two big different fraction:
- Frugal living people who saved every single penny to save it
- Entrepreneur who made money by working for themselves.
I tried both for. Frugal living for some years, denying myself of the joy of living during my 20-30s. I could do it but it was not a happy situation. In the end I ended up with ~10k € which were stuck in the stock market as dividend portfolio. Result: Yearly dividends of 400e. Great but not the financial freedom I was looking for. And I didn?t had the leverage to invest in real estate or similar products.
During that time, I also tried to be an entrepreneur by doing my own business. When watching others, seeing blogs, Youtube or doing courses, all seems so easy. There is one thing they do not tell you! Nothing will work, if you do not have your topic, your why. So after spending thousands of investment in myself, I still couldn?t help anybody else.
I got stuck in my daily working life again.
After calculating all the numbers, the financial freedom will be achieved when I was 60 with a better pension than before. But still too much time wasted.
Years passed by where I got stuck in the cycle of investing in dividend with a mere APY of 3-4% till an old NWM Colleague asked me if I wanted to join his Crypto Network Team.
I didn?t join it ignited my journey into the cryptospace.
After DYOR (do your own research) I saw the potential of cryptoinvesting and what for yields are possible (an I am not talking about daytrading).
Financial Freedom was possible before I become 50! I will have enough time to live my life!
That's why I believe that anyone can achieve Financial Freedom if they really want it and take the necessary actions So don't give up if it seems hard at first – just like with anything else in life, it will require some effort but it's definitely worth it in the end!
Just some quick examples (no investment tips just some own experience):
- Joining crypto.com and investing in stablecoins is one of the easiest and in my opinion the safest method to get a yield of 8-14%/annum (no bank is offering this in the EU).
- Staking and providing Liquidity in stablecoin pools for higher yields
- Investing in Nodes (higher initial investment needed)
- High risk programs like chainmine.io (free 6-8€/month everything else is risky) or attiora.com for even higher yields (!!! HIGH RISK !!!)
But there are many more options to get in to investing for financial freedom and like in the old economy the key is to diversify your investments
So were are you on your journey right now what is your experience and struggles? Leave a comment!
(Disclaimer: I am not a financial advisor and everything is based on my own journey/experience. Links are ref links and thanks for your support!)
