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How Do I Earn Passive Income #Hodlnaut
#Hodlnaut
#HODLwithHodlnaut
Passive income is the generation of extra cash flow, whether you’re running a part-time job or a side hustle or just trying for extra income each month. Passive income is a bonus for you and helps you if you suddenly become unemployed like what happened during COVID-19. A passive income gives you extra security. You may be planning for your retirement and you are not able to save enough money for that building wealth through passive income is a great strategy.
A passive income can be stated as earnings from any source other than your employer or your contractor. The most popular ones are business or rental property, stock dividends, and book royalties. Many people think that passive income is like a “quick to rich program” but in actuality, it is not like you need to work upfront and it often involves great additional labor along the way; you have to put additional effort and time for this, which you need not have to do in your full time job sometimes.
A lot of people have a lot of misconceptions about passive income; many of them think that it is like your job but it is not; it is your second job, but it is not; it is your non-income-producing assets, but it is not. A passive income is not always physically involved, such as the wages you earn from a full-time job. Creating a passive income is not doing a second job for you but creating a new stream of income without you having to do a lot of work to get it after the initial effort. If all assets are not giving interest or dividends. They don’t give you passive income.
There are a lot of ways to earn passive income, but I am not going to tell you about passive income streams that you always hear about.
• High Yield Savings Accounts
• Money Market Funds.
• CD Ladders.
• Annuities.
• Invest Automatically In The Stock Market.
• Real Estate Investment Trust or REIT is a Investment
• Invest In A Reseller Business.
I missed a very important point here about cryptos, which are a leading passive income stream. We usually read through many articles which give you a list of income streams as seen below: • Passive income ideas:
• Create a course.
• Write an ebook.
• Rental income.
• Affiliate marketing.
• Flip retail products.
• Sell photography online.
• Peer-to-peer lending.
• Dividend stocks.
But when we read through these writings, we are always provided with a lot of explanations but these writings never give you ideas about “how to do it”, “where to do it”, “when to do it “, and “who can help you”. If you get this vital information then you can easily get started with your passive income.
Now I am here to answer these vital questions I asked you in the above paragraph. I had described earlier that Cryptos can be turned into a great passive income for you. If you are a newbie or an experienced person, it is not at all a great issue here. How to start is you can start an account with Hodlnaut or create an account, then you need to have 2-factor authentication and know your customer.
Passive income with Hodlnaut
• Interest in Cryptos
• Staking of Cryptos
• Affiliate Marketing
After completing these procedures, you can transfer your cryptos to Hodlnaut or buy some here. The best way to earn passively with crypto in Hodlnaut is by depositing your crypto assets into good interest-earning accounts that offer you high-interest rates. Hodlnaut offers users up to 12.73% APY on six supported cryptocurrencies (BTC, ETH, USDC, USDT, DAI, and WBTC), allowing you to earn consistent returns on a weekly basis no matter which direction the market is heading towards. Once you have started an account, you can start immediately. Now you have got answers for how, where, when, and who? Apart from this, crypto-staking is one of the safest modes of making passive income by lending your cryptos in your secured wallet to validate transactions which you can do easily with Hodlnaut. The last is Affiliate Marketing which can be done while you are signing up with this network and you will get an Affiliate link that can be used to refer your friends, relatives, and others and once they join and do some transaction you will earn 10% commission.
