For most young adults, money is a tough subject. It feels like there are is an impossible wall of bills and loans required to get started in life. Some people have easier starts than others, but the universal constant that unites us all is that hard work can get us where we want to be in life. Seems straightforward, right? Ah-ha, it isn't as easy as many may think. There are many ways that one can "work hard". Some people grind away at difficult waged jobs to earn their paychecks. No one would question their work ethic, and many times that hard work gets them the life they so desire. But what about the person who put their money to work for them? Or someone who works hard mentally and uses their mind to carve their path into the world. How about someone who uses technology to work hard for them? All these people can be equally successful in life. The difference comes in what type of lifestyle you want for yourself.
I personally love the idea of passive income, and making other aspects of life work hard, so I don't have to. This is what brings us back to the topic of crypto investments and college-aged individuals. Most people think of investing as something that only the rich, or wall street experts can partake in. The truth of the matter, however, is that everyone can, and SHOULD be investing. By putting your money to work for you, you achieve two things at once. The first and foremost is investing forces you to put away money ,and spend less on expendable goods. The second is investing can grow you a fortune, even while you sleep. these are two very powerful concepts, that can make a huge impact on one's life. There are many styles of investing, as well as many things one can invest in. The one we are focusing on today is cryptocurrency investing.
Cryptocurrency investing is, in my non-financial-advising opinion, one of the best ways a young adult can invest. Crypto can be easily purchased, for however much money you wish to invest, and the different coins can appeal to many different styles of investing. It is always a good idea to have a diverse portfolio of investments. For example, as a young adult, you normally won't find your pockets overflowing with extra cash. However, you can find coins for fractions of a cent, and with proper due diligence and research, turn a few dollars into thousands. As you grow, your portfolio can grow with you, and be as risky- or stable as you so desire.
The flexibility, and ease of cryptocurrency are why I believe they are the perfect investment for young adults, who don't yet have enough capitol to take advantage of other investment types. I have found great success in cryptocurrency as a college student, and my go-to strategy is a zero risk one. I do my best to find avenues of getting involved in crypto that require zero up-front investment. Apps on my phone, promos from sites for free crypto, mining with my gaming pc. These are all methods that I have personally used throughout the past few years to build a cryptocurrency portfolio valued in the thousands, with zero of my personal money being spent. This is as close of a zero risk investment as you can make. 100% free to the investor, and with a potential upside that is near infinite, if you play your cards correctly.
In my future articles, I look to delve into exactly what methods I use to obtain cryptocurrencies at zero risk or cost, as well as give my own perspective on what strategies make sense. Follow me for more content!
