FreeWriting Series - Income - Different TYPES of INCOME - Should we COUNT in Income from CRYPTO?

Hey All,

Who doesn't love having multiple sources of INCOME? The more types of income you have the better it gets for ones financial stability and growth. And one has the option to choose from which source of income to continue further and which one they can stop i.e. maybe focus less on the working job which is taking most of your time and then focus on the income streams which are growing exponentially.

Source::

Different TYPES of INCOME - Should we COUNT in Income from CRYPTO?

The above picture that I have taken from one my X feed, which is from Scholarship for PhD clearly demonstrates the seven type of income; which are as follows::

• Earned - tied to a working JOB ✔
• Profit buying and selling ✔
• Interest fixed deposit as an example ✔
• Rental properties getting you RENT ✔
• Capital gains Mutual funds & Stocks ✔
• Dividend again via mutual funds & stocks ✔
• Royalty intellectual property, patents or copy rights ✖
• Crypto - #Hive tokens and other crypto tokens ✔

And let's add another important point which is the crypto market. Don't you think the person missed a major source of income? Nowadays, many people earn money through cryptocurrency. Yes, I understand its a risky affair but when invested wisely one definitely can create many passive income streams in the crypto verse. I am a great example myself, where I have many passive income streams created here in the HIVE Blockchain that I leverage to further build my cryptocurrency portfolio. From the above income stream apart from the "Royalty intellectual property, patents or copy rights ✖" where I have no stake the rest income sources add up to making me rich every day. Yeah the contribution of all the sources varies but I would say every drop counts until its earning you something and who knows one day the income source which was earning you the least starts yielding far much better returns. As example lets say that Crypto Income Source is adding like 5% of income to my bank account and tomorrow when the crypto tokens that I #hodl majorly like #hive, #coti, #gcoti, #vidya, #waxp and many other second layer tokens SKYROCKETs you know that it can altogether bring a financial freedom that one has been craving for years and was next to impossible. But here with CRYPTO you know the drill and the dynamics of generating income increases exponential which one would have never thought or dreamt of before. More precisely becoming Financial FREE might have seemed impossible before, but with crypto, the way to earn money grows so fast that it can be life changer. Hence definitely in todays world having a CRYPTO portfolio is a must. Maybe start with little and then build it over and one day you will definitely see that investment direct here is definitely best decision ever taken. There was a stage where I used to pump fiat quite often to buy new and emerging crypto tokens and now the situation is that I did like to leverage my passive income stream create here in the crypto verse to further diversify my investment. I may not be booking profit that ok but it gives me the flexibility to tap in new opportunities as they emerge. One such example that I can quote is the COTI passive rewards that I directed here to #hive building my HIVE POWER and got to the 100K+ HP mark. This is one example and I have others too that has helped me grow my crypto portfolio overall. Well this should be it for todays post on - "FreeWriting Series - Income - Different TYPES of INCOME - Should we COUNT in Income from CRYPTO?" And before I end this post, let me know if there is any other Income Source that we can add in here to the list. Let me know your views about this topic FreeWriting Series - Income - Different TYPES of INCOME - Should we COUNT in Income from CRYPTO? in the comment section below...cheers

#income #incometypes #life #lifehack #success #lessons #lifeprivate #makeprogress #strategy #nobodycares #freewriting #paras #secret #crypto

FreeWriting Series - Income - Different TYPES of INCOME - Should we COUNT in Income from CRYPTO?

Best Regards
Paras

Image Courtesy:: Scholarship for PhD