The How To For $100 A Day In Passive Income

Passive income is a huge passion of mine. I find that when people start on the path it actully becomes fun and you want to just dump more and more into it. I started this myself a few years ago (around 8 roughly) but I wish of course I would have started sooner in my 20's. That's something people don't tell you or let you understand and it's something that kills retirement, leaves people with tons of stress in their life and just some overall bad stuff.

You see earning passive income is great and takes a load off of your shoulders but in order to get to that amount of passive income it takes years we are talking 10+ years which many people can't look towards and envision it so they often give up before even trying.

In this post I'm going to go over some of the classic ways to earn passive income and how it now applies to crypto more than ever. Take note many of these calculations below are not compounded income and instead are based on if you extracted all of your earnings from it as they came in and did not reinvest them. Compounding investment is a powerful thing.

*This article is not investment advice and is for entertainment purposes only.

The Work

Yes, building "passive income" is going to take a lot of work and it's actully going to takes some work once it's setup. You still have to manage the funds and keep an eye on them for bad news on a stock, extracting the money out, reinvesting the money and so on. There's really no such thing as 100% passive income instead it's about generating more revenue and wealth while putting less and less time towards it. This takes you away from that hourly rate job you might have where you trade time for money. You want to lessen you reliance on that as much as possible.

Some people will tell you to build a course, make a blog and all that fun stuff and it creates passive income for you because you build the product and then sell it. What they don't tell you is building the course is the easy part. The huge amount of time and work invested after that to sell the product then comes into play. This is why I'm not even going to mention work type so called "passive income" because honestly I don't see it being a thing.

Basic Savings

This is the easiest method but often it doesn't beat inflation and instead should only be used IMO as a safety net. Put 6 months to 12 months of your living expenses into this savings account so if anything happens you have 6 to 12 months to get shiz figured out. Besides that it will earn some passive income to at least help offset some of that inflation.

Dividends

In order to get to $100 a day or $36,500 a year your going to need to find stocks that pay out dividends. Now there's good and bad about all of this of course. The first thing being it's never 100% for sure. A company you invested in could raise, lower or pull their dividend at any time and that company could also go bankrupt which means bye bye dividends and stock value. For myself I often look at REITs as they are required to pay out a large portion of their earnings in the form of dividends. You'll want to look at each REIT however and figure out what their investments are and what's generating their revenue. For example there could be REITs that are mall focused, well we all know malls don't do very well anymore. While another could be 100% residential mortgages which are currently going up in rates because of the FED and banks thus the profits to those REITS should in fact increase and potential pay out higher dividends. The moral of the story here is DYOR (Do Your Own Research)

The Breakdown

$100 a day at 3% dividend yield you would need to invest $1,217,000 $100 a day at 6% dividend yield you would need to invest $608,500 $100 a day at 9% dividend yield you would need to invest $405,666

Now those last two seem rather reasonable to a lot of people. Over time you could very well find yourself there and better in 10-20 years time. It's very well possible but there will be some swings in there with dividends increasing or decreasing and stocks falling or increasing.

All That Other Garbage

Doing a search online for ways to earn passive income are loaded with tons of junk that all sounds easy but leaves out the massive cost of both time and money to try and get competitive. Things like drop shipping which has taken a major hit due to lockdowns and now war, print on demand, teach courses, handmade good, stock photos, write a book and blah blah blah. To me these are not passive at all and fall under pretty much trying to start up your own business which is HUGE risk and HUGE time/money investments.

Crypto / DeFi / Stable coins

There was once a time in the fiat world where one could actully pretty easily earn passive income for the most part those days are gone for a lot of people and it's almost pure luck if you make it or not now. Job losses, high inflation, cut backs on 401ks, pensions removed and so on have really changed the landscape. That landscape for me has changed and now I almost 100% rely on crypto to do it.

Hive is one of the best places I have found to actully generate this wealth. At the moment Hives stable coin called HBD is currently paying out a massive 20% APR. Now of course this comes at risks who know if this thing will hold stable it's not back by anything if it fails like we have seen with other stables. The 20% could also be changed at any time so almost think of it as a stock dividend which can change. However here's the really cool part. Remember above where we pulled that investment $100 a day table well here's how it looks with HBD.

$100 a day at 20% you would need to invest $182,500

That's a huge win in my book! Just 182k to make $100 a day in passive income right now through hive. You'd be in some rather high risks stocks trying to hold that 9% yield with over $400,000 invested to hit that.

One could also save Hive token as well generates passive income and it does. Hive currently earns about 2.85% sitting powered up. The issue it's locked up for 13 weeks in comparison to HBD which is just 3 days. You could bump that 2.85% to something like 10%-12% by doing full curation on the account. But the kicker is you have high price swings. Hive could continue to fall like other cryptos and lose more and more dollar value. Or It could go up increasing your dollar value. A year and a half ago my hive was worth over $300,000 at the all time high. Fast forward to today and I'm just barely scratching $40,000 value with all of this hive. It's rough out there in the crypto world that's not stables.

There ya go. A few methods to earning $100 daily and a powerful method with Hive.

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