Building Your First Stream of Income at $1 a Day
Introduction
Can you imagine having an idea to increase your daily income without working on it? It is possible, but you need to take action to implement a stream of income. Focus on a project where you understand the fundamentals and trust the team behind it. A lot of crap exists in the crypto space and you can't lose a tremendous sum of money if you rush too quickly without doing your proper research.
This happened to me recently with the project YieldNodes, where I wanted to invest. You can read an article I wrote about this project recently on this blog and learn from my mistake!
When is too good to be true, you are better off not investing and boosting your awareness to the max level. Losing money is never an easy thing to digest when it happens under a failure. At least it can be a good experience where you learn a fantastic life lesson.
Without making mistakes, you can not grow and increase your financial IQ. it is never an easy ride, but when you implement the seed in your head and take action. Great things will materialize in the real world.
Example of getting $1 a day
It is not a number that can change your life, but you can use it as a starting point. The seed will be deep in your head to take action toward that goal of reaching the $1 a day. This will provide the fuel to achieve that goal and take baby steps toward it. I recommend tracking your progress in a simple spreadsheet on Google Docs or your favorite program. Plenty exists that is completely free on the internet. So you don't have any excuse not to track your progress. ;)
When you reach the first milestone, the next step is to set the next one that you can achieve in a reasonable timeline. You need to have small victories along the way because you can lose sight of what you want to achieve. Most times, people lose interest and never keep going with the goal in mind.
When you reach the $1 mark, you need to force yourself to reward yourself with something you enjoy. This step is crucial because it provides a sense of accomplishment and makes you proud of yourself to have reached it.
What types of projects to get the $1 a day
You have many opportunities in the crypto sphere where you reach that number in a short time. One of the best places I believe is in the DeFi niche. You can provide liquidity and farm a token that can appreciate in value. Not that simple in a bear market, but you need to research.
Do not forget, I am not a financial planner, and always do your own research. I just sharing an idea where you can build a stream of income.
Another place where you can look is a solution like Cub Finance on the BSC blockchain. You can trust the founders because is the team behind Leo Finance who has built it. You can farm the CUB tokens daily and increase your wealth steadily.
A plethora of ways you can achieve it, but you need to understand what you enjoy dealing with. You need to take action and have fun during the process to build it.
Conclusion
Start with a small aim like $1 a day and then increase to $5 for the next one as an example. You need to have a sense of progress that will bring fuel to your actions in your stream of income.
The best enjoyment is the money you receive without working for it. When you are in a job from 9 to 5, you spend your valuable time receiving money. In the case of your stream of income is the contrary. Money will flow your way without being present in a physical place.
Now, are you going to build a stream of income and get it to $1 a day?
