Posts

Crypto Gaming Takes the Guesswork out of Passive Vs. Active Income

avatar of @rosiew
25
@rosiew
·
0 views
·
5 min read

Discussing Fundamentals

Let's use some basic, fundamental concepts for investing, like passive and active income and demonstrate how crypto gaming, particularly Splinterlands, handles the positive and negative aspects in earning money.

Why Discuss it?

I never really liked the concept of just handing my money over to a company and hope they are doing something with it. I spent my life listening to my father discuss the stock market, when to buy and sell, why you want to do such a thing, etc., but ironically, if I asked him where to put my money, he would find it difficult to suggest a stock and usually recommended I just save my money from my earnings and put it away for "safe keeping". I believe he didn't want me to take so much risk. Perhaps if I wasn't his daughter, it would have been easier. HA!

I think we should discuss though, that active income is limited to time and effort. At the same time, as I mentioned above, I don't just like to hand my money over to someone and passively earn. So what's best?

My hope for this post is it can remind you that what may be OBVIOUS to you, isn't so obvious to the non-crypto, non-market friend or neighbor, so do not miss some of those foundational ideas when you are trying to convince someone to join crypto. My post will discuss Splinterlands as the example, because I trust the company, and because I find the multiple ways of earning (which if you're not sure about them all you can read the post here ) is an excellent way to marry both passive and active incomes.

Passive Income

While you're sleeping and dreaming of all the wonderful ways to make money, you can be making money. HA! Passive income is an EXCELLENT way to build up a little nest egg. The positive points are you're making money "in the background" so to speak. You can be doing other avenues of work, while you're still making money from another resource, like the stock market let's say. The negative points are you have no control over what that money is earning if you're invested in a company and those large corporations aren't going to ring you up to ask you what direction they should go to keep making you that money; therefore, you have little say in the investment of your hard-earned money. I suppose that is the risk you take with the stock market. I would argue, even with all the naysayers who claim crypto is a greater risk than the traditional stock market, that crypto actually is LESS risky, and I will get to that in a moment. First:

Let's Recap:

Positives of General Passive Income:

  1. You make money in the background.
  2. You can be doing other avenues of work while you're earning passively.

Negatives of General Passive Income:

  1. You have little control over that money.

  2. You're not sure exactly what you're investing into since it's a large company with little accountability to you, even as a stock holder.

Active Income

Active income then I suppose seems pretty obvious, but let's break it down anyways because fundamentals are important to mention. If you have a job, you're actively bringing in income from that job. You chose the job you work at, you support the business and you're part of that business. You choose where your money goes. You find your time is tied up to that active income though, so there are only so many hours in the day where you can make some active income.

Let's Recap:

Positives for General Active Income:

  1. You control your income by choosing where to actively work.
  2. You're part of a company/business and that mission.

Negatives for General Active Income:

  1. Only so many hours in the day to make active income.
  2. You might be limited by various circumstances to what that active income actually gives.

Splinterlands: A Marriage of Both

My whole reason for this post is that I've been so busy lately, I haven't been able to play Splinterlands much. This is the true blessing of Splinterlands though, and it made me think on the beauty of incorporating crypto games which allows for both passive and active income. If I WANT or have the TIME, I can get quite busy in Splinterlands. I can achieve daily quests. I can now play in the tournaments again! YIPPPPEE!! I can be a part of the guilds as well! So much is actively happening in Splinterlands, that if I want to focus on earning some crypto, I can easily get active in that game and make some money. It's A GREAT time to invest in the game, and those who say otherwise have not seen the bigger picture here. Best part of all is you can still keep your job and play when you DO have the time, allowing for even more opportunities.

The bigger picture is, our lives are busy! We might find we just don't have time to play Splinterlands, which is what I ran into myself. It didn't bother me too, because I knew I would get to playing again and in the meantime, I was getting SPS passively! I could stake it or put it into the pools!

Splinterlands Wipes Away the Negatives to Passive Income

You may be saying to me, "But Rose, how are you removing the negatives from passive income?" Well, that's easy. You see, Splinterlands is working SO HARD right now on the validators. Even still, we have the opportunity to give our feedback and be voted on it, so our voices ARE heard about where and how we are investing money in this company/business/game. You really cannot ask for a better passive income when you think about it. It's exactly why people are saying to this day, even with all these "amazing" games popping up everywhere, Splinterlands has the best tokenomics right now.

Share the Good News!

So, tell your friends, co-workers and family you're making money in your sleep, and when you have some free time, you're actively increasing your crypto by playing. It's the best of all worlds, and it allows you the freedom to spend time playing in the game when you can, and make money while you sleep! The risk really is just a mental hurdle to climb and nothing more. It's no riskier to put money into Splinterlands than it is to put it into a company that you have no say in what they are doing with your money. So, please give it a try!

I hope this very basic, but some good common sense post was a helpful reminder to all you smart folks out there! It's sometimes so wonderful to be reminded of the basic, fundamental, common sense points that can get lost in this busy world. I always like returning to the basics. As my dad always says, "buy when it's low, sell when it's high!"

If you enjoyed my post and want to try Splinterlands, please use my referral link: https://splinterlands.com?ref=rosiew Please remember my post is not meant to be financial advice and is just my opinion.
Follow These Folks: Splinterlands: https://peakd.com/@splinterlands/ PeakMonsters: https://peakd.com/@peakmonsters/
Monster-Curator: https://peakd.com/@monster-curator/
1Up (#oneup): https://www.1up.zone/

Here are some great links to join as well! Splinterlands Discord: https://discord.gg/Tw7KjNsQGs PeakD Discord (PeakMonsters as well): https://discord.gg/7mQmzZeugE
Monster Market Discord (Monster Curator): https://discord.gg/DR3J9rfRFV
NFT Studios Discord (aka 1UP Discord #oneup): https://discord.gg/4VYBcNuVQd