Asset vs Liability
I have been thinking about creating more asset than liability recently.
Most of us do have a day job with a salary.
A job gives us security of a monthly income.
The true is a large part of our salary always goes into our daily expenses and bills.
It is like burning our money since it comes in but it goes out almost immediately.
I have my monthly installments to settle and many of us get more loans as we wanted more things in life.
https://www.youtube.com/watch?v=BuoSllBQld4 Video Source
All the money that goes out of our pocket is really our liabilities.
We probably need to increase our asset if we ever want to become rich or have more than enough.
Investing in stocks or other money gaining plans can be a good asset to us. We can reinvest our profit and earn more money.
The fact that rich becomes richer by using money to make more money like a money-making machine.
Passive income is one of the highlights that can connect with our hearts especially all of us are regularly posting content on Hive platform to earn passive income.
The fact that we still need to create the content to earn is not totally passive income.
Passive income that we can still earn while we are sleeping will be what we can lookout for.
I personally think that one of the many ways to earn a nice passive income on Hive is by delegation.
We know about the daily reward that we can get when we delegate to @tipu, @ocdb, @curangel and many other curation programmes.
By delegating our Hive power to a curation programme, we can get daily reward without putting in a single effort so it becomes passive income and an asset.
Many people also use https://hive.vote/# to auto-upvote content creators that they support.
By upvoting them, they will earn curation rewards so this is another way of getting passive income.
When we can use our money to get people to work for us, it is another way of passive income since we are earning with other people doing the job for us.
Staking cryptocurrency on exchanges is a popular way to earn passive income in recent years.
Blockfi and crypto.com are good examples of platforms that allow us to earn interest by putting our cryptocurrency with them.
I must say certain passive income does come with risk.
I am also thinking about powering up my hive account to earn more hive.
It is like putting money to earn more money.
One simple question that we can ask how we can create passive income is what others have been telling us.
'How can we earn while we are sleeping'
Thanks for reading this post about my recent reflection about asset and liability.
Disclaimer: This is my personal reflection and I am not in any position to instruct anyone what they should do. I am not responsible for any action taken as a result of this post. My post can only be a reference for your further research and growth.
