I mentioned yesterday in a post that the COTI Treasury APR has slowly risen this week and over night it rose again. The daily rewards are just shy of 49 COTI daily and 50 will be achieved within the next few weeks. This is as long as the APR stays as it is for now.
When I started targeting achieving a passive income stream after the last Bull Cycle in 2021 the aim was to have 10 streams earning $25 each per month. This sounds easy, but finding 10 investments that have real world utility is easer said then done ad why I have concentrated all my energy on COTI for now.
The stake that has bee accumulated over roughly 3 years has to be seen as a foundation and by no means nearly finished. The 49 COTI earned daily and 250 GCOTI earned weekly is now worth $250 monthly making up for the original target of having 10 x $25 income streams.
The real positive is the Bull Cycle is only just starting to show signs of life so this dollar number is only going to rise over the coming months. I still see this as the first phase and at least one more cycle to possibly be ready as a passive income stream. The chances are this stake can be 10 x by the time we reach 2029 and who knows how much this income stream will be worth and passive would be a questionable term by then to how much this will be worth.
Everyone will or should have an idea of having a long term goal in their head of what they would like to achieve and my first target is $10K monthly. Three years ago this may have sounded like a kind of a crazy number, but now I see it as very much on track. This is why sticking to achieving and unlocking goals is done over years and the long term thinking is what makes this all possible. I am 100% confident that within the next few years I will achieve the $10K monthly target and then move onto the next target which will be far easer due to the larger foundation in place.
Use Your Crypto Knowledge
Being able to make a passive income is seen as a holy grail because it is that difficult to achieve. Most investors in crypto are all thinking about their investment mooning and are not prepared to work. The mindset is important because if you can set aside 8 years or 2 cycles you are setting yourself up for life which in my book is well worth the effort and sacrifice. What else can offer you this type of earning potential because there are not many easer options around in the real world.