Hey All,
We all crave for finical freedom and are looking for various opportunities to achieve the same. So what is Financial Freedom? In simple terms, financial freedom for me means to do things you like doing without worrying about any expenses. Talking about expenses when you are financial free - all your expenses are taken care off that is financial freedom. Zero debt - i.e. Have no debt, No loans/mortgage to pay, children's education taken care off and still you have surplus cash with you that gives you the freedom to enjoy you love doing. The ultimate question can financial freedom achieved via cryptos? Can crypto be the platform for financial freedom?
Financial Freedom Through Crypto - Is it Possible?
Before, I answer this question. Lets look at some of the typical habits that leads to financial freedom ::
- Earn More, Spend Less
- Budget + Manage Your Cash
- Pay off your credit card & use less of credit cards
- Invest now, there is no right time to invest, so just invest now
Are you there with me so far? If not that ok. But if yes, then if with you crypto investment you have been doing the same then I would say that you have embarked that journey to financial freedom. Many financial experts says that having a passive income is the key to financial freedom. And in crypto we have abundant ways to getting that passive income. Lets' name a few here on Hive blockchain and @leofinance itself. Hive Power(HP), Leo Power(LP), staking and delegating gets you passive income. Providing liquidity in various pools here on tribaldex & Beeswap can further get you another way of getting/earning passive income. So the point that, I am trying to make here is that - with cryptos earning there are endless opportunities to earn passive income.
Finally, to achieve financial freedom, the foremost step is to identify the level of financial freedom you want to achieve. The level of financial freedom relates to what exactly financial freedom means to you. Is there are number[Thousands, Million, Billion, Trillion] that you have in mind that you want to achieve and once achieved you can say that you are financial free. For someone its just becoming debt free, getting rid of credit card payments, a good retirement plan, maintaining current lifestyle etc etc..
So once you have identified your level of financial freedom for me its the magical figure of 10,00,00,000 Cr. Indian Rupee that equates to $12+Mil. The next step is to prepare a financial plan to achieve it. My plan is simple, which ties back to crypto investment. My main crypto investments are in the following projects::
- HIVE
- LEO
- Spliterlands; SPS, DEC
- VIDYA
- CUB & polyCUB
- LBRY, LBC
- And many more in Osmosis platform
Hopefully these crypto investment turn out be fruitful in near future. So far I have no regrets with all the crypto investments I have made. There has been a lot of learning experience and at the same time, I did make money, bought assets like gold/silver coins, and channelized it to different crypto projects as well. Currently, my passive income via crypto sources are also good - so overall the crypto journey has been great and looking forward to a bright future ahead... cheers...
Image Courtesy:: maximumhorrors.com,
