Savvy investors understand the crucial role passive income plays in achieving financial freedom. Earning a passive income can help you to regain control of your life and free up your time to explore other ventures or investments. The key to success is securing as many passive income streams as possible.
What is Passive Income?
There are three types of income available to you – earned, passive, and portfolio. Understanding the differences between these types of income can help you to better prepare your financial future. Here is a brief description of each form of income and how you encounter it.
Earned income is the most common form of income. Your earned income is the money you receive in exchange for your goods or services. Most people receive earned income from their job. However, you can consider an earned income any income that comes from your direct actions at that time.
Earned incomes are helpful because you can convert your time directly into currency. However, there are some serious drawbacks to utilizing earned income as your sole financial strategy. For one, earned income only generates directly from your actions. If you decide you are going to stop showing up for work, you are going to stop receiving your earned income.
Your portfolio income is traditionally stocks and bonds. For many people, this part of their income is purely for use as retirement funds such as 401ks. For a select few, portfolio income is their main source of revenue. However, this is extremely rare. Also, few people truly understand what’s in their 401k. They just trust their financial advisor to act in their best interests.
Portfolio income is a powerful way to earn. Additionally, apps such as Robinhood makes investing in stocks very easy. The downside of portfolio income is loss exposure. Stocks can and do crash. In most instances, these are corrections, but there have been times in history where these recessions lasted a decade or longer. History has shown that when this occurs, people lose their entire
Portfolio income is helpful but most people don’t spend the time to learn enough about it to ever see real profits. Think about it, how many people do you know that live off of their portfolio income today? If you’re like most people, the answer is none.
Passive income is any form of income you get for work you completed a long time ago. There are so many types of passive income to choose from. Think of royalties, rental payments, dividends, managed business profits, and other non-time consuming forms of revenue as passive.
For example, real estate is one of the world’s oldest forms of passive income. Your landlord rents you a place to stay. Once you agree to the terms of the agreement, your landlord, aside from major repairs, doesn’t have to much more to do except collect rents. If your landlord decides to take the entire month off to learn to surf, he still knows that his rent payment will be there for him when he returns.
Finding the Right Form of Passive Income
The hardest part of obtaining a passive income is finding a reliable and affordable form of it. Those who are very talented or connected in the entertainment business could easily generate a song or some other digital product that would produce continued royalties. For most people, this isn’t an option.
Thankfully the introduction of cryptocurrencies to the world creates new and exciting passive income opportunities. One such opportunity is GSX. GSX is a multi-purpose cryptocurrency. GSX combines the best elements from a stable coin, cryptocurrency and investment coin and is the only stable coin that grows in asset value continually
A stablecoin is a cryptocurrency that derives its value from another asset. In most instances, this is some form of fiat currency like the dollar. Stablecoins play a vital role in the market because they provide investors with a frictionless exit point to avoid times of market volatility.
Additionally, they are easier to use in terms of accounting. Since there value doesn’t fluctuate
violently like Bitcoin’s, there are never any major value losses that occur during market corrections. These reasons are what make stablecoins a popular payment method for firms in the blockchain sector.
Where GSX outshines the competition is the fact that it pays dividends to token holders. Yes, this stable coin pays its holders yearly dividends as part of its core programming. These dividends originate from a share of the revenue GSX gains. Specifically, each token is sort of like a share in Apollo Financials 5000-acre gold mining operation.
As a token holder, you are a partial owner in the firm’s operations including all the gold it mines, the value of the land and the mine, and the overall value of the company. Best of all, both land and gold appreciate in value. Together, they strengthen the value of GSX and provide you with higher dividends.
A Cycle of Profits
As the mine generates more gold, its value rises, also as GSX becomes more popular, its value rises. In the end, the token creates a self-feeding appreciation cycle. Notably, GSX is the only cryptocurrency in the world that offers this.
It’s Just Better
When you evaluate the options for passive income streams, it’s easy to see why GSX is the smart choice. There is very little overhead and startup. You simply invest at GSXCDE.com. Your dividends are based on the company’s value and the amount of GSX tokens you hold. The more tokens you hold in your wallet, the higher your returns.
GSX Provides Opportunity
When you compare GSX ROIs to other passive income streams, there’s no competition. GSX is the most affordable way to start generating a passive income available. Also, the company provides a high level of transparency, including third-party audits, to keep you informed of all the latest developments.