I have recieved my yearly bank account report just yesterday. This year I've recieved a total interest amount on my money of 1.5 CHF (about 1.5 USD). And no, my bank account is not empty... The reason is that the interest rates are very, very low in Switzerland.
The fun fact is that I've paid about 65 CHF in fees for the same account!
The idea that your money is working for you on the bank account is unfortunately far from valid today.
You have the option to buy shares that pay you dividends as an alternative but honestly when I look at the economical situation worldwide, I don't think it's a wise idea to invest in overpriced stocks today.
Fortunately we have crypto!
Tokens like Steem or Tron are both stakable. It means that you can kind of freeze these tokens and in return get an income. It's not much different from a bank account. You deposit your funds and you get interests. What is different from the bank account is that you get a whole lot of interests with crypto.
Just by staking Steem you get 4.2% just for powering your money up. No strings attached, your stake will grow every minute. Then you have several additional options to increase your income. With Tron you can vote for a superrepresentative that pays you up to 100% of his own earnings. You can get something like 7% APR from that. On Steem you can delegate your staked tokens on the platform dlease and get between 12 and 30% APR.
You can also use this stake to curate content. You will get curation rewards and earn a return on your money.
Whatever you choose to do with your stake, making something between 20 and 30% return on your tokens is not so far fetched.
Earning several times over
There are some great combos that allow you to multiply your income. If you stake steem and you curate posts you will get rewards in steem and also in tron. You can then stake both and increase your income.
Staking is the new saving
By staking your tokens you are building your fortune for tomorrow. It's not possible to know how the prices of these tokens will be tomorrow but it's always much better to have more tokens :-). By building your stake, you build a fortune that remains yours and that works for you every day, every night. With the amazing interest levels that this staking activity allows, your fortune will grow fast.
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