[Post 8] Steem as Passive Income

3년 전

My 1 month Steem adventure has been pretty exciting. I think everyone can start Steem as a form of passive income.

There are 2 different ways I use Steem as a form of passive income. First, is I use @Minnowbooster to lease my SP individually and this translates roughly to around $700-$1000 a month depending on the spot price for Steem and Steem Dollars. This is an amazing opportunity but one should invest in their own accord.

Another way for me to make passive income is smartsteem and smartsteem sells my upvotes https://smartsteem.com?r=johnny-appleseed. st.jpg

This approach gives me around 4-7 Steem Dollars a day which translates to around $600-1000 dollars a month.

Which one do I choose?

I like both approaches and they both make around the same amount of money.

This is money while I sleep.

The biggest thing is what do you do with the extra income per month?

This is strictly my opinion and my advice, but there are also 2 ways to approach this.

1. Reinvest in Steemit.
2. Reinvest in other forms of income and crypto.

For this I choose #2. Don't put your money into 1 basket! Diversify and start reaping the rewards of your risk tolerance and use your dividends for other investments that give you additional income. Once the snowball becomes bigger, you will start enjoying your hard work.

In the near future, I will start posting a cyrpto trading series where I show you results and trades I make on trading cryptocurrencies~

Stay tuned.

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Really nice article. As a minnow with 16 steem power I dream of the day when I will be able to delegate some sp to minnowbooster and earn some money from it.

Right now, I'm just focusing on increasing my steem power. It's a hard journey in the beginning but I enjoy every minute of it.

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good luck to you. I will follow your progress! Never give up!

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Thanks. I won't give up until I reach the moon! :D

I understand your struggle and first of: thank you for selling your votes via smartsteem.

I really appreciate that and I'm glad that you found value in it!

Now - I understand that diversifying is important. But sometimes, it's all about doubling down on one thing.

I personally decided to choose STEEM for this.

1.) it is currently still undervalued. Has a marketcap of 1 billion which should actually be at least 5x the amount.

2.) it has an incentive to accumulate. You can sell and delegate your steempower - or even use it to upvote your posts / other posts for curation.

3.) has a lot of projects and users developing on it.

4.) has a ton of activity, active users and investors on it

5.) it helps you to achieve more on STEEM.

Release the Kraken! You got a 22.54% upvote from @seakraken courtesy of @johnny-appleseed!

They are all very important.
This is really a wise decision.
Thanks for sharing

This post has received a 14.17% upvote from thanks to: @johnny-appleseed.
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Do you know, you can also earn daily passive income simply by delegating your Steem Power to @minnowhelper by clicking following links: 10SP, 100SP, 500SP, 1000SP or Another amount

This post has received a 2.31 % upvote from @boomerang thanks to: @johnny-appleseed

Very nice post.the two approaches you discussed can be helpful for everyone.thanks

You got a 7.25% upvote from @ipromote courtesy of @johnny-appleseed!
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