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Thread: Goal: 500€ per month with crypto and other projects

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    GI Members Moneywise's Avatar

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    Goal: 500€ per month with crypto and other projects

    Hey

    I don't remember where I first heard about FUB (I got there along time ago, in september 2011 and I've been inactive for a while. Happy to come back. Thank you for allowing me to join. I'm grateful.).

    On second thought, I must admit that what got me back here is an email about Palm Beach Confidential (bitcoin expert). (see below)

    I'm 40, I live in Europe.

    I'm an entrepreneur (currently making no money via my projects, so I survive working as an employee ).

    Progressing slowly (paralysis by analysis + distractions + laziness).

    Goal: to make at least 500€/month by December, 31, 2019, as pure passive income.
    And to bring that number up to 1000€/month by December, 31, 2020, as pure passive income.

    I prefer not to mention my past achievements and current projects in details to keep discrete...
    I've achieved only limited things so far. I know I can do much more.
    I consider myself smart, but I lack consistency...
    And I'm not a good manager. That's partly why I focus on passive income (with little or no management required).

    Hence the move to learn about CRYPTO.
    I'd love to create a simple crypto mastermind here to share IDEAS, RESOURCES, STRATEGIES, EXPERIENCE.

    I've only got less than half a bitcoin, so far. But that enough to get the virus!

    I can contribute my positive outlook, some psychological / self help wisdom.

    Lately, I've learned new stuff about crypto, publishing, marketing.

    ps: I've read the FAQs but I cannot find who I should notify to give my email / name in order to confirm that I've paid. The instructions were just :

    Once the payment is complete, please send us the Payment email address and your Personal and Business Name as it's shown in your e-wallet
    I emailed the person who received my paypal money. Not sure if that's what I was supposed to do. For the sake of future newbies, maybe it would be nice to ention exactly who must be contacted and how. As I understand we must not send PMs to staff.

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    themaxx (01-10-2018)

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    welcome back :-) you need to just reply to the pm sent to you with your payment email address and personal/business name. On this forum you can send patriot a private message.
    http://groupinsiders.com/member.php?1-Patri%F8t

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    Patriøt (11-23-2017)

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    GI Members Daroosta's Avatar

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    welcome moneyW we have a lot in common

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    Moneywise (01-21-2018)

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    Good to meet you MoneyWise. I can definitely identify with your intro. As Daroosta said we have a lot in common. Here's to our successes!
    Gma Soup

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    Moneywise (01-21-2018)

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    Thanks. My crypto portfolio is increasing SLOWLY since the end of December 2017. My short term goal is to "complete" my first bitcoin (currently 0.7). It's quite a challenge with my current minimum wage!

    Funny & crazy to think that guys could buy bitcoin for a couple CENTS back in the day. Heck, even a couple hundreds of $ was a great deal a few years back!
    Maybe someday, someone will think that a couple thousands or even 5 figures is cheap as fuck!

    To motivate myself and hodl patiently, I think about John McAfee's estimation of 1 000 000$ by 2020.

    I've neglected alt coins so far. But I should have a couple thousands of euros (fresh money to invest with) coming to me in a few weeks.

    Looking forward to connect freely with anyone who joins the cryptocurrency mastermind / group.
    Last edited by Moneywise; 01-21-2018 at 10:15 AM.

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    500 a month?! 10X that goal buddy!

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    Thanks for the enthusiasm, ambition and advice, man!

    I'm currently generating 0€ per month of net passive income with crypto & other pojects. I know that It's good to dream big and shoot for the moon. However, I also want to be realistic and go step by step. I can live on 500€/month and grow from there. Right now, I'm in a phase of saving most of my salary to have some capital to keep investing in crypto.

    Do you personally generate more than 0€ per month of passive income?

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    GI Members lnx's Avatar

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    Quote Originally Posted by Moneywise View Post
    Thanks for the enthusiasm, ambition and advice, man!

    I'm currently generating 0€ per month of net passive income with crypto & other pojects. I know that It's good to dream big and shoot for the moon. However, I also want to be realistic and go step by step. I can live on 500€/month and grow from there. Right now, I'm in a phase of saving most of my salary to have some capital to keep investing in crypto.

    Do you personally generate more than 0€ per month of passive income?
    I don't believe that crypto is a reliable income source. I do generate over $500 per month in passive income (I will not tell whole number).

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    Quote Originally Posted by lnx View Post
    I don't believe that crypto is a reliable income source. I do generate over $500 per month in passive income (I will not tell whole number).
    OK. You are anonymous though.
    Could you tell what kind of passive revenue it is?

    Renting out an appartement?
    Selling an info product?
    Dividends from stocks?

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    Quote Originally Posted by Moneywise View Post
    OK. You are anonymous though.
    Could you tell what kind of passive revenue it is?

    Renting out an appartement?
    Selling an info product?
    Dividends from stocks?
    Renting out an appartement? no
    Selling an info product? no
    Dividends from stocks? of course not

    sorry can't say without being non-anonymous but it's not the above

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    Moneywise (03-07-2018)

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    Quote Originally Posted by lnx View Post
    Renting out an appartement? no
    Selling an info product? no
    Dividends from stocks? of course not

    sorry can't say without being non-anonymous but it's not the above
    Ah, then there are only five options left I can think of:

    - dropshipping
    - publishing via Amazon
    - royalties from music, songs or artwork
    - applications/software
    - patent rights (from a great invention or some obscure design)
    - some private "fund" opened in your name a long time ago by some relative


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    GI Members lnx's Avatar

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    Quote Originally Posted by Moneywise View Post
    Ah, then there are only five options left I can think of:

    - dropshipping
    - publishing via Amazon
    - royalties from music, songs or artwork
    - applications/software
    - patent rights (from a great invention or some obscure design)
    - some private "fund" opened in your name a long time ago by some relative


    - dropshipping

    no
    - publishing via Amazon
    no
    - royalties from music, songs or artwork
    no
    - applications/software
    no
    - patent rights (from a great invention or some obscure design)
    no

    - some private "fund" opened in your name a long time ago by some relative
    lol
    no i wish. that would not count as residual income though, at least, not an "achievement".
    Last edited by lnx; 02-26-2018 at 12:24 AM.

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    Moneywise (03-07-2018)

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    Quote Originally Posted by lnx View Post
    - some private "fund" opened in your name a long time ago by some relative
    lol
    no i wish. that would not count as residual income though, at least, not an "achievement".
    OK, a couple more wild guesses (some of them are a little bit wild, don't get mad). you're making passive income from:

    - A financial asset of your own, your savings or capitalization over time.
    - A sugar Mummy giving you money for nothing. Just because you're a cute boy. (And used to be an escort.But it's over now. Well, sort of...)
    - A share of an inherited familly business that you do not operate yourself. Like, your little teen sister does all the work. And you piggyback on her efforts. (You dog!)

    - A bunch of cars you rent out via a third party service that handles everything.
    - Just taking welfare money. Like, faking a handicap or some classy trick like that.
    - You're retired from the US ARMY and receive a pension. You're just pretending to be from Belgium because you like Jean Claude VanDamme. Parlez-vous français?

    - Years ago, some rich dude stabbed you twice in the dick in a nasty way. You wanted to make a scandal. Then, his wealthy daddy offered to pay you 1000$ a month for life if you simply shut up and don't sue. Because you used to be a porn actor. And your dick was your tool to earn a living.
    - You won an average jackpot at the megalottery. Instead of taking the one time lump sum, you picked the monthly winning. Because you're smart and plan to live for a very long time and make more money this way.
    - You provide an online service, automatically, via a website.

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    - A financial asset of your own, your savings or capitalization over time.
    personal savings doesn't count as residual income

    - A sugar Mummy giving you money for nothing. Just because you're a cute boy. (And used to be an escort.But it's over now. Well, sort of...)
    that would be nice. but no. and no to escort too

    - A share of an inherited familly business that you do not operate yourself. Like, your little teen sister does all the work. And you piggyback on her efforts. (You dog!)
    i guess that could count as residual income, but isn't actually the case here. no family business.

    - A bunch of cars you rent out via a third party service that handles everything.
    I don't think that's a viable income source. Maintenance and liability would cost more than profit.

    - Just taking welfare money. Like, faking a handicap or some classy trick like that.
    that doesn't count. scumbag losers who leech off taxpayer money (read: losers who don't work using money from taxes paid by actual hardworking americans against their will). definitely not and that does not count as residual income.

    - You're retired from the US ARMY and receive a pension. You're just pretending to be from Belgium because you like Jean Claude VanDamme. Parlez-vous français?
    That wouldn't count as residual income. but it would be great, if you don't die in battle or have permanent mental problems from seeing horrible things in war.

    - Years ago, some rich dude stabbed you twice in the **** in a nasty way. You wanted to make a scandal. Then, his wealthy daddy offered to pay you 1000$ a month for life if you simply shut up and don't sue. Because you used to be a **** actor. And your **** was your tool to earn a living.
    huh? have you been watching american psycho? you've been watching too many movies

    - You won an average jackpot at the megalottery. Instead of taking the one time lump sum, you picked the monthly winning. Because you're smart and plan to live for a very long time and make more money this way.
    gambling is not residual income. and it not a viable source as no one get rich from the lottery. even the winners end up in worse condition and poorer than when they started.

    - You provide an online service, automatically, via a website.
    wow after the ones above, I didn't see this one coming. this is as close as you got. although not exactly but close. congrats!

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    Moneywise (03-07-2018)

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    You guys are too funny...lol

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    Quote Originally Posted by lnx View Post
    - You provide an online service, automatically, via a website.
    wow after the ones above, I didn't see this one coming. this is as close as you got. although not exactly but close. congrats!
    OK, thanks. Maybe a membership site, or referrals for brick&mortar businesses...

    After reading your comment on cryptos not providing reliable (passive) income, I've done some research. Apparently, there are several ways to earn passive income via crypto in a predicdtable manner.

    Basically, it's a matter of either mining / cloudmining (quasi passive), lending crypto, owning a masternode, staking coins as a guarantee.
    Return on investment varies from 1% to 10%. Generally around 4% to 5%.
    Dash will introduce a system which will pay more than 4% just for keeping your Dash coins in the official (secure) wallet.
    Other ones with passive income options are NEO, NEBLIO, STEEM, PURSE, PIVX, POPULOUS, KOMODO...

    I'm looking for more info on passive crypto income like automatic dividends). Too bad the GI crypto community takes for ever to be created. It sucks. I find that members of GI share almost nothing in terms of info / links / ideas... I'll keep looking into the steem community, jeff berwick, cliff high, doug polk, richard heart, max keiser.

    I haven't taken the time to explore specialized crypto forums so far. A lot of noise online... I focused 90% on videos...

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    Great information, Thanks for sharing. I know I had bought some Neo, after a little bit I was given some gas. I was surprised and pleased. I didn't know holding Neo would give you a little gas kickback. That was pretty cool. Although this bear market is depressing. I've got a couple that are in the green only because I happened to buy at a lower price. The rest are in the red. Some are down 85%, I hope this changes soon.

    I try to read the white papers, but I don't understand a lot of the technical stuff yet; so like you I rely on videos and reddit or chat. I know the coins need to have a good team, good product, good road map and lots of chat about them, publicity, so the interest level rises. Without the hype people miss them and don't invest. Crypto Crow & Suppoman have some good information videos that they did recently showing you tools to use and how to stay up with the gossip so to speak.
    Places like...coindesk.com cointelegraph.com livetradingnews.com reddit.com/cryptocurrency twitter, google, facebook and telegram.org Of course the coins themselves all have groups.

    Anyway thanks for the share

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    crypto is a scam. don't waste your money

    if i had bought 2000 bc when they were $30 in 2013 i would be rich. unfortunately i did not and it is not possible to time travel. so, don't bother.

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    Hello Inx,

    Yes, Crypto investing can certainly feel deceptive and is disheartening at times. There is always the potential for a scam to come along, but overall I think most of the teams/coins are on the up and up. Having said that, I believe you do have to do your due diligence before investing into the smaller coins.

    Crypto is a lot like gambling, you're always hoping for that winning hand; you know you have the potential to win and win big. I got involved in Jan and the market has been going down ever since. It wasn't what I expected to be sure, but I still see Crypto as having a significant place in our future. It's not a get rich quick scheme; similar to the stock market you have to ride the lows and highs to get where you want to go. So many companies and governments are getting involved. The Crypto movement is a revolution, with real life and practical uses in our technical world. I believe it’s a very exciting time to be involved and watch the evolution take place.

    The craziness of Crypto is certainly not for everyone, but for those who do want to get involved only invest what you can afford to lose, just in case. There are always new coins that you can get into for pennies on the dollar. The market has dropped so much that you can buy Bitcoin or Ethereum at much lower prices than where they were or where they are going. Like the stock market it can be very volatile, and is, that's what makes it so interesting I guess.

    My mind always goes to the "What if...", so for me, I'm hooked.
    Last edited by Gmasoup; 03-22-2018 at 05:34 PM.

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    no, don't do cryptocurrenty, there is no point and it is definitely gambling and you cannot make money.

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