Probably everyone who is on Steem right now is interested in cryptocurrency, money and MAKING money. Well, everyone knows that there is no magic ingredient to make money without some risk. However, you can lower risk and provide yourself of a steady income from different sources. As each different source has a bit of risk which makes it go upwards or downwards from time to time, you will flatten the volatility out of it.
Tip nr 1.
Invest. Please invest in cryptocurrency. Try to invest around 80 % on the big crypto you trust in, and divide 20 percent in the small currencies which are more volatile.
Your big investment will probably not hit 0. Your 20% may hit 0, so you'll lose some. Let's say you invest 10$ in crypto A and 10$ in crypto B. If A goes down to 0, B can go to 100$. If you spread your investments even more, you will have a higher chance to lift with the big timers.
Tip 2. Create your Steem account and try to create good, valuable content. If you do this and it will stay on the internet, probability is that it will keep making you little bits of income. Even if it is only 10$ a month, it is still some money.
Now try to do this with more sources.
Tip 3. YouTube can be a very good source for this too. Create content which you can share over time. The same rule applies, even if you only make 10$ a month for 1 video, multiply this by your videos and add this to the other 10$ from your Steem posts.
You see what I'm doing here? Creating "income" from sources where you invest only some time in for 1 time, and keep getting value from over time without additional effort!
Tip 4. Do not forget, never put all your eggs in 1 basket. Try to differentiate your portfolio. Invest some of it in stocks, I would not chose too risky stocks because for me the risk is too high and the earnings too low. I prefer crypto over that anytime .
Tip 5. Never ever say goodbye to a good job.
Keep making money by working your day to day job. Of course until you are a mullionaire, then do whatever you like. But seriously, a job is the only low-risk way of creating your income.
That was it! Keep save, trade safe, love thy neighbor and keep on smiling :)
Great tips for a newbie like me. Thanks
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