Secondary Passive income

[PilotDrake1]

Has anyone tried working for the Takealot Delivery Team/Mr Delivery on the side?

 

[Techfox]

It's a bit of a chore hunting the jobs on places like Upwork (you have to actively message people), but you can find some pretty straightforward things like content management (uploading or preparing content) down to 'fixing plugins' for things like Shopify/WordPress

Spending about 3 hours a night Mon - Fri, I work(ed) at a rate between $35 - 50 and could pull around $600 which was near R10,000. After the
20% cut, and some withdrawal and blah blah it was usually around R7K - R7.5K

Up from there, if you learn something like Elementor which is currently booming, jobs can range from $500 - $1000 for 15 - 20 hours with of work

 

[Pansyfaust]

I loan out the crypto and USD I don't use for trading and earn passive income from that with very little input from me.

So far this year I've made more than my take home gross pay for the year from my regular job (in the 31% bracket).

Granted you need a fair amount to loan to make it worth your while to loan for decent rates per day.

You miss out on the opportunity cost of not using the money in other ways, but to me it's about balance of life/work/play.

 

[Rinox88]

I've done a few stuff to make em extra green. One way thats been solid is investing my extra Mandela into ventures at Fedgroup. Bunch of options earning interest from monthly to once or twice yearly . Established in 1990 so they solid.
*disclaimer - my referral link is linked above. One hand washes the other. Now go check it out- they have a cool app as well. Thank me later!

 

[mikewazar]

I loan out the crypto and USD I don't use for trading and earn passive income from that with very little input from me.

So far this year I've made more than my take home gross pay for the year from my regular job (in the 31% bracket).

Granted you need a fair amount to loan to make it worth your while to loan for decent rates per day.

You miss out on the opportunity cost of not using the money in other ways, but to me it's about balance of life/work/play.

Does the institution insure the loaned assets? Remember how this bear market started lmao

 

[Pansyfaust]

Does the institution insure the loaned assets? Remember how this bear market started lmao

Hahah, yeah I know! It's not done in that way. You are loaning directly to people on a platform who use the funds to margin trade and pay you a daily interest rate if they take a loan from you.

 

[mradovan]

Hahah, yeah I know! It's not done in that way. You are loaning directly to people on a platform who use the funds to margin trade and pay you a daily interest rate if they take a loan from you.

Am I reading this right... you provide unsecure loans to random individuals around the globe, who in turn use your money to bet on highly leveraged financial instruments? And if they bet on a wrong "horse", they lose the money and can't pay you back - and you have no way to recover your capital?

 

[Pansyfaust]

Am I reading this right... you provide unsecure loans to random individuals around the globe, who in turn use your money to bet on highly leveraged financial instruments? And if they bet on a wrong "horse", they lose the money and can't pay you back - and you have no way to recover your capital?

Haha, no no no. I do my loans on a platform (Bitfinex) in a style that's orderbook based. I.e, I place my offer on an orderbook and then someone "matches" and agrees to the rate per day.
All done on Bitfinex, which is pretty much one of the oldest exchanges operating. It has had its fair share of controversy, but the relatively low risk is manageable for me.

The people loaning have to be well over collateralised in order to borrow and maintain payments. And max leverage they can do is only 3.3X, so nothing that is degenerate.

 

[NemoXX7]

I wanted to jump into crypto but find it too volatile, so i found an app called EasyEquities which has a portfolio called EC10 which splits your investment over the 10 biggest cryptos, so you dont lose all your money if one of them dips. Invested last week and this week i am already about 5% in the profit

 

[Confucius]

I wanted to jump into crypto but find it too volatile, so i found an app called EasyEquities which has a portfolio called EC10 which splits your investment over the 10 biggest cryptos, so you dont lose all your money if one of them dips. Invested last week and this week i am already about 5% in the profit

Well the thing with crypto is that most of the time they all move in the same direction. At least the top 10 coins.

 

[SDangor]

It would be great to have a crypto group with members from carbie to discuss possible patterns, trades and their fundamental analysis on the whole macro economy right now, since we in this long term bear market

 

[Joe Banker]

My name is Stef and I am a miner

 

[NI∀ƆOƆ‾⊥ᴚ∩ʞ]

My name is Stef and I am a miner

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