- Passive Bites
- Posts
- My Top 5 Passive Income Sources In June
My Top 5 Passive Income Sources In June
A few ideas on how to earn some passive income
I have a quite a few sources of crypto and stock passive income.
In this email I wanted to cover the top 5 earning sources that weren’t portfolio appreciation or my businesses (which do have passive aspects).
#1 - Bitcoin mining: $4124
I have been mining Bitcoin for almost a year now. I started with 6 Bitcoin miners and later added another 10. To date I have mined 1.55 BTC with these machines.
They are hosted at a remote facility (in another state) and are completely hands off for me. I just pay the hosting fee.
I made a video recently going much deeper into the details if you are interested:
#2 - Stock Options: $1,908
I started selling stock options at the tail end of March. I have slowly been adding more and more capital to this one.
I have added about $18,000 to my Robinhood account to try this strategy out.
To date I’ve made almost $4,500 in about 3 months doing this.
I covered this in a recent video in depth too:
#3 - Flux nodes: $1,368
Crypto nodes can be hit or miss (and sometimes very risky), but my Flux nodes have been going strong since 2019.
I run 10 of these nodes and they have been consistently earning me money despite the market and despite the price of Flux being down quite a bit.
#4 - Trading Bots: $356
I run a few crypt trading bots (WarBots) and they have been earning anywhere from 5% to 9% per month.
I think this is a higher risk strategy, but so far it has been performing well.
#5 - Blocksquare staking $331
Blocksquare is a Top 5 crypto portfolio position for me and you can stake the tokens for a 13% annual yield.
I think tokenization of assets like real estate is going to be a big part of the future and Blocksquare is one of my top picks in this space. Bonus points that it also generates a yield for me.
So in total, these 5 sources brought in $8,087 in totally hands-off passive income.
I have a bunch of others on top of these that are more speculative or ones like my crypto mining rigs which are mining crypto projects that don’t have a price yet. Those could be potentially thousands in returns.
Hopefully this gives you a few ideas of what’s out there so you can build some passive streams for yourself!
Andy