Passive Income – The 33/30 Strategy

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3 Aug 2024

Everybody Desires It
I have always maintained that passive income is the apex of income generation. The advantages are unparalleled as it no longer requires your time and attention, once in place. Remember, time is your most valuable asset. It cannot be replaced and is more scarce than Bitcoin. Creating passive income mechanisms should be a part of every Crypto enthusiast’s journey. This is especially true because crypto is particularly well suited to passive and semi-passive income. Various staking and inflationary-based models are rife within the Crypto economy.
Tokenized models are often inherently passive regarding their ability to produce additional income in some way shape, or form. Many choose to envision this particular goal as unachievable. This is largely due to the task appearing as a mountain too steep to conquer. However, choosing to break it down into manageable and achievable goals is where the victory lies. The Crypto economy lends itself well to this approach as it is rife with opportunities. Furthermore, many opportunities within the Crypto realm don’t require investment capital.
Newcomers to the crypto space are likely to think only about deploying capital. In TradFi, this is the only way income is generated. However, thanks to WEB3 and other blockchain-based models, opportunities exist for anyone with an internet connection and a little time and dedication. Remember, one can get the ball rolling with semi-passive forms of income. Building multiple income streams provides an environment where a larger goal becomes more manageable.
33/30
It’s like meeting a high quota as a citrus farmer. The more trees you have, the easier it is to meet the quota. This is largely due to the limitations of a single tree. Similarly, many Crypto and WEB3 opportunities have limitations regarding their income potential. An investor who is solely reliant upon staking models is unaffected. It’s a simple scenario of investing more to gain more. However, due to the diversity of income models within the Crypto space, there are those with limitations.
That is why this particular strategy is so effective. So, what is the 33/30 strategy? It’s establishing 33 small passive income mechanisms to reach a more significant outcome. Let’s say you wanted to earn $1000 in passive income. By utilizing the 33/30 approach, one would need to have 33 small income streams producing a dollar each per day. This is an easily achievable target. This daily figure can easily be exceeded, allowing a reduction, as a single opportunity may count as two or three mechanisms.
In a scenario where 33 opportunities produce a single dollar each over 30 days, the eventual outcome is approximately $1000. Maximizing an opportunity and seeking additional opportunities makes a significant goal more manageable and achievable. This idea can be adjusted and revised for varying income levels. Essentially, it’s reducing a hefty endeavor to bite-size pieces. Choosing to compound these earnings will create additional income streams over time.

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Final Thoughts
Many choose to abandon the idea of passive income. Create your first mechanism that generates a dollar per day, and then move on to the next. Get the ball rolling, you never know where you may end up further down the road. Do what you can do today and then grow from there. That’s it for this one. Enjoy your weekend and I will see you in the next one!

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Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.