We all have the same 24 hours in a day, what a blessing it is to be able to make the most you can with the time God has gifted us with.
I am trying to buy back as much of my time as humanly possible by investing in as many cash flowing assets as I can.
One asset that I use to make extra income is trading crypto automatically.
I currently am involved in a liquidity pool where I gain income by helping facilitate the trade of the cryptocurrencies Raydium and Solana.
I am currently earning a 20% APR with this endeavor.
Another way I am making a few extra bucks aside from my job as an EVS tech is by buying the ETF SCHD .
I gain a 3.3% dividend yield along with about $9.50 per week in premiums on options I sell against my position whilst using the wheel strategy.
Yet another way I make extra income is that I keep my emergency fund in a high yield savings account like Marcus by Goldman Sachs, which currently yields me 3.59% on my money.
And let’s not forget about the tax liens in Arizona that I have that yield 16% all backed by real estate that I can foreclose on and resell if my money isn’t paid back.
I do these things because I want to be financially independent and retired already.
Working as an EVS tech at the hospital I work at I see a lot of sickness and injuries.
It’s really hard on the psyche. It makes me think that I don’t want to wait until I am too old and frail to enjoy retirement.
I want to make enough money to enjoy my time now and I use capital allocation as a means to this end.
As the historian Will Durant said: “Men who manage men, manage men who only manage things but men who manage capital manage all.”
Food for thought.
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