Passive Income: Everything You Need to Know to Earn, Save, and Invest for the Future

Earn, Save, and Invest for the Future

Have you ever wondered if you could possibly get rich without working hard? Let’s be honest and agree that we all have. I even questioned my integrity the first time I thought of it until I went on Google and did a search “how to make money without working”.

Google revealed over 77 million results. This proved one thing for starters. It’s not laziness but as a generation, we are looking for a way out of this dog slavery we are into. We work hard, play hard and yet 83% of us Millennials cannot afford the thought of a timely retirement. Simply because average Millennials are broke or have no savings to speak of. This is the life in general for this generation in a nutshell.

"Formal education will make you a living; self-education will make you a fortune." - Jim Rohn, entrepreneur, author, and motivational speaker.

So, is there a realistic way out of this financial crisis? The honest, genuine answer is YES! And your employer probably doesn’t want you to know that.

So how we do we get out of this situation we’re all a part of?

History shows that as humans, we are capable of miraculous feats from building pyramids to moon-landing. And when we are faced with hard pressing questions, it seems we always come up with answers using collective consciousness, as if by miracle.

And this is what’s unfolding right in front of us. Opportunities and paths are showing up where once there were only doors and walls. And questions are turning into answers somehow.

And what is the answer for us? It’s called ‘Passive Income’.

The idea of passive income is not new but today we have more options and opportunities that are bigger and better. Young people are leaving their daytime jobs and living a better life with their passive incomes.

What is Passive Income?

When you do a search on the internet you’ll quickly find that the phrase ‘passive income’ is loosely coined and can mean many things to many people.

According to Investopedia, passive income is “Earnings an individual derives from a rental property, limited partnership or other enterprise in which he or she is not materially involved. As with non-passive income, passive income is usually taxable; however it is often treated differently by the Internal Revenue Service (IRS).

In broad, general terms, it’s a regular income earned with little to no effort. People with passive income tend to mainly work from home and lead an ‘I’m my boss’ lifestyle.

Usually, in most cases, there’s no material participation. Say, for example, you come to an agreement with a startup skateboard company that you will invest $10K and in return get 5% of their annual profit. This would be considered as passive earning as long as you do not participate in the day-to-day business affairs in a meaningful way.

But that’s not the only way.

Another easy way of understanding passive income is to look at authors. Stephen King wrote a book called ‘Rage’ in 1977 and 40 years later, he is still getting paid for every copy sold.

Things You Should Know About Passive Income

Passive income in today’s world is a lot more than just earning money from rental, bonds and books. Thanks to the internet boom, now there’s a plethora of ways to earn from decent to huge amounts of money without really working hard.

‘Earning money while you sleep’ might have sounded like an outright sham a few years ago but in today’s digital world, this is a reality. However, many people have yet to wake up to this reality and are still trying to make ends meet in the so-called ‘conventional money making’ way.

does it really work or is it even legit?

A quick Google search will quickly remove these natural doubts. I typed in Google “how to make money without working” and got the following results.

Things You Should Know About Passive Income

The first thing you’ll notice is the staggering number of results, almost over 77 million. And then, have a look at the quality of publications who published articles on this topic.

You’ll find related posts from the world’s most reputed publications like Huffington Post, Entrepreneur, NY Times, LifeHacker, The Balance and almost any other you can imagine.

The next natural question that most people ask at this point is, ‘so, why aren't people doing it?’

This is a great question and here’s what I think it is.

But firstly, we need to know, there’s a great number of people who are regularly earning passive income from every little corner of the globe. And it’s not just by investing in bonds, shares and rentals. estimated a staggering 6.7 million bloggers (blogging on blog sites) in 2016. And a huge number of these blogs are raking cash for these bloggers. The number can be anything from $0.01 to $10,000+.

Monthly Earnings of Pro Blog Readers

So, back to the question.

    • Skepticism. One of the reasons why the majority of people are not earning passive income is because of skepticism. There is a study in psychology called ‘negativity bias’, which shows us humans can be hardwired to be negative. And that, negative perspective is more contagious than positive perspective.

    • Internet scams.The history of online scams runs so deep that it is very difficult for anyone to trust anything that sounds good. Internet shams have ruined families and lives of countless, starting from petty theft to organized hustling like many MLM scams.

    • Lack of examples.When you do not have an example to follow, it can be daunting to tread an unknown path. Unless you see someone firsthand making a living from passive income, it can be hard to fathom how much you can actually earn. It’s easy to see why people successfully earning from home can quickly influence their friends and family.

      So, try to see if anyone you know is earning a substantial amount of money outside of a regular job. Once you find one, get in touch and ask them how he or she is doing it. I’ve seen from experience that passive income earners are very willing to part with their knowledge and want others to succeed too.

    • There’s nothing called free lunch. This phrase has been so hard-drilled in our system that we often struggle or even disapprove of easiness of life. Social institutions over the decades tried to make us believe that - life is hard’, we need to work hard to be successful, stress is part of a successful career, and so on.

  • These rusty dogmas are fast falling apart in this new age of open information. When you look at life, you realize that the best things in life actually come easy and even freethe best things in life actually come easy and even free – air you breathe, water, beautiful natural scenery, an abundance of information and entertainment on the internet.

    This list can go on and on. Yes, people make money from ads when you visit their free info but that doesn’t cost YOU anything.

    Those people who believed in making money without working hard are in fact doing it and many are doing it extremely well.

    “Beliefs are choices. First, you choose your beliefs. Then your beliefs affect your choices.” – Roy T. Bennett

Kick-start Your Passive Income. Top 5 Ideas to Make Money Without Working Hard

Like I mentioned there are numerous ways to generate side income from the comfort of your home and new avenues are popping up all the time.

So, here are the top ones that we feel are the easiest and has the potential to become your prime sustainable income.

1 - Blogging


Before internet, writing to make money was a thing for the privileged talented writers. Things are not quite the same. You can now write about your hobby or any subject you think you’re an expert on and make money by starting a blog. Bear in mind there has to be a market for it.

So how can blogging make you money?

If you’re just starting out, I suggest you write for others. There’s a surplus of jobs and you can find them on freelancing sites like Upwork, Freelancer, PeoplePerHour and many others. Start writing for others at your own pace and pick up experience along with a paycheck.

To be a professional blogger you need a website. Many bloggers do not have the time, patience, knowledge or resources to make a website.

If that is your case, then you can use readymade website platforms like, Weebly, Wix or Squarespace. You can have a stunning looking website up in a day without any coding knowledge. They are very reasonably priced and starter package prices can start from less than $10/month.

Wordpress is currently the No.1 choice for bloggers.

Once your blogs start generating traffic, you can make money from PPC (Pay Per Click) and CPM ads. The most popular platform for ads is Google’s Adsense.

You do not need to contact a single advertiser, your job is to place a banner on your site and Google places ads in there relevant to your content.

If your blogs start getting heavy amount of traffic, you can also earn from selling private ads. With these ads, you are able to remove the middleman and set your own price.

2 - Write an eBook

Write A Book

This is a great way to earn money on a regular basis from a one-off job. An eBook is a book like any other but written and formatted digitally. The difference is that it should be digital friendly, easy to read, aesthetically pleasing to the eyes and easy to download. You might also want to optimize your ebook to cut through all the internet noise and be more visible.

You can write an eBook about anything you feel would be worth spending money on. It could be a travel guide, fictional novel, science-fiction, self-help, how-to-guide, religion, spiritualism or just about anything you can imagine.

There has been a phenomenal rise in popularity of eBooks. 221 million eBooks were sold in U.S only in 2016.


Image source: Statista

Amazon is the best place to start self-publishing your eBooks. This will instantly place you on the biggest e-commerce platform and people will be able to purchase your eBook directly to their devices.

Amazon has even simplified this process for beginners with their Kindle Direct Publishing program.

You can upload your book on Amazon in minutes and it will be on sale globally within 24-48 hours. For every book sold, you get to keep 70% and Amazon keeps the rest as commission. That’s fair if you ask me, considering how much legwork and time you will save.

3 - Vlogging or Video Blogging

Ventures Growing Rapidly


This a rapidly growing venture and vastly popular with the young generation. You can make videos about anything you can possibly think of, from Home DIY, Gaming, Sports, Comedy, Marketing, Gossips, Fashion, Meditation, Cosmology, Basement life, Garage band or basically anything in other words.

All you have to do is make your videos, publish them on YouTube and attach Google Adsense to the videos. And you make money when viewers click on the ads. Check YouTube’s own tutorials to help you monetize your videos.>

The key to success here is creating compelling videos on a regular basis. Volume is definitely a success factor here. And promote your videos using social media websites.

As you can see all of this can be done from home. There IS work involved here but it’s fun because you’re doing what you LOVE doing.

Once you get going on YouTube, you literally make money while snoozing.

Daniel Middleton or DanTDM is a young British guy with more than 16 million subscribers, mostly kids. He is highly sought after by the biggest gaming brands like Lego and Mojang. Why? Because kids want everything he shows to them in his videos. And these big brands want his endorsement. Say ‘Hi’ to influencer marketing.

4 - Freelancing


Freelance economy is soaring with no looking back. In U.S alone 53 million (34% of the workforce) are doing some sort of freelance work, contributing an estimated $715 billion to the American economy.

“The freelance workforce is the fastest-growing component of the economy. Figuring out where it is going is the most pressing question of our digital age", says Louis Hyman Associate Professor and Director of the Institute for Workplace Studies, Cornell University School of Industrial and Labor Relations.

Extra money and the flexibility of work hours are the top drivers for the growing popularity of freelancing. 80% of regular jobholders say that they will be willing to work as freelancers.

You can earn money by offering your service and doing something you genuinely enjoy doing like writing articles, designing, coding, photography, creating animation, writing recipes, editing videos plus there's an abundance of jobs in other areas.

To start freelancing online, choose a freelancer platform. There’s several out there, some of the more noted ones are –

  • Upwork
  • Toptal
  • Freelancer
  • Craigslist
  • Guru
  • 99Designs
  • PeoplePerHour
  • iFreelance

Which one of these will tick for you is up to you and your expertise. Generally speaking, Upwork, Freelancer and PeoplePerHour are good places for starters. Most of these platforms will charge a percentage in exchange for their efforts.

iFreelance is the only one so far, that lets you keep 100% of your earnings.

A good way to start is to focus on a niche and do something you really enjoy doing. For example, instead of saying ‘photography’, you can say ‘automobile photography’ – there’s a growing market for photographers in this field and clients prefer experts.

In short, try and be an expert in your field. And, the other quality that is really a virtue here is PATIENCE. It might take a week or even weeks to get your first job but once you pick up the momentum, you’re on a roll.

5 - Invest in Opportunity - Cryptocurrency


There are times when opportunities will knock on your door. And it’ll be up to you to decide whether to open the door and let it on or turn a deaf ear.

Cryptocurrency is the light, where once there was only darkness for Millennials.

Stable income, properties, vehicles, country house, retirement money is all but fantasy for most Millennials. Whereas, some may think “This only happens in America”, the average have no idea what to think. A recent 2016 study by Go Banking Rates show 69% of Americans have less than $1000 in savings and 34% have no savings at all.

And then we see something amazing. 1% of the global population control more than 50% of wealth.

If that wasn’t shocking, Oxfam reported that 8 Top 1%’s wealth = wealth of 3.6 billion poor people.

But those are just numbers. Inequality in wealth distribution goes far beyond that. We will talk more about that later in this article.

“Yesterday is not ours to recover, but tomorrow is ours to win or lose”. Lyndon B. Johnson
Every obstruction brings with it an opportunity.

Bitcoin is the child of financial inequality, subjugation and evolution. It marked the beginning of a transition, a paradigm shift. It shook the centralized institutions and gave Millennials the survival line they were looking for.

‘Hello’ Cryptocurrency.

What is cryptocurrency?

“A cryptocurrency is a digital currency that is created and managed through the use of advanced encryption techniques known as cryptography.” - Investopedia.

Bitcoin investment was once a very grey area and things were very fuzzy. Not so much anymore. It’s becoming more mainstream than anyone anticipated even a few years ago.

It’s almost like God’s gift. We still don’t know the brain behind it, we just have a name called Satoshi Nakamoto. But we do not know if he is a she, a person, an organization or anything.

Cryptocurrency is the biggest investment opportunity that we have been presented in our lifetime.

More and more Millennials are taking up this opportunity and many have already achieved the status of a millionaire – they have joined the elusive 1% of the Top Wealthy.

Later in this article, we will see how we can invest in cryptocurrencies without risking too much.

But first, let’s go through the other facets of the ‘Science of Creating Wealth’.


Why Save


Not everything that’s old is obsolete. Saving for the future seems to be a timeless principle that transcends time and generations.

The general consensus says that the fun-hopping Millennials are not good when it comes to saving money. And some of the stats shown earlier will support that view.

But savings can transform the way we live our lives. And we’ll see why saving shouldn’t be an option if you can manage to put away.

Saving brings fun and quality back in life

  • Emergency cushion Sudden and unpredicted situations often call for emergency funding. Having a saving means you can fall on it without having to go into debt. Ideally, this emergency fund should be equal to 3-6 months of your expenses. Realistically, $1000 is a decent start.

  • RetirementWe cannot carry on working forever even though many Millennials feel that they have no choice. Savings can take the place of your income the day you don’t have a job. Start saving as soon as you can, this will take the pressure off future savings.

  • InvestmentTo invest for the future, you will need money. The best practice is to save money and invest, rather than borrow to invest.

  • Property / VehicleTo invest for the future, you will need money. The best practice is to save money and invest, rather than borrow to invest.

  • EducationGood saving is important for those who want to go back to school and do their Masters or Doctorates. It can also come in handy for your child’s education when you look into plans like 529.

  • VacationsFor a generation of Peter Pans, fun is an essential element of life and so it should be for all. Having savings will allow to stretch your budget every now and then and have that dream vacation instead of going to the nearest seaside every year.

    You can see, saving money is not just a boring idea to safeguard post-retirement life. It can reduce worries, anxieties, stress and lets you live a happier and fuller life.

  • Live today and plan for tomorrow.

Saving vs Spending – The Right Balance

Spend Now or Save for others

The dilemma to save or spend is pretty much universal and we all face it. As trends and stats show, the majority of Millennials, after a lot of head scratching give in to ‘Spending’. It’s not a crime. Somehow, our generation has evolved like that – we want instant gratification. We want things now and we want it quick – ‘Instant Download’, ‘Same Day Delivery’, ‘Instant Access’ is what we seek.

This leads us to a problem. We do not want to think too much about the future or ‘deferred gratification’. Hence, instead of putting away a percentage of our income, we end up spending in Top Shop and Starbucks.

According to Acorn’s report Money Matters, 41% of Millennials surveyed, admitted to spending more on their brew than their retirement plan.

Brew vs Bank


So, for a generation that prioritizes overpriced coffee over future plans, it’s important that we learn how to balance both. Having a balance is vital for a debt-free and financially-independent life. Every dime and nickel you save add up and over time multiply into a significant number that you cannot ignore.

So, let’s see how we can have a balance between these two poles.

Change your mindset.

Foremost, we need to change our mindset. Financial success is more than just math. Our mindset plays a major role in how we shape our present and future. We all know we should spend less than we earn. However, our brain likes to trick us into wanting to do the opposite.

Approach savings as an exciting challenge rather than an obligation. List all the good and amazing things you can have in life when you win this challenge. This will work as motivation and you’ll feel great about every buck saved. Get passionate about saving.

Once you get into that mindset, saving will come naturally after a while and won’t feel like a forced dull discipline.

Set short-term goals

Rather than being overwhelmed at the thought of long-term saving, you can make it easier by planning your finances in 5-year blocks. Set a goal for 5 years or even a little less and stick to it. Achieve the small goal successfully and it’ll become a habit.

Reward yourself.

When trying to find the right balance between saving and spending, it’s important you spend as well. Allocate a certain percentage of your saving to reward yourself with a new jacket or a night out with your partner. It will encourage you to save more when you know the rewards will be directly proportional to your savings.

Choose your circle of associates wisely. As the old proverbial saying goes - You are who you hang out with.

“If you hang out with chickens, you’re going to cluck and if you hang out with eagles, you’re going to fly.” – Steve Maraboli

This is true when it comes to saving and spending too. If you want to save and have fun at the same time without overspending, you need to pick a circle of friends who do the same or at least think likewise.

If you are serious about having fun in life, then it’s best to stay away from reckless spenders.

Make life exciting. Choose a hobby.

Like I mentioned earlier, saving can sound boring and daunting and without the right attitude in life, it can get boring. Make sure to get involved in things. Hobbies are healthy and most are fairly inexpensive.

You do not have to join a Book Club (even though it’s great fun). Think of something that you love doing, something that excites you and spend your leisure time following your passion.

You can even try out something new. Start cooking, join the local gym or start playing a musical instrument. You get the point.

Make a budget.

To have fun now and secure your life for the future you will need some basic math and discipline. This is called budgeting. This is one of the most important steps to financial freedom and turning goals into a reality.

Calculate your expenses and find out your monthly outflow. Bank statements and receipts will help you figure out how much you spend (or overspend). Some expenses are not monthly but intermittent like a quarterly payment, so you might have to do an average of 6 months or even a year.

While budgeting, keep in mind unexpected bills like repairs and ceremonies like birthdays and weddings.

Do not forget to allocate cash for your entertainment.

Check your budget to see how much you’re saving. Are you spending more than you’re earning? Or you are breaking even every month. If so, it’s time to cut down on your budget. There’s a number of easy and clever ways to spend less.

Investing For Freedom.

Why should you invest now?

There are many reasons to invest and the list is long, starting from financial reasons to positive behavioral patterns. But here, we’ll focus on the two most important reasons behind investing – Financial independence and Value of Fiat currencies.

Fiat Currencies – Buy with them now or you may never

Fiat currencies are more volatile than we are told. And for those who do not know what Fiat currencies are, it’s the paper dollars in your pocket.

I love dollars, so what’s wrong with them?

Fiat money is a currency that is not backed by gold or any commodity, rather its value is dependent on the strength of the government and its decree.

Unlike Chinese Yuan and Russian Ruble, fiat currencies have no gold value. But western media or government does not talk much about it. And they have good reasons to stay tightlipped.

Investing For Freedom

Cartoon by

It’s wise to leave the general population in the dark for the health of a country and the elites that control the wealth. If the general public realized that the fiat monetary system is manipulated at will at their expense to profit the elites, serious cracks will start to appear in our social-economic system.

In a nutshell, the dollars you make and save at present with your hard work might not be worth a fraction in the future. You save for years to realize your $50,000 is not even worth a toaster because it’s toasted.

This is the reality. Fiat money is the illusion that governments use to keep peace and buy our loyalty.

This not an effort to inject fear into the readers. Rather, it’s revealing the false sense of security we are given by our social institutions.

Invest now with your Dollars and Euros while they still hold their worth.

Invest in the Future.

It’s very much unanimous that we need to invest our earnings in order to live the desired lifestyle. Beginning is the hardest part, like anything else. So, before you begin, make sure to read about investing as much as possible before you take the plunge.

Most investment experts are of the undivided opinion that we should all diversify our investment, irrespective of the current market situation.

And here’s a general guideline that will help you to do it.

The Investment Psychology

Millennials might be the most tech savvy generation of all times until now but when it comes to investment savviness, they don’t seem to rank well at all.


Statistics by Acorn Money Matter Report

Lack of investment knowledge is a general problem for most, hence it’s a good idea to look a little deeper into the psychology of investment.

So, let’s take a dive inside and get to the root of the problem.

“Winners think differently; it is not how much you know, though knowledge is important. It is not how hard you work; It is not the depth of your experience, though you cannot become a seasoned operator without it. The real difference is the way winners think” – Colin Nicholson

Dangerous Situation

We are all children of evolution. And that means by nature we have been programmed to flee or hide from dangerous situations. This instinct that has made us the most well-protected species on earth is also the reason for some of us being unsuccessful investors.

A recent report in the UK shows that 1/10 Fidelity Funds Network’s customers have switched from high-risk stocks to low-risk bond funds as a result of recent Brexit worries.

So, that was a direct result of panic, fear of loss. Had those customers thought about it more rationally or with a winning mentality, they would be sitting richer today with the stocks’ prices going up as the FTSE moved up.

Some of us would love to fantasize ourselves as natural risk takers but when push comes to shove, most investors opt for value preservation over high-risk, high-yield investments.

The fact is, most of us approach investment with caution as if we are approaching a saber-toothed tiger.

Strategy is not everything.

Strategy is important but not the key to success as many investors would like to think. Most tend to think that they will be fine if they follow a carefully planned strategy. The very word ‘strategy’ tricks our brains to think it is some sort of fool-proof formula even though we know it’s not as it often shows in investment.

“Only those who will risk going too far can possibly find out how far it is possible to go.” — T.S. Eliot

So what do you do when you see your most well-planned investment portfolio starting to lose money?

Most rookie investors (and even some experienced ones) sit there watching the value drop in the ‘hope’ that someday it will recover.

Kahneman and Tversky revealed a study in 1991 showing how investors suffer twice as much pain from losing $1 than gaining $1. And this is one of the driving reasons why some investors hold on to losing stocks rather than selling them and saving the investment for a sunnier day.

We all seem to know and agree that investment should be a rational process but emotion seems to be the main driver while making the key decisions.

William J. Bernstein says in his book Four Pillars of Investing, that by nature, humans are not good investors. His study of behavioral science identified some human traits that lead us to irrational decisions.

Look at these behavioral patterns below and then consciously try to avoid them.

  • Following the crowd - Humans are social animals and consciously or unconsciously like to follow the crowd. This trait is like a timeless classic when you study the stock market. People tend to go for highly fashionable investments with overpriced price tags.

  • Overconfidence – A study shows that most investors tend to think they are better than average and that they will ‘smack’ the market and outperform their peers. Confidence is a great asset but overconfidence leads us to blind irrational decisions.

  • Entertainment – Investment is not gambling but many treat it like one for high potential returns. Educate yourself for high potential returns instead of throwing dice.

  • Short-term focus – Another pressing human psychology is the aversion to short-term pains. This is a hindrance to long-term success. Put behind the ‘feel good today’ factor and set a long-term goal.

  • Becoming a ‘Giant’ – Bernstein pointed out that wealthy people are often sold to unusual investment items on the promise of great returns. Don’t think stardom when choosing your investment.

Passive Income Investment. Stocks and bonds.

Historically, investing in stock market has been the most preferred way to earn passive income.

What is a stock?

Simply put, it represents legal ownership in a business. There are two kinds of stocks – Common Stocks and Preferred Stocks. Here, I will be referring to common stocks when I say ‘stock’.

Investing in stocks is a great proven financial growth strategy for those who have time in hand. And Millennials have just that.

Most business savvy investors tend to agree that there’s no other investment that does better in the long run. That might change in the future but this is pretty much a universal truth as it stands today.

Stocks and mutual funds offer the most potential growth. Studies show that in recent years U.S stocks have consistently outperformed bonds over a long period of time, despite their rollercoaster nature.

Morning Star

Data source: Morning Star Inc

The image above shows the worth of $100 over the history of stock market. This means that if you had invested hundred bucks wisely back in 1926, you could have been sitting merry with half a million bucks in your bank.

Stock investment is a great passive income opportunity for Millennials. It’s because they have enough time on their side to ride out the natural downturns in the market.

And time is money. So this means, you can invest as much or as little as you want. The image below should give you a clear picture of returns you can expect.

Average Chart

This chart shows an average and should not be taken as a guide. However, it shows that generally, an aggressive mix yields the most growth.

If you are planning to invest in the stocks and bonds for future passive income, make sure to go out there and EDUCATE YOURSELF ABOUT STOCK INVESTMENT BEFORE INVESTING A PENNY.

Read and learn as much as you can before you get into investment.

Risk comes from not knowing what you are doing.” Warren Buffett

Cryptocurrency. Biggest Passive Income Opportunity or Bubble?

The rise of Bitcoin has been shrouded in more emotions than it was thought possible. Truly, this is one of the most talked about things in the world today.

It has attracted more investors, cynics, fans, skeptics, finance gurus, philosophers, economists, bankers, anthropologists and people from every facet of our society than anything ever heard of.

And even today, after all the debates and discussions, threads and forums, it remains unclear like a mystic’s vision. Some even philosophize that this is how nature manifests collective human desire.

So, yes, there’s a cosmic amount of speculation and uncertainty surrounding cryptocurrencies.

But lately, there have been signs that might help us decide on which view to take – whether to accept or reject a currency most people know very little about.

Firstly, let’s take a look at the soaring price of Bitcoin even though for many that shouldn’t be a sign or a driver. I agree.

US Dollars

This was recorded on December 02, 2017 at 10.30 GMT. The value of Bitcoin has almost doubled in less than two months.

Now, this is phenomenal, unheard of. That means its price has surged 900% in 2017.

So, a simple calculation tells us that someone who purchased 2 Bitcoins for $10K is worth almost $20K in a matter of 45 days. And the Wall St. whales who invested a lot more have literally earned millions in a matter of weeks.

To some, this is a sign that Bitcoin and other cryptocurrencies like Ethereum are the future. But to others, this is a sign that it’s a bubble.

Highly established financial institutions are encouraging the use of cryptocurrency. Now, this is the sign many people wanted to see, including me. Financial flagship institution Fidelity Investment came through recently to publicly show its support and then went one step ahead to fully embrace cryptocurrency. And this news was everywhere.



Fidelity CEO Abigail Johnson was quoted as saying –

“Blockchain isn’t just a new way to settle transactions; it can fundamentally change market structure, or maybe even the architecture of the internet itself. When combined with things like the Internet of Things or the cloud, there’s no underestimating the potential that’s on the horizon.”

This to many is a huge step forward for the monetary system. Other major institutions like Forbes and Fortune did not shy away and came forward with their support.

Banking Giants are now embracing Bitcoin. Another major step forward for bitcurrency enthusiasts is the fact that some of the biggest and most reputed banks in the world are embracing cryptocurrency. The list of banks includes Barclays, BNP Paribas, SocGen, Citi Bank, UBS, Goldman Sachs, Standard Chartered and Santander.Barclays, BNP Paribas, SocGen, Citi Bank, UBS, Goldman Sachs, Standard Chartered and Santander.

This for many was the hard solid evidence that they were looking for. This got people saying “If this doesn’t tell you where cryptocurrency is going, then you’re not listening”.

The argument, debate and speculations are still very much on. Nobel Prize winning economist Joseph Stiglitz Believes Bitcoins should be banned.

The fact remains, it is one of biggest movements in current time and it’s made a whole generation of people sit up and think.

Is cryptocurrency a good passive income opportunity then?

No honest person, whether biased or neutral, has a definitive ‘yes’ or ‘no’ to this question so far.

But these real-life stories may help you decide for yourself.

Jeremy Gardner, an average Millennial, twice thrown out of college, took his first stab at cryptocurrency in 2013 and is today a multimillionaire.

“No longer did I have to rely on a centralized intermediary, a troll under the bridge, such as a bank or government … I could, just with an internet connection exchange value with anyone in the world who also has an internet connection” he said.

He raised over $5 million in a crowdfunding campaign for Augur, a market forecasting platform.

Erik Finman was a school dropout who used the $1000 gift from his grandmother to buy Bitcoins for $12/piece. Now 18, he holds 403 Bitcoins under his belt which makes him worth over $4 million.

He says, “One teacher told me to drop out and work at McDonalds”.

Charlie Shrem, a computer geek and an entrepreneur at heart got in early and bought Bitcoins in 2011 when hardly anyone knew of it. He started BitInstant at 22 years of age and today is net worth $45 million.

These are but just a few of the real-life stories.

For many Millennials around the world, cryptocurrency has been a life changer. Real stories of ‘rags to riches’ are no longer confined to U.S and the western world. Suddenly, we are seeing a global democracy through a single currency. That is hope for millions of people and you and I are part of it.

Final Cut.

Passive income has been widely under-rated and overlooked for many years even though it was changing lives. However, the advent of internet quickly changed things.

We’re seeing a paradigm shift. The social and economic system is undergoing changes that were unimaginable 3 years ago.

Passive income is on the rise and is the choice for the majority now. Even people with fantastic regular jobs want to venture out and get an experience of the financial freedom that’s been championed by the ‘latte loving, reckless generation of Peter Pans’, the Millennials.

For many, passive income outdoes active income and it’s becoming the main income, if not the only income.

Getting rich without working hard is real and it’s happening now.