Saving is never going to be enough

Author: Elle Miller

If we were to turn to our parents and grandparents for financial advice, many would probably say the same thing: you need to save what you earn.

I have a hard truth for you… saving what you earn will probably get you nowhere. The average bank interest rate you can earn on your hard-earned money is between 1-4%... a year!

With inflation rates increasing at a rapid pace all over the world, you’ll be losing the value of your money faster than you can earn interest on it. It’s clear that relying on saving is never going to be enough.

If you want to be able to enhance your life truly and achieve financial independence, you need to think bigger. Saving is only the first step to creating better financial habits that can snowball into a better future. What’s next?

Increasing the size of your incoming revenue streams is key - it’s what you need to do to buy back your time and freedom.

For many people, it’s difficult to find and start new streams of income successfully especially if you already have a full-time job or business. With only 24 hours in a day and limited energy, how can you create the wealth you dream of without pouring all your resources, energy, and time into it?

That’s where passive income streams come in. 

Passive income is all about money coming in that you can earn continuously without having to put in any extra effort. It’s the money that comes in after your upfront hard work is complete. Work once and reap forever…

There are many ways to earn a passive income but most of them require a lot of capital and time. If you want to start earning passive income, you have to invest in something that will eventually pay you back without massive risk or time suck.

Blue chip safe investments are expensive or hard to get a hold of and historically they are only available for the rich and well-connected. To acquire large real estate holdings or invest in risky stocks the process is often tedious and complicated. Thankfully, the world is changing and that means options are opening up for those of us who are everyday investors. 

With the dawn of new technology particularly blockchain and cryptocurrencies, investments are now democratised. Just about anyone can put in some effort and a little capital and have the opportunity to earn generational wealth from it. 

Some people are lucky and invested randomly and got rich…

Some people have poured their life savings into investments and ended up losing it all…

Some traders spend all their hours day staring at graphs to earn a bit of money per day…

Some have wasted a lot of capital through trial and error…

Some have wasted a lot of time and effort scouring the web to understand how this emerging technology works…

Some have never even invested and lost millions in potential because of their fear, uncertainty, and doubt…

We’ve worked with and met many people that are those people we’ve listed above… and it’s clear that there needs to be an easier and more strategic way to approach investing in crypto to earn a digital passive income. So, that’s why we focus on making crypto investing safe and easy...

If you’re ready to start your crypto journey today, join decryptingcrypto.com and get invited to our exclusive free masterclasses where we share strategies that have allowed hundreds of our clients to multiply their capital and earn a passive income.