Having multiple streams of income has moved beyond luxury and has now become a necessity in this day and age. The pandemic that hit the whole world last year was an eye-opener. One of the things it has taught many people is to not put all their eggs in one basket. Many jobs were lost, and families were left stranded as a result.
Simply put, it gave the whole world a really good shake, reiterating to people that having multiple income streams should be at the top of everyone’s priority list. Fortunately, many people have caught on to this, and many have successfully found other means by which they can have a steady inflow of cash.
The necessity of this cannot be overemphasized. Regardless of whether you have a permanent job that brings in $15,000 or $1,500, having more than one source of income is never a bad idea. Are you planning on buying a home, going on an expensive vacation, or even buying the latest Bugatti model? More money means you can achieve your goals even faster.
If you wish to retire early or build wealth that you’ll someday pass down to your children, having multiple income streams is a must. Many finance experts agree with this. Now, there are probably over a hundred different things that one can do to passively earn money on the side. From buying rental properties to affiliate marketing, and drop shipping; there are many options. Visit https://www.oberlo.com/blog/side-hustle to learn about more side hustles.
Many people invest in high-growth companies by buying stocks that appreciate as the company grows and generates more income. Investing in cryptocurrency is similar as the value of cryptocurrencies tends to rise over time as well. Popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) have seen their value increase greatly over the last decade, making more people interested in the space.
Why You Should Consider Investing in Cryptocurrencies
In 2020, thanks to the pandemic, we witnessed a meteoric rise in the value of several digital currencies, including BTC and ETH. Since traditional currencies were badly hit and many assets shaken due to the global economic crisis, there’s been a growing acceptance of cryptocurrencies. Like gold, it appears these digital currencies seem to do well in times of economic crisis.
We must say that before the pandemic, cryptos had been rising steadily in value although BTC did take a hit in 2018. It closed at around $3,600 in 2018 after going up to $10,000 in February of the same year. Regardless, digital currencies have the reputation of appreciating although prices may fluctuate.
The impressive growth of cryptocurrencies over the years should convince people of the potential they have in helping to build wealth. That said, like every other type of investment, they have risks. But it would interest you to know that there is a way for you to earn cryptocurrencies without actually investing with real money. This almost eliminates the risk involved.
PKT Cash Crypto
PKT is a blockchain-based technology that pays users for connecting their unused bandwidth to its network. Not many people use up their bandwidth often, however, their Internet Service Provider (ISP) makes them pay for it anyway. Rather than allow your unused bandwidth to go to waste, connecting it to the PKT network allows you to earn PKT cash for every 60 seconds it is connected to the network. You can go to PKT Pal’s website to learn more about the whole process.
If you think about it, you’re exchanging “trash” for “cash”. It’s true because your unused bandwidth has been going to waste all these years. But now, with no direct money investment and almost no risk at all, users with no prior mining experience can mine crypto.
All it takes is connecting your bandwidth to the PKT network through a simple plug-and-play process. As we said earlier, you don’t need to have any mining or advanced computing knowledge to earn on this platform. Also important is the fact that you don’t need a miner or one of those computers with powerful, heavy-duty processors. Any regular computer will suffice as long as it is connected to the internet.
Why PKT Cash?
There are several reasons for users to consider PKT cash. One is the obvious fact that it provides its people with easy entry into the crypto market. Other more established cryptocurrencies like BTC for example are very expensive for regular people to buy now. As of the time of writing this article, one BTC is selling for over $65,500. It’s easy to see how for one to own a significant fraction of BTC, one would have to spend quite a hefty amount of money.
PKT lowers the entry point for people who do not have big investment budgets. In an actual sense, the company gives you a way to avoid wasting the money spent on unused bandwidth. So basically, you’re not directly investing, and this takes off a lot of the risk and tension involved in most investment options.
PKT cash is currently valued at around $0.017, and one of the reasons it was designed is to provide cheap and fast transacting through small denominations which would enable a bandwidth trading marketplace. The fact that it is also based on the blockchain means it is just as secure as Bitcoin, Ethereum, Litecoin, and all other more established cryptocurrencies.
Aside from providing an easy way for users to earn crypto, PKT aims to provide reliable internet service to the next billion people. They want users to have an internet service that is not only fast but also affordable. The infrastructure for this project is such that as more users join and connect to the network, the stronger and faster it gets. So, in simpler terms, they are empowering users to become their own ISPs.
As you explore other investment options and ways to add new income streams, consider the risks involved in each option. Investments like PKT cash that have low risk may not bring big returns like futures and options trading, but their major appeal is the fact that they are much safer.
As you explore different investment opportunities on your journey to financial freedom, make sure you access the risk involved and your risk tolerance level.