Road to 10k/Month Passively With Crypto — April Update (Crossing the $1,000 Income )
If this is your first time, read my intro 👇
On February 29th I started a personal challenge where I would try to build a $10,000 Passive Income portfolio starting with just $800. I’ve been investing for some time in crypto but I always had the same issue.
Being a young guy who lives in a 3rd world country, saving and investing more than $300 per month can be an impossible task.
I started dabbling into the idea that I could generate some passive income when I got into Wonderland last year. I know that most of you were only thinking about the crazy +80,000% APY, but all I could think is that I could cash out every week and create a new revenue stream to funnel it back to my blue-chips coins.
A few weeks later Wonderland crashed, but because I am always so optimistic I thought, there might be more Wonderlands out there that could make it. Maybe If I buy into 10 or 20 of them, at least 4 of them might survive and be my new revenue stream.
That’s how my 10k/month challenge started. I took some profits on some of my Luna position. $800, was my starting point for all of this.
Why 10k/Month? It’s a crazy idea, laughable. But with that goal, my brain has to think way more and be more creative with that target. 1k-2k is totally achievable, but I wouldn’t be as creative as I am now.
If you want to read my previous updates, here are the links to them:
January:
February:
March:
$10,000 Passive Income Portfolio💎
Let’s first start with a quick review of my current holdings (passive income only).
Titano
Invested $266 on Jan 25th. I’ve cashed out $354, which means I got my ROI back.
I’ve cashed out $106 after ROI and compounded another $67 back into the project.
Power
Invested $280 on Feb 8th. I’ve cashed out $41, which means $239 more to go until ROI.
Thor ❌
Invested $264 on Jan 25th, then added another $126 on FEB 6th. The total investment is $390.
I decided I am not paying the maintenance fee so I lost my node. As I said before I was expecting a few of these projects to go to 0.
I’ve cashed out $61, node ain’t active. Lost $328
Polar
Invested $85 on JAN 29th.
Added a second node through a lucky box, and a Ushuaia Node.
The total invested now is $1,347. I’ve cashed out $349, which means $997 more to go until I get back my ROI.
If you want to save some money when creating yours, use my creator code “DeFiChronicles”
Vapor Nodes
Invested $157 on Feb 27. Then another $8 on March 4th. Added another $40 on March 18, bringing my total investment to $205.
I’ve cashed out $188, then compounded $247. I still have $17 more to go until ROI.
If you haven’t created yours, feel free to use my referral link:
https://app.vapornodes.finance/nodes?invite=0x43dc5E8C988c3563db3d6C16243F5Eb4C15058A7
Red Light Nodes
Invested $635 on March 10.
Compounded $355 out of my rewards and now own 6 mansions.
I’ve cashed out $292, which means $342 more to go until ROI.
Sphere Finance
Invested $292, and cashed out 40% of my position when it doubled in price.
I’ve cashed out $237 from the 40% sell. And, I’ve compounded $98.
I still have $54 to go until ROI. I will continue to compound and later take profits, after selling 40% of my position I feel pretty safe now.
Ruby Mine
Invested 2 Avax for a total of $157. I have compounded $136 and cashed out $89.
CRAZY HIGH RISK, please do not invest if you are not ok with losing 100% of your funds.
$68 more to go until ROI.
If you want to invest in it, feel free to use my referral link:
https://www.rubymine.money?ref=0x43dc5e8c988c3563db3d6c16243f5eb4c15058a7
Grape Finance
Invested $349 on April 18th, Purchased 4 Grape Nodes. I have cashed out $35, which means $313 more to go.
EMP Money
Too young to know, I have cashed out like 3 days. Overall not a project that I like a lot. Invested $350.
Overall, I made $1,144 for the month of April passively by selling my rewards and the tokens I get from compounding.
This is how much I am making per week per project. (Take this with a grain of salt, my income fluctuates a lot and it is not stable).
$Polar — $148
$Ruby — $205.12
$Grape — $35.57
$Rnd — $37.79
$Vpnd — $19.75
$Titano — $17.36
$Sphere — $13.79
$Power — $0.48
My strategy is the following. Every Sunday, I sell my profits and move them into USDC or AVAX. After I get back my ROI or at least over 50% of what I have invested, then I choose to compound a little bit.
I have invested around $2,300 out-of-pocket, and the rest has been only from my profits.
The total invested in all my projects is $3,900, and I have cashed out around $1,540.
The amount of money I make daily fluctuates a lot, but I am making around $50/day after taxes and fees. That means I could break even in a month if I want to.
But because I want to keep increasing my inflow, I will continue to invest and will be at a “loss” for a long time. The only thing that matters to me at the moment is my cash flow.
Every project I invest in puts me at a loss of $300 -$500 but also generates around +$50/week.
In January I was making less than $50 per week. Now 3 months later I am making the same amount daily.
Let’s take a look at my charts:
My moves from here…
I am generating enough money per week now to diversify into other projects without the need for me to invest out of pocket. This week I should make around $400, my plan is to take it and move into another play that could generate between $50-$100 per week.
Nodes and PIPs are kinda saturated at the moment, it is becoming more and more difficult to find a good one. So I decided to take a look at some NFTs like Akari to Node Whales that are generating passive income.
Also 4 weeks ago I started taking 33% of my passive income and moving them into safer projects, I am basically creating a long-term portfolio for free.
Currently holding some KDA, NEAR, AVAX, and FTM. All of them were purchased from my passive income.
Thanks for reading my update. ✌️
Understand that this is a high-risk experiment. Crypto is already volatile, passive income plays are way riskier. I have less than 20% of my capital in these projects. If all of them go to 0, I will be ok. So do not blindly follow what I am doing.
Every Sunday I make an update of my passive income projects through my newsletter. Subscribe, it's free. :)
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Link: patreon.com/DeFiChronicles
My youtube channel▶️:
https://www.youtube.com/watch?v=aurU-nghWLA
Let’s be friends on Twitter🐥.
@Defichronicles
Are you into passive income and looking for the best way to track your passive income?
Take a look at my spreadsheet. 👇
Disclaimer: This is not financial advice, I am just a guy with a laptop sharing his opinions and experience. This is for entertainment purposes only. Always Do your own research before investing.
