Roadmap to 10k/Month Passive Income With DeFi — March Update
My Private Discord &Gumroad Group🔐:
I also made a Youtube video covering March earnings:
https://www.youtube.com/watch?v=H6F4TKrfnfQ&t=48s
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 more than $200-$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 Luna. $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, 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:
February:
January, the beginning:
Holdings:
Titano
Invested $266 on Jan 25th. I’ve cashed out $354, which means I’m got my ROI back.
I’ve made $88 after ROI. Free money :)
I have never compounded on Titano before, but now might be the time. This has been my favorite project so far.
Power
Invested $280 on Feb 8th. I’ve cashed out $37, which means $243 more to go until ROI.
I bought it almost at the top so I’m paying the price now. My spreadsheet says that it might take over 500 days to get my ROI.
Thor
Invested $264 on Jan 25th, then added another $126 on FEB 6th. The total investment is $390.
I’ve cashed out $58, which means $332 more to go until ROI.
On my spreadsheet, it says that it might take around 1,000 days to get back my ROI. I know there are tons of Thor lovers out there, I was one also. But even with all the updates, this one has been on a crazy downtrend.
Polar
Invested $85 on JAN 29th. I’ve cashed out $144, which means I’m fully ROI.
I’ve made $59 after ROI. Free money :)
Crazy how one of my smallest investments has been one of the best in terms of ROI %, I have made over 170% on Polar. Might add more to my position later, the price has been stable around the $2 area. Polar nodes should change their name to Polar Stable lol.
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
Cashed out $98, then compounded $172. This means I still have $107 more to go until ROI.
One of my favorite projects, I love how they are working with taxes to help sustainability. I have high hopes for this one.
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, since then I’ve made $210. I still have $425 to go until ROI.
After the new claim tax, I’ve decided to compound a little bit to up increase my income. I have compounded $153.
Overall, pretty good project. Very active community. The only discord group I’ve been able to be in for more than 10m (2 days ago I spent 3 hours in it 😄).
I am not planning on stopping, the goal is to get to 10 projects to spread my risk as much as possible. Other projects I have on my radar are Kingdom and Tavern, and other ones that haven’t launched yet.
The main goal is and will always be to funnel back that income into safer investments. Every Sunday I cashed out my rewards or compound. Then from my rewards, I move some into stables, and the rest into blue chips like BTC, LUNA, AVAX, FTM.
Since I started this project the $800 has been increased to $1,715. My total investment is over 2k now, but the rest have come from rewards and not out-of-pocket.
In the chart above you can see how much money I’ve made month over month. The amounts are after taxes. But they do include compounding.
In the chart above you can see how much money I’ve made week over week. The amounts are after taxes. But they do include compounding.
This chart is still a work in progress, sorry if it is hard to read. The orange color means how much I reinvested/compounded each week.
That’s all I got for today, hope you like it. If you are thinking about investing always spread your risk as much as possible. There’s not an investment worth all your capital. Your peace of mind is much more important than any gains you might make.
If you are into passive income plays like me, you know how hard it is to track these investments. I created this spreadsheet with DeFi in mind, so it is tailored around passive income. The goal of the tracker is to help you know if you are profitable or not.
Check it out: https://defichronicles.gumroad.com/l/xwwln
Discord Group 🔐:
https://defichronicles.gumroad.com/l/nonayd
My youtube channel▶️:
https://www.youtube.com/watch?v=aurU-nghWLA
Let’s be friends on Twitter🐥.
@Defichronicles
Empower my content and journey by buying me a coffee☕:
https://www.buymeacoffee.com/DeFiChronicles
I also have a weekly newsletter where I go over my W and L of the week. New projects, investments, and how much $ I’ve made passively. Feel free to subscribe. It’s free :)
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.
