Hello fellow marketers and entrepreneurs!
I am Julian and this is my true story of how I made money online. I hope that you enjoy reading it as much as I enjoyed writing it.
The Journey So Far
I have been a marketer, entrepreneur, and tech geek my entire life. I grew up in a small town in New Hampshire and went to New York University after school. I started my career in marketing at an ad agency in NYC making $70k per year and worked my way up to Director of Marketing. I left my job to pursue my passion for tech and started a software company which I sold in 2016 for $24 million. I have been investing in digital assets ever since.
What Is Digital Asset Investing?
Many people have heard of Bitcoin or Ether (the 2 most popular cryptocurrencies) and how they are used as a form of payment online. But not many know that you can also invest in digital assets, such as bitcoins and ethers. Basically, when you purchase a piece of digital “property”, you are investing in the promise of an income stream (in the form of bitcoins or ether moving forward).
The benefit of this type of investment is that you can purchase a small slice of an income stream for a large sum of money. Meaning you can diversify your investment portfolio using a medium of exchange like Bitcoin without risking nearly as much as you would if you were buying a stock or bond. Another major benefit is that you can hold on to your investment for the long term and still make money off it. Which brings us to our next point.
Long-Term Investments Aren’t For Everyone
The short-term, high-volume, day-trading type of investments that most people are familiar with are only one type of investment out there. There are also longer-term, more stable investment vehicles like stocks and bonds that you can purchase and hold for the long haul. Stocks and bonds are generally considered safe and secure ways to make money online. However, as we know from personal experience, the market can be a fickle beast and one mistake can haunt you for years. If you aren’t comfortable taking the risk then don’t invest in stocks and bonds; instead, look into digital assets.
Why I Chose To Invest In Digital Assets
I already had some experience with the instability that comes with short-term, high-volume investments when I decided to try my hand at digital asset investment. Back in 2014, I had bought a few thousand dollars worth of bitcoins at the height of the cryptocurrency boom (before most people even knew what cryptocurrency was). Since then, I have been slowly rebuilding my portfolio and now control more than $500,000 worth of bitcoins and ether. This is a lot of money to be making off of something that was designed to be used for digital transactions only.
Around that same time, I was also experimenting with ways to create online products and businesses. At the end of 2014, I launched My Own Home which is an independent living facility for older adults with disabilities. We purchased an RV and started driving from state to state selling our services to individuals and families who were looking for help with care giving. One of our more popular products was an online fundraising platform that enabled individuals to create their own fundraising pages and ask for money online. Through these platforms, we were able to generate revenue which allowed us to reinvest back into the business and grow. At the end of 2017, we sold My Own Home to Platinum Elite for $12.5 million, a 27% increase from our initial investment in the company.
How Is The Income From This Type Of Investment Generated?
When you purchase a slice of an income stream through an investment in cryptocurrencies, the income is typically generated through a mix of traditional investment methods and cryptocurrency speculation. Because we are dealing with a relatively new market, there isn’t really any set rules for how much you should be making from cryptocurrency investments. However, as more people get involved, the earning potential increases.
For the most part, you will be receiving dividends as your income stream grows. With a traditional stock or bond investment, your earnings will be limited to whatever the stock’s or bond’s earning potential is at the time that you make the investment. But with cryptocurrencies, you can literally make millions off something that was valued at less than $500 at the time you made your investment.
Final Takeaway
If you are looking for ways to make money online, then consider investing in cryptocurrencies. Not only do they offer the potential to make a lot of money, but they also provide you with the opportunity to diversify your investment portfolio. Additionally, many businesses have begun to notice the power of blockchain technology and have turned to it as a way to better their operations and connect with customers. If you have a knack for marketing and enjoy taking a risk-free approach to investing, then consider the lucrative world of cryptocurrency speculation.