Money, with its power to bring so many facilities and resources in our lives, is one of our most important needs. To acquire this need in enough amount we spend our lives working in different domains. While earning through working is a method almost all of us adopt, some of us go for methods bringing money on our table passively i.e. we do not work for money but the money works for us.
I always wanted to be able to have some way for passive income. However, the fun fact about passive income is that it needs you to have enough money earned actively (or inherited for luckier ones) so that you can invest it in a project that would generate money for you without working for that money. I wish to have owner of some real estate which I can give on rent and collecting the money monthly. Well, that’s a dream that doesn’t seem to come true in near future. Sometimes, I used to think of investing in someone else’s business and get the dividend on the basis of my share. Lol. Crazy idea it seems. Firstly because I never had enough to invest in any business. Secondly, where to find the trustworthy person to handover my money.
Life went on the way it was. Earning actively and spending less actively. Hehe. Then Hive entered my life and the dream of passive income became a reality. Though I am not generating very handsome amount as passive income, but the point is my small resources has value and meaning on Hive. Unlike other methods of passive income generation, I don’t have to wait for accumulating bags of money for beginning the journey of passive income. Here, I can start earning passively with as low as 1$. Here are some of the methods that can be used on Hive for earning passively.
It is the coolest passive income on Hive providing the highest guaranteed dividends. There is no limit for the minimum amount for saving. You can save as small as 1 HBD and as large as you want. On the saving there is a return of 20% APR. Isn’t it cool?
Staking Hive is another way to earn passive income in multiple ways.
• You get 3 % APR on your staked Hive.
• Staked Hive give you power to earn curation reward by curating others content. The more is your staking, the more is the reward. Even if you don’t have time to curate other people’s content, you can follow curation trails and keep on earning the curation reward. Mostly I do curation actively but sometimes I am busy and cannot get online. That’s why I follow the trails that I believe would curate quality content.
There are several projects on Hive that give dividends when you delegate Hive Power (HP) to them. Currently I am delegating my Hive to two projects
• By delegating HP to Ecenecy I get Ecency Points along with 100% curation reward for the amount delegated. Double earning, isn’t it?
• I have delegated some HP to leo.voter. In return I get some leo tokens daily.
There are various tokens built on second layer of Hive. Some tokens give curation reward when staked (just like Hive). However, curation reward on second layer tokens is a bit tricky. The reward is only given when a post with specific tribe token tag is curated. Not all the posts contain all the tags for tokens lying in your wallet. In this way you do not get optimum curation rewards your stakes can generate. One simple solution is to delegate you stakes to specific accounts that curate for particular tokens. In return, you get 100% curation reward daily.
I have delegated staked pob, vyb, neoxag, and leo tokens to pob-curator, vybzcurstor, neoxag-curator and leo-curator respectively. In return, I receive curation reward daily.
Hive has opened up ways for passive income for me. It’s a place where you can start earning passively by investing very small amount. Putting HBD in saving, staking Hive and delegating Hive and second layer tokens are the ways I have utilized to earn passive income.
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This is my entry for Hive Learner’s Featured contest. Everyone is invited to participate.
image edited by mobile editor
