Monthly Archives: June 2022

Editorial IndependenceWe want to help you make more informed decisions. Some links on this page clearly marked may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money.

Amon and Christina Browning had no idea FIRE (Financial Independence, Retire Early) was a movement. They just wanted to do whatever it took to quit their jobs.

It was really hard to find information on FIRE when we started, says Amon. When we started our journey in 2011, we werent thinking of it as financial independence, retire early. What has become the FIRE movement, I think, is a title put on something people have been doing foreverbasically, amassing enough assets to support their expenses so that they dont need to work anymore.

The Brownings officially achieved FIRE in 2019, at 39 (Amon) and 41 (Christina), with $2.5 million in investment assets. Without FIRE information readily available, the Brownings house hacked, did retail arbitrage, drove for Uber, sold items on Etsy and Facebook Marketplace, made money listing on Airbnbs, and flipped houses. It took eight years, but they hit their FIRE number.

Once retired, The Brownings moved their family of four from the San Francisco Bay Area to Portugal, where they now live well on a $2,000 a month budget. Theyve built an online education company, an Instagram page of over 100,000 followers, and a YouTube channel with 606,000 subscribers to share what theyve learned with others.

Heres the advice the Brownings have for anyone curious about achieving FIRE and what to do if you feel off track to course-correct and turn your financial goals into reality.

Your FIRE journey begins the day you crunch the numbers and face your goals head-on.

The first thing the Brownings did was calculate their FIRE number: the amount of money you need to have in active investments to live off of the returns after you quit working. A simple formula touted by many FIRE enthusiasts is to take your annual expenses and multiply them by 25:

Annual Expenses x 25 = FIRE Number

This formula became popular after the release of the Trinity Study, a research paper that popularized the idea of the 4% rule. Build enough wealth to where annual gains offset a 4% annual withdrawal and youll have what you need to retire at any age.

The Brownings started their FIRE journey as federal government employees with modest salaries. Christina was an attorney making $70,000 a year, and Amon was an urban planner earning $98,000 a year. They lived in Oakland, where the cost of living is 49% higher than the national average, and wanted to have the option to continue living there in retirement. They estimated they would need about $100,000 a year in living expenses; based on the above formula, their FIRE number was $2.5 million.

When we started to learn about creating financial independence, we learned how you calculate your FIRE number, how much you need to live off of a stock portfolio, and even invested in real estate, says Christina. For us, it was about saving more and learning about investingto try and invest right.

The Brownings advice is to:

Even after you calculate your FIRE number and start taking action, unexpected expenses or an increased cost of living can throw you off track. In 2015 four years into their FIRE journey the Brownings realized they needed to make more money if they wanted to retire by 40.

We were house hacking, at one point even drove for Uber, says Amon. We sold things on Etsy and had an Etsy store, invested in real estate, and had three Airbnbs going. Every additional dollar we made outside of our jobs was thrown into investments. We looked at our nine-to-five jobs and said, Okay, we just cant do it with these jobs; we have to find different ways to produce more income.

From 2015 to 2019, the Brownings found success with earning extra income through real estateit jumpstarted the FIRE process for them. They found creative ways to make more money and eliminate expenses; one of those approaches was to do what they call house hacking.

The Brownings would find properties that had been sitting on the market for a long time. These properties needed renovations, but were things the Brownings could fix. They bought distressed properties, did all of the renovations themselves, lived in them for a while, rented some out, and then sold the properties for a profit. They did all of their own flips.

Related: People Are Turning to Fixer-Uppers In Todays Ultra-Competitive Housing Market. Heres What the Creators of Cheap Old Houses Want You to Know

Another example of house hacking involved the Brownings renting a three-bedroom apartment, living in one room, and renting out the other two. Altogether, these streams of income enabled the Brownings to live on 30% of their monthly income and invest the other 70%. They credit their house hacking, side hustles, and money saving-strategies as the way they were able to get to FIRE sooner.

The Brownings advice is to find the opportunities to earn more that dont require a significant investment of time or money. They suggest that you might be able to rent a room on Airbnb, downgrade or sell material possessions, or start a side hustle.

Find a side hustle that dont require a significant investment of time or initial capital to free yourself up.

FIRE participants tend to favor index funds and total market funds. Amon and Christina invested money every week into the stock market, and any lump sums they got from a side hustle or sale of real estate also would be invested. 60% of their portfolio was invested in Vanguards Total Stock Market Index Fund (VTSAX). Its an index fund that tracks the performance of the entire stock market.

The whole plan was to have investments that were passive and didnt require too much thought, says Christina. We decided that the VTSAX Index Fund would make up the bulk of our portfolio, and we would add little pieces.

Regardless of all the madness or craziness that was going on in the world, we consistently stuck to our investment plan, adds Amon. We wanted to build a portfolio that could not only sustain us to get to FIRE, but also keep us financially independent for decades to come, and even to the point where we could leave that money to our children.

Today, besides the VTSAX index fund, the Brownings portfolio includes other index funds, a couple of individual stocks, exchange traded funds (ETFs), and passive income from real estate. They own sector ETFs that complement their portfolio by providing more dividends and technology ETFs like the Vanguard Information Technology index fund (VTG).

After eight years of making more money and investing everything they could, the Brownings achieved FIRE in 2019. They celebrated reaching their FIRE goal by quitting their jobs.

When we hit our FIRE number, we went in to work and put in our two-weeks notice, says Amon. We quit. We didnt fully celebrate until later.

Upon retiring, the Brownings had some time to reflect. They decided to leave the United States and relocate their family to Portugal. They bought a home for 190,000 euros in cash, a property that they currently list on Airbnb, and are building a tiny house that theyll rent out. Their cost of living in Portugal is less than $2,000 a month, and their Airbnb income covers their living costs, further preserving their nest egg.

We live on an acre of land on the Silver Coast of Portugal, working on our farm, says Christina. We spend time at the beach and travel a lot. Were still parents and meet with our network of friends. We have so much freedom that we didnt have working jobs.

The Brownings maintain a financial education company and create content on YouTube and other social media channels, but they do it because they enjoy being financial educatorsnot because they have to work.

We believed that we could do this, says Amon. We believed it and we stayed consistent. There are some negative things in the world that could stop you from moving forward.

If youre curious about FIRE, all you need to start your journey is one number and a belief, adds Amon.

Have the mindset that you can do this.

Read the original:

Our Family Achieved FIRE at 39 and 41 on Salaries Of Under $100K a Year. Heres How We Did It - NextAdvisor

In the digital world, NFTs are a hot topic that has fascinated many people. Like famous artworks or historical monuments, these digital assets might be precious.

All tokens are unique, and you cannot substitute them for another, making them non-fungible. Blockchain games are exploring all the NFT potential, and Shazu is one of the latest initiatives to join this trend.

As the projects website reveals, Shazu has a ninja-based storyline and several features aiming to attract NFT fans worldwide.

Shazus storyline takes place between the Ethernal Realm and the Bininja Plateau. Everyone living here knew of the immense treasure resting in this land.

Shazu and his silent assassin ninja army were responsible for guarding the treasure. Specifically, the guardians only let those being pure of heart put their hands on the wealth.

When Ragon, the demon ruler from the Ethernal Realm, discovered these riches, the world changed. He assembled a massive army of evil spirits in an attempt to seize control of the world as a whole.

Ragon had been trying for centuries to take control of the riches, and Shazu had always managed to fight back. Everything changed when Shazu began feeling that his power to guard the treasure weakened.

He needed to fulfill the prophecy and locate a suitable warrior who could wield the riches. In order to do so, the fighter had to defeat Ragon and restore the world order.

An unseen but powerful ghost appeared in Shazus dream and informed him about a realm called Earth. Here souls resided and had enormous power and wisdom.

People needed a painting that showed their actual forms to be able to tap into this ability entirely. Shazu knew that he had to locate these paintings if he wanted to have a chance to defeat Ragon.

At this point, Shazus trip to Earth will need to unveil new ninja fighters to obtain financial freedom.

Shazus ecosystem will primarily rely on four different types of NFTs (or Action Cards):

Shazu has an internal marketplace where users can buy NFTs with BNB or SHAZU, the projects native token.

The year will end with the realization of a metaverse ninja game and connected marketing operations. We will see a beta version of this product by Q4, and the developers will work to optimize the game.

The team is betting on the success of its boosting staking feature. Users can connect to the Dojo page of the project and follow the simple process we summarized below:

The project is aiming high thanks to the uniqueness of its features. Another essential matter is the attractiveness of passive income schemes in the crypto world. Considering that this market is famously volatile, the promise of a steady income can appeal to many risk-averse investors.

Visit link:

Shazu - A Ninja-Based Project Wishing to Achieve Financial Independence - NewsBTC

Editorial IndependenceWe want to help you make more informed decisions. Some links on this page clearly marked may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money.

If youre looking for a side hustle that can move you toward your FIRE goals without requiring a lot of time, an Airbnb can be a profitable way to earn extra money and cultivate financial independence.

I had been in digital marketing for years and hated that it felt so short term; youre always worried about how youll make money next month, says JR Rivas, an Airbnb owner, real estate investor, and co-founder of BNB Leverage, a company that helps people buy and list their first Airbnb. I knew I needed to diversify my income streams.

Rivas got into real estate investing. Seven months after purchasing his first property, he listed one on Airbnb. The income was surprisingly impressive.

I listed four more of my properties, and now have five on Airbnb that generate six figures of revenue a year, he says. I want to play a long game. The entrepreneur has steadily turned his vacation rentals into an airbnb business that produces positive cash flow each month.

Since it first started in 2007, Airbnb has grown into a major rental platform with four million hosts and over a billion guests. You can list a home, apartment, room, or shared space as a vacation rental property; there are options to make money in various ways from short term rentals. Airbnb has over six million listings in 220 countries, and its hosts have earned over $150 billion, according to internal reporting from the company.

There is a lot of money to be made from having a successful Airbnb business. Heres what you need to know about how to start an Airbnb business, listing your short term rental property, and how an Airbnb business can become a profitable side hustle.

If youre wondering how to start an Airbnb business, theres good news: the process is relatively straightforward.

You need a home, apartment, room, shared space, or other rental property to list. If you want to list an apartment or room for your Airbnb business, you first need to make sure its allowed in your lease and that your listing complies with local zoning laws.

Assuming you are in compliance with local laws and homeowners association rules (if you own and will list a home), here are the steps to getting started on the vacation rental platform.

Go to Airbnb.com and create your account. Then, select add a listing. Youll be directed to fill out a form asking for the general information about your Airbnb rental property, such as:

You can list an entire place that gives guests full access to the rental property and all its available amenities, such as a backyard or pool. Or perhaps you might want to list a private room that gives guests access to certain rooms and common spaces (bathroom, kitchen), but limits their access to other areas based on what you designate.

Theres also an option to list a shared room for your Airbnb business. This option gives guests access to a room that is shared with you or others. Think of this as being similar to a hostel or other low-cost short term rentals; the guest shares a room and gets access to only the shared spaces you designate.

I have what I call a tiny house mansion; its 1,000 square feet, says Judy Winslow, an Airbnb owner and brand strategist who helps business owners build their personal brands. Winslows vacation rental business sees regular interest because her property is in close proximity to a beach.

Guests have their own bedroom and bathroom, but we share the house, she says. I live by the beach, so most people come here to go to the beach and play. My experience renting out part of my home on Airbnb has been awesome. Im careful who I rent to because Im a single female.

Winslow notes that her decision to start an Airbnb business has led to both financial and social benefits.

Ive met people from all over the world, and have used the income to pay off 60% of my mortgage, she adds.

Once youve selected your property type, youll be asked to add photos of the property and create a description of what guests would be renting. This is your chance to crack the code on how to start an Airbnb successfully and make a first impression that will stand out from the crowd.

A year ago, I wanted to buy a church, says Jami A Hearn, Airbnb owner and founder of Blue Aspen Incorporated, a company that offers short term rentals that have historical significance. I wanted to give my husband a reason, so I told him we could Airbnb it. We bought a church in Jackson, Pennsylvania, renovated it, and listed it on Airbnb last winter. We market our listing to people who are interested in historic buildings, and weve been pleased with the results.

Hearn says her vacation rental has a 50% occupancy rate, which yields between $4,000 and $5,000 a month, and that an Airbnb business is great as a side hustle because the amount of administrative effort needed is low.

We self manage, with just a cleaner on staff, and spend one to two hours a week on the admin tasks, she says.

Review Airbnbs guest requirements. You can also make additional requirements, such as requiring a government-issued ID. Set house rules for your short term rental property and provide details. Get specific on information that will be helpful upon arrival, such as whether your guests will have to climb stairs or find parking independently.

As you figure out how to start an Airbnb business, know that your calendar will be used to set:

You then decide how to price your listing. Some hosts offer discounts for booking a week, month, or more than 30 days to encourage higher utilization in their Airbnb business. Airbnb does have suggestions that you can use to determine a good price for your vacations rentals.

As of March 2022, the average annual earnings per United States Airbnb host is $13,800, according to internal reporting from the company. Remember that your Airbnb will have monthly expenses, and if you choose to set up your Airbnb as a business, a business license, business insurance, and/or business bank account may be necessary. Airbnb allows you to charge per day, week, month, or longer; the ability to charge at different intervals can lead to higher income than the set rates of a typical real estate investment property.

If you have a property thats a short term rental (like Airbnb), youre going to see a lot more revenue than a traditional property, says Patrick Perryman, an asset manager for Eden Companies, an investment company based in Kentucky. Perryman and his wife Rebekah own and operate an Airbnb. In May 2022, the Perrymans Airbnb was booked for 19 of its 23 available nights; its $8,578 in booked earnings yielded net cash of $3,842.29 for the couple, according to an Airbnb hosting report and supplementary profit and loss statement that was reviewed by NextAdvisor.

The per-day rate for a short-term rental is higher than a 12-month lease, Perryman says. Because you have so many people coming through a short-term rental, the income can be three to five times higher. My wife and I have seen more revenue and income from our Airbnb than if we rented out the property as a long-term rental.

The Perrymans note that Airbnb has become a side hustle they can manage comfortably alongside the responsibilities of their jobs and two children.

Airbnb hosts have to meet specific requirements for each listing, as Airbnb wants guests to have a comfortable stay. Those requirements are:

Hosts have the opportunity to check their Airbnb income and how theyre doing with Airbnbs Performance tool. The tool tracks performance against the average for all Airbnb rental properties. According to Airbnbs terms, listings that consistently fall below average could be subject to penalties.

Airbnb evaluates hosting performance over the past 12 months for all listings on an account; they do this evaluation every quarter. If a host meets the requirements by the assessment date, theyll automatically become a Superhosttheres no need to apply. Hosts are notified of their status at the end of each assessment period.

To qualify, a host must:

Airbnb suggests providing essential amenities in your listing. These items are what guests consider necessary for a comfortable stay, and are a key factor for how to start an Airbnb successfully. Amenities can include toilet paper, towels, linens, pillows, and soap; the little things you provide encourage guests to leave a great review.

In my properties, I provide disposable toothbrushes, razors, and travel toothpaste, says Rivas. It helps get those five-star reviews. Also, if theres something weird about your property, disclose it in the listing. There are many flaws that guests are willing to put up with as long as they know about them ahead of time.

Having the essential items makes guests happy, and you can add wow items to make their experience over the top. Great entertainment, a game-associated item (pool table, foosball, etc.), a hot tub, books, a nice sitting area outsidethink of things you can offer guests in your Airbnb business that arent expensive but create a memorable experience.

Consider adding special touches, such as special amenities, to encourage five-star reviews. High reviews build momentum and position you to become a Superhost.

The three Airbnbs Ive stayed at allowed me to have more comfort and space, says Marisa Sergi, the Chief Growth Officer at Luva Bella Winery, a wine distributor based in Lowellville, Ohio, and a newer Airbnb renter. Cleanliness and good amenities are why I left the listings a good review.

As an Airbnb host, you may be required to collect local tax or Value Added Tax (VAT) from your guests. If you need to collect sales tax, you should inform guests of the tax amount before they book.

If your country of residence is in the European Union, Latin America, China, or South Korea, you may need to assess VAT on any services you provide. Its wise to consult a sales tax advisor in your jurisdiction for more information on what you need to know. Additionally, youll also need to submit a W9 to Airbnb so that they can issue a 1099 for you to report host earnings in a year on your taxes.

The good news is you dont need to own your property to operate an Airbnb. If youre within the regulations of your locality, and its allowed by the owner of the home or apartment complex, you could list a private room, shared room, or entire property.

Starting an Airbnb can be a low-maintenance side hustle that grows your wealth over time. You dont need to own a property to start, you can build this income stream at your pace, and maintaining an Airbnb doesnt have to take up too much of your time.

The rest is here:

How to Start An Airbnb (With or Without Owning Property): 3 Steps to Start Making Passive Income Now - NextAdvisor

Anonymous (Jennifer) keeps hearing us say that you should start with the end in mind that your investments should match your goals and timeline. But what if you dont have any specific financial goal? What if your risk tolerance is different than you once thought?

Rachels new employer wont let her contribute to retirement for more than a year what should she do??

Carris parents are in poor health and cant work much what should they do about their life insurance policy and their health insurance?

Do you have a question on business, money, trade-offs, financial independence strategies, travel, or investing? Leave it here and well answer them in a future episode.

Enjoy!

Anonymous asks (at 05:53 minutes): If you dont have a specific financial goal, what is a good strategy to make sure that you can be flexible with your money and also allow it to grow in a smart way, both within brokerage accounts and retirement accounts?

And how do you make changes when you realize your risk tolerance is actually different than you thought without going down a rabbit hole about trying to time the market?

Im a tenured professor in my late thirties and I love my job I dont see myself wanting to retire until my late eighties, if possible.

When I retire, Ill get a pension and Im also investing in my 403(b) in a way that would give me the option to retire at 65, but I really dont think Ill retire at that age.

After taxes and retirement contributions, Im spending about half of my net income on my childs 529 plan, travel, general living expenses, as well as our mortgage, on which we still owe about $144,000. My total retirement savings are at about $235,000. I have a nine month emergency fund and $140,000 in investments.

We would like to move to a bigger condo within the next 10 years, but were not sure when. Were open to selling or keeping our current condo as a rental.

Beyond that I really dont have a goal, but I want to keep my money in a flexible place because of my planned retirement timeline.

28% of my total investments are in the Vanguard Core Bond Index Fund, within a brokerage account and a Roth IRA, and I think thats too much. I would like higher returns and Im okay with the risks.

Id like to exchange most of it for shares in the VTSAX fund, where I already have about 53% of my investments. But if I do that now, Id be selling at a loss. This gets a little bit into timing the market, but wouldnt it be smart to wait until the bond fund is up and perhaps other funds Id like to buy are down?

In addition, I wonder when and how to start moving some money into safety, for a down payment for our next condo. I like the idea of I-bonds, but I can only buy $10k per year. TIPS arent a good option in case we want to buy a condo in less than five years. Any suggestions?

The remaining 19% of my investments are in mutual funds with TIAA-CREF. Through TIAA-CREF, I have about 75% of my 403(b) in a 2050 fund, but I dont know what my strategy should be for investing my retirement funds since I dont really plan to retire in 2050. Any thoughts?

Rachel asks (at 35:39 minutes): I changed jobs about a month ago and I cant contribute to my new jobs 401k for about 13 months.

Im a W-2 employee and my salary is $100k. I live in a state with higher income taxes, so Id really like to contribute to pre-tax retirement funds.

If not for this lockout, I would be maxing it out. Ill be fine for 2023 because I can enroll in July and double the monthly contributions so that I can still max it out the issue is 2022.

Based on my income, I wont be able to deduct traditional IRA contributions. Im also maxing out my Roth IRA and it is done already for this year so I cant backdoor that. Correct?

I also have some 1099 income from a side gig. Its just a few grand per year, but I had an idea to open a solo 401k and put the income from the 1099 gig into that.

I could also roll my previous jobs 401k into the solo 401k. I need to get the money out of that previous 401k because the fees are super high, so this option would be convenient.

I dont know much about solo 401ks and Im anxious about opening one. Do you see any problems that Im not thinking of, or do you have any better ideas for retirement savings options while Im in this situation?

Heres some background: I own a house and my mortgage is my only debt. I have about $70k in a Roth and $90k in pretax funds. I also have a brokerage with about $7k with index funds in it. Im in the Midwest and I am 31 years old.

Carri asks (at 50:19 minutes): My parents are reaching a new phase of life because of their poor health.

My dad is 58 and my mom is 53. My dad has been on disability since 2010. My mom currently works full time making about $30,000 a year and she spends the majority of her time off work, just trying to recuperate. My siblings and I have finally convinced her to cut back her work hours.

My parents have a flexible premium, whole life insurance policy set up by my sister. I dont think its a terrible idea for my parents to keep their whole life insurance policy. My gut feeling is if they pay the minimum, theyll keep the life insurance benefit.

What questions should I ask about their policy? Under which circumstances would you recommend they back out of their policy altogether? What else should we consider as my parents enter their pre-retirement years?

Also, we have a few options were looking into as far as their health insurance. They own their trailer house and pay $600 a month for their space. They dont have any debt. They also dont have much as far as retirement savings. Their vehicles are old, but my mechanic siblings keep them running. They dont travel much.

Resources Mentioned:

For Carris question, here are other podcast episodes that talk about whole life insurance:

Thanks to our sponsors!

Grove.coGrove makes shopping for natural products easy. Go to grove.co/affordanythingto get afreegift set worth up to fifty dollars with your first order.

Credit KarmaCredit Karma uses your credit profile to show you offers that are tailored to your financial situation. Go tocreditkarma.comor the Credit Karma app to find the right card.

PolicygeniusGo topolicygenius.comfor free quotes and comparisons across more than 30 insurers. Policygenius could save you50% or moreon life insurance.

LinkedInScale your marketing and grow your business with LinkedIn advertising! LinkedIn is offering a $100 credit on your next campaign. Go to linkedin.com/afford to claim your credit.

See the rest here:

#385: Ask Paula: How to Invest When You're Unsure of the Goal - Afford Anything

NASHVILLE Tennessee Governor Bill Lee has declared Wednesday, June 15, 2022, as Elder Abuse Awareness Day in Tennessee.

In support of Governor Lees proclamation, the Tennessee Department of Commerce & Insurance (TDCI) is joining other state agencies to highlight the importance of learning the red flags that might indicate fraud or elder abuse along with the steps senior Tennesseans and their loved ones can take to prevent exploitation.

Tennessees seniors are one of our most valuable resources. Their lives and finances should be protected from bad actors and scammers who mean to do them harm, said TDCI Commissioner Carter Lawrence. I am proud to join Governor Lee to highlight the importance of protecting the dignity and financial independence of Tennessees elder population on Elder Abuse Awareness Day. Any Tennessee senior or caregiver who has questions when it comes to investments or insurance policies should contact our team so that we may provide assistance.

To assist senior investors and their loved ones, TDCI is sharing tips on establishing a trusted contact and ways to avoid identity theft.

To combat potential investment fraud from occurring, TDCIs Securities Division is urging senior financial investors to provide their financial firms with a trusted contact.

A trusted contact is a person you authorize your financial firm to contact in limited circumstances, such as if the firm has a concern about activity in your account and has been unable to get in touch with you, said TDCI Assistant Commissioner for Securities Elizabeth Bowling. We strongly encourage all Tennessee investors to contact their financial firms and name a trusted contact today.

A trusted contact may be a family member, attorney, accountant, or another third party who you believe would respect your privacy and know how to handle the responsibility. You may establish more than one trusted contact.

Having one or more trusted contacts provides another layer of safety on your account and puts your financial firm in a better position to help keep your account safe. Naming someone as a trusted contact does not give that person the authority to act on your behalf, execute transactions, or reengage in activity in your account.

Instead, a trusted contact may be asked to confirm your current contact information, health status, or the identity of any legal guardian, executor, trustee, or holder of a power of attorney. U.S. broker-dealers are required to provide a written disclosure that lays out these details.

If you do decide to name a trusted contact, you will want to reach out your trusted contact in advance to let them know.

Scammers frequently target seniors for identity theft. To prevent identity theft scams, remember:

Other types of elder abuse involving abuse, neglect, or exploitation should be reported to the Tennessee Department of Human Services, Adult Protective Services Unit by phone at (888) 277-8366 or online, or, if there is immediate danger, to local law enforcement.

###

Excerpt from:

Tennessee Department of Commerce & Insurance Raises Awareness of Need for Families and Caregivers to Protect Seniors on Elder Abuse Awareness Day...

Many people have embraced investing as a tool for financial freedom, and with increased access to technology, the crypto market represents an important step toward democratizing wealth.

Cryptocurrencies reached new heights last year. It has evolved into a tool for financial equality, redistributing power to investors. Many projects have proven to be valuable assets, and they have provided investors with incredible financial utilities.

Analysts believe that there are crypto projects that will benefit investors financially. The following are their top choices.

Gnox is creating a decentralized ecosystem that passively rewards holders of its native token. It is the first DeFi earning protocol to offer yield farming as a service to private and institutional investors.

Each transaction is subject to a ten percent tax, with six percent of the proceeds going to the DeFi treasury. Gnox leverages this treasury to provide liquidity to safe pools while also earning interest from them. Based on the size of their portfolio, their holders share a portion of the rewards generated by these investments in BUSD.

Gnoxs objective is to provide an easy-to-use DeFi earning solution for those new to the crypto industry. They encourage investors to buy, hold, profit, and delegate the grunt labor to them.

DeFi professionals believe Gnoxs strategies will revolutionize the DeFi space. Even those with little knowledge can reap rewards higher than any interest-bearing financial product.

Ethereum is not new to the market, but its early stages are truly remarkable, demonstrating the financial benefit of participating in crypto presales early. During the Initial Coin Offering (ICO), the price of an Ethereum coin was $0.311, and over 60 million Ethers were sold.

The Ether presale, on the other hand, began in July 2014 and had already raised $2.3 million by midday (a total of 7.4 million ETH). Ethereums ability to make money did not stop there; it has since risen to become the second most profitable cryptocurrency. In November 2021, the coin reached an all-time high of $4,878.26, a 3 million percent increase over its presale price.

The developer teams scientific rigor has caught the attention of investors. On the Cardano blockchain, there are over 3.4 million registered, and ADA is the seventh-most valuable cryptocurrency. Better yet, last year saw the launch of smart-contract functionality, allowing developers to create decentralized software and services on the platform. In the coming years, this could result in a significant price increase.

Cardano is a blockchain smart contract platform powered by the ADA digital coin. The developer team built the ecosystem methodically, publishing in academic journals. Ouroboros, the first peer-reviewed consensus protocol, secures Cardanos blockchain.

Nowadays, cryptocurrency is proving to be the most viable option for achieving financial independence. In recent years, cryptocurrency prices have skyrocketed, making hundreds of people millionaires. The cryptocurrencies listed above will help you in becoming financially independent.

Learn more about Gnox:

Join Presale: https://presale.gnox.io/registerWebsite: https://gnox.ioTelegram: https://t.me/gnoxfinancialDiscord: https://discord.com/invite/mnWbweQRJBTwitter: https://twitter.com/gnox_ioInstagram: https://www.instagram.com/gnox.io

Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

See more here:

Buy these now to achieve financial freedom: Gnox Token (GNOX), Ethereum (ETH) and Cardano (ADA) | - Bitcoinist