What does personal financial freedom mean, exactly? Personal financial freedom is the point at which the money you earn and the money you save start to work for you, rather than you working for it. When you are financially free, you are no longer subject to the rat race, in which your time is traded directly for money.
Ditch the 9 to 5.
Once you are able to earn money without directly putting in 40 hours, you have the freedom to do what you want. No longer are you dependent on a steady paycheck to pay the bills and keep the lights on as you establish and grow sources of income that require less and less of your time and energy.
You no longer need to feel constant anxiety about money.
You don’t need to worry about an emergency fund and debts. In fact, you can live a relaxed and stress-free life, knowing that your passive income streams will cover all of your living expenses, with extra money to spend at your discretion. We achieve personal financial freedom by becoming disciplined savers and investors. We save and invest the money in income-generating assets.
Achieving financial freedom that everyone wants and UniPayment’s crypto financial solutions promise a path to this freedom. By leveraging the power of cryptocurrency, UniPayment financial solutions provide a secure, efficient, and decentralized way to manage finances. With UniPayment, individuals can take control of their financial future, free from the limitations and fees of traditional banking systems.
Case study of individuals who achieved financial freedom using cryptocurrency
- Retired at 30 Meet Jason, a 30-year-old from Ohio who retired early, all thanks to cryptocurrencies like Bitcoin and Ethereum. He invested $500 in Bitcoin in 2015, and after two years, it grew to over $200,000 in value. Then, he invested it in some up-and-coming altcoins, a some of them made him a millionaire. Today, Jason spends his days traveling the world.
- Emily started freelancing as a writer and graphic designer right after college. She was making decent money, but with student loans to pay off, life wasn’t always that easy. In 2017, Emily decided to put a portion of her savings into cryptocurrency. Within a year, her $20,000 investment grew to over $500,000. She paid off her loans and decided to become a digital nomad. She now travels full-time, while working remotely. Cryptocurrency allows her to access her funds wherever she goes in the world.
- Mark, a doctor from Australia, invested in cryptocurrency to fund his philanthropic work. He started with a modest investment of $50,000, which soon turned into over $10,000,000. He donated most of his cryptocurrency profits to build schools and medical centers in developing countries. Mark used a fake name to donate, remaining anonymous and avoiding the spotlight. He still actively invests in crypto for financial benefits and charity.
- Mark, a software engineer, was interested in continuing his corporate job. In 2017, he started investing in cryptocurrencies such as Bitcoin and Ethereum, investing a part of his monthly salary. In early 2021, his digital assets’ value surged to over a million dollars, and he decided to quit his job. Now, Mark is living off the profits of his crypto investments and exploring the world.
- Jenny is an educator. She worked as a high school teacher and struggled with her student loan. In 2013, she decided to invest $5,000 in a cryptocurrency called Dogecoin. A few months after her investment, she earned a return of more than 10X. Jenny managed to pay off her student loan in full and bought a house with the funds.
Protection of your wealth from desperate governments
In the event of desperate government or capital controls, your bank account can be frozen, and you may not have access to your money. With crypto assets, you still have access and control of your assets. In some parts of the world, this could mean the difference between feeding your family or not.
Diversification in the cryptocurrency market
Invest in different coins
You don’t have to buy just one coin. There are various cryptocurrencies each with technological and fundamental differences. Although Bitcoin and Ethereum should be a larger part of your holdings, diversifying your other assets may present opportunities for you to invest in other developing and revolutionary technologies. Coins like Cardano, Polkadot, and Chainlink are popular options here. They are excellent projects that have the potential for huge gains if they succeed.
Stake your coins
You could also diversify by staking some coins to start earning passive income. Some coins like Tezos, Cosmos, or Algorand offer staking rewards for holding their coins. With some of these coins, you can earn interest rates between 5-10% per year. Over time, those staking rewards can really add up.
Look at DeFi tokens
If you are OK with taking up more risk, DeFi tokens are growing at a rapid rate. DeFi is ‘decentralized finance’ and aims to recreate traditional financial services on the blockchain. Tokens like Aave, Compound, and Uniswap have been trending over the past 12 months. While they are risky, DeFi tokens also have potential for massive gains.
Passive income potential from staking, lending, or trading
Earn interest on your crypto by staking, lending, or trading it. Cryptocurrency gives you the opportunity to earn passive income in ways traditional currencies or investments don’t.
When you stake your crypto, you lock it up to validate transactions on a blockchain and earn rewards for your contributions. Most popular cryptocurrencies to stake right now include Tezos, Cosmos, and Algorand. Staking rewards can be 5-10% annual returns with longer staking periods. With staking, your tokens stay in your wallet which means your money stays safe.
Lend your crypto to borrowers on a lending platform and earn interest. Cryptocurrency lending allows you to earn 3-8% interest per year on loans. The platform uses your crypto to fund loans, but you still own the assets and can withdraw them whenever you’d like. Lending does carry some risk—borrowers could default—but most platforms have measures in place to mitigate that risk.
Popular cryptocurrency lending platforms include Celsius, Nexo, and BlockFi. Trade on the value of cryptocurrencies by buying when the price is low and selling when the price is higher. When you buy, you hope the value goes up. If the price rises and you sell, you make a profit.
Start by investing an amount with which you’re comfortable, choose a strategy best suited to your level of risk tolerance, and let compound interest work for you. UniPayment’s Cryptocurrency daily payments streamline business transactions providing a myriad of benefits. Lower transaction fees, faster settlement times, and enhanced security are benefits of UniPayment.
Ultimately, it’s about seizing your financial fate—having the capability to liberate oneself from the monotony of daily life through cryptocurrency and live under one’s own conditions. You need to quit trading hours of your day that you’ll never get back for a paycheck that barely covers the bills. Accept digital currency in exchange for products or services rendered—then save those coins towards retirement.
