How to earn passive income with AltCoinTrader's EasySave

Investing offers one of the biggest opportunities for generating passive income. Did you know the average millionaire has five streams of passive income? Today we discuss how you can earn passive income with AltCoinTrader’s EasySave.

What is passive income?

Passive income is income one automatically generates without too much ongoing effort. For example, interest earned on savings, rental income, dividend-paying stocks, being a silent partner in a business venture and of course AltCoinTrader’s EasySave.

Why it’s important to earn passive income

Time is precious and it is far more valuable than money. Whilst one can make more money, you cannot have more time than 24 hours in a day to do so. Wouldn’t you rather spend time doing what you love as oppose to agonising over unpaid bills and piling debt? The amount of money you make is typically correlated to your time but with passive income, money works for you on a 24/7 basis.

John Wooden said: “Don’t let making a living prevent you from making a life.” The best way to accomplish this is by earning passive income. Here are our top 5 reasons why passive income is very important:

    • Provides financial stability and opportunity for further growth.

But I don’t have a lot of money…

This is a popular phrase among those who think that the first step is insignificant to accomplish your goals. Remember a journey of a thousand miles begin with a single step. If you do not take that first step, you cannot earn passive income. It is well-known amongst millionaires that the first R100 is more significant than the first R1 million. Your starting point is the most important aspect to potentially become a millionaire. Furthermore, once you take that first step, more opportunities to earn passive income will become prevalent and you can then take the second step.

First of all, it is important to have a positive attitude even if you don’t have a lot of money. Then, control the neigh sayers and negative thoughts which attempt to prevent you from taking that first step.

AltCoinTrader CEO Richard de Sousa gives the following helpful advice in his latest YouTube video: “Start saving by not draining your bank account every month. Make the decision to leave a small amount of R200 or R500 in your bank account every month and add to the savings to build up to R1 000, for example. If you drain your bank account every month, you cannot start your journey to financial freedom.”

Earn passive income with AltCoinTrader’s EasySave

Start earning passive income with AltCoinTrader’s EasySave. AltCoinTrader pays out hundreds of thousands of Rands to those who save with EasySave, despite last year’s bear market. With the exchange’s track record of almost 10 years, the risk is less than the potential highs. All you have to do is register an account on AltCoinTrader, deposit ZAR and visit the EasySave page. You can earn 7.18% on xZAR, 4.32% on TRX tokens and so much more. Remember, AltCoinTrader has 100% of clients’ funds backed up.