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1985

Abstract

<p id="cec0">What is buy-and-hold investing?</p><p id="5879">Simple.</p><ul><li>Search for undervalued stocks, ETFs, cryptocurrencies, or assets that will pay a reoccurring dividend.</li><li>Invest daily, weekly, or monthly into those assets, otherwise known as “Cost-dollar-averaging”.</li><li>Set it and forget it, continue investing in those assets, and never stop.</li></ul><p id="82cd"><b>How did I make $10,540 from this method yesterday alone?</b></p><ul><li>$2,200 in rent collected from one of my rental properties</li><li>$2,510 in gains in my <a href="https://share.acorns.com/zones/friend_landing_experience_microsite?extole_share_channel=SHARE_LINK&extole_shareable_code=bnaxler&cro-test=true">Acorns</a> account (mix of ETFs and BTC)</li><li>$3,100 in gains in my Vanguard and Schwab accounts (ETFs and Stocks)</li><li>$4,930 in gains from BTC and ETHs jumps in price</li></ul><h2 id="8452">FAQs:</h2><p id="ec75">Is that a normal amount of daily earnings?</p><ul><li>No, BTC’s massive jump yesterday was a massive catalyst</li></ul><p id="d9e8">If I gained that much can I lose that much?</p><ul><li>Yes! That’s the point of buying and holding instead of day trading, not every day will be a winner but in the long run, the wait (usually) pays off.</li></ul><h2 id="9aef">Past results are not indicative of future earnings</h2><p id="a9fb">While past results may show that buying and holding will (almost) always pay off in the long run, the gains are not guaranteed.</p><p id="101e">Anything can happen to any or all of these assets and investments. That’s why I diversify between stocks, ETFs, cryptocurrencies, and real estate.</p><p id="fd17">In the long run, though, the patience has always paid off for me.</p><p id="2abe">I intend to stick to this same boring plan moving forward with the hopes of retiring quite wealthy one day. 🤞</p><h2 id="f33a">How can you get started?</h2><figure id="1dcf"><img src="https://cdn-images-1.readmedium.com/v2/resize:fi

Options

t:800/1*k62ymKzleMFvAQAKR8A_bA.gif"><figcaption><a href="https://giphy.com/gifs/cbc-comedy-what-3o7btPCcdNniyf0ArS">GIF by GIPHY</a> from Love CBC</figcaption></figure><ul><li>Subscribe to receive email updates when I publish, I love sharing useful information about my investing journey</li><li>Check out some of my favorite books on <a href="https://amzn.to/3uJqw9s">investing and real estate</a></li><li><a href="https://share.acorns.com/zones/friend_landing_experience_microsite?extole_share_channel=SHARE_LINK&extole_shareable_code=bnaxler&cro-test=true">Get started investing with Acorns today</a> with as little as $5</li><li><a href="https://readmedium.com/from-5-to-35-000-my-journey-with-acorns-and-the-power-of-small-investments-ab50ebc4b815">See how I grew my acorns account to more than$ 35,000</a> (the boring way)</li><li>Check out other inspirational Medium writers who have amazing passive income and investing knowledge to share:</li></ul><p id="a3d8"><a href="undefined">DannyOnDemand</a></p><p id="7c56"><a href="undefined">Christina Piccoli</a></p><p id="df80"><a href="undefined">Mr. Plan ₿</a></p><p id="b158"><a href="undefined">Bin Jiang</a></p><p id="b2d1"><a href="undefined">James Julian</a></p><p id="1a59"><a href="undefined">Dustin Richard</a></p><p id="b47e"><a href="undefined">Ryan Canady</a></p><p id="f5f7"><a href="undefined">Brandon Duff, The Boring Passive Income Dad</a></p><h1 id="bd13">About the Author — ME!😎</h1><p id="241a">I’m Ethan Ginsberg, I am a San Francisco Bay Area non-stereotypical tech employee who’s always looking for ways to build my path to financial freedom. 🤑💰 I love sharing passive income ideas and bragging about all the ways I have failed miserably and learned from those failures. 💪</p><p id="95ef">Check out the <a href="https://medium.com/brag-board">Brag Board publication</a> for more stories about trials, tribulations, wins, losses and all the money gained and lost along the way!</p></article></body>

How I Earned $12,740 Yesterday From Years of Doing Nothing but Waiting

Making passive income is easy if you’re patient, very patient

Image generated with Dalle-3, prompt by author

Did you know there’s about 2.33 Trillion USD in circulation?

About $49 Trillion in the US Stock Markets
Estimated 85.4 Trillion “dollars” or monetary value units globally

That’s a lot of cash.

So with about 8.1 Billion people on Earth, how can you get your fair share?

Screenshot of estimated world population by worldometers.info

Making passive income is easy if you’re patient, very patient

Personally, I am a big fan of passive income.

“If you don’t find a way to make money while you sleep, you will work until you die.” — Warren Buffett

There are endless passive income ideas, they all take a little effort upfront but the end goal is simple:

Continue earning money from your work while you sleep.

Writing on Medium
Selling on Etsy or Gumroad
Selling eBooks
Newsletters

For an endless list of ideas, check out Jamie Northrup - Minimalist Hustler’s publication Minimalist Side Hustles.

How I Earned $10,540 Yesterday From Years of Doing Nothing but Waiting

My favorite form of passive income is buy-and-hold investing.

What is buy-and-hold investing?

Simple.

Search for undervalued stocks, ETFs, cryptocurrencies, or assets that will pay a reoccurring dividend.
Invest daily, weekly, or monthly into those assets, otherwise known as “Cost-dollar-averaging”.
Set it and forget it, continue investing in those assets, and never stop.

How did I make $10,540 from this method yesterday alone?

$2,200 in rent collected from one of my rental properties
$2,510 in gains in my Acorns account (mix of ETFs and BTC)
$3,100 in gains in my Vanguard and Schwab accounts (ETFs and Stocks)
$4,930 in gains from BTC and ETHs jumps in price

FAQs:

Is that a normal amount of daily earnings?

No, BTC’s massive jump yesterday was a massive catalyst

If I gained that much can I lose that much?

Yes! That’s the point of buying and holding instead of day trading, not every day will be a winner but in the long run, the wait (usually) pays off.

Past results are not indicative of future earnings

While past results may show that buying and holding will (almost) always pay off in the long run, the gains are not guaranteed.

Anything can happen to any or all of these assets and investments. That’s why I diversify between stocks, ETFs, cryptocurrencies, and real estate.

In the long run, though, the patience has always paid off for me.

I intend to stick to this same boring plan moving forward with the hopes of retiring quite wealthy one day. 🤞

How can you get started?

Subscribe to receive email updates when I publish, I love sharing useful information about my investing journey
Check out some of my favorite books on investing and real estate
Get started investing with Acorns today with as little as $5
See how I grew my acorns account to more than $35,000 (the boring way)
Check out other inspirational Medium writers who have amazing passive income and investing knowledge to share:

Brandon Duff, The Boring Passive Income Dad

About the Author — ME!😎

I’m Ethan Ginsberg, I am a San Francisco Bay Area non-stereotypical tech employee who’s always looking for ways to build my path to financial freedom. 🤑💰 I love sharing passive income ideas and bragging about all the ways I have failed miserably and learned from those failures. 💪

Check out the Brag Board publication for more stories about trials, tribulations, wins, losses and all the money gained and lost along the way!