This morning before work, I created this flyer, not realizing how this whole concept would come into fruition. As the day went on, I had the opportunity to speak with a passionate soul who is just as dedicated as I am in having and using multiple gifts. Sometimes, people with multiple gifts and purposes are told that they have too many gifts or are doing too much. Which is not true. This pleasant soul touched on creating multiple streams of income. This was definitely a sign that I was on the right path. We were meant to speak and share our ideas of generational wealth, streams of income, our passion, and being multi-gifted.
I am using my gift of writing to provide details on creating multiple streams of income. The goal is for individuals to identify current streams of income, identify future streams, and to work towards having at least 7 streams. This is a work at your own pace, income generating plan.
Feel free to subscribe to my monthly subscription page to get information on writing, publishing, and creating different streams of income.
Have you considered creating different streams of income? Creating different streaming not only provides you with increased income if needed, it also allows you to create passive and active income.
The stock and cryptocurrency markets have definitely seen better days, but for most people like my sister and I, this is a buyer’s market. Just meaning that this is the best time to buy things you have always wanted, such as Apple, Tesla, Airbnb.
Although this is a buyer’s market, please make sure you continue to research the stock you are about to purchase. I understand that some of you may want to buy the stock, which is now $0.30 a share. However, just a few months ago that same stock was $3- $5. With the pandemic still occurring, the decrease could be pandemic related or due to being overvalued. There’s no telling what the cause it, but it’s better to research and identify what caused the increase or decrease, so you don’t loose everything you have invested in that stock.
My ultimate Top Six Stocks and Top Three Cryptocurrencies, which I believe will excel for years to come, are listed below. These stocks have done well before, during, and are expected to do well after. Below I provide the company, tickers and
Top 6 Stocks
1. Apple (APPL)- INFORMATION TECHNOLOGY SECTOR – Current price per share $168.64. Dividend- $0.88 per share.
Apple is well known for developing iPhones, iPads, Apple Watches, computers, and technology to assist us with surfing the internet, designing flyers and books, and completing work or daily activities via the World Wide Web.
2. Airbnb (ABNB)- CONSUMER DISCRETIONARY SECTOR- Current price per share $166.53. No Dividend.
Airbnb is a hospitality hotel/hostel/vacationing in a home type of business. Consumers are able to stay in the homes of people who live or own property in the city, state, or country they live.
3. Ford (F)- CONSUMER DISCRETIONARY SECTOR-Current price per share $17.55. Dividend- $0.40 a share.
Ford is a car company that manufactures Ford vehicles. Interest in Ford has been increasing lately with the anticipation the company releasing its electric vehicles this yea.
4. Equity Residential (EQR)- REAL ESTATE SECTOR- Current price per share $86.38. Dividend $2.41 a share.
Equity Residential provides a way to invest in Real Estate without having to buy property, fix it up, and then resale it. There is nothing wrong with buying and reselling property. You just have the necessary resources to do so, which is why some people choose to invest in stock compared to the buying property.
5. ZipRecruiter (ZIP)- CONSUMER DISCRETIONARY SECTOR- Current price per share $21.43. No Dividend.
ZipRecriter is a web based employment database. It helps employers market open positions and jobseekers apply for those same positions. Employers can list information about their companies, reviews, and helpful information to assist individuals with researching opportunities. Individuals can upload their resumes, cover letters, and setup notifications for certain positions.
6. Discover Financial Services (DFS)- FINANCIALS SECTOR- Current price per share $124.14. Dividend- $2 per share.
Discover Financial Services is a credit card company. The company has cash back options, access to your credit score, and incentive programs for using your credit card or referring others.
Top 3 Cryptocurrencies
1. Bitcoin (BTC)- Current price per share $42,413.35
2. Ethereum (ETH)- Current price per share $2,923.36
Just like cryptocurrency, electric vehicles are the next wave of the future, whether it’s from Ford, Lucid Motors, Tesla, NIO, Nissan, or Apple (If everything holds true about Apple developing an Apple car).
From the self-driving features to the battery swapping service in less than 60 seconds, who wouldn’t want an electric vehicle (EV)? Actually, I’m sure there are some people who would not want an electric vehicle. Some for the same reason as not wanting cryptocurrency (crypto), such as not understanding the product and being accustom to another product. I have definitely been there before. However with knowledge and understanding, I came to the conclusion that I want in a part of the movement toward accepting and investing in EVs as well as crypto.
Investing in EVs and crypto through the stock market and a crypto wallet is another way of investing in these products and making money while doing so. Most of the stock for EVs above can be found any where for $9 a share to $1067 a share, with the higher outlier belonging to Tesla. Stocks like Ford and Apple also pay a dividend per share, which is really nice.
When investing your money in EVs, I would suggest you look at the company as a whole from the last few months, years, and upon inception. Stock charts tell a story, whether it’s regarding a reverse split, company changing directions, or two companies discontinuing their partnership in order to develop their EVs independently.
I want you to leave here today with a few tidbits, which are to start researching and considering investing in EVs, cryptocurrency, and look at ways in increase your financial standing as an investor and consumer.
When I think about Bitcoin Mining, I think about the process used on Rariable.com to assist creators with selling NFTs. However, recently I learned that Miners/Investors can also make money this way. This led me to researching information on Investopedia.com to learn more about the process.
The link to the Investopedia article above identifies that miners can be rewarded Bitcoin by being the first miner to solve or be the closest to solve a numeric problem. Mining requires specialized equipment in order to do so.
The article also discusses newly formed Bitcoin, which made me reference a cryptocurrency podcast on Twitter that I recently attended. The podcast mentioned creating cryptocurrency, which did well in the beginning; however started to decline shortly afterwards. Please note that was for a particular currency and not Bitcoin. We all know this scenario, which is all too familiar for tangible currency. The more heavily populated a currency is, that currency tends to lose it’s value, especially as newer forms are created. I am not sure if this is the same with Bitcoin. I just want to start this discussion to identify if you are aware of how Bitcoin Mining works and can you provide tips? Have you ever participated in Bitcoin Mining and can you provide tips?
Feel free to add a comment below so we can discuss this a bit more.
One thing I know about investing is the importance of being able to discuss your investments with like mind individuals. Like mind, meaning those who are investing or want to invest in the stock market or Cryptocurrency.
Investment groups or investment discussion groups are really great to be a part of. They allow you to meet in person, virtually, by email, or text messages to discuss your investments and gain clarity to those investments.
Check out my new blog at EdwardsFamilyEmpowerment.blogspot.com which discusses investment discussion groups and social media stock groups.
Here is my next article on investing that I wrote for Edwards Family Endowment. There are 2 other parts set to be released between now and the beginning of the year.
Here is my next article on investing that I wrote for Edwards Family Endowment. There are 3 other parts set to be released between now and the beginning of the year.
How often have you been keeping up with cryptocurrency? With the markets being open 24/7 you don’t have to wait for certain days or hours for the market to open. This allows you to stay current with the market.
Staying current with the market allows you to evaluate and re-evaluate your top five cryptocurrencies.
Below are some of the currencies on my watchlist. I’ve been watching BTC since it was around $30,000, ETH around $1,800, and SOL around $85. All of these currencies are on the move. Are you moving and grooving with them?
Recently, I was given an opportunity to write an article on investing. I decided to do it in 5 parts because there is so much information to investing. Feel free to click the link below to see my first article.
One thing I’ve heard from individuals, especially those who are successful, is to create different streams of income. Creating different streams of income allows you to diversify your income streams.
I remember when I worked for a non-profit organization about 8 years ago. Our Workforce Development Director talked with the staff about not relying heavily on funding from one entity and diversifying our income streams as an organization. This really worked in her favor, because there was one funding source that had decreased drastically. Now there were a lot of changes made and she had to lay off some staff. However, she brought those individuals back once she had the opportunity.
Work
This is your main source of income. This income should allow you to pay the majority of your bills. This source should, but doesn’t necessarily have to, allow you to obtain health insurance, life insurance, and meet your basic needs in life. This also should be a job you enjoy. Have you heard the saying from Winston Churchill? “If you find a job you love, you’ll never work again.” This is true.
Side Hustle
The side hustle should be something you love to do to generate additional income. Whether it’s creating and selling books, baking and selling cookies, or creating marketing material for companies and individuals. Now a side hustle can definitely turn into permanent work. It just depends on you, your market, and the needs of your customer. Once you figure out if there’s a market for what you’re selling, you’ll be able to determine your next steps.
Investing
This allows you to sit back and let your money work for you. Now there is some work involved, such as researching companies, selecting a great investment, and continuing to watch the market and what’s going on in the news, and reallocating your investments if needed. Work on finding a strategy that works for you and your pocket.
“I’m all the way up. I’m all the way up. Nothing can stop me. I’m all the way up.” I am truly in my Verzuz’s mode right now. Fat Joe and Remy Ma’s song hits a little different when you see your investments going back up from being down the last couple of days. This is my exact feeling when I saw Bitcoin, Solana, and Cardano headed back up.
The thing about investing is you have to account for up and down days. Me personally, would be very cautious of a stock that is continuously on the rise without having a bad day. We all know, what goes up, must come down. So the question isn’t about if it’s going to come down, it’s when and by how much? This is when following financial information about the companies and charts come into play. These techniques help you identify when individuals tend to buy into certain stocks and cryptocurrencies and when they tend to sell them. This is called support and resistance levels.
The other thing about investing is that it takes time to build wealth. Now there are those one hit wonders who take $5000-$10,000 and invest it in one stock and have major increases. However, how many of us truly have that amount that we can invest and risk losing it all? Not I. I generally invest a set amount each month and sometimes additional if I find extra money to invest. Now my response may be different if my situation was different. Isn’t that the funny thing about life? Most of our responses or the way we handle things is most likely from our situations, history, or knowledge.
My suggestion to you is start the road to investing so you too can be “All the Way Up!”
T.I spoke candidly in his song About the Money by saying ”If it ain’t about the money…” For some it truly is about the money and others it may be about power, voting rights, etc. And that’s quite alright. We are all different and are motivated by different things. I assume that when our position and needs change, so does our priorities and focus. This is evident in Maslow’s Hierarchy of Needs.
Creating different streams of income is often the goal of individuals. This allows for more flexibility in case something happens to another stream of income. Many of us know that things happen and nothing is concreate or set in stone so multiple streams would be beneficial.
In April of this year, Time and Next Advisor revealed 7 Passive Incomes for 2021. These areas included: Blogging, Digital Courses, E-books, Digital Downloads, Affiliate Marketing, Real Estate Investing, and Stock Market Investing. They also discussed how many streams you should have, which I definitely agree with. The number of streams you have is dependent on your goals and needs.
How crypto savvy are you? If you are like some of us, you’re not an expert, but you know just enough to get by. If you asked this same question to me last year, my response would have been not at all.
So many things have changed in our environment and world that investing in cryptocurrency has became second nature. Hill Harper has also thrown his hat in the ring with his new crypto wallet- The Black Wall Street app. The app allows you to invest in Bitcoin. The app’s goal is to assist with increasing financial wellness in the black community by closing the wealth gap. The website further identifies “More than 150 years after Juneteenth, Black Americans still hold only 1% of U.S. wealth.” There were multiple videos on the app to assist with terminology and understanding Bitcoin a little more. The other great thing about this app is you can earn rewards with some of their partners. As the site says: “Learn. Earn. Invest.”
With the crypto market being open 24 hours a day, prices change often and rather quickly. Keeping an eye on it is ok and sometimes its good to just let it ride. It may be a good idea to look into other cryptos to invest in the future. This increases your knowledge of the subject matter. Read all you can and make Investopedia your best friend.
The last thing Mr. Harper discussed in his video on the app is to schedule a reoccurring investment. This is a great idea. It can be as little as $5 a month or $50 a week. You decide how much and how often.
I am still evaluating options for my top 5 cryptocurrencies. However, I now have my top 4 cryptocurrencies to hold for long term. Some people choose day trading when it comes to some cryptocurrencies. While some of these currencies may fit your option to day trade, I presume these will be great options for the long term.
My top four in order of how I believe these positions will sway in the future:
Bitcoin
Cardano (Possibly #1 in the future)
Solana (53rd popular on Coinbase. Previously 61st)
Ethereum
Other Possibilities
Compound
AMP
It will be interesting to continue to follow Compound and Amp to see how borrowing cryptocurrency and working with Amazon to accept cryptocurrency works out (If it’s more than just a rumor).
“All the rumors are true, yeah!” Just like Lizzo’s new song featuring Cardi B, “Rumors.” All the rumors regarding continuing to develop a top five crypto list and things you heard about these currencies.
As I continue to develop my cryptocurrency top five list, the list has went through many changes. The list has updated several times and I can now give my top three choices and possibilities. That statement feels as those I’m playing spades and stating I have three books and some possibilities.
Number 1 Choice is Bitcoin Bitcoin (BTC) is actually the number 1 cryptocurrency on Coinbase. BTC has made some people a lot of money, especially those who believed in it since it’s inception.
Number 2 Choice is Ethereum Ethereum (ETC) is said to be the 2nd best cryptocurrency in comparison to BTC and on Coinbase. When you are buying Non Fungible Tokens (NFTs) ETC is the currency used to purchase and list NFTs on sites such as Rariable.com.
Number 3 Choice is Cardano Cardano (ADA) is listed as 5th on Coinbase regarding popularity. ADA was founded and ETH was co- founded by Charles Hoskinson. Recently, news was shared on Motley Fool that “Cardano would enable the execution of smart contracts on its network — enabling transactions between parties without using an intermediary. The update that will place Cardano on par with Ethereum in this aspect is set to launch before the Cardano Summit in September.”
Strong Possibility Solana (SOL) is listed as 61st on Coinbase regarding popularity. Not as popular has the three above; however it still has been increasing steadily lately. SOL is said to be “a blockchain network that supporters say is faster and more energy-efficient than the Ethereum or bitcoin blockchains, which can seize up during periods of heavy transaction volumes.”
Another Strong Possibility Compound (COMP) is 8th regarding popularity on Coinbase. “COMP is a DeFi protocol that hosts lending pools to earn interest on various cryptocurrencies. These pools allow token holders to supply their tokens to others who borrow those tokens at algorithmically set interest rates based on supply and demand.”
A Possibility AMP is 9th regarding popularity on Coinbase. Last month, AMP was reacting positively to “rumors, Amazon(NASDAQ:AMZN was preparing to accept crypto payments. However, it needs a network to help with that. This is where Amp comes into play. The rumors claim that AMZN has reached out to Amp and Algorand to help it with this process.”
My goal is to continue to follow these cryptocurrencies over the next few months to present a more concrete list, which could change again between now and then.
Feel free to share your favorite cryptocurrency and why.
With Cryptocurrency, it is hard identifying what you would like to invest in, unless you are a crypto expert. If you are like most of us, you are a beginner, looking to get your feet wet.
When I first heard about cryptocurrency, it was in relation to Bitcoin. It was about 10 years ago. A friend of mine discussed it, which I did not know much about. I thought the whole idea of another currency was ludicrous (almost spelled it ludacris 😂). This was because most time people think this way at things they don’t understand. The whole idea of investing was foreign to me. Although my graduate school created a platform for us to start investing, I like many others, started the initial phase of investing and then fell off checking on my investment.
I got back into investing in 2018, which my sister and I started this process together. We invested in companies on the stock market such as: Disney, Apple, and EQR. This set the stage for investing in cryptocurrency in the future.
Investing in cryptocurrency started around the end of 2020 and beginning of 2021. My other sister had started investing in cryptocurrency due to her many discussions with another co-worker. The co-worker guided her in discussions about getting a crypto wallet and how to invest. This helped me understand cryptocurrency a little better and start researching information.
Honestly, cryptocurrency is a complicated subject, but it doesn’t have to be. The stock market was once complicated as well until I started looking into stocks, helpful tips, and guidance to investing. This is the same with crypto. As I begin to research and look into currencies, I am able to determine my watchlist and invest.
Here is my current watchlist:
Bitcoin*
Ethereum*
Cardano*
Compound*
Amp
Clover Finance
BarnBridge
Celo
(Items with asterisk mark just means it could be included in my top five cryptocurrencies in the future)
“Don’t nothing get straight, but straightenin. Don’t nothing get straight, but straightenin.” In the words of the Migos in a recent video, there has to be an understanding before anything can be “straightenin” out.
When I think about cryptocurrency and investing, there has to be an understanding of what you want to invest in, its past, its future, and anything that could affect the cryptocurrency.
Once you understand what you have invested in, you should be able to “straightenin” out conversations or even disagreements about what you have invested in. Have you ever been in a conversation with someone about something you are knowledgeable about and things started to go left real quick? Like Migos said “Don’t nothing get straight, but straightenin.” Straighten that situation out.
So let’s all get to “straightenin”. Love, peace, and happy investing.
Melica Niccole 