Jack and Jill have a bathtub full of 20 Dollar bills that some old Baby Boomers left them when they kicked the bucket. The contents of that bathtub total 5,000 USD. Jack has a good Job with plenty of flexibility while Jill works from home. They have no children with no plans to have any.
Jack comes home after reading all the news about BTC's soaring prices. He says to Jill he would like to get involved and see what BTC is all about first hand. Jill turns around and says i heard about it as well... I want to trade the volatility during the day. Jack says he would like to run a Mine. This would allow him to generate passive income.
How would we best accommodate Jack and Jill in the above scenario?
Jill will take time to understand the market and but he will start earning passive income as well if he gets his hand over the crypto trading in very perfect and professional manner. He can systematically invest into it and grow the money over the time without doing much except keeping an eye on the market ups and downs thats all.
In case of the Jack, he will have to build up some good amount of the credit before he can start investing into it. He will have to gather money and then buy the hardware, electricity and all the maintenance stuff t be managed later in the time. Basically he will have some smart and hard work involved and he will need to give more time than the Jill at first glance. Jack will have to wait for at least 1 to 2 years for reaching his ROI and then afterwards he can start earning good amount of money which will be his passive income.