Today I will share with you my 7 figure plan for maximum results with minimal effort. You will need this information for adapting to 2022.
There are several main ways that you, as an individual, can make money. First, you can be an employee, earning a fixed wage or salary. In this case – which is most people – you are trading your own precious time for a fixed rate of pay or remuneration. You are set in a contract of employment. Rarely, you might get a bonus payment. A Christmas bonus is one possibility.
Secondly, you can be the owner of a business. You receive, or share in, the profits of the business after tax. Your earning potential is usually much higher. You could even have a salaried manager’s role in addition. However, remember that often up to 90% of new businesses fail over the long term. Nothing is guaranteed. Many business owners will go on to become millionaires. You might also be one who “creates a job for himself.” A bit of a trap, if you can’t get away and take a well-earned holiday.
Thirdly, you can make money as an investor. You might invest in another business, or in stocks and shares. An additional asset class to invest in now is cryptocurrencies. Some large corporations, as well as smaller investors, are investing in cryptocurrencies and precious metals like gold and silver, as a hedge against inflation. Cash assets are at risk of devaluing in 2022, because of inflation.
Investing in cryptocurrencies
In 2022 it turns out that investing in cryptocurrencies is a smart business investment. If you want to get started now by reading more, I’d suggest you start on the Binance blog. This is one of the major cryptocurrency exchanges. Get your ID documents ready, like a passport and a driver’s license. KYC is in place to “know your customer.” It is a legal requirement.
My 7 Figure Plan for maximum results involves learning this specific information about the ‘Algorand’ blockchain:
What is Algo?
Algorand is an open source, pure proof of stake blockchain protocol. It requires a negligible amount of computation, and generates a transaction history with low “fork” probability. This protocol aims to remove technological barriers: decentralization, scalability, and security, that have undermined the acceptance of mainstream blockchain. Algorand implements a new Byzantine Agreement (BA) protocol to reach consensus among users on the next set of transactions. To scale the consensus to many users, Algorand uses a novel mechanism based on Verifiable Random Functions. There are two types of smart contracts on the Algorand network: Layer 1 on-chain, and Layer 2 off-chain, by moving the most computationally intensive smart contracts off-chain, Algorand frees up space on the network for simple transactions, thus reducing congestion to improve processing speed. Quoted from source: Livecoinwatch: ALGO price.
LiveCoinWatch provides Realtime data about cryptocurrencies. It is an authoritative source of data.
My 7 figure plan for maximum results with minimal effort
This is based upon the fact that central banks in all countries are evolving towards CBDCs. These central bank digital currencies will be faster and more efficient. Issues of privacy may be outstanding. The two blockchain networks most likely to be powering these CBDCs are the Ripple XRP Ledger, and Algorand. Ripple, the company that built the XRP Ledger, is already contracted to create the network for Republic of Palau, in U.S. dollars. Nepal is making similar moves. London is consulting with Ripple, also. It is interested in a digital CBDC. China has a head start with its digital Yuan. RMB.
So, I have personally initiated investments in both XRP and ALGO. This is not investment advice. I am NOT an investment adviser. This is just information for educational purposes.
More information is readily available by contacting the author, Geoff Dodd, of Online Course Business School.
