Several million dollars with a jet-set lifestyle full of cars, travel and adventure. Oh, and beaches are most definitely involved. Lots and lots of beaches. For some, this would be the definition of living a financially free and financially independent life.
For others, financial freedom and financial independence may be having their own business that allows them to earn enough money to live comfortably, while staying home to raise their children as a single parent.
Regardless of what your definition of a financially free and financially independent life may be, what if I told you that the new cryptocurrency revolution could be key for you achieving it?
That’s exactly what we will be looking at in this article, so you can understand how everyday people are becoming financially free and independent through the crypto revolution, and how you can use InventoryClub to reach your financial freedom and financial independence goals.
What Do Financial Freedom & Financial Independence Mean?
So what do we mean by financial freedom and financial independence? Aren’t they the same thing? Well to most people in most conversations, yes they are the same. However, we are having a slightly different conversation here. And because of that, we are going to define these terms slightly differently for you.
What Is Financial Freedom?
Financial Freedom is the financial state of being of an individual or a family. Typically, in order to be considered financially free an individual or family is/has:
- Debt Free: Absolutely zero debt. No money is owed to any creditors, businesses, etc.
- Emergency Savings: Has a level of immediately available savings that could sustain you through a period of time where source of income is lost (Usually 6 months worth)
- Retirement Set: Has saved/invested enough (through 401(k), IRA, real estate, etc) to live comfortably after retirement age without (drastically) downgrading typical lifestyle.
- Overall Lack of Stress Around Their Finances: Has a general lack of stress and worry around their financial situation (doesn’t keep them up at night)
What Is Financial Independence?
Financial Independence encompasses everything from financial freedom, with a few variations. The primary goal for an individual or family seeking to become financially independent is the ability to have the option of continuing to work, or retiring early. From a financial perspective, they are able to live life on their own terms.
- Good Debt: Debt that is carefully used to build/acquire cash flow and/or dividend paying assets (i.e. rental properties, purchase of private businesses, etc.). This debt is considered good because it is secured (covered) by an asset
- Investment Income: Income that comes in passively as a result of investments (i.e. rental properties, dividend paying stock, equity in privately-held businesses, etc.). This is where your money works for you, essentially providing you with enough cash flow from investment income to replace working income
Now that we have defined what each mean, let’s look at how everyday people are using cryptocurrency to pursue and achieve their goals of financial freedom and independence.
How People Are Using Cryptocurrency To Gain Financial Freedom
When it comes to using cryptocurrency to become financially free, there are three main strategies being used currently. These strategies are:
- Get in on the Initial Coin Offering (ICO)
- Buy and hold
- Day trading
An ICO, or Initial Coin Offering, is often something a FinTech or blockchain company will do when they are launching a new cryptocurrency or blockchain project. The idea behind it is pretty straightforward, essentially taking the more traditional IPO (Initial Public Offering) and marrying it with crowdfunding, in order to raise funds for their project.
Knowing this, the strategy of how people are reaching financial freedom becomes clear. Buy shares (often called tokens or coins) of the new project at the initial offering for a very low price, and sell later when the price has (hopefully) risen.
Buy & Hold
Similar to getting into the traditional stock market, the buy and hold strategy probably the most straightforward of every strategy on this list. It is also the most utilized. Buy coins or tokens at one price today, hold them for a period of time, and don’t sell them until the price has gone up.
This strategy is very similar to the ICO strategy, with one major exception. Here you most likely aren’t getting in on the “ground floor”, which can be both an advantage and a disadvantage.
The advantage would be that you are likely buying something that isn’t “as risky” and maybe there has even been some traction already with project. The disadvantage though would be that you aren’t likely to see as high of returns as you would taking more risk and getting in on the ICO.
Trading cryptocurrencies has not only become a way for people to make a living, for some it’s become a way to reach financial freedom. It is similar to day trading traditional stocks. And just like day trading stocks, it can be a risky endeavour. However, many traders have been able to manage the risks and become financially free, through hard work, focus, and diligence of course.
Now that we’ve gone over a few of the main ways people are using cryptocurrency to become financially free, let’s look at how you can use InventoryClub to reach your financial independence goals.
Reaching Financial Independence Using InventoryClub
Getting involved with InventoryClub is different than Bitcoin and most other cryptocurrencies and blockchain companies. While we’ve created our own token (VNT token) that can be traded on exchanges, InventoryClub is not a cryptocurrency. InventoryClub is a financial tech company that utilizes blockchain technology to power an ecosystem of marketplaces for inventory financing and e-commerce. As a result, InventoryClub offers you more ways to reach your goals of financial independence.
Here are four ways you can use to reach your financial independence using InventoryClub.
Get In On The ICO
Depending on when you’re reading this, taking part in the InventoryClub ICO may or may not be an available possibility. If it is still a possibility, getting involved with the ICO can be a great option for you to look into. If you take part in the ICO you will be purchasing VNT tokens.
Unlike most other ICOs, however, the journey doesn’t just end with your purchase of VNT tokens. Acquiring VNT tokens presents you with multiple routes to take in order to reach your financial independence goals.
Buy & Hold
Once you’ve acquired your VNT tokens, whether through participating in the ICO or buying on an open exchange, you have several options to proceed. One option is to simply hold your VNT tokens. As more and more people transact in both the inventory proposals marketplace and the e-commerce marketplace, it is reasonable to suspect the demand for VNT to go up. And if it does indeed go up, you may be in a prime position for choosing to take advantage of the rise in demand.
Trading In The InventoryClub Marketplace
We have now come to what sets InventoryClub apart from others when it comes to reaching your goals of financial independence. With most (almost all) other cryptocurrencies and blockchain projects, you are only able to play a passive role. Sure you can actively day trade with other coins and tokens, but your ability to see a return will likely be completely at the mercy of the state of the market and its (not your) value on the company.
In other words, you can only see returns based on speculations and therefore passively. However, the InventoryClub marketplace allows you to take a more active role. You are able to use your VNT tokens to purchase inventory proposals presented by merchants.
And whatsmore, you will be able to see the expected level of profit upfront, as it will be detailed in the agreement created when you’ve made your purchase. Through the micro-financing of merchant inventory, you are able to see returns in a manner you have much more active control over.
But how do you use this to reach financial independence?
Do your research and due diligence to find a proposal that fits your current financial level and desired profit levels. Make the purchase. See the returns. Then, rinse and repeat, while continuing to refine your research and due diligence skills along the way. It is quite possible to actually build a sustainable business for yourself using this model, and thus reach a level of financial independence where you allow your money to work for you.
Trading In The Commwea Marketplace
If you are a member of the Commonwealth (i.e. citizen of a country that is apart of the Commonwealth of nations), then you are eligible to become a merchant. By becoming a merchant, you can build a business for yourself using the InventoryClub marketplace to find mirco-financing for your inventory needs.
You can then sell that inventory in your own e-commerce store as apart of the Commwea marketplace. Using this model you have the ability to build a sustainable e-commerce business for yourself. You can focus your financial resources on marketing and business development, rather than having your cash tied up in inventory.
Logistical things like inventory storage and shipments are also automated and taken care of for you by InventoryClub. With these things in place, you can focus on building a successful e-commerce business that generates lucrative profits, allowing you to reach your financial independence goals.
Achieving financial freedom and financial independence has never been more accessible than it is today. The crypto revolution is not only changing the way our world works financially, but it is also empowering everyday individuals with an ability to take control of their financial lives. With InventoryClub, there are numerous ways you can use to actively reach your financial goals. Whether buying and holding VNT tokens or taking part in one or both of the marketplaces, the choice is yours and we are here to support you on your journey of financial freedom and financial independence.
Interested in learning more about how InventoryClub can help you take advantage of the tremendous financial opportunity that is happening right now in the Commonwealth? Check out our whitepaper.