With the pandemic situation, many have lost their jobs and realise that just relying on 1 income source is an extremely risky choice as there will be no income inflow should they lose their only job.

So let me share with you some of the easy methods I use to ensure I constantly have multiple streams of income and will not be affected if any stream got terminated.

  • This is a hack but it is so easy to execute hence I am naming it first. As I do not want this to be patched, I will just drop a hint and you can drop me a DM to find out in details. UOB AMEX 1.7% cashback no exceptions. If you think critically, you’ll be able to find out how to game the system legally.
  • Be a P2P seller for USDT on Huobi. The only risk here is FX cost. If you change SGD > USD at a high rate and SGD suddenly weaken or USD strengthen, then you might find yourself holding on to a lot of USDT that you can’t sell without incurring a loss. Currently, this currency pair usually hovers around 1.34 – 1.38 at current date of my post. So what I usually do is I convert my SGD at around 1.34-1.35 to USD. Convert my USD to USDT and sell the USDT at around 1.37-1.38. So that’s pretty easy profits.
  • I am also building up my VIX contracts which give pretty substantial interests every day even on weekends. This would be my main passive income stream moving forward. The entry for these contracts are extremely important otherwise you may lose more than the amount your daily interests can cover. Do not trade VIX unless you know what you are doing and always set strict cut loss.
  • Active trading on Tigers and Interactive Brokers. I do my US trading everyday from 930pm to 12am without fail. I usually just scalp and day-trade, but some of my holdings are for long-term if I see strong potential in the company. But active trading is definitely a way to grow your wealth and if you look at the growth of S&P 500 over the years, it is constantly moving upwards. A correction in the market is always a good opportunity to accumulate more shares of good companies. You can get referral links to these 2 platforms and win some pretty good welcome gifts. (Referral Links)


There are still many other ways to generate multiple streams of income, but these are some of my methods and I hope you will be inspired to start on some of them.

Investment

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