Earning $54k/year sitting on my butt

Feelsgoodman â˜ș

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This is awesome. Thinking about doing the same, but how did you think through the risk here? There’s a reason you can get 9%, right? What does everyone else have wrong?

likesmart

This makes sense. Thanks. Good point about the cascading liquidations in May being a legit stress test

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Congrats! why not keep it in BTC and earn interest on that? That way you can capture any cap gains too? I’m at a similar $ amount but earn ~$36k/yr + cap gains.

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USDC is not FDIC insured though.

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I might drop in another $400k and retiređŸ€—

likesmart

Have about $300k in stablecoin, split across GUSD and DeFi. It’s niiiiice

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How do you people have so much money. Sheesh.

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Totally DM me if you're ever in Los Angeles

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I have a much smaller size than y'all. But you feel safe about USDC? From my limited research it doesn't seem to have the same sketchiness as Usdt, I'm curious what you all think

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USDC is not fully backed, only 60% of USDC reserves are in cash or cash equivalents per the latest monthly attestation report published by Centre. USDC is still much more legit and transparent than USDT but wanted to call that out

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How did you make the $1m?

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Also spending my entire 20s saving and investing half my income even when I didn't earn that much

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How much do you need to get the 9%

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You need to carry average $100 USDC a month

I split my stablecoins half GUSD and half USDC. Think it helps reduce the counterparty risk a bit.

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That's smart.

If this drops 20% your earnings might be slightly off.

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I never understood people saying don’t forget about taxes. You don’t turn down a $54k raise saying “oh no taxes”, lol

likefunny

Nvm just looked up and saw it’s voyager lol

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Another person enjoying crypto :)

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I remember you started a thread a while ago asking about the different interest account providers. Any particular reason you chose Voyager other than them having the highest APY? Did you end up evaluating/testing any others?

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NGL, I'm feeling pretty rekt that I diversified into stablecoins right now 😅

43...44...45...46...

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Oh wow! You actually put your $ into Voyager. I read your post in a different thread and was wondering how it was going. Thank you for sharing!!

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How are you gonna live on 100k pre tax?

I don't raise my spending to the level of my income. That's a trap.

Just because I earned $200k+ at McKinsey doesn't mean I spent that much.

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where are you getting 9%

From defi lending through Voyager

I could get more if I did it myself. I know people that do.

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How reliable is USDC vs GUSD/BlockFi? This is awesome, congrats!

Where’s this at?

Voyager

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Which platform do you use??

Voyager

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