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Earlier this month, I decided to try my hand at staking cryptocurrency for automatic income. I'll share a few things I learned diving kind of head-first into this project.

It's hard to miss the exposure that cryptocurrency has gotten this year, particularly the past couple of months in 2021. Literal fortunes have been made and lost with the attention and the market swings.

Since I had only earned a small amount of cryptocurrency at various endeavors, I got caught up in the excitement and decided to try my hand at staking cryptocurrency for some automatic income.

What is staking cryptocurrency?

Staking a cryptocurrency, in simplest terms, involves making the cryptocurrency available for the transaction system to work. In slightly more complicated terms, it involves usually a short-term contract to commit the cryptocurrency to a wallet and not spend it.

Now you can invest in small business with bonds! Start with as little as $10, and no fees …

(This is a sponsored post.)

It's no secret that small business everywhere have had a really rough time the past year. Even if the COVID-19 tunnel has a glimmer of light, it still will be a long road for many businesses to get back to “business as usual” or close to it.

Some of those businesses aren't letting the pandemic knock them off the map. They're getting injections of capital from people just like you and me who believe in their message and their future.

Crowdsourced funding isn't new. You can probably name a couple of such websites now.

The current funding options for these sites is cash. And not a thing wrong with that!

But there's a newcomer that just dialed up the coolness factor with:

Crowdsourced bonds.

I thought I filed my 2019 business taxes on time. This week I got a belated surprise from 2020 …

It's plainly obvious that 2020 was a tough year.

Things got rough in most of the US around February / March. Social distancing and gathering restrictions happened very quickly and many normal business and government activities slowed, sometimes to a crawl.

It started around tax time

In Virginia, our governor instituted his first executive order dealing with COVID-19 on March 23rd, 2020, which is right in the middle of tax time.

If you have to pay down debt, you know that it can be a long, hard road. Making it a bit of a game and celebrating is a way to keep yourself going …

(This post was published on November 5th, 2013, and has been updated.)

After blogging in the money niche for a while, I've read a lot of stories about people paying down debt. The utter relief — and emotion — of finally reaching the end of a long, hard journey are amazing to read about.

Prior to that story, though, it's hard work, planning, cutting, scrimping, laboring — and perhaps a lot of wishing and wanting. Wishing that they hadn't taken on so much debt on silly things, — or, unfortunately, wishing that the circumstances beyond their control hadn't happened to them. Wanting the financial struggle to be over so that every single purchase doesn't need to be a cost-benefit analysis.