Finding ways to earn an income when you’re home with your kids isn’t always easy, but there are a growing number of options—including cryptocurrency. You might want to brush up on your investing know-how when you discover how some stay-at-home moms earn extra cash with Bitcoin.
According to The Week, more moms are jumping on the Bitcoin bandwagon. Earlier this year, stay-at-home-mom Tiffany Britt posted in a moms’ Facebook group looking for others who might be interested in pooling their funds into an unusual investment opportunity. About 30 moms responded to her call, throwing in anything from $20 to $100 for a total pool of $1,400, which Britt then used to invest in Bitcoin. This type of financial investing is growing in popularity among moms.
For the uninitiated, Bitcoin is a form of cryptocurrency, or crypto. There are many different types of crypto, which is unregulated digital money. Investing in crypto isn’t difficult and doesn’t require a lot of financial know-how. In fact, anyone with access to the internet and a credit card or bank account can do it. That’s not to say that it doesn’t come with risks, just like the stock market. (Crypto has recently been taking a steady dive in value after quickly rising just a year ago.)
There are some resources available to help moms who want to dip their toes in the crypto game. Online communities, like Cryptomoms.com, offer tutorials and forums to help moms get started setting up a coin wallet and buying crypto. You can also find opportunities to earn crypto rather than simply purchasing it.
Storm, for example, is a “gamified micro-task platform” that allows users to complete simple tasks on their phones in exchange for earning crypto. Storm COO and president, who is also a mom, says she has made hundreds on investments and fit it all around her schedule with her kids. “I took out several audiobooks so whenever I was driving or my kid was taking a nap, I listened. Every morning, I spend some time doing searches and seeing the latest in the news.”
Whether or not they’re able to earn money right away, both women agree that the idea is really about educating themselves and becoming well-versed in a new domain that could open more doors for them in the future.
Featured photo: Janeb13 via Pixabay