#100K2025 Car to Crypto to Income Challenge
On December 22nd, 2022 I sold my car for $20,000. I am investing this money into digital assets (crypto) in order to generate at least $100,000 in passive annual income prior to the end of 2025. I will be making these investments exclusively within the Iota - Shimmer - Assembly Ecosystem. You may track the details of these investments here on this page. Please do follow me and join in on the conversation on Twitter @DigidusPrime.
(Numbers Updated Every Friday)
Learn All About My Super Strategic Moves, NFTs, and other Fun I am having on this adventure to my new CAR!
AND Join in on the conversation on Twitter, I'd love to hear what you think and any yield ideas you have!
@DigidusPrime
#100K2025
*table above will show less columns on mobile devices for ease in viewing
Key for the Table Above
*Unit Value is used to calculate most of the other fields and is the price per unit for the asset. For Example if $MIOTA trading price per $MIOTA is $5.55 then that is the Unit Value.
*Yield APY is the Annual Percentage Yield, or what percent of my Base Investment will I earn over the course of 365 days. Example if I invest 1000 $SMR and expect a 10% APY, then after one year my total balance should be about 1100 $SMR
*Base Cost is what was originally spent to buy this asset. Example, if I bought 100 $SOON tokens at $2.50, then my Base Cost for that asset is $250.00.
*Base Value is the current value of the Asset based on the number of Units purchased originally and the unit price today. Example: I bought 100 $MIOTA at $3.30 and the current value of $MIOTA is $0.25, then my Base Value is 100 x $0.25 = $25.00
*Yield Earned is the current value of the income produced by that Asset to date. Example: I invested 100 $MIOTA and 400 $SMR as a Liquidity Provider at iotabee.com and after 12 months of 10% APY I have earned 80 $SMR and the current value of $SMR is $0.25, then my total Yield Earned thus far is 80 x $0.25 = $20.00
*Yield API - Yield Annual Projected Income is the estimated value of this asset's yield over the next 12 months. Example: I loaned 4000 $SMR on LendeXe and expect 20% APY then over the next year I expect to earne 800 $SMR and the current value of $SMR is $2.25, then my total Annual Projected Yield Income for that asset is 800 x $2.25 = $1800.00
*Total Value is the current value of current Base Value plus the Yield Earned. This may or may not be liquid and spendable due to lockup periods.
*December 2025 Value is a wild guess. I am taking the Base Value and increasing it by 30% in 2023, 20% in 2024, and 10% in 2025 to adjust for some expected appreciation. I am then using those values to project the total yield for the months remaining and adding those together. Example: In January of 2023, 1000 $SOON at $1.00 Unit Value would be a $1000.00 Base Value. Since it is still 2023 I will add 30% ($1.30) and 20% on top of that for 2024 ($1.56) and 10% for 2025 ($1.71) expected appreciation for a end of 2025 estimated value of $1.71. I will then take my best guess at Yield Annual Projected Income for the time between today and December 2025. Add it all up and I am sure I will not even be close to what the actual numbers are in December 2025 but what the heck, we are having a little FUN here.