Putting yourself in a position to achieve life changing money

3 mo
LeoFinance
3 Min Read
655 words

Putting yourself in a position to achieve life changing money.

Direct from the desk of Dane Williams.




Hustle culture is bullshit - All that matters is putting yourself in a position to achieve life changing money.

I just want to get something off my chest.

Hustle culture is bullshit.

Yeah, there you go I said it.

You know the culture of endlessly grinding that has crept its way into the entrepreneurial, digital nomad space?

We just seem to have completely lost track of the end goal of why we choose this lifestyle.

That is of course to have the time to actually enjoy the life you were working to fund.

Instead, there is this incepit culture of instead turning your life into your job and forgetting what it is like to actually switch off and just live.

Hustle culture is bullshit

At this point, it’s just… annoying.

Those preaching hyper-productivity are mostly kids from gen Z who have grown up consuming money Twitter since they were 15, but quite frankly don’t have the finer aspects of their life to enjoy.

I’m not having a go here, they’re just too young to be able to understand.

If your feelings are hurt reading this, just give it another decade before you chirp back.

Trust me, you’ll get it.

But not only is the hustle culture behind narratives like “the harder I work, the lucker I get” bullshit, it’s just plain wrong.

It’s rubbish.

It’s proven time and time again that hard work is largely uncorrelated to life-changing outcomes.

Don’t want to work harder, work smarter.

The key is to put yourself in a position to achieve life changing results.

That is all.

Something you won’t do by simply grinding away doing menial, non-income generating tasks that burn you out.

Oh, but you’re hustling.

“On the hustle!”

Yeah, naa.

The truth can be a hard pill to swallow, especially when it’s challenging concepts that have been hard-wired into your brain.

But the fact of that matter is that as human beings, we give ourselves way too much credit.

Both for failures and achievements.

We just don’t play as big a role on the stage of our own lives, as we like to think.

Putting yourself in a position to achieve life changing money is the smarter play than grinding away on the endless hustle.

Putting yourself in a position to achieve life changing money

So what does all this mean?

It all comes down to making some shrewd decisions with your investment capital.

For me, I’m still extremely bullish on not only Hive, but all of crypto.

And the upside for us here on this particular blockchain is quite simply astronomical.

They key?

Instead of hustling 24/7, instead allocate your precious time and resources toward income generating digital assets.

With the introduction of DeFi yield farming platforms, the game has completely been flipped on its head.

While there’s a place in everyone’s conservate, long-term portfolio for the secure, offline storage of Bitcoin, your money NEEDS to be working smarter.

Especially if you’re in wealth building mode, not wealth protection mode.

For many of us here, starting with the goal of a passive $50,000 USD per year salary and figuring out how high your crypto stack of income generating digital assets needs to be in order to reach that number, is key.

There are literally a plethora of choices available, all accessible instantly and without permission.

The particular assets that you choose are entirely up to you

All I implore you to do is to switch your mindset from the culture of hustling to one where you source opportunity.

With just a small amount of research, you’ll soon discover that the biggest opportunities available take a fraction of the work you’d expect.

Best of probabilities to you.

PS. The line above in bold is your key to the city!

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https://twitter.com/forexbrokr/status/1507954455014088705
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0

You took the words right out of my mouth. This Gen X dude totally agrees with you. I've been observing the one-track minded NFT crowd in Twitter for more than a year now and have tried to get them to see things our way.

Only to be thought of as a fool.

Most of the time I'm there I feel like I'm in a gradeschool playground, where you have to act "fake nice" around those "kids" so you don't hurt their oh-so-fragile feelings.

Bad news for them, though, I threw out my kid gloves two decades ago.

For many of them, NFTs are THE only way towards that one sale that would earn them life-changing money. Anything else that does not involve tokenizing a jpeg, such as blogging, is totally uncool.

I've long known that diversification is the key to succeeding in this space. I'm not one who puts all my eggs in one basket, and although I am involved deeply now in NFTs too, blogging will still be my main crypto-earning capability.

Exactly three months from now my work contract will end, and I will go on a sabbatical for at least 2 years. And blogging and DeFi will be my main activities. Making art to mint as NFTs will just be the icing on the cake.

I will show them how blogging can make one earn at least 100 USD per week, while they wait for many weeks or months to make even just a single NFT sale.

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4

Oh man, the whole conversation around NFTs on Twitter is absolutely crazy.

On one hand you have the almost cultist kids you talk about there.

But on the other, the absolute VITRIOL toward anything and anyone associated with NFTs is scary.

Especially when NFT technology, if used for purposes other than simply scammy JPG art, would actually help them.

Think gamers who will no longer be taken advantage of by the game companies or artists who can choose how to monetise their own work.

Switch yourself off from it, let them go at it and just build value elsewhere.

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I think it depends. If they are doing the hustle to invest the money, then I think it's good but there are a lot of people who aren't doing so. I would rather create sources of income than waste money and Hive is just one hustle I want to work on.

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I'm not saying you don't have to work.

What I'm saying is that you need to work smarter, not harder.

Ultimately making your money do everything in the end.

There is just sooooo much opportunity in the crypto space.

Don't waste it!

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0

The hustler work ethic is needed together with the ownership mentality so that we can work like mad to put in place a system which nets us multiple streams of income which let us step away so we can live the good life. Only then do we stop working like mad so we can kick back and relax and "buy that Lambo" or hang out with Andrei Jikh.

What we don't need to do is work when there is no need to work. Can we teach other people how to do as we did? Sure, why not? Can we start from scratch in some other area and reproduce our success in a different area (say, in hard assets)? At this point, we're no longer "poor" but "eccentric," so why not?

Whatever hustle we do, it has to be focused and directed. Hustling "just because" is where many people get trapped on a hamster wheel, and they don't need that, and we don't need that for ourselves either.

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Hustling is good when you do it right by investing in something productive and legal. Crypto money is the best of our time

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Legal lol?

Don't you find yourself in a part of the world where crypto and trading is somewhat illegal?

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Gary Vee has entered the chat

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😂😂

image.png

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I totally agree with this. There's been a transition of working your butt off for someone else to working your butt off for yourself which is 1000% harder and ultimate doesn't land you anywhere as it's a high risk mindset that is crushing a lot of dreams.

The goal is taking those funds and being able to make choices as to where they work for you. There's no such thing as "passive income" you still have to put work in but what you're doing is putting less work in for more capital gains and that's what starts building that real finical freedom to do all the other things you want to enjoy in life.

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you still have to put work in but what you're doing is putting less work in for more capital gains and that's what starts building that real finical freedom to do all the other things you want to enjoy in life.

You get it :)

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1 mo (edited)

...There's no such thing as "passive income"...

I would go along with this if this modification was made:

  • There's no such thing as "[immediate] passive income."

Not being considered in the "eecentric" class of people, that means I'm still in the class of "poor" people. Very likely I'm not qualified to offer advice on how to make life-changing money. However, how far off am I in making a few observations about making life-changing money?

  • Royalties for books or music are passive income, but it takes work to produce the books or music initially. That work takes time. Maybe even hustle and time.
  • Even then, the royalties have to keep coming in. This requires marketing. If any activity requires hustle, it is marketing.
  • Work is needed to create the product. Work is needed to put in place a marketing system which at some point can go on auto-pilot.
  • When the first 3 conditions are satisfied, then we earn passive income.

So we "hustle" like mad during this period of time, but once the "passive income stream" transforms into a truly passive income stream can we kick back and relax, or devote time to activities such as showing others how to reproduce what we did to earn truly passive income but without our mistakes.

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I used to be impressed by this so-called hustle-culture narrative, thinking about it now it feels stupid. Grinding your soul out for bread. The world doesn't work that way and I have come to terms with this and found peace.

As you rightly said, there are tons of ways to generate wealth, it is all about making the right call. I think I made that call at the right time and my life is a lot better because of it.

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It's just about putting yourself in the right position to succeed.

You can be the hardest worker, but if you're not in the right position, then it doesn't mean jack shit.

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0

It's just about putting yourself in the right position to succeed.

You can be the hardest worker, but if you're not in the right position, then it doesn't mean jack shit.

Hustle has to be focused and directed. This requires putting ourselves in the right position.

Think of the opportunity costs incurred by Moby Disk's Captain Ahab as he wastefully hustled his life away chasing that whale of his. He could have become a "captain of industry" or a shipping magnate or the leading teacher of whale hunters of his day. Nope, he ended up doing what he did, and for what?

(I only read maybe 10% of the novel, so my book report on it sucked big-time. So I'm not qualified to tie it into finance or crypto for a post at LeoFinance; I will gladly leave that task to another Leo or Hiver.)

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Agreed with your closing remarks.

Research is not that tedious as one think it would be. But, once done properly, it provide enough support for decision making.

Thanks

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That's it.

Research to make the right decisions.

Because you can be the hardest worker at something, but if you're not in the right position, then it doesn't mean jack shit.

All about choosing where to allocate your time and money.

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I agree 100% the hustle shit is annoying and antiquated.

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Just re-hashing what conservative boomers told their children in a different way.

"Head down, work hard, you will succeed."

Nope, that's shitty advice.

It will get you nowhere.

It's not about how hard you work, it's about putting yourself in the right place at the right time.

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0

It's similar to what many of us were told about landing a job at a big corporation where we can retire with pension and benefits after working there 40 years. That environment ended, well, 40 years ago.

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The "hustle" is what you do while you're building your stacks. There's no substitute for hard work. It's certainly not a guarantee for success, but it does have it's own benefits in building the mental fortitude to do what needs to be done, when it needs doing.

I 100% agree with the "work smarter, not harder" comment. You know what they say, the definition of insanity is doing the same thing over and over and expecting a different result. Working hard isn't enough. You have to pay attention to the results you're getting and then change what you're doing if they're not moving you towards your goals.

Crypto and HIVE offer an opportunity for that life-changing wealth. Make a plan and start focusing your hard work on making that plan a reality.

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Crypto is surely on the way for that.
I wish Hivers do not walk past this abundance.
March on!

!BEER

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Those of us that know, know ;)

!PIZZA

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0

LMAO. Honestly, I like hustling but it has to be a choice. For now, I am working to generate enough passive income streams so that I won't have to constantly hustle. As you mentioned, times have changed, and working hard is not the only way to make a shit ton of money. You need to work smart and use your time to figure out how you can get the most out of anything by spending the least amount of time. Sit back, relax and enjoy the rewards. :))

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Yeah, you get it.

Keep on the path you're on and you will come out the other side in a much better position than when you went in :)

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Starting little but consistent is a very easy way to start growing passive income. The problem with most people when using DeFi yielding platforms is they want to see their initial capital made as quick as possible so the 6% ROI daily/weekly, or monthly depending on the revenue can look small.

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1

Yep.

But those 6% ROIs are often on the pools with the least price risk.

It's all about just finding the right balance for where you want to get and how quickly you want to get there.

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0

Man, the idea of being free from the hustle culture mindset is so liberating! I agree, I also think it's BS. Why work yourself to the bone and miss out on all the amazing opportunities and memories that life has to offer?

I'm still very much at the beginning of my investing journey, but I'm hoping to make my money work FOR me so I can eventuality stop working for my money. Great article, thank you!

!PIZZA

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There are now so many ways to earn varying yields for varying levels of risk.

Come up with an end goal number and work backwards on what you need to get there.

Just don't keep slaving away hustling on tasks that will never put you in a position to achieve life changing money.

It's not about how hard you hustle, it's simply about being in the right place.

Put yourself there ;)

!LUV

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Many people confuse hustling with being work-a-holics. There may be a bit of overlap between the two, but work-a-holics aren't too productive. I've been a recovering work-a-holic for half my life, and I've paid for it big-time. The opportunity costs are just not worth it.

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3 mo (edited)

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0
3 mo

the biggest opportunities available take a fraction of the work you’d expect.

How loud this resounds in my ear.
The hustle culture is one most people have dreamt of becoming a part of.
And like you said next gen are going to be worse off. The earlier we all started seeking out opportunities. I believe the better. Thank you so much for this great post.

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I believe it's more about the targets. Hussle, if it's not well directed, is more damaging than doing good. But when it's channeled right, it can have a big impact over time.

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