WHAT HAVE YOU DONE WITH ALL YOUR CRYPTO EARNINGS?
So yesterday someone pointed out that I had earned over 10k worth of hive during my 3 active years on the blockchain which took me aback. Usually, I am very defensive when people talk about this issue.
On a few occasions, I wonder what these people (because this is not the first time someone is pointing this out) think I use my earnings for? The first thing that comes to mind is that they assume I have been wasteful with the opportunity I have been given forgetting how different our realities are.
Although I do not owe anyone an explanation as to how I have managed or spent my earnings over the years, it is good to put things into perspective, especially for myself, because it is important to be accountable. But before I go into details of my expenditure, I will like to point out a few things.
Hive is not steem. I guess this is quite apparent and many people will admit to this fact, however, most of us don't see it that way. I have not earned over 10k hive. That's impossible based on my earning. In fact, my hive account started with about 500hive power airdrop. Most of what I earned for the past 3 years was in steem.
When I got into steem I never thought about being a hodler. It was only a concept I was introduced to when I got here. My goal was to earn and take care of my bills. Along the way, things changed for me and I became the breadwinner of my family and of course, they became my priority.
Also, I have been investing a sizable amount of my earning in the property I own. It is my major goal to complete my structure as it will significantly boost my revenue from $3k - $6k annually which is more than I have earned from creating content.
In retrospect, I do not think I would have done anything differently. Having $10k worth of hive sitting in my account at the expense of my siblings' education and my family's well-being isn't a price I am willing to pay. I do not value money that much. I put my family first (even before myself which is not always the wisest decision).
What am I doing differently to avoid continuing this pattern of spending?
Increase my capacity and earn more. If I want to invest then I must have excess capital. So getting a job (could get my second job of the year soon) is one of the options available to me. Also increasing my activities on the chain to bring about an increase in my earnings which will impact my account growth
Also, I have to put strict restrictions on my expenditure especially when it comes to my investment. I have mentioned in the past that I plan holding my leo token (empower and earnings) for at least 300days. Changing by my current earnings and price that should be around $2000.
To put things into perspective, over 60% of Americans have up to $1000 in savings. I live in a third-world country. So considering this stat, I might be in a better financial position than most people in first-world countries if I follow through with my investment goal for the year.
I understand my prospects and challenges. I understand that being financially free involves taking risks and making sacrifices. I did not write this post to garner sympathy. For me, it is more about being accountable to myself.
Posted Using LeoFinance Beta