Financial goals 2021?

It doesn't always feel great though, as I have bills to pay also, but if crypto people keep acting like Wall Street people, the result is that crypto ends up no different than the current economy. But you know, as long as some people got a Lambo, all good right?

Anyways...

My approach for 2021 isn't going to change much to the past year, where I am going to continue working on Hive to earn HIVE, as well as working on the house we bought 10 months ago to build some collateral into it using sweat equity. It hasn't been an easy path and nearly every spare euro has been pushed into the "renovation economy", leaving very little left over for any direct investment. Under different circumstances (no Covid), my family would have been sitting in a better position, but my personal income has taken a massive hit this year and what would have been quite manageable, got tight very fast. But, them the breaks.

So, my investment vehicles for 2021 are in this order:

• Hive
• House
• Crypto

While "House" will get most of the money, Hive will get most of the time, with anything left over trickling into other crypto assets. At this point, I don't feel that I am able to extend into traditional investments, but through the layoffs (I traded money for options) and my starting issuance, I do have a few stocks and some options in the company I work for. While the option of course comes with a cost attached if I were to cash out, if the company were to be acquired, the option price would be decent for the return. Even now, the last evaluation was 4 years ago and the expectation is that it has likely tripled in value today. This however, isn't a huge amount, so it isn't going to be a significant change.

And I want significant.

Not because I am greedy, but in my opinion, there is little point in making life better financially if it doesn't actually bring much improvement to quality of life. I don't want to be able to go to the movies more or consume more, I want some financial stability and that can come either lump sum like the lottery or, through reliable income streams.

I have two lines of work, the company I work for and the business I own and operate. The company I work for is a job, but I like the work, the business I own is a lot of work, but has taken a massive hit over the last 10 months. I have worked very hard in my life so far, under not the greatest of conditions overall, but I don't really have much to show for it. It isn't that I have squandered all of the money, but I have squandered a lot of opportunity to use it more effectively.

The problem is that for the majority of my working life, I have behaved like most people and most people are financially stupid. The average mindset is risk aversion and security seeking and I havee taken the "safe option" for most of my life and as a result, ended up facing a great deal of risk. this is the irony of playing safe financially, it ends up being more expensive in the longrun as positions get chipped away at continually in numerous ways, many of which aren't that obvious to most average people, like inflation or their own consumer behavior.

One area where most people don't invest into is their own mindset and for me, I think that this has been one of the largest changes for me personally over the last four years. I may not exactly be "reaping the rewards" of my potential, but I have changed the way I think about resources, economics and community. I believe that in order to have a healthy economy where we all have some opportunity, we each need to own resources, participate economically in a much more transparent way and, attach value to what is valuable to the community.

This is not the trader mindset however as most traders are "profit at any cost", meanign they will invest into pretty much anything if they get an acceptable ROI on it. People want a cleaner environment, but trade oil. They want better conditions and well-being for people, but buy into companies that they know use slave labor. As long as there are profits to be made - they don't give a shit. Very Wall Street - Greed is good.

I don't mind people being financially greedy and want to collect as much as they can, but just think what would be different if there was the application of a moral compass in there too, where the game wasn't played at any cost, there were limitations on what was acceptable. What companies would be the unicorns, which industries would be seeing the majority of investment? The problem is that when there are profits to be made, people will make all kinds of justifications as to why taking the profits is the right thing to do.

Yep, this is seemingly getting off track - but you should be used to that now with the way I write. But in my head, it isn't off-track at all, as sentiment drives markets and beliefs decision making processes. While I really want to make some financial gains on crypto that significantly increase my wealth and potential, I still have to do it in a way that I am comfortable with and I do not see the at any cost path as the one for me.

At the end of the day, I might look in the mirror and say, "Taraz, what were you thinking?" but I think that at least I will be able to look myself in the eye and accept that I tried my best to find a path of personal and community value generation, and this is important to me personally, even if people think it ridiculous.

While most people look at investment strategy from the respect of how much ROI they can get, I think it is exactly that mindset that has led to the clusterfuck of the economy we have now, where the largest companies in the world are the most polluting, oppressive and manipulative and are having a negative impact on life as we know it, at all levels of life and in all corners of the world.

A paradigm shift is needed in order to change the economic model and that means that investors need to start actually thinking about the kind of world they want and how where they put their investment impacts on the direction society takes. All economies are driven by demand and if all that is demanded is an ROI, the direction the economy is going to take is more of the same.

While I might look in the mirror and ask what I was thinking, I will also look in the mirror and say, "at least I tried." At the end of the day, we all will die, rich and poor - it is how we lived that matters. Life is a game and there is a lot of game theory involved - decisions change on whether you want maximum ROI or, to live a good life.

It is on a spectrum.

Taraz [ Gen1: Hive ]

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