Posts

Locking it back in

avatar of @tarazkp
25
@tarazkp
·
·
0 views
·
6 min read

After selling some HIVE early this morning, I am now beginning to ladder back in to hopefully get a quick turnaround on the sales to add some decent percentage token gains. Since the HIVE was sitting there anyway, I will be happy if I am able to average 20 percent on the amounts I sold, I will be happy and if all rungs go through, it will be closer to 40 on the amounts sold.

I say "amount sold" as these volumes aren't overly high for me, but the gains are still significant to me. I tend to not sell large amounts at any one time and generally spread smaller amounts quite widely, as I have missed so many close buys and sells over the years that I want to get something, even if I don't get them all cleared. It is because of this that I also tend to start buying back earlier than I probably should, but I also figure that it is all gains of some kind.

After hitting around 55 cents, HIVE is now back to 40, which is pretty much what can be expected after and a spike as we have seen, but if this is the start of the end of the year, I want to make sure that I have some tokens available - just in case.

We had the neighbors over for some pie this evening and they were asking how things were going for us, including financially, as we are close (the women are best friends) and they know what we are going through with pretty much every aspect of our lives, whether it be health issues or renovation challenges.

what I have found is that going into crypto and perhaps more so being on Hive, has made me far more open with these kinds of things than I was in the past. I used to think that talking about financial matters was something to be embarrassed about, but now it is something that brings perspective and clarity on situations, as well as helps those involved in the discussions to get better understanding and perhaps improve their situations too.

As I was saying to them, due to the time it takes to process some aspects of the support entitlements, I will be without an income for probably two months in total. Our friend said "but your parents (wife's) can help us out", and while this is true, it is also a strange concept. If this was four years ago, we would have had no option but to ask for help or, take some loan, but in the last years we have been working to put ourselves in a situation that we are able to survive short periods of the unexpected. This is still a long time, but at least we don't have to be put under immediate economic duress and have to worry from the get-go.

However, knowing the struggles that we have gone through in the past, I find it quite crazy that getting the entitlements for inability to work through illness takes so long. 26 days to process the application and considering the type of incapacitations that I am d others might have, it isn't exactly like it is possible to start filling out the forms on day one. This means that it is 26 days from submission, which could be weeks away.

Again, I am more prepared and likely in a better situation than many, but I do feel for the people who at what might be their weakest and worst times in their life, they have to cut their way through the government processes. In Finland, this is also likely far easier than in many other countries, but it isn't exactly what anyone would consider a joy to do.

I would much rather not have to deal with them at all, but in our current situation it is necessary and, I am "entitled" to the support. I don't like the idea of taking support, but with the amount of tax I have earned for the government over the years, I don't feel that bad getting a small fraction of it back.

It is interesting here, as Finns tend to know exactly what they are entitled to in support and take it even if they don't need it. I have no idea what I am entitled to and have taken pretty much nothing in the 18 years I have been here. I think that in the future, this is going to cause problems because a lot of people do very little to prepare themselves for many things, assuming because the government covers it now, that will always be the case.

Social and public services are generally good in Finland (and probably Europe as a whole), but it is only sustainable when there are enough people working and earning enough to put back into the economy. With rising debt in an aging population where a lot of people are shying away from owning, I don't think that the system will survive very far into the future, which means having to provide more for oneself, including preparing for the long-term.

I think that I have been trying to shift my processes from short to long over the last years. In the past, I would work to survive in the short-term to the point that I had very little plan for my future at all. Yet now, I am in a somewhat weird position where I feel that in the future I will be okay, as long as I can make it through the now. If I could bring some of that value from the future forward and use it in the present, things would be fine, but to do so would be to sell out on having it in the future.

Of course, if there was for example a very large market move on my seeds for the future that saw them grow and bear fruit rapidly, I could quite happily take some of it to cover short needs and still have something left for later. If it was a significant amount, I would want to cut out all debt including house, as long as I still have enough holdings to be significant if prices rise in for example 10 or 15 years.

Being debt-free would obviously be great, but if it doesn't leave any opportunity for residual revenue streams in the future, doing the same work and earning what I do now. Even without debt, money is still needed and the future value of the alternate revenue streams I am building now have the potential to outstrip a job of the future or, be a very good supplement to a decreasing employment earning model, where for example, people are getting pushed toward more part-time and short-contract work. Having multiple irons in the fire is something that I see as not only valuable, but potentially critical to survive in the economy to come.

How I see it is, if all I earn doesn't give me the space to invest into my future, I have to find ways that it can. Many try to save money which is good, but that is only half of the equation. Making more money is far more effective as it simultaneously brings in the sense of ownership, rather than the sense of loss from belt tightening and going without.

What is great these days is, there are many ways to ern a few extra dollars and, many ways to use what is earnt to invest into something that has the potential to provide residuals. This doesn't just apply to crypto, the entire economy has options that weren't available a handful of years ago, but to invest, capital resources are needed. It is also great that those resources needn't just be money, with skills and activities also tradeable for value. '

Hive is a good example of many of these aspects of the current economy, which is why I think it is going to be a powerful platform in the future and a place that connects people from all over the world to the global economy. The thing is, no one is entitled to anything here, other than what they own entitles them to.

What that is in the future, depends on what is done now.

Taraz [ Gen1: Hive ]

Posted Using LeoFinance Beta