How to Transition into Self-employed Life

When it comes to crypto it has power to turn your money into dust or it can make you financially stable. You have to work harder on your investment in order to turn your investment into anything sustainable.

In order to become self employed you need to open up the income sources. Because when it comes to the job, each month you get paid. You even get the health insurance for your investment of time inside the company.

So when it comes to the self employed life you have to work on the investment, health insurance, crypto etc. You have to open up the self employment options with all the necessary strings required.

In this post, I am going to make some suggestions that you can use for becoming the self employed using crypto.

Start with Emergency Funds

Every business or every job income that you earn. You have to think of the bad days first. I know it sounds pessimistic because those days don't tell you signs that they are coming.

So you have to make sure to put some funds into the bank or some sort of investment which you can take out when you are into the bad days. So emergency funds is how you think of this.

I always start myself with the savings of around 5 month or more into the funds like this. And that earns me good returns if those are not used. You can try mutual fund, crypto or anything for such type of the funds if you want.

Keep Crypto into Staking

You cant earn by keeping crypto passive. Instead you have to find out the delegation and the staking. You earn some rewards when you use the crypto for staking. Like say few percent based on how long you keep it.

You earn a good amount of staked percent of the crypto. I also noticed that when you keep it for 1 year or some months, that also earns you good income out of the staking system that you have.

Find out crypto like say Hive, Atom, KAVA etc. And there are many which I can list like FlexUSD etc. But you have to diversify and not keep everything in one portfolio. That's what needs to be done.

Find Clients for Self Employment Work

Once you find one client you are ready to find another. And slowly this build up the portfolio. Your portfolio will bring new work to you constantly. This is something you have to plan when you wish to work self employed.

But if you choose to avoid the new clients you can realize the part that it becomes difficult finding the new work. So find one client and then build yourself for another and let this chain work on things.

You may notice that self employment work does not work by waiting. You start somewhere and then let the momentum work for you as you promote your work and the portfolio in general.

Always keep finding New Work

You get one job. You get paid. But that's not the end. You have to keep on finding new work. You have to keep going with your set of the investment. And that's how you have to adjust with the routine of self employment.

When you find new work, you build your momentum. Which is something you have to plan long term. In order to keep the cash coming into the bank. This you have to do in order to go much ahead in life.

When you stop finding work, you create some sort of lethargy. You get into the mindset of losing the tempo of work. And that create the health issues. You start by always looking for new work.

What do you think?

If you want to transition into the freelance life or the self employment. You also have to take the steps to reach there. Nothing would happen in one day or overnight. So you take decisions that eventually lead to the good life.

What's your opinion on how to become self employed?