How Does Bear Market Impact Your Crypto Growth
We are in bear market for last 2 months. And now this month too is slowly passing away. So that makes it one of the longer period for the bear market. And also one of the crucial time for holding the coins.
You can choose to either exit or hold during this period. And you can get an idea on how this market time would impact you in near future. Some of the time you would understand how this can be a good or bad thing.
**A lot of people are exiting from the market because they can't afford to go any further negative down the road.** ***This is a mindset problem too***.
So this seems like an opportunity in place for the markets entry or exit based on their needs.
*I thought I should write about this market time and maybe you can find some value out of the opinion of mine in this regard. So at the end of this article, do let me know your opinion.*
Your Accumulation Slows Down
Have you noticed that the bots are slowed down on both read and noise? Have you made regular withdrawals to your wallet? I find it hard to even get 1 withdrawal these days.
I noticed the FTs on the noise drying up too. So we can't give out the same to other people as well. Which kind of restricts us from getting something back too. Which I feel is a bit slow in general.
It is the bear market time when this happens. Because the BCH earning goes slow as giving too much FTs would cause the sell time later which would bring down the price during the bull market.
Selling in this Period is LOSS
I have seen people getting the BCH at the price of 300 or above. And now that price is under 150 they are selling. So that kind of shows that the loss in place in such type of the market times. Which is kind of difficult period.
You may also get in the loss if you hold it long enough and sell only when the buy price is not matched when you sell it. So the period of sell is important. As selling things when the price is below your buy price may not help.
Make sure to sell the coins that you are earning when the price of the coin is appreciating and is above your buy price. So that way you would stay in profit and also get some good return with FIAT.
Your ROI from every coin is Low
Bear market in crypto means the top giants like Ethereum and Bitcoin are going to take very bad hit. Which also goes to show that ROI is going to be very low on the altcoins too. Which is also expected in the big scheme.
You may find that the ROI giving business also slows down. Like those NEXO, celsius and even Binance would not be profitable during this time. So that is something you may have to think of here.
Make sure to invest into giants and also have your portfolio diversified with the return generating coins with POS based staking. You can be rest assured you are going to be in much controlled state that way.
Panic News Gets You
I have been in the panic ever since the news of the Recession is out there. Like the news is making you feel bad about your finances and the jobs in general. You are going to be feeling the pinch of the bad news.
You may have to balance your mind and not get out into the anxiety. Some of the time that is what going to be getting you into the right mindset and order. Make sure to have some focus on good content this way.
I avoid watching or reading negative when the bear market is out and also the recession is taking over the life in general. So make sure to have some focus on the news which kind of gives you better focus on how you see things.
What do you think?
I feel that bear market is a good time to hold money and also learning when to sell. I guess accumulation during this time would give you an idea on whether to sell or buy or let go of the investment.
What do you think?
Four Walls of Personal Finance You Should Know
Personal finance is one of the simple yet complicated topic. You would find that each of the concept in the personal finance is associated with our everyday need. And that is what comes under the topic of finance.
So today I want to cover those basic needs under the personal finance. It's one of those personal finance needs that are often not covered because they are basic and people take for granted.
We think we know about them and we take them granted and don't plan or budget for the same. So here my approach is to teach you how those topics can be achieved. So let's discuss that today.
At the end of this article you would get an idea on these strong walls of the personal finance that you would be able to understand and cover in the financial life.
Food
One of the daily need and we take that for granted till the point where the money and the hunger is what shows us the value of the food. You would love having the comfort of food all your life.
However the thing is that this is one of those basic necessities which you have to cover properly in the life. And not take it for granted. Your jobs, your chase for the life would make you ignore the important part - food.
You have to make sure to put some funds aside for the food. That would help you understand how the money is being spent on the food. Make sure to plan your expenses of food properly as well.
Shelter
Have you ever lived your life in rented apartments? I am sure you did. And that is where the shelter part is coming. You have to understand that shelter is how you choose to plan your stay.
A lot of times having a rented apartment is fine. But as you start ageing you have to plan for the shelter. Like you have to get your own house or maybe even the rooms in some apartment. That would keep you in line.
You can also plan thinking your old age and also the amount of the planning that you do with the finance would let you understand where you are going to take flat or houses and how you plan the old age.
Clothing & Utilities
You may be spending the most in the utilities and the clothing. Because those two things is where the most expenses often go. Many folks spend here and end up getting into the debt.
Like some people are shopaholic where they buy the clothing and forget it and keep buying as a means for the distraction. You can see that utilities are some of the things often ignored too or over purchased sometimes.
Your personal finance plan has to take care of those things under consideration and plan the clothing and utility properly. This is what most of the people have to plan and think of long term as well.
Transportation
Say you travel to the workplace or office or college. And that kind of sets you into the zone of the transportation. Spending on fuel has been increasing over a period of time. So the transportation is necessary evil expense.
You spend the money to travel and that is not always going to recover. You have to plan for this money and plan it properly. So make sure to use the right transportation and think of your things properly there as well.
What do you thin? What are your necessities in life? When it comes to planning your finances, how do you think of the necessities and the long term plan?
How do you plan those and how do you take care of those things in your life?
F.I.R.E. Movement - Things You Need to Know
There is a lot of talk going on around with the FIRE movement. A lot of people who are stressed in 30s are planning for something like that. A lot of people can't take the retirement early, some don't want to retire and so on.
So what this FIRE movement is about? How does this work? And what are some of the things that you can do with the FIRE movement. I am going to explain my point of view on this FIRE movement in near future.
Dave Ramsey has written some of the excellent article. However his focus is often to teach and let people find out. My approach is different. I explain my context and then let things build for users context.
When you take care of the basics in the personal finance, you start to build for something strong and then life starts to take shape with the confidence. So that is the point we are all trying to build things.
I hope you find this article useful to understand this FIRE movement concept and also make use of it in your own life. I hope that helps you out and makes things easier for you with your own personal finance understanding.
What is Financial Independence, Retire, Early (FIRE)?
As you can read the definition of the FIRE in the question itself. You would find the this movement has some value. You choose to retire early but continue to have some value in your actions and what you choose to do.
Some of the time having such type of the focus is what is going to build you long term. Some of the times the FIRE movement may make you sad because it makes you get out of the workforce.
But you have to understand the fact that workforce is only good if you can be stress free. You can continue to be creative and make money and also have control over your finances. So that's the goal here with the FIRE movement.
Invest into Retirement Funds
Goal is to retire early in context of stress. You can retire in 30s or 40s if your savings and the earnings are good. Some of the time being retired on the time is what helps you. I learned this pretty late.
I think having nice retirement funds in hand would help everyone. I think it'd be reasonable to understand that when you hold some retirement funds you kind of develop your grit for the future.
Now once you build a nest egg for the retirement you also build on the things that could help you with the funds in the long time. I feel like funds of those types eventually help out with the retirement.
Invest into Growth Based Assets
There are some assets which grow over time. Say things like stocks, mutual funds and crypto. You may find some months or times when the investment may go negative or down but that also rise up and balances everything.
So the growth based assets can be pretty much effective on how the assets are developed over the years. So investing in 20s would give you good sum of money i the 40s. And things would continue to increase over the years.
You may find that investing into the right asset and letting it develop is the way we can build lot better life if we choose to do things the better way. I realize that growth happens that way.
Don't retire before 65, in a Physical Sense
If you retire early like in 30s or 40s and do no work. You are going to rot away and then that would make you lose your life towards the disorders and the diseases. That is what going to affect you in terms of the health.
I also learned about how the value of the movement and a bit of stress would be good. Our mind if takes less stress it would only going to age faster. So having something to work on is a good thing.
You have to learn about how the stress helps needs to be considered here. Though everything needs to be in healthy boundary, you would do pretty good with the way things work around with the life.
Retire from Mentally Stressed Activities
I talked about how stress could be bad for you. You can definitely retire from that. Avoid those mentally taxing desk jobs, reception jobs, hotel jobs. Instead you can do something relaxing. Like being a librarian and other small jobs.
By doing that you are not going to be taxing your mind and heart into things that are going to make it difficult for your life in general. So your approach to retiring early is something you build upon for small activities.
Think of doing things as an activities and small achievement. That is what is going to make life lot easier for you in general. I learned about doing this from those who are into the FIRE movement. I hope this would help you get a perspective.
It's not easy to get the early retirement. FIRE movement is good but not something we all have to be chasing. That's something you need to balance out with goals and the life in general instead of letting some movement of mind and body retire.
Do let me know what you think about retiring early.
System and Process for Making Money instead of Luck
Making money is not something that happens overnight. It is a process. Very few people in this world can skip the process. Either you have to be born rich or born with luck of a god.
You can't skip the process to do things that earn you money. And once you setup the process it becomes a system worth following. You move from one to another system as the trend for money making comes into the play.
This is something you can learn from the efforts. Like you try on the luck factor and it won't go much. And then you try on the process and system approach and things suddenly start to change.
So let's talk about how you can improve your luck by making the process and system in a place for your everyday things. Let me know your views on this.
Luck is Short term Hack of Life
When you get anything by surprise and not by your efforts that becomes the luck. You have to understand that it's a good system to try out your luck every now and then but it does not last long.
Instead you have to be considering the long term actions of yours. That is something you can think of when you want to build something that helps your life in general. This is the mantra of top people.
So if you want to be among those top 1 percent type of people start taking action. And rely less on luck. Because people who do rely on luck are the people gamble more and that is not how you can become rich.
No Such Thing as Overnight Rich
I remember Kim kardashian once said, while you are busy on Instagram and social media. I am busy recording my everyday life. Working 16 hours etc. Imagine the lives of rich people who hustle.
Some people only make money when they hustle and push harder. That is the only way to become rich. Because if they stop the money stops. So the overnight rich concept does not work for them like this.
You have to also work everyday and also keep on focusing on things in order to be overnight success. Because one day of efforts won't make you rich in the world as that is not something that has worked for people.
Accepting Fear vs Running Away from Fear
I remember the time when I ran away from my problems. I used to hate facing problems and people. I used to stay introvert forever. Something that made me have fear in my eyes forever. Which I decided to change as of now.
I decided to face the fear. I decided to think of my fear and work on them. Because unless I work on them there is no way to make things easier for my life. That's the cost of the fear vs the efforts that we can take in life.
Start accepting. When you do things come to you. And the fear also moves ahead too. Some of the things that people don't understand is that acceptance means you have to plan properly with life in general.
Systems over Randomness in Actions
Random luck is god's gift. Random luck is universe giving you change in life. Something we can't rely upon. What are the chances of you winning the lottery? Yeah that would be god's gift because it's random and not something you can depend on.
So stop depending on luck. Sometimes the luck comes in when you make a movement. Otherwise it may not come into the play. It may not make much move unless universe sees you making the progress.
Some of the time that would be something you need to depend on as well. I have my issues in the head that made me worry a lot about the actions on wrong things in the life. Establish a system to make money.
Process with Consistency of Actions
When you want to make money, you have to establish a process which can help with the actions that you do with the steps. That in itself is going to make you have a better process in place for making money.
Your actions also need to be consistent. Like you do something today and then come back to it in the 2 months. That is not going to make any difference for your consistent life in general.
So have the process in place. Make sure to document it and work on it everyday. Some of the time being consistent takes years worth of hard work. But all of that pays off eventually.
I learned a lot of lessons about the life in general through setup of process and establishing process which got me a good system. I learned this late but you can learn this big lesson lot easier and early.
What is your opinion on this?
Save Your Cash, Earn Your Time
Nobody tells you what happens if you don't save. Everyone tells you what would happen if you save money. So let's talk about the time when you can save cash and also talk about what would happen in the lack of cash.
I learned a lot of lessons of life through experimentation. A lot of my life has been through the issues that caused me to lose the cash, lose time and made some really bad mistakes along the way.
I also learned one more thing that nobody tells you the right advice. And people want to watch other people getting failed. I thought why not change this pattern. Why not make people aware of things that could happen.
So I am here writing an article on how you should save cash and not waste your time in life. And what could happen if you do things that way. Some of the time someone needs to tell you that and I am doing just that for you.
Do let me know at the end of the article in the comments if you like my views.
Early Age Savings Gives more Options in Life
I am in 30s, slowly moving towards the late 30s. And life was pretty much a ride with all my mistakes making me pay for things that I did and did not do. So that was one hell of a ride. I didn't saved much money.
Instead I saved enough for the emergency and that gave me one lesson. So I wanted to learn from this lesson and wanted to reach out to other people to tell them how saving is a good thing.
I started writing and also shown the people how it could open more options in 30s if you save in 20s. And if you are in 30s, it could save your life in 40s. So it goes on and on in that context and changes your life.
Savings Helps You Buy House
When you want to buy house of your own. You need a lot of money. And you have only option is breaking your savings or taking the loan. Now nobody has enough money in savings that could get them house.
So they resort to the loans and start paying them off through the jobs income. One salary at a time. Slowly the money starts to go to the house. So while you do that make sure to invest and buy house.
When it comes to saving at the right time always helps. So make sure to put some money into your efforts. Make sure to let the savings play role for you. That's how it helps you build confidence over savings and life in general.
Savings early helps in Marriage or Post Marriage
When you want to get married, you work on the savings because as the marriage moves ahead your expenses will rise. And the money just flows like a water which is not something people understand well.
Now if you want to have kids the expenses would go up too. Because every small detail and everything big or small is going to cost you a lot. Which is something you have to learn when it comes to making money and enjoying life.
Each experience that we have in our life there is going to be a cost. And that cost we end up paying. Some of the time that is what we need to focus upon and build as well. I learned this lesson very late in life.
Savings free you from Stress Jobs
You do stress jobs when you need money desperately. Those call center jobs, those jobs in hotel and what not. All of them are people facing and those are going to cause you to spend money and time mostly maintaining your health and life.
So when you have some money saved you can have some emergency safety net. You decide to build on that stress and move ahead slowly. Something a lot of people don't understand how to do but they do anyway.
You have to play to win. So get rid of those stress jobs by doing the savings and investment so that you can move ahead. Something a lot of people take time forever in that context for things to settle down.
Savings help with Future Retirement
Future retirement requires you to do a lot of savings. You have to think of the savings properly and also some of the time retirement does not make sense on that context. Like with little savings retirement? How can one do that.
Do one thing. Start saving whatever you can. Do this for few months and years and then build yourself. That would be one of the things you do in order to create safety feeling.
What do you think?
I think a lot of mistakes that we do happen because they are meant to happen. And we can't fix them overnight. But we can always plan for them and move ahead in life.
What's your experience in this context? How did it worked out for you?
Windfall of Money, How to Handle Funds
There are times when you get the funds into the hands. Those funds can be of large number. And this means handling those funds are going to cost you a bit effort as well.
I think handling such high income can be something you have to plan and manage as your time goes ahead. Because here with time you are subjected to recession, lack of interest rate being improving. A lot of things then don't make much sense in terms of the ROI in that case.
So we are left with a choice where we are supposed to think of means to plan the money. So let's say you have like 10K in hands and you don't know what to do with the money.
In this post, I am taking the approach of how to handle this money, how to plan it's usage and also how to use it for the future usage. At the end of this article, you can decide what to do with the funds.
Breakdown the Funds into Categories
Let's say you have 10K in the windfall. And you don't know what to do with it. So your first approach should be you breaking it down into the categories. And then trying to make sense of those funds for usage.
Now we are going to think of category: Rent, Food, Clothing, Transport. These are the basic necessity. Now comes the family expenses. And then we can think of other expenses along the way.
I find making the categories and also breaking the funds down to the last fund would be a good solution and option on that front. I think when you do the categories properly things are going to be lot easier to manage and maintain too.
Start Assigning tasks for the Funds
Say you have funds and also made the categories for the same. What to do now? Because unless you get the funds moving they are not going to do anything for you. So the movement of funds is a necessity here.
Say you need some funds for the retirement. You need to make sure to have some money in hands for the same. Some of the time that would be a good start for you to work on. Assign some funds for the retirement.
You can do the same for the other things. Make sure to pay the bills. Start investing into your own skills, health and other things that would keep your funds moving as well. That would be one of the things that would work out.
Increase Return giving Assets Investments
Stocks have the power to give you better returns. You also get the good returns from the mutual funds. And also you earn good income out of the crypto. You have to find out what are some of the assets that you can use for the better returns.
Some of the time investing into the assets that has a good return power are worth investing into long term. Many people don't do that and this results into various issues with our life.
I invest into the mutual funds and the stocks that have the option of the dividend. Most of the folks who make use of that approach are going to find the value in those investments. I think this is a good approach for the asset development.
Feel Free to Spend 20% of the Funds
Sometimes it's not about money. But you need to use the money to live the life. Which also means that you have to use the funds the right way. You have to invest those funds in a way that can give you better experience.
I make sure to spend some of the funds from my savings which are nothing but the returns that I am earning. So spend it on the things like TV, or some other items which makes my life easier to use as well.
When you use the funds the right way things are going to get improved and life becomes lot easier as well. I personally make sure to invest the funds properly and that has helped my life so far.
Handle Emotions
Now that you have learned to use the money. You have categories and put the money to the work. You have to also make sure to handle the emotions along the way. Some of the time that may not work properly and you are going to struggle while you do that.
So make sure to handle your emotions properly and then continue investing as you normally do. Sometimes that is one of the ways things can be improved in that process. Work on your emotions, have better control.
What do you think?
How do you handle the windfall of the money. Do you handle it with anything different than what I have written here? Anything that I missed?
Benefits and Drawbacks of Freelancing You Should Know
I have been doing freelancing in various niche for some time now. Like doing those social media graphics jobs, writing jobs and also handling the community. I have been doing this in afterhours of my job.
And it's been decades worth of the experience where I managed to learn some of the new things from the freelancing. I also learned that a lot of issues coming with the freelancing that can make or break freelancing lifestyle.
Spending lot of time into freelancing I thought why not share my experience and teach people on how to do freelancing effectively. So I have documented some of my experience here.
Let's talk about freelancing and how it can have good and bad points with your life as you put in efforts into freelancing and we can learn to find out ways out of the same.
Freelancing Sets you free from Month-end Paycheck
When you want to have control over the paycheck and not get locked down to the income out of the job. This is where you join with the freelancing as an income source. Where you get paid weekly, daily and as per the project pay off.
Every month end you can see that freelancing gives you more control over how you can get paid from your projects and clients. This type of the freedom and flexibility you don't find with the job.
Jobs often lock you till specific months salary and it arrives in your bank account with specific date and time. So here you have to think of the freelancing which has ability to give you regular work.
Freelancing gives more freedom on Work Options
Do you hate sitting by the same table and same office for years? This is where you have to understand that freedom is something you don't have. Though it can pay you good income but earning won't be that good per year.
You are kind of locked into the job as long as you want or the company wants. So that kind of locks you. And also you get locked with the freelancing freedom is where you can choose when to work, where to work and how long to work as well.
This is where the freedom of the work and the place is where you work plays big role when you are doing the jobs. Work skills can also be learned and you can switch to different jobs or the office work too.
Freelancing is Risky on New Client Locking
When you are working on one job. You are kind of locked into one work and one company. You can get different work from the company if they want you to do that. But that is not something always happen.
In freelancing you have to constantly change the work. You have to constantly change on how you can do the work for the clients. So you are in the risky side. You can also lose the work.
You find freelancing as more of risky when it comes to payout too. Because a lot of clients run halfway unless you get them to commit to yourself. Some of the things that you would find with it is that locking clients with contract and some amount is a necessity.
Fluctuating Income
Freelancing is one of the worst thing though. You may find that earning regular income out of it is not easy. Some jobs pay more than the other. You may also notice that income may not sustain unless you get new client.
You may find that client can leave any time. So you have to regularly find new clients. And you also have to find out if the income is going to have a good standing and recurring income too.
So when you want recurring income, job is better than freelancing. If you can get recurring income, then freelancing can be a good option. It all depends on how regular your income can be in the long term.
You Need Discipline
You work from home. You work outside as a freelancer doesn't matter. If you work sitting for long hours you may end up being lazy and also may not sustain your work routine for long.
You need to have a discipline for years. You need to have that in order to earn income. You have to understand that discipline is how you get better with your life as well. That's the point I have learned so far.
If you are workoholic that could go wrong for your life too. You may have to understand the fact that having the routine and also working on getting new work is how you build the life much consistent.
Freelancing is a good source of income. You can do this part time or the full time and you can make decent amount of income out of the same. You should definitely try out the freelancing if you want to add more revenue to your bank.
What's your opinion? What have you learned from freelancing?
Serious Things You Should Know about Money
Have you ever got lectured by someone about money. Like you should save? Or you should make more money? you should struggle more? You should do that or just accept the fate?
I am sure I have some of such experience with the money. I have my share of the money mistakes and the issues that I experienced. I had some really shocking experience with the money that bought me bad days.
I got a lot of lectures from the people on how the money should be saved or earned. And the thing is that people just continues to mock you. And they think you should learn more or stay where you are.
Let's discuss some of the things that you should do when it comes to taking control of your money. Here are some things that I wish I knew when started on investment.
Buy low, Sell High
This is one of the prime reason why the people survive in any market. No matter if it is crypto, stock or gold. Make sure to never buy during the high market time. Make sure to buy low value and the sell when it goes up.
This is assuming for the cycles where you can find the low value items. It also means that you are paying attention to the market otherwise you won't realize what is low value and the high value.
Another thing is that never panic during the cycles. Make sure to stick with your plan. This way you would be able to gain more and not sell when the market is low and you feel the desperation for the market investment.
You don't need THAT thing because Someone has It
I saw many of my friends buy the expensive car, apple laptop and other expensive things. As a human being, I felt the urge to buy too. But it would cost me arm and leg to get that and it would not be the right move.
You need to have some of the decent things that you can buy. But not expensive. You should only get things you can afford. Never buy things by breaking into your savings. That is what you should think there.
You have to understand the fact that someone will always be above you. And the chase to be better than someone only ends up when we die. And so it is always a good thing to control our thoughts and the expectations.
Easy Money is Evil, Good money is Slow and Boring
Have you seen this opportunity? It will make you rich. You just have to sign up this direct selling company, make 3 followers under you and then you become rich. Keep doing this and you become millionaire.
How many among us have heard this type of the scams? I am sure atleast everyone among us have heard of it. And we all know how it ends up and how the easy money makes things boring and evil.
Slow and boring is real life. Slow and boring is how 90 percent of people around the world live their life. And that also means that we have to think of the good money takes time to acquire. So follow the path of slow and good money.
Power of Compounding
You may find the compounding effect playing big role in our life. What you saved in 20s would give you more money than what you have stored in 30s to give you return in 40s. Time has an effect of compounding.
Never underestimate the time. It has power to take everything away from you in 1 day. You have to save for years to have 1 good day. And your karma is what makes and breaks the life in general.
Compounding takes years to form. Like literally years. You have to save every time possible and let years do the work. Make sure to invest into something like crypto, mutual funds and other things for this effect to show up after some time.
As you can see a lot of serious things out there take time to show up in our life. As we take life experience we learn about them. That is my experience so far.
How is your experience with the money? Anything similar to mine?
Don’t start your Job with these financial mistakes
We all have started in our job the first time. After specific period you may find that financial life changes. You end up spending more and investing less. This makes life a bit difficult as time goes on.
We all make those mistakes. There is no doubt about it. But the life is about getting over the mistakes. And this can be done when we ask others for the advice which can reduce our mistakes.
So if you are just starting at the new job. Or if you are switching to the new job with new salary. Here are some of the mistakes that you should not make the financial mistakes.
Below I am going to show you some of the mistakes that you should not commit while doing the job or after getting the salary in hands.
Do let me know if you experience the same or if your experience is similar to mine.
Not saving money for Investment
You have to save money to let it invest. You start from the age of 20 for better retirement age savings. Make sure to invest minimum 20 percent income into the investment instrument.
So start saving money. Because if you don't save the money. You would spend the money. And that leads to the time where your wallet has literally no money. That's the situation we have to avoid.
Saving money changes you for better. In that case, you would see the difference. So start from not saving money to start saving. That journey would teach you a lot about money.
Spending on Lavish things
I like apple products. Especially I like the apple laptop. I wish to own it some day. But imagine if I were to buy and spend it on it now. I would end up losing all the money in the bank.
So spending on things which cost a lot would damage your banks savings account. So you should start from the savings instead. And make sure to let your investment grow.
For now if you are on low income or low savings make sure to avoid spending on the lavish things. This way you would be in much better financial state. And that is why you would grow as well.
Taking Loans too early in Job
If you are planning on getting your own land or your own family planning. That is when you take on loan for some of the items in your life. That is where you have to think of taking the loan.
But imagine if you take the loan at the start of your job. That would be bad for your income and savings both. So make sure to think of taking loans only when you are desperate.
If you are not desperate and still want to take the loan then make sure your job can afford the loan payments. This is one of those things that you have to think of when it comes to paying it back.
Investing in fast or quick money
There are some of the investment programs which basically run away overnight. And so you have to avoid them because they would only make you lose the money. So you should be careful not to invest in them.
Do you plan on fast money? or quick money? What is your motivation for that? Let;s say a site offers returns around 200 percent for your investment for 60 days. And you save money into that and realize at 30 days that site is done.
So now what would be your motive from this point onwards. You have to plan for the sustainable income and investment. Otherwise you would be struggling in your life. That is what would lead to the loss in life more as well.
Investing in things without Understanding
I think investing blindly into crypto is wrong. Blind investment into the stock is also wrong. You would find that investing into the things which would cause more problem would be wrong.
You have to plan your set of the investment. You have to understand that a lot of people lose money into things that they don't understand. You have to be pretty understanding of this part in your investment journey.
So make sure to learn about the place, investment type before you put your money. Because relying on things that you don't understand would not make you much comfortable long term.
I have learned a lot of lessons by making mistakes. I am sharing these mistakes and hoping that other people learn from this and improve.
What are your financial mistakes? What is your experience on this?
Why it’s important to start investing early
A lot of people in old age realize that investment and the saving needs to be done early. It is one of the biggest regret of the people. They learn this lesson a bit late.
Something we all have regrets because life does not happen the same for all of us. Instead we have to think of the investment early days like young age. And then let things compound from that point onwards.
If you are in 20s, your golden years are right now. You have to think of this like farming game. Where you farm now and then harvest will come out later which would make all of your hard work worth your effort.
When you invest early and invest often, you understand where the focus of the life can be and where not to invest your hard work into things. You learn lot of interesting things as you take some interest into the personal finance topics.
So let's discuss some of the benefits of the early investing your money.
Age Works in Favor
When you start something today. Getting things done in 10 years becomes easier. You start 10 years later then seeing results take even more time. So you should consider starting now and see the ripple effect.
Your age always starts to age as you are born. So some things are meant to be done at the right age. I feel that doing things from early age would also help in reducing the load too which we will talk about later.
What works in favor is the effort taken now. Because as we age the effort starts to get worst as we age. And we have to work a bit harder to make them work for us. So let's just start early and get things done.
Financial Pressure in 40s is Released
When you invest into the 20s, you have a good sum by the time you reach the age of 35. And then you have to think of the abundance and think of retiring early from the hard work. That is only possible if you invest early.
If you invest after 35 the amount you have to invest more increases a lot. So you may get into the pressure for the investment. So that can be done only in case when you have some of the consistency.
Financial pressure can get you into blood pressure and sugar, so make sure to start investing early and do it often. This is the only way the mental load and the pressure overall can be released in later years.
Life Experience with Safety Net
In our life we need some form of the safety net. Like we need emotional safety net. Some help from others in order to have better life. You also need some support during the old age.
So you should invest into the things that would be helpful for you in near future. I have seen that having the safety net and investing your time into such experience is a good future in itself.
Having a good life experience requires you to work on the small details. You can't have a big experience unless you invest into the small things. I have noticed some of the time life experience can be earned but it takes time.
Power of Compounding
When in your early 20s, you should start investing the money. You should make an habit where 20 percent of your income each month should be saved or invested. Your choice choose either between the two - save or invest.
If you go into 30s, you should increase this to the 30 percent. Do this till you reach 50. Then you don't have to be so much harsh on yourself on the savings. Instead focus on the investment and push yourself into investment shuffling.
You may find that compounding kicks in when you are going to be saving consistently. And that gives you result of what can be worked and what can't be worked upon as well. That's what I can tell you on compounding.
Age is a thing but it is also a number. You have to consider taking effort from early days in order for things to change as you get matured and aged in near future.
So start early investment, and then invest often.
What's your opinion?
Learning to Say NO in Life
I know it's a bit late skill that I have learned. If it were to be 20s or early 30s, this could have been a lot better skill and used the right way could have helped my life a lot.
But now that I am in mid 30s and slowly this skill is what I need for mere defense on everyday life. I think it'd be interesting to see how the learning to say no can change the life in general.
How did I do it? I learned to say no by making few life changes and realized to see some of the things which I took for granted. So it can be done if you are living the life of the proactive approach or you can say being assertive.
In this article, I want to put some of the points on how I learned to say no and what are some of the things that I can do to say no in my life.
I listened to the other Side, But didn't believed it
When people approach you to manipulate you. Trying to avoid their content would give you more trouble in the mind. Instead what you should do is listen to your own voice. And start to ignore what they say.
There are some people that we listen from one ear and then ignore from the another. And in such case you could see that when you try to forceful listen to the other side it could go wrong.
So instead of avoiding, just listen and don't even bother about what they said in your head. That would make it easier for you to have no power of theirs that could affect your mind.
I said no to all the gullible Advice
I meet a lot of people daily who are trying to bait me into some sort of the purchase. I get the wrong deals all the time. I just don't realize what to do with that advice. And that can make things worst when it comes to life in general.
So I started making some changes. If someone wants to do something about my life, I realized that advice would make sense in some context but most of the advice was to drag me back down.
I decided I should learn to start to say no to those type of advices. I guess we learned from our mistakes and then build ourselves from that point onwards. So it all works out in the process. Let's see if things land perfectly.
I decided to stand on my own feet
First thing you do when you are financially dependent is getting your own feet into strong foundation of the finances. This is the only way to move ahead in life. There is simply no alternative to this.
You got to build yourselves in such a way that you are building yourself with skills so that you are building business or you are getting a job. It works like that. Your skills builds you up and you stand on your own feet.
Sometimes you do things which builds you and some of the times you have to take help from other people. All of this happens when you are hustling and trying to build your own life in the due process.
I decided to not become desperate
When you want to desperately get married, desperately become rich, desperately become mother everything would crumble and nothing works. You just suffer with your own sanity being crushed.
Instead of being desperate, be practical and build your own life phase around. I guess that seems to be the only way this desperation can change the life in small phases. You work on each small phase along the way.
This is the only way life changes. By being desperate you make the wrong choices and those can't be changed. So you do what can be done and then build one step ahead. That is the way forward with the life and everything in general.
What do you think
I feel unless we learn to say no to the things we don't want and say yes to the things we want, it can get pretty damaging towards the life in general. I guess working towards things through some confidence is how we build the things.
How is your opinion on this? Do you feel I am doing things right?
Why you should NOT retire early
Every day I read some person from IT field retired in 40s and some even do it at the 35. You can feel why the retirement is going to be a thing as more and more automation is coming in the world.
I am in mid 30s myself. I have yet to feel old or feel young. Its just the middle. I feel extreme anxiety when someone retires. Because may be they can afford that with the family. I personally don't afford it.
So I tried to find the cases where people retired early and observed their life. What worked and what didn't worked for them. This way I wanted to find out if the decision to retire was worth it or not.
Below points that I have listed are based on that observation and retiring early is something I feel it's not a good idea anymore. Not in todays time when things can change overnight for you and the bank.
So do give this article a read and let me know your opinion at the end.
Unpredictable Inflation Cycles
Those who reached 40 or 50 and decided to retire before the pandemic now have experienced the inflation. And now they feel like getting the jobs back again. Every 5 years or so this type of event will happen.
And unless you have a means for some sort of income. You are going to be struggling on many counts. Such inflation cycles are kind of predictable after specific years in one form or another.
We are going to see this if we retire early and unless we have means for income that lasts long. We are not going to be seeing much of the stability in our life. So we have to consider not retiring early if we have limited income.
Boredom from Lack of Stress
If you have spent years working, you would realize that there is going to be boredom that comes when you stop working. Then stress becomes different reason where you would feel all the time if your savings and the money in bank is enough to sustain.
You would also feel worried about what may about to come to your life in upcoming years. You will be surely ending up bored and feel a lot of stress as well. Things would just get more stressed purely because of the boredom.
You will also notice that boredom leads to lethargy and also leads to more or less problems that happen in our life. In order to avoid this type of the stress. You have to give both physical and mental routine a bit of stress.
Health Issues due to Idleness
When you stay idle. You invite a lot of problems. You invite blood pressure. You also invite the sugar. You invite many problems specific to the stomach. Because you are not making mental and the physical movement.
This is the type of idleness issues many people ignored during the pandemic. And they ended up causing the problems to their health. And so idleness needs to be managed. You have to replace small things in routine.
But if you are retired you items for the life are reduced in the life. And you end up having more or less health issues. Because those things are connected in a series of the items which only cause problems.
Lethargy and Future
As we discussed earlier, idleness leads to lethargy, which leads to thought manipulation of our own. And we start to worry and then we invite the health issues. So the future ends up being more chaotic.
In future, new set of the problems that would come up. And we are going to be experience more problems in our life as we move ahead. So we have to be super careful about not letting the lethargy let in our life.
Only way out of this is have something for which you can work for and then let the lethargy go. This way you can build your own future. And this way you can also have content lifestyle in your own life.
There are some good reasons to retire early and there are many issues with that mindset. Each one of us have different life and different way to lead the life further ahead. So we deal with this issue differently.
Hopefully my views on this you would agree, if not, let me know in the comments.
Everything Compounds in Life, Money & Relationship
I don't know if this article should be treated as philosophy, opinion or the advice. I just don't know. So I'll just let you decide what it is. So here's my experience on how everything we do has effect on the future.
So how did I jumped into this topic? I was reading one book of the startup owner. He had written a lot of interesting topics and also had some good points on setting up a business.
While checking out the various set of the stories of the person, I got to reflect back at my journey like I always do. I thought I should write about it. So that I can get those troublesome thoughts out of the head.
Let's discuss how everything we do and everything we let go has the power of compounding. Hopefully by the end of this article, you would get my point of view as well.
Action of Today decides if you'll be Financially Rich in Future
Say you want to be rich. You have to do something today. Make sure to invest and let your income compound. That seems to be the only way you can get things financially stable in near future.
Being financially rich requires a lot of changes in your decisions today. Which means you have to build on the compounding effect of your actions now. Like you have to do work, you have to earn and then invest.
So every step of the way, action leads to action that leads to the outcome. So all that we are now is result of the past. And all that we are going to be is in the future would be based on what we do today.
Action of Today decides if you'll be happy married or unmarried
Say you want to live life with husband and kids or vice versa. So how would you take actions? You have to make your mind fall in love. Fall for someone and adjust with that person. And that is what leads to the marriage.
Same goes for being single. You wait for things to happen to you. Then it is upto god to make accidents to let that happen. If you ignore those accidents you remain single. Yes I am in that phase.
So in short you can get the idea that what we are right now is all because of our action and the in action of the past. And this applies to the relationship status too. Something a lot of people don't understand.
Action of Today decides if you'll be Depressed or Sad
Do you have friends? Do you talk to neighbors? Do you talk to people online? Do you make effort to socialize? If yes then sure you are not going to be depressed. If you are making attempt you would not stay in depression.
In order to get out of the depression and the sadness you have to do things which leads to outsize the zone. You have to understand that being depressed requires series or chain of action done or not done by you.
Same thing with happiness and sadness. All of your actions right now leads to those things and you have to make a lot of changes to your lifestyle to see some strong results in your life.
Action of Today decides a lot of Your Future
Say I want to have a fridge, TV and washing machine by the end of the December and that too with the crypto earnings. You can imagine I have to come up with the exact amount then find out how much I have to write to get there.
So the point here that I have to make a goal and then take action that leads to the future like this. So make sure to have some sort of the domino effect going on with your life that would show you some results.
Put some steps that can later give you the result that you desire. I have seen this is what works for me and maybe this would be something that would work for you. Start from here and see if things would be good for future.
What do you think?
I think a lot of times we don't take action and we don't see the strong result. So we have to make changes to our own life that would be something we can align ourselves in near future.
What's your opinion on compound effect? What's your opinion?
Plan for the future while still enjoying the Now
I have kind of burned my youth in order to do those jobs which just burn time but does not earn much income. And that means the future is kind of bleak when you are not going to do some actions.
I think that's one of the takeaway from my life where the enjoying the now was missing and instead I kind of lost most of my time trying to chase the future. So neither future, nor the now was useful.
This happens when you take one bad decision and things kind of cascade into series of the bad steps that does not have any difference in the output. So we try to make changes to our life.
Let's try and find out what we can do and how we can plan for the future while enjoying the now.
Budget. Save and Invest.
It all starts with budget. Unless you know how much you spend, lose and save. You just can't get the bigger picture. And you have to understand those small details to build yourselves further.
When you budget your moves, you understand how much do you need to save. You have to also learn to invest, because that is your ticket to the freedom. Something you just can't have it in your life unless you have money saved.
Money saving is what leads to the solution. As you build the savings and also build investment, things change in your life. Something you can't predict would happen otherwise. That's my experience.
Be frugal, Enjoy Small Things.
You cant enjoy the life like rich people unless you are frugal and saving. If you are not rich now, don't force it. Instead be frugal and enjoy the simplicity as well. That's also one way to feel like rich and enjoy the small life.
Once you enjoy the frugal and simplicity. Things would look lot easier and simple. Because more chaotic and more accumulation of things, the harder they become with the needs instead of wants and all of this mix up.
Enjoy minimalism. Enjoy the frugal life. That way you would find yourself in much rich and stable type of the lifestyle. Which in turn would be building your life along the way. That's what builds your overall life experience too.
Outsource, Free up Time.
Biggest thing that you need is you have to free up the time. You have to learn to outsource. Because unless you free up the time. You would not enjoy the now. You have to live in the now and so you have to outsource small things. Or big things.
What applies in case of things you outsource depends on your weakness. Outsource your weakness and let other people do the work. This is the only way to make things easier for you to build up on as well.
So if you wish to move ahead you have to learn to outsource and free your time. There is no other way around. Because unless you outsource, freeing up time is just not possible as well. let's see how that would work.
Let go of things You Lost.
A lot of things we can't get as we age. And there is no way we can fight against nature. Some of the time losing a lot can also bring you new options. Which is what we should be chasing as it is if you ask me.
You lose some then you have something free to add into as well. So letting go of the past is the way forward. Build on that. Because if you are full with life experience then nothing new can be learned along the way.
So let go of the things. Let go of things that trouble you. So you have enough in your plate to accumulate and enjoy. That is what works for most of the time. I have seen that is what works for me.
In order to live in now. You have to learn to let go of past. You have to do things that allow you to live in the now. Some things can be fixed and some of the things would only break you mentally.
That's been my experience, what is your experience so far?
You Add Value. You Show Up. You Make Money
How many of you want to make money but don't know the path for the same? I am sure you must have been into this sort of the situation before. And you must have heard about how you struggled in the past trying to make money.
Now how does that make you money? Let's say you get hired at pizza place. You have to do work to get paid. You do the delivery and you get paid for that work. But what if you do the similar work as a writer? How does that work.
Well in case of writer. You have to come to the platform. Show up, write something. You add value in the life of reader. And then they may reward you or the system will reward you.
This way you form an ecosystem where your effort and the rewards of the system would give you something to keep working. So that's a place of showing up and adding value.
So in this post I want to discuss how you can add value and show up to make money.
You add value with content, comments and other means.
You are a writer. You have to write which benefits the readers. So say I write a lot about personal finance and mindset. Which helps me as well as helps the reader. Which is YOU. And that means I add value to your life.
This cycle of me adding value and you returning that value added favor with vote or donation etc or even letting the system reward me helps me. This means you get to earn the reward by adding value.
Now this may take a lot of time to work. Like my first 10 or so articles didn't worked on read as I wanted them to. But slowly with interest and engagement of people it is now showing some result. It may be small but it works.
You keep on Building or Hustling the efforts.
You brushed the teeth last week and not this week, does that help your health? No. So you have to keep building and hustling to build up on the hustle and build on efforts as well.
When you keep on building your efforts, it starts to show the results. Which in turn goes to show that building up of efforts is a necessity. Like hustle has a place and so does the efforts that you put into.
Think of this as a compounding effect. Where what you write on daily basis or weekly basis would compound and eventually helps your case. I think that's what the hustle and the building mindset is all about.
You write or create the work, that earns money.
Now I can write about my garden all day. I can ramble and mumble all day about things that have zero benefit to you as a reader. Does that need to make me money? I don't think so. I don't feel like this would earn you anything.
You should create work or content that is based on something worth earning money out of. So get rid of too much of personal content. Find what your readers benefit from and push that content into the draft.
When you are working for the reader. You try to make something that benefits them. You would then earn enough that would earn you some stability. That is what this needs to be about as well.
When in doubt, curate and take break.
You can't write the content forever. And that means you have to think of taking some break. Like that would be making you come out of the burn out. And also helps you when you are more focused on outward.
So break would energizes you to build and take break on regular intervals. And also it would be a good option as it can give you fresh perspective on new things. I would also make sure to use the curation.
Now curation is a good thing on read.cash, hive and other places. Basically you support other creators with votes and funds and also you get to comment and build your influence around.
What do you think?
The more I write content and try to help other people, the more it helps me out in return. So adding value with content is how you would make money, it may end up slow or fast, you never know.
What is your opinion on this? I'd love to hear it in the comments :)
Annual Money Checkup - How am I doing after Hard Work
It's been 1 year on both noise.cash and read.cash so far. It's not really the big work over here on readcash but I am so far slowly moving myself on noisecash and others.
Hive is also slowly giving me some movement after close to an year of hard work. So I hope that this side hustle pays off eventually and make things easier for myself.
So I have been through a lot. I have been burned out with the hard work on the internet side hustle. I have achieved some goals and also not much so either. It seems like I am choked on various places of earning.
Let's see the post below is basically a rundown on where I am right now. So let's take a look at the overall progress.
Bitcoin Cash Progress
My only hope for this entire journey. Though BCH can often top more than my salary. I feel that I have to do lot more to get ahead in this journey. In fact it can be pretty disappointing for me to work around on internet all day yet no results.
I hit 5 BCH last year and then started withdrawing heavily. I am now at the 2.76 and most likely reach 3 BCH soon. I may have to withdraw this money and get it moved to mutual funds so that I can access it in FIAT.
It's sad that I could accumulate more but could not use or viceversa. I need funds for buying a home in this city and hopefully it would work out eventually from the financial side. In large scheme of things let's hope everything works out.
Pub0x Progress
I am not really a writer there. I make sure to post some small snippets. And I try to earn from them as much as possible. So far that method has paid me off on various places as well. So the p0x is one of the option.
Another thing is that this option is earning me some good amount of ether tokens. Those tokens may not be a good income. But collectively they can help me convert some amount into the Polygon. Which can be staked for better.
I don't have much hopes from the p0x side as it seems like pretty slow and steady thing. It all depends on how people like my content and choose to tip me but so far the progress on this has been pretty abysmal.
Hive Progress
Hive is my routine work. It does not give me big upvotes and so it does not earn me higher. Yet when I do get the big votes, I just happen to make good income out of the same. I feel it's hit and miss type random work.
Hive progress for me is terribly difficult. It's just not an easy thing for performing good at the hive blockchain overnight. You make money on hive randomly and it just takes forever to accumulate.
Let's hope that hive pays out for me with all the content writing that I do there. Because I work too hard, I write, I support. I don't feel like reaching the target even despite that, so Hive is my hope.
Savings & Investments
My savings last few years has been depleting. I mean the pandemic hit me really hard. I got a bit of low funds in the pocket. And also the earning from the interest has been going down since the recession is coming out.
I have invested into 3 funds despite this. I have to keep adding the money into these funds. I also have to make sure to keep pumping the old funds. This way I can get my investments back in order and hopefully it earns me something.
I hope to get enough of the funds that could help me buy some land and then I could hopefully build some villa or maybe house on the top of the same. It may not work out for me overnight so let's hope for it.
What do you think?
I have done some side hustles, worked hard at job and now writing for my life. I hope that in near future this all gives me enough funds for the land and home. I hope for better retirement and life. Let's cross the fingers.
What's your progress so far?
Turning Life experiences into Content for Blog Income
We all go through the life issues. We learn to make the most out of the life when we are going through problems. That is what builds our experience. This is something we can't earn any other way.
Life experience can also be used the right way and it can be turned into something monetary. Some of the time life experience is just not enough to push you ahead. So what we do is share each others problems and build from there.
My personal observation is that when you build on the life experience, things can improve a lot. Some of the time this means you have to be considering the life experience to be documented in content form.
When it's available in a content form, it becomes a lot easier for yourself and other people to consume it later. So we learn from our interest and objectives to build around. I just hope things improve from this time onwards so that I can share better experience for you to learn from.
Let's discuss some of the experience that can be converted into the content for blog income.
Good Experiences for Helping People
You learned how to work on job. You learned how to build a business. All this is a positive experience. And you can share with other people. Something that would help you get more attention from people and earn from it.
So if you make a book or the blog post out of such experience, it can make you a good income if you try to monetize the same. Some of the time helping other people has it's set of the advantages.
When you document such experience and people find it good, they can use this in their bad days as a form of motivation. So in that context all of this comes back to you in a double way, karma and monetization.
Bad Experience for Teaching Lessons to Others
Say you are suffering and you want to document that. People can learn from that experience and then teach the same to others. Some of that can be documented and properly put up out in the world.
Some of the time that experience in itself can work like charm. And this in turn can bring you some really good lessons. I have learned from my experience that bad experience is not always that bad.
You can learn from that experience and teach people what not to do. And what can be done lot easier when you are building your experience for something better. So we can document this in blog or book as well.
Sharing Experience of Everyday Progress
Now daily life can be boring. Some people do same thing every day and they do this for rest of their life. And that can be boring but it can have an insight to the life which can also help us with the data and some specific output.
So if you are living such boring life, why not document about it. Something like write an article, one day at a time and then let it build your content. Which can be useful for some of the people who have time to read.
It can also earn you some form of a support. It can give you some really good conversion for your everyday life lessons and the issues. Something a lot of people don't understand that they can do and work around with as well.
Collective Experience for Blogging Income
My experience with blogging has taught me a lot. It has given me an experience on how the blogging can make me money. Though I never made it to the rich place before reaching 30s and less likely to be rich by the 40s either.
So it is going to be a hard working journey. And I have to turn this hard working life into the pleasure by working in the right moments and turn the money into something that could save my life.
So blogging, content creation, twitter or noise all of this could make me reasonable blogger and that could even help me around many places. So that is going to be my future approach from this point onwards.
I know many of you are into this and maybe already doing this for writing various types of content. So how is it working for you? Have you found any good value out of this? Where is this taking you from this point onwards?
Make Money as a Search Engine Evaluator
There are times when you can't learn new skills. And you have to take job as is and without any form of the conditions. And that leaves you to very limited set of the things that you can do for the making money.
When it comes to building some income in short time, some of the jobs like surveys, search engine evaluator, quality rater. Those type of the jobs can set you in much better position of your life.
You would do better with the search engine quality rater jobs in your hand. I'd recommend you to try out some of these jobs and you can build yourself from that point onwards.
So below I am pointing out the advice on how to become the search engine quality rater. Most of this advice is based on one of my friends active work, so do let me know if you have question and I can pass along and get replies for you.
What Skills Do I Need?
Most of quality rating for search engine jobs require you to have 10th or 12th grade exam only. You don't have to do much educated. As long as you can understand English and your local language, everything would be fine.
You can learn skills specific to the niche that they want results into. But that wont help as each job is different. You have to start with just answering what they want, as it is that plain and simple.
You may also learn new things in this as it would expose you to new things. You can get a good idea to see how some of the things are coming out in the data. You will learn a lot along the way in this.
Where to find the new work?
You have plenty of choices for finding new work. I usually find such type of the jobs in the flexjobs. You may also find some of these with lionbridge. And few more others which has new options.
My most usable source for such type of new work is that you can find the jobs with the flexjobs, odesk etc. Some of those jobs start from minimum 50 USD or 100 USD in one setting.
You can find the new work through marketplaces and the surveys too. You know when you do find out the new trend or election or some other trendy seasons. You get those jobs notifications.
What about funds? What about portfolio?
Usually such jobs are paying low at start but then they can pay case by case basis. Some of the jobs pay low as 10 USD and high as 500 USD. It all depends on what they want to test for quality.
You can expect 100 USD as the average of all times based on the regular such rating jobs. You can also get recurring work if company choose to employ you. Then the salary would be monthly basis at 2K or 4K, depending on regular work.
You may have to build the portfolio and also drop the resume with some of the data and quality rating type of the companies. You will benefit a lot when you do so. Because these jobs require people on regular basis.
What is the future?
Rating is just one means for the quality rating jobs. You can also have the rating jobs in search engine type, netflix shows, podcast filtering etc. A lot of those categories depends on who employs you.
You can find the job as a quality rater for various types of the entertainment companies, data companies and also the sentiment analysis type of the companies. You would do much good that way.
There is a lot of strong future with such type of jobs but the pay will vary based on either it's monthly job or one time job. Find out what works for you and build your future.
What do you think?
I think when it comes to the making money, the search engine rating is one of those jobs that can be good for earning short term income. But if you do good and get regular work that would be even more better option.
Have you tried some of those type of jobs? What's your opinion?
Learning About Dividends & Use it for Financial Independence
We living in a times where unless you invest or have some form of the passive income. You are not going to grow much in life. And it can make things difficult for you with the growth.
Unless you invest money, you would be living paycheck cycles. And something like that cycle is harder to break out of. And for you to break out of it, you may have to work a bit more harder.
So here today I wish to handle a bit different topic. Which is dividend income. And we are going to look at it from the basic concept to explanation.
Let's check out how the dividend works and how we can use the dividend for the financial independence.
What are dividends? And how they work?
Let' start from the basics. What is a dividend? Basically when you invest into something like a company or foundation. If they offer some return for the investment. That return of investment is known as the dividend.
Depending on where you are investing like stock, stake, delegation etc. Your dividend reward percent would vary. But collectively for a larger sum it could be reasonable amount.
When you invest into say Apple or Coca Cola, you earn some dividend each year in return. And that amount depends on your unit numbers that you have purchased from the market.
How to choose the right dividend investment?
Now this is not necessarily an advice on financial terms. Also the method and the place where you choose to invest for dividend may vary. In such case you have to find out the right means for the dividend investment.
Like say you want to invest into the stocks which offer some percent back in dividend investment. In that case it would be reasonable to invest into the one that has some consistent past records.
You have to learn the past history, it's current footing and also the future projection based on the market trends. So always take help of an financial advisor in this case if you want to invest serious money.
Are dividends safe? Is it worth investing serious income?
There are people who invest into the income sources where you can get the dividend. Now nothing in this world is safe or say assured. You may meet some companies or stocks or crypto which can affect your income.
But you have to make sure to take risk within your capacity and invest. A lot of people seriously invest into the stocks that offer the dividend. And this means the investment in a serious way is possible.
Just make sure that you are investing in such a way that you are not losing the income from your serious cashflow. So make sure to invest the right way by distributing the risk.
Can you make monthly income from dividends?
Yes and No. If you have a lot of money to invest then you get a few percent out in return. In order to purely live on the dividend income you have to invest the money the right way.
I feel making monthly income is definitely possible as long as you invest regularly and have decent amount of risk or the invested sum into the market. A lot of this is possible if you know how to handle it.
I guess for everyone to earn income which has monthly income level. It may take time in years and also the money needs to be seriously invested for that to work as well. But it's definitely possible.
What do you think?
I am aiming my goals towards the dividend income and the crypto based dividends. If things work and god wills then it would be possible for me to work with the dividend income.
What do you think? What is your opinion on handling the dividend income?
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?
Why Niche Matters When Writing for Money
Writing as an hobby is fair. But what if you can get paid for it? That's even better isn't it? You have to plan your writing in such a way that you earn something in return for the hard work you do.
Now if you want to write on daily basis you can't just write whatever comes up in your mind. After some time you need a niche to write every day and write longer content.
This requires you to focus on niche. My niche is - personal finance and the other writing, freelance related topics. These topics help me writing longer content. They are also good optics for writing advice based content.
So in order to write for long term you need a niche. Now that we established the basics, let's find out why niche matters when it comes to writing for money.
Niche Writing Makes you Knowledgeable on Topic
Imagine you write 365 articles in a year. Say one article a day. And that routine would help you become expert. Why? Because you would build topics one after another which would cover a lot of internal topics of any niche.
When you write this much content, you end up building the library of content in any platform, be it read.cash or hive. You end up making content which would help you flx your writing muscles.
Something like this is a good foundation for anyone who wish to build on the top of the platforms where niche writing can be a good way to think outside your typical casual writing. So think of this as a focused content writing.
Niche Writing Helps build Portfolio
When you write a lot of content on any topic, you start to hold some power over the niche. This brings the focus in your portfolio. And this in turn makes writing consistently even easier long term.
Portfolio requires you to have dedicated content for some niche. Which helps anyone who wish to hire you to look at. Like say 10 articles a day written for 5 year could build your authority on any topic or niche.
When you are planning for getting the job from the fiverr, odesk etc. You can make use of the method like this for building your portfolio. I am trying this method as it helps with my portfolio.
Niche Writing can earn You Freelance Income
Let's say you write on personal finance, crypto etc. You try finding the jobs with these niche on forums, boards and the marketplaces where the content writers are required. You can use the niche writing for applying to those jobs.
You can initially try for the low cost jobs for starters. Make sure to work for atleast 5 people like this. And once you have enough people in the pipeline, then you can go ahead and apply for the jobs in such places.
Freelance income initially is low but as the time goes on, you will find it increasing. And it can be a good option for pushing for sustainable income from such type of the work. I have been working pretty heavily on such stage for now.
Niche Writing brings Stability
You write on topic specific to your focus. You build portfolio. You start applying for the jobs. You get paid income for the work you do. What does this all bring? This will lead to the financial stability in your life.
When you consistently earn income out of your writing. That money can be invested and that brings up stability. Which is more or less both mental and the financial stability. It would take time but it can be built.
So when you are planning for some stability both financially and mentally. You should consider this method and this can make things lot easier for you in general. So try niche writing and see if that works for you.
What do you think?
I feel writing on niche topic and also trying to make the niche content for the portfolio and then doing the freelance work has it's benefit and loss. But it can earn you money if you are consistent.
What do you think? Have you tried niche writing on websites?
How to Write Consistently for Money
They say, when you are doing it for passion, you tend to work longer. When you do it for money you end up burning out with your mental and physical energy.
I thought I should take the money route and yet keep the sanity. I have yet to master this but I have now got the gist of this system and also learned how to make the most out of writing consistently.
So today I thought I should point you to some of the tips on how this can be achieved without having much mental health issues and the physical boredom. So let's talk about it.
I assume you have a knack for writing because you have to do this for some time and need to have some mental strength to write enough to get thoughts out of head.
Let's discuss how to be a consistent writer and write for money.
Write in Drafts. Write in Advance.
Today is Sunday at the time of writing this article. I am going to write few more drafts and publish them one day at a time. And this way I have some content in advanced.
Let's say I want to write 1 draft every alternative day. This would slowly build up enough content at the end of the month. This would help you post the content when there is nothing you can think of for posting.
And writing in draft helps you take vacation. You can easily break the pattern of writing everyday. Instead you can take break, go out and feel the sun too. This is what many people have done over the years.
Idea Draft Method
When you have ideas in mind. Create a draft and write the points for that idea. This way you can preserve your idea longer. So with each idea you get an article. Which in turn makes a good log of articles for month.
So whenever you want to remember your ideas. Make sure to turn that in for an article. This would be a good option for those who want to write longer content. Something many writers are doing.
I think idea drafting method is good option when you want to write for passive articles too. Like say you write for some of the sites where you want to write for specific topics for months, then use this method.
Practice Commenting. Turn Big Comments to Article.
Sometimes we get into argument. Sometimes we want to write long paragraph. It's good to turn this long content into an article. You would find this a good practice. Because you save time with this method.
There is a problem with this method as if the topic is related to religion, politics and other topics which may not be a good idea to turn into big content. The reason being those articles can create your influence down.
So when you comment then see if you can convert that into an article. Which makes article writing an option for you on many topics and also you won't get bored with the same. See if you can cover latest topic this way.
Tell others What didn't Worked.
Sometimes we know what worked. And we don't want to share what didn't worked. When we start to share what worked. It helps to share what are some of the things that didn't worked.
I often write the articles on what worked and what didn't worked. This is something I want to do it longer as it becomes a real life experience something you can share with others. Which is also a good option long term.
I prefer telling others what is good for me and may work for you. Which a lot of people can use in their life and use it to improve their world. And this approach can be good for creating drafts of articles as well.
What do you think?
I think if you follow this approach you will have enough content that can be a good articles which can be posted. You will also have enough people liking or reading your content. Something you should do if you want to build influence over other people.
What's your opinion? How do you build up the articles and drafts if you write for money?
Money Making Requires Sacrifices
Oh no. I am talking about those sacrificial rituals. I am talking about things you have to give to the process to make money. Everything related to money requires some sort of the sacrifice and you pay the price either way.
You can't make money without paying price. Unless of course you are born in rich family and have some sort of the inheritance which you are supposed to earn later. There is still price as nothing comes for free.
So today I want to talk about what type of sacrifice we make while making money. What are some of the things we end up doing in order to earn money. And how we have to calculate most of those things.
Let's talk about what type of sacrifice are required by money making.
Sacrifice of Time
I am writer. I write words on the computer screen. People and machines read those words and reward me. Here I spend time to earn some money. So basically we are sacrificing the time in the due process.
When you are sacrificing the time you are locked onto the desk. You are making yourself a bit locked into the situation. You are giving up time to make money. Whatever you do you are burning time.
You do job you burn time. You don't do job you burn time. Only difference is you gain the mindset of burning the time for money. Which kind of puts you into the place where sacrifice of the time matters a lot.
Sacrifice of Shyness, Introversion
I used to be shy. Heck, I am shy even today. I think shyness gets in the way of making money. You have to talk to people. You have to get rid of the shyness. You would make more clients for writing work, by talking to poeple.
Introversion is kind of going to keep you limited with making money. So you have to sacrifice this state of the life. And you have to understand how the shyness needs to be taken the place in the backseat and you move ahead.
So find out what are some of the things you can do in order to move ahead in life. You have to realize the fact that by sacrificing the shyness you are going to be behind many people. So you have to understand this about being secluded.
Sacrifice of Passive Mindset, softness & Mental Health
You may be soft with people. That mindset leads to the passive mindset where you would be used by people. And this leads to your soft mindset. And which means the mental health becomes a weak victim.
You would have to get over this mindset when it comes to making money. Why it happened to you? What happened to you? This has nothing to do with money. It only requires hard and smart work to go ahead.
You have to change a lot of mental game in order to move ahead in life. Because by being more focused on the mental game you are going to be moving much ahead in life and not going to be victim of circumstances.
Sacrifice - Give Up on Everything
You have to give up a lot of things. Say you got job at Dominos, you would not be able to watch netflix anymore. You get job as a software programmer? You will struggle with the social life. You will miss a lot of things.
No matter what choice you make you are going to miss things in life. And you have to give up a lot of things along the way. So there is always something to sacrifice.
You have to understand that giving up everything is something you got to think when it comes to achieving things. It's like if your tea cup is full you can't add new tea. That's what life is also about.
What do you think?
We will have to sacrifice a lot of things in our life and we have to move ahead and not get locked into many issues in our life. Unless we do that we are not going ahead. That's my experience so far.
What is your experience? What do you think?
Why Writing on Crypto Helped me Financially
I remember I used to write on topic which I found useful. Then comes the realization that those topics don't have market demand. And also fighting the system is futile. You have to write what market or search engine wants.
Then comes the part where I started to write on topics which had the search engine visibility. And so that started my journey of the writing for money. I tried many websites and decided to settle for crypto niche.
I write for leofinance, steem, hive and also read.cash. These are the places where you can get rewarded for your content. Now if this content is crypto specific that would be a good bonus.
Though writing for crypto is not mandatory. You can write on any topic as long as you have audience and influence which can be a good option for your content.
So let's discuss why writing for crypto is a good thing financially.
You get Rewards in Crypto which Appreciates in Time
Let's say you write on hive, you earn hive and that has a price in the market. That price increases with time. Now let's say you write on read.cash, that has a reward system of BCH, which also appreciates with time.
Your rewards are the bonus if you enjoy the writing process. A lot of people write for their own feel good factor and it works for them. When the rewards are good your value of money increases over time.
This is one of those reasons why people should write on crypto platforms which earns them good rewards in crypto. Which also means that over time if you hold till the right time, it can make you money.
You write on topic, which can be used for Portfolio
Writing on platforms like the hive and readcash can also build your portfolio. You can use that while getting the job offers. I know many of those who are using those sites as a platform where your work is showcased.
Say you write on personal finance, this can be a good option to show on your resume that your content is making some specific set of the portfolio content which adds value. Most of the magazines and the content sites like such type of approach.
I have built my portfolio across multiple websites like this way. The thing is that portfolio building is something you should find a good value in and build onto that. I'd recommend you to follow this approach.
Writing on crypto topics, builds your network & friends
I literally had zero followers on noise.cash and read.cash. I am now 3K worth of the following which often helps me on various set of the topics. I am not yet much established on read.cash but slowly I am building myself.
This approach of building one follower a time for long term would be building my influence and may bring in more people towards me. I think when you have that sort of the approach, it helps out your case too.
It's hard to start but you have to start somewhere and build your life accordingly. I know many who try this approach and build their network and friends which can make things easier on any platform.
You build a knack for writing along this journey
By no means I am a big published writer. I just write because I can. I make sure to write longer and also cover a lot of personal finance topics. This helps me with the content writing on this niche and gives me confidence to approach writing gigs.
I think when you are building your content this way and building a portfolio, this can make a good resume if done for years. And then getting the work outside the crypto also helps out.
I hope to build my skills like this and hoping that it would help me in the journey. Overall it would add some value in my life overall. But if I do things the right way that can help out as well.
What do you think?
Has writing for money helped you? How writing has changed your life? I would to know your experience. I suppose writing long term helps anyone who is focused and write on specific niche for long term.
What do you think?
1 Year of Writing Hustle - What Worked?
It's been more than 1 year on both noise.cash and read.cash. It's getting better as the time moves on. I remember the time when I was struggling. I was chasing the engagement.
Then some miracle happened. I started getting some followers. And those followers in turn helped create some sort of the chain reaction. Which in turn helped my profile gain some views on the noise.cash.
Meanwhile on read.cash. My progress has been slow yet worth of the time I have been writing here. In fact writing here has been lot more relaxing than any other place as I am earning pretty good amount too.
I am not yet financially stable or reaching the retirement. In fact it was getting a bit harder to sustain what I earn through writing. So hopefully this post will help.
So let's discuss what are some of the things that worked and what doesn't. Here I am documenting some of my things that worked and what are some changes through which I am going in life.
3 BCH & 100 BUSD Achieved
I remember the time when I first reached 1 BCH and then slowly reached the 3rd. And now moving towards the 4th. It'd be converted into the stablecoin soon. But yes if we track so far, it's more than 5 BCH earned from both platforms.
In fact my BUSD conversion has been pretty good. Like I reached this hallmark one after another. I could have kept the funds into the NEXO or any other place but I had some of the emergencies so had to remove it.
At the time of writing this, I have 50 BUSD in earn section of the binance. And also planning on adding few other funds in the BCH which later I can convert to the BUSD. I have lot of interesting plans going on so worth thinking about them for now.
3000+ Followers on Noise. 80+ on Read.cash
I never thought people would follow me on noise.cash. But after the Navi (moderator on uptrennd) boosted my profile through personal recommendations, it started getting some followers and the commenters.
This turned out to be beneficial as I wanted readers for my content. I know I write on topics which are boring like personal finance. But if you consider that advice worth reading, then do follow me on read.cash and noise.cash.
I hope to bring some value to both the platforms. And hoping that read.cash would eventually help me out in context of the funds as I continue to add the value. So long term wise I hope my followers and the people who support find value in my content.
Diversification on Hive and Steem
I am completely slow moving turtle on both these platforms. In case of the steem, my earnings are slow as some sort of fly trying to add itself in ocean. In case of the hive, I have been getting some good conversion of my funds.
I usually convert my hive and steem funds into the BCH. Hopefully that helps the BCH economy. And then later convert to the BUSD. As of now there does not seem to be any option to convert STEEM or HIVE to BUSD directly as of now.
I hope to continue to add some of the delegation and the staking type of the coins to my portfolio and then hopefully those funds add some sort of the diversification to my overall portfolio.
Far Away from Goal, Feeling of Failure & Depression
I am far from my goal. I have plans for getting my own house, similar to some villa if I could build it. Also I want to have enough funds to help other people. So that's my goal in next 10 years.
I am suffering from anxiety and depression. I am mid 30s woman now. And no more girl and get any marriage proposal anymore. I have moved past the feelings and so I have to battle things out on the goals and being financially stable part.
So this battle is not yet done. I have to learn to manage my feelings. Also have to learn about how I can handle my mental health and overall changes in the money and the trends too.
I refuse to Give Up
I know I am kind of half lost in life. I am not rich. I have plenty of mistakes in the past to look over. But I know all of this is part of the life. I just refuse to give up. Because there are worst scenarios than what could happen to my life.
Like there are people who never get out of the things like what binds them into the problems. So having to get the problems in one side and focus on what I can do better. So that is the plan for me long term.
Another thing is I want to find out if I can do some of the changes to my goals and work on them as I build the business. I know it's not going to be any easier from this point onwards but let's hope for things to change.
What do you think?
I feel in one year I have travelled the internet enough. Now time for financial stability. And time for making my life lot easier instead of living the desk based life and wasting it out.
So hoping that in near future or say in 1 year I am in much better place and financial condition. :)
Broke to Financial Stability: Replace Emotions with Hard Work
I remember the time when I was struggling. Be it job or online hustle. And it was some sort of the unending cycle. And there was no way to replace the things.
Like literally same years. Same output and same old slow earning. be it from job or the online hustle. All the income was in small percent. And so does the saving was low too.
It made me worried about the financial stability from that point onwards and put me into emotional and mental stress. I had some of the depressive days. Then after some time I decided to make a change in life.
So to change the broke life to the financial stability I decided to make changes in my life over a period of time. I am not rich or big successful woman yet I made some changes that took me closer to the stability and some investment benefits or say good results.
Here are some of the points you should follow to improve on your hard working efforts and help your own emotional side improve.
Replace "What happened to me" with "What I am doing"
I had some of the bad days. I can't tell you how much I suffered and I am suffering and will or may suffer. But I have not given up on myself. Slowly and steady I managed to move ahead. This has helped me a lot.
I also realized that this required a lot of mindset change. I thought at first the what happened to me rumination would change things in mind. But it did nothing but the negative things in my life. So Instead I decided to make changes to life.
I realized that when I started focusing on "what I am doing", things starting to make sense. It made big sense when I decided to make big changes on small basis and moved my life ahead. Hopefully that works.
What happened, happened, Don't make it an Excuse
So let's you are having some of the personal life issues. You are having the financial issues. You are going through a lot of rough phase of the life. And that may continue as long as there is suffering in life.
But we often choose to stay where we want to and not move ahead in our life. And that means we have to focus on what we can do and build and not turn the life issues into the excuses instead make them as opportunities.
When you make the scenario happened to you as an excuse, you move few step back. Instead when you make scenario happened to you as a step to go ahead. You build on the top of that. And then life moves ahead.
Document your Efforts, Share What's in Your Heart
Most of the time we don't document our efforts and that leads to more or less issues in our lives. And that is because we don't understand some of the good that happened to us in the past. So we have to make a habit of documenting.
So what can we do in order to share the document and feel good about our heart. I think what we can do here is make sure to document our loss and win. And then those efforts compounds and then we move ahead.
Like say if I write 500 words daily about good things that happened to me. This would slowly turn into gratitude and then I would build up the things that would be attraction worthy. And good things will come to me. So document good.
Always look for New Solution, New Things to Change
A lot of things happened in the past and we can't go back and change them. We can only move forward and then build on the top of the same. I guess we don't often understand the fact that new solution does not found in past.
We always find the new solution in the present while looking at the future. Though we don't have to look too much into future. We just have to look enough to get things moving and getting them started. That's all we need as of now.
So always find new solutions to the old problems. And when you start doing that it would build your new outlook towards things. And new changes would be built along the way. That's what makes life a lot easier to manage too.
What do you think?
I think when bad things happen to us we get into such a depression that we don't look for solution. And we have to replace these set of the emotions with the hard work. When you do that things around you change.
How do you think this works? Do you agree with my view? :)
Show Your Journey, Hide Your Success
I remember the time when I used to show my small achievements with the world. And then I started attracting the darkness towards me. The reason was darkness is made up of emotions of people who don't get what you did.
And that resentment builds up to such an extremes that they start attacking you. And they start making your life miserable. In that context you can see how hiding your success is necessary.
So I wanted to discuss this for years. But I thought with *read.cash* this has given me an opportunity and the platform to discuss the facts of why and how to. This hopefully helps few folks with their journey.
Let's discuss why we should be sharing the journey and not showing our success unless it needs to be done that way.
Share Your Actions, Avoid Sharing Conclusions
I remember the last time I shared my conclusions on something. A lot of people around me stopped talking to me. The reason was they didn't want the conclusion of something in that way.
In reality the conclusion happened exactly the way it should be. But the thing is that it happened and so the people thought I was the jinxing it. So I feel that people can't understand things in a calculated manner.
So it all comes down to what you say and do in context of the conclusions. Make sure you keep the conclusions to your own self and focus on your actions. And make sure to share those actions with others. That's what makes things easier.
Share Your Progress
I think sharing your values and the actions can be good. Like just share I wrote 500 word article. Such things motivate other people and it's something positive to say and do. Which does not affect people the wrong way.
The moment you say I wrote 500 words article and then 500 USD earned from it. That's when you are going to be earning some negative tone towards you. Like say when you attract people with success, bad people come to you too.
So make sure to share progress. And only share the bits which can help people motivate them in a way they like it. Some of the time progress is something people love to see in the long term.
Don't Self Judge Your Actions and Success
I think I am really the one who did this a lot of time. I realized that I should not do this. In that context I can tell you that judging your own actions often has it's share of the problems. Which is not something you do.
You do something and that is a positive thing. Make sure to do that often and attract the actions. When you do that it can get easier with times to be social among people. That's what I have realized with the people who chase success.
You do the action and forget about your outcome. Something like this can make your actions lot easier to do with some motivation later time. Success often requires your positive mindset and nothing more. That is what I have found out.
Don't react or reply to everything from Public
You get comments. You get reactions in public. Where you can see that there are people also do the negative criticism. And that is something you will face when you want to deal with the negative people all your life.
So when you are doing something related to the public facing you have to understand that you are going to get some negative comments and the stuff said against you.
Once you get some of such content, just read and move on. Understand that not all that you want to do would be appreciated by others. So you have to rely on what you find good to say and move on once you do that.
What do you think?
I have struggled a lot reaching the success. And that leads to me struggling along on many counts. I think I have a lot to learn in order to sustain and maintain the success. So hopefully I can get ahead with my share of the efforts and learn from mistakes.
What do you do to handle success and how do you show your journey to others?
Never Give Loan to These People
I have my share of the cases where I gave loan to the people and suffered a lot. I realized that some of the time it can get pretty difficult with the loans.
So what can be done? I think mental framework model can be designed to handle some of such type of the people and we can push our life into another direction with the same.
Loans are often given with the hope of that money returning back to us. And that is something you have to work around with communication and your persona.
If you are asking for loan, make sure to return the money and keep good relationship.
Here's some of the observations that I have on whether to give the people of these types some loan or not. I hope this helps you Making Decisions.
People who drinks/do drugs
I am not saying that drinking casually few glass would hurt. But imagine there are people who take drinks every day. And they are now in the addiction category. If you give them money then that money is burned.
Something you would realize from the experience that burning money on addictive person would never go good for you. And that also means that such people can be bad as they are high on their addiction too.
Those who take drugs can make things worst for people around them. So they would burn money like water. Same with alcohol addiction people. So one has to avoid giving them any form of a loan.
People who didn't paid last loan
Let's say you gave loan to one person and that loan is not paid back yet. The person who asked for earlier loan is now back again and asking for another loan. So they are not even keeping track of their last debt.
Which means those type of the people are not responsible with their mindset. And this can get bad. You can end up being threatened and this can get pretty difficult for your life. Something you may find difficult later.
So if you didn't get the previous loan, make sure to not give another loan. Because if you do then this would become a loop. Where you may not be able to get yourself out of clutches of such people.
People who manipulate
Some people manipulate you based on how you work, how you make money and how you live your life. This leads to the life of the jail. Where you get manipulated every step of the way. Which is not the life you want to live.
Manipulation is something that happens to us every step of the way. Something you would find happening all the time. Not a lot can be thought about such scenario. Because you have to move on.
Toxic people manipulate. Some for survival and some for being a burden on others. And not a thing you can do about them. So make sure to not manipulate people and step aside and focus on your own life and avoid giving them loan.
People who talks big
I remember in MLM and networking, people talk about big things. I will do this and do that and things would be this if i do this and that. In reality over year and year the people who are into this remain the same.
They don't change. They just burn money and maintain the lifestyle they have just created as well. So make sure to not talk big and focus on the things they are doing. Because action speak louder than words.
Sometimes you never understand where the things may work but those people who talk a lot don't know about it. Talking big reduces your creativity and the action power. So one has to avoid giving such people loan in any form.
People who show off
There are people who show off all the time. Be it their clothes, their food, their kids, their family. And then they come to you or others for the loan. Something you have to understand while dealing with such people.
Make sure to focus on people who are playing show off card. Learn why they do what they do. Because you know that if they need money then they are doing something wrong and we do not have to give them loans.
These type of people are just the vessels making sounds. Something you have to learn to ignore and focus on what you can do instead to avoid getting manipulated by them. It takes time for you to get there but it will work.
What do you think?
I know we all get manipulated by people and we offer loan to those who we love and yet often don't get the money back. Some of the time this is something we have to learn to change by understanding people.
Do you give other people loan? Or do you avoid giving them loan?
Calculated Risks vs Blind Risk - To Make Money
I am prime example of person who takes calculated risks. And that means I have to be extremely calculated with what my every step does to the life in general.
I have taken some risks which are both blind and calculated where my calculated one made more sense.
I feel that people who take blind risk celebrate more and also often are more happy. yet they at some point start paying for the consequences of their action. And not all the time it's worth being in their shoes.
So how does the calculated risks work? How do they make you happy and how doing too much of it make you miserable? When not to calculate too much?
Know When to Take Risks by knowing Your Backup
You need to have a strong backup if you wish to take some risk. You may want to understand that taking risk can be done with some sort of the efforts. But those efforts require you to have some sort of the backup.
Taking blind risk helps but when you have more dependent people in family around then you should have a strong backup. You need to take risk the right way and avoid thinking blindly knowing the backup needs to be there in some time.
Backup is a necessity, even if you don't have dependents. Some of the time you have to understand that risks can get difficult in most of the cases. So when you take the backup the right way and risk can get reduced.
Know When to take risks when you have nothing to lose
Sometimes you reach a point where you don't take risk. And the reason you have to take risk is because you end up in a place where you have less things to worry about. Most of the time such place never comes in life of people. Lets thank god for that.
When you have nothing to lose. You start to take the risk slow and steady way. You have to understand that when you take the risk the right way, things improve in our life. It takes a lot of time to understand that calculated risks don't work in this time.
I personally make sure to take risk in either way. Just make sure that you don't end up in the times where you feel like you have nothing to lose and nothing to work upon much. That's something you have to plan for.
When to take risk when you want to make progress
You need to take risk in order to make progress. Some of the time you have to understand that taking risk is one thing you have to think. Because unlike the times when you don't take risk yet life goes on. You have to take risk to grow.
So the point to make here is that you have to plan growth and then take risk along the way. You have to slowly make the progress and then take one risk at a time and then build upon the overall compounded growth.
Progress can be built without risk too but that would be dependent risk and something like that can't be grown. You have to plan that risk in order to grow from this point onwards.
When to take risk when you lose everything
Let's say I lost the job. That means I have to take risk. I have to find new places for finding the work. This also means that losing everything often pushes us forward for the work and that means you have to take risk at that point.
When you lose everything you understand what not to do. You then plan your blueprint where you are tracking small things and then learn to take risk the right way. That's something I have learned from my experience.
Learn to find out the path so that way you can find the final goal where you can take risk to reach the point. This is something you learn to do when you are learning in deep of the risk. So one has to learn to do this with experience.
What do you think?
I think when it comes to planning your way around the risks, you have to understand when to take them and when to avoid them. And this comes in with the practice of our life.
What is your opinion on taking the risk? I'd appreciate your comments. :)
How Watching Anime Makes You Money
I admit, I watch a lot of anime. I used to watch when I was in school, then in college and even in my 30s now a days. So yes, I am growing old with watching anime.
Life has been pretty good when you deal with only good things that you enjoy. I realized this a bit late. I know those who find some value out of such animes kind fo feel good at heart.
Watching anime has a lot of benefits. Like it gets you out of bad mood. It makes you feel good about the life. It also makes you feel good about most of the things in life in general.
I want to discuss how watching anime can make you money. And get you to like things that you can enjoy overall out of that money.
So let's discuss how watching anime helps someone make money or it never goes to waste in general.
Write about Anime, Make money
Do you know sites like hubpages have sections on anime. You can review them there and wait for adsense ads to roll in. And they will pay you cut from their earnings. You would also get a lot of traffic for the content and this in turn makes you money from that.
Just so you know some of the sites that have good content of anime can also get good advertisers. And you get to post about various topics under anime and animation in general. That would lead to some good paycheck.
Do note that reviews need to be good, lengthy and also some value in them with images and the gif if you can. This way you can make the reader engaged into the content. That's what makes things good.
Write about Anime, Earn Crypto
Do you know there are communities which are meant for the anime and the animation in general on hive and steem? They also pay you in case if you can get upvotes on those articles.
There are people who are into anime and also earn decent crypto income when they post on regular basis. Writing about various of those topics can be useful if you know what you are doing.
Earning crypto is not that easy on Hive and Steem but if you write good reviews specific to the anime, you can make some decent income there. Which is something worth your hardwork.
Write about Anime, Land Jobs
Do you know there are some of the anime accounts on social media that pay you to post the engaging content? Yes that would be a job for you. And that could earn you some good income out of watching anime.
Landing jobs using your hobby like anime is another thing a lot of people kind of enjoy. I feel that anime is not bad if you can monetize that hobby the right way. In fact more jobs open.
But I feel after say some years people quit. Like some people quit in 20s,or 30s or even 40s. It all depends. I feel a very few amount of lot can experience passion till the end. So if you want to do job then have to maintain the hobby plus job balance.
Write about Anime, Entertain, Get out of Depression
Now this one is not really the direct money maker. But it makes your mental health and physical health good. Like it gets you out of depression. How much time you are going to be spending watching. Sometimes writing what you have seen helps your health.
It also entertains you and it gets you into the mood. Like you feel good talking more about episodes. Say you watch black clover, you enjoy the episodes and then it feels good to wait for another season, the depression therapy helps like this.
So make sure to write about anime in twitter, or some article and enjoy your time because in our life there are lot of bad things but spend time on good things if you can, that would help you.
What do you think?
I watch anime and other animation shows and write about them. It helps me with content being posted for money. And in general this is a good thing for my health too. So I prefer writing about it.
How about you? Do you write content of anime that makes you money?
@esmeesmith
