Writing for Money - What Not to Do
I write to earn money. I don't write to just pass time. That is just another bonus. Over a period of time I realized there are things that didn't worked out. And some of the things that needs to be done.
When you write for years. Over a period of time you learn a lot of things. Like what is working that season and what is not going to work in other season. Something like that is thing that needs to be learned with time.
Writing for money requires a lot of discipline and also requires time and efforts. When you learn to put your time into the right perspective. You make the most out of the parts of your life. Something you need to learn about over period of time.
So without further wasting time, let's talk about what are some of the things you should not do.
No Free Samples, No Low Priced Temp Work: No
I remember there used to be a time when the free sample was a norm. And then people used to collect your free sample and use them in their own work. And that free sample was free and you were left with no money.
When you see the point the free sample is serving, you stop funding your time for someone else's use case. So you need to understand that your value is not zero. Make a blog instead and show it as a portfolio.
Do not show free samples. Make a blog or the niche portfolio of the content. And then showcase that content to others. This is one way you can make good impression on the new clients. That's one way to get attention.
Crypto Content Writing as Sole Source of Income : Yes
I think this can be tough for some people. But there are people who write on steem, hive and read.cash. They are making that content writing as a sole source of income. As that gives them some cushion to work with.
I feel that crypto writing is a good approach for the income. You can make money off the donation and the upvotes. It all adds up in the income. It may take time for compounding all of the same.
Make it sole source of income only after having multiple other streams working out in a passive way or semi passive way. There is nothing wrong with doing this as a side hustle. I am doing it the same way.
Writing too Much Personal: No
I think I have been guilty of doing this. I explain a lot about my personal life. I know I should not do this. I think I done this to vent out and got my feelings out. But over a period of time that needs to be changed.
Don't write about lack of married life, or having kids or getting married. That information can be used against you. That information may be used to stalk you and may be used to comment towards you.
When you write personal, keep it short and sweet. The less people know the more they would understand about you. I feel that writing personal takes effort and also something not everyone should try out.
Writing Political, Religion and Social: No
Do you write as if your own religion is superior? Do you write as if it's politically correct from you? It's somethin that makes you social butterfly? I feel everything needs to be in moderation.
Make sure you write in such a way that all of this remains in moderation. And you don't use it against the people and neither they should use it against you. That's what most of the people should use when it comes to those topics.
Being politically correct and writing about things which interest you is a good thing instead of that. I make sure to write about politics in limited context and don't get much deep with it. I find that it is in moderation.
Grammarly or Content Checker is a Must: Yes
I have started using the grammarly. I feel it's a good software. Though I am not using it on read.cash as of yet and writing very quickly here.I feel I need to be using it here often if possible.
I also think that content checker options out there needs to be used in proper way. I don't know if there are any cloud options out there but grammarly works fine as of now and I may consider using those options for now.
I also think that making use of them in the Word and the browser itself can be a good option as it corrects you right here as well.
What do you think?
I think there are lot of things you should do and not do while writing in case of earning money. But all of this takes time and some strong efforts. But we will get to those things in time.
I'd appreciate your comments on this topic :)
How to Avoid Investing into Rug Pull Projects
Every day you go into some of the telegram channels. You would find new rug pull project going on over there. Each of such projects are kind of random with the survival.
Some of those projects survive till 1 week and some are going to be till weekend. So you have to understand that if you choose to avoid investing into them then you would save a lot of money.
But how would you make a decision of avoiding the rug pull projects? How do you figure out how the rug pull projects exists in the market? How do you find value in bad or rug pull type of the projects?
Let's discuss how to avoid investing into such type of the rug pull projects.
Let's discuss some of the ways you can avoid investing your hard earned money into the rug pull projects.
Social Media Foot Print
Most of the rug pull projects only have twitter and telegram. They don't have strong social media presence. Most of the content on their social media accounts have the copied content. And that is just what they have in the footprint.
In terms of the social media, we have to understand that it has some good cleanup of the public. They pay attention. They know what is going on around. And they are going to be very specific on such content.
If you don't find much talked about the coin and the projects in general. You would realize that the footprint needs some work and you have to learn to change that approach of the social media accounts.
Real Humans behind Projects
You may notice that some of the time people are just fake in the project. It's like they are promising you "to the moon". All the time. You have to understand that such type of the promises are not realistic at all.
You have to think of the real humans who are managing the projects. If there are no real humans then you can say that this project is just going to run away after taking your money. It seems such projects are plenty out in the market.
How to realize if there are real humans? You may find that they show their real image. And another thing is that such projects makes it easy to connect with people if they are real. But if there are no real people, then it becomes hard from what I have seen so far.
Realistic returns through Investment
I have been getting the ads of many projects who promise 300 percent or more. But the thing is that such type of investment are often short. And also as long as you may find them slow moving they can be realistic with low value investment.
Another thing is that returns upto range of 50 percent or so in short term is fine but giving them forever is not sustainable. So if anyone is giving you 100 percent return for 1 year then you are basically going through tough times.
In order to judge some of the such investment you may find that you need to find out how realistic such projects are then choose to invest into them. Most likely such projects don't survive much from what I have seen so far.
How to Avoid Shills
Twitter and telegram is full of shills. Each account that is stranger to you comes with the promotion of the content. Like some are selling forex plans. Some are selling the other stuff into the market through telegram.
In order to understand some of such accounts, you can realize how the photo and the pitch in the DM works. Some are just desperate to win you over the business and they are pushy too.
You can easily avoid them by asking them. What do you want from me? You would get many answers easily managed through those type of the questions. I have had my shares of the accounts which manipulated me but didn't worked on me.
What do you think?
What's your experience so far with the trolls and the scam that happen through telegram and the twitter. Do you think some of such type of the scams works on you? Do you invest into the projects which are like this?
What's your experience with rug pull? How do you avoid them?
Why P2P Marketplaces are Banks of Crypto Users
I remember the time I used to rely on forums and the places for conversion of the crypto to the local FIAT currency. I met a lot of people who scammed me. A lot of people ended up running away from the deal.
And the exchanges came into the picture. This is where the banks and the exchanges decided to offer the services for the crypto. And they started charging various taxes for their own benefits.
This leads to the crypto users having the marketplace issues where people set them up and had a lot of scams and was harder to convert your funds from. So then many exchanges decided to come up with the escrow systems through the P2P marketplaces.
So in this post here we are going to explain the good side of the p2p marketplaces and how they are good than banks and the exchanges.
No Control of 3rd Party
Most of the marketplaces even in the exchange are not controlled by the company. They just have the infrastructure in place. And they are not going to be controlling your ads or the services.
The trade happens between the users and also the results are given through the marketplaces in the p2p format. You can find that there seems to be no control on this part.
You have to control the transaction by making sure you get paid before you sell the crypto. Same while buying you have to transfer the funds and the funds would be moving to escrow to the users.
Safety with Escrow System
Let's say we have exchanges like **Houbi** and the **Binance**. You make sure to add some escrow between the financial systems in order to achieve the safe trade. So most of the marketplaces offer that.
This makes sure that you are not being fraud by either side. So this would prove like a good safe system where you can find the safety among the funds and also easier to move the funds for your sell or buy of the crypto.
Escrow is not an easy thing. You have to work super hard in order to achieve the safety in the transaction of the escrow system. Most of the exchanges with offered marketplace of p2p would be having such escrow in place for safety.
Money in Local FIAT
You are living in say Singapore. You earn the Singapore dollars. So exchanging through houbi or say localcryptos you would be able to get your local FIAT in that context get the local money.
You can also do the international trade but that would take longer time. And also there are a lot of scams which makes it harder for you to transfer the money. Nothing happens easier in international trade so be cautious.
I prefer making use of the international trade option only when they can pay me through conversion on their side and then they do for the FIAT. So make sure to have local money exchanger in the p2p marketplace and p2p users.
Quick Money
You get quick money if you do the p2p transactions. If you are in Singapore or some other Asian country. You may notice that you would get the local transactions lot easier with such services.
In case of the p2p, your money also flow in quick because the system makes use of the transaction systems which are local. And so your bank account may send you notification lot easily and quicker after getting the money.
Make sure to also ask for the local payment systems which are internet enabled and not something like SWIFT which usually take like 3 hours or so to confirm on all ends as well. So exchange with local and get it quicker.
What do you think?
I have been making use of the p2p and it seems like working out for me. I am sure in near future I may continue to add the funds and sell the funds from crypto. This would earn me some good money in the due process.
So have you tried p2p marketplaces? What's your experience so far?
How to Improve Finances as a Freelancer
Freelancing is hard. Not a lot of people can pull this off clearly. You have to work really hard in order to manage the money and real life issues properly. And with freelance where you suffer a lot in terms of the lifestyle as well.
Freelancing requires some planning. Be it on investment of money, time and other aspects of the management of the resources. I have realized that if you can handle things properly it gives you much better control if you do it right.
But in reality the freelancing is more chaotic. Some of the really it can be pretty hard on the aspect of the managing real life, finance and overall time management can be difficult. So let's share some of those here in the article.
Below article would help you manage some aspect of it based on my own perspective and the life experience in general.
Save 10% for the Emergency Fund
I know saving is one of the difficult things with freelancing. But it does not have to be. You have to find out means to save. In such case you can save few dollars here and there by not spending on things. That could be a start.
Now this saved money should go into the emergency fund. This fund need to be used when you have no projects or the ways to spend the funds. So that is where the emergency funds can be directed as well.
You can increase the percent if you want. Just make sure to store the 1 year worth of the emergency funds. Make sure to also invest this fund that gives some returns. And take out money only during the last resort of your emergency.
Delegate Work and Complicated Tasks
Some of the work is beyond your age and the mind. And some of the work can be physically taxing. And some of the work goes more complex as the time goes on. And in that case you have to let go of those tasks.
You have to delegate to other agencies and the people. When you let other people work on things you can be rest assured that someone who is better than you at this is working on it. And this will get things to move.
Delegating the difficult work is a necessity. And also it is something every person who wants to grow as a freelancer and the business is going to be doing as the time goes ahead. I have realized this pretty strongly as well.
Outsource To Free Your Time
We don't have the free time in our life. And we always have issue with managing our time. Unless we learn about it, we don't know why and when to outsource our work. The reason is it should free your time only for the serious work.
Outsourcing is a necessity and something you should do. Because almost every successful person and the business is going to be making use of the outsourcing as a means to make money.
Make sure you build on your free time. By outsourcing the work to the right set of the people, you can free yourself. And in freelancing or even in business that approach helps a lot. Make sure to start doing this to improve work flow.
Work smarter, not Harder
Freelancing can become a chore and business becomes very hard to do thing. You have to change this approach. And you have to learn to make things work for you. And in that case make sure to avoid working harder.
That is one thing you are not going to learn in one day. You have to work smart from the start. Make templates, do things in scheduling and in advance. This way you save time and start doing the work.
Always work smarter. Make sure to find the jobs which allow you to do work in a smart way. This way the freelancing becomes lot easier. And you get to build the business that you have a strong control over too.
What do you think?
Have you done freelancing? Have you build the business online or offline? What are some of the things that you have changed from the personal finance perspective?
I'd appreciate your views and comments on this :)
Broke Life to Financial Stability - How Compounding Helps
I remember the time when I was dependent on my elder sister. I had no job at that time. I was fresh graduate, depressed and also was not ready to accept the small jobs. And I had literally no means for the hope in life.
Then that mindset I started to change. I decided to get the first job that comes to me. I then slowly got into another job where the salary was good. And then from that point onwards I decided to keep moving to the next part.
Like this you can see that financial stability was a bit difficult to achieve for me. But I decided to change my days by changing my mindset. So the compounding was in my mind but I had no mindset of growth.
In order to change your days, you have to change your mindset. You have to learn to move ahead from your existing set of the thoughts in order to achieve the financial stability.
Broke Life Leads to Depression
When you have no money. You can't see growth. You can't see what you can do in life. And in fact it was difficult on my part similarly. You see nothing to change in your life and you can only think of the worst scenarios.
This cycle would lead you to such a low self esteem that you won't be seeing the other side of the broke life. This in turn leads to depression. And people would be looking at the wrong side of your life.
This also turns into other people thinking of you as low. And they would be trying to decide things for yourself. Broke life is static life. You have to make some movements in order to change it and come out of depression.
Consistent Hard Work Leads to Results
You stay static when you don't move. In order to see results you have to move. Like do some side hustle, get some job. And keep moving. Don't put yourself into static mindset. You have to change to get the results.
Your hardwork needs to be consistent. And unless you are consistent on that you can't see the results. Your approach has to be very much focused as well. In order to work smart you have to get some hard work in order.
In the context of the results, you need to take steps that leads to those results. You can write on a dead website that offers nothing. And that hard work would not give you any results at all.
Everything is Stackable!
Have you did the experiment of the dripping bucket. When you make a hole into the bucket small enough. Slowly the water would be dripping out of the bucket and the water will be completely out of the bucket.
You have to also see the results of your life as either leaky bucket or stack. You add one item at a time and make sure to stack it. This way the content or efforts that you take become stackable. This is how it works.
Everything that you do in your life becomes stackable. In that context it would be something you have to assume and worked on as well. So life in general is stackable if you learn to take steps towards the same.
Financial Stability is a Marathon
You may feel that you are investing into some mutual fund or crypto and then you may feel like the financial stability is achieved. But life changes every day. What you achieved today may not last forever.
Life in general is a marathon. And you have to continuously invest into the system. Make sure to keep your investment going on. And not worry about the future. Just focus on consistent investment.
So treat this whole journey like some sort of marathon. And keep going one day at a time. And then work on the financial stability. This is one of the ways the financial control can be achieved as well.
What do you think?
Broke life is not an easy thing to live in. And unless you work harder you can't move ahead. You have to work on the small steps that leads you to move towards the financial stability. And you have to be consistent as long as possible as well.
What do you think of this approach? I'd appreciate your comments :)
Waiting for the Right Time Never Works
I always wanted to have time on my side. I was like this will happen to me and I will be happy. That will happen to me and things will be bad. And in reality totally different things happened.
Mind you some things happened as per my plan. But for the rest life didn't happened the way it was supposed to be. And so the right time never came out in my favor. And that turned out to be a lesson in life for me.
So here in this post, I want to explain my view on there is no such thing as the right time. And what are some of the things one can do for making the most out of the good or the bad time.
Do share your view on this with me. Because I would love to know your view on what you think about right or wrong time.
Waiting for the "RIGHT" one
I was dumb. I was waiting for the right one. I missed out on good ones too. I was not always to be blamed. I met some bad men too. So that turned out to be worst experience for me.
I don't think there is any good guy for me. I just think I have to settle with expectations while being cautious of the bad ones. So in short the right or wrong does not exist for me.
I feel if you are good enough for someone just go with that person. That is one of the way to live the life. And often we have to adjust as it is whether the person is good or the bad. We learn the lesson either way.
Waiting for the "RICH" Life
I was wrong again. I feel like day dreaming and thought about being rich. Meanwhile I was tied to my job. I never write anything outside. I never bothered learning about blockchain. And result? I am not rich at all.
And this is what happens when you are just dreaming. You have to make sure to invest your money and the time to do things. And the action is what you need to worked around for the better life.
Being rich requires action. Being rich requires mindset change. All of that you have to do otherwise you are going to wait for being rich forever and you would not reach your goal there. That will happen unless you take action.
Waiting for "THAT" time
Be it being rich. Being good with relationship. Being the best in the job. None of that happens in one day. All of this is a part of the journey. And that is the case with the assumption and waiting for the right time.
Like if you wait for the right time. No right time is going to come for you. Your real life is done one day at a time. And your life may not go much ahead unless you work on how you go on with the life.
So make sure you are not waiting for the right time. You are going to be doing most of your work in successive ways. Make sure you are not going to be lagging behind in the life as well. So don't wait for the right time.
Waiting forever, Meeting Regrets!
I must admit, I waited for a lot of things for far too long. And then I managed to meet more or less regrets there. I have to say that until the internet came in the hands, it was really hard to change the life.
Waiting for various things to happen in life was like forever. And that was like waiting for every small thing to take place. And then if those things are not met then we meet the regret.
So one should take action. And when you take action, you become more controlled of part of that compounded effect. So the compounded effects are also getting out of the regrets as well. Do work, compound your efforts and ignore the regrets.
What do you think?
If you want to be happy and in a position where you can do most of your hard work. You should focus on taking action. Ignore the regrets. Ignore the day dreaming and find the ways to get the results of your efforts.
I'd appreciate your comments and the view on this :)
Why You Aren't Where You Want to be Financially
We always look at the fake or real successful people on social media. We worry that we are not going to make it. The reason we end up in this situation where we think less of our own selves is because we have not taken action.
And this approach continues to compound and build onto something different. Which in turn makes it harder for us to be present financially. I have struggled a lot on the financial grounds last few years which helped me learn this.
So I thought I should write about things that does not make anyone successful and what needs to be done to change that. I have mostly taken action on that front and going to be relying on some of the below points to make it easier for you to understand.
Let's discuss why we are not rich or where we want to be financially or at other means of abundance part.
No focus on single thing.
Let's say you want to write an article. And you are supposed to do that in short time. But instead you have Netflix going on in front of you. People talking in another side. And the distractions are all over the places.
This is a sign that you lack focus and also the single most important thing is missing with your approach towards the goal. In order to reach the goal that you seek, you need focus on it for short amount of time or the time it requires for completing the same.
So focus needs to be gained and needs to be practiced as you move ahead with the plan that you have in your mind. Make sure to give some focus to the work for short time and in each interval do some work. This is how it can be done.
No consistency for 1 year.
What you are doing right now that is giving you some results? You have to do that for 1 year. And keep doing this for another year. This sort of the consistency is going to make you financially safe in that place.
Lack of consistency means you are not going to reach your goals. And that would stop you from reaching to the place where you want to be. So start doing things that matter and keep doing them for longer time.
You have to be consistent for longer term to keep the success sustainable. Unless you do that you are less likely to grow your investment of any type and also jobs or business don't sustain unless you work on them regularly.
No rest. only daydreaming.
You are day dreaming that you want to be rich or you will get rich in near times. You have to understand that day dreaming forever is going to get you there. It is not a thing that works for most of the people. That's why action needs to follow.
You need to rest and give day dreaming a chance to be done in your sleep. Not when you are awake. In the awake times you have to only take actions. That's what life has to be only action, less day dreaming.
When you take action towards your dreams you are going to be building your phase. And that is another way of building the direction for your future steps. So start taking action with each of your focused view.
No iteration. No changes.
We have to iterate over the things that work and we have to keep building things that can be iterated over. Because otherwise the consistency would be lot harder to worked upon as well.
No changes happen unless you are going to iterate over your set of the direction. You have to find things work. Find why they work. And how to keep going with them for long haul. That's how the changes may come to reality.
Make sure to do one thing that works, iterate over it's success and failure and find out what would be next course of your action. Build upon that as that is how things work as well.
What do you think?
If you are struggling with the success, make sure to keep above points into the mind. Build your future on the success of each of those points and see where they are going to take you further.
What do you think? I'd appreciate your comments on this :)
How to Use Money and Time for Your Financial Growth
I think I have not written topic from the practical mindset for years. Like how you can use the money and time the right way. Like say you want to make use of the time and money and put it to better use to serve you.
So here I wish to try out the context in this article for how one can use the money and time in a way that would serve you better and leads to less regret. Like you are using the time and money in such a way that it can be used in a workflow that leads to more solutions rather than problems.
Let's check out the context where you are using the money in such a context that it can open up more options. So think of this as a open loop type of thinking that could solve more or less of your problems.
Check out my views below and let me know if they are on the track that would help solve some of your problems.
Now let's discuss how to use the money and time effectively.
Start Somewhere
Let's say you are not rich or not wealthy enough to have financial growth. But you have to start somewhere. You have to get that first dollar out of your head. You have to break free from the zero.
You have to stay at zero and show yourself to start ahead. This way you will understand how you are going to be taking action that leads to one instead of zero. Which is something you can develop upon for the growth.
Image Credit: jamesclear https://jamesclear.com/
So it all starts from zero. You get to one after that. Dropping the visualization. Just focus on making one dollar from hustle then save it and move to another dollar. And then find a way to automate this process.
Problems will never go away
You have to understand that if you are waiting for all problems to go away before you choose to fly. You are not going to be leaving your nest and you are going to be stuck in there like forever.
You have to work in such a way that you are working on your problems one day at a time. Not trying to solve them forcefully. You are not pushing yourself too much that affects your routine.
So think about your problems from the solution side and work on them one day at a time. This would be a good start for your life. As you would be working on your life from the angle which could make things better for you.
Compound Effect
If you do things every day without fail. You would be triggering the compound effect, which eventually helps you with various things that could help you long term. Something you would be needing in your life.
Make sure to make a habit of investment each month. This would grow up in the finances such that the effect would help you. And that approach in itself also helps in the possible outcome.
Habit forming leads to compound effect. Like eating sugar everyday would help gain weight. So does investing your time and money into things like growth investment would lead to growth. Find out how to trigger this effect the right way.
Make Money work
You are working for money. Everyday. You are working towards your goal. But if you want to be on the driving seat. You have to let the money work. You have to let it do your hard work.
A lot of time that means you are going to be struggling on the financial grounds while letting your money staying invested. But once you let the money work. You would be seeing the returns in return as well.
Start investing. Start investing into the money avenues that offer dividend or some sort of the compounded income. This would start your income in much more balanced way.
What do you think?
You fail because you don't let the variables around work for you. But once you start to let those variables work for you, life changes. That's my experience. So how did you find value in this article, do let me know your experience.
I'd appreciate your comments :)
Personal Finance Books You Should Read
I read a lot of books. Often those books are specific to the personal finance. And it helps to get some good knowledge when I read them and try to apply those scenarios for my personal finance journey.
These books often teach you what are some of the things you should do when your days are bad. What are some of the things you should do when you want to invest. This is something I have realized that personal finance has a big impact on our thinking patterns.
So below are some of the books that I have read and they have pretty strong impact on myself. I hope that some of these books recommendations help you later with your own personal finance planning too.
Do take a look at some of the recommendations below which can help you with personal finance.
The Millionaire Fastlane
M.J. Demarco is the author of this book. He has one forum too. He writes pretty on point and also tells you what are some of the things that you should do and think when it comes to managing finance.
He gives some of the realistic information on the personal finance. You will learn a lot of interesting things about personal finance, expenses and also where to invest etc. This books has a lot of hints on the same.
He has also written multiple other books too. And a lot of his views are extreme but are eye opener. You would make some really good decisions once you realize what to do and what not to do with the personal finance after reading these books.
Rich Dad Poor Dad
This is one of the popular book that you would find in the railway stations or any book store as it is popular book. The book has really good information on how to view the personal finance with the self bias and assumptions.
I have had pretty good understanding of how the book has helped many. Because I too have used for various scenarios for understanding the cases around me. I always recommend this book for those who want to get handle on the personal finance.
You may definitely want to check out this book. If you like you can find some really good content in these set of the books. As the content in such book can make really good case as well. You should read and apply this in your personal life too.
Secrets of Millionaire Mindset
Mindset is what makes or breaks anyone's life. Like you take good decision if you have mindset of the growth. And you take bad decision when you are doing anything in the name of the fear. So the mindset plays a big role.
When the mindset is in wrong phase, we struggle with the finance and when the mindset is used in a proper way, it leads to better finances. I have realized that when one handles it better it helps.
The book shows you what needs to be done properly. Mindset is something you would learned from the book. I won't say this is a good book on this front but we get an idea on how this helps you with personal finance journey.
Dollars and Sense
This is written from the context of dollar and the American economy and mindset. But some of the personal finance lessons can be learned from this context there. I have realized that if you can do it easily it would give you better result as well.
The sense part of the book shows you how you can get control and handle over the finance and how the things need to be changed. This is more from the management perspective that is what I have realized.
I love some of those books and also loved the way the content has been written as well. It seems like book like this can be a good option for you to read if you plan getting some hints on money management.
What do you think?
These are some of the books that I have read in the past and influence my views in this read.cash article or many other articles that I have written in past or may write in future.
How about you? What are some of the personal finance books that you read? :)
Money Mistakes We Make In Each Decade of Life
I am not old. But I feel old. I feel the pain of losing the time which was never in my favor to begin with. I was born prior to internet revolution. I faced the time of the old computers and the phones. I have missed opportunities.
I realized that I made a lot of mistakes that resulted in many of my own lifes regrets. I wish I could have made a lot of improvement. So far I have realized that I think some of such regrets can be understood from the start and we can avoid them.
Today I wish to explain some age group specific regrets and how we can avoid them. Here the context of the money. And we want to think of the life which should be in much better context as well.
So lets take a look at some of the life issues that happen in the age group categories and see where things change.
20 -30 Age Group : Not starting Investment
We start living the real life in this age group. I have just crossed this age group and realized that I lost a lot of interesting things of this age group. And I am going to check out where the life goes from this point onwards.
I realized I had no starting investment. And I was locked into the job. Which made me worry a lot. And a lot of things I had some of the investment mistakes due to the limited funds I had in the hands.
Another thing I noticed that time was pre internet penetration, so not a lot of us had the sites that used to pay online. So I think we were born a bit too early for the changing time. But mistake was not saving at all.
30-40 Age Group : Having debt, No dividend income
This is the age group I am into right now. I have few debts. Like working for the family and not having the savings. I have realized that there is definitely lack of the funds in that group as well.
I think having the debt is one of the thing that I have realized one should not do. Because you would spend a lot of time and money into something that ends up being taken by others. Like banks or the debt repayment agency.
So having the income that generates some return of investment or some form of dividend is what I am going to get as well. This is the time I am going to be investing into the funds which earns income.
40-50 Age Group : No savings. No house. No healthcare
I think a lot of people who spend their life in splurging and wasting on the habits which lead to some of the financial issues that leads to the problems. You may not have healthcare you may not have the savings and house.
This is where you are close to the life where your earnings are going to slow down. And you may not even have enough money for the spending either. So this is pretty harsh times unless you work and earn and save.
Here the goal has to be working on the stocks, crypto and dividend based income. So that whatever it returns to you earn you some good income. That is what leads to some really good income in the long run.
50-60 Age Group: No retirement savings
Having retirement savings is something one should always think of properly because you are not going to get the job as you age. And you can't do a lot of work. Which is something people have to realize.
I have not been there and I have no idea how to get the most out of my efforts to have a good life in this particular age group. So thinking of saving and investing enough before reaching this age group.
I have not done much and have to learn how to get the most out of the 40s first before I can draw any strong conclusion about this age group. Let's see where things go on that front.
What do you think?
So each of the age group is what leads to some of the good results. And if you learn to do things better way you can avoid some of the age specific mistakes too. I guess we will learn about this from the experience in our life.
So what do you think? have you improved yourself in these particular age groups?
Write Daily to Earn Crypto on Web3
We are living in the times when we can get paid for writing content. Be it making the video, audio or even the text content. These days having the content and promoting the content can get you support from people.
This also means that when you write daily you end up making some good choices for your writing habit and also earn some money along the way. This is something you should do in order to establish your writing routine for week.
So today I have this thought to share where I want to show you that how you can write daily and earn some crypto for the amount. Hopefully you can learn from this experience and start doing this for your own routine.
Check out how writing daily can make you money and also help your portfolio and skills building exercise while you are doing that.
Write Small Content on Noise.cash
Noise.cash is one of the best sites out there for the small content. It's not like twitter where people spam in one line. Here you can write good enough 100 words and also have your heart say things.
Another option for you is to write content which can earn you a good money when other people support you for same. It may take some time for the support to accumulate. But it all adds up.
So start writing something small. Make sure it is quality content and something people can use for their own benefit. And that would help make your content earn some good income out of it.
Write in depth on Read.cash
When you write at the read.cash you realize that content writing is not that easy. And you have to take it slow. I have struggled a lot to get some traffic to my content at the read.cash and slowly it has taken some traction.
Having followers, supporters helps a lot. Make sure you have them. Because overall they would be putting more efforts on you too. Make sure to also read and engage. Though not all of us including me can engage with every person who comments.
So make sure to write content, and follow along with another users and share or engage with them as you require. It takes time for read.cash to work but once it starts showing you some results, be consistent from that point onwards.
Write on Steem and Hive too!
I know many of you ignore these two platforms. but it can earn you TRX and HIVE when you write content over there. Those earned crypto can be staked on the binance and then earned from it.
I make sure of both of them and earn some good income out of them. I think having the tokens in hand would help in the long run. I can tell you that some of the folks who write over there do pretty good as well.
Hive is pretty good but the thing is that you have to write regular over there. And when you do it helps bring some power to your account which later can earn you passively as well. So start writing there too.
P0x can make you earn Ethereum tokens
Publish0x is also another website which allows you to earn for the content being posted. But they pay in the Ethereum token. Which kind of makes me wonder if it is worth writing there because you lose on the income with high fees.
But people continue to write there and earn. But all that is upto them because some have good results for their content. So hoping that if you can write there make sure to also link to other places and get your traffic out to other places.
I have been writing very rarely there but I make sure to write enough to get some content out there. It takes time to accumulate earning but something like that can be done if properly funds are managed.
What do you think?
This is my approach to writing and also earning the crypto tokens along the way. I can't assure you on any of this. But if you do things right, you can earn some small amount of money along the way. I wanted to make the most out of my writing so followed the above approach.
Have you tried this? What's your experience so far?
How to earn money without investment?
In past I posted about some of the ways to earn the money everyday out of the crypto. But I didn't covered the topics outside the crypto. So I thought I should cover more topics regarding the investments.
When you have something to give to the world, you would find people paying for the stuff. And that is going to earn you some returns from your investment. This is something a lot of people don't understand.
Here I wish to add some of the ways which you can earn some good income from the options which does not require you some money to be spent. You earn from what you already have as well.
Let's discuss some of the options that you can check out for earning money without investment. Below are some options.
Here are some of the things that I have found out to be working with the help of the investment of time and you can earn good money.
Content Writing
This is one of the method I have realized that content writing works for writers. I am into blogging already. And so this method works out for me. I am writing on read.cash, steemit and hive.
Which site to choose for the passive content writing rewards depends on you. Hive and steemit requires you to regular writing for the rewards to come in. You can write once on readcash and noisecash and then it would earn you passively too.
So the content writing is one of the way you can try out for the income generation. You can also do the external assignments for the content writing projects. It works out properly for your long term projects too.
Consulting
I have learned this from the office. You make use of your experience and make a package out of that as a consultant. And you build yourself from that consulting income. You can make a good income out of it.
It requires you to have some knowledge on the topic. You would then package the content from the same it would be making product for books or even the course. This is something many consultants try out for their own needs.
You can also pay a good amount for your retirement income if you can get some regular clients for your consulting income. It's something I wish to do for next few years as well.
Sell Data
Let's say you are into some industry whose data you have been collecting. And that data having some sort of the value it could make you some decent income too. And for that to manage you can create a package or some sort of the product out of it.
So let's say you are having some knowledge on the database and the mobile development. You can package that for creating some sort of the data and then sell it. There are some of the sites like fastspring and gumroad where you can sell it.
What type of data to sell and what type of product to make? It all depends on your choice and also your approach towards the content and it's practice in industry for specific price. Find that out with research and then sell data.
Educate. Tutor. Speaking.
Courses is one of the thing that people should be going for when they have some experience of teaching something. Even the education sector people can use this option for planning some of the offline education there.
I know people have been going strong with the tutorship and the speaking. I have realized that having the proper tutor and the educator when it comes to the course. You can even charge as you can see the price in the market.
I know people who are teaching online and earning 100 or more USD per student online for the one month of the income. That is something I have realized from the experience so far.
Sell Items. Resale Items.
This is some thing similar to the sell data option. Here you can make items which can be sold onto the ebay and postmark and some of the similar services. Which can earn you a good amount.
You can also buy the cheap items and then sell those items for some specific amount. Some of the shops also charge pretty good amount. This is something I have found out for some specific cost.
What do you think?
These are some of the methods that I can explain here in short. You should choose what works for you. If you know any additional methods you should definitely try them out and share here.
I'd appreciate your comments. :)
Investment Warnings to Know When Investing in Crypto
We all want to get out of the financial burden. We want to get rid of some of the financial issues that are affecting us and are making our life difficult. Today I wisht o cover a post that covers some of the investment warnings.
So these warnings are going to make it easier for you to understand how to get the most out of the investment. So I wish to cover some of the basic signs of what could go wrong.
Because often the basic warnings we miss and end up in more or less problems for our own self. And something like that needs a change. So this article is basically going to be pointing those mistakes.
Do read the points and let me know if you have thought about them from your own context. I would love to know your perspective on this in the comments.
Let's see the first thing we should be thinking.
Avoid Zero Knowledge
When you get into investment. Don't listen to what other people say. Learn from all then decide what may or may not work for you. This is how most of the people think of when it comes to zero knowledge.
I have realized that having the zero knowledge can be bad because you end up listening to any random advice. And that can lead to some of the really bad outcomes too. So think for your own self and avoid the zero knowledge.
When you want to invest learn first few steps of the knowledge. Some of the time it can get things easier as you learn one thing at a time. And this means you end up moving yourself one step ahead towards further assets of investment.
Investment First. Spending Last.
Most of us worry about our investment later and instead become desperate on what to do and where to spend. And that means spending is coming to our own rescue very last. Something many people don't understand when they are young.
Your approach should be something like this. You spend first and then worry about investment but it should be something like you invest then get some returns and spend those returns. Continue investment till then.
This is some of the approach that needs to be thought about. You have to think of future and do the steps required in the present. I have mostly got my mindset fixed using the same.
What you put is what you get.
Always remember that world has changed. You can't expect to add 10 dollars and expect that to turn into million. Some of the time such type of the amount addition while investment can go wrong as well.
So think of the investment from both loss and profit perspective. Things can get better when you can find out the proper arrangement for your investments. Some of the time this may not work out well but needs to be done with care.
You put in the amount you can lose or choose to invest with some risk. Slowly increase your risk taking capacity and work on what you can get out from the same. Not all the time that would reflect but it can work well if you are being calculative about it.
Know when to rest. When to stop. When to continue.
You don't have to invest every day. That would be good ideally but not from market perspective. Know when not to invest, when to rest and when to stop with your investment. That is something you have to plan.
You have to also learn when to stop. Say some stocks are only profitable upto certain extent. And those things you have to learn about from the experience. Know when to stop and when to take some break for your investment.
You need to learn how to continue. You have to understand how the rest can make sense. Like rest is necessary in our life. And so does the finance. Find out when to stop. This way you would realize the control of the finances in the gaps.
Keep shuffling to adjust to change.
At the end of the post, I want to put on one more warning. Avoid keeping your portfolio stagnant. You have to shuffle the investment. You have to adjust the investment as per the change in the mind.
Like say some of the shuffling can make it easier for your investment to properly calculate in the long term. You would understand what could be right and wrong. So know when to put on some distance in the portfolio in the shuffle.
It takes some years to work on this. It may not happen in one day or the year. But in due time you have to learn to spend the shuffle for the stability. Learn this from the experiments.
What do you think?
This is my views and warnings in case of the investment. I have realized that some of the time we don't understand how to do things unless we are warned on what not to do. So hopefully you would understand this and practice.
What's your opinion? Let me know in the comments :)
How to Earn Crypto Everyday
Crypto is now no longer some stranger. Everyday we have been seeing a lot of people getting into the crypto these days. We learned how the blockchains are coming into centralized and decentralized communities.
So today I want to post about how the crypto can be earned on everyday basis. The reason being crypto is something we have but a lot of people don't know how to earn crypto and how to hold it as an assets.
If you don't have the knowledge on how to earn crypto then you have to make sure to have few things ready. You need internet and also you have to work on the form of assets to hold into crypto coins.
Let's discuss how you can earn crypto online these days.
Invest into Binance Earn, Nexo and Celsius
Spend some money from your pocket. And hold some crypto on binance. I know many people hate this approach as the binance is centralized. But let's hear the truth that it would be a good for the earning percentages.
Nexo and Celsius are another source that you can consider. It can earn you good amount. But each of them have the KYC system. Unless you have legal crypto structure for tax in your country, better to be safe there.
Binance earn is my favorite for the earning online. I also think that nexo can be a good earner. Find out what you can work with. Save your funds and build on the same. It would be reasonable to have the funds the right way.
Write and Earn crypto from Social Media
I have covered this plenty of times in the past. There are some really good ways to earn the crypto. Like you write content for some sites and in return you earn good amount from them with the upvote or donations.
Hive and steemit are two options which allow you to earn hive and steem respectively. In case of read.cash and noise.cash you earn bitcoin cash. So that is also another good option.
Finally there are many other sites that earn you good crypto for the amount of time and the content created and invested. You have to work on the investment properly as it can take your time too.
Stake Crypto. Delegate Crypto.
You may notice that there are some of the passive means for investment too. You have to invest into the crypto and then get some returns from them as well. Staking and delegation is something you may find some value out of them.
Delegate your hive, steem and you would earn daily interest or earn some upvotes on your content. That would earn you good amount from the investment of your asset there as well. It earns a good percentage.
My personal strategy is investing into the crypto which has the good delegation returns. This way I can continue to put back more and that would also give more in returns too. That is what I have realized as well.
Mining in Auto Mode
There are some of the cloud mining options that allow you to mine in a auto mode. You can install the software or have the hardware which can make it easier for you to mine the crypto.
Having the mining in an auto mode can be good option. And it can get things easier too. Some of the time things are a bit difficult in the mining as it would be funding. Having the miner in the computer can be a good option.
I have decided to invest into the cloud mining and let it run. This way the earning would be slow and steady but a lot needs to be learned on this front. In due time I may consider investing.
What do you think?
If you want to earn something from crypto. It needs to be properly done and handled and you have to diversify. Because daily earning is possible but everything needs regular shuffling.
I'd appreciate your comments. Let me know in the comments :)
Social Media That Pays in Crypto to Content Writers
Unless you are on Facebook wasting your time. You must have heard of plenty of social media sites out there that are paying you for investing your time and content on their platform.
In this post, I wish to cover some of the social media platforms that can pay you in crypto for the content and the various means through which you can earn. A lot of those platforms can open up more options for your life in general.
I have listed some of the sites below which are worth your time. I could list more but a lot of them would waste your time and also make it harder for you to earn. So instead of wasting time on facebook, start spending your valuable time in following sites and your life would change.
I hope by the end of this post, you would get an idea on how the below listed social media can be added for your side hustle and the income in general. So give the below platforms a try and let me know.
So let's take a look at some of these platforms that earn you crypto.
Hive
A lot of people have not much good experience with the Hive. They have got less upvotes and also ignored from getting any comment on their article. But fear not, just keep writing and engaging with others.
Don't think that you would write quality content and people will fall from sky to read it. Just have the patience. Make new friends and have more connections over there. Once you get the momentum with the content and people, it gets better.
Just be patient with hive. Keep writing and keep commenting. Find the right community to post your content. And you would find some percent of the passive income out of writing there. I can't assure you anything but it works, just hold onto it and keep writing.
Steem
Steem was the site from which hive was created. So the original site is steem where everything or say the big game happened. It's not as powerful as before. But it is earning some amount for posting content.
You have limited amount of communities to earn from. So find the community where you can post your content. And see where that would earn you and make you some money.
I earn random upvote and also the delegation based income continues to earn me there. I hope to increase my investment there but so far things have been pretty slow so hope to see earning going on good by the end of this year.
Blurt
Another clone of hive and steem. The token seems to be pretty interesting as it has a lot of writers trusting it. And a lot of people invested into it. I wish to continue staying invested with them. But for now I am unsure how the writing there works.
But if you have a lot of friends there and who can upvote you. That would be a good start for you. Make sure to stay invested with the funds. And when you do just that it would make you some decent money too.
Strategy with this site however is getting friends and the top account to vote you. And then power up whatever you have earned till the point where you can be sustainable on your own.
Noise.cash & Read.Cash
I have decided to go with the noise.cash and read.cash for the real investment of my time. There are many reasons for that. You earn the BCH which is immediately usable on exchanges and real life. You also get better value out of writing content there.
I feel having the BCH is often not considered with many sites but these two sites have changed life of many content writers. Plus point? You can see how much BCH you earned and then using it on exchange for FIAT or even using them in the real life which is real plus point.
If you are reading this article and not a member yet, just click on sign up and start engaging and writing here like you have some time to burn here. I am sure this would help you in the long haul as well.
Publish0X
Not a big earner for me. In fact I barely write anything there. But some of the authors over there are earning pretty good amount. You may also find that these authors are also doing pretty good with the Ethereum assets being distributed.
You may find it hard to make use of it if it's too small. So you have to start at some point. Make sure you write the content and engage in comments. This would start some sort of the effect which earns you good money.
If you can write short snippet of articles and also fine with the ethereum assets. Make sure to spend your time on publish0x. I am sure that would earn you some money slowly in form of these tokens. Just start :)
Odyssey
Video content is your thing? In that case you should consider investing into the odyssey. You should make good income if people like the content. You would also be able to get some tips for the content being posted there.
There is also one more site which works like this LBRY, which is 3speak which is based on hive and also focused on the audio and the video content. But depending on how you manage the content, this is another of your option to try out.
Have you tried any of these platforms?
How is your performance in these social media sites that pay you? Have you earned some good amount out of them? Have you made some good amount of income out of these platforms?
What do you think? I'd appreciate your comments. :)
Content Writing : How to turn Side Hustle into Business
A lot of are into content writing and we have started to earn from it. I can't say it for all. But if you write for say 1 year or so. You start to make some sort of impact in terms of revenue.
It never happens that you are writing for years and not earning at all. If you choose the right platforms, then you are likely to earn from the same. You have to find the right platforms to make money off your writing.
I have made writing my side hustle ever since the noise.cash started, then I also joined the read.cash. I managed to make some following in both the places. Though my opinion are strong, so I often don't get the most active following but I am working on it a day at a time.
Let's see how can we turn the side hustle into some form of a business. What we need to do to make that change and turn it as a good business for our own self? '
In the post below I wish to discuss that and give you my perspective on how to make the writing a good business out of pure side hustle. If you learn to do it the right way. Things can get pretty good and comfortable for you.
First I want to clarify that before you choose to do with the content writing. Make sure to have some form of following otherwise a lot of below methods don't work out. You also have to write consistently for this to work for you.
Diversify Portfolio
By writing online as a side hustle. You are basically making a new portfolio. It can make or break your new earning source. Like you earning even small amount out of it can diversify your earning.
This can give you some lead for earning. And also that would skyrocket or say compound effect of it can help with your portfolio too. So start with writing one tweet, one post on noise.cash and then move to read.cash.
Write one thing at a time. And start to treat it like a business. You are not writing for free but writing to build following. And this would help your portfolio. It is simple yet you have to start somewhere.
Get Testimonials
You are doing work for someone? You have to get their testimonials on your blog or site. Make sure to add that in some specific section. This way new people who want to do work for you would get an idea on how to manage those testimonials.
Testimonials are not easy. But if you do them make sure to spend your investment the right way in them. You have to treat them like some store reviews that we do with the hotel or the places. Same treat it here too. You're a business now.
Make sure to get the decent testimonials visible on the blog and the site. This is one of those ways where you can manage the testimonials the right way. Avoid adding skeptical testimonials because you need to avoid that.
Create Product. Membership Sites. Webinars.
You can't rely on writing all the time. So you may have to create some product out of your writing. Like you have to write some book. Like say you want to work with KDP of amazon or smashwords.
This way you would have some product to sell to the people. And this would also help build your membership site value in the due process. If you can put the content behind the paywall. Membership sites in this case a good option.
Webinars are also a good revenue source. You have to learn to add them into the mix. You would be able to charge people for the time you spend with them. I know many people who are charging with webinar and doing good with it.
Offer Consulting Services.
A lot of writers are good with specific niche. For example, I am not claiming to be good with the finance. But I write a lot about finance. And in near future if my practice works to be good. I can even charge for the same.
So there is always a chance to have some form of the service that you can charge when it comes to dedicated niche writing. I know many people who have been writing on the consulting side.
Consulting can pay you a good money if you learn to charge higher. All the things that you wanted can make or break through charged amount. Just make sure to offer the consulting price with proper process on what you are offering and then it would turn up routine with the clients.
Keep Writing to Stay Active in Business.
You have to make sure to keep writing. You can't have the business unless you are doing something. Make sure to write something every week. And also make sure to have this in a process. Like 1000 words per week.
Make sure to do one thing for your portfolio. And one thing to get new clients. This would become a process which would help your overall growth as well. I have found out this method to work out as well.
What do you think?
Have you followed this approach for the content writing and to create some sort of the side hustle? Which phase are you in as of now?
Do let me know your comments on the same. I'd appreciate the comments. :)
Assets You Should Own for Financial Growth
I talk a lot about finance on read.cash. Most of that knowledge comes from my bad financial days. And also the days where I forgot to save and invest. This gives you an idea on how the asset can change your life.
Previously I focused on how to make money work for you. And I covered a lot of articles that shows you how to make investment into dividend income. But now that phase is moving ahead and I am into more of diversification.
Another interesting thing to consider here is that having the financial focus needs to work on various set of the issues that we face as we age. So my focus is always on how the financial growth can be achieved and we worry less about losing the money.
So here in this article, let's take a look at the some of the assets that we can get used to for the growth purpose. I have personally learned from my experience on handling few of these so hoping you may find it useful.
Before you go for choosing any one of them. Make sure you are starting investing from the income that you can spare for the emergency funds and then start investing into below assets. Not before the emergency funds but after it.
Dividend Stock
This is one of my favorite. I always keep an eye on the dividend stocks. When you invest them you are going to get the yearly returns out of them. how much and how long and how frequent depends on the stock.
You earn pretty good based on your stock value. More units you have the more easier it gets when it comes to the stock handling. Your earning per year also improves when you manage the dividend stock.
I personally think that having the proper dividend stock is something we have to plan on properly. Like make a list of top 50 stocks and atleast buy reasonable 5 out of them and hold them long term.
Stablecoin Crypto
When it comes to minimum risk investment. You have to think of the stablecoins. you are going to be facing a lot of market dips and ups. You have stablecoin that remains pegged to USD value.
You can even invest into the stablecoins which are specific to your own nation. This way you would be able to hold a good amount in your pocket. This also comes in handy as a good emergency funds.
I personally think that stablecoin can be used for the proper investment if done on the time and also the money taken out on regular basis. Stablecoins like FlexUSD, Binance USD have a good holding and you can sell them in P2P market too.
Delegation-Reward type Crypto
Hive and few other cryptos are known for their value in delegation based investment. Like there are some of the curators accounts on hive which pay you daily hive for holding hive with them.
They may not give you much but they give you something passively while you lease your hive with them. I personally think of them as a passive income earner in the times when you can't actively vote on your own.
Make sure you are going to be investing into the proper places so that you get some delegation reward. Hive was an example. You can find more options for your own self and see if those options are good enough for you.
Govt Bonds. ETF and Deposits
Govt has their own investment options. Though crypto community is anti govt. You have to live with your own govt and not some foreigners telling you to hate your govt. So investing locally is a good option you should always practice no matter what anyone tells you.
Make sure to invest into the ETF and the bonds if they are good for you. Like in terms of the investments and also in terms of the long term holding. The percentage may not be that high. But you are holding them on secure amount and time.
Govt investment are secured often within specific limit. So ditch the govt hatred and see if you can work with your govt and properly and safely invest some money with the govt.
Mutual Funds
This is one of my favorite method of investing. Most specific set of the investment that I do in the mutual fund is the INDEX FUND. This is one of the best investment you can do with your money.
Another thing that I have found out with mutual funds is that there are some funds which allows you to take out money instantly which is liquid funds. Which are also good places to park your money.
I'd recommend you to try out the mutual funds if you have plans for long term financial growth. Also if you have dreams to own house and the place to take care of your own then you should have some funds into the mutual funds.
What do you think?
I feel that having the proper set of the assets that can earn money for you passively needs to be planned out properly and you have to regularly work on this portfolio which could earn you money.
What do you think? I'd appreciate your comments on this :)
How to Make Money work using Dividend Income from Crypto
Making money work for you is a skill. Not everyone can do it that easily. You have to experiment with a lot of income streams and the investment options. And it takes few years to get things right.
And even after that you are not set. You have to constantly shuffle the income sources in such a way that you would make decent crypto income along the way. So make sure to invest your income the proper way.
I have decided to write this article in order to help few of my friends who needs some short guidance on some of the income streams that can provide some dividend income. I hope by the end of this article you get that clarity for yourself.
Let's hope you get enough idea on where to invest and earn some form of the dividend income out of your hard earned money be it crypto or some specific investment that you have done.
Before we get into any form of the dividend income. Let's discuss the first point that you have some spare money to spend and you are going to have it the right way. I assume you have atleast 100 USD to spend on something to earn you recurring income.
Binance Earn
A lot of people don't like binance. I get their point of view. But if you can find some money to burn on their system. You can make use of their earn program. You can take a look at the various coins that are up for the few percent of return of investment.
Like say you want to keep BUSD for the investment. You can use it for flexible savings or the savings with fixed percentage. That would be a good start. you can then later shuffle the portfolio based on how much you want profit.
I have currently kept the BUSD into the binance earn. And that has been earning me some good amount of money. As of now. I have not much earned it from. But based on the fixed term I hope it earns me something. So i'll keep you updated on this.
Nexo & Celsius
These are two centralized organization, who offer you some weekly payout for the money or say crypto coin being staked. You can earn some good return for the money locked into savings program here.
You should consider making use of these two based on if you have some money to spare. Like these are the centralized organization. And they can close any day so make sure to not spend much serious money into them.
I have only added 50 bucks as of now with ADA into them. I have no plans to add any serious money into the celius and the NEXO. I personally think that some of the time such type of the apps need to be decentralized if possible.
Hive Power Delegation
I have been on Hive since last year. I don't have much Hive power. You can see that having more hive power if you can delegate. It can earn you some rewards return back as well. You have to find the right people to delegate to. Like some of the curation accounts can be used in that case.
curie, leo.voter, hodlcommunity, tipu, ecency are some of the powerful accounts which you can use for the Hive power. You will earn some good investment into the same as well.
I know many people who delegate their hive power and earning some curation revenue which they use to withdraw or power up back again. Which is a good thing. I personally feel that this is a good approach for investment long term.
Token Holding Dividend
Take example of SmartBCH, Hive Engine and various Ethereum tokens that are out there. You can find that tokens from those crypto are going to be a good option for you to invest into. You would earn good income for staking them too.
Especially the Hive engine tokens earn you good reward for staking. Like tokens like BYT, CL, LBI and few others. Those can make it easier for you to earn the weekly revenue out of them. You just have to buy and hold them. You can spend your earned hive into them.
Token holding requires regular portfolio checkup. You can't just hold them and check once a year. Instead you have to regularly work on the tokens to build onto them. And anything you earn can reinvested or withdrawn depending on your strategy.
What do you think?
These are some of my suggestion for you to invest into the dividend based income streams. And those income streams can be a good income earner. Some of the really good income can be made out of it.
Have you tried some of these suggestions? I'd appreciate your comments :)
How to Handle Financial Stress and Cope with Situations
These days all of us are under some sort of the stress. I have noticed that handling such type of the stress leads to better state of mind. But often we don't have any form of formula or the blueprint to do so.
I have struggled a lot with the financial state of my own. And in that case It has lead to many of the health issues that affected me. I know one thing for sure that handling such type of the stress is the key to the life.
In order to handle the stress we have to find out what are some of the issues that you often face. And find out those triggers before you can attempt to fix most of them as well. So we will try to find out triggers and their solutions here.
So the below content is mostly focused on how I am viewing the stress and how the stress needs to be handled. Let's discuss it and do let me know your views.
Become Assertive
Sometimes we are reacting. And by reacting I meant we are just focusing on our own reaction than what we can think of in terms of the surrounding. We don't think about keeping things in perspective.
You have to also understand that people will continue to snub you on your opinion. But as long as you practice the assertiveness you get to understand how to move ahead. This is something people learn from practice.
You may also realize that in order to practice assertiveness you have to understand the things you can control. And some of the things which are not in your control. This is one way to focus on being assertive from this point onwards.
Start Investment
Problem with financial stress is that you are not letting money work for you. That has to be practiced and worked upon. Unless you do that you would not learn much about getting out of state of mind of financial stress.
You have to invest in such a way that your investment starts paying off to you. Which is something you have to plan on longer terms. So get started with your investment and build your foundation.
You can start investing by first making sure you are practicing the savings. Then make sure to plan your spending. Once you go through that you would be able to get your financial feet on strong ground.
Sleep. Exercise. Meditation
Hindu religion has made meditation a good practice which helps them get on much better mental health. And this practice meditation has made many people mentally strong as they learn how to set the boundary on that.
Exercise is extremely necessary. You have to get your body in shape and sound so that you don't end up affecting it long term with various thoughts and the natural changes that go through your body. So exercise 10 minutes a day.
Sleep is also important as you need your body to rest and recycle the cells that are damaged and needs the repairs. So make sure to sleep on regular hours and make sure to build your health.
Learn Social and Communication Skills
When you are facing stress your body and mind wants you to isolate your own self. And this is a good way for you to develop some skills which helps you to handle the stress lot better with your mindset and the lifestyle.
Social skills teach you to handle the taunting and the various people skills that could help you on the handling people part as well. You may want to understand that social skills are lot important on that front.
Communication skills are another thing that you would have to learn and build upon. When you take care of these two, then being assertive becomes lot easier which helps your stress management skills too.
What do you think?
When you are dealing with one problem, it helps your mind to distribute your energy on management of stress rather than letting that stress have power over you. This does not happen overnight and instead you have to work on the skills.
So have you learned how to manage financial stress?
How Bitcoin Cash Can Help Sri Lankan Economy
I was checking out the international news and wanted to check how the economy in asia is going on. Being an asian, I have noticed that BCH has a huge impact here. I wonder how it would help many small nations for the development of economy.
Initially I wrote an article on leofinance on how crypto can help the economy of various nations like Sri Lanka. I made different points below than that article. Considering Sri lanka is asian nation and I want asia to grow. https://leofinance.io/@esmeesmith/how-crypto-can-change-sri-lankan-economy
So here's my way to point out how Bitcoin Cash should be used in Sri Lanka to improve the finances.
Let's find out what is going wrong with the Sri Lankan economy. The current state shows that the Fuel prices are at the high time in their history. So the food, rent and many other costs are rising as well.
So the economy would take more years to recover unless there are offshore funds or some sort of means for the economy to recover. In such case crypto can be useful for helping the economy.
Start Accepting BCH & crypto in Shops
This is a small step but it all adds up. Every day Sri lanka has a lot of interesting travelers who travel in the nation. And they can pay using the crypto of any type. But imagine if they start to accept the BCH, they could have low fees and also quick transactions too.
Many places like St.kitts and places from Australia, Carribean, New Zealand have already started asking for the BCH in the small shops. And that all adds up. It would move the money quickly in your wallet.
And this would help many small business. And the countries growth would slowly kick in as well. So accepting the BCH in small shops, boats, bars and the food courts can be a good start. I have seen that many places have establish crypto economy like this.
Onboard Writers, Creators, Freelancers from Sri Lanka to Crypto
We have platforms like noise.cash, read.cash and many others like hive. Those platforms have means to earn the crypto. And those crypto can later be exchanged in the binance like places.
Where you can exchange the crypto for the USD. Which means you are in much better financial position when you exchange your crypto for the USD. So start with one thing which is onboarding new people.
Make sure to invite more sri lankan authors. And get them on various platforms which pay you in the crypto like say read.cash, noise.cash and hive. This would be a good start for the earning crypto income.
Govt paying International Loans, Debts using BCH or Crypto
It helps when not just the normal citizen but the govt also gets into the action mode. And they also make the crypto legal tender and start to pay the international debt using the crypto or the BCH.
This would be a good start for any crypto currency to get started with the management of the debt. Make sure to work on that in such case for the citiens and not just for politicians benefit.
As the economy is down most of the changes need to be made by the govt. And also get the people to work on those changes. This is a good start for many people to change their careers, learn about crypto and add some sort of the side hustle that can pay them.
Long term Plans with Crypto
Accepting BCH and overall any crypto as a legal tender is just a start. Long term benefit of those crypto acceptance is long term. You are going to benefit out of it if you plan the growth accordingly.
When country is planning crypto as an asset and working on the global expansion. It helps the nation as well as the overall growth of the people and in turn the nations economy as well.
I personally think that by adding the crypto into the Sri lankan economy, BCH and many other crypto platforms can help the economy and they would not remain expensive nation or the broke economy anymore.
What do you think?
I am not by any means financial advisor. These are just my views. But I feel that the BCH has the power to change the economy. And if done right this can change many nations economy if properly handled.
What do you think? I'd appreciate your comments :)
Content Writing Side Hustle Pays more than Regular Jobs
Have you seen a change last few years? Like some of the content writing jobs have started to pay more than your job in the shopping mall as a worker or server in the Mcdonalds.
You may notice that people who are working on day jobs and spend hours trying to do something are earning less over a period of time. And they also lose the health that they have got in their overall life.
Content writing side hustles end up paying lot more than these jobs. Like you earn little at the start. But as the time goes ahead, you start to make more money in the long term. So today I want to explain why those side hustle pay more.
If you are attempting to do content writing side hustle you may want to try out reading below view of mine to understand further.
Let's find out why content writing is a good side hustle.
Content Writing is Hard but takes less Physical Toll
Have you seen how many people are standing on road right now in their stalls to sell something? You may find that they may also show you how the money earning is harder than anything.
Compare this with the content writing where you have to sit at table and make sure to write down those 500 words or 1000 words for your work. You can compare the results of both and also see how much hard work it is going to be.
Make sure to focus on how much time you spend on any work and then decide whether the content writing is more harder than the other work that you have in your hands. You can decide the rest for your own self.
Content Writing Pays Both - Active and Passive
Content writing can get you active jobs. Like marketplace jobs where you get paid once the article is written and completed. And the thing is here the content writing is an active source for the process. So it pays for active work.
If you write on read.cash, noise.cash and hive. You earn the passive income. Like for your content, you can get votes and the earning works out after. So here you earn through process of actions of others which makes it passive income.
And when you are a content writer, you get to earn both ways. You get to make money consistently no matter which method of earning you get to choose. So that's one of the thing you can invest into. So it should be one of the skill that you may want to try out.
Content Writing Earns Crypto too
Noise.cash and Read.cash has been paying out the bitcoin cash for some time now. Some of the other networks too have their own blockchains. Like say steemit, torum, hive and few others which have their own coins to pay writers.
So when you write for some of those networks. You are going to be earning a lot of interesting income for spending your hard earned money with those networks. This would earn you good money.
When you think of posting your content on the internet. Make sure you are posting in one of those social networks. They may pay you through upvotes which would earn those crypto which can be exchanged at Binance or p2p places for FIAT.
Content writing Opens more Opportunities
When you become the content writer. You become the writer that earns from the active and passive method. So your earning continues to move slowly forward. And this would create your portfolio. Which is something you may want to continue to invest into as well.
New opportunities that come in this process. like some people want you to promote their coins. You may also find that some of the content writers get chosen for the social media promoter and get to be content creator on social.
So like you create your portfolio on the web. You continue to create new opportunities for your own self by writing content. When you start writing new options come up as you continue to write.
What do you think?
Content writing is a good work. You can change your financial state using the content writing. Start doing the content writing and start building your portfolio, new options would open up for you.
What do you think? l'd appreciate your comments into this :)
Personal Finance: Passive Income Streams You Should Try
We are living in the times of high inflation and the cost of living has been increasing every single day. And the thing is that when you don't plan the personal finance you end up with various issues that happen with lifestyle.
So I thought why not list some of the passive income streams that you can try out this weekend and maybe help your own self in the due process. Let's cover some of the easy ones so that anyone can make use of them.
The below list of the side hustles can be done by taking some time out of your life. So I hope that the below information you find useful for your experience and it helps your personal finance.
Here are some of the passive income streams you can try out when it comes to handling additional income stream.
Let's start with something simple.
Rental Income
You must be having something that you can give for rent. Like say room at house? You may have something like clothes? You may even have something like item that can be rented and earn you per day or per week or even per month.
A lot of people give the bike or the car for rent. Some give the house for rent. And some of the other people give other items for the rent. That has helped them earn some rental income. I think that is a good side hustle gig that does not require you to work.
I personally prefer giving out rental clothes, costumes and also some of the machines like say vacuum cleaner or even chairs for the rent. I suppose that can be a good way for you to earn some rental income. I don't know if this works for all but this is worth trying out.
Dividend Stocks
Be it crypto coins or the dividend stocks. If you stake your investment in some of them, they do give you some good returns for the same. Like say some stocks have 2 yearly cycles of payment.
And if you have decent number of the stocks that you can hold for few years. You can make a good income out of them. I have been holding some of the good stocks that can be worked up with for few years ahead.
I personally suggest you to do some research before going for the dividend stock or say delegated crypto or even the dividend based cryptos. Because it would be a good option to think what you can lose or afford to lose before investing.
Start an Online Store
It helps when you get into the business with some serious mindset. Because unless you have some serious intention. Life does not get serious either. You have to be pretty strong with the online income options these days. Unless you do that there is no returns either.
You can start the online store these days. You can even sell on facebook marketplace, whatsapp, telegram and many other similar options. I have used the topic and made content on this as well. But you may have to searech for some local options your own self.
It helps when you also accept the items online with the payments of the crypto nature. You can also accept local cash etc. But accepting crypto would get you more money in the long run. Just make sure to invest that and make sure to take out on right time before market changes.
Content Writing - ebook, blog, newsletter etc.
Content writing as you can see is one of my hustle. I make sure to spend my time into the content writing. And it has started giving me some returns. I have not yet reached the rich point or so but it helps with small amount.
You can write an ebook on the topics that are demand in the market. You can also start the blog and write down about your life on everyday basis. Some people also start the newsletter and write some weekly content that helps people.
I think this can be a good option for you to write on noise.cash and read.cash and who knows it could make you some good income stream as the time goes ahead. It may require some effort but with each time you write and get paid some cash or tip that helps long term.
What do you think?
Have you worked out your own side hustle yet? What are some of the other side hustle ideas that have worked out for you? Do you know how to get the most out of the side hustles that you have currently?
Do let me know your opinion. I'd appreciate the comments :)
How to Succeed with Long Term Planning with Bitcoin Cash
Nobody tells you their secret on success. But that doesn't mean this applies everywhere. I joined noise.cash and read.cash a year back. And ever since I have started taking action. And that has helped me so far.
I am not saying I am rich and successful yet. But I have been managed to push my finances up in order with the bitcoin cash. So here I am going to tell you how to become successful with my approach which is kind of conservative.
So if you lack funds and if you lack money to invest into the crypto then this approach would help you. It may not make you rich overnight but in one year you would do good with the same.
Here I wish to point you out on some of the plans on how to get going with the crypto and the bitcoin cash.
Let's take a look at some of the long term plan of action that you can take while investing into the crypto. So do give this your attention for proper crypto investments.
1. Regularly cash out Crypto
Make sure to cash out crypto when you need it. Because HODL is a choice you make and not forced to do so. Your hodl often helps others and not you. So make sure to take out the funds when you can.
I regularly take out my BCH and make sure to invest into the FIAT. That has helped me pay some of the bills and also make sure to plan for other things in my life. This also means that having the regular cash in hand is king.
So make sure to take out crypto and turn it into the FIAT or pay the bills online. This is one of the ways you can make sure that you are not holding forever in a loop and not making higher in life.
2. Save or Park money in Stablecoins
Sometimes market is not going to be on our side. The value of various cryptos goes up and down. And there is no way you can get the most out of the crypto when it goes down.
Make sure to have a threshold value where you have to park your money into stablecoin. So say when BCH reaches 300 USD you can turn into the FlexUSD or the Binance USD. This would help you with saving the funds.
A saved fund like flex can also earn you some of the income out of the investment. So make sure to do that as well. Stablecoins are good in the bad times like this. I personally have seen how it works with the funds parking so I recommend it.
3. Invest into Stocks, Real estate or Interest based Income
Make sure you use the funds that you get from the crypto in some form of investment. Like say stocks that offer you some sort of the dividend income. You can always invest into it and that would earn you a good income at the end.
You may want to invest into the staking and the delegating type of the investment too. Which may not be that easy but it can get you a good income. You may want to test how this works on networks like hive and steem.
I know it takes a lot for investment and even larger for the investment to work in your favor. So make sure to invest your investment in the right places and that it can earn you good.
4. Keep the crypto income going
Don't stop. Because once you start earning and make enough. You have to keep things going. You have to make sure to take the crypto in the places where it can earn you the right ways.
Say you are earning from hive, steem, noisecash, make sure to keep this earning going. Don't stop because stopping means stopped investment and also the active income.
Make sure to earn 1 dollar a day or even more as it comes. Do not ignore the small tips and donation of any sort. All of that adds up and makes you financially stable later stage of your life.
What do you think?
Have you changed your life yet with the bitcoin cash? What are some of the things that you have tried in order to make money off the bitcoin cash? Do share your experience with the same.
I'd appreciate your comments :)
How to Hit Your Money Goals using Cryptocurrency
Many people get rich by investing into crypto and investing it on time and exiting out of the market on time. It is useful when it comes to having a goal and then working on it to reach there.
There are some of the thing about the goal is that you have to reach them on time. Crypto is one of the investment asset that can be done to hit your goal and reaching those goals on time.
Hitting the goal does not come in an easy way. You have to start from one goal at a time and also make sure to work on the same one day at a time. It is something many people prefer be it crypto or the other form of the investment.
So here I am putting out my views on how the money goals can be reached using crypto currency and it's various modes of investment.
Before you go on reading, make sure to take this in a way that applies your context. Because what I have written may or may not apply to you. So adjust accordingly.
1. List Your Goals
It all starts with listing your goals. Make sure to list your goals and work on it. Every day at a time. Make sure to have those goals placed in a way that your listing works out while you keep a lot of things in mind.
Most of the people who list their goals, gets an idea on how to move with those goals. I know many people who have goals but don't work on it. But watching them on regular basis makes them work on the goals.
So it all starts with listing the goals and then focusing on them in such a way that you are learning to work on them. So before you take action make sure to have them listed where you can see them on everyday basis.
2. Setup Budget and Track Everything
When was the last time you had a budget. If you have no practice of setting budget make sure to have one as the time goes on the budget making habit helps out. And tracking the budget in general helps with the cash flow too.
You can make use of the excel spreadsheet for making sure to see if the budget works out for you. I know many who are making use of the spreadsheet and they log down the spending and also track where it was gone.
I know by tracking everything on time, it helps them with the money and cash flow in general. You can also take help of other people and that is also good enough for you to understand the budget too.
3. Distributing Your Efforts
You can make sure to set your goals and make sure to do one task on them at a time. By doing that distributing your efforts you can do lot easier and better choices with the spending of money.
I know people who think about setting up goal to be rich. But they don't write down the goals. When you write it down and then work on it distributive way. You have lot stronger chance of reaching those goals.
Make sure you do take the efforts. Because without efforts, nothing is going to sustain. All your efforts can go down if you don't work on them. So take effort on one goal at a time. That's how it should be.
4. Action
Now that we have goals. Now that we have plan. But what about action? We have to learn to take action and we have to learn to work on the same. Unless we do that we are not going to be getting any long term result.
So making sure to take action. Make sure to do it in such a way that you get proper idea on what to and not to do. I have learned this from experience that nothing beats the action in our life. We have to plan for the same.
Make sure to take action. It may not happen immediately. But with action everything happens eventually. You just have to build on one thing and then next and so on stacking up your efforts.
What do you think?
This is my view on how you can reach some of the financial goals. This would get you an idea on how you can reach such goals if you do the goals and the actions on the same time. This may take some time but you can definitely do it.
I'd appreciate your comments reading this. Do let me know in comments :)
How to Avoid Money Mistakes in Crypto and Personal Finance
Most of the time we end up with the monthly finance issues. And so what happens is that some of the personal finance problems surface with a lot of things that we did as a mistake pop out.
Personal mistakes often cost us the money. And the thing is that having those mistakes cost even further cascade of the mistakes. So here I wish to highlight some of those mistakes and how to solve them.
Crypto is a new asset class that people are investing into and it may take time for many to invest into it and plan for the same. Now a days people invest based on the news and the social media suggestions.
So here I am going to be listing some of the money mistakes that often people make when investing into the crypto and personal finance.
Let's take a look at some of the common mistakes that people do when it comes to the personal finance.
Mistake 1: No Retirement Savings
One of the most common mistake one can make is not plan for the retirement. And that means the planning has to be done through the right means. I have realized that some of the times not having money to pay for the medicine and the food is what leads to more or less issues.
And people have to plan on the retirement plan from the start of their career. You can see the that retirement savings requires the enough power so as that in old age you don't suffer on earning more part of the income.
You can do so by planning on the fixed deposits, crypto, real estate and the other forms of the investment for the retirement. I have seen that working out for many who want to try out the retirement savings for the plan of say at least 20 years before retiring. So we have to never make this mistake.
Mistake 2: No Emergency Savings
You may get sick plenty of times before getting old. And you have to plan for those emergencies. You have to also think of various accidents and the doctor appointments too. In that case having the funds for the emergency as well.
Emergency savings can change your life. All you have to do is make sure to plant your savings on the right places. And then make sure that when you need the money you are easily getting the funds out for paying.
Savings don't get build in one day or night. You have to make sure to keep 6 months of savings first. Then push that limit for the 1 year and then 2 year. This way you not only build for the emergency but also invest for the future.
Mistake 3: No Budget
You need to have a budget for your financial affairs. Period. You can't have random spending's and expect the budget to work for you. Sometimes you need to think of tracking the spending and also investment for long term.
Make sure to have a portfolio of the stocks. And not just for the stocks, make sure to have the crypto as well. You can make sure to add some of the stock items into the portfolio and regularly track for how it is performing.
You may notice that having budget and following the same would give you much more control over your money. And this in turn makes it easy for your financial life. This way budgets can be planned properly too.
Mistake 4 : Not tracking Spending. Not reducing Spending.
You have to download apps which allow you to track the spending. You can also track them through bank apps. But having generic app that tracks all forms of in and out of money always help you with the funds.
Tracking gives you an idea on whether you should be investing some of the items this specific way. Not just reducing spending but also crypto investment helps as well. Some of the time having the tracking the money flow in the app helps out as well.
Make sure to track the spending through apps or form of book. This way you know what to do with your budget. And some of the time this would help you get an idea over your overall financials too.
What do you think?
These are some of the common mistakes that you would face when it comes to making money and handling the finances. So here I am adding some of the options for you to learn from. Hopefully it helps you on that.
I appreciate your comments on this content. Do let me know below :)
How to Use Crypto that does not Block You Politically
Recently Venezuela was added to the list of the countries which were blocked since the Ukraine vs Russia war. And in the process where the centralized community blocked many nations in the due process.
I think crypto community taking the stance against Russia is a good thing but trying to enforce the centralization to combat the isolation tactics goes to show crypto is not that safe.
But that is not the case with every wallet and cryptocurrency. In such case you can see that crypto can be a good option for various set of the isolation and financial blocking scenarios.
I have thought about writing in this topic which can be a good option for the people who wish to use crypto and avoid centralized coins and the blockchain.
So let's discuss how the decentralized coins can be of use in this context.
Some of the cryptos with centralized mindset and the network are limiting people from Russia and also the nations which helped Russia or abstained from voting against Russia.
In this case it can be bad for the crypto that is acting the network decision like this where they take the side. The money should be decentralized in this world no matter who is owning the coin.
Bitcoin Cash didn't discriminated Against Anyone
Sure some of the people who are into politics wanted to take side. And they did. They even collected the funds for the people of Ukraine. But they didn't blocked the address of people who wanted to accept the money.
This goes to show that bitcoin cash does not have the people who want to control the citizens of the world. And they want the coin to be freely moved from one point to another and not taking side of any country in conflicts.
This is what the crypto and the money should be. No borders for the money. Only acceptance. No discrimination of any type. All that you have to do is send and accept as per your requirement. That's what it should be as well.
Bitcoin Cash Community Focused on the Adoption
I didn't noticed any form of the resistance against war or the either side. Instead people just expressed their opinion and then moved onto their own ways. So that goes to show the point about the direction.
People from the community wanted to focus on the adoption. like who is using the BCH and what they want to do with the coin. That is what the people in the BCH community needs to focus on as of now.
Adoption is a necessity. And the thing is that adoption is what is required for the understanding of the movement of the money. BCH if adopted in more places it can have a good value.
Bitcoin Cash is NOT part of the Sanctions
The beauty of the BCH is that it is not under any form of the sanction and there are no extra fees that would go with the BCH. So the lack of sanction means anyone even from the war zone in and out of the countries can use it.
Like you are not isolated from the world when you are making use of the BCH. And the thing is that BCH is always going to be in demand if more and more people use it. And the wars and borders won't stop it.
So the sanction based nations should make use of the BCH and that would start a new economy in itself. I know many people who would benefit from the BCH adoption in places where the economy is isolated from the worlds.
What do you think?
Do you think the BCH is going to solve some of the network and the donation related issues? Do you think people and the countries which are damaged with the money sanction can use the BCH?
What do you think? Is there any chance of improvement of money and it's decentralization if BCH comes into the circulation more?
I'd appreciate your comments. Let me know in the comments.
How Much Money Do You Need?
Sometimes we don't know what we want and how much we want. And so we end up in a scenario where we ask our own selves how much do we need. Let's apply the same concept to the money as well.
Do you know how much money will make you happy? I am sure you don't know about that. You need to understand that you need to draw the visualized line on what are some of the things that you need in your life.
Another thing that you need to understand that having money and thinking about ability to spend the money is something you have to plan properly. That visualization shows you the "want" factor. You can't just magically think about you would be having it or not having it unless you view that way.
Knowing the exact number always helps. You need to have a particular number in mind before you can draw the line for how much of the money that you need. So this post is about the discussion on how much of that money you would need.
So let's discuss how much money do you need.
Food
One of the important thing you should consider for the spending money is the food. Never ignore this as it is one of the important thing in our life. Without food we could not eat. So the food is something you should not ignore.
Your first priority whenever you make money has to be about the food. You have to save money and then make sure to have the pantry ready for the food. And the thing is that food should never be ignored.
Always keep some money aside for the food. Like budget your month. Include the junk food, healthy food and daily routine food into it. Never ignore the food part of your money. Make sure to factor in your budget for that.
Shelter
Another thing you have to watch out for is the shelter that you can build. Make sure to have some sort of place to live in. Like it could be rented place and another could be the purchased if you can afford.
If you can't afford it as of now. Make sure to save the money so much so that you can afford the money to rent the house. And the thing is that you would earn a good money out of the place renting to others if you have ownership of multiple of that.
A lot of people don't budget in for the shelter as in place to stay. Make sure to think about renting and buying both. If you can get it properly managed then you would understand where the money can be managed better when you have roof over head.
Clothing
Most important thing if you are a man or even a woman. Because you have to be presentable and not wear something that looks ugly. So make sure to have the clothing planned for yourself.
Make sure to set aside the money for the clothing. You can also schedule the purchase of the clothing on the seasonal basis. This way you would understand where the money can be moved.
Clothing is another essential thing and it should be under your control. you need to know the fact that it is one of the place where your money should go long term. You have to plan the budget accordingly where the clothing is a part of it.
Needs vs Wants
Now let's come to the needs vs wants part. You know the essentials and the way things can be done with the essentials. You have to understand that beyond the essentials you have to focus on things that you want and what are some of the things you would need.
Once you understand how to plan them. You can think of those things accordingly. Make sure to set aside your money so you know how to spend it the right way. For example laptop is a need but the apple laptop is want. So you have to factor in the available money.
Unlike most of the people we have to plan the need vs wants by taking a look at our budget and then planning the same accordingly. When you know how to spend and how to direct your investment you get the idea.
What do you think?
How do you plan and spend your money? How do you give the direction to your money in this case? Do you have any specific way to deal with the money?
I would love to know your comments in this topic. Do post your comments :)
How Bitcoin Cash Helps Against Sanctions and Isolation
We all know there is a war going on. And the America is using the centralized tactics to deal with this. Which goes to show how the America and EU can cause the problem for small nations.
As for the Asians, we know today they can use Russia tomorrow they can do this to us if they want to invade us. So having sanctions is definitely not going to be helping long term.
So the bitcoin cash has a good space where they can help against the sanctions and the various set of the isolations that could happen over the years. It's a good coin that does not discriminates.
In this post, I want to document how the BCH can help when your country gets sanctions against centralized govt and the various manipulative imperial economies.
Let's see how this is possible with the bitcoin cash cryptocurrency.
BCH is good When USD is Not Incoming
So your country has the sanctions and there are no USD coming to your nation. And in such case the thing is that BCH is something you can always look upto for your transactions. Here no USD or GBP is going to be controlling you.
It's good because it goes beyond the borders and average citizens can make use of the same for the money and other things across the borders. Nothing is stopped when we are dealing with the BCH despite having sanctions.
You may also notice that the money that is always depending on the USD reduces it's dependency on the USD and you get to control your own economy outside that. So the BCH has much better approach of doing things when USD is out of picture.
BCH is good when Propaganda Happens to Country
So all the nations do the anti trade against you. What would happen if limited number of nations want to work with you? In such case BCH continues to work and it works better as you can spend it, use it and also manage it without anyone controlling it.
Let's assume some reason burned up and all the countries in the world start to vote against you. And that leads to the BCH in question to work for you. And there is nobody to stop you. You get to spend the BCH easily.
You are not going to be controlled as long as you control the BCH. You can even apply the same logic to any other decentralized currency. I have seen that approach working out fr many similar currencies too.
BCH doesn't take side, It's people who take sides
Like any other natural thing, blockchains don't take side unless the people behind the same take side. In such condition you have to think of the blockchains that are decentralized.
Find out which are some of the crypto which are good for taking the decentralized approach, I am sure like BCH many other crypto qualifies too. Start using them and avoid having to take any side for the coin.
BCH never takes side for you. It allows you to send and accept the money. And from there onwards you choose what to do with your approach for the same. Start focusing on it as a money and not fall for propaganda.
BCH is What money should be. No Sanctions. Just money.
Money is good if it is not behind some propaganda. Make sure to use it the way it is meant to be. BCH is one such good money use case. You can use it for various set of the operation that can work for you.
Your money should not be restricted. No matter what anyone says. War or no war. Your crypto should be open. Make sure that you support such scenario for the BCH because we don't want the crypto to stop anywhere.
BCH is not supposed to be stopped. It should continue to move in the way it is meant to be. I have noticed that some of the time money needs to have direction. By having sanctions then the thing is that BCH is something can go beyond sanction and work.
What do you think?
Sanctions should not stop any crypto. If it does then that crypto is a centralized in some places and people don't want that. Because the sanction is something that needs to be removed for money to move. BCH can solve this problem as well.
What do you think? I'd appreciate your comment.
How to Set Up a Freelance Budget
Freelancing is one of the hardest thing you can do in your life. You have to literally chase every opportunity and make sure you are moving ahead in your life. So budgeting comes naturally.
However a lot of freelancers are not aware of how to budget and how to chase new clients managing the budget and adjusting as the money flow comes in and out of our bank accounts or crypto accounts.
So in this article, I wish to put down some of the points that you can make use of for the setting the budget for your freelancing lifestyle. And we can also get this approach towards from as simple as being a freelancer to being fixed income mindset and adjusting to multiple in and out of money.
Let's take a look at some of the points that could help you with setting up a budget for your freelancing lifestyle.
**Action Plan:** Make sure to go through various points that we have laid down in here and see if you can adjust your budget in that. Freelancing is never going to be any easy and we have to learn to adjust the same.
Income Sources
Freelancers never depend on one income source. If you are one then don't depend on one income source. Make sure to put your eggs in multiple basket. Like earn from crypto, earn from the stock income.
Make sure to keep your income sources running. Like you have stock income coming in and also staking the crypto earns you some income. So the sources needs to be moving even when you are not.
This approach to the income sources allows you to make sure to adjust your mindset towards the income flow. So if you are a freelancer pay attention to the income sources and then start building your next steps.
Spending & Tracking
How much do you spend on things? Do you keep track of that? How do you keep track of things? Make sure to have some sort of mechanism for you to track the spending. This way you get an idea.
There are plenty of apps that keep track of your spending through the SMS and the other means like getting OTPs which are from the payment system and this is used to track. Which helps them with spending and tracking.
Tracking is always an important thing to do. Make sure to find out where you are going and what you are spending on. This is something you learn from hits and misses. As something like this does take time.
Planning Investment & Goals
Why are you planning on investment? What are your goals? What do you plan on achieving? Something like this needs to be understood as well. It is what makes it easier to chase the goals.
Investment requires the ladder like approach. Where you have to plan things. You have to setup goals and also manage the investment on time. Some of the time that does not happen overnight.
You have to focus on the goals. You have to understand that having goals, working on them and then doing your investment accordingly is what is necessity. Something freelancers take years to manage and work on as well.
Progress. Adjustment.
Not every day gets you new job. Freelancers have to constantly check for new job and work on their goals. One day it could be a good progress and another day it could be something that gets their bank account dried.
That refining requires some level of adjustment. Progress does not happen overtime. You have to wait for many variables to work on. And also adjust as the time goes ahead as well.
What do you think?
Sometimes we have to change strategies in order to make better budget. Life of freelancer people is always on a roller coaster. And so we have to understand that things change as cashflow changes.
I hope you found my article useful do let me know your opinion. I would appreciate your comments :)
How to Achieve Financial Freedom using Crypto
We all want to be rich and abundant financially. But very few among us would be able to reach to that level. So how do we get to achieve this freedom?
Financial freedom means you don't have to struggle to get the job or the business. Your investment and the current set of the cashflow is paying off for the lifestyle itself.
This can be done using the crypto. Your investment in the crypto and regularly taking out such assets can be useful for your financial freedom.
In this post, I want to put out some of the financial freedom options using crypto that you can check out for achieving the success along the way.
Before we can even decide to be financially free we have to find out what it means for you. Does it mean leaving your job and the work? Does it mean passive income?
So based on what you consider as financial freedom you have to manage those investments accordingly.
Staking Crypto
A lot of cryptos have an option to stake the coins. Say coins like Ethereum, Solana, Avex, Polkadot. A lot of them are allowed to be staked and you can then earn some rewards for holding in a staking pool.
Each of such staking pool has fixed or floating percentage based on the market share. And that would be reflected in your output that you would be making use of later.
There is one thing about staking crypto. You don't have to do anything other than locking your assets. That is one risk but you have to take some risk in order to earn something out of it.
You can also stake Bitcoin Cash in places like NEXO and Celsius and it would be earning you good amount of earning. I have it staked and it gives me a good amount of return too.
Stable Coins
There are some of the stable coins which make it easier for you to hold the money during the tough market times. I always advise other people on investing into them.
Like if you hold your assets into the Binance, saving the funds into the BUSD which is a stable coin is a good idea. You would be able to manage the fluctuation during the odd times of the market.
You can also invest into the FlexUSD token. In past I talked about it plenty of times. These two coins - BUSD and FlexUSD can be a good option to protect yourself in a market.
Having proper funds into the stable coin can be balancing with changing markets. No matter how much taxes or the funds that go up and down, your funds would match the USD.
Risky Crypto Assets
There are some of the coins which are risky. I don't have any specific favorite among them but you can get the conceptual idea about those crypto assets.
You can invest into them but you have to understand the fact that they are risky for a reason. You have to spend a lot of money trying to understand the timing to sell them.
You may also notice that risky crypto assets can take some time to give you good returns. Find out if quick selling leads to profit or holding them long term leads to the profit.
Make sure to time your assets and plan the investment in such a way that risky crypto asset can be useful in context of your overall investment.
What do you think?
Getting financial freedom means you have to time your investment for regular profit and also you have to make sure to get some passive income out of them.
So when you have those two sources properly planned out. You can easily understand the fact that it takes planning and years of patience. In order to reach it your actions decide how you will get there sooner.
What do you thin? I'd appreciate your comments :)
@esmeesmith
