Rich people buy time, poor people sell time...
I don't remember who exactly left this marvelous quote run out in the wild, but it makes so much sense to me. I have never been a rich man. I couldn't also say that I was ever poor, but I have had my share of rough times and financial challenges...
However, ever since I got into crypto and started investing(had no prior experience with investing whatsoever till crypto) I realized the true meaning of the above quote. Poor people really sell time and I have quite a few examples around me(not necessarily physically near) that have sold plenty of their valuable time for cheap.
I have tackled the topic of taking credit for peanuts, on my blog, quite a few times in the past and I still stand by my statement that the best use case for bank credits/loans is for investing purposes and not spending. I see, however, so many co-nationals of mine taking credit for cars they can't afford, gadgets, and even homes for which they pay with many many years of their lives.
The way I see it, buying time translates to making money work for you either through interest, dividends, trading, investing, or whatever, and selling time is when you work like an ass to make ends meet and end up in debt on the way, just because you want more but can't afford it.
Five years ago I returned home after a few good years of wandering through the country and abroad switching between jobs that I hated(most of them), and after quite a few years of almost continual work, I ended up having some decent savings to spare me from work for a few good years ahead, but also dealt with some mental health issues that were caused by stress, forcing myself into doing what I didn't like and so on and so forth.
The time from the year 2017 to 2019 has been terrible for me, a couple of years that I really want to remove from my memory... However, in the middle of every difficulty lies opportunity and in early 2018 I stumbled upon Hive, and little did I knew back then how much of an impact this thing will have on my life.
At that time I knew there was no going back to any type of work that I wouldn't like doing cuz that's what actually messed me up so severely. I had an unconscious search towards something "off-grid" but didn't really know what. When I found out about it(Steem) I thought I could really be up to something with this thing and since February 2018, not one day passed by without being active on this blockchain.
It took me about three years before I actually managed to monetize my content so it could make for a full-time job, but despite monetary satisfaction, this fucking blogging account of mine played a significant role in my healing. It kept me busy, it gave me goals, a community to interact with, and a prospect for the future. It was and has been a road opener and not a ceiling to hit your head into.
I only once felt like quitting in my entire experience with Hive, when Sun took over Steemit, but once the hardfork was announced I knew a new era opened up for us. Hive is a relatively new project, but despite that, it has managed to develop itself exponentially when compared to Steem. HIVE token has not yet reached the ATH of STEEM(something like $7) but it will.
The next cycle in crypto might fuel the transition from web2 to decentralized social media apps and economies en mass and Hive shall benefit from this trend. Now we are still in a bear market and tbh living off my earnings on Hive is almost mission impossible. I am still left with some cash aside and don't feel like quitting or getting into a random job out of desperation either.
My gut feeling tells me we're a few months away from the bear market's end and that means that once again HIVE token's price along with the other HE tokens shall once again start to appreciate and make the life of full-time bloggers such as I am a bit better.
It's not the market's fault for my poor performance right now, though. I take credit for "my poverty" entirely because I refused to take profits when I should have. Now I have a plan and I'm going to stick with it. Part of the plan is to put at least $15,000 into HBD savings by the end of the next bull cycle.
That way I will ensure myself a tiny passive income that would pay some bills and ease the pain of a potential future bear market. It's not easy to be a full-time content creator, no one said it will, but considering we're in the early stages of blockchain technology I'd say it's worth hustling, and to me personally, my experience with Hive has been healing too...
Enough for today, though. I doubt too many have read this post till the end anyway :). I wish you all now a happy Sunday evening and see you all next time.
Thanks for your attention,
Adrian