Let's say that you had the ability to earn $10,000 per month passively. Your income was a 100% guarantee. Let's assume that your expenses are lower than $10,000 per month.
What would you do with your time? Money is no issue. You no longer have to work and now you just get to do whatever you feel like doing.
This is an interesting thought experiment that I saw on Twitter. I think there is a lot of value in running yourself through this. Whether or not you have the ability to earn $10k per month or will ever have it in the future, the ideas you'll get from thinking about this may prove invaluable.
$10k Per Month
We're in the crypto industry. With things like Bitcoin, HIVE, LEO that offer massive asymmetric upside, there is no telling where your life can go.
Using Web3 means that you're layering even more opportunities on top. I know several people personally that have completely changed their life thanks to crypto. Earning $10k per month passively would've seemed like an absolute dream to them. Then they got into crypto, made a bag and learned how to lend out their money and deploy it to earn interest in various ways.
HBD savings now offer 20% APR. This means that chasing after passive income is 10x easer for anyone who is an experienced Hiver. It's as easy as making money, converting to HBD and saving it in your Hive account.
Hive has always been the Blockchain of Opportunities. Actually, if you go back in time, I wrote a post about this.
Hive is the ultimate place to earn income on Web3. That's not the topic of this post, but it feels important to talk about. A lot of people will hit a question like this and say "yeah cool, but I'll never have the ability to make that kind of money every month". Crazier things have happened, frens.
What Would You Do With $10k Per Month Passive Income?
One of my favorite parts of this Tweet was actually reading other peoples' responses.
People have a lot of aspirations. They have things that they want to do in life but feel hampered because they have to work their 9-5 and pay their bills.
I find it interesting that people have so many cool aspirations. You may never think it, but a local grocery store bagger might have dreams of flying to Japan to meditate, eat ramen and enjoy a good life of adventure.
We often limit ourselves.
Limiting Beliefs
Limiting beliefs drive much of life. Sometimes they're good - maybe you look off the side of a cliff and tell yourself its too steep to jump. That limit might save your life.
But we often take this limiting belief into things where we shouldn't. A lot of people will sit around and say that $10k per month isn't feasible. Thus, there is no point in even thinking about it.
Instead, think about it. What would you do if money no longer mattered? If all of your expenses were covered by a magical check in the mail every single month.
All things paid, no worries. Do whatever you are passionate about.
Following this exercise might teach you more about yourself than you think.
What I Would Do
I'm blessed to be in a special situation in life. I worked hard, I saved money into Bitcoin for the past 7 years. I got into Ethereum early. I've been obsessed with projects like Hive and RUNE for years as well.
I love trading and I tend to be pretty decent at it. I invest in projects that I understand deeply and create a long-term belief about them.
All of this has allowed me to be in a position that is not unlike this question. I don't have to work for my bills to get paid.
Instead - for the past several years - I've been able to build things that I enjoy building.
I wake up and spend my day grinding. I build the LeoVerse. I still trade and invest. I read a lot of books. I write a lot.
These are the things that I know I would do if money was no object. If I knew that the magical check was coming in the mail every month.
Guess what? That magical check does come. I do get to do these things. I know that this puts me in a very small group of people, but I'd like to believe that I have done something with my life in getting myself to this point.
If I could go back in time and dream of what I wanted to be and do in life if money was no object it would be to:
- Take care of my health - workout, eat well, etc.
- Take care of friends and family
- Build something I'm proud of that contributes to an abundant future - the LeoVerse
- Read
- Write
- Travel
I get to do all of these things. I live the life that I dreamed of when I was younger. It wasn't an easy nor straight path to get here and things aren't always perfect and sunshien and rainbows.
BUT... I wouldn't trade any of this for the world. I love what I do each day when I wake up. I spend my time dreaming up new features, engaging with my friends on Threads, investing, reading, writing, building cool technology and designing tomorrow.
What Would You Do?
Leave a comment below. I'm really curious. We all have a unique story in life and I had a ton of fun reading other peoples' answers on this Twitter Thread. I would love to hear from Hivers and LeoFinancers about what they would do in a position like this.
It's amazing to get to build and do what you love each day.
https://twitter.com/Route2FI/status/1642267893608972290
- Route2FI
About LeoFinance
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage & share micro and long-form content on the blockchain while earning cryptocurrency rewards.
Our mission is to democratize financial knowledge and access with Web3.
Twitter: https://twitter.com/FinanceLeo
Discord: https://discord.gg/E4jePHe
Whitepaper: https://whitepaper.leofinance.io
Our Hive Applications
Join Web3: https://leofinance.io/
Microblog on Hive: https://leofinance.io/threads
LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a
LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP
Hivestats: https://hivestats.io
LeoDex: https://leodex.io
LeoFi: https://leofi.io
BSC HBD (bHBD): https://wleo.io/hbd-bsc/
BSC HIVE (bHIVE): https://wleo.io/hive-bsc/
Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms
Web3 & DeFi
Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:
CubFinance (BSC): https://cubdefi.com
PolyCUB (Polygon): https://polycub.com
Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io