How Crypto and Blockchain Technology Have Impacted My Personal Finance

in LeoFinance •  2 months ago  (edited)

Crypto and blockchain are changing the face of personal finance for many, and I'm no different. As you can see in my avatar, I'm not a young one, and I thought I was a lot closer to retirement than I was a starting new new career. But I might have been wrong.

Building Passive Income

I started my new adventure in the cryptoverse with the goal of building a small nest egg of cryptocurrency to help me enjoy my golden years a little more. But instead I find myself digging in and really enjoying all the different aspects of cryptocurrency. Learning about it, buying it, selling it, mining it, and even playing games with it.

What went from a hobby has now turned into a life goal. I'm working to build my passive crypto income, and the Hive platform is providing great tools for that. Most of my earnings from other opportunities are now being funneled to my Hive account to help build my HP, LP, and dCity.

I recently found LeoFinance.io and have started to have some success blogging about cryptocurrancy, #Hive and #Leo. I'm still just getting started but have seen a steady growth of HP and LP and my rewards per post. Looking forward to seeing how far I can take this!

A Later Bloomer

I'm a bit of a late bloomer when it comes to crptocurrancy. While I was aware of it I really didn't start trying to earn it until this summer. It has been a blast of a ride so far with so much more for me to learn.

While late to the cryptocurrancy game, I'm not late to personal finance. A lot of the knowledge and wisdom that has gotten me to a breath away from financial freedom should help me navigate these uncharted waters. I have tried to live by a few simple rules for finance and they have done me right so far.

  1. Save as much as possible on everything
  2. Buy assets
  3. Don't buy liabilities (expensive toys)
  4. Don't buy on credit

Transitioning, Not Retiring

So as I look at where I am now, and ask myself "How has Crypto and Blockchain Technology Impacted My Personal Finance?" just 5 months into this journey, I have to say I think it was really messed up my retirement plans - but in a good way.

Now I question if I will truly ever retire. They always say, "Don't retire if you don't have a hobby." Well, for me making money is a hobby. I truly enjoy it as much as some might enjoy golf.

I can certainly see myself moving from a 9 to 5 job to a full time crypto blogger. I will be hard pressed to replace the salary, but at this point, I'm more interested in enjoying what I'm doing and letting the earnings come from that.

This post is part of the #CryptoFinance Initiative. Click here to find out how you can participate and help spread the word about Hive and LeoFinance.

Drop a comment below and share how crypto has changed your life.

The Crypto Oracle

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Hey @captaincryptic! I think we are still early, most people I know have heard of Crypto but don't have any and most only know Bitcoin by name. I like your recommendations:

  1. Save as much as possible on everything
  2. Buy assets
  3. Don't buy liabilities (expensive toys)
  4. Don't buy on credit

I'm going to follow them.

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I hope so! Still wish I had mined some bitcoin back in the day...

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Me too! I heard about it around 2014 and I remember I tried mining but I did not have a great computer and my parents would kill me after checking the electric bill. hahaha. The good thing is that we are here and we can put action.

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Sounds like a really awesome journey. I am glad that you have found a place where you get to share it with everyone. I am probably closer on the spectrum to you than a lot of these youngsters that are out here. I am super happy to be involved as much as I am. I really feel like we are on the edge of something awesome and that is a cool feeling. Good luck with everything moving forward! Passive income is really the best!

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Thanks! See you on the chain!

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Well I think you know I share your approach entirely to generating passive income sources.

I tend to think of Hive (and my other blog) as 'passive-ish' - they require some attention on ideally a daily basis, but not enough for it to be a chore, it's kind of like having an allotment, very much a retirement thing I know!

You can leave them alone for a week with not too much harm being done, but it's better to do a little each day.

I still don't know whether I regard Hive as work, leisure a compulsion or what!?!?

You know I think I'm going to write an entire series in response to this post I'm really in the mood for it!

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I'm getting a little compulsive.

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yea, the passive aspect is also part of my journey but I started in 2017.

My BTC is my retirement as well, I buy 150 bucks per month independent of the price and this sits in an interest bearing account either in celsius, Nexo or blockfi earning 6%

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I'm using blockfi. I like it so far.

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Great advices for anyone who is new to crypto. It's never too late to get involved with something and age certainly doesn't matter as long as you enjoy what you are doing!

Cheers man, great read!

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Better late than never that is for sure. Cheers!

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I had never considered making money as a hobby. It makes sense. As far as hobbies go, I have gotten into amateur radio, blogging, making videos, podcasting, and other things. I never seem to do them all at the same time. I tend to focus. Getting on the crypto train, I really haven't made much time for my other hobbies. I guess this is my hobby.

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It is a good hobby to have. Most cost money, this one makes it.

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I have always heard about Crypto games such as Spinterland but I don't know how it works or how to even go about it. Reading from your post, I guess you have ventured into that aspect as well while still blogging and getting a lot of knowledge about Crypto.
I have little knowledge about the Crypto world but with time I am slowly learning and adjusting and I can also say for sure that it has really impacted and helped me in so many ways.

Just like you said, we should enjoy what we do and that is the primary thing, I am glad you enjoy what you do on the crypto planet.
Keep blogging!.

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Thanks, and good luck!

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i hope you reach your goals! Being a crypto blogger would be awesome for everyone in here, especially if they get rid of their 9-5 job which in man countries is like 9 to 5 + 2/3 hours without pay!

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If you can live from the blogging ... I would say "Go for it", but my advice is not given objectively, it is more my own wish! Great accomplishment tho after just five months!

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