In the Philippines they have a term they call 'Lobster Mentality'. They say that everyone in the Country is a Lobster. They are all in the pot being boiled. Some try to escape only to be brought back down by others. They say that if only one person could escape they could help the others out!
Well... I want to be the one to escape! Then reach down and help another out. Who in turn helps another and so on. In that way everyone wins!
However, I can only do what I am doing because I've worked diligently to be financially secure. I have enough and at this point I have two options: Try to be richer (what most people do) or enjoy what I have and try to help others become richer (what I dream to do).
The problem is this:
- If I give someone a gift they don't work for it is usually unappreciated.
- If I try to give enough money to help everyone I'll end up with nothing myself and have no ability to help others.
Which is why I want to be an example of how someone can work themselves.
As a Christian I believe we are supposed to be an example for others. That's my goal and God willing I'll attain it.
Or I could crash and burn.
I'm really not cut out to be a blogger....but I keep trying anyways 🙃
Necessity is the mother of invention. The need to blog pass your message through blogging will only make you a better blogger.
It's good to establish a chain that works to pull others up but like you said, you have two options, running dry or getting richer (what others do versus your dream) and unfortunately, your dream could run you down with the heart of gold you own to help as many people.
Perhaps we'll go back to the chain, a friend of mine, @takhar recently wrote a post on the Flywheel structure in Business see post here
Perhaps you just need to identify that fulcrum that'll bring about the dream you desire.
Thank you for always
Thanks for the mention bro! It seems like a hard decision to make between running dry and getting richer. But I think it will be good to prioritize ourselves first, walk the path of getting wealthy, achieve it and then talk about helping other people also walk the path or something else related to that.
For me, running dry is really not an option. Because I could see it turning into a vicious cycle where it becomes hard to get out of. It's could also be at the detriment of my own self.
This is an interesting topic that many people face at some stage in their life journey.
Awesome view. One option is definitely a no go area
Hehe... I specifically won't let myself be drawn down. That's why I like HBD. If I was to have 10,000HBD the interest would be about 2000HBD yearly. In Naira about 1.5M Naira/year. That amount would be over 100,000 Naira monthly. Far more than minimum wage and what I'm hoping would be a marginally liveable wage for one person.
I could hire a person forever without touching the principal and dragging myself down.
Now if I can get that person working making some money to re-invest in more HBD (or other investment) then there comes a time when I can help a second person and then continue the chain.
I'm using HIVE because I can have my investment and use it too :)
I will look at the Flywheel structure of business later tonight though. Off to a movie with friends tonight.
Interesting thoughts
Enjoy your night out sir
Hello @terganftp :)
I think that's a great strategy you have here with HBD. One could literally retire from work in the traditional sense and earn passive income from the 20% APR when enough HBD is saved.
And the snowball effect could begin from their in which the interest could be used to build other investments and passive income streams until you have more funds coming your way. I think that's a standard path that the wealthy use and it's a bit mind blowing that we could also do it now on another scale with HBD.
Hive is truly a great opportunity that many have realised the impact it could have on their lives if they stick with it for some years. I see blogging as the gateway or entry point. But the Hive ecosystem is really much bigger than that.
HIVE is so much bigger! However my first goal is crazy enough when I tell people. If I was to go deeper into its possibilities people would think I was truly insane... so one thing at a time. Thanks for the response 😀
Indeed! it can be that way sometimes, we have big ambitions and goals that we want to achieve but it is good to take things none step at a time. That's what I like to do in most cases.
You're most welcome :)
I had to snicker a little....
I like to procrastinate but doing things none steps at a time and I'll never reach my goals.
I've been thinking that your flywheel analogy is a good business model. I think I prefer a community or solidarity model. One person can't do much, but a community can accomplish huge things.
Another analogy...One soldier is easily defeated but a good platoon can change history.
But that's a post for another day ;)
And just remember.... none steps at a time.... hahaha 😎😛🤣
(no offence meant. I just needed to share the smile you gave me)
Absolutely, a community model can work well when all members of the group have a shared vision and are working towards a unified goal.
I think there's power in numbers and the soldier and platoon analogy is a good one :)
Haha, how would none steps at a time look in practice? We have to take steps at some point to move forward.
Your resilience to blogging is second to none, have you realized that not are able write a content of even 5mins read?
It is always a struggle for many but look at you making voluminous contents just to impact lives.
We have many lazy readers here 😅who find it hard to go through large contents as these else we would have had more people engaging on your blogs, there is always something to learn therein.
Hehe...
I know I'm a terrible Hivian. I'm supposed to write short easy to read blogs but I'm trying to keep things short and they still end up long.
Thanks for your kind words though. I do appreciate it.