Hey Jessinvestors
In my 3 decades on this planet, I’ve only had 5 years or so of work experience before heading out and doing my own thing, and it’s been good! I wouldn’t say I’m particularly good at being an entrepreneur, nor was I terrific as an employee; to me, it’s pretty much the same concept!
Open up the PC smash a few buttons on the keyboard, and after 22 workdays, you’ll get some numbers in your bank account you can use to feed and clothe yourself.
Hardly riveting stuff there; the modern slave Labour may seem different from our industrial counterparts of the previous generations, but it’s got a lot of similarities too. As an in social or business, your goal is to make money, be it pieces of paper or numbers on a screen.
This so-called currency is what motivates us to get up every day and do tasks throughout the day so that we can pay for our ever expansive and expensive existence.
Work/Labour has its limitations
We all want to be paid more for our time and labour, but there is a limit. Eventually, the service you provide or the product you create reaches a price that people aren't willing to pay for and would rather live without or move to the competition. To me, it's something people don't realise or think about, and we live on the basis that EVERYTHING must go up forever; it's like gravity doesn't exist in the fiat world.
So if the work we do has its limits in terms of earning capacity, how do we keep up with increased prices. Remember, you may be putting up your prices, but so is the next guy or girl, so do you really earn more?
Humans ability for hedonic adjustments means we don't actually realise the value we lose or gain because we're too focused on the numbers we're using to measure things. In other measurement systems like temperature or length, the measuring unit remains the same, but with money, it's different, and we've yet to realise it.
We'll those that have, position themselves on the side of inflation and hold assets and those that don't pay the price for the change in the unit of measurement each year.
Becoming a good capital allocator
Since the monetary system is so broken, we now require EVERYONE to invest. If you're just a labourer and a saver, you're going to end up with nothing due to compound inflation tax and general tax, so you're forced to invest.
That's why we see things like bubbles in stocks, bonds, real estate, crypto and more. People are desperate to put their money anywhere to retain and return value at a future date and be more tax-friendly.
In a situation like this, you're also lining yourself up to get shot. Most of us who work for a living don't have time to research investments, so we stick to index funds, we buy the big names, we look for passive vehicles, and we allow our money to be front-run by institutions.
You may be making a penny or a pound here and there, but you're not going to beat out professional money managers. This game is slanted in their favour.
They know the rules, they know the risk and they are closer to the money printers than you are so if things go belly up, they get a bailout, you don't.
We need a game with rules we all have to follow, a game of value!
The worlds best capital allocators
Look, I am totally biased here, but I think investing in something that has the potential to be the new monetary measuring stick and have the ability not to be debased is a no brainer. The ones allocating to BTC now, securing their position in this finite digital real estate, could be the ones that have the biggest say in the newly shaped economy.
If we move to a Bitcoin standard where things are price and measured against Bitcoin, we will then have a way to measure real value. Bitcoin would then be the risk-free rate, and everything else, investments, goods and services would need to provide some value that beats the value Bitcoin can retain.
Have your say
What do you good people of HIVE think?
So have at it, my Jessies! If you don't have something to comment, "I am a Jessie."
Let's connect
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I agree that there are just so many bailouts for the rich and powerful. It is however funny how the banks reacted to the recent Archegos capital. I think they were planning on walking down the stock but big banks like Morgan Stanley just smashed those asks and tanked the price. Even if your rich, you will still get eaten on if you are late to the information.
I do think people needs to make their money work for them but I don't think it only has to be crypto and crypto. It could be gold, trading stocks or even their own business. The problem I see is that crypto tends to have the highest return but the risk is equally as high if you don't do your own research. So for the average person who doesn't want to think, BTC is the safest option since I think it has higher prices in the future.
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I thought it was goldman who tanked the market? I am following the story closely I didn't want to post about it yet because there's not much known as soon as more info comes out ill give my take but it looks like this could be a major story
I agree, I just have a bias to crypto because it has the most asymmetrical upside potential, if I HAD wealth id surely be in gold or real estate but I need to build wealth so I am in crypto even if I lose along the way I have many years of trading labour for money to try and recover
Stocks, bonds and real estate are at all-time highs, so you're chance of getting bigger returns are small, it will just ebb and flow with the money supply. NOt saying you can't make money but 5%-8% a year isn't going to get me very far
So I need to be more aggressive now and then deleverage over time
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Morgan Stanley and Goldman were both players who tanked the market. There was an article below about it.
https://www.cnbc.com/2021/04/06/morgan-stanley-dumped-5-billion-in-archegos-stocks-before-fire-sale.html
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I agree. Those who have businesses like bars, restaurants, souvenir shops, travel agencies (like mine) etc didn't think about this, then pandemic happened.
Cryptocurrencies are thriving atm and the price of properties are low, or at least where I am. The good time to buy (if only I can tho lol). It is always good to diversify or invest in other assets and not rely on only one source of income. Because there will be no guarantees and we'll never know.
I think it is also good to increase our skill sets as we'll never know when we'll be forced to work 9-5 again.
I think all those businesses you mentioned are tough to run even in the best of times because there’s so much competition you really need to find a way to stand out
The ones that do survive now are going to kick ass for the next few years with so much of their competition gone now
I think now you have to take your bushes income and start to generate value elsewhere like you say if you had a business and you could use your cash flow to get assets like property or shares in other companies or crypto it can help you take a lot of pressure off your business income and that way you can take a bit more risk in your business and expand because you have a little more buffer
I am trying to improved my Cryptos knowledge and skill because I think it will be very handy in the future but who knows? This blog is basically me figuring things out just in a very public space lol
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Yeah it is good to have a business that provides essential products. And I think online selling / delivery apps also thrive now or at least where I am. I have to think of something else to start ..
I think you are already knowlegeable about cryptos and finance.
I can't remember who said it but the key to compounding is to get out of the way. I think the same applies to stacking as well.
LOL that is a really good saying I’ve spoken to people who trade or rather nee traders and they feel like they HAVEto make a trade each day which I think is dumb!
I am sure I’ll outperform them since I leave my trades open, go do my work, write a blog and then come back see how things se doing and go back to the rest of my day
I can imagine those who sit and look at charts all day feel compelled to do something but to me it’s wasted time and energy
I can rather go work and earn money and then open new positions
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I feel btc is safe because a lot of big companies are going towards owning a lot of btc.
I think it is wise to have some crypto for the future although I think a bearish move is iminent.
This post was a great one.
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It can go both ways never underestimate a company they are there for profits and would be happy to dump BTC at any time and for many it will be there first bear market so we might see some corporate dumping who knows
Personally I’ve become so detached from the price I don’t care I won’t trade it I’ll be holding this thing until I retire
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I love the fact that govt is not who is controlling the minting here. If you are capable of and can generate a value you can mint it.
So no shit lid of money printing by govt to cause other problems like hyperinflation
I don’t mind governments printing their own money and trying to convince people to use it as long as there’s private money that can compete! I always think there needs to be both sides to keep each other honest
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thank you very much for the exchange ,have a good day and a great mood
You too, have an awesome rest of the day
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this have been in a good proof on the gamestop short squezze problem, where they money gangs, hold together an get each other back when things get rough. But we will definitely be dead when things are against our side.
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Just like bonds are in a work around for the rich to take from the poor so too is the stock market. We only see the stories of the winners because the losers in this story would unravel the whole thing
The game isn't a level playing field, not that Bitcoin is either since they can tempt weak hands with loads of money but at least you have a chance here
totally agree, at least with crypto most of the coin are help by the common people, not jsut by those big corporation. untill they bring out tons of money to bought the crypto just like how they do it in bitcoin.
Well a lot of these alt coins are VC funded so there's plenty that have major corporate bags, yes they are also buying Bitcoin now but they HAVE to buy it with these alts, they can set their allocations based on their funding rounds, so I try to watch who backs these various alts, and stick close to BTC
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When you said that you have spent 3 decades on the Planet... Gosh it sounds like so much lol. Imagine when you will be 80 and saying that hahha or telling to your grandkids how granpa was smart to invest in bitcoin lol
When you make a living you get paid for value/perceived value. So I guess that those who end up being free and financially independent find ways to be efficient with their time and have their business work for them and not the other way around. Getting to that point is not easy though, everybody strives to get there
LOL, I am old in Tiktok years, I mean I was using the internet when we still had to dial up and visiting Geocities and Angelfire websites lol. If I have gran kids the only reason they would listen to me is hoping when I die they get my BTC, screw them get your own, HODL till I tie
I think so too, which is kind of tough to create something of so much value that it continues to pay you for years to come. I don't see how everyone can do that, its tough. That's why I think we need something everyone can do, a place where people can save and know that the savings will be there and be worth something
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Hahahahhahaha I laughed so hard lol.. Screw you, get your own BTC. That was a good one. But kids have a way of getting to you and I suspect that they will squeeze the last ounce of satoshi out of you haha. Who knows how you will be when you'll get old. Maybe a bit more mellow and soft.
Internet is a great gift if we use it wisely. I remember how excited I got when I discovered it. Now kids at 3 yr old are bored with it lol. Funny how life changes and what we have found extraordinary is now a norm
Lol I’m sure they do and you’re probably right with old age you see things differently as you realize your mortality but for now I worked too damn hard for this BTC I ain’t giving it up that easily
Lol totally the internet we have no won’t be the internet they have thing are changing so fast that it’s tough to even imagine 5 years never mind 10 or 20 years into the future
Age changes things. I can't wait for you to have kids and make a post about how one morning you heard this from your kid: daddy, will you give me some of your bitcoin? Muhahahahha I would pay to see your face then lol.
Internet is huge and yes, who knows what will be 10 years from now
Lol well here it’s more of a flippining you’ll give kids money when they young and you are young but when you old they normally give you money! My parents have been “black taxing” my ass for years now lol
Luckily they like fiat so it’s all good take your filthy government money lol m kids won’t be so lucky you not pulling a fast one on this old man I want the real money
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Hahahaha funny. I guess that it depends on the culture. Here in Romania it's the other way around. There are parents who give money and help their kids in their 40's or 50's. Some even stay with their parents until late in life. Especially men. I could not imagine having a parent still do my laundry in my 40's. But well it all depends on the upbringing.
I think that it is better to teach the kid how to fish rather than giving him the whole salmon. I believe in being independent a lot. A lot.
I can totally relate to some of this. I do some consulting work on the side and I am always fighting with myself about how much I should charge. I want to charge enough that it is worth my time because I am totally worth it, but I also don't want to charge too much so that they start looking for different places to get the same service. I ended up settling on a separate fee structure for individuals versus businesses. It seems to be working out so far.
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Lol consulting gigs are always difficult to price man, but I always say pick the minimum you'd be happy to walk away with as your base and work from there. I think with consulting its also a thing of charging a rate that shows your value is value for money, because if you do that they normally keep you on or refer you to others.
So a good rate, and good work is ALWAYS rewarded with more work
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I am pretty forgiving to my regular customers too. If I am there an hour and fifteen minutes I might only charge them for an hour versus 2 full hours. I also don't charge travel and if I am only there for a couple of minutes I often don't charge at all.
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that’s great that you are able to form relationships like that I think business should be conducted like that and think how would I like to be treated and not try to suck as much money for the least amount of work
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thank you so much for sharing, have a nice day
i'm looking for a job myself, i'd really like to find something empowering or remote/independent,,, or make my own business. i did have a side gig selling used textbooks online years ago, was a great niche while it lasted. or maybe my son will start his own business and hire me?? hahaha 😀
Well with everything going down the tubes, now is as better time as ever, to start something, if you can survive now you're business will be epic once things are stable again. I am sure there are loads of opportunities for second-hand markets, if you know how to spot good deals or have skills like fixing up things
I have a friend that buys old clothes, makes some changes to it and flips it and another friend who does it with cars, but they have the interest and skill lol Im just a boring old marketer
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thank you very much for the exchange ,have a good day and a great mood