#CryptoFinance Initiative: How has Crypto and Blockchain Technology Impacted My Personal Finance?

josediccus (81)in LeoFinance • 3 years ago

Introduction

In a country such as Nigeria where I come from, earning money from Crypto was either you buy BTC and hold it or even mine some other crypto project and that was the biggest deal, but sadly I couldn't participate, finance has always been a huge problems this is because I was someone who had a job that the monthly salary was just enough to take care of my basic needs and no plans for savings, no plans for investment and not plan to put extra piece of income into BTC even when it was far cheaper in the earliest stages of 2017

This was the same for a lot of people like me who were enthusiastic about crypto but could only watch from afar and this is why I categorically say that if cryptocurrency presented the only chance of being wealthy by just buying and holding then it wouldn't get that much traction especially in African countries and this is where I begin to talk about how Crypto and blockchain project became even better when I learnt I could earn Crypto by offering my contents online on a place called steem.

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Opt Out Of Real-time Into Blockchain?

The unemployment rate in Nigeria was and is still alarming and worse is the even the increasing rate of inflation that's gotten worse in 2020. When I came to steem in 2017 I can authoritatively say I had nothing and basically with the input I put out on steem I was earning half my salary on steem without even putting much commitments. It was a no-brainer. The job I was doing was detrimental to my health and after expenses I still had to pay for medications and this was when I made the decision to resign from my job even when I wasn't sure steem was going to be there forever.

The project seemed too legit, the system of operation, the decentralized setting and how once could control how much they get especially if they put in through powering up and well running contest and of course engagement. In relating to finance generally it was easier for me to control how much I earned. Doing a real time job was static and economically backwards especially in the type of country I came from while the efficiency I put in only had one static reward or returns but then on steem it was different; you control your input which influences your output and because of this, I was done I resigned and chose a different change; a Crypto and blockchain project in steem.

With my personal finance becoming better I started turning into a businessman of a sort. I was already a Content creator before I came to steem but then I couldn't turn any of my contents to money and this sole reason was why I decided that I'll never leave steem Irrespective of how low the prices went unless probably I was booted out or chased out but then it was even not the case. The fact that I could earn from my contents and still own them was huge, so since I had the abilities as a writer already and it was the biggest game changer to be able to have the chance to move clear of poverty and become better, spend more money on more than food, clothing or shelter, I was able to foot some of my mother's hospital bills and when the bull run came in late 2017 I saved enough to actually sponsor myself through college of which I'm still attending today.

Did you hear that? So without blockchain technology and the scope behind it, college would be a sort of mirage, it was a real time big deal that was very expensive. You don't go to college without having a sponsor who has a steady means of income, I tried in 2015 and I dropped out disastrously, but before I tried again in 2018 I had had a steady fix, I already had about 3000 steem powered up and I relied on should anything happen.

The Advent Of Hive; More Opportunities.

I'm not going to talk about the drama with steem and how we came to be here since this majorly centers on personal finance, I can only say hive brought more opportunities. One thing with blockchain technology is that it allows you to have a lot for more, with the coming of tribes like neoxian, leo CCC, PALNET and many other, opportunities abounded to earn more into second layer token but then after the steem/hive split I doubled my portfolio and I was able to renovate my house in the village that has categorically fallen apart and this was something a real time job wouldn't have opportuned me to do. From this stage I began to invest a little in BTC and Eth and the truth was that I joined crypto investing because blockchain technology allowed me to have money to dabble into the world of FOMO, HODL and FUD

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Airdrops from the various chain splits allowed me to redefine my Investment plans. For one, hive is the biggest project which has influenced my life further and even through a near 4-year old bull I've managed to live a sustainable life even when technically I've been unemployed from a real time job since January 2018. I have lived minimally only paying for things that are necessary, no vacations no club party or expensive outings, just living a regular affordable life and this has allowed me to stay afloat even through the disastrous inflative economy of Nigeria and the joblessness of people who became even worse during covid-19.

The "Leo" The Better?

Personally I've never made a wrong crypto decision all my life and certainly I never made it with hive. Having the extra cash on hand made me dive into leo as a token and leofinance as the best projects on hive. I bought I when it was about 4 cent and I saw the opportunity to become rich by buying into a project that I calculated and did my research on and this is why I'm that sort of OG I've ever set a foot wrongly and this has further strengthened my ability to put in money into what I believed in, prior to this time, money was a big issue and blockchain project though blogging and earning gave me 100% everything I owned and currently own.

In Conclusion

I've covered how I've learnt, earned, budgeted, saved and reinvested and this is the whole cyclical process to how my personal finance have taken a more different outlook over the years. Many people has doubted the advent of blockchain technology and many have taken advantage of it like me to be free to struggling to stay in jobs that made one live from hand to mouth. One of the reasons why my personal finance has gotten better is because I don't see blockchain project as as an opportunity to create a one time wealth like Ponzi schemes I saw it as something that's futuristic and before you can benefit from the future, you need to build, have a framework and be a believer. It has worked for me. I got attached looking for ways to make extra bucks and now I've totally resigned from working for any coperate entity and that's how good it's been.

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My name is @Josediccus, a young Nigerian student who is a Vlogger, A Psychologist, Poet And Sports Writer/Analyst. I'm using my contents as a process to create shared meaning as well as create expressions through which people on/off hive can relate. I believe content is a process to be enjoyed and relished and I'm up for any collaborations in my field stated above. Cheers

@Josediccus, your brother-in-pen & heart

I'm hoping to reach more people who are broken at heart and spirit, so share on any platform or reblog