It's hard to believe that it is almost time for another Summer in Michigan. It seems like just a short time ago we were in the middle of Winter waiting to see how much snow we were going to get and wishing for warmer temperatures.
I had a few ideas for a post today, then I realized I might have more finance news than I can fit in one post tomorrow, so I figured I better get started a day early!
It's funny how when the markets feel a bit of a turn like they have recently how you start thinking about some of those big things that you haven't in the past. Sort of like lottery fever when the jackpot gets close to $1 billion dollars. I was thinking about some of the tokens I am invested in last night and I found myself wondering "if I could just pull out at least $1 million".
Unfortunately, in the US that's more realistically about $700,000 USD after you pay the taxes. Still not a bad chunk of change. It might not buy you the vacation house we visited last year on the shores of Lake Huron in the photo above, but it could be a down payment.
Honestly, if you know me, you know that I am a fan of passive income. I'd likely invest the majority of the money to set myself up for a decent monthly passive income when I decide to stop working and it becomes more necessary. Anything short of six figures and that is the plan. Over six figures... Probably the same plan with a few more splurges here and there!
Something like this maybe. I've been following KZoo Bullion for a while now. Thanks to those of you who have followed the referral link and purchased something. I appreciate the reward points!
They've really been expanding their hand poured offerings. I guess it helps when you have such a skilled and prolific creator just the next large town over from where you are located. I've mentioned this before, but Bay City Bullion was new to me, but I know many OG's in the silver/gold community are quite familiar with them.
Based on the quality of their pieces... I can see why they have been so impressed. You better believe if I happen to come into some newfound crypto riches, I will definitely be picking up a decent amount of hand poured silver.
Looks like that last photo got cut off somehow. My apologies.
I was sitting in my office with a little bit of free time on my hands yesterday when I decided I would switch on some CSPAN. If you aren't familiar, CSPAN is the government channel that brings the public the events that are happening in the US Government. Before streaming was actually a thing, they have been broadcasting meetings of the house and senate for over 40 years I think.
The key reason I flipped it on had to do with a pair of bills that were going before the house. One was a bill to lay out a framework for when crypto should be considered a commodity and when it should be considered a security. This bill was endorsed by Coinbase, so I will let you be the judge if that is good or bad.
It ended up passing 279 to 136 which means this mostly republican sponsored bill saw many democrats cross the aisle to support it. That's a lot better than I expected. Usually most of these votes fall along party lines.
As a moderate democrat, it was pretty disappointing to watch the representative from Massachusetts talk about pretty much everything but the actual bill. In fact, his actions were so moronic he ended up getting banned from speaking the rest of the day. Way to represent your constituents douchebag.
Unfortunately, actions like that is the majority of what we are dealing with the US today and it's part of the reason that we will likely never see any real change. I've seen more civil and mature behavior in an elementary classroom.
The other bill was basically a ban on the Federal Reserve (I think) creating a CBDC. This one was a bit more contentious and I think there is going to be a lot of debate on it before they actually vote on it.
After watching the feed yesterday it became painstakingly obvious just how slowly things move in the government. Although the bill has been introduced, it could be a while before we actually see a vote on it. Then again, they could vote on it today. Who knows. I'm not sure if The House is even in session again today.
It's actually kind of interesting to see what kinds of things our lawmakers deal with on a daily (yeah right) basis.
Did you know there is a "Bicycles for Rural African Transport Act" that has been introduced?
No lie.
All the politics aside, there is a lot to be excited about right now. The price of silver is (or was) up, BTC is touching that 70K point again, and ETH seems to be on a tear with the expected news of the ETFs. Oh yeah, and meme coins seem to be doing meme coin things, so there is that too.
I'm not advocating people buy into meme coins. I prefer to hold tokens that actually have some kind of use case. That being said, if I can throw a couple dollars in a machine at the casino or towards that Powerball jackpot I mentioned above, why can't I throw $50 at some random meme token. I don't feel like you should have to be ashamed for that. I also don't think anyone else should make you feel bad for making that move.
You do you, don't let them stop you from dreaming big!
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I'm not sure if that bill banning CBDC will go anywhere. It seems mostly pandering to libertarian voters and not representative of any actual belief. I doubt the majority of people in congress even know what CBDC is.
You should read my post from today. I talk about all of that a bit more.
I'm a big fan of passive income as well. I'm hoping this bull run will allow me to convert some of that passive income into silver and gold savings for a rainy day.
I wasn't actually familiar with Bay City Bullion before, but that's a great poured piece! I'll have to check them out! 😁
!BBH
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Go Stake some more and increase your PIMP power.
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They do a lot of good stuff. I have another piece I am probably going to share on Monday. My hope is that I can build up my Hive account and then take some extra out to take care of real world stuff. Plus set myself up for the next bear.
That sounds like a good plan. I told myself I'm going to wait until I've been here at least 1 year and then I'll cut back on putting into investments and just reinvest drips and maybe take some profits. We'll see what happens. 🙂
It's rough because you just never know what is going to happen. I'd honestly love for one of my meme tokens to give me that big lottery win, but I don't know if that is ever going to happen. I'd love to be kicking around with a couple hundred thousand HP or more and maybe six figures in HBD savings. I'd also love to get to the point where I am taking an annual salary out of crypto that's big enough that even after taxes it is worth it.
The new BCB version looks like an improved version over this old 2017 Lion I dubbed 'Aslan' after the central character in The Lion, the Witch, and the Wardrobe. I got this from a different artist on YouTuber named MR. Zeke.
The pours nowadays are at a different level and quality. It's great to see an old design get a fresh makeover.
Oh yeah, they are quite similar. Very nice and great name. One of my favorite series as a kid.
The money of Narnia.
Dream Big Indeed.
I’m pretty happy with my Big Investment in Pepe so far.
Up 923 % since March.
I own some PEPE as well. Unfortunately, I bought at not a great time, so my $50 I put in is only worth about $300. That's still a 6x gain, but I'd rather see a 600x gain!
6 x return is not bad. Better than a lot of others.
After reading your article it reminds me that dreaming is easy although stay motivated and keep pushing is the hard part, keep pushing forward, no matter the obstacles 🚀💡 but eventually during this process most fail, I have only been pushing for over a year on Hive and some times does put some weight on me 😅✌️
Hive can definitely be hard. Sometimes you have a post that absolutely hits. Other times, you have one that you think should but it totally misses. It's coming back the next day and making another post that makes the difference!
Those are cool poured silver lions! The house on the lake is way out of my budget right now...
For sure. I'll probably never be able to.
Good for you
We knew Bay City Bullion way before he started pouring, and were his first customers, He is a true artisan and very good at what he does! This is the very first 2 troy ounce pour of BCB (Bay City Bullion).
Wow, that is cool! Such a small world! He has definitely come a long way!
Hahaha, he almost did the 2024 Hive Silver Round!
Oh really? That is pretty cool. My wife is from Bay City and I lived there for several years before we moved to the next town over.
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