I'm nowhere near where I need to be to "live" off of crypto. I figure I would need about $3k/month at a minimum and at the current prices, I'm generating maybe $250, maybe. I get about 11 HIVE/day, 20ish LEO, and about $1/day from HBD. With my defi stuff and games (Splinterlands, dCrops, dCity) I'm probably generating another $30+ month, maybe a little more so....I've got a long way to go.
That said, if and when these things make a run, the numbers would jump substantially. I'm actually getting to the point where I am planning on really mapping everything all out to the penny and starting to track exactly where I'm at. When the next bull run comes, I want to know where everything is coming from so I can make some decisions on what and how much needs to go where.
In the meantime, I'm all about accumulating as much as I can of some of these things while they're all down.
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Do your calculations include a provision for a retirement income?
The idea is that this is all retirement income. I'm not taking a dime out of crypto at this point. I just keep adding. The first time I plan on actually taking something out is when I can take enough to pay off my house, all the taxes associated with the gains, and any other debt I may have.
Truthfully, I'm hoping Splinterlands can actually do that for me on its own by the time I'm done. I'm not betting on it or anything but I'll just keep playing and accumulating assets (cards, DEC, SPS, Vouchers, Land, and whatever else) and if the game explodes into the mainstream at some point, my account should be worth enough to do that.
If I can get to $3000/mo with no debt, that should be plenty to "retire" on, especially considering what the underlying assets paying me $3000/mo would be worth.
We'll see. I could retire rich, or I could just slog away at this day by day until I croak. :-)
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Pretty much my plan, too 😁
This is important to acknowledge... Every penny accumulated today can be worth a lot more tomorrow!
I'm counting on it. :-)
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