My Story About How has Crypto and Blockchain Technology Impacted my Personal Finance

in LeoFinance2 months ago (edited)

Yesterday @theycallmedan launched a challenge called #CryptoFinance Initiative: How has Crypto and Blockchain Technology Impacted your Personal Finance? A great initiative as we get to read a lot of interesting stories and learn from them.

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My Story

The whole thing started out like another blogging experience, this time in a foreign language though. When I registered to the old chain, my first goal was to practice my English as that's not my mother tongue and I thought if I can earn something in exchange of my work here, even better, right? The financial part came somehow secondary as I wasn't even sure if I can do a proper post in English, let alone last years here.

The Most Fun Game

Investing fiat was not my intention as at first I had no clue what this is and needed some time to figure it out. I guess you can say I wanted to learn from other people's mistake, rather than to learn from my own and was a smart move. Watching people buying Steem at &0.75 as that was a good deal for a few days, then watching the price fall dramatically was an eye opener.

Then it became a financial game, a challenge for me, to see how can I maximize what I know and how well I can manage my portfolio.

Not being forced to live off Hive made it easier as I've never cashed out a penny, everything I've ever earned here is in my wallet and it is from content creating and working on different projects, helping devs and communities in any way I could.

I still remember the date when I registered, it was January20, 2018 and I was so sick with high fever, I could barely keep my eyes open, but I wanted to register and start my journey. I can't even quantify how much I've learned since then and how many interesting and valuable people I've met. This has always been a learning curve for me and the more I learn, the more I can put into practice.

Now that I have a few Hive in my wallet, this can be a passive income as well but I'd rather be active as these are not times when you can afford to sleep and relax. This is just the beginning, the opportunities are endless and profit is not for those who do nothing.

How has Crypto and Blockchain Technology Impacted my Personal Finance

I haven't cashed out a single penny or transferred out of the chain and don't intend to, unless something catastrophic happens, but better not. This is an extra safety blanket for rainy days, or my retirement account if you like. It's my capital that I can use on the chain to the best of my knowledge, to help others grow as well.

There is another way blockchain technology impacted my personal finance, which is present and future as well.

Thanks to the influence bloggers on the chain had on me at the beginning of the year, I started learning sewing. Watching our needleworkmonday friends creating this and that every week motivated me to make the first steps.

To cut the long story short, I'm creating denim bags now, recycling every piece of fabric I can put my hands on and selling my bags on Etsy and locally. This is not only a way to save money (I can create a few things for myself and family), but also a source of income that can grow in the future. All this thanks to Hive and the amazing users we have here. This is the present.

What are my plans for the future? I'm not sure how yet, but next year I'm planning to sell my products on the blockchain. I need to look into it as I know there are some options already and there will be a market app some day, hopefully sooner than later. This is the future, the way to a cashless life and Hive can definitely do that. I'm looking forward to that day when I make my first sale for Hive. Creating what you like and selling it for crypto, what can be more fun?

Not long ago I was telling someone about my journey on Hive and was asked how much I've earned. I said around $5000. For some this number may mean peanuts but if you think of how I get this amount, it is something. Then I was asked if I'm spending my earnings, my answer was No, obviously. I could buy things for myself but why spend it when I could capitalize it, right?

Spending unnecessarily is not my style and the opportunity we have here is huge. I see this situation similar to when Bitcoin was still unknown and undervalued. Tell me if I'm wrong.

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Sounds like the connections and knowledge has been more beneficial than the money earned, but $5K is not to be sneezed at either!

It's hard to cash out, I mean mentally.

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So far, yes. And you're right, it's hard to cash out mentally. Those who are thinking long term, think like that.

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!ENGAGE 20

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It would be really cool to start selling items you learned how to make on Hive, on Hive.

The long game and effort is starting to show, 5k is no small sum at all and there is potential for that to grow a lot. Good luck :)

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Thank you! It would be great not only for me but for everyone. It would be huge.

!ENGAGE 20

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I'm trying not to get excited just yet, but it's coming isn't it? :D

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I'm here also what long game :)
So you are not alone .

I know you are :)

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I would have never known you needed to practice your English. You write it so well which means you speak it so well too.

I am one that definitely understands your gain. I have only bought Hive once with our personal monies due to wanting to get my account back up. Over the course of the 4 years I’ve been blogging on this platform I have had to use my earnings a couple of times for family needs. I must say it’s quite a blessing having this asset available when I need it.

I’m heading towards my goal of Dolphin status but even more so I see my account rising back up again and it’s great because it is like a savings account for a rainy day.

I love all of the motivation you’ve gained from being here and I thank you for all of the support you’ve given as well.

I too am in this for the haul. I know a few others that are looking to sell their work here so I’ll be keeping a lookout for that. I have so many other projects I’ve been working on (here and in real life) so I haven’t been focused on that side of things yet.

Thanks for sharing how crypto and blogging has impacted your financial life :)

Yes my dear friend, that is how I started, I was afraid to write a post because I wasn't sure my English is good enough. I'm not sure now either but it it is what it is and going forward 😅

Wow, dolphinhood, I remember when I was working hard to be a dolphin 🐬 it was a long time ago.

I'm glad you have decided to come back and be active again, I know the sacrifice you are making to get some free time and I really appreciate it. What you do for the community is amazing.

Let us hope we get a market on Hive soon and then let the fun begin 😊

Till then, keep up the good work 🤗

!ENGAGE 20

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Yes, dolphinhood. It was a goal I've always had but just want posting enough to get there. Receiving curator rewards is definitely helping me get there faster now :)

Thank you so much. I really like this space and it was hard to be away. I’m really glad I’m back in action too ~ ☺️

You keep up the great work too sweet friend! 🌸

Thanks for the tokens!!

Receiving curation rewards is helping a lot and the more you grow, the more you get, that's the beauty of it. I've been working hard to grow my account so I can help others grow by curating.

I shall do a sewing post shortly 🙂

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That’s my goal as well...helping others to grow :)

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Good work @erikah, it seems that by joining this blogging network in addition to generating some money, you have acquired a new skill that is sewing and a potential future business. A very enriching experience! ❤️

Thank you! Well, I would go that far to take it to a business level, this is just a hobby for me, more like s confirmation of my capabilities but it's definitely nice to see people appreciate my work.

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Gracias por compartir tu historia. Me motiva mucho. Yo apenas tengo 3 meses y cada día aprendo un poco más.

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Unfortunately I don't speak Spanish.

Te agradezco por leer y me alegro de que estés motivado. ¡Buena suerte todavía y nunca te rindas! Escribí con Google Translate.

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The way you are thinking and working is the right ingredient for success. I agree at some point having the safety blanket can make you relax more and knowing that achieve more. Keep going and the $5000 will be way bigger in no time. Blogging in another language is impressive and takes serious dedication.

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Lol, I hope you're right. Over the three years that I've been here I've learned a lot, and there's more to learn every day but that's the beauty of it.

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Watching our needleworkmonday friends creating this and that every week motivated me to make the first steps.

That's actually quite amazing! you learned something for free and then you even earn money out of it! so cool!

Not long ago I was telling someone about my journey on Hive and was asked how much I've earned. I said around $5000.

that's quite the amount if you ask me! By the way where are you from? (in order to understand the value better). If someone close to me told me that number i would reply with a "where do i sing up?"

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I'm from Romania. Yes, I've learned something for free, thanks to YouTube but pushed by users on Hive.

If someone close to me told me that number i would reply with a "where do i sing up?"

Lol, this is actually funny. I'm not saying anything now, you'll see why in my next post :D

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!ENGAGE 20

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I share your desire not to see anything and especially not now, it is not the right time to do so.

Hive has yet to express its potential. you need to be patient and unfortunately not all users are like that

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I fully agree with you on that, these are still early days and we need to wait.

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Great
for me it was something new to try... and it really worked as it was genuine. Most fun part is i'm part of new communities and dapps.

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next year I'm planning to sell my products on the blockchain.

A HIVE based marketplace for buying and selling goods would be a great addition to our ecosystem. I know there are a couple now and want to find out more after the first of the year.

Great story thanks for sharing

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My pleasure, thanks for reading my story 🙂

And see you at the Hive marketplace 👍

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