I was chatting with some crypto friends about work and how hard it can be to stay motivated for various reasons and we were joked about how long it is before retirement. four months, four years - eight? Of course it is hard to say what it would be for each, but I assume that many people in crypto fantasize about not having to work at something they are unmotivated to work at - which means they are biding their time.
Rather than "fake it til they make it" and are able to be successful at their job, they are faking it til they rake it and are able to scrape their crypto income streams so they don't have to fake it at all.
I actually suspect though, that most people, no matter how much they have in crypto, will keep working well past where they would "have to" as like me, they are risk aware, meaning that they won't want to be exposed to a narrow range of streams, and working (whether self employed or for a company) can be a very significant stream.
For me, my work has allowed me the "luxury" to stack crypto without having to bite into it to pay for my living standards. While I don't earn that much, it is enough to cover needs and some wants (occasionally) and still gives me enough time and space to work to earn crypto and explore the space. I am far more enthusiastic and motivated on the crypto side of the work than the traditional side, which goes to show that people aren't motivated by money, as I earn far more on average working than online - well, depending on what the markets are doing at the time.
A spike in the markets like a decent bullrun can change all of that though, which is what so many are working toward and hoping for - that the time and money they invest know will be rewarded with an outsized return. As I have been saying, time matters and many have been diligently building toward a time where they can rake a enough to live, in the same way a business owner invests into their model in the hope of return.
Not all businesses are successful however and many fail over time too, but for them to have a chance, the work has to be done and, what is earned generally needs to be rolled back in. In the early phases, it might not even return a living wage adequate enough to survive on, so they take on debt to live in the hope that the future will be bright enough to pay it back and extra, to the point they are okay. However, for most small businesses at least, there is not much chance of early retirement, but the benefit is having the "privilege to work for oneself. It is far less glamorous than many people make out and generally comes with a worse hourly wage and far less personal benefits than being an employee, as well as a great deal more responsibility.
But, it is generally more motivating to do something for oneself rather than as an employee, even though an employee is actually working solely for themselves. How many individuals are really willing to sacrifice their quality of life for the company they work for - unless they are getting paid?
And I think that this is why a lot of people will also keep working after their crypto would be sufficient, as most people, admit it or not, actually like working as they get some sense of self from it. If they weren't working they would then find some other work to do, but few people I know directly are the types just to live life at home, even if they have all the money they would need - no matter if they fantasize about it.
The fantasy is there, but it is just that, fantasy. The reality is that they would still want that sense of self, that sense of accomplishment from meeting goals and the feedback from a job well done. I think a lot of people don't actually realize how much they miss these things until they go without them for a while and don't have anything to replace them with.
Of course, there are other places to build a sense of self too and I reckon Hive is one of the places where there will be plenty of people who are able to "not work for the money" but will continue on working for the crypto, because they enjoy the process. I think that this could be part of my future, as while I would want to continue working with the diverse range of people I do now, I can definitely see myself reprioritizing what I consider my main work. This isn't due to the amount of income generated at that point, it is based on where I get the most sense of self and, where I feel I make the greatest impact to improve my world. I do a pretty decent job at my jobs, but how much better does the world get because of it?
I think a lot of the "faking" that goes on isn't pretending one has skills they don't in order to build the skills they need, it is in their justification that what they are doing is valuable in the first place. So much of business (of any kind) is pretty much useless at improving our world other than through the money it generates to be spent on what does. We are faking that what is currently done is important until we are doing what actually is. If we can generate the wealth needed by doing something valuable at the same time, why wouldn't we do that instead?
I think that this is going to be one of the major shifts in the economy as we start to move from positions as employees that make value for the owners, to owners who make value for each other. It is not a fast or easy process, but it is possible that in the future, what we are doing here today already, is the norm - a lot of people working toward a healthier kind of work.
Rake it in.
Taraz
[ Gen1: Hive ]
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I gave seven years of my life to a particular job I had, it didn't afford me any time to have a side gig and the pay was so little, it could not even pay for my medical bills, I gave a lot of innovation to them, but I got to leave the job anyways. Point is, that 100% commitment to an organisation that could sack one at anytime was my motivation to stay away from full-time jobs.
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All jobs ar like this - crypto is like this. Nothing is secure, nothing is permanent, which is why I keep my employed work and my self-employed business, while doing this here. If it had been possible to live off my crypto earnings the last 5 years, I would have very little to show for it - which would mean I would have to keep working and working indefinitely, hoping that the votes keep coming. I have seen people do this - they are employees just the same as IRL.
Yeah, nothing is certain, that's why to actually grow, diversification is important rather than being dependent on a single venture.
Hopefully, the votes keeps coming
The votes eventually stop. Who knows what happens to the blockchain in the coming years. Be an owner.
There is actually nothing like being your own boss.After work im the hospital i do now, i realized ill make even more impact on a private setting base ie running my own hospital because ill make my own descisions to help others without any interference.
While I actually enjoy my work, I really wish I had the option of only doing the good part of it and so I'm really counting the days till I can generate enough crypto income that I feel comfortable to retire and really own my time
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All jobs have good and bad, even the ones we love. I do think that "not having to work" however makes those bad bits not too bad, as one knows, it isn't forced. It has to be done for the job, but doesn't have to be done to pay the bills.
Working long hours to get good pay is not helping for retirement plan .only right investment policy can . I am full time employee somewhere else but not happy with long hours work environment ,believing your skills nowadays can let you earn more than your full time job but you need to be consistent and progressive with long patience before the fruits ripe to feed you.
I am basically love reading story and writing as well .patience is my ultimate key which for sure put me oneday in right direction and that is my right investment policy.
I wonder what is long hours these days. In Finland, the work week is about 40h, but people might do a bit more, many don't. However, I know business owners who do 70h a week too. For me, I do about 40+20 for my two jobs and then, another 40-50h for Hive/crypto a week :D I see it all as part of an investment plan - either to cover my bills so I don't have to spend my investment potential, or learn and earn to increase my investment potential.
Is I've probably mentioned before, we got the stats that 95 % of businesses fail around here...between year 1 and year 5. And it's because...
A lot of people aspire to start a business but almost all of them lack the knowledge needed. I still feel I lack the knowledge needed to be among the top performers.
Planning on having people working for my own business, though. At some point in the next five years. But in order to be able to make it happen under various conditions, one needs to be able to do it again and again. In ways responsive to circumstances like, for instance, a case of psychopaths running the show and killing off small businesses left and right.
A lot of psychos out there at the moment, doing whatever they can to kill anyone who challenges them - at least economically.
A lot of people seem to think that running a business is easy, that there is choice in when you work - there is "choice" - work when you want, don't get paid most of the time. :D
It's always good to have a side hustle, with crypto especially hive has given us platform to have it.
At what point does the side become the main?
There can be two case, one when your side income is more than the expense and other when you are financially strong.
Well said, if we all stay motivated we will get to the point where we create values for ourselves as owners of businesses and build passive incomes.
This is how we can actually create time to do the other things we love to do....
motivation is part of it - working and investing to own is another part. I know some very motivated people who want to earn well and have a lot - but unfortunately, that is their fantasy, not their behavior.
Didn't miss working one bit, there is so much to do and so little time. I would probably work, or voluntarily offer my skills/hands, but know I would not miss doing what I was told for 8 hours a day.
Depends on the job I guess -or maybe it is that I don't often do what I am told :D
Don't you miss some of the fun with colleagues?
Bingo! Many people look for other outlets, even after they retire, and don't have a need for extra income. To keep that mind working, keeping engaged, and the satisfaction that you matter to the world. What fun is it when what you are doing has no real value?
Owners, who make value for each other? I'm in! That sounds almost too good!
It does sound good, doesn't it? Just look at what is happening here in so many ways, where values are intertwining across the world in a hundred different paths, with tens of thousands of people participating.
It's true, it's happening right now my smaller scale than what do you propose but it's happening and really well see it going is forward. Will I quit my day job? Probably not as I work night! ;)
It's exciting watching the future unfold .
I don't need to quit because I work days - nights are when I am the most creative ;)
when you do something that you like and for this you received a payment this is great, and this could give you a great satisfaction and in hive you could do this, and received money and create información that could changhed the world, in my case i am trying to get an interesting list of plants that you could uses as a food or ar medicine, scientific name included to identify this around the world.
about the work well we need to continued work until the time to retirement come, well if changued this, and you do not need to continued in an office or work, is necesary in my case i do what can i do for example i retirement to the mountaint and colect my own food and medicine or bought a land and work as a farm the rest of my life but this are only thinking.
best regard.
One of the benefits of living today is the amount of choice we have in what we do - one of the drawbacks is, most of us end up doing what everyone else does. one of the best parts of living is finding out why we are here and what to do with it.
As I sit here at my desk trying to keep myself awake, this post hit really close to home. Like you said though, I wouldn't bother quitting any time soon. I am very close to retirement, so it would be foolish to take that kind of hit with so little time left. It would be cool to one day just do Hive as a full time job!
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Who knows, I reckon that a year down the track from now, you will likely be in the kind of position where you ight close up the gap to retirement and take the plunge :)
This is such a beautiful post.
This is one thing I always say to myself and that is work for yourself.
I discovered this when I did my first month in my job and it was really bad, I didn't have time to do anything for myself, I didn't read any book.
All I did was work my ass out for the government and go to bed at night tired.
One day my senior asked me so what did you gain for yourself today?
All I could say was nothing.
Since then I decided to start working for myself everyday.
A lot of people think they can leave their jobs since they earn enough from cryptosystem but the reason why I won't do that is because of the famous saying of my friend account more dey full meaning the someone's bank account cannot be full.
There is also this thing about having multiple sources of income. This makes life a little easier than streamlining it.
This is one reason some footballers end up miserable after being rich. They don't think of a lot of ways to earn.
Misery comes in many forms - one of them is being caged, with all of the possibility in the world. I think that often, the people who enjoy life the most are those who have had to struggle to live, as they appreciate making it through another day, rather than take it for granted as a guaranteed outcome.
I read somewhere some time ago, not everyone will be entrepreneurs, and not everyone will be an employee.
I know someone who'd rather work for others than bear the burden of building and makes decent living from it. The goal is whatever brings peace and not the media standard of success. So, whatever works for anyone.
This is the goal🙌
It takes a certain kind of person to be an entrepreneur, same as a certain kind of person to be a happy employee. Often it is like the problem with most well-paid jobs, people want the money, even though they aren't the kind of people to do that kind of work.
Indeed, we have our own world on HIVE. One day we will be working for ourselves, who knows..
People who will work, although their crypto is enough, could be work addicted or fear about retiremen/future.
I reckon the best time to work for ourselves in the future, is do the work now :)
Pave the way :)
There we are back again at the issue of work and dignity 😛
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Isn't dignity important? At least when looking in the mirror :)
I would love to see Hive become a career option :) How far away from this do you think we are?
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Depends on what you need. For me in my current state of Hive, I would need 2 dollars base to be able to live off it and that would still require me posting regularly and earning on it - never a guarantee. However, I think as value climbs, more people in oter global regions will be able to. There are already many living off Splinterlands for example.
Crypto is definitely profitable. I should have gotten into Splinterlands when Funnel told me to :(
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