Gamification is a hell of a thing. You can get people to do almost anything by hacking their dopamine circuits.
The same holds true in investing.
In the US, wage statistics are published by the Social Security Administration here: https://www.ssa.gov/oact/cola/central.html
So what I like to do is compare my investment cash flows to the median wage. How much am I making compared to what median people make? (side note: the average is skewed by the super-high earners. see graph below - can you say the death of the middle class?).
Comparing cash flows makes a lot of sense for me as I'm primarily a cash flow investor. Equity is nice, but you can't eat it. You can leverage it with debt, but that's getting a bit into the weeds.
Take my SplinterLands card rentals. Over the past month, I've made 287 USD. Annualized, that's 3,444 (and rising). That's over 10% of the median wage!
Essentially, I've created a free 6 weeks per year in the median life to not work and do something enjoyable. Financial freedom begins when you have a full year per year of passive income. I'm not there yet, but will be in the next few years.
I think of it almost the same with Steem Author rewards except I put my dreaming cap on and think about how it will look with Steem 10x or 100x!
Posted using Partiko iOS
Wake me when we m00n!
Hi. I have just voted for your post. But I have to stop voting to you guys. Steem Leo community does not want me to do this. If you still want me to vote for your post, then send me 0.001 steem with your post link in memo.
no worries