Liquidity Is A Huge Problem

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I Have Always Been A PayCheck To PayCheck Person

If you have it spend it. I do not know why but if I have money chances are I will invest or spend it. I have never been into the habit of having a bunch of liquid capital hanging around. This is my mistake, and a bad mistake it is.

I say this is a huge mistake, especially on the Hive Blockchain. My first strategy was to hold and stake everything. Huge mistake. Only hold and stake what you believe in. My first clue should be the way Hive rewards are set up by default. They are set to give you half in Hive Power and half in Hive Back Dollar. By default, the platform is set up with liquidity in mind.

Being on Hive for more than 10 months there is always an opportunity for a person with liquid Hive or other tokens to take advantage of extra earning potential.

The CTP Community Is Doing Something...

The people at Click Track Profit are always inventing something new. This time they are bringing their amazing Safe Mailer "ListNerds" to the blockchain so that everyone can benefit. Today there is a contest for purchasing and holding the ListNerds token. Without liquid Hive or other Blockchain currency, it will be impossible to participate in the competition forgoing a chance for wonderful prizes. We all know that unstaking or power down can take anywhere from 1 month to 1 year depending on the token in question.

For me, with the above example, I am going to have to bring in outside Fiat because I only have enough liquid Hive to buy 2 ListNerds Tokens. If I kept in mind that this was coming in the future and it would be good to have some liquidity to invest with, this would not even be a discussion. Having liquid Hive and or HBD in my account would be ideal so that when an opportunity comes up that I am more prepared to handle it.

Liquidity = Participation

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Being a reseller has taught me there is a huge difference between potential income and actual income. Everything that I have not sold but hold in stock is potential income. The sales I made earlier today are actual income. This trips up a lot of people. You could have $100,000 in products listed on eBay, but until those listings start to sell it is only unrealized potential.

Do not misunderstand I am not trying to be an expert, quite the opposite. I make money pretty well, holding on to it is a completely different story. This is my struggle with trying to be the type of business person that will always have liquid funds to invest.

Not enough time just means my days are packed with activities
not enough money means that I am not doing enough money-making activities and or I am not handling the funds I do receive as income properly.

The Plan Is In Process

This will take some trial and error but I am revising my business budget to have more of a savings fund for future opportunities that may come up in the future. Not being a very financially savvy person this will become a challenge, I thought I would try to stash away 15% of my current income for the future.

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18 comments
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Hey this is so true... it's always good to have some liquid hive or HBD. I'm kinda in the same delima you're in, want to get listnerds but no hive to throw around and right now no fiat to bring in.

Well I'm looking at what I can do over the next few days to find some fiat so I can get some listnerds. I'm also trying to get in on the Chifibots game but since I have more time for that, my move for now is to get all the listnerds I can.

Good luck !!

!PIZZA

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Remember you can always do some reselling on eBay to generate extra funds. Back in 2015, I was working at Walmart and my entire check went to rent, utilities, food, etc... I had a need to start an online business but everything seemed to be price prohibited to me.
I started selling things on eBay just to finance my online business venture and soon my eBay income became greater than my Walmart paycheck, and last year I retired my wife so she no longer works for Walmart.
It is so simple just go around your house and find things you no longer use or want and list them on eBay it will surprise you 😀

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(Edited)

Hey, I'm glad this worked for you but I don't see it working for me. I tried ebay some years ago and couldn't understand it. The things I did post got no response and on top of that I don't want to have to deal with the shipping side of things.

I don't work an outside job so I just have to work harder at what we do here.

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Yeah, I have been unstaking some tokens that I don't care much about to get Hive to buy the tokens I want to buy and hold. It is hard to keep liquid funds around. There is always something that demands our money. Lately it's been my car. So we haven't been able to realize the savings from not paying rent here at the house. On the other hand, we are really good with saving on groceries and entertainment.

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Demands on funds seem to happen in groups, so when it rains it pours. I feel your pain our Refrigerator is dying after the holidays the temp control has been wonky and a buddy of mine that works in appliance repair recommended we replace the entire unit so that will be a big expense on top of the holiday gift-giving.

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Sometimes repairing isn't a good option and it's less expensive in the long run to just replace the appliance. We had to get the draft inducer replaced in Dad's furnace this last weekend. Of course it had to act up when the HVAC place was closed for the holidays. Roy was able to get it limp along until Monday. Like Roseann Roseanna Danna used to say, If it's not one thing it's another. LOL Have a great Saturday! 😀
!ALIVE



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-- @lisamgentile1961

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I feel your pain man.
I have never removed money from my stake until last week and I now see that it will take over 13 weeks to unsafe it all even the same goes with BEE token. I thought I will buy BEE to mine workerbee
But it is the other way round ⚪ and now I have to unstake my BEE which is still in process and buy workerbee.
Getting liquid in hand has helped me and with this experience, I think it will be safe to always have something in 👍👍

Posted Using LeoFinance Beta

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That is very true. Do not feel bad about mixing up Bee and Worker Bee as it is a bit confusing. I would have named Bee to Honey because worker bees make honey lol 😆

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From the beginning when I joined the platform I have been doing what I would call second level spending. Meaning I would stake everything I earn and only spend the interests that I get from that. Like that my capital is growing constantly and I use only the interests. It's tough because there are so many shiny objects out there and we need to resist sometimes :-). Btw, I have updated the ctpsb ranking and you managed to get into the 2nd tier. You will get some CTPSB love from now on ;-)

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I agree with you, there are a lot of shiny objects especially on this blockchain. That is really cool being in the second tier, I have no idea how that happened lol 😆

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This is something I first heard from Raoul Pal in an interview. He said that most people are taught to invest all their money rather than leave some liquid. Then, the problem is that you end up having to liquidate assets if a sudden emergency comes up. Or, you don't have any cash to take advantage of market dips.

Personally, I've learned that if I am going to borrow on margin, I can't max out the loan. Either I leave some buffer, or borrow extra to leave liquid. This way, I can avoid liquidation.

Related to that, I was, for a while, putting all my money into paying off credit cards without leaving some cash for spending. Naturally, I would end up having to put more spending on the cards.

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If we are not very very careful it can be a viscous cycle 😉

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Thanks for sharing. I agree you need to have liquid funds to be able to participate in most opportunities that come your way. Off line, I also have an emergency fund set up for any unplanned maintenance, repairs, etc that might occur and need to be addressed as quickly as possible. In addition to that I had set aside 10% of all profit for investment purposes.

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