With the crypto prices dropping it is a good time to reassess where you are with your crypto revenue streams. We can become complacent thinking we are doing so well when the prices are much higher not wanting to be too realistic of where we truly are. This is the best time to double check and evaluate where you are and what still needs to be done.
After checking my streams today I know I am a long way off and something I knew already but it is ice to know where you stand financially. The good part about all of this is we are genuinely early and so much more value will flow into crypto once adoption takes place whenever that might be. It could happen next year or it could be up to 5 years away still as this is still the unknown factor.
My crypto revenue sits at around $1200 monthly which is being constantly reinvested which gives me a dollar value of $14K growth per year without having to invest any FIAT which is actually pretty decent. Those who are not in crypto yet would have to invest a good $70K just to equal what I already have and not many people have $70K lying around.
The compounding effect over the next few years along with the $1200 being earned will rapidly grow the overall portfolio total into more than $100K. This is the difference of not having to live off crypto because this value would ever grow otherwise.
As tempting as it may be the $1200 eared monthly is what is going to earn you more in the future and why it needs to be reinvested now. How are you going to earn more if you are spending this as I have a target goal of $10K monthly and not calculating this umber using the ATH's. If that was the case I would be worth over $13K monthly and why you can see how people get caught out thinking they have enough.
Over the next 4 years I know I need to da 3 or 4 x with my portfolio token numbers and only then would I be looking at around $5K without factoring in the value of the token itself having risen which I expect it to have at least doubled (on todays price) by that point as a bare minimum. This would give me $10K monthly at the bottom of the crypto cycle.
A ton of work still needs to happen, but I am grateful for at least having this opportunity of being able to do this. Circumstances could be far different like many others with the need to sell the crypto to survive in real life. This must be so discouraging as you know you are not growing your overall value and in most cases are just standing still.
The one piece of knowledge in all of our favors is the fact we can sell and buy back which should make the 3-4 x portfolio growth in my case that much easier. The aim of achieving this within 2 cycles might be a slight ambitious and may have to change this to a 10 year plan which would make it average out at $1K per month in value per year so 10 years equates to $10K monthly. This is still worth fighting for and why the keeping growing your bags is super important.
