Friday Finance 3/17/2023: DIY

avatar

IMG20230310145641.jpg


If my good friend @a4xjeeper ever decides to start posting here on Hive, I think you are going to be quite impressed. He is a proficient builder, business owner, and avid do it yourself-er. All traits that I think each of us can relate to here on Hive.

We absolutely build things (following, brand, account), our blog can sometimes be seen as a business for those who are living off their post rewards, and for the most part, we only have ourselves to get it all done for us.

The opening picture is a jig that he is using to wrap firewood for resale. Pretty ingenious if you ask me. I didn't bother to question whether he bought it or built it because I am 95% confident the answer is he built it himself.

He confided in me a while ago that aside from his main handyman business he has been selling wood at a roadside stand. He said that he usually makes more money in one week selling wood than his wife does working part time at the hospital.

It's not surprising really... I watched him take a container of wood that he normally would have sold bulk for $100 and turn it into $200 just by bundling the wood in packages of 9 pieces and selling them at the road for $5 a pop. If that's not the American dream...

Here's a video of a commercial bundle maker that works the same way if you want to get an idea of the mechanics of it.


Direct Link


Like I said, each of us on Hive basically has our own business. We may not see it that way right now, but once we finally start to see mass adoption, more dapps and finance pieces are built on Hive, and the communities start to grow, it will all make sense.

finance Friday.png


It is time again for another Finance Friday/Friday Finance. This is a series I started where I talk about random bits of financial stuff that I have seen, gathered, or experienced during the week. I hope as a reader you find it informational, entertaining, or both. I also hope it can generate some good discussion and edify the Leo community.

I saw this really awesome article the other day that laid it out pretty good how crypto is not to blame for the current banking fiasco. Despite what the main stream media and the government wants you to believe.

I understand I am preaching to the choir here. We all know this has been the case for as long as I have been active in blockchain. FUD is something that will probably never go away. Plus, we have awesome authors like @taskmaster4450 to drop knowledge on all of us about what is actually happening.

A lot of that might be over the common folks heads, or they might be looking for a more reputable source than some blockchain blogging site that gives away "fake Internet money". Sharing the above article with them might nudge them in the right direction.

In fact, it is pretty rare that I ever post something on Facebook these days, but I felt compelled to share that article. If even one of my followers on that platform reads it and reaches out to ask me for more info then I will consider it a win.

If not, at least I tried right?

Threads

I've been trying to use Threads a bit more to promote my blog posts. I've been doing it on Twitter for quite some time now, but I really do think Threads is going to be one of the big dapps for this blockchain moving forward, so I want to get comfortable with it.

Fishing for that big upvote from @leo.voter doesn't hurt either :)

I actually made a post the other day from a mobile device and while it wasn't horrible, I am still waiting for that native app from the respective stores. I think having something that is a native app for smartphones is going to be game changing. I am sure the team is hard at work on that and I can't wait to see it hit the stores.

Taxes

I got my taxes done last weekend and I have to admit I am pretty happy with the results. Of course, any refund I am getting will likely be going towards a new car for @mrsbozz, but that's better than having to pay in like I did last year.

It's funny how much of a grey area the whole crypto sector is when it comes to taxes. Most of the fields don't even match up and it takes forever to find the right section to enter your info (if it even exists). I look forward to the day it is as seamless as recording any other gain or loss.

Box of Futility

I thought about starting a section in these weekly posts that cover the funniest and the most insightful financial quotes I have seen through the week. I'm still not sure if I am going to do that yet, but if I do, you can bet the majority of the funny or "shake my head" quotes are probably going to come from Gary Gensler.

I was reading an article this week where he was once again insisting that ETH is a security. I honestly don't know if it actually passes the McGill (or whatever it is) test or not. What I do know is that as long as we keep trying to use traditional finance terms and structures to define a new asset class, we are never going to get anywhere.

It's like trying to fit something in a box that simply won't fit. Yet we keep trying to shove it in there because everything needs to fit in one of these two boxes.

It's a fools errand.

Yet the SEC is going to insist we continue down that path.

That's all I've got for this week. I hope you have an awesome weekend. Watch some college basketball and may your brackets not get busted (unless they already are)!


Sports Talk Social - @bozz.sports


TEAMUSAhive_footer_bozz.jpg


All pictures/screenshots taken by myself or @mrsbozz unless otherwise sourced

Posted Using LeoFinance Beta



0
0
0.000
24 comments
avatar

Good on your buddy with the fire wood. Earning a few bucks whilst providing a good service to the community.

McGill (or whatever it is) test or not.

It's called the Howey test. I agree with you, the old financial system should be left to rot and die, along with the huge myriad of immoral taxes that have no place in the crypto world. 1 Hive is still 1 Hive, 1 BTC is still 1 BTC.

0
0
0.000
avatar

Ah, that's it. I guess I must still be hung up on Better Call Saul even though it's been over a month since we finished it.

0
0
0.000
avatar

😂💪🔥🔥🔥

!invest_vote

0
0
0.000
avatar

Impressive chap! There's something so very special about the entrepreneurial mind...

0
0
0.000
avatar

For sure, you can't help but admire it!

0
0
0.000
avatar

I read your previous post and this one. And for some reason I think they overlap slightly... So I'll respond here to both posts.

Yes, I also noticed that you need to find your niche here to stand out from the hundreds of bloggers. And that's why I don't get into finance (I lie, I've tried it lol) or anything else, because there are some really fantastic experts and narrators out there! Maybe it's the simple narratives that are lacking there. Like, look here and put it in there.... But you have to be able to do that too and keep it simple and interesting. lol

Meanwhile, I read you from time to time, and you definitely have something. Perhaps you have a few steps or experiments left).

I envy those who found themselves here right away. And very happy for them! But my path will probably be a long one. I'm just now basically finding myself little by little. lol

Your buddy is definitely a valuable asset wherever he goes now. But we know how hard it can be to take the first steps here. Time, effort and such...

Happy weekend!

!ALIVE
!PIZZA
!CTP
!invest_vote

0
0
0.000
avatar

And for some reason I think they overlap slightly

I would agree with that. Especially give the fact that the two pictures were taken on the same day! :) I understand what you are saying though. I appreciate your words and your input. Hive is more of a hobby for me and I find the blogging part of it a bit therapeutic, so on some level I really don't care about the rewards, but dang, when you are getting them, they sure are nice! :)

I feel a bit like I have spurts here. A couple weeks of good rewards, then a couple weeks of just the base (for me).

0
0
0.000
avatar

I hope your friend does post, but I know people have other stuff going on and not everyone is into social media. Sounds like an interesting guy.

0
0
0.000
avatar

I could see him doing more video stuff than actual writing. He has some videos put together for his handyman business that he shares on Facebook. I should see if he can get those over to me.

0
0
0.000
avatar

It's pretty easy to copy a video from Youtube and write a few words. Let me know when he does.

0
0
0.000
avatar

For sure I will. I got looking and I think I was wrong about the videos. I know he said something about wanting to post some in the future though.

0
0
0.000
avatar

Big fan of the guys on Crypto Banter Youtube especially the first 3 shows of the day, not sure if I will make more money this next bull run but I feel like I am really tracking along and even ahead of the curve sometimes https://www.youtube.com/@CryptoBanterGroup

Happy weekend also for the misses!

0
0
0.000
avatar

Thanks, I appreciate that. I don't watch a ton of YouTube unless I need to learn how to fix something. That usually when I turn to it. I don't take long dives down deep holes like some people do with the platform. I'm not sure how the next bull run is going to be for me. I want to say good, but then again... I dunno.

0
0
0.000
avatar

Neither do I , but these guys are fun and bring good info, but you indeed need to have time to listen (I do it when I don´t have meetings but work on deliverables)

0
0
0.000
avatar

Cool, I will try to check it out.

0
0
0.000
avatar

I decided to take a free hand with my crypto. I have not sold anything last year and I am avoiding stable coins to consider as a taxable event. Not sure that's right.

Posted Using LeoFinance Beta

0
0
0.000
avatar

That's awesome that you are holding through these tough times. It will pay off for you when the next bull cycle hits.

0
0
0.000
avatar

This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.

100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.

0
0
0.000
avatar

It's kind of amazing to see all the ways people can earn money and bundling wood could be a profitable business. The economy has evolved quite a bit over time and there are a lot of opportunities out there for people.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Yes there are! You just need to have the hustle and drive to take advantage of it!

0
0
0.000