You all by now know that classic saying that you shouldn't give up because you're so close to hitting those riches right? The sad truth is many end up giving up or simply don't go down the right paths. Just because you worked your butt off does not mean you're going to get to that million bucks in wealth. Instead it's out of the reach of many simply based on choices.

The simple fact of it all is that first million bucks is the hard part. Many spend their entire life trying to reach it only to find themselves in more debt and not being able to retire or at least just barely getting by.

Imagine starting to work at the age of 18 and then working until you're 60 a full 42 of the best years health wise and energy wise just to realize you most likely are not going to be able to retire or live those dreams you've always had. That's the sad truth of more and more people in my generation as a combination of many factors continue to slam us from high inflation, house market crash, a recession, the start of the never ending war in 2001 and much more.

It was clear that something had to change and in 2011 when I first heard about Bitcoin and later crypto I quickly realized this was the future and a future in which can pave the way to financial freedom for many more people and remove it out of the hands of multi million and billionaire companies and people. Now I also want to be clear that I have no issues with people that have multi million or multi billion. They have worked and played the game along with taking risks to get to that point and earned it. The only people I would have an issue with are those who scammed and cheated their way to it scamming out every day people which is more common then you may think not only in the crypto markets but it's even more prominent in the fiat world as much as some elected official might lead you on to believe.

So what does it take? It might be easier than you think but it's going to involve getting smart about your every day choices and understanding what a massive impact it has long term.

The First Million Is The Hard Part

Your first goal should be to stack 1 million in assets, liquid. The more liquid the better as you have more options at your disposal. This can range from a house, rental, fiat savings, stocks and yes even crypto. That first million is a goal of yours you should make.

Why?

As soon as you hit that first million things just start to flow. Especially today with high interest rates on savings and bonds. Most good savings accounts will now pay you around 5% on average. With 1 million in liquid funds that would amount to a full time job for many at $50,000 a year. That's the easy method but not the best method as that money is heavily taxed like normal income.

Instead other options such as dividend stocks and other methods that can be taxed as capital gains tax at around 15% at least this is the USA talking here other countries I'm unsure of nor am I a tax professional.

Any time you can reduce your tax burden go for it!

Even if you saved just 5% on taxable income that would mean you essentially would have to make 5% less money. That means at a 5% less tax burden on you you'd be compounding your money faster.

Of course it should be send remove any and all debts first. It legit doesn't matter what it is. If it's higher than what you could earn APR wise in savings then it needs to kick the bucket. But if you got lucky and locked in those 2%-3% mortgages you'd actully be better off in a savings account and earning 2% more money while still paying off the loan.

The other famous saying goes don't buy that cup of coffee and instead make you own. If you drink a cup a day that would save you roughly $3-$5 a day. Over a year that's over $1,000 in your pocket that would now earn you passively in a 5% savings another $50 per year.

These small changes add up include gas, driving to and from work, vacations etc. You'd actully be surprised how much you can lock into savings if you simply change up little things you're doing in your life. Instead of that $15,000 Disney vacation, take the family out on some camping trips, fishing trips etc and bring that down to $5,000 or less. Over time you'll stack compounding your earnings progressively pushing towards that 1 million goal.

So why do I bring this up?

I want to apply it to #crypto

The Crypto Game

As I mentioned above in 2011 and moving forward from there I quickly realized how powerful crypto was. With the recession and great housing crash of 2009 when I lost my job, a few months short of my first ever pension and many other negatives I quickly realized how rigged the system was and how much it was changing. No more could you work a single job all your life (or even just a few 3-5 jobs in your lifetime) and retire well. Instead it was rigged against you. That money you invested got blown up, all those hours you put in cut short so they didn't have to pay you a pension and now the removal of 401ks from many companies.

It was then clear the crypto was an answer to this a way to start returning power to people and out of the hands of greedy corporations that really seemed to care less and less about the people that sacrificed time and energy into it. No wonder why work ethic has slumped off so much. If a company just pushed 20% of profits to give back to employees as a bonus just imagine how much more people would start to care a little more about the quality of their work again.

Crypto now allows you to tap into so many things that gives the every day person the capabilities to earn like a bank or a business. It's a way to get back to making that million faster than ever before.

There's now countless ways to "earn" crypto from posting videos, articles, threads InLeo and countless other options such as DeFi which make you act like the bank or p2p lending which was recently taken away in the fiat world. You can now earn those higher APRs that used to be reserved to the select few or the banks allowing you to earn things like 7% APR and higher further increasing your speed in which you can reach that 1 million.

That's why my goal here just on the hive blockchain alone is to reach 1 million in total value across all of hive that's games, tokens etc. Which as long as prices move in the right direction should help me achieve this. You see during the last bull run I held nearly $700,000 in assets on just the hive blockchain. It's why I care more than ever to see the success for not only hive itself but applications that are running on top of it. There's never been a easier and more profitable time for the every day person and it belongs to crypto. So get out there and start earning it!