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Wealth on a Wire by tarazkp

View this thread on: hive.blogpeakd.comecency.com
· @tarazkp ·
$99.43
Wealth on a Wire
<div class="text-justify">

On and off, I have spent the last few week writing down some of my stories - *not on Hive* - but in the real world. "Stories" in this case are not quite what you might be thinking though, as these are more analogies used to support software product training, designed for building knowledge, practical usage and retention. It is fun to do and "easy" in the sense that these are analogies that I have used when I train, some of them being mine, some of them being versions of those I have heard from other trainers. 

Once this document is complete, which I expect to be around about 25 pages by the time I finish adding my part, others add their own points and I flesh them out to complete, is that it will be leveraged by various departments as a basis for them to distribute product understanding internally and externally to our clients. There will be alternate versions included and tips given as to how they could be used, for example, by a sales person who is trying to explain a feature in the software that is hard to visualize.  


![IMG_20201226_131913 (1).jpg](https://files.peakd.com/file/peakd-hive/tarazkp/23tcGSozncgeb5M54i8XhWsLcTDuUwmwBuGWyzbM3afk9o9TYe6cBmoGVkChbKgu8JmuN.jpg)

A lot of people think that anything can be learned with a bulletpoint list, without recognizing that what they are actually doing is following a program like a robot, not actually *learning.* In some cases this is enough, but when one has to build further context for a range of complex processes that are currently undefined, it isn't good enough. By building mental illustrations of the way things "kind of" work however, can give the tools to apply general rules to specific usecases practically. Connecting these *rules of thumb* to familiar concepts and usecases means that a person is able to very quickly bridge the gaps in understanding, by applying what they know, to what they don't and when the comparison being made is well chosen, this can very quickly enable a newbie ramp-up into proficiency. 

"Quickly" is a relative term however, and a lot of people underestimate how long something is going to take (which is why so many projects run over time and budget) as well as not acknowledge how their own expectations come into play to affect their processes. For example, I have been on Hive for almost five years and the last four of those, I have been pretty Hive-orientated in much of my content, because that is what people engaged with the most. Prior to this, I wrote stories and about philosophy, photography, psychology, business, economics, family, relationships, skill development... *and many other things* I enjoy It is not that they weren't getting engagement, it is just that they were pretty narrowly focused.

What is interesting to note however, is that many people think my Hive content is narrowly focused because I am talking about Hive or crypto, but what I am actually doing is combining the elements of things I enjoy, into something that we can all find relevant, which is Hive, crypto and the things that surround them. By doing this, I can keep writing about the things I enjoy, without narrowing or excluding my audience and hopefully, adding value, which takes me back to the *quickly* consideration.

Let me ask some questions.

>How wealthy do you want to be?

*Obscenely!*

>How quickly do you want to be wealthy?

*Now, Damn it!*

>What do you think is an appropriate amount of time to build that level of wealth?

*Ummm...*

This last one is hard to answer, as there are so many variables involved. But let's work on the assumption that most people want to be more than averagely comfortable and have enough wealth that they can have a great house, car, travel when and to where they choose and deck out their lives with decent gadgets, without having any debt. I am not saying this is what everyone wants to do (I don't), but that kinds of wealth.

Now another question.

>How many people in the world have that kind of wealth?

*Very few.*

So, considering that *most people* accept they are going to have to work for a living and most people do not retire early, and most people do not retire with enough money to be what they consider wealthy, the chances of "getting there" are quite small and an appropriate timeframe is well, longer than most people would like. 

As said, I have been here for almost five years and have worked very hard in that time on and off Hive, and I am not there yet. Sure, I could have done some things differently, bought this, sold that, but that is part of the average life of *coulda, shoulda, woulda* in hindsight. But, is five years a "long time" in your opinion? It isn't in mine, but I am someone who expects to have to work a life time and I have been working for thirty years already. But, my "expectation" is that in the next five years, these last five years will have out earned a lifetime of what other work I am doing. That means that within ten years, I can earn the same as I would in fifty. Not only this, *the way* I am able to earn is different than a career job, as this is "hobby work" that I choose to do, when I do and how I do.

For me, this has been an enduring story that I have not only created and held, but lived by for the last years, as well as distributed through my content to others. I wonder what the balance sheet looks like for those who have onboarded some of the stories and changed their approach. I know that for quite a few I have talked to, they have said that they look at Hive and the entire crypto industry differently based on some of my individual content, but I think the real power of it is that the stories get carried beyond the post and bit by bit, habits change. 

I think that some people expect to read a post, get a bit of information and have their life change by it - and it is this that makes a post valuable. But, while these are occasionally bits of information that might do this, it is very much like the robotic list following content - it doesn't actually change practical understanding to the point that it becomes applicable to adjacent topics. It is like "buy this coin" might work out well at times, but it doesn't help a person understand how to pick the second or third coin. Yet, people walk away from those kinds of posts feeling like they got value, even though they learned nothing of substance.

It is interesting in my opinion, because what it is essentially doing is what the media does to us, where there is no need for consistency or to actually offer value, it is all for entertainment purposes. People feel like they are "getting something" when they aren't actually making any changes in their lives whatsoever. But, the things that affect our life direction the most, are the small experiences and the little bits of information and understanding that affect our habits *over time.* These things, we barely notice are happening, if notice at all, because we are blinded by the big and shiny, the complexity, the shill. 

I don't shill or exaggerate, I have no need to - all I do is express my understanding the best I can in the hope that it will lead me to where I want to be, and help others get to where they want to be. In my experience, it is through analogy and metaphor, subtext and between the lines that have the greatest effect, as it gives the people the direction, but the space to think for themselves, rather than act like robots, repeating what they have been told.

At least, I think that building personal and shared stories is an important part of not only improving our processes and outcomes, but also developing a strong community. Lists aren't made for building relationships and culture, discussion is. Hopefully one day, people will look back on their time *still in crypto* and be glad they spent their time understanding, rather than chasing a short gain.

>How long until you are wealthy?

Taraz
[ Gen1: Hive ]


</div>

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@tarazkp/wealth-on-a-wire)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 422 others
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vote details (486)
@adetorrent ·
$0.46
first!

Sorry couldn't help it. I don't think I've ever seen a Taraz post with no comments.  Yes that will change probably before I hit reply, but hey. lol.

Ok, now I'm actually off to read the post 😂
👍  ,
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@anomadsoul ·
XD
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@tarazkp ·
lol. Lately, they are taking a while to get rolling - perhaps people read slower ;D
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@anomadsoul ·
$0.39
Will that 25 page long doc be available to the general public or is it an private document for the company members, because it would be interesting to read even if its not my field, you can learn from everything and if its made by you with a company standard in mind, sounds like it will be pretty appealing.  
👍  
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vote details (1)
@tarazkp ·
Internal only, though some of the stories will be reworked into different formats to cater to audience type. Some are comics even :) Not so interesting for most though, as it is product specific and it is a B2B product. 
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@bashadow ·
$0.39
> How long until you are wealthy?

In many respects, I became wealthy just under 5 years ago with my lung cancer surgery. Many would see my definition of wealth a little bit odd, and would also see my reasoning half assed backward. You see until then I pretty much had a YOLO, (you only live once), kind of life. I tried lots and lots of things, life was all about having experiences, and I do not regret that for one single moment. 

A side effect of that is a lack of building monetary wealth. I had several illness that at times threatened my financial well being, such as inability to make it to work on a regular basis, and living basically on less than half pay for 18 months. It was a long road to recovery back then, but I had an understanding boss and he kept his boss from firing me. I made it back full time about two months after the ultimatum of full time or medical retirement.

Even back then I never really took the lesson of lack of monetary wealth serious, or the need to learn to build for the future. Experience was still the whole purpose of life, not money, tomorrow would take care of its self attitude. 

Hive, especially these last two years has shown me that building wealth does not need to be the end all of wealth, it is how you get there that is important. Tomorrow monetary wise has taken care of the needs, but life, (yes even in retirement), has wants and desires also. So while the needs are met, those wants and desires are pretty lacking.

YOLO life is about the wants and desires, and does not provide for the needs of retirement at all, so people need to learn to build a little wealth, your post provide some guidance and thoughts about the concept of YOLO and wealth building at the same time. You do not tell people in so much as you try to teach people. 
👍  
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vote details (1)
@tarazkp ·
$0.13
I think you have a good understanding of value. I also wonder how much "journey experience" is in the YOLO life, where potentially, a lot is seen and done, but there hasn't been the feeling of overcoming to get there. Chronic/ life-threatening illness definitely brings the possibility for hurdle experience and as such, making it over and beyond gives value to everything beyond that jump. 

Making money isn't the goal, but I don't mind making money doing something I believe is valuable, especially since I think it is valuable for me than just me. 
👍  
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@bozz ·
$0.40
I think five years is a reasonable amount of time to wait.  Especially when you consider this is kind of a side hustle and not the thing that you are focusing your attention on full time.  You also have to consider how quickly things are moving.  If someone is becoming a millionaire in days on crypto, I don't think it is unbelievable that five years should deliver some form of reward.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@bozz/re-tarazkp-2ut8vn)
👍  
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vote details (1)
@tarazkp ·
$0.04
Not a bad income for many considering "side hustle" status I presume :)

Hive has minted many different millionaires, even if they aren't directly HIVE millionaires. It is staggering really. *One day.* 
👍  
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@dswigle ·
I like the journey, building, seeing it grow, learning to manage it. I think the younger we can get people in line to start building, the quicker they will be able to live an early retirement. It has been a slow, steady move up, but, I'm okay with that. 

How has work been? Good, bad, or a mixed bag of tricks?
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@emeka4 ·
$0.40
I always love reading your post and ever since I started following you, I have always learn a lot from every of your post which I don't want to miss. It is really helpful both on this platform and the real world. Keep up the good work @tarazkp for updating stuffs like this
👍  
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@tarazkp ·
I am glad it helps you. 
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@etiboy56 ·
It will be a nice thing to keep up with your plans @tarazkp 
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@forexbrokr ·
$0.40
Next step is to create *info products* like these documents to sell yourself ;)

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@forexbrokr/re-tarazkp-6bpqa1)
👍  
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vote details (1)
@tarazkp ·
Too much work! ;D
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@ghua ·
$0.40
It is great if you are able to be consistent in your plans and actions. I always had a problem with it personally, but I am trying :)
I think it is important to understand your own weaknesses and act accordingly.
You lose interest quickly? Buy some cheap shitcoins - you will lose interest soon, forget that you had them, one day you may wake up a millionaire (if you dont lose the keys) :D
👍  
properties (23)
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vote details (1)
@tarazkp ·
I don't generally buy "too many" shitcoins, but when I do, I hold until I find them and sell low, *just before they rocket up.* :D

Consistency is easier when having fun and liking the process of getting somewhere. 
👍  
properties (23)
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vote details (1)
@maxwellnewlife7 ·
Everyone is entitled to his own idea or plans
👎  
properties (23)
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vote details (1)
@rosiew ·
$0.40
Well-written as always! ;) I too, have taken my love of history, countryside and freedom and combined it with the joy I have in being part of the Splinterlands community. :) With the land expansion coming, I often compare it to what those early pioneers were feeling as they headed west, wondering what resources they would find! :) 

If we write about what we're passionate about, then we bring in the people that enjoy those same passions, and there's so much more fulfillment in that! :) 

Wealth is not everything - for me, we are to achieve happiness in the philosophical sense of the word... the Summum Bonum (the Greatest Good) :) 

Thank you for bringing a smile to my face today, Taraz! :) You're a real treasure in this Hive community!! :)
👍  
properties (23)
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vote details (1)
@tarazkp ·
>With the land expansion coming, I often compare it to what those early pioneers were feeling as they headed west, wondering what resources they would find! :)

I have noticed! :)

I think the entire cryptosphere is a little bit "frontier" in this regard - everyone has to be a little bit crazy to try, let alone survive it.

Wealth comes in many forms . Most people dislike their job, even though it puts a roof overhead, food on the table and whatever else - here, we get to earn a bit and, like our work. (I don't think it is a job)

I am glad you are smiling!
👍  
properties (23)
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vote details (1)
@rosiew ·
HAHA! Okay now I'm embarrassed. :) Thanks for noticing, I think? :) I wish everyone could find "wealth" in their day even if they do not like their job. It's important to live a meaningful life!!! :) 

Have a great day and keep smiling yourself! Hope you're feeling better these days! :)
properties (22)
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@ryivhnn ·
> a lot of people underestimate how long something is going to take

Don't they ever.

When I had my business I timed how long it would take me to complete a project on average, doubled the time and then added a buffer and then I would tell that to the client.  Most of the time it worked out fine but there was the occasion where it still wasn't enough.

And then there's always people who insist that something "should only take a few minutes/hours" when they have literally no experience with the thing in question.

> many people think my Hive content is narrowly focused because I am talking about Hive or crypto

I guess not everyone would realise that some of us come for the other stories and because there are other stories it makes the crypto side of things much more palatable for us that don't care quite as much (or are just stupid like me XD).
properties (22)
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@sapphirecrypto ·
$0.39
If you are not trying to meet demand but merely expressing yourself in what you enjoy... you create authenticity, which is by nature, attractive. I guess the idea of wealth is also relative. Some continue when they could stop... having enough money (income) accompanied by a great lifestyle and freedom is wealth in my book. Someone who keeps slogging when he could stop is not wealthy but rather a rich slave... 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@sapphirecrypto/re-tarazkp-4nw3wy)
👍  
properties (23)
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vote details (1)
@tarazkp ·
>you create authenticity, which is by nature, attractive.

I agree. For too long though, people have been driven by the algorithm life, which encourages *not being yourself* so that the platforms can generate more clicks. Number of clicks is a poor metric for what is valuable.  

>Someone who keeps slogging when he could stop is not wealthy but rather a rich slave...

It depends what the slog is. I will slog til I die - just hopefully on something I value :)
👍  
properties (23)
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vote details (1)
@szpb ·
> A lot of people think that anything can be learned with a bulletpoint list, without recognizing that what they are actually doing is following a program like a robot, not actually learning.

As a trainee within a company you might have a greater insight within the whole industry, but my point of view is the big corps do not want thinkers. They mostly want process handlers, who can be replaced by anytime, without any disruption on the company's operation. Any position that requires a great knowledge and complex problem solving skills are hardly replaceable, therefor slicing a complex tax into little peaces where a bulletpoint list is enough to handle is the optional choice for them...
properties (22)
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@technicalone ·
$0.40
Well to me not even a lifetime is enough for a paid employee like me but only a few years of time for a businessman but unfortunately a lot of money is required for any kind of business so wealth attracts wealth. In simple words, the wealthy you are, the wealthier you get by time...
👍  
properties (23)
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vote details (1)
@tarazkp ·
Yes, wealth attracts wealth, but there are asymmetries that can be leveraged by the not wealthy too - This is crypto :)
properties (22)
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@technicalone ·
Very true.
Very true.

 Posted using [LeoFinance Mobile](https://leofinance.io)
properties (22)
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@videoaddiction ·
$0.38
*How quickly do you want to be wealthy?*

I don't want it to be in a short time. Otherwise, easy come may easy go. A quick wealth might not be fortunate some of us.

*What do you think is an appropriate amount of time to build that level of wealth?*

I think 10-15 years enough. There should some time to stay that wealth.

*How many people in the world have that kind of wealth?*

I think it is the dream of many people. However, even if you retire with enough money, the problem is whether you will have energy and health to spend that wealth.

👍  
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vote details (1)
@tarazkp ·
> Otherwise, easy come may easy go. 

That is what happens to many people's earnings here :)

>I think 10-15 years enough. There should some time to stay that wealth.

That is pretty reasonable to build a steady income stream I believe. It is like building a business, the first few years, everything goes back into development and growth - after that a small living wage comes out with more going back and then finally, it is a bit smoother, with a larger wage possible, but plenty staying into develop further. 
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