Activity Lesson 2

Bitcoin Monetary Revolution
#846

I have been running a Value Averaged crypto portfolio for a number of years now. I run it rebalanced monthly for a financial year, then reset it at the start of every financial year, this way there is cash tied up in an account for the sole purpose or tied up in crypto purchased for the portfolio, the end profit or loss is not realised until the completion of the financial year, lowering my time preference for value based investments.

A Value Averaged portfolio is similar to Dollar Cost Averaged portfolio, however it targets an increasing rebalance value rather than a deposit value, profits are taken at rebalance when the portfolio exceeds the new target value. Should the value be less than the target, money is spent to raise the portfolio value to the target for that rebalance period.

#847

I should do this as well:

iamchaoticcoder
I could set a goal to select several YouTube videos and total that time, then take that time instead to continue IvanonTech course work.

#848

Iā€™m pretty well disciplined in terms of my fitness and saving habits. However, my ultimate goal is to be self-reliant in terms of earning money and the projects I work on so that I donā€™t have to work for someone else and I can be fully in control of what I work on and when (freedom).

To reach this I could be much more disciplined (and organised) in spending time everyday to work towards those goals. I go through motivated and productive phases but ultimately end up changing ideas and never see a project through to completion! So less talk and more action/conviction needed!

#849

Spending time getting a meal plan together which is healthier after workouts or excercise. That way my diet can be regulated and controlled.

#850

If I had created a stricter workout schedule for myself instead of working out just whenever I had some free time, I could benefit more in the long term.

#851

I would increase my daily meditation from 4 x 10 minutes a week to 7 x 30 minutes. I notice when I do it more I have better focus, clarity and feel less stressed throughout the day. I could do this my getting up earlier but man I love that bed!

#852

education , like this academy , itĀ“s not instant gain( not financially anyway) but iĀ“m sure it will pay off later

or drinking less :smile:

#853

Wake up a bit earlier for a yoga practice.

#854

For me, my change has to do with education. Iā€™m a good learner. You can throw a book at me and I can learn its content in no time. Now that I have decided that I want to become a blockchain developer I want to spend as much time as possible learning so that I can make the best use of my time in the shortest amount of time. To achieve this I have to give up the instant gratification I would get from taking longer brakes especially in the evening. Instead of calling it quits early in the evening after a day of study at 1800 hrs, just imagine what an extra 5 hours of study could achieve over a week studying from 1900 to 2400 hrs. Thatā€™s 35 hours extra study time per week which is almost a normal personā€™s full workweek on the job. This is what Iā€™m doing right now and it will have a massive impact on my results. Iā€™ll gladly give up the instant gratification of hanging out and relaxing in the evening for the long term gratification of hanging up all my certificates on the wall and getting that blockhain developerā€™s job 12 weeks down the line.

#855

Instead of spending time and energy learning everything at once. Concentrate on one subject at a time.

#856

I will start studying 1h per day instead of watching youtube/playing on my phone (instant gratification). Overtime this 1h/day will add up to lots of learning, which will bring delayed gratification in the future.

#857

Q. Propose a change you could make to one of your habits, that would reduce your time preference from high (instant gratification) to low (delayed gratification) time preference. It could relate to any aspect of your life (financial, diet, exercise, relationships or education).

A. I already have a lot of financial discipline to be honest. But one thing I do too much is order food instead of cooking. And that is why tomorrow at the cabin Ill cok my food!

#858

I order take out a lot. I do work long hours but if I cooked and meal prepped instead of getting the instant gratification of delivery, I would save a lot more.

#859

I would make more time to do this part of the course. Some of the Q & A sections in this course and others I feel would be far more efficient as a multiple choice question or quiz. But that could just be me excusing my own procrastination.

#860

During these lockdown days i have been eating too much too late at night. Perhaps Iā€™ll start a cutoff time at night to stop eating and increase that time weekly.

#861

wake up earlier to have more time in the day to be productive (spend more time doing these courses)

#862

I could reduce quick and easy meals and cook from scratch daily

#863

I would definitely act now, rather than later and no accomplishment has done in a day.

#864

I could stop drinking as much Starbucks coffee lol. At $6-$7.00 bucks a coffee that works out to almost $2200.00 a year.

BUT I LOVE COFFEE, SO MAYBE JUST DROP IT DOWN TO 3 TIMES A WEEK LOL :slight_smile:

#865

Replacing mindless entertainment with content that more directly builds skills that will pay off later. Not that thereā€™s no value to watching streamers and ā€œjunkā€ (there is), but consuming less of it will benefit me.