I need to change my Crypto budget yet again…
Crypto budget changes, since the Fall of FOF.
So it hasn’t been that long since the fall of Farm of Fortune (FOF).
I was building up my second Farm of Fortune account according to my $110 Crypto Budget.
My New $110 Crypto Budget
Now, I have to figure out what to do with my money…
cryptozoaunleashed.com
Now, it is time to change this budget yet again.
(NONE OF WHAT I WRITE IN MY ARTICLES IS TO BE TAKEN AS INVESTMENT ADVICE. I am not an advisor for this nor am I suggesting any financial action on your part. DYOR. NFA.)
What needs to be changed?
In my old budget I was building up some of my projects whenever I got paid from my job.
I was investing $30 into each of these projects.
- BNB Miner
- FOF #2
- MOF #2/MOF#1
Since FOF is no more then I’ll need to reallocate its funding. This time around I’ll also reallocate my BNB Miner investment, since I usually have more than $30 in that wallet at all times & can reinvest using that funding instead of from my paycheck..
This only leaves MOF#2/ MOF#1 on the list. Time to add more projects to this list.
The New List
I have also stopped adding funding to several of my projects, for various reasons.
Here is a list of projects that I’m currently active in:
- MOF#1/MOF#2
- BNB Miner
- DRIP Faucet
- FH NFTs
- Medium
- AF-Pig Pen
- TFM#1/ TFM#2
- Elephant/TRUNK token??? (I may be buying some of these tokens very soon)
I am unable to add any funding to FH NFTs & Medium. I’m at a good place in the Adstaker project, living off of its dividends. BNB Miner will take care of itself. This only leaves the following projects. (Plus, possibly some Elephant/TRUNK token in the very near future.)
I can now split my $110 deposit into several different projects, thus growing them all!
The New Plan
Now that I have my list, Now I can split my budget up.
I’ll still deposit $30 into each of these projects in my new list. Whichever account is lower, in the case of MOF & TFM, will get the investment. I only have 1 account with DRIP so it will always get the $30 investment.
It goes sort of like this…
- MOF#1/MOF#2 — whichever is lower of these 2 accounts will get the $30 investment.
- DRIP — This account will get the full investment, since I only have 1 account in this project.
- TFM#1/ TFM#2 — Whichever account is lower in this project will get the $30 investment.
Also, usually, there is a little left over after dividing it up among these projects. That will then be put into my wallet that doesn’t connect to anything. This will then determine if & how much Elephant/ TRUNK tokens I buy.
This is how it will work.
- I get paid by my job & move $110 (probably around $95 left after gas fees) into one of my wallets.
- I then invest $30 into the 3 projects listed above ($90).
- This should leave around $5 to be moved to my deposit wallet.
- I’ll also reinvest $30 into BNB Miner from its wallet’s reserves.
- At the end of the week, I’ll reconsolidate my wallets accordingly. I leave a certain amount in each wallet, according to the needs of that project. The rest will be moved to my deposit wallet.
- I’ll then pay my Tithe 2.0, as planned.
- I’ll then invest one forth of my total Deposit wallet value into these tokens, evenly (half into each).
- I’ll then repeat this step every time I get paid for my job.
But Why Do it this way?
Reinvesting into these projects helps my earnings grow. Investing small amounts on a regular basis helps me recover my investment using the withdraws that also happen on a regular basis.
- I regularly keep around $60, of my withdraws, in my BNB miner wallet. So recovering my $30 investment every 2 weeks will be easy.
- Investing $30 into either MOF account helps it grow as well. For every $30 invested I’ll increase my income by $4.50, for every withdraw.
- Investing in TFM will help me fight inflation in this project, which will then also help keep my earnings stable or growing.
- Investing in DRIP…I wasn’t going to add any more funding to the DRIP project but am starting to see the error of my ways. (More to come in my DRIP article after the beginning of the month.)
- Buying Elephant/TRUNK tokens on a regular basis gives me some undervalued tokens that I can HODL, for growth. I’ll use Dollar Cost Averaging to help me get the best pricing.
In Conclusion
Now, I’ll be growing my investments in a very stable MOF account, stabilizing my TFM account, increasing my earings in my BNB Miner account, increasing my DRIP earnings, & buying some tokens to HODL.
All of this with my new Crypto Budget!
Now I just need to remember to do it…time to set a reminder…
Thanks for reading!
Till next time.
God Speed!
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