For how long could you keep your lifestyle without any income? \ stacker news ~bitcoin

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For how long could you keep your lifestyle without any income?

5487 sats \ 49 comments \ @Emblematiz 23 Mar 2023 bitcoin freebie

I only have money for paying rent, bills and food until the next month. I don't have a job yet and I already spent my savings. I'm looking for a job but if I don't get one or any income by the en of the next month I will have to move and find a way to survive. This made me wonder about the financial situation of the people in this forum.

< 1 month9.5%

1 month8.1%

1 - 3 months5.4%

3 - 6 months12.2%

6 months - 1 year16.2%

1 - 2 years17.6%

2 - 5 years14.9%

5 - 10 years5.4%

10 - 20 years6.8%

> 20 years4.1%

74 votes \ poll ended

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100 sats \ 1 reply \ @TheL0wner 23 Mar 2023

3-6 months or so for me, could probably stretch that up to one year maximum depending on other factors.

0 sats \ 0 replies \ @Emblematiz OP 23 Mar 2023

With that time you release some pressure but still not able to relax too much yet. I hope you can extend it

10 sats \ 0 replies \ @grayruby 23 Mar 2023

I put 2-5 but reasonably it would be longer if I was willing to take all of my savings, investments and equity in home to zero.

10 sats \ 0 replies \ @mrtali 23 Mar 2023

There will be always income. Mind cannot stop working ;)

10 sats \ 0 replies \ @broadmode 23 Mar 2023

Long enough.

10 sats \ 0 replies \ @pi 23 Mar 2023

The biggest expenditure for me are school fees. Private education is not cheap! It would all depend on how well Bitcoin does.

10 sats \ 0 replies \ @Darkbulb 23 Mar 2023

Church can help. You might have to work outside of your profession. Skilled trades (plumbers, laborer) always need help and usually pay at par

1 sat \ 2 replies \ @JohnRawlins 24 Mar 2023

i live on the wire.

0 sats \ 1 reply \ @Emblematiz OP 24 Mar 2023

What does it mean?

0 sats \ 0 replies \ @JohnRawlins 24 Mar 2023

it means im on a fixed income and essentially poor. compared to how people aspire to be, and most exist in the first world. but im not complaining, either.

1 sat \ 6 replies \ @TheBTCManual 23 Mar 2023

I think that with inflation going the way it is, having cash savings is a hard pill to swallow, yes I earn in fiat so I have some to pay bills and a little in case of emergency but I can see that the amount of "months/time" those savings can keep me going gets less and less as the months go by, only saving grace is how bitcoin is offsetting that decrease

1 sat \ 0 replies \ @Emblematiz OP 23 Mar 2023

That's true, a more accurate projection should include inflation.

Although, for times less than 1 year I don't think it will affect that much unless it is a big hyperinflation. I hope the people with more time than that be able to protect their savings against inflation.

0 sats \ 4 replies \ @sudonaka 23 Mar 2023

Have strike or cashapp available to quickly convert to fiat for emergencies until bills can be paid directly.

If you are in USA cashapp is by far the fastest and easiest way to put Bitcoin on a fiat dollar debit card.

I can lightning into cashapp and have all lightning funds available as dollars within 10 minutes

1 sat \ 3 replies \ @TheBTCManual 23 Mar 2023

We don't have an LN to fiat rail here in South Africa, I would have to go through a P2P market or buy vouchers via bitrefill, bit of a ballache, while the currency is dog shit, still gets you stuff, why spend the good money when you can spend the bad, right?

0 sats \ 2 replies \ @Emblematiz OP 23 Mar 2023

How easy/fast is to use p2p markets there? Do you use binance? Have you tried robosats?

10 sats \ 0 replies \ @TheBTCManual 23 Mar 2023

There's a reasonable P2P market on Paxful, premiums are a bit steep, only payment method I could access on robosats would be paypal, then I would need to push that fiat to my bank account and declare it as foreign income to get the fiat swapped from USD to Zar, ball ache of note and add that to my income tax for the year, ball ache of note

0 sats \ 0 replies \ @sudonaka 23 Mar 2023

P2P is slower for now- trade off for privacy. No I do not use binance

Robosats is highly recommended.

0 sats \ 0 replies \ @MaaliMKen 26 Mar 2023

How do people have money stacked away for 3 months? 6 months? 20 years!! That's some Zen shit. I need to learn how to do it. Wow. Love you guys.

0 sats \ 1 reply \ @SpaceHodler 24 Mar 2023

Is selling BTC allowed in the context of this poll, or do we consider it the 8th cardinal sin?

0 sats \ 0 replies \ @Emblematiz OP 24 Mar 2023

Nothing is a sin in this thread

0 sats \ 2 replies \ @SatoshiNakanodo 23 Mar 2023

This is not a straightforward question. You need to consider your liquid savings but also potential returns from existing investments, minus your expenses and inflation over time. Here's a calculator... https://ffcalcs.com/how_long

0 sats \ 1 reply \ @Emblematiz OP 23 Mar 2023

That's true. This data will help only to have a broad vision of our financial status.

Thanks for the link. That is a helpful calculator, but it needs an update to allow inflations larger than 10%.

0 sats \ 0 replies \ @SatoshiNakanodo 23 Mar 2023

Ha ha! Yes, you’re right. Inflation could be infinite.

0 sats \ 6 replies \ @nout 23 Mar 2023

What skills/experience do you have?

0 sats \ 5 replies \ @Emblematiz OP 23 Mar 2023

I'm fullstack developer. Around 8 years of experience

0 sats \ 4 replies \ @nout 23 Mar 2023

What tech on the fullstack? (which prog languages and which main frameworks?)

614 sats \ 3 replies \ @Emblematiz OP 23 Mar 2023

Python, Ruby, JavaScript, TypeScript.

Flask, FastAPI, Django, Ruby on Rails, Express, React, React Native.

0 sats \ 0 replies \ @dtonon 26 Mar 2023

Please DM me on Nostr, I could need some Ruby / Rails development in the next future.

0 sats \ 1 reply \ @nout 23 Mar 2023

From info provided that sounds like a good skillset! I'm not sure if I would have any other suggestion than to create solid CV and go to as many job interviews as possible. If it would be helpful I can check your CV. Feel free to DM me on Nostr (my npub is in my SN profile) and I can see if there are any immediate red flags in the CV - I hired a lot of engineers over the years...

The other option is that you create something on your own (startup, get investors, etc), but if you have only a month of runaway, that may be too short of a timeline - so perhaps taking even boring/shitty job for 6 months could get you the time to create your own thing.

0 sats \ 0 replies \ @Emblematiz OP 24 Mar 2023

Cool, thanks. I'll send you my cv.

269 sats \ 18 replies \ @deleted231216 23 Mar 2023

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1160 sats \ 9 replies \ @Emblematiz OP 23 Mar 2023

I think the best way to improve your skills is by practice. Start building projects that you find interesting research what you need to learn to build. Do it however you think is right and then ask for feedback on the internet. People will show you how you could improve your solution and here is where you learn. Keep the cycle on and with the time you'll be an expert.

Thanks for the advice. I'll look through the jobs section here. If I have to move I'll ask friends/family to let me live with them for a while. But it is something I prefer not to happen. I hope you can find a work and keep your apartment too.

1 sat \ 8 replies \ @deleted231216 23 Mar 2023

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100 sats \ 7 replies \ @Emblematiz OP 23 Mar 2023

Mentorship would be ideal. Meanwhile take a look at some books. Clean code is a good one. Also, you could share a repo with something you have done so people can give you feedback on how to make it better

100 sats \ 1 reply \ @benstern 24 Mar 2023

Recommending "Clean code" for an amateur considered harmful.

100 sats \ 0 replies \ @Emblematiz OP 24 Mar 2023

I don't think so, but it would be great if you could share some other more suitable books.

0 sats \ 2 replies \ @deleted231216 23 Mar 2023

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100 sats \ 1 reply \ @Emblematiz OP 24 Mar 2023

Cool. Interesting project. I don't know much about PHP but I can give you some general feedback.

Following conventions is always good. It makes easier to others to understand and modify the code we write. BEM is something you can follow when writing styles.
Always write code that is pleasant to read. Avoid lines with more than 100 characters and use indentation and blank lines properly. Always follow the style guide of the language you are using.
Avoid magic numbers in your code. Use always constants with meaningful names. Same with strings.
Take into account the complexity of the functions/algorithms you write. Nested loops are too complex the most of the times. Take a look at Big O notation.
Do not store app configurations in code. Use environment variables. The twelve factor is a good methodology to follow when writing code for production.
Do not commit commented code.
Read quality code. Look for projects you find interesting and you think are high quality code and learn how their code is written.

I hope this help you. Also, keep an eye on the tech trends (frameworks, languages and tools), being up to date is a must.

0 sats \ 0 replies \ @deleted231216 24 Mar 2023

Thanks. Do you know any procedural PHP codebases that I could read? (I am already familiar with the Wordpress codebase and have made some custom functions/plugins before.)

0 sats \ 1 reply \ @deleted231216 23 Mar 2023

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0 sats \ 0 replies \ @deleted231216 24 Mar 2023

Here is the Bitejo source code: https://codeberg.org/Anarkio/bitejo As a warning, it's messy, low quality and most of it should probably be rewritten...

100 sats \ 4 replies \ @channel_ninja 23 Mar 2023

I live in my van in Europe. It's not allowed officially but I never had any bigger problems in three years. Police came by once in Greece and told me the locals there don't like me sleeping there and even suggested another spot for me to go to.

If you don't stay in one place for too long and don't bother the locals it's not a problem.

100 sats \ 0 replies \ @Busybe3z 24 Mar 2023

This is the way, hotel parking lots have free wifi. Get a power box and solar panel for some power!

0 sats \ 2 replies \ @deleted231216 23 Mar 2023

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0 sats \ 1 reply \ @channel_ninja 24 Mar 2023

How come you don’t have an id?

0 sats \ 0 replies \ @deleted231216 24 Mar 2023

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100 sats \ 0 replies \ @orthzar 23 Mar 2023

I heard in the US, people can camp or sleep in their car on "BLM land" for free (and hopefully cops won't harass people).

You heard right; you can legally sleep in your car in a lot of places in the US. In some places (e.g. Texas), your car is legally considered a part of your house. However, a few cities treat sleeping in your car as a crime, so it's worth researching before spending the night in a city.

There are quite a lot of people living in their cars on BLM land. BLM requires that you move periodically (e.g. 150 miles every 2 weeks), but how far and how long depends on the location in the BLM system.

Bob Wells is a well-known advocate for this lifestyle. He's got tons of videos about living in cars, trucks, vans, etc.

1 sat \ 0 replies \ @nout 23 Mar 2023

What exactly are your current skills? What tools do you use? Do you have your "profile" page that would showcase the things you have done? (this is all important...) Are you easy to work with, do you have good communication skills? Let me know, because I may have a smaller project for around a monthly rent worth...

One practical way to become "pro" (I know this classification is stupid, but that's where things are...) is to learn a wider portfolio of technologies - like learn React quite well and create your own website that showcases your projects really nicely.

Also learn to set up businesses with https://www.squarespace.com/ (or similar generators). A lot of non-tech businesses prefer to just talk to a person and get the result, rather than clicking in some UI - so that could be another edge for you. So expand the services that you offer this way...

ABL - Always Be Learning!

0 sats \ 0 replies \ @kevkevin 23 Mar 2023

do you have an email/way to dm I can contact you at?