I think it is a decent and at the same time an interesting exercise to gauge how your crypto earnings are doing in comparison to what is being earned as an average monthly salary around the world. 99.9% of crypto prices are down at the moment so it also gives a worse case scenario compared to the ATH peak prices which offers a false sense of security.
I can recall in the last cycle many thought they could go all in on crypto and found out quite quickly when the prices dropped that they were nowhere near where they thought they were. My aim is to one day be all in on crypto earning and living off the rewards whether it is a passive income or more who knows. I will not give up my day job as I love doing what I do and find it fun. I guess I am lucky in that aspect as the majority of people don't enjoy what they do.
Putting this all into perspective my monthly crypto earnings are the equivalent of 58 people unemployed in South Africa earning the unemployment grant. This is actually quite shocking and why crypto and being able to earn an income via staking is quite magic.
My current crypto earnings have been averaging in the $1100 range for the last 6 months to a year and this is not a salary, but adding to the crypto stack. As we know the accumulation phase is the time you grow and it never ends due to compounding the rewards on a regular basis. If everything was a constant with stable prices which it is not in crypto then this number would just organically grow.
On the flip side the earnings are being staked with the possibility these crypto prices could 10 x and then the whole comparison scenario changes instantly. The $1100 has now turned into $11000 and this is not just for the current price ,but what you have earned across the entire time period. This is the part why you need to stay consistent and not only become more interested when prices rise as it makes no difference if you earned the crypto 3 years ago as it all has the same value as what is being earned even when it is 10 x higher.
Not that difficult if you just remain consistent and tick each country off as you grow. We are definitely not going to be average monthly earners and expect many of us to be well above average in the next few years earning what the professionals are earning and possibly far more.
I do think if we continue to grow and stake in our various crypto's that we have then eventually we will be out earning those who are earning in the top ranked countries when it comes to monthly salaries. My aim is to generate $10K monthly and this is my starting figure and not the end goal. The compounding guarantees the number will continue to rise and why settling on an end goal figure is not required.
The scary and exciting part with all of this is crypto is still in it's infancy and we are still so early even having been in crypto for 8 years. Fast forward another 10 years from now and who knows what will be possible, but I can guarantee that the monthly earning figure will not be $1100 and will be multiple times more. Not that terrible considering how fun crypto is and once you know what to do it is not exactly difficult to earn.
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