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Looking for Advice - Financial strategy

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by COINS NEWS 98 Views

Hi I am looking for some opinions on how to handle my financial situation.

A couple of years ago I started running a node for a small protocol, the revenue started at less than a dollar a day but now has grown to about $300-700 a day depending on the price of the token. Last year I made about $30k and am on track to make about $100-200k depending on how the price of everything performs on this bull run. I've been torn between retaining my growing stake or converting it to ETH and start running validator nodes to continue growing a recurring passive income base or cash everything out to pay off the student loans / car loans of me and my spouse...

The revenue I generate right now is based on the shaky basis of a few large delegators to my node and could go away at any point. That reality is stressing me out since I don't see it as that I'll have this forever. I am torn between trying to build up my own stake in the currency to make myself self-sufficient, turning up nodes on other protocols to diversify, go all in to ETH and set myself up for running validators or realize the gains and just pay off my real life debt now and cash in while I have it possible... (about 70k in loans)

I am curious how people would handle this if it were their situation...

submitted by /u/nightwolf92
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