This is it, 2022 is the year I flip my own personal narrative. I have owned and operated a restaurant on the island of Sumatra, Indonesia for the last 7 years. How I got here and that journey is a story for another time. The restaurant has been quite successful over the years with good turnover and 30+ staff, until the dreaded pandemic. Almost two years later and C19 still has an overbearing effect on our lives and the economy and the constant grind of trying to keep this business afloat has taken a very big toll both mentally and physically.
It wasn’t until about mid 2021 that we realised it is probably not a battle we won’t to fight long term. With the market changing and the direct effect on the economy I realised we would need to find a better way to create an income. The idea of selling the restaurant is certainly a good one but potentially at great loss if we were to sell it in this market with the pandemic still in effect.
So there in lies the plan to manage the restaurant and participate in the defi space to produce a passive income to:
- Help relieve the stress of our struggling restaurant. If things are quiet or more lockdowns come into effect we can utulise some of the funds from the defi strategies to help pay for costs or wages.
- Eventually I want the passive income play from defi to out perform the income from our restaurant. Once this happens we will start putting into effect the process to sell our restaurant and hopefully not be so rushed and lose a lot on the sale.
Since September 2021 I have been on a tear learning as much as possible about crypto currencies and the world of decentralised finance. I have invested in blue chips, degen plays and been rugged a few times in just a short amount of time, but all this equates to a learning experience and I truly believe I have enougfh experience under my belt to truly take part and make better decisions moving forward.
The Plan for 2022
With the daily grind of running a bricks and mortar restaurant I have to find the time to focus for investing, yield farming and various other forms of defi projects to help build small bags into medium bags and then eventually large bags. I have decided to make the morning routine part of my daily defi grind.
- 7:00am Wake up and have breakfast. During breakfast briefly look over my investments and look for possible opportunities or risks I need to attend to.
- 9:00am I open the restaurant and make sure everything is prepared and ready for the day so when the morning staff arrive they are ready and help finish off the opening chores. This takes around 1.5–2 hours. A good chance to listen to potential market updates from YouTube crypto channels and the likes. (Youtube and Twitter are simply invaluable learning tools for newbies in the crypto space)
- 10:30/11am until 12pm is coffee time and is usually a quiet time for our restaurant as Indonesians usually prefer on a local cuisine for breakfast and not the mix of western dishes we serve. This is when I sift through my entire crypto portfolio and asses the yields and make potential decisions to move to other farms, take profits or compound my investments depending on the prices and the market trends.
4. If the lunch time period picks up and more help is needed to cover to the restaurant I drop my research and give an extra hand in the restaurant to make sure everything runs smoothly during the busy time.
5. Earley afternoon I will finish off any yield farming that was unfinished earlier.
6. 3pm until 7pm it is time to head home and catch up with the wife, relax with dinner and potentially watch some more updates from Yotube crypto channels like CryptoBaner or InvestAnswers or some low level degen players.
7. 8pm until the restaurant closes it is time to once again help out with the evening shift and make sure everything is running smoothly. On slow nights where my help is needed I will spend every other moment resesarching and learning again in the crypto space. Never stop learning.
Well that is a rough layout of my daily plan for 2022. The moral of this story is to spend every waking minute that does not involve running thje restaurant in participating ion the defi space and growing my investments and growing my passive income.
The Goal in 2022
To flip the earnings of my restaurant by earning more passive income monthly from crypto and defi than the profits that my restaurant turns over. At that point I will be in a much safer position to sell my business and achieve the right sale price by not rushing things. This sale will provide the potential to secure my passive income and financial freedom to pursue the crypto space full time. Watch this space…
