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The idea a Universal Basic Income or #UBI began as a technocrat utopian policy meant to help to create ‘a world without poverty’, which certainly sounds great on paper.

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In my previous essay, The Way to Financial Freedom Part 3, I indicated that understanding what is going on in the financial and technological worlds can help you better grasp our current predicament and how to escape it. The first article to discuss finance is the one you're reading right now.
The Importance of Understanding Cash Flow
Cash flow is the key phrase in the financial world. Blockchain is currently the most significant development in technology. If you have the prior preparation I described as a hypothetical situation in my first post on this series along with the willingness to take the risk, then understanding these two and how they work together to offer an alternative to our existing system can show you the path out of financial jail.
Let us start with cash flow.
The person who enlightened me about the importance of cash flow is the least that you will expect for he is not a theological educator. Instead, he is a Japanese American businessman who co-authored a book with the then-president of the United States, Donald Trump sometime in 2009. His name is Robert Kiyosaki. What I admire about this man is that though he is known as a financial educator, he acknowledges his limitation when it comes to technology.
For Robert Kiyosaki, cash flow is the most important word in business. For us to understand cash flow, we need to make three necessary distinctions.
First, the cash flow of an individual is different from the cash flow of a corporation.
For any aspirant investor in a specific company or a trader in a specific stock, studying the cash flow statement of the company is very important. This is part of due diligence in the world of investment and stock trading for by doing this, you will determine the financial soundness of a company.
Any aspiring investor or trader must study three important financial statements of the company he is planning to invest in or trade with. These are the Income Statement, Balance Sheet, and Cash Flow Statement. In the Cash Flow Statement, you will see the amount of cash generated by the company in operation, cash earned or spent on financing, and cash used in investing. Such corporate idea of cash flow is defined as:

the total amount of money being transferred into and out of a business, especially as affecting liquidity.

Second, what I mean by cash flow in this article is not the corporate kind, but personal cash flow, which includes understanding both Income Statement and Balance Sheet. (See Figure 1).
Understanding the relationship between these two financial statements is the key to sound management of personal finance to achieve financial freedom. Interpreting cash flow from this perspective refers to the direction of money, the inflow, and outflow, or the pattern of earning and spending. From the point of view of personal finance, this kind of cash flow has three patterns depending on people’s socio-economic class.
Figure 1 – Income Statement and Balance Sheet
Most poor do not see the importance of a Balance Sheet. Their cash flow is defined by their Income Statement, that is, they simply spend what they earn.
Figure 2 – Cash Flow of the Poor
Since the middle class is typically known as a social class, which income is gradually increasing due to success in small business or job promotion, they usually use their income by buying a lot, building a house, and purchasing furniture and other luxuries. Applying such cash flow to the mentioned financial statements would mean that they used their income buying liabilities and so their expenses increased together with their salary.
Figure 3 – Cash Flow of the Middle Class
In the case of financially educated rich, their cash flow is characterized by a focus on buying assets. As they continually use their income to add more assets to their Balance Sheet, their income grows. And when their income is big enough, that’s the time they use their money to spend for their liabilities.
Figure 4 – Cash Flow of the Rich
The above paragraph that explains the three types of cash flow gives us also three definitions of cash flow, which are different from the corporate cash flow statement:


the direction of money from income to expenses,


the direction of money from income to liabilities to expenses, and


the direction of money from income to assets to income to liabilities to expenses.


The third way to understand cash flow is through the board game created by Robert Kiyosaki.
For Robert Kiyosaki, understanding cash flow is very important and that is why he gave his board game this name. Making this board game is his way to teach financial education to prepare people for the world of business and investment. Doing this, he made financial education his business. In this board game, cash flow is defined as income minus expenses. So, all in all, we have at least three concepts of cash flow:


corporate cash flow statements


cash flows of three socio-economic classes, and


cash flow as used in a board game


In the introduction of Kiyosaki’s book, Rich Dad Poor Dad, he mentioned a story of the different reactions of people as they played the board game: the accountant, the businessman, the computer programmer, and the banker.
The accountant finds Cash Flow a very interesting game making accounting and investing fun and exciting. While playing the game, she was disturbed with the fact about the ignorance of most adults about the basics of simple accounting and investing. She realized that ignorance of this subject was the primary reason why most people struggle financially.
The businessman on the other hand said that he does not need the game for he could hire professionals such as accountants, bankers, and lawyers to do the work for him.
And then we have the computer programmer. He was also not impressed for he believes that all he needs is software to teach him how to invest.
And then finally, the banker. He was moved while playing the game. He realized that he studied all this stuff in school but he does not know how to apply his knowledge in the actual world of business and investment. With that realization, he saw the need for him to get out of the Rat Race.
The rat race is a financial condition of a person where the cycle consists in working, receiving a salary, and spending. Such a cycle is repeated for years until the person reached the peak of his working years and in old age will rely on his relatives or friends for his hospital bills. This is how Robert Kiyosaki describes the rat race:

If you look at the life of the average educated, hardworking person, there is a similar path. The child is born and goes to school. The proud parents are excited because the child excels, gets fair to good grades, and is accepted into a college. The child graduates maybe goes on to graduate school and then does exactly as programmed: looks for a safe, secure job or career. The child finds that job, maybe as a doctor or a lawyer. . . Generally, the child begins to make money, credit cards start. . . and the shopping begins . . .
Having money to burn, the child goes to places where other young people just like they hang out, and they meet people, they date, and sometimes they get married. Life is wonderful now, because today, both men and women work. Two incomes are bliss. They feel successful, their future is bright, and they decide to buy a house, and a car…and have children…The happy couple decides that their careers are vitally important and begin to work harder, seeking promotions and raises. The raises come, and so does another child and the need for a bigger house. They work harder, become better employees, and even more dedicated. They go back to school to get more specialized skills so they can earn more money . . . Their incomes go up . . .They get their large paycheck and wonder where all the money went . . . The children reach 5 or 6 years of age, and the need to save for college increases as well as the need for their retirement.
That happy couple, born 35 years ago, is now trapped in the Rat Race for the rest of their working days. They work for the owners of their companies, for the government paying taxes, and for the bank paying off a mortgage and credit cards.
Then they advise their children to ‘study hard, get good grades, and find a safe job or career.’ They learn nothing about money . . . and work hard all their lives. The process repeats into another hard-working generation. This is the ‘Rat Race.’ (Source: Robert T. Kiyosaki, Rich Dad, Poor Dad).

From the above description of the rate race, I see it as a kind of prison though different in degree compared to the kind of economic and financial jail based on the existing monetary system. Understanding both cash flow and the rat race, I hope that you will explore the path to achieve such a vision of financial freedom.
In the next article, I will be giving an overview of my current understanding of blockchain technology.
Grace and peace!
What is LeoFinance?
What is Hive?

Since the day I joined Hive, I've learned a lot of new stuff. That was in August 2021. I was startled to read taskmaster4450's article about the exponential age because I had never seen such a viewpoint before. It appears as though the author is from another planet.
Then, from August 2021 to February 2022, I wandered around Hive without realizing the fantastic possibility that this emerging blockchain was offering. Things didn't start making sense until March 2022.
Beginning that month, my learning process on Hive has increased significantly. You know learning and applying new ideas isn’t easy, especially for an aging man like me. They say it’s really difficult to teach an old dog new tricks.
Nevertheless, I had several first-time experiences since that month. I think that’s the first and major transition that shaped the way how I grew in my understanding of Hive.
Participating in LEO Power Up Day (LPUD), buying CUB, joining listnerds.com and @bradleyarrow’s curation trail, and writing about CENT are the new things I learned since that month. That was one year and three months ago.
The LeoThreads widespread adoption effort launched on May 1 is at a different stage of development from the growth I mentioned above. The image that comes to mind is a price increase brought on by a significant trend.
[Photo Credit
](https://www.pexels.com/photo/photo-of-person-holding-smartphone-6802042/)
My Hive activity has undergone a significant transformation after the release of LeoThreads on https://leofinance.io/ version 2 (Note: I am at a loss for words to characterize the current condition of LeoFinance). The first thing I now do every day is check the threads. Before, it wasn't like this. Naturally, there are drawbacks to this, such as a tendency to overlook important Hive events like HIVE Power Up Day and writing lengthy content.
Before the launch of LeoThreads, I have been describing myself as a “treader” though I didn’t make an official announcement about it on social media. My definition of a treader is inspired by a combination of three ideas: walking cautiously, trading, and reading. For non-native English speakers, these two words: “treader” and “threader” might sound the same.
The latter refers to microblogging and I love it because its content is not confined to a single category; it is open to all types of content. As such, threads make engagement spontaneous and online learning more easily digestible.
Reasons Why I am Bullish on LEO
Serving as an alternative to a centralized microblogging platform like Twitter is a good start but not enough.
The 10,000 USD prize pool that will be distributed within five days from now somehow made the Leo community excited. However, such excitement is short-term if not matched with a long-term vision of the growth and sustainability of the Leo projects.
Except for the above reasons I mentioned such as microblogging providing an avenue for instant conversation and digestible content, as a Web3 alternative, and the 10,000 USD incentive, the additional reasons why I am bullish on LEO are as follows:
Last 05 May, I wrote what I believe to be the benefits of making threads. I mentioned there how I agreed with this idea that the bigger transactions on the chain work to the advantage of the Hive network, the Leo tribe, and our tokens.
Another reason is related to ad revenue. If the income from advertising will be returned to the LEO token, in such a scenario, all LEO holders win.
A third reason would be LeoThreads operating as a communication hub for all the tribes within the Hive network. As such, threads can be an avenue for your content to find a wider audience.
Still, another reason is the potential for micro-earnings. We cannot underestimate the power of small things. All big changes in one way or another started with small steps.
Closely connected to crypto earning, I think if the recent idea suggested by @taskmaster4450 about the collateralization of the LEO assets will be considered for implementation, we have a solid reason to be exceedingly excited about the future of our platform. Given the fact that the world is in bad need of quality collateral as TM repeatedly argues, I think the LeoFinance can enter that space to fill up such a demand.
Above all, I enjoy the fun of threading in connecting to other Hivers, lions, and other tribes. To conclude this post, I agree with @meitanteikudo’s poetical description of threads:

a joyful playground, a joyous meeting where everyone’s voice is heard, a friendly tour guide, a vibrant marketplace of perspectives, and even radiant stars that shine brightly in the LeoFinance galaxy.

Grace and peace!
What is LeoFinance?
What is Hive?

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Splinterlands is a popular blockchain-based collectible card game (CCG) that has its own native cryptocurrency called Splinterlands Token (SPT). The game offers numerous opportunities for players, investors, and content creators alike. Here are some key opportunities associated with Splinterlands (SPT) cryptocurrency:
Gameplay Rewards: Splinterlands provides an opportunity for players to earn SPT tokens through gameplay. Players can participate in ranked battles and tournaments, complete quests, and earn rewards based on their performance. These rewards can be in the form of SPT tokens, which players can then utilize within the game or trade on various cryptocurrency exchanges.
Play-to-Earn Model: Splinterlands follows a play-to-earn model, which means players can earn a significant income by playing the game regularly. Skilled players can compete in the ranked battles and tournaments to win rewards, including SPT tokens. This allows players to monetize their gaming skills and dedication to the game.
Token Utility: SPT tokens have multiple utilities within the Splinterlands ecosystem. They can be used to purchase new card packs, access special events, participate in tournaments, and upgrade existing cards. The demand for SPT tokens increases as the player base grows, thereby potentially increasing the value of the cryptocurrency.
Trading and Investment: Splinterlands has its own marketplace where players can buy, sell, and trade cards using SPT tokens. Players who have acquired valuable and rare cards can sell them for a profit, thereby creating an opportunity for trading and investment. Additionally, as the game gains popularity and the player base expands, the value of certain cards may increase, presenting investment opportunities for collectors and traders.
Content Creation and Streaming: Splinterlands has a vibrant community of content creators and streamers who produce gameplay videos, tutorials, and strategy guides. These creators can monetize their content by receiving tips and donations in SPT tokens. As the game continues to grow, there is an increasing demand for engaging and informative content, creating opportunities for content creators to establish themselves and earn income through their creations.
Blockchain Benefits: Splinterlands operates on the Hive blockchain, which provides transparency, security, and ownership of in-game assets. The blockchain ensures that the scarcity and uniqueness of digital cards are maintained, preventing duplication or fraud. This opens up opportunities for players and investors to securely own and trade digital assets without relying on centralized platforms.
Community Governance: Splinterlands has a decentralized autonomous organization (DAO) called the Splinterlands Governance Body (SGB). SPT token holders have the opportunity to participate in the governance process by voting on proposals and decisions related to the game's development, new features, and rules. This allows token holders to have a say in the future direction of the game.
It's important to note that cryptocurrency investments involve risks, and the value of SPT tokens can fluctuate. Therefore, it is advisable to conduct thorough research and due diligence before participating in any opportunities related to Splinterlands (SPT) cryptocurrency.
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As I woke up this morning, what crept into my heart is the present shift of government that just happened in my lovely country Nigeria. The new regime began on 29th May, 2023 with a handing out proceedings which led to the emergence of the new government.
Immediately the new president came on board, in his first speech the issue of fuel subsidy removal was included which really shook the books and crannies of the nation. The next day, the fuel price per litre increased to 530 naira which really distorted lots of things presently.
In my dear nation, the price of fuel virtually determines the price of every other products in the market.
Yesterday, I embarked on a journey to a new by local government Area hmmm the transport fare was increased almost by 100% I had to pay like that. How would one cope with this? In a country where the economic status remains the same with no increase in salary/welfare package how would one survive this sudden change? Is there hope for us again?
I will like to share some practical ways that would help you stay relevant and empowered even amidst of the present predicament.

Kindly diverse or diversify your income source instead of depending on one. I realised that one of the stable income source is hive blockchain. It's high time for people to delve into hive and explore all the possibilities that had been dormant there. Since my journey in hive, I have really improved my writing skills and passion towards other communities.
Your hobby can also determine your choice of a community where you can be engaged with activities.
Patience is another virtue that I would those of us from this country to implore. Let's give the new government time to settle down in order to start fixing the things they can.
Since there's no reasonable increase in the income, one must try to shrink some things that might not be of urgent need. Scale of preference is cardinal in the present situation. What you can't afford just be calmed .
Time management is also very important. Don't waste much time on unproductive events.

FINALLY
Don't compete with anyone because all fingers aren't equal neither are they same. Persevere, pay the price and keep striving towards improving your finances by securing more opportunities to better your life and family.
thanks for visiting my blog.

Most Attractive Way of Earning an EXTRA INCOME without INVESTMENT

Pinnawala Elephant Orphanage can be considered as an orphanage, nursery and captive breeding place for many wild Asian elephants.

It was founded to care and protect wild elephants found wandering in and near the forests in srilanka. It is located at Pinnawala village 13 km northeast to Kegalle town in Sabaragamuwa province in srilanka .

Pinnawala has the largest herd of captive elephants in world. In 2011 there were 96 elephants including 43 males and 68 females from 3 generations in Pinnawala .

The natural environment and healthy care and feeding in Pinnawala made the elephants breeding successful. Most of elephants in Pinnawala are healthy and attaining their adulthood. A few disable elephants are given residential care . One tasker, Raju is blind and one female named Soma lost her front right leg to a land mine.

Pinnawala has arranged all facilities to attract local and foreign visitors.

From that income they used to maintain the Orphanage. The Pinnawala Orphanage has become a very attractive place for tourists. Visitors to the park can see the care and daily routine of elephants such as bottle feeding of elephants calves , feeding the other elephants and bathing in Ma oya ( river ).

So, don't forget to list this place down in your travel journal as a place you should visit one day!

• ғᴏʟʟᴏᴡ ᴜs , ʟɪᴋᴇ ᴜs 🏻 ᴀɴᴅ ɢᴇᴛ ʀᴇᴀᴅʏ ғᴏʀ ᴀɴ ᴀᴍᴀᴢɪɴɢ ᴊᴏᴜʀɴᴇʏ!

#travelsrilanka #travelphotography #travelling #SriLanka #tourism #tourismsrilanka #StaySrilanka

I am looking forward to the day that I can upvote some nice posts on SoMee where I make the content creator’s day because of the nice and juicy upvote and making a nice “passive” income doing that

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Bitcoin, the pioneering cryptocurrency, has gained significant attention and popularity since its inception in 2009. However, its decentralized nature, volatility, and potential risks have led to debates about the possibility of governments considering the outlawing of Bitcoin. In this article, we will explore some potential reasons that could contribute to such a decision.
Regulatory Challenges:
One primary concern for governments is the lack of regulatory oversight in the cryptocurrency market. Bitcoin's decentralized nature allows for anonymous transactions and can potentially facilitate illicit activities such as money laundering, tax evasion, and illegal transactions. Despite efforts to establish regulations and anti-money laundering measures, the anonymity provided by Bitcoin still poses a challenge for authorities to monitor and control financial transactions effectively.
Financial Stability and Consumer Protection:
Bitcoin's extreme price volatility can disrupt financial stability and endanger consumer protection. The cryptocurrency's value has witnessed significant fluctuations, often driven by speculative trading, market manipulation, or unexpected events. Such volatility can negatively impact investors, businesses, and overall economic stability. Governments may see the need to protect their citizens from potential financial losses associated with participating in the volatile cryptocurrency market.
Monetary Policy Control:
Central banks maintain the responsibility of implementing monetary policy to manage national economies effectively. Bitcoin, being decentralized and beyond government control, poses a challenge to the central bank's ability to influence and regulate monetary systems. If Bitcoin gains widespread acceptance, it could potentially undermine a government's control over its own currency, leading to potential economic instability.
Cybersecurity and Fraud:
As with any digital platform, Bitcoin and other cryptocurrencies are susceptible to hacking, fraud, and cyber attacks. Despite the implementation of robust security measures, cryptocurrency exchanges and wallets have experienced numerous high-profile breaches in recent years. These security vulnerabilities raise concerns regarding the protection of users' funds and the potential for criminal activities, which could further contribute to governments considering the outlawing of Bitcoin.
Potential Loss of Tax Revenue:
Governments rely on tax revenues to fund public services and infrastructure development. The anonymity associated with Bitcoin transactions presents challenges for tax authorities to identify and track taxable income. The potential widespread adoption of Bitcoin could lead to a substantial loss of tax revenue, making it difficult for governments to meet their financial obligations.
Conclusion:
While Bitcoin has attracted a vast user base and supporters who believe in its potential to revolutionize the financial system, several factors may lead governments to consider outlawing it. Regulatory challenges, concerns regarding financial stability and consumer protection, the potential loss of monetary policy control, cybersecurity risks, and the potential impact on tax revenues are some of the primary reasons that may drive governments towards such a decision. However, it's important to note that this article explores potential reasons and does not reflect the definitive outcome or consensus on the future of Bitcoin. The cryptocurrency landscape remains complex and subject to ongoing discussions and developments. #bitcoin #btc #someeofficial #waivio #thgaming #nftm #archon #hivelist

Fantastic display of skills by both teams during the ABSA Cup Final at Woodlands Stadium today.

Congratulations to Forest Rangers for carrying the day and congratulations to MUZA FC for showing resilience.

Football is a well-known unifying factor in our country but to a large extent, a source of income and jobs especially for our youth.

Our government remains committed to supporting all sporting activities and we are confident that Zambia will get back to the league of top footballing nations because of the firm foundation that is being set.

Once more congratulations Forest Rangers for the win and MUZA FC for coming this far.

Hakainde Hichilema
President of the Republic of Zambia

The rise in perceived necessary income to support a family of four highlights the economic pressure facing American households as high #inflation stretches into a second year.

River Niger



The River Niger holds great economic importance for the countries it flows through. Let's explore some of the reasons why the river is significant for the economy:

### 1. Transportation:
The River Niger serves as a major transportation route for goods and people. It allows for the movement of goods such as agricultural products, minerals, and manufactured goods. This helps connect different regions and facilitates trade and commerce between cities and countries along its banks. Barges and boats are used to transport goods, reducing the reliance on costly road or rail infrastructure.

### 2. Irrigation and Agriculture:
The water from the River Niger is essential for irrigation purposes. It provides a reliable water source for farmers to irrigate their crops, particularly during dry seasons. Irrigation allows farmers to grow a variety of crops and increase agricultural productivity, leading to economic growth and food security. The fertile soil near the riverbanks also supports farming activities and sustains livelihoods.

### 3. Hydropower Generation:
The River Niger is harnessed for hydroelectric power generation. Dams and reservoirs are built along the river to capture its water and convert the energy into electricity. Hydropower is a clean and renewable energy source, and it helps meet the increasing energy demands of industries, businesses, and households. Access to affordable and reliable electricity is crucial for economic development, industrial growth, and improving the quality of life.

### 4. Fishing and Aquaculture:
The River Niger supports a thriving fishing industry. Its waters are home to a diverse range of fish species, including catfish, tilapia, and Nile perch. Fishing provides employment and a source of income for many communities along the river. Additionally, fish farming or aquaculture has gained prominence, where fish are bred and raised in controlled environments, contributing to the economy and meeting the demand for fish products.


### 5. Natural Resources:
The Niger Delta, located at the mouth of the River Niger in Nigeria, is rich in oil and gas reserves. Oil extraction and production activities in the region significantly contribute to the economy of Nigeria, as oil exports form a substantial portion of the country's revenue. The river also supports other natural resources such as minerals, including gold and limestone, which can be extracted and utilized for economic purposes.

### Conclusion
Overall, the River Niger plays a crucial role in driving economic activities, supporting livelihoods, and fostering development in the countries it flows through. Its contributions to transportation, agriculture, energy generation, fishing, and natural resource exploitation make it an invaluable asset for the economic growth and prosperity of the region.


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