Hopefully you caught the Monday set-up in The Unbanked Series. We still have a lot to cover. So You've Thought About it, What is Your First Step? (Tuesday).
A Common Truth
No matter how much you like to go it alone, or have an individual flare to what you do, the most successful people in the world have a network. I believe the same is true here, even with the most unbanked of the unbanked.
"In a recent report, the World Bank estimated that there are 1.7 billion people around the world that lack access to formal financial services—effectively barring them from managing their finances."
- https://paxful.com/blog/how-cryptocurrencies-help-the-unbanked/
"Because of the development cryptocurrencies have seen over the years, traditional financial systems no longer hold all the power. Bitcoin and other cryptocurrencies have provided a new way of exchange."
Now that we have a way to think about things. Or at least have another perspective, there is footing to begin thinking about a suite of alternatives.
Where to even start?
It seems that for most, assuming that there is an interest in doing something different, the first step is making the decision that you are even heading down this path. Where are you at with that decision?
Assuming you've taken that first step, here's a quick checklist of steps that might be helpful to get you out of the gate. Knowing that many have started on this journey with just a few hundred dollars, here's a couple things to address right up front.
- Immediately stop frivolous expenditures - that latte, extra download or some other impulse item needs to cease near instantly, aka - now.
- Get raw and real with your self about where your baseline is. What's your total value? Even if it is wrapped up in books, movies, games or other purchases that have some value you need to know where you're at.
- A real assessment of what you need to step forward and start building your personal #fiatfreechallenge.
- The fast and deep list of who is with you on this. Do you need some heavy duty explaining to do with parents, friends, family, etc? Or is this something that you just take the first step and go?
These are all important steps in making your initial movement forward. Now we will dive into some other topics.
Be sure to follow for the Wednesday, Thursday & Friday articles that will dig into Wallets, Exchanges, and Your First step into the Crypto-verse (non-financial advice of course).
In the meantime, you may want to check out this article from a few days back that gives some more good context on the overall Unbanked movement.
