This weekend did not go as planned. My mother-in-law had to stay in the hospital (she’s fine), and my wife’s job didn’t block the right hours in their booking system, so she had to work early morning both days, which is relevant because it means our meal prep did not happen. We’re going to do our best to get that done this coming weekend, I guess.

While I was able to accomplish a few things, like more shed work and garage organization, the focus for me today is overspending on the gaming side hustle. I posted last week on the net expected FreeCash payouts and discovered a grave miscalculation. They removed the 30% bonus for using Stake. It still has the lowest fees unless I want to cash out in Amazon gift cards, but I had overspent expecting to calculate that 30% boost.

Running two games at once has my head above water, but my margins are trash. I’ll have $660 to cash out with $508 spent. The percentage gain = (($660-$508) / 508) x 100, which is 29.92%.

Now, I guess I can’t really complain about a 30% gain, but that’s not the way I should be running these games for money. The Swagbucks game, I didn’t deep-dive the material requirements for the level 25 $300 payout and actually went in the hole in spending. So, the gain off of the FreeCash itself is actually more because it’s covering a deficit.

Currently, all June payouts in BTC are $762. If I set a limit sell for a $65,000 BTC price, I’d end up with $805. If I hold out until $70,000, I’d be able to get $867. I have a limit sell placed, meaning Robinhood will auto-sell my quantity of BTC when BTC reaches $70k, but if we aren’t close by the 29th I’ll be selling it anyway. Unless, of course, it’s tanked again even lower. This money is supposed to be catapulting debt toward zero, so letting more interest accrue while I wait makes little sense to me.

The moral of this story is: don’t just chase the payouts. Be smart with the buy-in as well.

~~Miniwing~~
Parent, Investor, Stoic