Crypto.Lifestyle Week 11 | Gains, Taxes, and Investment Strategies

I've been diving deep into the crypto world recently, and it's been quite a ride. I've seen some significant gains, which, of course, brings up the whole issue of capital gains tax. I did think about moving to Puerto Rico to get around it—after all, their tax incentives are pretty tempting. But, after giving it a lot of thought, I decided against it. The infrastructure and business environment there just didn't sit right with me.

So, what's my plan now? Well, I've decided to set aside 40% of my profits to cover the taxes. It might sound like a lot, but it's better to be safe than sorry. Besides, I've gotten pretty involved in a crypto bank, acquired some NFTs, and even started dabbling in financial products like Futures. It's been an exciting journey, to say the least.

I've also looked into earning through an annuity, which adds another layer to my investment strategy. I'm all about diversifying my portfolio and finding new ways to grow my wealth in the crypto space.

I'm eager to share this journey with you all. It's been a learning curve, but I'm excited about the opportunities ahead. So, follow along, and let's see where this crypto adventure takes us!