Survival Revealed

Retirement for Gig Economy Workers

Oct 10, 2019

This could be an oxymoron, but doesn't have to be with help of a tax regulation and the Cash.app.

Using a self-directed IRA, you can invested in your own portfolio (a later topic discussion by itself).

Where does the Cash.app fit in? The Cash.app (provided by Square, a US-based company) has the ability to buy and sell bitcoin. This is a safe method for buying, selling and storing your bitcoin.

Why? Because Square becomes the custodian of your bitcoin. This means they setup the bitcoin wallet and maintain it. Since Square is a US-based company, they are subject to regulations, so if anything happens to your bitcoin wallet, Square is accountable and you have legal recourse (just search for stories of compromised bitcoin wallets)

Setting up your Cash.app bitcoin quick and simple and requires a valid government id with photo. If there are no issues, you will be able to buy bitcoin in about an hour. You can buy as little as 1 penny,.

Once your Cash.app account is established, you can linked your Uber GoBank Debit to the account (if you drive for Uber). Each night that you cash out from Uber through their instant payout to your free Uber GoBank debit card, you can then buy bitcoin from the Cash.app.

To buy bitcoin from the Cash.app, first you add money to your Cash.app account. If you are using your Uber debit card, I would recommend only buying 10% of your daily earnings. Once you have the funds deposited into your Cash.app account. They buy some bitcoin from the bitcoin tab bar option, where you are presented with a Buy and Sell option. The Deposit Bitcoin option is for receiving Bitcoin from other users. My BTC address is 1FjvkiYbcFiNJdM57z7Bj8LJcKRCjUqrM9 if you want to send me some bitcoin. Then press the Buy button and using the slider, set the amount you want to buy, then press the BUY link. You will be asked to confirm your purchased and upon a successful transaction, your bitcoin balance will increased. The activity log (symbolized by the clock shows your transactions plus you will receive an email of the transaction. Print and save this email as this is a record of proof for the financial transaction. A good resource for maintaining your bitcoin transactions is https://docs.google.com/spreadsheets/d/1J7Ois6bVzhIs7UL8kHxvtMa1aoepKxbvUQ1i_Xvmm3g/edit#gid=0.

When you buy your first bitcoin, you may ask why is my bitcoin balance less than then my purchase amount? That is I bought $10 but my bitcoin balance is $9.95? Is there a hidden commission, and Square says there are no commissions with bitcoin transactions. So what gives?

There are no commissions for bitcoin transactions. The difference between the purchase amount and the settled amount is a result of the spread between the buy and sell price. Currency traders have a full understanding of the spread and I recommend that you read Currency Trading for Dummies.

Your investment strategy for Bitcoin should be the Dollar Cost Averaging, don't try to "beat the system" or "get greedy."

Staying Alive during a Traffic Stop

Aug 8, 2019

We all dread the flashing emergency lights in our rear view mirror when the Police are signalling us to pull to the side of the road.

First, DON'T PANIC (unless you recently committed a crime, then only a good lawyer can help you)!

The moment you noticed the officer's vehicle emergency lights in your rear view mirror (and their vehicle will be very close), activate your turn signal and begin pulling to the shoulder of the road immediately. Even if you cannot pull off immediately because there is no safe location, by activating your turn signal, your are communicating with the officer your intentions of compliance. You are also putting the officer at ease.

Once you have pulled off to the side of the road, turn off your vehicle and place both hands on your steering wheel. If your have passengers, instruct your passengers, to place their hands on the dashboard or the seat in front of them. Again you are putting the officer at ease.

If you are stop at night, turn on your over head inside light to illuminated the interior and don't reach for your driver license or vehicle registration. Wait for the officer to approach the vehicle.

Roll down your driver side window and turn off the radio.

When the office approaches your vehicle, he will identify the reason for your the traffic stop. When the officer asks for your driver license and registration and you do not have them in hand, for example these documents are in the glove compartment or door pocket, tell the officer where they are and wait for the officer instructions to retrieve them. If you have a conceal carry permit, inform the officer and follow the officer's instructions.

While waiting for the officer, keep your movements at a minimum and always in view of the officer. You may call your emergency contact after the officer has return to their vehicle or ask permission to call. If you feel that you are being wrongfully targeted, call your attorney and have your attorney on speakerphone after you have stopped and turned off the engine. Inform the officer that your attorney is on the phone and can hear the entire conversation.

If you are a female traveling by herself, and the vehicle is an unmarked patrol vehicle (or appears to resemble an unmarked patrol vehicle), slow down, turn on your emergency signals aka flashers and dial 911 on your phone. Explain to the 911 operator there is a unmarked vehicle attempting to perform a traffic stop and you are afraid to stop but desire to reamin in compliance. Ask the 911 operator, if the unmarked vehicle is official. Follow the 911 operator instructions and remain on the line even after the 911 operator has determined the traffic stop is safe.

At the conclusion of the traffic stop, there will be one of three outcomes: 1. you receive a warning and are free to proceed, 2. you receive a citation or ticket which will have instructions on how to proceed (read the instructions carefully and contact a licensed attorney, you can find licensed attorne's on lawyers.com or avvo.com; or 3. you are arrested.

If you are arrested during a traffic stop, the officer must read your miranda rights. This is what you traditionally hear: "You have the right to remain silent, if you give up the right to remain silent, anything you say can and will be used against you in a court of law. You have a right to an attroney. I your cannot afford an attorney, one will be appointed. Do you understand your rights."

You should exercise you right to remain and contact attorney ASAP. You are not going home, regardless what else you tell the officer. The side of the road is not the place to argue with the Police. The courtroom is reserved for the arguments. Follow the officer instructions while remaining quiet. Do not event talk to your friends, if they are with your and being arrested with your as you are being recorded. Let your attorney whether private or a public defender do their job.

Extra Tip: If you pass parked patrol vehicle and your 1000 feet down the road and you see the patrol vehicle pulling onto the highway with their emergencies on, and you are the only vehicle on the road. Mostly like your did something to provoke a traffic stop. Instead of waiting for the office to catch up to you, pull off the side of the road, with engine off, overhead interior light on, window open, and wait for the officer to arrive. You put the officer at ease by not participating in their adrenaline rush for the chase.

THIS POST DOES NOT GIVE LEGAL ADVICE AND IF YOU HAVE QUESTIONS, SEEK A QUALIFIED ATTORNEY.

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Survival Revealed originally created as a pamplet in 1989 to help a person get back on their feet. Survival Revealed offers real life tips to survive life shortcomings and excel.