Topic: your internet costs and income - page 3. (Read 855 times)

in the digital era like now the internet has become a basic need that must be met by most people. so even if for example I don't work in crypoturrency I will still need the internet. and the cost I have to pay every month to pay a fairly cheap internet bill of around $ 6 per month. and the income I get from working on cryptocurrency is enough for me to use to pay electricity and internet bills.

Well, i only pay a $50 for my internet connection per month because there are only few device and gadgets that are connected in the internet. I also mostly needed an internet in my smartphone or my laptop, so i could trade and do other things that are related to crypto, and for me to earn profit in crypto to pay all my bills even my internet bills monthly.

Spending 10-20 dollars per month is not really much and anyone can afford if they have some decent paying day job.

Online shopping cut of expenses but the quality of product will be unknown until we receive it so people prefers buying offline till for most of their purchase.

My calculation for my income from crypto is not that big to pay all my bills and my daily needs from my foods, internet and etc. for crypto uses it is enough because I am not that focus and having another job outside is a plus because if you are not earning enough in crypto you have back up funds for any case of trouble or you need to hold. so if you have job outside and a small time trader then don't swap it just make it balance so you won't regret anything at the end.

Until now, earning from crypto is enough for my monthly internet costs, even enough for my daily life. paying for electricity, taking a couple's dinner, all are from crypto. at least I have calculated each of my expenses and income, how to still be able to trade crypto and generate profits for my family life. I have calculated everything and always try to make more profit, so that it can be saved as well.

Here in our country, I pay 70$ per month because we own a lot of devices and gadgets that we need in our daily lives. Because we are in this kind of era, technologies are more advance and most of them doesn't work without electricity. In terms of internet, we also pay 50$ per month and we are so great in consuming because of those social medias, schoolworks and and for entertainments. As a millennial, it is hard for us to live without internet and electricity.

I pay around $25 for my internet bill. It's not the fastest and sometimes its unstable but it would do for the usual stuff. I don't really earn much online, I do not attempt to do fiat trade due to the exchange's spread and I've also pretty much given up on cryptotrading after trying it a couple of times.

So, I would say I'm not really earning much most of the time to cover for the internet bill but that's fine since I use it all the time (Spotify stream throughout the day and regular vid calls with relatives), not to mention it's bundled with a landline, which still have some uses.


Heck, I even use 5Mbps and it's still fine.

Anyone who has smartphone or other electronic gadgets along with internet should atleast earn 500$ monthly. If we are not doing this we are just paying internet Bill's and spending money on electronics gadget's. I m happy, I utilize my time and energy to get maximum money I could.

Here's a quick calculations:

Unlimited internet access

Cost = Monthly Internet cost divide no. of hours in a month, then multiply hours spent directly related to generating income.

Income = Earnings directly related to your internet usage in order to generate income.

Profit = Income less Cost


Mobile data internet access

Cost = Internet cost in a month divide no. of mobile data usage in a month, then multiply data usage spent directly related to generating income.

Income = Earnings directly related to your internet usage in order to generate income.

Profit = Income less Cost

It isn't really a problem if we talk about internet udage in a daily basis, because internet over time is getting cheaper yet, with increasing speed. Or if you have not much funds with you to spend in a monthly internet, use yiur mobile data, basically the use of daily sites we have is quite low in bandwidth. We could have prepaud loads and the use VPN for a connection and you're good to go already.

People who had income on the internet will upgrade into the high-speed internet level and it is now mandatory needs most of us. Of course, that's a matter of how much the usage you have when connecting server halfway across the world and it is crucial to have internet affordability. Most likely this was the barrier of most people in having an internet connection is the data cost, fastest bandwidth it means the fastest browsing on the internet.

Here in my country Philippines, it only costs 1$ for 1GB of 4G data consumable in just 3 days. It's very affordable in browsing a forum and keep working in here, it's fine if you aren't watching videos like NetFlix or youtube. I can sustain my monthly cost of the internet and it is crucial to have internet while earning on cryptocurrency in different ways.

Internet currently will became mandatory needs for every people even i think we are can't life without internet and regarding internet costs so far my internet providers give me low costs and usually i spend approximately $10 - $20 for internet monthly so compare to my earning i think it's still reasonable and pretty cheap because i'm sure people outside my country can spend higher costs for this

try to record your income from crypto currencies, it will help you have a record every month or every day of your income, and what is the price for your internet every month?

I only paid $10 monthly for my internet at home and about $15 for my smartphone data package. I think it's a fair price for the service. My $10 internet comes with about 5MBps speed and my $15 mobile data is for 50GB of 4G network. It's worth because my daily activity relies heavily on internet access. Almost 99% of my communication daily use internet. I also need it for entertainment, making money, etc.

What I interpret from your message is that you aren't talking about internet costs but the time we spend on internet which we could have used to generate income elsewhere. Well we call it the opportunity cost of our time. But this concept is pretty subjective. Your income is based absolutely on your skills and expertise. While everyone has a separate skill set each skill set is valued in market with a different income. Now for this calculation purpose I would divide people into two classes:
1.One are those who don't have any other source of income basically they rely wholly on Internet as their source of income and don't possess any other skill.
2.While second are those who have a full time job but along with that like to earn income from internet.

1. People who don't rely wholly on internet Income: These people have no opportunity cost without internet so obviously these people have no opportunity cost therefore have no "Internet Cost" in your language.

2. People who have other source of Income: This set of people have internet costs as you say but it's not necessary. for example if a person has only 8 hours of job and uses internet in free time then obviously he doesn't has any internet costs while other may have internet costs but the beauty about opportunity cost is that it can't be avoided because you always choose the more beneficial option. So basically everyone can calculate this using their hourly rate multiplied by how many hours they spend. Compare this to what you earn on internet using buying and selling and you could practically see if this is profitable or not.

It would be irrelevant once you have high capital. You could trade even with slower internet speeds, which should come cheaper. The more important thing is your income and actual extra funds that you would use on investing on different crypto-projects or coins. Even when you have a slow 10Mbps internet, you could do all those activities smoothly at a price irrelevant to your income.

to be honest i never counted how much income i get every month from cryptocurrency. because the income earned from cryptocurrency changes erratically. but the income earned from working with cryptocurrency is very enough to pay for internet fees. and even if it doesn't work in cryptocurrency I will still pay internet bills. because now the internet is a necessity that we must meet.

Handling assets, is one of the very important routine an investor, trader or other crypto currency user must do to avoid difficuly in securing their money. It is important because, there are plenty of threats around the world that puts your money into risk eg. experienced hackers that might get into your account if you have made a mistake handling your account.

the cost of the internet for me is not a problem, because the income I get is far greater, and it is true that we always need internet on a daily basis, because other activities besides trading, the internet is also needed. especially the longer because of competition between providers, I see the cost of the internet getting cheaper

I have counted all of it, and of course, I did it, because I didn't want to do anything bad. Sometimes, I spend my hobbies in front of the computer for 5 hours, well, that is the minimum. You know, right now almost all the information is on the internet, so almost every time we open it. other than that, for the internet costs in my country, it's not that big, and I make it count with other income and expenses.
we need to learn to manage finances before doing business so that we don't lose from our own actions.