What is the plan?

avatar



The plan is simple really.



image.png


Build a sustainable lifestyle based around passive income.

This can all be from one source or multiple sources but it will take time and effort.

Today has just re-iterated the volatility of crypto. We are still a long way away from being able to depend on it as a steady form of income in it's current state as it could easily lose 80% of it's current value in a very short space of time as it has in the past.

That is why we are still playing such a dangerous game.

While i have gone full time crypto, i wouldn't like to depend on it for my lifestyle. Instead it is vital to have some safety nets in place until that time does come around.

hopefully in the next couple of years.

Stacking layers upon layers of income until they reach the right level to be comfortable. The good news is that crypto offers so much opportunity that it will be possible over time to get there. Every year brings more new projects and a higher base to work from. Raising this base every year is vital but by adding to your revenue streams, it will naturally grow over time as you keep stacking.

Something as small as delegating to monster-curator with $50 of tokens will add up massively over five years. That is the beauty of compounding those gains over time.

A lot of the risk can be taken out of the equation be having multiple streams of revenue and lots of stablecoins where possible.



Loving those HBD returns.




While my hive power balance is the biggest goal that i have set this year. HBD is up there as well. Just in a longer term proposition. This will be built up over years rather than months. 12% APR is very attractive.

At $250,000 it would be enough to cover my cost of living comfortable through the interest payments, not even taking into account everything else that would be bringing in a few dollars every day.

I know that sounds like a crazy amount as my total account balance after 4 years is only worth $80k after a big pump to current levels but gains are exponential. The longer that i am here, the more that my daily income rises to.

I did 13 years in my job with very little to show for it but five years of stacking HBD and compounding that interest would go a long way to getting there. Or at least make a good dent in the cause. With 13 years in crypto, i would expect to hit it quite easily.

That is more than i will ever get from working for anybody else.

13 years is a long time but I've done it before. Why not aim for it again. 13 more years on hive to build out my savings account and be set for life?

It doesn't sound too bad when you put it like that does it?

Until then i will struggle away daily to try and scrape a few more hive together and help me on that journey.

Posted Using LeoFinance Beta



0
0
0.000
6 comments
avatar

I hope this will be a great year for me as well to make easy money on hive blockchain. To save more HBD and reach my Hive power goal

0
0
0.000
avatar

I look on this pullback in crypto as a great opportunity to bring some more Euro across into this world. I am a long way from having the goals you seem to be pushing towards but as a famous shop in my home country once said 'Every little helps'.

0
0
0.000
avatar

Good luck. At 12% APR, you would be getting $2,500 a month for living expenses. I think that is enough to survive for the month depending on the area you live in.

Posted Using LeoFinance Beta

0
0
0.000
avatar

People seem to get really confused by the term passive income. Hive is unique compared to other content creation platforms in that posts do not pay out in perpetuity. It closes after 7 days and then you have to put more actions in to reap further benefits. There are often incremental gains but this is different from a passive income like having a book published and getting long term royalties. Hive looks worse when you consider all the liabilities associated with it but it has become increasingly audit resistant so these liabilities are often obfuscated or hand waved away which is another liability should the fraud here get the attention of authorities that can do something about it.

0
0
0.000
avatar

Yes, that is how you do it. You have to dedicate years and diversify. Solid opportunities and speculative. When you build a position in a coin that does 100X or more it speeds things up tremendously.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I think holding HBD is the next big thing now

Should the HBD be locked in savings or in just normal HBD before one can receive the 12% apr

0
0
0.000