HBD will mostly be my ticket to financial freedom

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I have been thinking about how I should be handling my assets after my financial freedom but first of all, I was wondering how I should attain my financial freedom. That's going to be a separate article for discussion. However, I guess Hive can be a good choice to hold our assets and keep getting passive income after we reach financial independence. Especially after HBD was made a good stable coin, it gives a good secure feeling to hold HBD itself than other coins. There is still a small price fluctuation but it is not going to matter so much.

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I think HBD is the best coin to keep all my funds after attaining financial freedom. I was initially thinking that it will be good to keep the funds diversified in many places but then thought that it will be nice to keep it in one place that will give a decent number every month and also just one place would make a lot more sense to take the funds out every month for expenses.

How much would be a reasonable value to reach financial freedom for me?

I was thinking that reaching 300k USD will be my ticket to financial freedom. I don't want to be greedy and go anything more. 300k USD is close to 2 crore in India which is enough to have a great sophisticated living. With that asset, we will be able to pay taxes to the government and live a peaceful life in India. But still, I was wondering if I should be taking all the money out to the fiat world after reaching financial independence.

After reaching 300k USD, I guess anyone can just keep it invested and live with the interest alone. If the interest from 300k USD is close to 10% then it will be close to 2500 $ per month which is more than enough to make a great living here. Most of the people who already live a good life here don't earn that much from their full-time jobs as well. I guess it is hard to make such an amount even if we work for years. But cryptocurrencies are a miraculous thing and nobody knows when they can give us good fortune.

HBD can be a good place to keep the funds

After reaching financial freedom, I think we will need a good place to keep all those funds and make use of the interest alone to survive. If we are good with the crypto world and if things are going to be green, I guess HBD can be a good place to keep our funds intact. I wanted to have a safe place where I can keep my funds in a decentralized manner. That is when I thought that HBD will be the best place to keep the funds and withdraw only the interest to make a decent living.

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Some people might worry about crypto regulations as in many countries the government has not given proper statements about their stands on cryptocurrencies. For those people, HBD can be the best place because they can keep the funds in accounts that nobody knows and withdraw just the interest alone once a month. That should be enough to run a family for months. Especially when we are keeping 300k on HBD, it should be more than sufficient to make a living out of it.

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That sounds like a great plan and indeed Hive offers us so many opportunities here that we can gain without leaving this ecosystem. HBD is attractive and the 10% return is more than decent. Besides this, you can do some arbitrage when the price goes high and buy back when it goes low.

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Indeed, just another advantage that is right here on Hive that most overlook. Billions of dollars are staked on 3rd party applications, introducing counterparty risk, yet we get 10% with HBD with very low risk.

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Debt limit/haircut and low liquidity may be a pretty big risk for HBD. If you try to exit your position during haircut, you may get much less value out than you expected.

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Yes agreed. I guess we need some promotion here to bring people from other chains to invest on Hive. If that happens Hive should soon be on top 50 in market cap.

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The plan is okey, you just need a little of smart work in it.i have same vision too.

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Yes smart work is highly essential. 100% agree on that.

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In the same spirit brother. Im about to start a project here on hive, like a daily interactive session but i need some help. Can you help delegate some HP or send little hive to me brother. I will appreciate and return it back in little time.

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Do you just want to live off hbd and not do anything else? Or do you need extra cash to do interesting stuff?

Also, are you not investing in Defi? The apr% is insane xD

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Yes DEFI APR is attractive and insane but I want to have my funds in a safe and decentralized place which I think HBD could be the best choice.

Many DeFi projects are centralized and I think HBD is the best DeFi as far as I see.

I will still continue to diversify on other projects as well. Play2Earn is something that I'll keep exploring.

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Well yes, thats truee hehe :D

I do mostly talk about Defi projects like Cub or SPS here on Hive, but I get it.
10% is also very good!

Play2Earn is good and I guess you will also continue to write, so you can earn more :D

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!BEER
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I am in agreement with you. I think HBD is going to be a sensational token on the Hive ecosystem. We are seeing a nice 10% return on it which does not sound like much in crypto but is a solid return overall.

In time, people are going to take some of their crypto gains from speculation and roll it back into HBD.

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Yep. I guess it will also be a good thing to check how many people are adding more funds to HBD every month. I'll try to fetch the data from the chain.

We have also started getting Hive rewards for our posts as the printing is high now. This is after a very long time. We will soon know if it is good or bad for the chain.

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The only risk I can point out is devaluation of the dollar, to which HBD is pegged. Your nominal earnings will be impressive at 10%. However, your real earnings will be less, depending on inflation of the dollar.

I think this can be offset by continuing to be active on Hive, or similar mining activities, which would add earnings to your HBD to keep parity with inflation.

With this in mind, you may also consider leasing Hive to earn returns that can help build your HBD savings.

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Yeah good suggestion. I guess the plan is always to stay active on Hive. Even after reaching financial freedom, I guess staying active is good and it is going to make me earn even better. !BEER

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You're reasoning is good, but the question is whether HBD can manage to remain pegged to $1. So far it hasn't achieved that.

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Yep I agree. But I believe this small fluctuation from 92 cents to 1.3$ is good for traders and long term holders and let it not go above or below that.

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I also believe that financial independence can be achieved, as you wrote, $ 300,000 could be enough. I need to reach 10,000 HIVE as soon as possible

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Yeah that should be enough. Good luck with your goals. !BEER

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10% is definitely enough so long as inflation is kept in check. I think we are in a deflationary environment so I think we should be fine on that end. How long will it take for you to reach $300,000?

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I don't know. With just posting it would take years but I have to do some projects frequently on Hive I guess to reach my goals.

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300k HBD is indeed huge amount in India and its good for life survival. You have a great Goal my friend. All the best

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Also some people would say that keeping your wealth tied to a dying currency is a mistake as the $ goes down.

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I don't know but this looks like a perfect fit.

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Have you tried to sell much HBD? I would suggest you try a few times over a few months. The liquidity isn't so great and the price has been down below $ for about a week now. I have been trying to sell some HBD for about 2 weeks and I have just not been seeing the prices I like.

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300k USD is a lot of money in my country.. How many HBD will that be if I may ask, please?

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HBD is almost equivalent to USD so it would be the same.

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