Leofinance and Ecency Contest

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This is my entry into the Leofinance and Ecency Contest by @melbourneswest about my financial goals for 2021.

Why do I want to set a 2021 goal?

Well it was a fairly longer story but you can find out about how I got to HIVE here. In that post, I mention how I believe crypto is the way going forward and thus have started building financial goals towards this. I think HIVE is a great place to be at and I have built my goals here towards achievable in HIVE.

As seen in my previous HPUD, I have been setting monthly goals but I think there is still time to put a target for the end of the year. I don't know if I will make it but it will be my motivation for trying harder in the block chain. In the end, I do not wish to be bound by the current financial system and be financially independant.

My 2021 Goal

Token Goals

  1. 1500 HP (Hive Power)
  2. 1500 LP (Leo Power)
  3. 2 million staked SPORTS
  4. 2k staked CTP

I choose the above goals because doing so will generate me a decent amount of income passively through curation. I did not add any dividend tokens yet because I have a hard time picking between them. As these can be achieved by making posts and commenting in the ecosystem.

The HP I think is a no brainer considering the various different ways I can leverage this to get over 15% ARP. The LP goal is because of my belief in the LeoFinance ecosystem. SPORTS right now doesn't have much use cases but I see potential in this tribe because SPORTS is loved all across the world. They started some proposals a few months back but they have come to a standstill and there are many promising things to come. And lastly is CTP which I has lead to many new projects and tokens in the HIVE ecosystem. I think it has huge potential and plan to build my stake.

Other goals

  1. Average income of over 10k starbits a day on average in Rising Star
  2. Top 100 so I get daily HIVE rewards in Rising Star
  3. Increase my RPlanet earnings to over 5k Aether per hour
  4. Build a position worth at least 300 CUBs in Cub Finance

Most of this is just to improve the earnings I get per day and a little diversification through games. So the starbits and ranking rewards in Rising Star would at least mean I am passively earning some rewards for dividend tokens. I still plan to grow my Rising Star account but it makes for a good start to have options available incase I see some good opportunities.

As for RPlanet, it is on the WAX block chain and I plan to make a post about it in the future. I am just staking NFTs for passive income. The Cub Finance portion is more towards building some passive income through Defi. I don't trust most of the other platforms so I am focusing on Cub and start planning to add starting next month.

I think making plans is great for motivation. In order to become financially independent and work only when I want to, I want to achieve the above goals. It may take a while but I think its great tto think about the future.

Have you made your own plans? Feel free to comment on your own plans or leave me some feedback on my own.

Posted Using LeoFinance Beta



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18 comments
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Your current Rank (35) in the battle Arena of Holybread has granted you an Upvote of 27%

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Killer goals @jfang003 and I am sure the way you are going, you will hit the ball out of the park by the end of this year.

I want to set some for myself and I have briefly talked about them in some of my previous posts. This year is dedicated to building a strong 'base' for the next one. The platform has enough opportunities to create assets that can give you the residual income we all crave for.

Btw, please do check out the Dividend tokens on HE. Some of them give out crazy drips daily or weekly. My top recommendations are:

  1. BRO
  2. INDEX
  3. UTOPIS
  4. DHEDGE

Investing in them has been quite rewarding for me so far and I am stacking more & more every month. DYOR though.
All the best. :))

Posted Using LeoFinance Beta

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Who knows what will happen. I can only chug along and see if I can reach my goals.

As for dividend tokens, I know which ones they are and I have bought a few. I am earning BRO from brofi and I got a few of the other tokens. The problem is the choices and UTOPIS has definitely been the best outperformer so far.

!ENGAGE 20

Posted Using LeoFinance Beta

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APR on UTOPIS is mind-blowing. Not sure how @chronocrypto does it but it's cool with me. 😁 BRO tokens give out cool dividends too. They give out a better variety of drips as compared to others. So these two are nice choices to start with. You can explore others along the way.

Btw, keep doing what you are doing and you will hit those goals in no time.

Posted Using LeoFinance Beta

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Yea his idea of moving money from outside HIVE into HIVE has really been a novel idea. It also helps that ETH mining is profitable so we get a juicy piece of the profits. I think my average price for my 10 UTOPIS is about 2.3 HIVE right now and I might put in some buy orders next month if it dips below that. Who knows when someone will decide to dump it on the market.

I think I will probably not be buying BRO anytime soon but I will continue to delegate out some of my tokens out for BRO everyday. I think my daily earnings have jumped to almost 0.003 BRO a day and I plan to increase this by investing some of my rewards I earned.

Posted Using LeoFinance Beta

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That's cool, I didn't know so many things happening in the background of Utopis. Surely going to buy more of them.

Regarding BRO, That's a cool strategy. I don't have anything much to delegate so buying them whenever I can. Will delegate once I stake substantial amount of a few other tokens.

Posted Using LeoFinance Beta

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Thank you for your engagement on this post, you have recieved ENGAGE tokens.

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I was out of ecency points as I started another contest with PoB so I sent 4 Hive and 2 Leo.

Thank you for your participation, have a lovely day

Posted Using LeoFinance Beta

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Thanks for the tokens and don't worry about the Eccency upvotes. I was looking at the time and went I said I would enter but didn't write anything yet. I felt bad since I did say I would participate. But I think it helped me out a bit in deciding where my focus should be on.

I hope I can refer to this post at the end of the year and say I completed everything.

!ENGAGE 20

Posted Using LeoFinance Beta

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Wonderful! That was my aim in the contest. I haven't had too many takers. I don't think my upvote is big enough yet to lure people in 🤣

One day though, who knows! Glad it helped.

!ENGAGE 20

Posted Using LeoFinance Beta

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Thank you for your engagement on this post, you have recieved ENGAGE tokens.

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Thank you for your engagement on this post, you have recieved ENGAGE tokens.

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Congratulations @jfang003! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You have been a buzzy bee and published a post every day of the week

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Support the HiveBuzz project. Vote for our proposal!
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I agree with you that the hive engine is a good platform and the corrupt currency can lead to further development. It requires a lot of hard work.

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I don't think I ever said anything about corrupt currency. It was more about how blockchain technology and HIVE itself has plenty of potential.

!ENGAGE 20

Posted Using LeoFinance Beta

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Thank you for your engagement on this post, you have recieved ENGAGE tokens.

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