The question I ask in my title, why put HBD in savings? When I ask that question I am thinking more on the personal level. The average Hive owner.
There are some simple answers, like I can make 20 percent a year.
The problem I have with percentages is for example: 100 percent of zero is zero.
You need money to make money. But you have to start somewhere. And the absolutely amazing thing about Hive is you can start from zero and build.
So building I am. And saving HBD I am. I have set a goal to get to 1 million HBD saved in my life time. That would be like 200,000 a year interest income. I could live on that. Lol. And I could help a lot of other Hivians with that.
I could sponsor boreholes in Ghana and around the world. I could help pay for people's electricity bills in Cuba. I could make a ice yearly donation to my local children's hospital.
The list could go on and on and on.
I finally got past the 60 HBD in savings to get 1 HBD a month earned. 🤪
I like round numbers, I could say my next goal is 120 so I will get 2 HBD a month but let me stick with the 6. So next goal is 600 HBD in savings so I get 10 HBD a month in interest earnings. Then 6000. You get the idea.
This is why you need to put HBD into savings. So that you can at some point get some disposable income out of it. To make your life better then so you can help others.
That is why I am starting my road to 1 million HBD. I may or may not get to my destination but it is going to be one hell of a ride and trip trying to get there.
I am alive and Thriving.
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