Why put HBD into savings?

in LeoFinance2 years ago

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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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Bradley

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$1m, ambitious. And I thought my $100k HBD long range target was crazy. Good luck.

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Go big or go home 😉

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I love your ambition. Cheers 🍻

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Smart move i am saving HBD too mate has to be done get that 20% wishing you much success on a massive goal.
@bradleyarrow
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Thanks my friend 😉

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HBD saving is great, I’m just annoyed by the low liquidity of trading outside of Hive if you ever have to get them out.
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This is true.

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I've been blogging on the chain since 2017 and out of all of the opportunities I've seen through the years, nothing has been more reliable or stable as HBD interest payments. No worries about HIVE "pumps" or "dumps", just hive-backed dollars growing each month.

That's just the fact @ironshield . HBD has got us cover when it comes to the situation of hive pump and dump. And it is one of my goal to also hold HBD in saving at some point and I believe the time will come that I will be able to do so.
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That's the key, keep HIVE liquid, just wait for ONE PUMP, sell the HIVE for HBD and stash it away in savings... it will always be worth what it was when you sold it and grow from there.

I will keep this advice to myself. Thanks

A lot, nothing but, truth in that statement my friend 😀

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I have my own goal in HBD savings too. Is reach 1000 HBD savings only with my post in Hive.

That's an awesome goal.

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I also have my HBD Savings too. Currently it's the saving with higher interest income. Though I still save in my local bank as I'm not comfortable with putting all my savings in one basket.

The old saying about baskets... it holds true for a reason 😉

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That is a bold goal. I comment on you for putting it out there.

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Thanks my friend. Aim so high that if you fail, you land higher than you would have if you aimed low 😉

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Aim so high that if you fail, you land higher than you would have if you aimed low 😉

That just it friend. Failure is not downfall but just part of the road to success.

Glad you caught that 😀

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Little by little drops of water makes the ocean. Keep saving friend and am sure you'll hit your personal target of one million HBD savings.

Thanks for the encouragement 🙏

!BBH

You are most welcome. Have a wonderful evening ahead too

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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.

That's right, one of the great advantages of HIVE is precisely that you can start without any investment.
Good luck with your HBD savings.

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Thanks my friend 😀

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Great idea, saving is good.
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Absolutely 😀

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Honestly the way you explain goal and how you follow it is so simple that one GM an build residual income on hive in a short time

Thank you 😊

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Thats a great goal, you are aiming. Your great work of helping others is appreciated too

Thank you 😊

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Good one! I like how you want to use the HBD to do things of greater cause. All the best in your savings!

Thank you so much 😀

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@vaynard86! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @bradleyarrow. (5/50)

You cant beat the returns on HBD! It is a great thing on Hive!

Absolutely my friend 😀

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Keep crushing it my friend
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Thanks so much 🙏

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You are welcome bro
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You have really started well and I must say that I am really motivated by your post. I think I'll key in too. The explanation is apt Thanks for sharing this wonderful info.

You're absolutely welcome 🙏

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@alovely088! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @bradleyarrow. (14/50)

I like savings in HBD but I feel like if I had a lot of money in there I would be nervous. Right now I just got to the 50 HBD per month mark. That seems good for me.

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What ever you feel comfortable with. Nothing wrong with that.

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@cflclosers! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @bradleyarrow. (8/50)

1 million, that’s some big balls goal.

Saving HBD is undoubtedly promising. I can’t wait to have my own HBD goals that’ll be scaring me everyday. Lol

Big balls are awesome. Lol

Goals so big the scare you is awesome 👌

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Exactly 👍🏿

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All the best with that journey - 1M HBD would be pretty awesome, and as you say 200k a year in interest is pretty nice !
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Absolutely 😀 thanks for stopping by.

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That's a noble goal to have Bradley, as we all need to have a long-term mindset as well when it comes to Hive. It's good to know that the number to receive I HBD per month i.s 60 in savings. My near-term goal is 10 in savings, and I have a little over 8 right now.

I end to split any new HBD earnings between liquid and savings so that I can have some on hand in order to jump in if the $HIVE price dips to a favorable level. I didn't have much the last time, so want to be ready for future cycles in order to help grow my account. Happy Savings! :)

Awesome. That is what I love. Everyone has different goals. And they are all correct.

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@evernoticethat! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @bradleyarrow. (11/50)

The HBD adds up over time and it also compounds. It's a good way to save and at the same time, it has less volatility compared to Hive.

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Absolutely 💯 percent

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@jfang003! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @bradleyarrow. (12/50)

I am saving HBD in savings to pay my real-life loan fast 🙂

Another awesome example of Hive working 💪

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@bhattg! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @bradleyarrow. (15/50)

I've got my HBD in Savings, growing month after month, too! I intend on becoming a Hive millionaire to be able to live off of the interest, and to help as many people around me as I'm able! My Hive Multi-Stream Passive-Income Machine is coming together more every day! I wish you immense success on your goal Bradley! 😁 🙏 💚 ✨ 🤙

That is fracking awesome sauce 👌

Thanks 😀

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Thanks much Bradley, and absolutely! 😁 🙏 💚 ✨ 🤙

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This is coil. I can try doing that when I get enough HP.

Awesome 👌

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Aww, I like how you always have big goals, and I have no doubts about you attaining them!

That said, HBD is awesome sauce, I have a habit of stashing a bit of them in my HBD savings every week, no matter what, it's just so satisfying😊

Happy saving Mr. Postive!

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Thanks so much my bestest friendest 😀

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