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RE: My Mindset Has Been Been Wrong About Steem All This Time

in #bloggity6 years ago

What's the interest on those loans?
You can make 2%/month leasing out your SP; so unless you think the steem price is going to drop, or the interest on your student debt is more than 24% per year; keep the Steem, but keep it powered up.

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It fluctuates with Hecs. I'm not a fan of delegating so much. I'd rather figure out new ways to earn steem on Steemit.

I have a goal of finish the debt before Jun 2020. But I'm pretty aggressive with it so I'm aiming to pay it off by the end of this year. Fingers crossed!


but its not for everyone.
There certainly are more ways to earn now than there were.
It's a great feeling to be out of debt; but remember the dollar is worth less over time.
If you can borrow $100K at 5% per year and earn 10% per year using the money, you're up $5K.I wrote a defense of paid delegations, although its quite old now. https://steempeak.com/steemit/@mattclarke/deliberations-in-defense-of-delegation

Nice one!

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