Fresh Outlook for 2021
When I found this post by @thecallmedan last week encouraging Hivers to share their Financial Goals for 2021, I immediately thought, "Dang! I just posted mine!". Well, these were my Hive goals for the year, but I might as well write down my overall financial goals which so far are just drawn inside my head.
For the past years, we have been trying to repair our finances - you know, some not-so-well-thought-of decisions that have snowballed and eventually knocked us off our footing. We're slowly coming out of that and this year will be a turning point for our debt-free objective.
Which is going to be your investment strategy for 2021?
- Emergency Fund
This is the year that I'd like to rebuild our emergency fund. Stash it away in a bank account that we basically cannot spend easily when times get tough. I have a PHP savings account that yields a higher interest rate than my other bank, so I'd keep a portion of my monthly remittance (we live overseas) in this account.
- Crypto Assets
I guess this also answers the second and third questions - any specific assets that you want to invest in, and preferred assets -- I'd like to increase my crypto bags this year. The current bull run is not the time that I can say, is life-changing for me, but it is inspiring enough to believe in this asset class and finally invest a portion of our money here.
- Stocks
Over the past months, I have been trying to learn the ropes of stocks investing and trading. There's still a lot to learn in terms of trading, technical analysis, and all those stuff, but starting to accumulate some units won't be bad for a start.
Do you have a plan or a set of goals on how to use and grow your stake?
As for Hive, I mentioned above that I have laid out my 2021 Hive goals in my January Hive Power Up Day post. To summarize, this year I want to achieve:
- 10,000 Hive Power. I am currently sitting at ~4,500HP (roughly 500 HP monthly target)
- 5,000 Leo Power target - an ambitious one, but realistically 3,000LP
- Accumulate more HE Tokens
Investing in Myself
Finally, I would like to devote more time to upskill, even learn new skills to better equip myself should I decide (or not) to go back to the corporate world. While going back to the corporate world may not be a priority at this point with the virus still posing a threat (lots of things to consider if ever I would go back to work), it is never a waste of time to learn something new.
Before I forget... "Price Predictions"!
I love Hive. It's sad that when most alts are seen taking off this bull season, Hive just doesn't seem to budge a notch. I'd love to see it go to $5 or even $10, but I'd be happy if it reaches $1.
As for LEO, this amazing LEO, just keeps roaring. It's now almost $0.50, who knows how much more it'd go? $5 is not far from possible, I think. $10? Why not?
But yeah, I'm not the expert here. Don't mind me. 🚀
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Some good goals and aspirations here! An emergency fund is definitely a critical thing to have in life, especially considering all of the nonsense going on right now showing how much that is the case.
We all make financial mistakes, it's understanding that it is a mistake and getting to the point where we can unravel that is where it sometimes takes the most effort. Some don't realize a mistake until they are in an incredibly bad and deep hole, not good!
When you posted your other one, I laughed a little bit because it was basically this post but missing a few components, oops! hehe. We can't see all the things going on though lol so glad you found this one!
Yeah, it is important to acknowledge the mistakes and make amends. We'll get there!
I saw the contest announcement literally a few minutes after I posted my power up cum goals post. LOL. Didn't feel like going back to update the other one. :D
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All the best with the goals!!
I want to believe that Hive is a sleeping giant, about to wake up and roar
And then we'd be like the Bitcoiners who are doing the happy dance right now :D
Thank you! <3
Yeah, it'd be super awesome when that time comes! Can't wait. :D
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