The most valuable lesson my parents have thought me is to never take anything for granted, have some savings for the future as you never know what tomorrow can bring. Safety is important and even though some think having a luxury life while being buried in debts is ok, it's not the way you want to live your life long term. Freedom matters a lot!
A shift in mentality is needed for the masses though, for those who still think banks are the solution and the way towards wealth. Feeding the middlemen, when you can do the job yourself is a waste of funds in my opinion and the shirt from fiat to crypto proves I'm right.
Source Pixabay
When I first registered to Steem/Hive, I didn't think much of it, I thought let's have some fun while learning English. But then, as my stake started to grow, I had to work out my financial strategy regarding the future as gambling is not my style.
Piggy Bank
Creating a piggy bank out of your account on our blockchain is the easiest thing to do. While in real life you need to earn or get the money from somewhere to put it into your piggy bank, on Hive you can earn it by spending a little time every day to create content, curate, work on projects etc. Consider the daily earnings the funds you put into your piggy bank.
Not thinking of what you can buy with your earnings can help a lot in accumulating long term. If you can see the benefits of holding long term better than spending it right away, you're already a winner.
Earning Interests And Dividends
Hive is one year old, but has a longer history and the experience we have accumulated is working in our favor. We've evolved over the four, or five year period and in terms of development, we've never been in a better position, which means more and more investment and earning possibilities for everyone.
Even if you have just registered and have little or no experience in the crypto world, you have the possibility to use other users' experience to make money.
We already have three investment projects (SPI, LBI and CL) that are giving you dividends weekly. These investment projects don't need any experience on your behalf. If you know the banker and trust the project enough to invest in it, you're already a winner. You can save yourself from the headache of investing in DeFi and dealing with transaction fees, API, permanent and impermanent losses, let others worry about it.
By delegating to different projects, you're not only earning but also supporting the community. Easy as Sunday morning.
Off Platform Investments
The newest investment project is SEED, that is different from the previously mentioned ones as it's off chain investment mostly. The beauty of the project is that we get to participate in investment projects that require big boy pants as not everyone has the kind of funds needed for DAO Market. On our own we have no chance, but thank God, I mean Empo, we're in.
Earning While Learning
One important detail not many can see is that you have the opportunity to learn on the go, while you can earn the safest way. Accumulating Hive, Leo and other tribe tokens involve no risk. Participating in these investment projects is not without risk, but we have the luxury to know the masterminds behind them and when someone gets to a point where they think it's not profitable anymore or thinks it's too risky, they can get out any time.
You may not make 10x, 20x, 100x in a single trade, but you have the possibility to learn how to get there the safest way, which is priceless.
Changing Lives
I don't have any statistics about how many are living off our platform, but there are quite a few and the number is getting bigger and bigger every day as the economical situation is getting worse worldwide. People are turning to crypto as national currencies are failing to hold their value and the only hope is crytp.
Earning crypto by investing your skills and time, crypto that can be invested on the platform while growing in value is priceless. Having an opportunity to make ends meet 24/7 is also priceless.
Posted Using LeoFinance Beta
You nailed it on this one. This is one of the better summaries of what Hive offers. Anyone who is wondering what this place has should read this post.
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Thank you Taskmaster, I hope more and more users can see it as a saving account, rather than spending every penny right away. It's working for most of us.
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If we are thinking only at Splinterlands, I think there is a bunch of us who could be living out of this. I am making more than $100 from the game, but I don't think of selling my SPS positions and continuing to invest in the future. This is why I am still not full-on crypto as you either grow to sell or grow to build a financial future. At least at the moment...
Posted Using LeoFinance Beta
I'm not into gaming, so I could not mention it in my post, but thank you for sharing your experience. It could be helpful for the undecided.
That is very true. I've been accumulating for 3 years, without selling any of it. Only this year that I started to take some profit.
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Your content has been voted as a part of Encouragement program. Keep up the good work!
Use Ecency daily to boost your growth on platform!
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This platform is really beneficials for most of the people especially those who come from the third world countries where thier fiat it not worth much. I am still learning as much as I could in earning or investing in the future.
Always nice to get reward and save it for future use just by interacting in hive.
I agree with you on that. Too bad most of these people are converting everything into their local currency. It's possible they need it, but without savings you'll never get anywhere.
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Congratulations @erikah! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
Your next payout target is 40000 HP.
The unit is Hive Power equivalent because your rewards can be split into HP and HBD
You can view your badges on your board and compare yourself to others in the Ranking
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STOPWow, that's quite a lot. Thanks for the notification. Have a nice week 😊
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Thank you @erikah, have a nice week too. 🌹
BTW, your support for our proposal last year has been much appreciated but it has expired!
Do you mind renewing your vote so we can keep up the good work!
https://peakd.com/me/proposals/147
Thank you.
Thanks for the reminder, I had a look and looks like I'm already supporting it but feel free to remind me every time it's necessary as I don't always follow proposals. :)
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The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
Hive chain offers to generate income for anyone and till now, no other chain is capable of doing this as well as Hive.
Posted Using LeoFinance Beta
I don' know about other chains as I've been focusing on Hive only. It's perfect, so I don't feel the need to look elsewhere.
Posted Using LeoFinance Beta
I'm one of them.
I know.
Posted Using LeoFinance Beta
Can you provide more information on these projects, like a link to the project account or other information? Thanks!
Yes, of course. SPI is an old project that started on the old chain, Steemit. This is the official account @ spinvest
You can learn more about LBI from this official account @ lbi-token, which also includes posts about CubLife (CL)
Tokens can be bought at the market https://leodex.io/
Let me know if you have any questions or need more help.
Posted Using LeoFinance Beta
Ah, ok. Thanks for the info.
I already heard about how hive benefits it's user's though I have brought some hive with my own money but have not be able to learn how to make the money
Three months later, this post is STILL TRUE...
As long as the platform exists and doing well, it will be true.
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