Using Hive as an early pension plan
100k HP is the goal
I already told people here, that I am in Hive for the long game. I am not really pursuing short term gains. Unless an amazing opportunity comes ahead, I won’t let it sit there. Like with Polycub and Splintershards. But that’s all part of the bigger long term plan I have here.
For me, I see Hive as an early retirement fund. As I am forty years old right now, it should be possible to gain 100k HP in the next 3 to 4 years. Which should be able to give me a steady income of about 1500 to 2000 USD per month. At current Hive prices that is. If Hive goes 3X, so does my income… So a lot is possible here. I wouldn’t be surprised with 10X.
Extra peace of mind
That extra income should be able to give me extra peace of mind with my daytime job. A lot of pressure would be wiped off the table, because of an extra income stream that is even just reachable by curation only… Isn’t that a great thing to look forward too? It is in my opinion. And so should you. Aim high, it is definitely not impossible. By the end of this year my HP should be between 20 and 25k. Which would give me an average return of around 500 USD per month. From then on, the snowball effect will only get bigger and bigger. And so will my monthly income snowball further. Inflation proof, to the contrary, it grows a lot faster than inflation.
So, that’s why I see Hive as an early retirement plan, of course I won’t retire in three years, but my life should be a lot easier financially. And that can only be a good thing for your piece of mind.
Have a great week,
Sincerely,
Pele23
I think a lot of people use Hive and Leo as a retirement supplement or even replacement. The beauty of that is the longer you hold the more you have!
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Yep, I love the snowball effect
I also see HIVE as a long-term invesment. However, I haven't think about HIVE for my retirement, but for sure I would like HIVE to cover some of my expenses such as travelling in 5 or 10 years.
A lot is possible here and aiming high on our goals keeps us on our toes to keep striving.
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Retiring on hive daily income would be a dream come true .
But it is realistic you know.
I see whales making 500 USD a month in curation easily and with price appreciation it'll be more easy.
I have almost 125 USD curation per month wit only 18k HP
That's amazing. Compound interest will do it's thing.
Good luck in your travel
This is exactly what I am doing and happy you have also decided to get stuck in. There is nothing to not like on here and can only imagine we are underestimating what is possible. The $2k goal has long since evaporated and now aiming higher especially with HBD at 20% as who knows where this journey takes us.
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:P I guess I am the old hiver here (47 now). That's a great plan u got. what are your thoughts on the new HBD APR?
your figured above yeild an 18% APR based on HIVE and your current curation and posting.. but wouldn't simply parking your money in HBD give u more? (20% APR)
ps. i'm not suggesting this in total, just thinking about it.
That is exactly what I am doing. However, I don't want to just rely on Hive so I have been building up some Defi (just CUB right now) as an alternative source of income. I like all the projects and opportunities here.
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You've said it. Add HBD savings to that and many of us won't need external retirement accounts.
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