The Power of Saving: Building Financial Security and Passive Income with HBD

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Hello all friends and $LEO lovers.

The saving money is one most aspect of financial planning as this severs as the safe guard in case we have any emergence or finical crisis. A littlie saving every month become a good amount over the time and play as a biggest helping hand in many cases when we need. In childhood also we use to save the money in piggy banks to save the money and many time it is for some target like purchasing any toy or game. This is very good habit which teach us good lesson for the future and continuing to the habit when we become adults is very helpful for financial freedom.

The main purpose of the saving is to keeping some amount aside which can use used when we need because of any reason like emergency or financial emergency. The saving may also serve as dual purpose if we keep the same in right place. It may be the source for the passive income along with the saving and sever the dual purpose of saving and investment. The return for the saving may also reinvest in the same instrument to increase the funds in saving. It also increase the returns gradually and regularly.

The cryptocurrency world also provide the different options were we can save the crypto currency and also has the option for locking the amount for predefined period and in return users get return and this also depends on project to project. The return mostly calculated in yearly basis and know as Annual Percentage Rate ( APR) , even the return may be monthly, quart or yearly but to compare the different project returns the the Annual Percentage Rate ( APR) is the basic units. I also invested major part of my crypto holding in Hive ecosystem. In Hive ecosystem the Hive Backed Dollar (HBD) in saving is the best option in my opinion, I am not a financial adviser but the this is best option to my knowledge. The returns are best and as per my knowledge are most rewarding option (in assured options) which has 20% APR. The Stable nature of the HBD make it more suitable option for saving a the price of the token does not fluctuate much because of the market volatility. The HBD is pegged to the 1 USD and you will get the Hive equivalent to the 1 USD when sell the HBD. Lets take a situation when the Hive price on lower side then the HBD seller will get the more Hive token (equivalent to the 1 use value) and in case the Hive Price is up then the HBD seller will get the less Hive token but the value will be equal to the 1 USD.

My HBD Saving Progress

Its more then past two years, I am accumulating the HBD in saving. I have set a personal goal to accumulate 2K Hive Backed Dollar (HBD) in savings by year-end. For the current year seven months only left. I last year I am able to add good amount of HBD in saving and the total number was more then 1k HBD. Every month the returns I received for the saving I reinvest in the HBD to increase my holding. Till now I am holding 1500 HBD in saving. Today also I claimed the monthly saving rewards which were slightly more then 25 HBD, all the clime rewards reinvested by default in the saving so the new number of HBD I am having in the saving is 1525 HBD. This time I claimed on time which is very important as if we were late for the claim the rewards will not be added in saving and which means we are loosing the 20% APR on that particular amount of HBD. Which is ultimately a loos for the users. So always be on time for claiming.

With almost 25 HBD added today and the current HBD in saving are slightly more then1525. At present reinvesting the HBD rewards form saving is the main source to increase the saving stake. Despite I missed the target of 2000 HBD in saving last year but this year I am confident that I will achieve the target. I have to add 473 more HBD to achieve the goals and with 8 months in hand I have to target 68 HBD per month. Slightly more then 25 HBD I will received as rewards form saving itself. Currently, I have over 380HBD available in liquid form.

Conclusion

Currently, I already have more then 1525 HBD saved up, which is earning me a awesome 20% Annual Percentage Rate ( APR) , that means approximately 25.41 HBD I ma earning every month. I am expecting the Dolphin status for my account this year so my main first goal is to be a Dolphin in /hive ecosystem. I am close to the required Hive Power to achieve the status.
As I already mentioned this post is not a financial advice so please do your own research before inviting anything.

What are your opinion, let us know in the comment section.

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