In Or Out? Which Way?

avatar
(Edited)

Ever since I got into CUB DeFi, I'm trying to learn as much as I can because so far it's the most interesting project on our this blockchain. Blogging is nice and I have been enjoying it for the part 3 years but I feel like I need to diversify my activity and my portfolio as well.

We're all here to achieve financial freedom, while enjoying the ride. Up until this year I haven't thought about my wallet as wealth and it has been the best strategy.

However, I see CUB DeFi as a way to invest, a platform where my money can work for me and not the other way around. Things are starting to take shape, my wallet on Hive is looking good, so is my LEO and CUB DeFi balance and this year for the first time in the three years I'm on the platform, I'm starting to take this money seriously. I see it as my future.

choice2692575_1920.jpgImage by Gerd Altmann from Pixabay

LeoFinance has changed a lot in my strategy and with the new additions they are working on, the offer will be more and more diversified and attractive. We have the chance to invest our funds in order to make a profit. This used to be banks job, but lately these institutions are penalizing, instead of paying you for trusting them with your funds.

Now we're our own bankers and how we do things define our future. It is a huge responsibility, especially if you're responsible for a bigger sum, but it is just as big of a responsibility if you have little and your every day life depends on how you handle it.

Fortunately I'm neither, my stake is still not huge and can live without touching it. Nonetheless, I'm taking my activity here very seriously.

This is why instead of cashing out a part of my stake, I'm looking for ways to put in more. The offer is too good not to take advantage of it. I feel like this is the time to invest in order to profit later. It would be nice to have a bag of cash, waiting to be invested, but there isn't. Sacrificing my Hive is out of the question, that would be a very stupid thing to do, so I need to make smart choices to make ends meet and have spare funds to invest.

I'm not the spending type anyway, having some savings for rainy days has always been more important to me than having the latest gadget or set of clothes that are trendy for one season, after that you're back to square one as something new is released. There's nothing wrong with being frugal.

Crypto and decentralized finance in general is teaching us to save. Hodling is saving, no matter how hard it may be for some. I'd like to believe the opportunity of cashing out more than you invested have been changing people's mind about how to handle personal finances.

image.png
source

I"m not the only one with this mindset. Look at the value locked in CUB DeFi, that is growing every day and the upward trend will continue in the future.

The pension system is broken in many countries and there's no hope for things to change in good in the near future. This is our occasion to work hard now and enjoy the benefits later.


presearch

Posted Using LeoFinance Beta



0
0
0.000
17 comments
avatar

I feel you on this, as CUBs have changed a lot in our perception. It is my first DeFi and I've put a good sum in it. It might be our pension ;)

Posted Using LeoFinance Beta

0
0
0.000
avatar

Same here and I think it was the right decision, numbers confirm it. I agree, it could be and should be out pension :)

Posted Using LeoFinance Beta

0
0
0.000
avatar

You are young and you have this great opportunity to save for retirement. A smart game and a little luck I think will bring you what you want. I wish everything to be as you anticipate it!

Posted Using LeoFinance Beta

0
0
0.000
avatar

Thank you @bluemoon. I don't know what the future holds or if my strategy is right, but so far I'm ok with my decisions and hope to be able to build on the foundation I've been laying for the past 3 years.

!ENGAGE 20

Posted Using LeoFinance Beta

0
0
0.000
avatar

Yes, the future is uncertain but I hope you are satisfied with the results of your activity. I would be satisfied with half of what you managed!

0
0
0.000
avatar

I probably could have done more but I'm satisfied with what I've got. It's hard work but it sure worth it.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Congratulations @erikah! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You have been a buzzy bee and published a post every day of the week

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Support the HiveBuzz project. Vote for our proposal!
0
0
0.000
avatar

There's no harm in thinking of this wallet as your wealth. What can be better if you can earn and have fun at the same time.

0
0
0.000
avatar

It's not about harm, it's about how you think of it and how you integrate it in your plans.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I'm also taking very seriously my blockchain activities but for a slightly different reason. For me the true value of tokens like HIVE, LEO or CUB is the experience we get with them which makes us better prepared for the future. After 10-15 years we might not even remember the LeoFinance or CUB DeFi platforms as they will be superseded by something much more advanced, but even if we lose all investments we'll still have the knowledge and experience which is priceless

Posted Using LeoFinance Beta

0
0
0.000
avatar

After 10-15 years we might not even remember the LeoFinance or CUB DeFi platforms as they will be superseded by something much more advanced, but even if we lose all investments we'll still have the knowledge and experience which is priceless

I totally disagree with you on that. After being here day in day out for 3 years and 3 months now, if I won't remember what Leofinance or CUB DeFi is, that can only happen if I get Alzheimer.

Even if we lose all investments? In my case we're talking about $30k at the moment. If I lose that, then what the hell I've learned in all these three years? How to lose $30k?

You're totally contradicting yourself. At the beginning of the sentence you say we may not remember LeoFinance or CUB DeFi platforms but we'll still have the experience. So we have the experience and forget where we get it? Nonsense. No offense.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Well with $30k I guess you have completely different problems than someone with less than $3k ;)
Since I'm not a seasoned investor (I don't even know exactly how money works) for me there is a real possibility of losing everything. And yes, I consider learning how to lose one of the most valuable lessons I can get now.
As for the contradiction - let me give an example. My first exposure to cryptocurrency came about 3 years ago with a shitcoin named Bytecoin. Now I'm not certain that was the exact name and in another 3 years I will forget it. But what I've learned about trading and mining with that coin still remains and helps me to grow further

Posted Using LeoFinance Beta

0
0
0.000
avatar

I don't even know exactly how money works

Then you have a big problem.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Is it? Most of the people live well without that knowledge ;)
But that's for a different discussion of course

0
0
0.000
avatar

Most of the people live well without that knowledge ;)

This is the mentality that will stop you from developing, but as you wish, I'm not here to argue. Each of us is responsible for our choices and decisions.

Posted Using LeoFinance Beta

0
0
0.000