Can 1 Hive daily serve as your retirement goal?

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I have just wondering about my retirement goal and just wondered can Hive will be able to earn some income daily that I will keep saving and look at my retirement day to check that how much fund I have accumulated at the end.

piggy-bank-1595992_1280.jpgSource

So I just thought that to answer this question I thought I should check that how much I Hive I am saving. So I went back to my earlier post of June 5 2020 in which I reported my Hive power as 696.5. In my current post of Hive goals posted at August 3 , I reported my Hive power as 990.7.

So I can say it is gain of 294 HP in 2 months that means gain of 147HP per month.

Then I looked my current stats of Hivestats.io that gave me my last 30 days average as 131 Hive.

So let me more conservative and for my calculation, I will take 120 Hive per month or 120*12 =1440 Hive per year.

I am sure that I can keep working on my job for next 30 years so that I can meet all my expenses from my job without touching my Hive power. I also assume that I will be able to earn atleast 1440 Hive per year and my curation efficiency stays at 10% (actually there are quite of lease in dlease that are offering as high as 17% APR and 13% APR is very common in dlease, so if your curation efficiency sucks, then dlease can be an option)

So let me calculate the FV (future value)
FV(rate; numperiods; payment; presentvalue; type) = FV(0.1;30;-1440;0;0) = 236871 HP.

You can read documentation of FV function here

If Hive reach at $4.23 in next 30 year I will be retire millionaire.

Now coming back to original question, can 1 Hive daily serve as your retirement goal?
yes, if you start saving from 20 years of age ,save till your 65 years,Hive reaches $4 and your goal is having $1 million dollar in the end. Because FV(0.1;45;-365;0;0) will be 262400 HP.

PS: It is not a financial advice, but I think using this formula you can easily calculate that what is require to reach at your retirement goals.

Posted Using LeoFinance



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24 comments
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Your current Rank (34) in the battle Arena of Holybread has granted you an Upvote of 20%

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@r1s2g3, In my opinion we never know. There are possibilities and probabilities so in my opinion you can consider it as an Alternative Source, it can go both ways.

Good wishes from my side and stay blessed always.

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It is an alternative source for me and I am not going to touch it for long time.

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Good wishes from my side. Enjoy your time ahead.

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I believe you can use the Hive tohelp in your retirement especially if you have a few years before you retire. If I were you I would accumulate and stake as many tokens as you can and not cash any in. Treat your tokens like a retirement account and I believe you will be pleasantly surprised when you retire,

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Sure, I am accumulating everything right now with focus on LEO,CTP and NEOXAG.

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Nice!

And $4 a token doesn't sound unrealistic either!

Posted Using LeoFinance

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Small daily goals with long time period can really surprise at the end.

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We'll be sippin mai tai's on the beach in no time!

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Sure. We just need to show our commitment daily.

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I think 1 have is a good start but in my opinion, I don't want to wait 20 years so it's a good start but the snowball affect needs to come into play. The more you earn, stake and create the more you will make and in a few years you should be able to grow this into a few hundred or even thousand a month and then you are looking at retiring much sooner. Keep up your good work.

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1 Hive is the easiest start that I can imagine. There are plenty of ways to earn 1 Hive day daily.(You can earn it by playing splinterland without even posting any content in blockchain.)

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This post has been manually curated by @bala41288 from Indiaunited community. Join us on our Discord Server.

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Nice calculation. I guess you have missed the power of compounding here. I'm sure your monthly income wouldn't be 140 hive after a year. So probably if you take that into consideration, you might get some impressive numbers. And if price hits 4$, you will not be just millionaire but multi millionaire.

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The FV function will itself take care of compounding. 140 (Actually I took 120 i.e 4 Hive daily) is amount that you need to add every month on the existing principal on top of all the income you are generating by existing principal. Since 10% interest rate is already in formula,so we do not need to calculate curation income and add it explicitly.

It is the power of compounding only that someone contributing 1 hive daily for 45 year will end higher ( 262400 HP) than someone contributing 4 Hive daily for 30 years (236871 HP)

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Oh FV takes care of it. Great. Looks impressive. If the price increases the earning potential will also increase. Sorry but something makes me feel that the final outcome can be even more bigger value. 😎

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Sure, Key is to stick to your goal for long time to see the rewards.

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if you start saving from 20 years of age

So, I guess someone in the forties like me better push harder for a nice Hive retirement. ;)

Posted Using LeoFinance

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Sooner you start better it is , because if you see that person aged 20, depositing 1 hive daily is better placed than the person depositing 4 Hive daily at age of 35 when they both reach at 65 years.

Crux is that one should start on retirement goal immediately instead of delaying it for couple of years.

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True. But most 20-year olds are too busy making their own mistakes than thinking about retirement.

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It's an interesting point of view, and I suppose that everyone who doesn't look at the Hive price very day and selling it, thinks similar to you... Including me... at the moment accumulating a couple of cryptocurrencies with the goal of building a retirement fund...

You got a nice formula... I didn't get deeper into it, but did you calculate the compound effect? Your HP will be bigger, and curation rewards also...

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Zoltan, I have got this formula from a MBA finance graduate and a CFP aspirant. CFP are CERTIFIED FINANCIAL PLANNER that have recognition over 23 countries including Australia, Austria, Belgium, Brazil, Canada, China, China Taipei, France, Germany, Hong Kong, Indonesia, Ireland, Japan, Malaysia, New Zealand, Republic of Korea, Singapore, South Africa, Switzerland, Thailand, United Kingdom and United States of America.

I guess issue is here that readers are not able to distinguish between "Yearly Recurring deposit" that user is doing vs "Yearly income generated" by virtue of all previous deposit.

Now let me calculate FV for 31 years it will come as =FV(0.1;31;-1440;0;0) =261998

and we already calcualted FV at 30 years as 236871.

Now Principal at end of 30 years is 236871 HP.
10% interest on 236871 is =23687 HP.
You recurring deposit for that year is 1440 HP

so at the end of this year your overall amount is 236871+23687+1440 = 261998 i.e same value calculated by FV 31.

When time period is long ,then your "Monthly recurring payment" have negligible effect and your interest rate become deciding factor.

I will bet that your financial planner will use the same calculation but will charge fees.

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omg... You didn't have to do all that... :) I'm not a financial or economic advisor at all, so I do believe in your calculations.. :)

Thanks for breaking that down!

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