The HBD Ladder To Freedom...?

in The CTP Swarmlast year

hbdfreedomladder.jpg

Today Was A Typical Day, Until...

Today was a typical mid-term Wednesday for me. I got up at 5:30am to get ready to head out to college...

But then, I happened to sit down for a couple of minutes and suddenly began scrawling some numbers on a sheet of paper, and got quite excited by them...

hbdfreedom.jpg

How Much HBD Can We Earn Each Month?

The numbers relate to how much interest you'd earn per month if you held certain amounts of HBD at the current interest rate of 20% per annum.

When I got back home I had to check whether HBD pays its interest monthly - it does!

The More It Grows, The Faster It Grows

So, as you grow your HBD stash, compound interest also kicks in and makes your HBD stash grow more and more quickly...

My starting point this morning was this: How much would I actually need in monthly HBD income to consider myself financially free?

I think $2,000 a month in HBD income would do it!

If HBD were consistently to pay me $2,000 a month, I don't think I'd have too many financial worries, even if my teaching and online affiliate marketing income were to go down the plug-hole.

At 20% p/a that means I need to hold 120,000 HBD in savings to earn +/-$2,000 (2,000 HBD) a month in interest.

That was my starting point. I then halved the amount several times until I got down to 7,500 HBD, which brings in 125 HBD a month at 20% p/a.

7,500 HBD is the BIG half-way goal. No, I know, it is not half way to 125,000, but it is the 5th step on my nine rung ladder, and every step after 7,500 doubles my HBD holdings. Once you are earning 125 a month in interest you are entering the DYNAMIC growth stage, especially if you are also earning from content creation and adding affiliate earnings to the pot as well!

My 1st Rung = 300 HBD

Right now I have 265 HBD in savings, so I added a few more lower rungs to the ladder I was building, until I reached the first rung above where I am right now, which is 300 HBD.

300 HBD delivers 5 HBD per month in interest.

Once I hit 300 HBD (hopefully as soon as July 2023), my next target is 600 HBD, which will deliver 10 HBD a month in interest... And so on all the way up to my HBD FREEDOM TARGET of 120,000 HBD.

I have created a nine rung ladder, with each rung paying out a nice round number in interest earnings, as the chart shows:

HBDMonthly Payout @ 20% p/a
3005
60010
3,00050
6,000100
7,500125
15,000250
30,000500
60,0001,000
120,0002,000

This seems like a super simple plan... Perhaps there are some flaws in it. Maybe my calculations are off (I'm a language teacher, not a mathematician)... Perhaps the interest rate will go down...

And of course, whenever HIVE declines in value, it may not be a great idea to buy HBD with HIVE. Even so, I like my super simple freedom plan - simple in concept, if not in execution - and it has nine clearly defined rungs to help me climb up to HBD FREEDOM!

Let us know what you think in the comments!

Cheers!

David Hurley
#InspiredFocus

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Great to see the numbers you need to have a full time income from HBD interest David, go for it and stay awesome.



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Yes, just writing those numbers down and creating a "ladder" really brings it into focus as a route to financial independence...

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Yeah it is quite interesting.



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Interesting my friend wishing you much success with your HBD savings, breaking it down is a good path to understanding what we need to do to get results we want. 😎

Have a blessed and wonderful day @hirohurl

Yes, it seemed like a moment of clarity had struck when I wrote out that plan!

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Excellent post David, this will help and excite a lot of people I think. This is very possible, and that's my goal too! 😁 🙏 💚 ✨🤙



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Good plan, but HBD is not a real stable coin, and I wouldn't risk $120k in crypto but maybe I'm wrong 🤔
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Thanks for the feedback, @chapelle - I didn't talk about how I aim to get to 120k in HBD in the blog post, but it certainly won't be by buying HBD out of my savings or income, so I evaluate the risk-factor a bit differently I guess.

As for HBD not being a real stable coin, one definition I saw stated that it was an "algorithmic stablecoin," so I can see how that could be more risky, depending on how much HIVE collatoral there is, and how resistant to a price crash HIVE may be... We can keep tabs on the debt/equity status of HBD here: https://hive.ausbit.dev/hbd

Also, such concerns seem to be addressed by this article: https://leofinance.io/posts/@crypto-guides/what-are-hive-backed-dollars-hbd

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Thank you very much for these interesting links, it seems that we are safe for now with HBD, but it depends a lot on the price of the Hive which is constantly falling.
I really don't know what will make the Hive's share price go up again.
Will user loyalty be enough in the face of the greed of some who withdraw large sums every day?
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Maybe they are panicking, or fearful rather than greedy, and who can blame them when the crypto industry is under attack by the SEC and Biden administration in the USA?

Meanwhile, China, via Hong Kong, has pivoted in the opposite direction.

I'd suggest that it creates an excellent buying opportunity for the rest of us to be greedy!

Here's the HIVE/US dollar chart for the last couple of years or so:

hiveprice.png
Source: https://coinmarketcap.com/currencies/hive-blockchain/

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Looks like an awesome plan, David. In how many month, you are expecting to reach to the top of the ladder?

Ah, you spotted the flaw in the plan! I didn't mention a timeframe! The short answer is "as soon as possible," but I haven't yet worked out a clear timeframe. I expect to be somewhere between the 2nd and 3rd rungs by the end of 2023 if all goes well and I'll try to work out a more detailed set of time-limits for the other rungs shortly.

I've known that this was possible, and that's my main goal with HBD in Savings, to reach the level where I can easily live off the interest. Thank you so much for this, as it clarifies and fleshes things out nicely. I wil reach this level! 😁 🙏 💚 ✨ 🤙

Me too, and now I have the steps written down and the ladder diagram set up, it feels a lot more "real."

That's great! It sounds like it was a moment of inspiration to write down the diagram! I think it's very useful indeed! 😁 🙏 💚 ✨ 🤙

This is interesting and cool.
More progress to you.

Awesome work my friend it is great to come up with a plan of action when we are finding ways to become more financially free wishing you nothing but success in your savings and investments here on Hive @hirohurl 😎
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I've run these HBD numbers a lot and they are so good I wonder why I, and everyone else just simply doesn't convert their whole stash of Hive to HBD.
The reason is maybe the true return on Hive which is almost 3% pa plus curation, plus there's the chance of a hike in price.

Balancing the portfolio maybe the best policy but if I had 120k in hbd, I'd live with the boring regularity of 2k passive a month!

Hope you're well and life is treating you kindly mate :-)

Well, I did convert my entire stake to HBD :p
Now its just time to rebuild HP :D

Well, even if you stop creating and curating content, you'll still be earning thanks to the 20%-p/a-paid-monthly super-power of HBD!

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Ye, but only 80 hbd, so it would take a while to scale if we didn't post aswell :p

Funnily enough, now is probably not the best time to talk up HBD in relation to HIVE as HIVE has taken a dive; I expect those who like to speculate on the HBD/HIVE pair would see buying HIVE with HBD as a better short-term bet. My plan is not for the short-term, however!

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It's certainly something worth considering. As you point out, there are some risks associated with the value of HBD and Hive, but in principle, this should work.
I'm going to do some work on comparing it to other strategies that I'm using and perhaps look at adding HBD investments to my portfolio

Hi @markhodge - thanks for popping by. Let us know what your conclusions are, when you are ready!

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A good calculation. HBD is a good assets. Am longing to see myself come 224 with lots of HBD in savings

One way to start earning HBD is to switch your Default Post Reward setting (in your Peakd.com settings) to "50% HBD and 50% HP". You'll earn less HP than before, but you will start accumulating HBD!

Of course, it depends on what your priorities are. In the early days of my account, I focused on accumulating and powering up HIVE much more than on accumulating HBD.

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Admirable goals, and a calculated approach... I !LUV it. Best of luck to you! 🙌

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These numbers are really interesting to see. A nice step to make some decent income from HBD savings.

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Wow that is so nice. Keep going!

That's great! I'm almost halfway up the ladder! It would be so great growing a passive income this great.

More power to you
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I agree that having HBD in your investment portfolio is a great plan. Creating a ladder which has several steps to reach your ultimate goal is an excellent way to do it. Good luck with your progress.
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Is it time to change the plan to HBD? Hmmm... I will think about it later.
That is a nice informative post. ty

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Hello David. Your thinking is awesome! You are getting a good idea of how HBD can work in our favor. Thank you for the information. Have a nice weekend. Barb :) !BBH !CTP

Awesome plan brother wishing you much success
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A 20% return is something we haven't seen in America since the Carter Years, I think--possibly early Reagan, too. I have college textbooks with interest charts in the back that go up as high as 25%. !CTP

The magic that is compounding interest is an incredible force.

I like the layout of your plan, David.
I have been focusing a good amount of attention on HBD for that very reason.

Good luck with your climb, @hirohurl

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