Staking is the new Saving

in LeoFinance2 months ago

staking is new saving.jpg

I have recieved my yearly bank account report just yesterday. This year I've recieved a total interest amount on my money of 1.5 CHF (about 1.5 USD). And no, my bank account is not empty... The reason for this is that the interest rates are very, very low in Switzerland.

The fun fact is that I've paid about 65 CHF in fees for the same account during the past year!

The idea that your money is working for you on the bank account is unfortunately far from valid today.

You have the option to buy shares that pay you dividends as an alternative but honestly when I look at the economical situation worldwide, I don't think it's a wise idea to invest in overpriced shares today.

Fortunately we have crypto!

Tokens like Hive or Leo are both stakable. This means that you can kind of freeze these tokens and in return get an income. It's not much different from a bank account. You deposit your funds and you get interests. What is different from the bank account is that you get a whole lot of interests with crypto.

Just by staking Hive you get 3.47% on your money. Just for staking it. No strings attached. Your stake is growing every second.

Then you have several additional options to increase your income. You can delegate your tokens and get something between 10 and 16% return on dlease.io, @leo.voter, @ctpsb, ....

You can also use this stake to curate content and get curation rewards.

Whatever you choose to do with your stake, making something between 15 and 20% return on your tokens is not so far fetched.

Earning several times over

There are some great combos that allow you to multiply your income. If you are on hive you can stake Hive, Leo and all the array of hive-engine tokens and earn from these stakes. You have the option to see several stakes grow at the same time.

Staking is the new Saving

By staking your tokens you are building your fortune of tomorrow. It's not possible to know how the prices of these tokens will evolve but I believe it's always better to have a lot of tokens than few of these tokens:-). By building your stake, you build a fortune that remains yours and that works for you every day, every night. With the amazing interest levels that this staking activity allows, your fortune will grow fast.




Let's connect on Hive, Lbry or on Publish0x

My free e-mail course: The 100'000 satoshis a week strategy

Posted Using LeoFinance Beta

Sort:  

It's the gift that keeps on giving.

And then when you start seeing all the other tools you can use to grow your stake, it just gets better and better!

Posted Using LeoFinance Beta

Exactly, it's a never ending circle that allows you to earn more and more. You just need to discover the potential of all of it :-)

!ENGAGE 20

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

This is definitely true. People should be aware that staking offers in the long term a much bigger income potential than content creation alone. Combined they are terrific :-)

Thanks for stopping by!

!ENGAGE 20

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

i am really curious what will happen now that btc broke on record after another in terms of stricter rules and regulations around cryptos

Posted Using LeoFinance Beta

That's indeed an interesting question. Hope they leave it in piece LOL

!ENGAGE 20

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

Our interest rates for savings and checking accounts are pretty low too. We do not pay fees on our accounts though. That is one saving grace. My husband and I are both old enough to have Senior accounts. No fees are the big benefit. I have been staking my CTP every day and will do the same with my Hive when I have it. I have a much better chance of earning that way.

A couple of years ago it was totally normal not to pay fees on our bank accounts as well. With the low interest rates, banks couldn't make much money anymore and they started to introduce fees. They are getting higher every year and it's an annoyance. Staking CTP, Hive, Leo and all the other tokens is such a great way to build something here. In addition we don't have to invest. We can simply build it with our work and our content.

Thanks a lot for your comment!

!ENGAGE 20

Posted Using LeoFinance Beta

Hello Achim! You're welcome and Thank you for the ENGAGE tokens! It is a very nice feeling to know that we have some influence on our ability to earn a living online just by consistently producing quality content and supporting others in the community.



Made in Canva

@lisamgentile1961
___

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

Thank you, @misterengagement! Enjoy your day😀



Made in Canva

@lisamgentile1961
___

I have been learning about crypto. I am still an infant. I am asking questions.