Savings Strategies on Hive
There are many different ways of earning money but the main thing is that how you will do your saving. A person who have saving plan in the life will never be defeat from any challenge faces in the life.
Savings are one of the best strategy to see a brighter future and all depends about your strategy. Everyone must have a plan for saving which really works as a retirement in the age when you no more able to work and you have no power to earn money.
Everywhere you earn money do your saving over there without seeing that how much you are keeping every month. But to be remember dont forget to compound it which will increase your profit and saving ratio.
If I take example of hive blog where users are earning money by writing contents and showing other skills. If you are looking that at the end of every month you have some remaining from your earning which is not under your necessary use then you can keep it on saving.
You can make plan by putting it into saving and start compounding strategy which is the best way of pushing your profits.
In Hive blog you have many options to keep your amount into saving such as HBD, HIVE, and other mini tokens they are providing. But the best one are Hive and HBD which are very safe for long term investment as well.
If you have monthly 30 HIVE for saving every month you just put into LIQUID HIVE SAVING and you will get an annual APR. Keep on adding your interest profit into saving without doing any withdraw and very soon after few years you will see the power of compounding.
This is one of the simple and basic compound interest which just you put your saving and do it compound.
The other way is that you also add an amount from your pocket for powerful compounding. Which means that every month you add around $10 in your investment an keep on multiplying this amount.
This is how you will see that after one cycle in the crypto market you will create your wealth and it will give you huge benefit in the long run.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.
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