RE: Poor Saving Attitude, My Biggest Problem
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Saving is hard and the typical advice is "Pay yourself first" which means when you get whatever money you get put a percentage of it away in savings first and don't think about that money again.
Having said that there will always be emergencies that arise. Some MUST be taken care of immediately (that's why we saved the money, remember?). Other things can wait or aren't truly emergencies. For those things just let them pass when the time comes.
Personally my advice for you (being a HIVE minded kind of guy).... Utilize the HBD savings account that Hive affords. It pays 20% interest which is excellent. There is no charge to use it just transfer your HBD rewards over to HBD savings. It has a 3 day withdrawl policy which means you can get it fairly quick if you need it BUT you have to think about it for 3 days which is enough time to cool down if it was an impulse purchase.
Just my thought, but that's what I'd do.
Alternatively you could always get some GLD coin and wait for the 1% monthly interest :D
Although I noticed you used the hive-engine to cash out your GLD coins. I wish you had used tribaldex as the liquidity pool there would have given you a better exchange rate. Oh well, because of what you did I beefed up the hive-engine amounts so the next person won't get an exchange quite as bad as you did.
Sorry about that :(
and thanks for posting :)
Wow! It seems I am going to pen some points down from here. Especially the aspect of not looking the direction of the money after saving it.
I have used the hbd savings before, it helped but I still withdrew the money, I think my problem is indiscipline and am going to work on it.
I didn't know there was another alternative to withdrawing the token, I was in dire need of money that day and that was my only way out.
Thank you so much for reading and for the powerful advise. I'll put them into use
I'm glad the GLD token could be of some use for you.
the hive-engine has a "buy" and "sell" list and the depth of the market is only as deep as the number of users of the coin. For a small coin like GLD that's not very much.
the tribaldex site uses a computer generated liquidity pool which give a much better rate when selling your coin. The computer automatically places buy and sell orders based on a trading pair. Quick version: There is always a "buyer" ready to place a fair price for your coin.
in real world terms: 100 GLD gives you 0.9 Hive on hive-engine. 100 GLD gives you 1.0 Hive on tribaldex.
If you don't mind I'll use your situation as the basis of a post after I get back from an upcoming vacation.
Thanks :)
Thank you so much sir, I think this happened for good, I have learned something 🥰🥰❣️
Please you are very free to use my experience, the pleasure is mine🥰
How's your trip?
Reading this comment (plus the one you made earlier), I would love to know more about the GLD tokens. I would love to be tagged when you write the post you are considering doing after your vacation. And if there's already a post that can enlighten me more, I will be grateful. Thank you, @terganftp
Hello @ngwinndave. You can join the earn, spend, give community. Gld is a layer 2 token used to reward members of the community just as hive is rewarded in other communities. there are many ways to own it, you can earn it through posting in the earn, spend, give community or purchase it from tribaldex. He has written a few posts about the token in the community too, you can check it out. I think this is all I can say for now. He would throw more light when he comes online
Thanks for this explanation, @emreal. I was already thinking of sending you a dm, and it's like you knew ☺. Heading to the community now🏃♀️🏃♀️🏃♀️
Hehheh . You are always welcome 🤗🤗🤗