RE: Can We Please Stop Powering Down !
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I'd be happy for there to be a way for me to keep growing and not power down. I had to...
My wife has a disability and is in constant pain. Because of the accident, she ended up being retrenched and has not been earning a solid income. She did get online work but that resource also dried up. She drained her own account and now my account is also drained.
This was never part of the plan.
Right now my only viable solution is to upskill at work and get a raise.
If I cannot get a raise I need a new job... I want to stay where I am.
Hopefully getting my Refrigeration Red Seal and my Project Management certificate and the hectic pace that I have been working will result in me getting paid better...
That and Claire getting a job are the only solutions that will really change things for me. I cannot imagine there being another way for me to earn or get $220-$250 per month extra... But yeah, if there was an alternative, I would be all ears...
Yep, it's definitely tough - I've seen how hard you work and the awesome job you do of keeping it all together.
I think what I'm suggesting is a way to give people an alternative to powering down, so they keep their HP intact while having a way to cover emergencies.
But more and more, I'd love to see Hive as a way for people to earn a regular income as a top-up to real world work, and ideally as a complete alternative to it. Not just the witnesses and devs, I want to see ordinary Hivers doing it, too. I reckon the solution is to keep the HP to earn curation rewards and use HBD interest as a source of income. It's a reversal - HP becomes the long-term savings, HBD becomes the income generator.
20,600 HBD would deliver 250 HBD interest a month. While I appreciate it would take a long time and a lot of luck in avoiding real life crises to be able to build up that kind of stack, it's still a massively more achievable figure than what you'd need in traditional savings or a stocks portfolio.
Yeah I have worked out those calculations countless times. I would LOVE to build up a big stack of HBD savings so the interest could become a supplimental income.
$250 pm would be R4400 here and that would cover groceries for two weeks and have some left over after.
Yep, I am currently one of the "powering down to pay basic bills like electricity, phone, and rent" people, because I've dried up everything else at this point. I don't know what I'm going to do when/if my account is drained completely. Hopefully pet sitting picks up, but I think maybe people are traveling less because the economy sucks for everyone.
Indeed. Good luck! I shall give you a follow!