I have thought of how HIVE can become a backbone for someone looking to achieve financial freedom. This is not merely about making a large amount of money. Freedom comes from having less restrictions. Restricting your personal expenses happens to be one of the best ways to achieve financial freedom. You won’t even have to reduce the quality of your life if you are smart about it.

It is completely realistic for me to gather 20,000 HIVE Power. The APR for staked HIVE is around 3% and I can earn 7% through curation. The exact amount may vary because I don't optimize my account for curation rewards. There are other ways to earn in DeFi. I engage on HIVE mostly for personal enjoyment with earnings as a bonus. Some curators are earning almost 10% from curation alone. @onealfa is one such whales who has been a positive influence on HIVE and especially $LEO

As you can see, 10% APR on 20,000 HIVE Power is a realistic forecast. In few years I will be earning 2,000 $HIVE without even writing articles. I am frugal to a point where I can easily live with $500 per month. Being part of the developing world has perks like this. $12,000 per year would mean a very comfortable life for me. All it require is HIVE at $6. That is a 20X from current price. I would be very happy if it becomes the low for the next bear market. I won't bet on it as the markets can remain an irrational mess for a long time.

Account Growth Over Last 30 Days

HiveStats is a lesser known product of @leofinance team. It does not directly make anyone money. But HiveStats can be used to gain better insights and make better plans for the future. Good data is vital for making good decisions. LeoPedia is another one of those less talked about projects that now feel almost abandoned. We may have to get it polished to help educate newly onboarded users. Read report for Spetember. Things are progressing very smoothly.

Your Mileage May Vary

Detachment from optics and low utility lavishness can be a wonderful blessing to have. I’m not forcing myself to be like this. I hate going to parties. I’m not big on travel. I have no interest in having a “Real Job”. I will not be geographically tied to expensive real estate. As long as I have a safe are with clean air and essential services (including good internet), I will be okay. I won’t be jumping out of happiness. I will simply be free to pursue other things. I will be free to meditate like a monk or watch anime like a weeb. This is the financial freedom I want to see. I want to be free from having to think about finances. The same should be possible for you.

Change Might Be Necessary

If you are living in one of the expensive parts of the world, financial freedom could involve numbers that are 10 times higher than what I have. It could be a good idea to analyze your life and see what the most important things in your life are. Some things may be worth more than faster financial freedom and other things could be worth sacrificing for a more comfortable future. You are most likely reading this article as a person who has realized the importance of cryptocurrency. That means you must have changed your investment strategies to give a significant weight to cryptocurrency investments.

I am one of the people who invested nearly all my net worth into cryptocurrency. At some point, the passive income from crypto will be all that is necessary even if I stop living with my parents (I told you that I was being very frugal). As for moving; no drastic changes were necessary. For some readers, taking a look at cost of living around the world could be the thing that shorten their journey towards financial independence.

If you do the same things most people are doing, you will put yourself in a trajectory to where most people are going. Do you thing they will be financial free? Most indicators are pointing at a crisis worse than what we had in 2008. We could be heading for The Great Depression 2.0 in this decade. Changes are going to happen whether you like them or not. It is best to have the changes under your own terms even if it does require some sacrifice such as moving to a different country, getting rid of some “friends” etc.

Reality Check With Numbers

I can manage a content life if HIVE were to settle at a 20X higher price from now. This is lower than the All Time High of STEEM. Right now there are no competitor than can offer the same social media experience HIVE does. I have seen many projects have far bigger marketcaps than HIVE and eventually fall down or fade into obscurity in a few years.

At the same time, HIVE has seen many strong improvements in technology. We have far more DAPPs. We even have @vsc.network ready to bring smart contracts to HIVE in 2024. HIVE-Engine alone performed wonders with the few smart contracts it introduced. Birth of @leofinance was one such wonder! Imagine what could be achieved with more general purpose smart contracts. These smart contracts will be free! There are very few projects that are even offering free smart contracts. Koinos is one of them. Soon HIVE will be a part of that list.

Considering all these fundamental facts, do you think it will be impossible to move past ATH of STEEM? HIVE is already 3X from the bottom we reached. Those were difficult times and many things have improved even beyond then. When I or @taskmaster4450 mention $100 HIVE, I can understand how it can raise some eyebrows. That is over 300X growth from current state. At the same time is lowerthan what Elon Musk paid for Twitter. Take a look at some valuations of social media companies while keeping in mind that HIVE has moved far from being merely a blockchain for social media activities.

Happy HODLing! Happy Hiving!

Posted Using LeoFinance Alpha