I was discussing this with one of my friends at the noise. Cash. We discussed how crypto could be a good option for retirement. Like there are some expenses you can take care of using the Hive. Moreover, we also discussed that Hive could help you with future expenses if you plan it the right way.
So how exactly can hive and hive dollar can help with your retirement? I wish to discuss some of the points which could even help those who are new and experienced can chime in on how they achieved this.
Let us discuss some of the retirement expenses.
Healthcare with Hive
Most of us do not take healthcare seriously until we meet some health issues like blood pressure and sugar. You may find that crypto is a good asset to hold to pay for those healthcare costs. As time goes on, the cost of healthcare increases.
So the Hive can fit itself into this gap. Where you are saving your Hive dollars can pay off your healthcare expenses. Paying for the premium out of the hive savings or the hive dollar savings can be another option.
This is where the benefit of the savings interest can kick in as well. If your hive dollar savings are enough, you can pay off many of those Hive healthcare premiums each month. Moreover, that can be an excellent strategy to use crypto to pay off healthcare.
What about Retirement Funds with Hive?
Now, this would take years to develop on Hive. I am sure some of the Whales and dolphins must already be close to that amount. I know it would take daily efforts and auto-voting trails to earn off those tokens.
I think retirement income may not be realistic, considering how it could vary from place to place. Also, the retirement would take years to gather those funds. So it is reasonable with the earning or holding up enough funds with Hive for occasional sustainable payouts.
If you want to take out the funds now and then, maybe you would have to grow your account and give out a delegation to earn some passive rewards. It is possible but would take much time to gather up funds and build upon.
House or maybe Apartment using Hive?
Suppose you are in those parts of the world where the apartment, houses, or even plots are cheaper. You can use the Hive to pay them or hold enough crypto funds to get closer to the amount which can help gather those funds.
House in some of the expensive nations and cities would be brutal as the amount has been appreciated very rapidly. Moreover, Hive may not remain consistent as we face the bear and the bull market cycles.
However, if you want to fund part of the premiums that you pay for the plot or apartment, then that could be possible if you break the amount into small chunks. I recommend you fund your house or apartment using crypto assets and see if Hive can take you there.
Diversifying with Hive
Hive can be an excellent asset to hold. You can invest in Hive, and it gives you enough returns that you appreciate with time. In fact, if you choose the content creation route, you can earn the Hive through rewards. Moreover, there are passive means using delegation too.
You can also play the splinterlands and other games and earn the rewards from the same. In the context of the rewards, your time here also goes well with new people getting connected with you.
Investing your time and money into the hive ecosystem has many benefits. What you choose to do with the time spent on Hive depends on how you work with the blockchain and your content.
What do you think?
I feel Hive can be used for your retirement funds or maybe healthcare? Yes, it can earn you some decent rewards and appreciate and be applicable when you need the funds the most.
What is your opinion? Do you feel value in holding up hive long term?
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