Financial Literacy Is the Next Critical "Skill" to Acquire! * My Hive Goals (Week 10, 2023)

in #hive-1679222 years ago

This is a short sum-up table with the state of my goals in easier TLDR form. The table has only some information, so if you want details, they can be found in the post.

Current State/Other Selection CriterionGoals Matching the Criterion
Ongoing5 (HP + HBD Savings, LEO Staked, Comments Made, DEC Saved, Maxed Cards for Staking on Land)
Completedgoals: 0, main goals: 0
Main goals3 (HP + HBD Savings, LEO Staked, Comments Made)
Goals2 (DEC Saved, Maxed Cards for Staking on Land)
New Goals1 (Maxed Cards for Staking on Land)
Increased goals1 (HBD target for HP+HBD Main Goal - twice)
Decreased goals0

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I include a link to the initial goal-setting post for 2023, for reference, if needed.

What a week! And the interesting part is that the crypto space took the backline for FUD this time around after the banking system showed once again the risks of the fractional reserves system combined with greedy investments and bank runs. And guess what, unlike FTX, SVB was regulated. What good was that to preventing its collapse? Yeah, in the aftermath they are often saved using all contributors' money.

Regulations are nothing else but facilities for the big and powerful and hurdles for small investors. They protect nothing! Actually, I retract that. They protect the former and screw the latter.

Financial literacy is badly needed at the masses' level, to be able to take responsibility for their own actions! In this day and age that is turning more and more financialized (i.e. merging of finance and social media), this will become as needed as the skill to operate a smartphone. Or as reading was a few generations ago.

If you won't become financially literate you will be more and more dependent on others and controllable. Be proactive!

Since you are reading this and are in the crypto space you are already many steps ahead of others in understanding and embracing the world that is coming. No FUD can stop it! The fight is about the shape it will have and who or what controls it. Not if it will come or not.

Last week, because of the price crashes, it was pretty good for making moves for my goals.

Let's see what changed since last week regarding my Hive goals.

HIVE Power (HP) + HBD in Savings Main Goal

I purchased a significant amount of HIVE this week with HBD, in a few stages.

My staked HP slowly grew to 27231 HP this week. I withdrew 225 HBD from savings to have some liquid HBD in case I want to buy more HIVE. In the savings remained a round 1000 amount of HBD. I now have enough liquid HIVE to make another 1000 HIVE power up, and even use some to trade back to HBD if HIVE pumps.

Here's what the evolution of the HP+HBD goal looks like:

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I'll need to have one of the targets (HBD or HIVE) reached to consider this goal completed.

If a target becomes too easy, I may increase the target, but not forever. Just like the market can play against your targets, they can play in their favor too.

This week's price drops show why it isn't savvy to keep increasing price-influenceable targets, even if they are (almost) achieved.

LEO Staked Main Goal

27 LEO staked during the last week, but I am saving for LPUD which is 2 days away.

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929 LEO left to stake in March to meet the 1000 LEO power-up guideline. I decided to not make any purchases of LEO this month and see if I can make it through gains only.

Splinterlands Land Expansion Main Focus

Land expansion's main focus extends throughout 2023. Unless I change the strategy, it will be the only main focus / main goal for Splinterlands in 2023. But there will be several 1-3 months goals.

First Land-Related Goal: DEC/DEC-B Saved

Deadline: end of Q1 / beginning of Q2, most likely (and unless new relevant information doesn't change the situation).

Target to consider the goal completed: 1 mil. DEC/DEC-B saved.

Stretch goal: 2 mil. DEC/DEC-B saved (probably to be ignored).

Current status: 961k DEC-B + holdings in diesel pools. (+31k DEC-B)

This goal will end pretty soon (most likely successfully), but after that, another goal of the same nature will begin.

New Land-Related Goal: Maxed Cards for Staking on Land

The purpose of this goal is to build the amount of maxed-level cards I need for staking on my tract.

We will need to fill 5 slots per plot with staked cards, without requiring summoners (that doesn't mean they can't be used as regular cards).

So, what are the details of it? This goal's details will be adjusted after the land whitepaper is out and land expansion 1.0 is released (surveying).

Deadline: June 2023, probably.

The number of maxed-level cards needed for staking on land: 500 (5 x 100). (?)

Current situation: 107 / 500 (+5, of which 2 GFL) (21.4%)

Time remaining: ~13 weeks

I could probably add some more maxed-level cards from my playing deck if I'll need to (some are probably underutilized in my playing deck).

Comments Made

I started this week with a total of 12879 comments made.

Ended the week with 12980 comments made, which brings the number of my comments this week to 101.

I now need an average of 119 to reach the goal of 18k.

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Weekly Task - Buy SPI

This was not exactly my weekly task. But it was an order I had standing for SPI, which in this volatile market partially executed. And I'm ok adding a little more to SPI as well as other passive investment tokens on Hive-Engine.

Posted Using LeoFinance Beta

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Good work @gadrian!
Barb 🤩

Posted Using LeoFinance Beta

Thanks, Barb.


Hey @gadrian, here is a little bit of BEER from @phoenixwren for you. Enjoy it!

Learn how to earn FREE BEER each day by staking your BEER.


The rewards earned on this comment will go directly to the people( @wanderingmoon ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.

I love seeing posts like this.

Thanks. I love reading goals posts too, when I see them.

@stdd denkt du hast ein Vote durch @investinthefutur verdient!
@stdd thinks you have earned a vote of @investinthefutur !

Very nice progress! Keep it up!

Thanks. I will.

People are more concerned with watching videos on social media rather than learning how to manage their finances. They rely on the banks to do it for them.

Nice job on your goals, Adrian.

!CTP
!ALIVE

Posted Using LeoFinance Beta

That is true. But maybe as social media and finance merge people will be more exposed to the former to their own benefit.

@gadrian! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @beststart. (10/10)

The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.

Nice progress. The FUD is kind of crazy but it's better for the crpyto markets than it is for the banks/financials right now. Good luck on that LEO goal. I think it will be kind of tough.

Posted Using LeoFinance Beta

Good luck on that LEO goal. I think it will be kind of tough.

I know. Other than my land focus, it seems to be the one I'll have the most trouble with this year.

They protect the former and screw the latter.

🔥🔥🔥🔥🔥🔥🔥
I love the way it's said!

You're right, now is the time to take matters into your own hands and listen to less TV!
Keep going!
!ALIVE
!PGM
!CTP
!invest_vote

TV news channels are like broken records these days (and generally). Some of the best qualities one could have at present are great critical thinking and filters. Those are very useful for what's going on in the markets and to assess the economic situation too, provided one has at least a basic understanding of them.

@stdd denkt du hast ein Vote durch @investinthefutur verdient!
@stdd thinks you have earned a vote of @investinthefutur !

True!
!CTP
!invest_vote

@gadrian! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @stdd. (14/20)

The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.

Sent 0.1 PGM - 0.1 LVL- 1 STARBITS - 0.05 DEC - 1 SBT - 0.1 THG - 0.000001 SQM - 0.1 BUDS tokens to @stdd

remaining commands 0

BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!

The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]

5000 PGM IN STAKE = 2x rewards!

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Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP

Get potential votes from @ pgm-curator by paying in PGM, here is a guide

I'm a bot, if you want a hand ask @ zottone444


If we don't become financially literate, every time we see a financial institution, regulated or not, in trouble we will be in a panic state. At this point, financial literacy means understanding that we need to protect our own money. No one will do it for us. The banks are going to get bailed out. They always do. And one party will blame the one before them for the trouble. Financial literacy is part of personal responsibility.
!ALIVE
!BBH
!CTP

Posted Using LeoFinance Beta

@gadrian! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @lisamgentile1961. (2/10)

The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.

Good Morning and Thank you, @youarealive! Enjoy your day.😀

@gadrian! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @lisamgentile1961. (3/50)

Good Morning and Thank you, @bbhbot! Enjoy your day.😀

Well said! Financial literacy becomes part of our personal responsibility.

And then we don't become victims of the institutions that don't care about us anyway.
An added benefit.
!ALIVE
!BBH
!CTP

In times like these, it becomes even more obvious. But people forget when good times return.

That is true! We tend to relax our guard when things are going well.
And fail to prepare for the next cycle of not-so-well.

@gadrian! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @lisamgentile1961. (12/50)

Good Morning and Thank you, @bbhbot! Enjoy your day.😀

Wow, you are killing it with your goals, right on! 😀
!BEER

Some goals are pretty tough, but we will see. Still a long time until the year-end.