I am the oldest millennial.
Some charts will call me the youngest generation exer but my plethora of participation trophies, honors, and awards, and the fact that I had access to the internet since the 3rd grade plus my inability (or un wanted ability) to pay back my student loans makes me
the truest millennial of them all
Other non privlidges I have been exposed to include:
I am Native American
My Parents didn't teach me english at birth
I went to "bad" schools
I was able to buy a house, and am deeply in debt because of it
I still think it was a great "investment"
I don't have a traditional job
I cashed out all my traditional retirements to purchase my home
I live paycheck to paycheck
Still...
I too can build a retirement account, by investing my time, and earning crypto
The current retirement age in California is 67.
I have 27 years left to build a crypto empire that will sustain a lifestyle in 2049.
I have been working on it since 2018, and with minor investments (pizza money investments as I called them) and lots of time - I have built a good base layer to grow upon.
Last week, I wrote about Hive's stable coin HBD, and how can use its 20% interest rate to reach millionaire status
That would be enough for retirement.
And there are more opportunities.
Let's take leo for example.
If you start with 500 LEO, and add 10 LEO in every month, figure out how to delegate or curate to have it pay you 10%, after 27 years you will have $23,957 LEO.
But what if many of LEO's projects go as planned, and the website is used a whole lot,and the ad's start paying more, and the price of LEO moons, and in 27 years LEO is worth $5USD each?
In 27 years with minimal investments, you could have $119,785 USD.
This math works because we are using high interest rates, small investments, and TIME.
30 years is a long time from now, but the time will pass wether we put crypto pennies to work or not.
Other projects paying at least 10%
- Delegating to qurator (about 10%)
- Delegating to Ecency (about 10-20%)
- Holding SIM (about 40%)
- Holding HIVE POWER (2.85 + whatever you earn in curation)
- Spinvest (don't even ask, we rich)
- Brocoin (high percentages too)
- Hive Hustler - (double check the math- but it looks to be multyplying)
These are just some of the opportunities, but because the HIVE Blockchain is vast there are many, many more
Like listnerds... and CTP who are disrupting affilliate marketing.
The real and actual truth is that this may not work out
There are many things working against crypto
You have to watch your investments to make sure they don't dwindle down to zero.
You have to pay attention to the teams behind the projects cause if the project is centered around them, and they stop, so does your flow.
You have to keep on top of new opportunities, and see how you can keep growing.
You have to watch out for taxes and penalties
You are in charge of your own money, you can't lose your keys,and have "someone" send you new ones.
You have to be like mad eye moody and be constantly vigilant.
But you can do it, its possible, and the steps to get started are already outlined for you
We can keep talking about all the reasons we won't be able to disrupt the financial system so deeply that millennials with no traditional savings accounts will be able to "retire"
We can concentrate on how we don't know what the future holds, or how we won't know if Hive will "make it"
Or we can start investing bits here and there - along with long chunks of time and create our own road maps.
Let our investments be like fingerprints, each unique, and let's make each a winner.
All of them won't win, but let's find enough winners to disrupt our personal financial future by giving ourselves personal financial freedoms.
Posted Using LeoFinance Beta
