When I was still Little my dad had this savings account opened for each and every one of us, because we were all preparing to begin elementary school while others were about to enter into high school, the amount of money which he was saving at that time tho it was small but went a long way when the need for it came. Starting a new phase of one’s educational life so many things needs to be bought, from uniforms to writing materials to name a few.
At that time I wasn’t really expose to finance and investment, but the knowledge I have now I think my dad took a wrong choice as regards savings. For the time the money stayed in that account the interest generated wasn’t up to 1% of the total amount which was placed under the financial institution’s care.
With the growth of technology and other crypto vices, which has made savings more lucrative than our traditional banks. For example looking at the Hive APY when you lock both Hive tokens and both the HBD with you having 20% there is no banks which will offer you this in return.
NOT ONLY THE HIVE BLOCKCHAIN IS BIG ON APY’s
Have you tried the Leofinace pool? From the range of Cub finance to the different genres of PolyCub! Mehn these are mouth watering offers, you get huge returns. The highest which I have seen it the which is the 62% earn on both liquid Hive and HBD.
Conclusion
In a nutshell I think we should look into making better decisions as regards savings, an as a parent we should be open minded to new things such as technologies and vise versa. To add to it crypto eduction should be embraced and also preached, if my dad was opportune to have this knowledge which I fortunate enough to have encounter he would have made a better decision as regards he’s savings plan.
If you seen this post on a Web2 ecosystem and you have no clue about what Leofinance is here is a brief definition;
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Over here we refer to users as lions, so are you ready to be a lion here is my referral link
Also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.
Let’s also connect on some of the web2 platform.
Twitter:Hironakamura