The saying that a millionaire is built 10 bucks at a time was made famous by the frugal guru Mr Money Moustache. He famously said that 10 bucks is a lot of money.
And the reason why is because of the power of thinking big. You need to respect each $10 as it is a brick in your financial retirement castle.
This is very true, and now that you can buy 10 HBD giving a 20% return, those $10 are working even harder for you. When MMM was blogging, he was planning on a 7% compounded return over 10 years which would require a $600k nest egg in order to retire. This would mean needing to save $796 per week.
But as we have seen in my previous articles, with HBD you can save much less and reach your goal quicker and generate a higher rate of passive income.
The challenge of saving $796 per week is quite a challenge, whereas with investing in HBD you could save just $500 per week and in less than 10 years generate a passive income of around $6000 or 2ETH at current prices.
Stable Coin
The good thing about investing in a stable coin is also that your nest egg is more protected against large market swings in value. Here you can see just the swings between Bitcoin and Hive.
Holding Hive Power is essential for completing activities in the Hive Eco-System, but you are also at risk of not just gains, but also decreases in the Hive value. With the HBD you are protected from this risk as long as the peg holds.
Where to buy HBD?
The choices where to buy HBD are either to buy pHBD (Polygon HBD) using Polycub. This you can do from your own Metamask wallet. This is maybe the simplest way to get exposure and possibly much higher returns.
The risk is of course that you are buying a wrapper HBD and not actual HBD directly. Here we can see the return is a whopping 46,76%, which is far higher than the 20% directly for HBD. But this has fallen from last week when it was around 60%.
The alternative way to get some exposure is to buy HBD directly and keep it in your savings account. If you are depositing some larger values, you would need to use an exchange like Binance that allows you to buy a decent amount of Hive on the exchange.
Here you can see that you can enter your purchase price and see the market breadth if it will get filled. Once you have bought your Hive, you can then transfer it directly to your savings account for HBD.
Thanks for reading.