A good start for a long term passive income (2025.06.02)

It will be interesting to look back to these blog posts 10 (and more) years later.

At least hopefully.

Nowadays I am planning for decades with Hive Dollars (HBD) savings.

Hopefully it will work for long term.

Currently I have $1421.56 HBD in savings.

The last interest payment was 22 days ago.

Since then I earned exactly $12 HBD interest.

This means $0.545 HBD interest per day, and $16.35 HBD interest per month (30 days).

The next interest payment will be in eight days.

I continue regularly, consistently buying and transferring Hive Dollars (HBD) to savings.

Probably I will reach the milestone of having $1500 HBD in savings before the end of this month (June).

This amount is practically rather an initial investment in the aspect of passive income and wealth building.

And it actually is.

But for me, it is an actual milestone too.

Because finally, after years, I am actually getting out of deep poverty.

Imagine receiving approximately $320 USD (€280 EUR) pension-like income for living with multiple disabilities.

Nowadays this is me.

And from Europe. Not from Africa. Not from Asia.

This is deep povery.
At least with European standards.

I am really try to do what I can to get out of deep poverty.

I am building this from zero (0).

Dollars by dollars, and cents by cents, if needed.

And for the second time.

I had more than $1000 HBD in the past too (a few years ago), when the interest rate of the Hive Dollars (HBD) savings was 20% APR, and I earned more than $20 HBD interest per month.

Nowadays the interest rate of the Hive Dollars (HBD) savings is 15% APR.

Hopefully the interest rate will remain around the above mentioned range for long term.

Many people said, even for the 20% APR interest rate, that it is sustainable for long term.

Hopefully it really is.

And this time my current plan includes the goal of not withdrawing anything from my Hive Dollars (HBD) savings at least for a few years.

Hopefully in years, and especially in decades, it will give a proper passive income (at least a few hundred HBD interest per month).

Probably this is achievable, if I continue to regularly and consistently buying and transferring Hive Dollars (HBD) to savings, and if I do not withdraw any amount from it at least in the next few years, and if the interest rate will not go lower.

If I count with the above mentioned $16.35 HBD interest per month amount, then that is at least $196.20 HBD per year interest, not counting the compound interest, nor additional transfers to Hive Dollars (HBD) savings, nor any changes in the interest rate.

So already almost $200 HBD interest per year.

This amount is also a good investing milestone, especially compared to my current financial situation.

I wish successful investing to everyone.