As it was pointed out to me .. the HBD interest rate is actually paid out every 30 days which I had previously mistakenly said it can be claimed at anytime.
So I redid the spreadsheet to calculate interest based on 30 days claim instead.
In the picture above, we can see that investments started at 100 HBD and on the right side you can add in deposits made every week for example here its 5 HBD every week.
The total APY would be calculated to amount to 284.54% in 12 months. Now this is taken into account that the weekly 5 HBD is accumulated purely from posting content or from other earnings.
Basically what I use is hive keychain where you can just create a recurring funds transfer every 30 days
Well .. to place it into perspective .. its good to have a savings plan and hive actually gives that opportunity to do so. Being able to automate it is the best deal however the idea is to have a "plan" and that is the first step in creating a sustainable lifestyle.
Cheers all and have another amazing weekend all.
