I was thinking about what will be the ideal amount of money needed for me to be financially free and thus came up with a number which is 50$ per day from passive income and once I get that I can easily be financially free. I think this is in the mind of a lot of people who think that if they earn this amount of Hive, they will be financially free or financially stable. If I talk about every part of the world, with the 50$ per day someone would be living richly in their country whereas for some it is just the rent for a week. In my country, this money can fulfil your basic needs and thus it's enough to be financially free.
PC: Pixabay.com
Now getting 50$ per day on Hive is not easy and needs a lot of work to do. If I talk only about HBD then I need at least 91250 HBD to get 50 HBD per day at 20% interest. If I talk about Hive then I need 125 Hive per day with a current value of $0.40. Generating 150 Hive per day or having 91250 HBD is not easy. There might be some people out here on Hive who might be getting it but it is only the top 1% and not all.
This is where the second layer Hive token can play a role, like if you are a Splinterlands player, or you are playing any other game then it might possible but for that also you need a huge investment or you should be an early adopter of the game. So when you combine all those small incomes you can get to that number. If I talk about myself, I am earning only 2$ per day passively and thus it needs a lot of my time for me to get to that number.
If I am active then I can get up to 5$ per day but again generating passive income instead of active income is the key to growth because then you can devote your time to other places so that you have multiple sources of income. And the time can be spent on something which people usually enjoy doing. So to get to that 50$ per day I have to continue putting HBD in savings, continue getting the Hive Power, continue playing RisingStar, Splinterlands or any other game as well as continue posting here on Hive.
How are you thinking of getting 10$ or 50$ per day on Hive?
