Pay yourself first. Method for financial scalability using the Hive Savings method

What is paying yourself? This is a method that has been used for years, these can be found in books such as the richest man in Babylon, rich dad, poor dad. But what is this concept about? This is a method that can return a habit that starts and continues, there will come a time when you will do it without it hurting you to do it: But how is the method? The method is before paying your debt? The fixed expenses of the house, you pay yourself a percentage of the money you receive, perhaps you will say that if the money is not enough to pay your debts as you will to pay yourself. By performing this method you will save and have more financial freedom but you must do it first, not that you first cancel your debts and then with what you have left is that you are going to save. Not first it should be you who pay you, then the expenses, although it is a difficult method you can start with a small percentage, example 1% and gradually increase it.

Pay myself from my HBD earnings using the Hive Savings method

In our Hive wallet it offers us a Savings method that we can use to pay ourselves first, currently this method has an APR of 10%. What should we do to stipulate a percentage of our earnings for savings where it will allow us to grow economically and in turn with a benefit of 10% APR.

Example

In my account I have 3 HBD of my earnings, from that I will stipulate a percentage that I will enter into the savings, this time I will start with a percentage of 35% to pay me. We calculate how much is the percentage of 3 HBD 35% equals 1.05 HBD.

This will be the steps to be taken, we will enter our wallet: https://wallet.hive.blog/@celi130/transfers, log in.

We go to HBD, we click it will generate a tab where we will select "Transfer savings".

It will show the following screen where we will place the amount.

Then we give you authorize.

Ready and our amount is in the savings account ...

So you can start this method of paying yourself first here at HIVE ...

Posted Using LeoFinance ^Beta