While I truly believe in both Hive and LeoFinance and I obviously want these amazing tokens to reach crazy numbers at one point, I honestly don't think that we will see Hive worth more than $0.73 during 2021.
That is still a wonderful climb though. For LeoFinance, or LEO tokens, things are looking different. I think we will reach a maximum of $1.81 for a brief moment before we eventually stabilize more at somewhere between $1.17 and $1.23 at the end of the year.
I might have started at the wrong end of this initiative by stating my predictions for Hive and LEO, but I don't want to force people to read a long article of 1000+ words just to see what I think those prices will be during 2021.
Before diving deeper into this, I'll take you by the hand and walk you straight down the rabbit hole I'm sitting in. This story could actually start well more than 5 years ago, but I'll try to stick to the more recent times and talk about the most recent years, which would include the second half of 2018, 2019 and 2020.
I worked as a full time freelancer, having my own brand building business for a few years before I realized what I truly wanted to do with my life. This was before the end of 2018 and it turned out to be one of the worst things financially speaking, while it was the best decision I have ever done at the same time.
I went back to school. Instead of being my own boss, which I was familiar- and comfortable with after several years of running my own business and being a full time freelancer before that, I went back to school to listen to teachers and to learn about my newly found passion. Mental illness.
I studied both psychology and psychiatry amongst several other things that was included within my education. I studied to become an assistant nurse specialized in psychiatry, or another word for it, a mental health worker. That transition, to go from being my own boss and a full time freelancer with my own brand building business to become a student who had to listen to teachers and do homework...
I won't disclose exact numbers, but I can say that I had less than a third of my income as a student, and that was student loans. Since I had helped my mother financially from 2012 when my father passed away, things became more difficult as well.
In all honesty, I wasn't really ready for those changes and I didn't expect things to be so different, but I was very clear with what I had in mind for myself going forward and I knew that the education was the first step towards my goal in life, so I was able to hang on.
Nowadays, I work full time and my income is approximately half- or a little more than half of my income compared to when I had my brand building business. So yeah, my goal in life doesn't really do me any favors financially, but I love what I do and I wouldn't quit my job for anything in the world.
My goals for 2021 is to pay off my student loan. My total debt is ~11000 USD and even though the interest rates are good and I could pay off on this loan for several years, I hate this student loan so my goal is to pay it off in full before the end of 2021.
I hate Covid-19 and what is has done- and continues to cause for people from all over the world, but it has given me a chance to work more than prior to Covid-19 due to guidelines we have at work. People with symptoms stays at home, and that gives me an opportunity to work extra. This is obviously tiresome and I would love to spend a lot more time on LeoFinance for instance, but working extra on my day job gives me a steady income which is much needed to pay off my debts.
Another goal I have is to reach 10,000 LEO and 15,000 Hive by the end of 2021. I am currently sitting at ~3650 Hive and ~2650 LEO. Like I have mentioned previously, I was one of the top authors on LeoFinance, and I was fortunate enough to make a whopping 1656 LEO in 2 months.
I don't expect those results to continue for various reasons, but the biggest reason is due to my time being so limited. I can't keep up being as active as I want/need to be to pull of such numbers so I have to change my approach. However, 1656 in 2 months equals to ~9900 in 1 year, so even with 30% of those results, I would sit close to 7000 LEO which is 75% of my goal.
With my delegation to @leo.voter, (I delegate 3600 Hive currently and I increase my delegation for each 100 Hive I make) I seem to earn ~0.5+ LEO per day. This equates to ~182 LEO in a year. However, if I would continue with my current delegation plan and if I reach my goals for 2021, I am likely to delegate almost 10K Hive to @leo.voter towards the end of this year, so the returns are likely to increase as well.
That gives me a sweet bonus of LEO tokens that pushes me closer to my financial goals.
On top of that, I have a 100% passive income due to my earlier freelancing days, an income that averages approximately 3 USD per day. That equates to a total of ~1100 USD in a year.
As I have previously used that income in real life for various things, I will set this income aside to invest in Hive or LEO tokens instead and my plan is to do that once per every ~3 months. I could do this more often but I figured that my initial plan of buying tokens once per every 3 months will give me a decent shot at buying tokens at rather good prices while they are pumping.
If I can manage to buy tokens at an average price of ~0.3 USD for Hive throughout the year, it would give me a total of ~3600 Hive in a year which is more than 33% of my total goal, so that passive income can- and will finally be used to invest into my future goals of changing my life financially.
On top of that, I want to look into LEO miners and some other, perhaps similar tokens, but I haven't set any specific goals for that as of yet. Both BRO and LBI seems interesting(?).
So, within this article I have answered a few questions:
This is my entry for the FinancialGoals2021 Initiative.
Posted Using LeoFinance Beta