HPUD: Can we make a comeback?

Today is the first of the month and not only is it Hive Power Up Day but also another important day being the 3Speak monthly air drop day which most of Hive has come to really look forward to.

I mean who can complain with free money and not to mention once 3Speak fully launches it will revolutionise how we consume content and earn. A new way forward for not only Hivians but also anyone on the internet.

Web 3s full potential is yet to be unlocked and we're all here having a front row seat early.

But while we celebrate our early adoption things in the mainstream have gotten challenging for many as the end of COVID19 has also ment economic hardship.

This side of 2022 has been absolutely devastating for many due to rising inflation, rising interest rates, stagnation in wages and just all round economic hardship.

Much of it has been caused by mass flooding of money from federal governments and Inflation growing due to governments seeking our support in buying local to keep businesses a float. Now the commoners are drowning and we are asked to keep swimming with no end in sight.

Unfortunately I have also fallen into this fiscal bucket of crap as I was building a home that took 3 years to build. But the actual process has been going on since 2017 with delays in the building sector and builders claiming "COVID delays".

Good news for me is that we recently had our house handed over and completed which means I'll soon be rid of the rental and can finally focus solely on my mortgage and property.

But unfortunately this has still brought in some chronic economic pain as I wasn't able to lock in my mortgage rate so I have watched it go from 1.89% to 4.6%.

That coupled with the rental I was absolutely getting crushed so I had to start off loading assets to make ends meet.

This month alone has costed me $AUD70,000 in expenditure although that was loan settlement and then contractors to come in and lay concrete, fencing, curtains and blinds and outgoing funds in the hardback of the rental which is due next week.

Despite having to sell assets to cover current liabilities I've been trying to rebuild and ensure my deduction on here wouldn't hurt as bad as it was going to.

To be completely honest I've managed to claw back a large chunk of what I've had to exit and it hasn't been as hard due to my initial position. I was still earning while upvoting and the 13 week power down ensures I am only dropping slightly per week.

I haven't been as active posting due to the amount of work I've had to put into my current affairs hut I should be back soon reporting in full and contributing to the blockchain as always.

The benefit of Hive is that you can re earn it if you put in the hard work and today being HPUD day it's time to Power Up and commence my rebuild.

images sourced from Canva Pro Subscription. This is not financial advice and readers are advised to undertake their own research or seek professional financial services.

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