50 HBD in Passive Income - Is that enough?

I am sure that I am not the only one who dreams to retire early and attain the financial freedom all of us are longing for. For that, we need to make sure that we have sources of passive income. Passive income is when you have sources of income where you are not salaried as in the traditional work system. For the purpose of this post, I am considering the posting and interacting on Hive as passive income. That could not be ideal if you think of passive income in its purest form.

Current requirement

I need more than 8K a month in Canadian dollars to live the life that I am living. That includes the very high mortgage debt, moderate car loans and other lifestyle costs. I may tone down a bit in certain aspects of my lifestyle but I cannot change the interest rates and the amount I owe. This is a significant amount and I do not think I will be financially free until I pay off my mortgage or find ways to earn passive income to cater the monthly mortgage. In that case, I may need around 5 K a month in passive income.

Hive earnings

I quickly went to Hivestats.io developed by the @leofinance team. Here, we are able to see how much we are making from our Hive posts, curations and HBD interests. Here is a breakdown.

Author rewards	Curation rewards	HBD Savings Intrest

For the last 30 days, I made 38 HBD on my posts, around 3HBD in curation and 11 HBD from savings interest provided by Hive. In total, that is roughly 50 HBD in current market valuation of Hive.

I am fairly active on the Hive blogging platform. I spend roughly 2-3 hours in total daily on the platform and I consider that a significant amount of time given how much free time I have after my work and babysitting.

Is that enough? Obviously not

The amount of HBD I earn from posts is definitely not enough. But, that is not the only point. With these interactions, I am making more prudent financial decisions and learning about new projects that I may be involved in future. Yes, the dollar value matters and that could also be significant in a couple of years.

I am sowing seeds for my future retirement and Hive is helping me find the right seeds. In the meantime, I am growing my income through my fun interactions with my community members on Hive. The time I am spending on Hive would have been spent somewhere else. And, who knows what I would be doing with that engagement.

Is that enough for now? Yes

I am still actively working. Having 50 HBD in passive income from what I enjoy is really huge. I can only imagine how big this effort could be in the future if I can fully deploy myself with all decentralised social and DeFI features on Hive and other blockchains.

In that sense, my monthly payouts may not be high at the moment but I have high hopes that they could grow to a significant amount in various forms supporting my passive income source.

What do you good people on Hive think?

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