In the future UBI will become a reality and I for one would not like to be a Mr Average waiting for a Government hand out. Each country would vary and knowing Africa you would be dirt poor if you had to rely on what was on offer.
Over the last week we had the State President of South Africa make a number of announcements with one of those being universal basic income (UBI). More like the lack thereof as the country does not have the budget to run it out as the social grant currently in operation is roughly 4 times off the required target.
The SocialGrant of R350 is more like $22 and the proposed UBI is $80 (R1200) as taking people above the poverty line is what should happen as otherwise what is the point. The obvious solution is for the Government to find a solution for the growing numbers of unemployment which are at an all time high.
With technology going to take away jobs over the next decade this should be a worry for many. The time is now to take action and to sort yourself out without relying on Government hand outs. Those that are actively thinking of their future will surely benefit and there are plenty of options if one looks. In crypto we are fortunate enough to be ahead of the curve and many of us are set in many ways even though we can't see it currently. The foundations have been laid and this will or should set us up for the years when UBI is rolled out to the masses who missed the boat.
The UBI got me thinking as the HBD staking with the 12% will no doubt serve a similar case for many users on Hive and for those still coming. Every country will vary on what is deemed a livable income so this in many ways is up to you on what is required. A $3000 investment would generate roughly $1 per day which is my initial target for this year.
It wouldn't take much to generate $100 per month as all it would need is Hive to go up enough to be able to convert and stake. A $5 Hive would only require 2000 Hive to generate the required $100 return each month which would in many countries make a big difference.
A $10 000 investment with atop up of $50 per month over 10 years would see you having a passive income of $450 per month. Obviously the more you add the more the return would be and is perfect as a top up towards a pension fund of your own.
Just by doubling up from $50 to $100monthly on your original investment of $10 000 changes things by over $100 per month to $570.My thoughts are much higher though regarding the initial investment when Hive does the $5 or $10 as that would be a smart move I think. Earning $1000 monthly or more would be in reach for many on Hive.
At some point within the next 4 or 5 years the amount of accounts having large stake in HBD will grow which is good news for the Hive ecosystem. Less Hive hitting the exchanges making it far more scarce is good news all round. The ability to grow ones stake through compounding can never be underestimated as the growth is off the charts once given time to grow.
The real beauty about this investment is the ability to top the HBD savings up regularly with earnings generated on Hive. This is all up to the individual on what you are earning and what you can afford.