I set myself the goal of doubling my Hive-Backed Dollar (HBD) savings from $300 at the end of July to $600 by the end of August, without putting in any “out-of-pocket” cash. It’s only 6th August as I write this, and I’m pleased to announce that I grabbed hold of the second rung ($600) of the HBD Freedom Ladder a couple of days ago!
Find out more about the HBD Freedom Ladder here:
https://davidhurley.net/i-climb-onto-the-second-rung-of-the-hbd-freedom-ladder/
How did it happen so fast, without my investing any “out of pocket” cash into the Hive blockchain?
The Power of Affiliate Marketing
Simple! It’s thanks to the power of affiliate marketing! Specifically, it is thanks to the Livegood affiliate program, which gives you the option of receiving commission payments in Bitcoin.
Even though I barely lifted a finger to promote Livegood last month, my passive earnings came to $292 (after transaction fees were deducted) and landed in my Freebitco.in account on 4th August.
I immediately sent about $300 worth of BTC across to my Hive account where it was converted into 931.990 HIVE. I switched 758 HIVE into HBD, which was enough for me to hit my August target of $600 worth of HBD. Thank you very much, Livegood!
Here are the transaction logs on my Hive account:
Can I Reach the 3rd Rung in Q1 2024?
So now my target is to grab hold of the third of the nine rungs on the HBD Freedom Ladder – $3,000 – by the end of March 2024 at the latest. I’m hopeful that I can do it with a combination of HBD interest payments, 50% curation from Hive-blockchain blogging payouts, and affiliate marketing commission payments.
Join Me On The HBD Ladder To Freedom!
Here are the targets for each of the 9 rungs of the HBD Freedom Ladder:
- Rung 1 = $300 ACHIEVED, July 2023
- Rung 2 = $600 ACHIEVED, August 2023
- Rung 3 = $3,000 TARGET = March 2024
- Rung 4 = $6,000
- Rung 5 = $7,500
- Rung 6 = $15,000
- Rung 7 = $30,000
- Rung 8 = $60,000
- Rung 9 = $120,000 (@20% p/a, the passive income yield = $2,000 per month)
What about you? Have you started to climb the HBD Freedom Ladder? Let us know in the comments.
I published a longer version of this post on my blog @
https://davidhurley.net/i-climb-onto-the-second-rung-of-the-hbd-freedom-ladder/
Cheers!
David Hurley
P. S. Hop onto my free Beginners Crypto Course for more free crypto tips: https://llpgpro.com/mhpz6yzd/hv
P. P. S. Learn more about how you can earn crypto on the HIVE blockchain: https://thehiveguide.com/hirohurl