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| 1. | | parent_author | "" |
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| parent_permlink | hive-167922 |
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| author | roleerob |
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| permlink | your-money-making-money-sound-good |
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| title | "๐ฒ Your Money Making Money! ๐ฐ Sound Good?" |
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| body | "What is the "[eight wonder of the world](https://quoteinvestigator.com/2019/09/09/interest/)?" How can @roleerob tie that in to BRO tokens and [The Man Cave](https://peakd.com/c/hive-174122/created) community? "Come on in" and let's find out!
<p><center><a href="https://seekingalpha.com/article/3802146-miracle-of-compounding-are-you-taking-advantage"><img src="https://images.hive.blog/700x0/https://images.hive.blog/DQmd7bxiyTNQBJ4r7Vt6FdwgmJnBNo68NVnyiCfbi7W2tqP/Your_Money_Making_Money_@roleerob.png" target="_blank"></a></center></p>
<p><center><sup>Source: Seeking Alpha post on "<a href="https://seekingalpha.com/article/3802146-miracle-of-compounding-are-you-taking-advantage" target="_blank">The Miracle Of Compounding: Are You Taking Advantage?</a>"</sup></center></p>
Quite a statement! Right?
Before getting into how I've applied it to the [The Man Cave](https://peakd.com/c/hive-174122/created) community and its new [BRO](https://dex.leofinance.io/market/BRO) token, let's look into this statement just a bit.
<h1>Compound Interest</h1>
Endless volumes have been written on this topic. I make no pretense to having something special to add to them. I'll just offer some hard life experience to reinforce what it has to offer us.
Oh, and what is that @roleerob?
<h4><center>Later *never* shows up!<br>Procrastination is <div class="phishy"><em>destructive!</em></div><br></center></h4>
A light-hearted statement I've heard a number of times over the years is - *"Never do today what you can put off until tomorrow!"* ๐
While we can all get a smile out of this, why is that? For the vast majority of us, it hits a little too close to home for comfort. It is just human nature to put off what we do not wish to do. If not just "blow it off" altogether. How does that inevitably work out for us?
Compound interest requires the *discipline* of overriding these tendencies and putting time to work ***for*** you, rather than *against* you. Time applied to your *money*!
Oh, well, first you have to have some money! ๐ How do you go about that? Well here is one way ***not*** to have any money:
<h4><center><em>Never</em> wait to buy<br>with savings tomorrow<br>what you can buy<br>on <div class="phishy"><em><strong>credit today!</strong></em></div><br></center></h4>
The "siren song of the world" is constantly blaring messages at us relentlessly promoting instant gratification of whatever urge we've got! Resulting in far too many of us ending up as good "debt slaves," with ever dimmer prospects of someday being free.
Denying those urges and saving your money requires that nasty "D" word again - <em>discipline</em>! If you ever <strong><em>choose</em></strong> to acquire it, you are giving yourself a gift <strong><em>you will thank your older self for</em></strong> in your latter years!
<p><center>________________________</center></p>
"[Delay, Don't Deny](https://peakd.com/hive-174122/@roleerob/testimonial-gin-stephens-and-her-powerful-delay-don-t-deny-lifestyle)" was the title of a recent post I wrote, with a focus on eating. Here we are seeing it applied to money. On the surface, they are different applications, but at their philosophical core, they are addressing the same basic problem with human nature.
So ... Let's see how we can apply this to [The Man Cave](https://peakd.com/c/hive-174122/created) community and its new [BRO](https://dex.leofinance.io/market/BRO) token!
</center></p>
<h1>Reinvesting BRO Token "Dividends"</h1>
The ancient form of the power of compound interest has always applied to our money. Held in savings. On which interest is paid, typically by a bank or similar lending institution. Who turn around and lend <strong><em>your</em></strong> funds out <em>at a higher</em> interest rate. To those who seek ***instant*** *gratification* (see above)!
But ... In this era of [ZIRP](https://www.investopedia.com/articles/investing/031815/what-zero-interestrate-policy-zirp.asp) (Zero interest-rate policy)? Or, if you can bend your mind around it, [NIRP](https://www.investopedia.com/terms/n/negative-interest-rate-policy-nirp.asp) (Negative interest-rate policy)?! Yeah, well, dear reader, in our crazy "new normal" world with policies like these, compound interest loses a bit of its uhhh - "magic" ...
Moving right along to reinvesting dividends ...
Reinvesting dividends is also a very old investing concept. Rather than interest paid on money, shareholders in an enterprise receive <em>additional</em> portions of stock back. A different form of interest, it is paid to you for the benefit the enterprise gains from putting <strong><em>your</em></strong> funds to work for <em>them</em>. In brokerage firms, a common option is to "auto" reinvest these funds back into the stock.
<h4><center>In both cases above,<br>"new" money earned by the <br>"original" money is now<br><div class="phishy"><strong><em>itself making money!</em></strong></div><br></center></h4>
<strong><em>Your</em></strong> money itself making money! Put the power of this concept to work for you and it will have a profound impact on your financial trajectory through life. The sooner the better!
<p><center>________________________</center></p>
Sounds great @roleerob. Sign me up! Does [The Man Cave](https://peakd.com/c/hive-174122/created) community and its new [BRO](https://dex.leofinance.io/market/BRO) token have an "auto" reinvest dividend option?
Yeah, well, it's a pretty special community, but ... Nope, not yet! ๐ We have to take care of that ourselves. The beautiful part? Our "dividends" are paid daily! No need to delay here at all!
Getting right to the focal point of this post then, in my first week as a BRO token holder, this is what I have received back in the way of "dividends:"
<p><center>
<img src="https://images.hive.blog/400x0/https://images.hive.blog/DQmbw6dpz522s7PS2TCaeNLodjTT3JHUnTMrZ57ZFc4Uh5s/image.png" target="_blank"></center></p>
<p><center><sup>Source: @roleerob's BRO token accounting spreadsheet.</sup></center></p>
And today, here is what I did with them, rounding up:
https://images.hive.blog/DQmevBHw5HWM6CzMnqruTF2Su8wKdo6QMJsUW2yVtadNrmu/image.png
<p><center>
<img src="https://images.hive.blog/500x0/https://images.hive.blog/DQmNiUmWQY5oe3g2XgNAvqWbEc2mmg5ekcbXpSxBUAkXvbL/image.png" target="_blank"></center></p>
Now, is 7 BRO tokens going to profoundly change my financial trajectory through life? No, not today. Not tomorrow. Not next week. Not next month ... But I now have 7 additional tokens which will generate their own "dividends" - my money making money!
If I stay focused and deem this the best use of these new discretionary funds, what about reinvesting them on a weekly basis? What would that look like in 1 year? 5 years? 10 years?
<p><center>
<img src="https://images.hive.blog/200x0/https://images.hive.blog/DQmZu7M1b4XKBmNtTx3PjioLP44rnwaw45NEhD2QZYM9uyC/image.png" target="_blank"></center></p>
That, my dear reader, is the power of making sure you <em>never</em> lose sight of opportunities for your money to make money!
<ul>
<li>Caveat #1: Note these results are for <em>one week</em>. Based on curation rewards which have only one guarantee. They will <strong><em>vary</em></strong>!</li><br>
<li>Caveat #2: I am not an accountant and did not have time to track down a compound interest calculator and wrestle with how to get BRO tokens "meshed" into its limitations.
So ...<br><br>True confessions: As good as these results look, they actually do <em>not</em> even show the power of compounding, but just "simple interest."</li><br>
<li>Caveat #3: I am not a financial / investment advisor. Please do your own research and perform your own due diligence. I highly recommend that you <em>not</em> invest more than you are prepared to lose.</li><br>
</ul>
<p><center>________________________</center></p>
I would encourage you to give careful thought to this wonderful concept, if you have never had reason to before now. It has nothing to do with the amounts of money to which you apply it. With whatever limited funds you have available to you, the key is to just <em>get started!</em>
<h1>Closing</h1>
Many of us spend most of our lives exchanging our valuable time and effort for money. If we aren't "moving," the flow of money stops. Applying what we have covered briefly in this post will begin the process of changing that!
Equally true is many of us let the opportunity to do so pass us by, due to the unwillingness to address the discipline needed. Hopefully this post has given you some inspiration and encouragement to change that as well!
Iโd love to hear any feedback you may be inspired to provide.
Until "next time," all the best to you for a better tomorrow, as we all __*work*__ together to build up our Hive Communities and add increasing value to our Hive blockchain! 👍 😊
Respectfully,
Hive Blogger & Man Cave "Lieutenant" @roleerob
<h1><center>🐝 🍯 🐝<br></center></h1><br>
<center>Posted using [LeoFinance](https://leofinance.io) and *โimmutably enshrinedโ* in the Hive blockchain on [Thursday, 23 July 2020!](https://hiveblocks.com/tx/14937b7f71d65a9311373c5c6761c5d590274a9d)
๐ฒ No trees were harmed in the publishing of this post! ๐ฒ</center>
<p><center>
<a href="https://peakd.com/@zord189"><img src="https://files.peakd.com/file/peakd-hive/zord189/40Di30Y2-roleerob.gif"></a>
</center></p>
<h5>Interested in reading more of my related posts?</h5>
<table>
<tr>
<th>Lead Image</th>
<th>Title, Link, & Summary</th>
</tr>
<tr><td>
<a href="https://leofinance.io/hive-167922/@roleerob/land-of-leo-my-first-leodex-transaction"><img src="https://images.hive.blog/DQmPPfAYDx29vcPXiaMMGPK79M5wTUxmJ2dpBbuHrwwD9NY/Thmb_1st_LeoDex_Txn.png"></a></td>
<td><a href="https://leofinance.io/hive-167922/@roleerob/land-of-leo-my-first-leodex-transaction" target="_blank">Land of Leo: My First LeoDex Transaction!?
</a><br><br>
With discretionary funds from powering down on the Steem blockchain, I decided to invest some of it into additional LEO tokens. This post covers my experience with attempting to do it on LeoDex.
</td></tr>
<tr><td>
<a href="https://leofinance.io/hive-174122/@roleerob/the-man-cave-new-hive-community-and-first-bro-tokens"><img src="https://images.hive.blog/DQmQE3nLp1paEpPrABpNZ5o31hgNGX48ME8Wr7LJhdwxsnf/image.png"></a></td>
<td><a href="https://leofinance.io/hive-174122/@roleerob/the-man-cave-new-hive-community-and-first-bro-tokens" target="_blank">The Man Cave! New Hive Community and First BRO Tokens ...</a><br><br>
How does any "new chapter" in our life begin? Are there ever really any coincidences in our lives? In this post, you will read my story behind the discovery of The Man Cave, a relaunched community for "man stuff!"
</td></tr>
<tr><td>
<a href="https://leofinance.io/hive-167922/@roleerob/yo-got-bro-oh-no-go"><img src="https://images.hive.blog/DQmSwBwMg7ChJuLgfV7DBpAeQYrhvyYa5Xr78Bzd6eRXArE/Thmb_Got_BRO_@roleerob.png"></a></td>
<td><a href="https://leofinance.io/hive-167922/@roleerob/yo-got-bro-oh-no-go" target="_blank">Yo! Got BRO? Oh no ... ๐ Go! ๐
</a><br><br>
Since my <a href="https://leofinance.io/hive-174122/@roleerob/the-man-cave-new-hive-community-and-first-bro-tokens" target="_blank">discovery</a> of <a href="https://peakd.com/c/hive-174122/created" target="_blank">The Man Cave</a> community, I had developed a steadily increasing appreciation for it. And had invested into it accordingly. This post was written to encourage others to seriously consider doing the same!
</td></tr>
</table>
<p><center><a href="https://peakd.com/c/hive-174122/created"><img src="https://images.hive.blog/400x0/https://images.hive.blog/DQmNkGLJE7ka36UGZ4McY9dtzvqGZpTUQUhBUwrn33f5ZjW/mancave.png" target="_blank"></a></center></p>
<p><center><h6>
<a href="https://peakd.com/c/hive-174122/created" target="_blank">The Man Cave</a>: A Hive community <em>"for men to retreat to their cave and do manly stuff"!</em><br>
<a href="https://discord.gg/qd8J2x3" target="_blank">Discord</a>: Engage with The Man Cave's "band of brothers"!</h6><h3><a href="https://peakd.com/c/hive-174122/created" target="_blank">Check</a> it out!</h3></center></p>
<p><center><img src="https://images.hive.blog/300x0/
https://cdn.discordapp.com/attachments/601262083044147202/601407761007509505/w6OUNaWf-image.png"></center></p>
<p><center>
<a href="https://discord.gg/KgcVDKQ"><img src="https://media.giphy.com/media/U56fwKaFVCmUPLpksb/giphy.gif" target="_blank"></a></center></p>
<p><center><h6>
<a href="http://www.leofinance.io/" target="_blank">LeoFinance</a>: A Hive blockchain community devoted to investing!<br>
<a href="https://discordapp.com/invite/KgcVDKQ" target="_blank">Discord</a>: Engage with LeoFinance's Online Community!</h6><h3><a href="http://www.leofinance.io/" target="_blank">Check</a> it out!</h3></center></p><br>
<p><center><sub>Hive signature GIF created by <a href="https://peakd.com/@zord189" target="_blank">@zord189</a>. Ask him to create one for you!<br>This account is protected by @dustsweeper</sub></center></p>
Posted Using [LeoFinance](https://leofinance.io/@roleerob/your-money-making-money-sound-good)" |
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