Saturday Savers Club: Week 1

Note to self:

"Today is the first day, of the rest of your life!"

^{Source: Enhancement of roleerob's creation
on L1X Assistant on LayerOneX's server on Discord}

Okay ... So, having committed to resume posting on Hive, in support of this inspirational community, how am I doing so far? Well ... Let's see if I can get past Week 1 to Week 2 and get an instant 2X on the number of posts I have written for it ...

^{See what I did there? If no idea, then quite likely you are new to crypto investing ... 😉}

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Onward and upward! Into my weekly update ...

Weekly Update

To get a rhythm going, I have already made my first decision. I need a set time each week when I am ... "alerted" ... that I need to have this posted. And the best time, at the moment, is early on any given Saturday morning. If I cannot get it done on Friday ...

One problem. What's that?

Well ... The payout from my first post last week hasn't hit yet! And that was the basis for my first pass at setting some financial objectives!? 🤔🤷‍♂️

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Thankfully, since then to ... "clear the deck" ... I added to my investment in EDSD, since I had some "spare" HBD to get out of the way of incoming payouts ...

So ... Here is my update for Week 1:

^{Source: roleerob's spreadsheet for tracking progress}

Pretty simple, to start. I had 200 EDSD and I would like to end this year with twice that. At least ...

Weekly Focus

As I do most of my investing outside the Hive blockchain, I am far from an expert on our investing options with its L2 tokens in Hive Engine.

I started this week, in general, to work on a "continuous improvement" process of changing that. I am in no hurry. "Steady as she goes" ...

A focus this week, in particular, was saving money on all the fees associated with getting $$s outside our Hive blockchain into Hive Engine.

Here is one "backdoor" I found:

^{Source: Deposit via Polygon (MATIC) into TribalDex's wallet}

No fees whatsoever! Other than the gas fees, for the transfer, on Polygon. Anyone with any experience with that blockchain knows that is "peanuts" ...

^{Source: roleerob's transfer transaction on PolygonScan.}

~$100 moved into Hive Engine for essentially nothing! 👍

Weekly Tip

To save money, you have to ... Wait for it ... SAVE MONEY!

Fees are "costs of doing business."
Which eat away at your ROI.
Do what you can to reduce / eliminate them!

In the "Wild West" environment of crypto, it is easy to miss fees altogether, in the sometimes mind numbing details of blockchain transactions. Make a concerted effort to steadily improve your understanding of these fees. Then, do what you can to keep them to the bare minimum.

Hope that helps! 🫡

Well, that didn't hurt too much. So ... Maybe I can do it again about this time week. And get a trend going! 😉

I’d love to hear any feedback you may be inspired to provide. Or, if I can help you with anything, please don't hesitate to ask.

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,
Blogger @roleerob
Hive "Dolphin" 🐬 & Man Cave "Dragon" 🐉

P.S. I am not a financial adviser. Please consider this post as financial information and / or opinion only. Please perform your own due diligence, in whatever manner seems best to you, if you have found it to be beneficial.

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“Immutably enshrined” in the Hive blockchain on Friday, 26 January 2024!
🌲 No trees were harmed in the publishing of this post! 🌲

^{Additional PIF Savings: Sponsored weekly SSC winners.}