Saturday Savers Club - 2,500 Hive Power Milestone Obtained (A slightly stouter minnow?)

in Ecency7 days ago

Saturday Savers Club

The #SaturdaySavers Club from @eddie-earner, written by @shanibeer is a project to encourage and promote participants to set savings goals, and then update their progress once a week. It functions neatly as a mechanism for accountability and encouragement.

This weeks update post can be seen at https://ecency.com/hive-167922/@eddie-earner/saturday-savers-club-with-susie-saver-or-year-5-or-week-7-saturday-15-february-2025

2,500 HP ACHIEVED

When I joined in Saturday Savers Club on January 18 - I had approximately 1,600 HP and set the a goal for the year of 3,000 HP. With weekly purchase and curation rewards I now sit at just a hair over 2,500. I will adjust the savings goal when I reach 3,000 - and would like to hit "Dolphin" status on Hive this year.

GENERAL PROGRESS and HIVE STAKE BASED INCOME

I exceeded all of my goals for the tokens in the chart. My progress is a bit under what I would prefer for Hive Stake Based Income @steembasicincome , to speed that along I will share SBI with several commentors on this post. So if you read this far, leave a comment!

KE-COEFFICIENT - BEE BALANCED

In the HIVE Discord today @ecoinstants hosted the Deep Web3 Secrets show, titled - Episode 7: "Emergency" DHF update show". If you missed it, give it a listen, it was a great event.

During the course of the show the KE RATIO popularized by @azircon -
see this post for reference https://ecency.com/hive-13323/@azircon/ke-ratio-as-a-guide

The "Bee Balanced" Application created by @beaker007 will allow you to calculate your KE ratio or see the ratio of any account.
https://beebalanced.streamlit.app/

A lower ratio indicated a user is more of a saver or investor, @shanibeer calculated than the average KE ratio of #SaturdaySavers was 0.85 - in aggregate we've saved most or all of our curation rewards and then some!

I'm going to pause and self-congratulate for a KE Ratio of 0.35. I should note that as a minnow a few modest HIVE purchases make it very easy to tilt the ratio in my favor.


Keep saving friends!

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Great to see you found the beebalanced tool.. and a nice KE ratio it is 👏.

Great to see your progress over such a short time!

Looking forward to seeing you become a Dolphin 😍

Sending you an Ecency curation vote!

Thank you Melinda!

It is my pleasure! Enjoyed hearing you on the Live show today. We have time slots available anytime you would like to host your own Live Show in Ecency Discord.
!INDEED

As a newcommer to hive I think it is too early to set saving goals, but as soon as I get the hang of it saving will become more and more relevant. I'm in need of some sort of tutorial about it.

@alohaed, I paid out 0.656 HIVE and 0.217 HBD to reward 4 comments in this discussion thread.