How Much Do You Need? .:. #MyHiveGoals 2023
After being in crypto for over 6 years I am 100% convinced that the future for it is bright... If you asked me about how sure I am 5 years ago, I would probably have a lot of doubts, but today, crypto is so much integrated on so many levels that it's impossible to stop it... Yes, the fight is still on between regulators and crypto developers, but it's not about shutting down the crypto, but more about INTEGRATING it... That's a huge step forward and a huge difference between now and then (5 years ago)!
But, when I take a look around HIVE and how many people are short-sighted, I'm getting aware that not everyone is as convinced in crypto as I am... I wouldn't say that my "job" is to convince YOU of that, but my "job" is to show you by example how it is, and how crypto can be a great addition to your budget! The starting point is always the same, create a goal, develop a plan for how to reach it, and execute it! That's what I'm trying to do with these #MyHiveGoals reports.
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The starting point, or better said the starting question should be "How much money do I need?" Put it down on paper, or in a TXT file what are your monthly expenses, rent, food, clothes, etc. What is the minimum amount that you need to "survive" the month, and what is the "optimum" amount that you need to live? When you have those numbers, you can easily split that amount into weeks, and eventually, into days... If you want to live ONLY from crypto, then you have a number, if you want to fill up the hole in your monthly budget, then deduct the number from your current earnings and you will get the amount that you want to earn from crypto...
Now you have a clear picture of your goals... How much TIME do you need to reach the goal? Split it into multiple YEARS and try to be realistic... Create a yearly (and monthly) goal(s) that is 5-10% higher than your current earnings, just to have the motivation to push every day a bit more... to stretch yourself...
Now we are coming to the hard part... If you expect that you will reach #MyHiveGoals ONLY by creating content, expecting that OTHERS will just fill your bags, you are WRONG... This is a social media network blockchain which means that you have to do things in TWO-WAY... You can be a creator, but also to reach more audience, you have to be a CONSUMER too... It's important to ENGAGE and it is important to CURATE content created by others!!
You will help others, but you will also build your STAKE, which will provide you with PASSIVE INCOME! Without that part, you will probably NOT reach your goals, because the staking part of HIVE is the SCALABLE one, that you can GROW, making your goals closer and closer... You will not depend on OTHERS (waiting for them to upvote your posts), but on YOURSELF, helping others to grow by curating and earning curation rewards (for yourself) in the meantime...
Take those numbers that you have calculated in your goals and count how big STAKE you will need so that you can reach your goals PASSIVELY... Try to build that much HivePower on your account, or at least part of your goals numbers... You don't want to WORK all your life, you are here early, and if you do things right, you can achieve early retirement by accumulating value NOW! I don't know for you, but I know that my goal is to have more passive income sources that will give me more free time in the future! You are building your "free time pool"!
It's time to go back to other numbers for #MyHiveGoals... In the beginning, let's check out HiveStats...
screenshot from hivestats.io
Slowly, but surely, I'm coming back to my daily routine on HIVE and around HIVE... In the last 7 days, I have created 5 posts, the same number as the week before, which is kind of optimum for me... I don't want to push more than that as some of the posts get a lot of meaningful comments, which means that I need more time to reply to them... And sometimes, these comments are like creating a separate post... And I like it! 🙂
Regarding the numbers, I have accumulated 250 HivePower which is at the higher margin of my planned weekly numbers (200-250)!
This week, I have accumulated a bit more LEO tokens than in the previous one... Still not enough, but numbers are a bit improved... I have collected an additional 62 LEO Power...
GAMING GOALS - Flexible Goals
Regarding my Rising Star goal, I'm still doing a bit more than I have scheduled before... So, instead of doing two times 12 packs and once 24 packs, I was doing two times 24, and one 12 pack opening during the past week...
Because of that, I have accumulated 175 cards in total during the last 7 days, which was exactly the same number as in the last report... I will try to repeat that pattern this week two until I catch up with my monthly goal!
Still no news regarding my GLX tokens goal... I'm stubborn in my accumulation and not willing to sell my tokens cheaply... As I didn't invest a lot in them, except for compounding earnings most of the time, I'm not in a hurry to return my investment... Accumulation mode is FULL ON!
In the last 7 days, I have accumulated 2330 GLX tokens which is almost the same amount as the week before... It looks like the staking APR didn't drop a lot, which is great!
It's time to update the numbers and put them into the spreadsheet until the next week! So, freshly updated numbers for #MyHIVEGoals, on September 17th, 2023 are:
These are my initial goals for 2023 created on January 15th, 2023:
Join me in this awesome #MyHiveGoals and let's grow together! It is fun, motivating, and will keep you focused!
Thank you for your time,
~ph~
PS. None of this is financial advice of any kind...
If you want to support my Hive-Engine witness node, you can do it by voting for @ph1102.ctp here https://tribaldex.com/witnesses... THANKS!
Don't forget to follow, reblog, and browse my Hivepage to stay connected with all the great stuff!
You can also find me on LEO Finance .:. Twitter .:. LBRY
This TWO-WAY part and not growing your own stake, but expecting others to and upvote you is often a recurring pattern I see.
Unfortunately, it is... But, sometimes it's not on purpose, but because people don't know how it works... It wasn't just once a case that I heard people asking what is HivePower and curation rewards... after FEW MONTHS of content creation on the platform! 😱
I like the two way part, and found for the most part the best two way part and the most fun is interacting with your age group on hive, who you have come up through the ranks with.
My first year engaged all over the place, and often my I thought well crafted comment showing not only did I read a post and was asking leading questions would get an upvote. Okay I guess the OGs call engagement a little upvote.
So for me the two way engagement part is generally with my age group or younger. Like anything of course there are exceptions ... looking in your direction!
That is something that many people don't get, but when you spend more time on HIVE, you get it right in the end... To be honest, I was chasing bigger accounts when I came to this network in the hope that they would give me some upvotes, but luckily, I got it right in the end... There is no fun commenting "for an upvote", as 1) you are doing it for the wrong reasons, 2) those "whales" aren't idiots and they get your reasons... 😃 and 3) in 99% connection, there will be any connections and all that engagement goes in vane...
So, engage with people who have similar interests, who you find interesting and amusing, who can help you, and whom you can help... It's not a brainer, it's like IRL, you get friends with people that you like... 🙂
I think the vast majority of Hivians were the same at the beginning I know I was!
I like that it's a no brainer!
It is true that the next time is only for the digital market and we will see how people are getting more interested in it, so within the next five years we will see the prices of all these things going up a lot. It will be seen that this is a good time to keep Farid on them for a long period of time, if people are wise, they will definitely do it.
You missed the point of the post...
I will read it again.
I also think that hive is like a social media and i leave Facebook since i joined noisecash, readcash and now hive because i think i should make friends here and as it need some time.
Hive doesn't mean i published a post and than ran away and open it again when I've to write a post 🙂 It's all about build a virtual friend circle 😃
They don't have to be "just" virtual friends... Those people are real people and who knows, maybe you will meet some of them in person... I did that with many Hivers and I will continue doing it...
"Online" friend can sometimes be more valuable than an "offline" friend... :)
I agree to you that sometimes if life give us a chance than we can met with virtual friend too in person and it's my experience too that online friends are more sincere than offline friend but believe me i never understand the psyche behind this 🙂
It's tough but I agree that people need to figure out exactly how the future looks. Planning it and I think most of our goals is to be financially free. Personally, I like how Hive is and I plan on increasing my own stake. The two way part is quite good if everyone wants to be here for the long term.
I suppose that those who GET IT, I mean get how HIVE works, are aware of the two-way progress, and they are building for the long term... But, many don't get how all this works and the best way is to show them by example...
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The future in the crypto space is definitely bright and I believe this is just the beginning
Great!
I don't know about money, but I can surely do with a 100k Hive power 😂😂😂
As I can see you are long enough on this chain, so you probably know what is needed to achieve that... 😃
Sound reasoning that is true for many branches not only hive.
Personally I have it in system for quite long time.
!PIZZA
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Great to hear that! It's much easier when we have clear goals!
Btw... How about a meetup in Krakow in October? 🙂 We (wife and I) have booked flight and accommodation and going... It will not be as crowded as HiveFest, but it will be a nice bunch of friendly peeps... :)
Haha..Sorry...I'm not moving this year anymore. Have many things to do, many goals to fulfil. :)
$PIZZA slices delivered:
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This is why I also encourage others to keep their stake and use it to curate others rather than completely delegating 100% of it for more returns. It's a unique space and one must be very intentional if they want to grow. Reaching and connecting others and creating special relationship with others can boost one's chances though.
Beautifully written.
@tipu curate
Upvoted 👌 (Mana: 46/56) Liquid rewards.
In the long term, I doubt that it's possible to grow without engaging with others... As everything is transparent, people get it who is "friendly" and who's not, and just stop supporting leechers... It's a normal thing and I do that in my "real life" too... Why would you support someone who doesn't care about you and about anyone else? It's not about selling tokens, powering down, or any other "monetary" thing, it is down to support and appreciation, and the rest are the consequences...
Thank you for your kind words!
I remember how I got rekt at the end of my first bull market and how everyone said that you have to get rekt to learn. I think many people just give up at that point and that is a real shame because using a bear market to continually learn without all the hype is the best thing I ever did.
I have been in crypto around the same time as you but only now do I feel relaxed and confident in knowing that all the effort that I put in over the last few years will put me in the strongest position I can be in when the inevitable bull returns.
I suppose that the bear market is the best "filter" for those who will get to the point to "get the big picture"... You have to go through a bear market(s) to get to that point... Like those university clans in Hollywood movies and their initiations... 😃
And when you go through it, you don't have doubts about it... I was repeating before, and repeating today... It's not a question of IF, but the question of WHEN... It will come... 🙂
In short...
Wise words, totally aligned with you on your thinking! :)
!LUV
@ph1102, @relf87(3/4) sent LUV. | connect | community | HiveWiki | NFT | <>< daily
! help(no space) to get help on Hive. InfoYay! Glad to hear that it makes sense for someone else too! 😃
My own goal is just to acquire as many HP as possible so that when the price rises, I'd make a lot of money...
If you create a more specific goal(s), you will be more motivated and you will know how much you can sell when the time comes... Don't forget, if you sell all your crypto, you are OUT, but crypto will continue to exist... ;)
I actually made some rough calculations which I may need to update (with inflation) by the time I reach them. And you are absolutely right, there is no way to reach those numbers as a content creator on Hive. Building passive income sources (and even not so passive but different than creating content) is absolutely necessary.
The good thing about doing some crypto goals is that the "inflation issue" will be solved by people themselves... I mean, if cryptocurrency has a limited supply, then its value will go up and should "fix" the inflation... People will "rush" into other assets, leaving fiat, and pushing token values up... But, it's true that nobody knows where inflation can go, how much up...
I do like to make calculations for the "worst case" scenario, but also I do believe that, for example, HIVE under 15 cents is a history... And that is already a nice starting point for calculations... :)
That's quite impressive if you think about it. Let's be fair, there are many that only extract and add little back, and yet the ecosystem shows strength compared to the previous bear market. For me, these are positive signs, more than what will be the ATH in the bull market. A more important indicator for me is how much support and buyers there are in the bear market.
I agree 100% with you on this! Also, I think that we had MORE active people in the last bear market when the price was lower... Today, we have fewer people, but percentage-wise, we have more diamond hands Hivers... I can't find another reason for seeing HIVE at this, solid price...
True! More diamond hands this time around. I think it has to do with our own experience in the crypto sphere. Many have gone through at least one cycle already and we know what to expect, broadly. Last bear market there were still many too inexperienced in crypto, plus soon after there was the takeover and the split.
Yep all makes perfect sense, if you don't have a goal, how can you ever expect to get there. I can draw good analogy from golf which I play regularly. Many amateur players aim for the fairway, which can be twenty to eighty yards wide and wonder why they miss the fairway.... They did not have precise enoiugh target. They should aim for something way smaller like a house in the distance or a Windmill which I use as a target on the first hole on my golf course. These smaller more precise targets definitely improve your golf game and equally having precise and realistic Hive goals will improve your Hive gains.
That's an interesting analogy... It's the same when people create too big a goal(s) that they can't reach and they can't even "see" the first step, like in your case, target a house, just to have a direction... And when they miss by a lot, they demotivate themselves and quit...
I agree, the future is bright and we are the lucky ones as we have got on the train earlier ;)
I hope that we will get a confirmation for that soon... 😃