I love settings goals!
I truly believe this is one of the best ways to keep accountable to yourself, and allow you to measure and monitor how well you are progressing in anything at life...
Write those goals down, you'll be amazed at what you can accomplish :)
When I first joined the blockchain, I came up with a goal of hitting 5000 staked tokens in my first year of being here. You have to remember, this was so out of my reach at the time because the tokens were trading at all time highs...We're talking 8 bucks per token!!
5000 powered up tokens would have cost me over $40k USD at that time and it was so out of my reach...But I was fired up and excited for the potential of this project so I developed a plan....
The whole 5-500-5000 idea came from this. I needed to follow a daily habit that would turn my actions on the blockchain, into 5000 tokens or at least get me pretty close.
I had an end date set to hit the goal, the desire to do it and well...The stubbornness to make it happen!
I actually hit my goal way before the time I had planned so I know this stuff can work...When you write your goals down, and develop solid habits, big things can happen!
Fast forward to my new journey here on HIVE...
This week, I've decided to create some new goals for my personal account here...
Thanks to the hardfork and my desire to sell off the 'old token', I'm going to hit 50,000 HIVE Power pretty quick. And that's something again, I never thought in a million years I'd be able to reach when I first started here....
But with my online business focused on HIVE and our game plan for bigger and better things along the journey, I wanted to see what it would take to...
=> Reach 100 HIVE a day in passive income! <=
So I'm going to take an inventory of what I've got going on right now and see how far off I am (or even if it's possible right now...)
Content Creation - Between 20-30 HIVE (HP) A Day
This does fluctuate depending on many factors, but still a big chunk of my rewards here come from creating content. I've set up the habit of creating every single day and haven't missed a beat for quite some time. I love doing this, but it's still...'Work'. How do I get these 20-30 passively is the question?
Delegation - Between 0.8 to 1 HIVE A Day
I delegate to projects like @Qurator @Curangel and @ThisIsAwesome which gets me around 1 HIVE per day. I could increase this obviously with more delegation but it's still nice to get a chunk everyday for letting my HP work for me...This is what I'm looking for more of!
DLease - 3.829 HIVE Per Day
I just started playing with @dlease this past week and it's pretty slick. I lease out / delegate to projects looking for funding and I receive around 14% return over the next few weeks and months. This can go up obviously if I lease out to more projects and members of the community.
Sale of CTPM on Hive-Engine - 1000000% Up To The Market
This can net my partner and I hundreds of HIVE a day....Or none. The market decides if they want to purchase these mining tokens. And while our plan is to always promote and bring awareness to the token, my goal here is to have steady and reliable 'HIVE income'...So While these are cool and a nice little bump, it's not a guarantee every day.
Curation - Roughly 5 HIVE Power A Day
Here's my Achilles heel of the blockchain. I'm the first to admit, as much as I love supporting others with upvotes...I do a horrible job of maximizing my curation efforts. I think it's because of a few factors...
- I've never understood the science behind WHEN to upvote someone for maximum curation rewards.
- I've never used a curation trail or auto vote system
These are my own fault and I think the more I dig into these points, I can increase my rewards. I saw a bunch of really cool (and uber confusing) posts this week about maximizing our curation...That's on my homework list this week to learn more about it!
When you put all together, here's what I'm looking at:
Using the TOP numbers form each, I'm at around 39.829 HIVE / HP a day from my efforts here on HIVE.
This is combining the passive forms of generating HIVE like delegation and Dlease....As well as my own efforts with creating and curating.
Obviously, I've got a lot of work to do....
But the goal of 100 HIVE passively a day on HIVE can be done!
Now it's time to learn about how to maximize my returns here while never forgetting why I'm here in the first place..!!!
I truly believe it's time to Thrive...On HIVE!
P.S....If anyone has any ideas on how to create more passive income on HIVE, I'd love to hear your thoughts and suggestions :)
Check out the CTP Token on Hive-Engine!
Wanna learn more about our little community and tribe on the blockchain? We'd love to have you!
Here's our Discord channel!