| Earnings YTD | HP | HELIOS | GLD | Off Chain |
|---|---|---|---|---|
| (Day 12) | 10.551 | 0.021 | -132 | 0 |
What's the point?
One of the biggest things to do on Hive is have a goal. What your goal is isn't that important but without a goal its hard to plan what to do because you don't know where you are going.
This account is just a daily "What did I do to make money when starting an account with absolutely nothing". The overarching goal on Hive is to show what I believe is good Hivian behavior that anyone can follow to make themselves more financially secure.
What steps am I going to take?
First:
Make money on Hive. Make useful posts, document my life, take pictures and generally blog without using AI...keep all ideas mine.
No posts, No money
Second:
Use Hive to earn money. There are many ways to make money on Hive. Posting is the most obvious way to make Hive but...
- Delegation to curators earns return
- Holding certain coins earns return
- Burning some coins earns return
- Upvoting can earn returns if you have enough HP
- Staking coins can earn return.
Of course what curator, what coin, what delegation are always hard so I've looked at many options and will be showing what I think are the most lucrative ways to earn Hive.
Third:
Cashout Hive to invest in FIAT. Now I know that moving value off Hive isn't an awesome thing. If too many people do it then Hive weakens. However, putting all my investments on one platform is against my diversification guideline. I never keep all my eggs in one basket or all my money in one place.
Fourth:
Use my real world FIAT investments to re-invest into Hive. Hive helped me make the money so I want to reinvest into Hive so that it can help others as well. Sure it will take a long time for the money from real world investments to actually be substantial but I have to start somewhere.
But that's a Mission Statement at best, not a goal
Goals need to be concrete and measurable. Without a way to measure it tends to be nebulous and more like a dream or nice idea than an actual plan.
In that regard I will follow the "Slothy Savers" set my goals and see how close I can come to them. Now that my first Hive and HP have come in its time to think about what to do with them.
Price volatility of crypto can really make planning hard. Some people used to have a lofty goal of becoming a Hive Millionaire. With the steady decrease in Hive value that seems like not so lofty a goal these days. In that light, everything I mention here is based on current market conditions and is quite likely to change by the end. Here are my goals and why I chose them.
HP (700)
I would like to have 700 HP by the end of year. That's 2 HP daily which I believe is attainable. However, I also want to do that while keeping my KE at 2.
It is important to me that I keep my KE low. I don't want to be seen as someone who leaches off the system. However, I want to actually invest so liquid Hive gets moved where I think it will serve me best either on chain or off. Result: KE should stay steady at 2 which just means "half I save and half I use".
HELIOS (1000)
I'm absolutely using the HELIOS token and their mentorship burn function to increase my rewards. To do that I need HELIOS tokens. I will get those tokens in 3 different was:
- Direct purchase from
- Delegation to the
account for daily HELIOS rewards
- Holding HELIOS tokens for additional daily rewards (Payout only occurs to top 69 holders)
GLD (5000)
I borrowed GLD from 
FIAT ($50 CAD)
Whenever I reach a threshold level of GLD tokens I'll sell, move to FIAT and invest in real world stocks. I hope to have made $50 in "real world money" by the end of a year.
EDSI (50)
When real world stocks pay dividends I expect to bring the money back into Hive. In order to keep track of how much I have added to the system in Hive I'll use EDSI as a token for two reasons:
- First reason: It has a soft peg value of roughly one Hive
- Second reason: It pays out a fairly substantial weekly dividend
SURGE (Bonus Goal)
On the off chance that I actually HIT all those above goals? If my GLD stash is higher than 5000? Then I'll start buying SURGE tokens. Surge tokens pay out weekly HBD distributions which would be nice to round out the investments. At least for the first year.
Final Goal
Maybe this is more idea than goal but...
.... I want to follow a small group of people and be more active in curating and leaving comments.