For those who may not know, I decided that this year, I would not have a New Year's Resolution. Instead, I decided to have a New Month's Resolution each month...because most people give up on their New Year's Resolution within the first few weeks of the year...how are you doing on yours? Right? Case in point...
My New Month's Resolutions:
- January: Earn $100 Hive/month passively by month's end. Result: $98 Hive/month average.
- February: Earn $200 Hive/month passively by month's end. Result: $103.28 Hive/month average.
- March: Earn $300 Hive/month passively by month's end. Result: TBD
Epic Fail
Or Was It?
Ok, ok...so I increased $5 Hive/month more than what I started with at the end of January. That's not another $100/month...so that is a fail...but here's what I did instead:
If you've been reading my blog posts here, you've seen a lot of information about PsyberX. I started ghostwriting for @psyberx about a month ago, ish. I am heavily invested in the game and its success. I own 1.2M LVL on this account and have a few hundred thousand on my secondary account to give away in contests as I please. Here's my latest one-its prizes are worth over 100 Hive...so it's worth checking out...and I digress...
So I have been staying in very close contact with @psyberx and all the key players involved in that project since I was smitten in December 2021. From January until today, I have earned no fewer than 10 psyber crates, and I might be up to 14-16. I don't know how they're counting exactly...but if each crate is worth $20 in the marketplace, that's no less than $200 earned in the first 2 months of this year. Also, I bought 2 Founder Starter Kits for 200 Hive total. That will bring me 7 NFTs (3 land plots, 2 No Remorse NFTs, and 2 Juggernaut NFTs). This can't be considered "passive" income because I purchased these, and while I think their value will increase dramatically, I can't count that toward my monthly passive income. I think I can count the crates, though. If that is a valid way of counting, then I can put myself at $200 Hive/month for February- $103.28 through liquidity pools and dLease, and $100 from 10 crates earned in February. Now that I have had 1.2M LVL, I'm expecting to earn 12 crates in March. That's the equivalent of $240 Hive based on marketplace prices, and this value is extremely conservative in that I don't imagine any of the airdropped, limited edition crates will go for less than $20...so that means my goal to hit $300 Hive by the end of March is almost most certainly to take place!
Why Share My Results?
I found Steemit in 2017 because @jerrybanfield shared in a YouTube video how much he made from Steemit. It made me lose sleep for 3 days, and brought me into the crypto world. If I tell you that I'm earning my passive income via dLease and Liquidity Pools, perhaps this will spark something inside you to learn about either of these and make your own life that much easier.
Future Plans
In the next month or so, I plan on dropping between $1K-$5K into the Hive ecosystem where I will invest in liquidity pools for the rewards they offer. Based on current rewards, this should bring in around $100-400 Hive/month. With my current $103.28 plus another couple hundred per month being reinvested into various LP's/passive income projects, I still expect to be able to hit the $1000/month goal by the end of the year...sounds like a New Year's Resolution, doesn't it...hmmm....nope...New Month's Resolution for the month of December...
Gotcha!
Don't know what a Liquidity Pool is? Follow me...you'll probably find out ;) ...or ask below in the comments...
