New Month's Resolution-February 2022's Results

in #hive-1503293 years ago

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

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Source

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...

Source

Gotcha!

Don't know what a Liquidity Pool is? Follow me...you'll probably find out ;) ...or ask below in the comments...

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Check out the last post from @hivebuzz:

Today is the beginning of a new Hive Power Up Month!
Hive Power Up Day - March 1st 2022

I'd be happy with $1/month :)

Nice to see you're doing well, I think them airdropped crates may be pretty undervalued. I met Jerry, he did bring a lot of people to Steemit. (FL. meet-up)

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That’s some great returns I think, even if the Psyber ones don’t pay out right away. It’s like Splinterlands. Eventually it could be a big deal! One of these days when I have a little bit of spare time I’ll get into the game and look at investing. I’m waiting for another 60 or so Hive to hit my wallet from another project that sadly closed down. That’ll be 30 or so I’ll be looking to invest!

Making some good progress here, there’s so many parts of the ecosystem to take advantage of! It’s wild and hard to keep up lol

Exactly right! I like the diversity of the projects. It'll make investing easier.

That sounds awesome @bobthebuilder2!!! Right, so where can we find out more about these liquidity pools that you are invested in? I don't have anything like that amount of liquid Hive to drop into one... but it would be nice to diversify a little, even if just to try a minimuvalue to start and learn more about them. Can you recommend one to get started on or some links...no financial advice inferred !LOLZ oh yes and I bought 200,000 LVL ...where do you see the airdropped crates when they happen?

This is the best post I've seen on LP's so far: https://ecency.com/hive-167922/@haveyaheard/how-liquidity-pools-work

@psyberx is keeping track of how much LVL people have. When the marketplace goes live, you'll see all the crates that are due your way in your account. I'm not sure exactly how they'll show up, yet, but as far as I know, they've "built" the marketplace and are likely putting up the drywall, flooring, installing the fixtures, and getting ready to put on the primer and paint...!lolz I like LP's a lot. I use http://beeswap.dcity.io

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You ain't seen muffin yet.

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@samsmith1971, I sent you an $LOLZ on behalf of @bobthebuilder2
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Awesome thanks very much for the info @bobthebuilder2, I appreciate it !PIZZA !ALIVE

!Luv

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