Is it easy to become rich on Hive?
The straight blunt answer would be NO. But I would still like to elaborate more on my answer. Many people reach out to me on Discord asking if I know some magic or shortcut to become rich on Hive. I don't consider myself rich and at the same time, I know the efforts I have put in here to get to this place. There will always be good eyes as well as evil eyes. We have to trust our skills and keep going. This is what I have been doing for the last 5 years. It is going to become 5 years since I joined Steem Hive if this December comes. Maybe I will share some of my thoughts. I think there are a few factors that can push us towards success. Not everyone can be lucky here. People attain something with both hard work and smart work. This post is not financial advice but more like experience sharing.
If you ask me if it is easy to become rich on Hive. No, it is not. The reason is that Hive is a socializing platform. We need to socialize a lot and know more contact who would be interested to read the stuff we write and vote for them if they like. Even if we are not a blogger here, we still need a community that would like what we are doing or we have to go and fit ourselves inside a community based on our skills and interests. That's how we can be a part of the Hive Ecosystem. If we keep writing every day and don't engage here, people won't care and we hardly get any big votes on our posts.
My three Mantra
When people ask me for advice or directions, I always tell this to everyone. Consistency, Persistence, and Determination. These are the three things that keep me going. I never care about the market condition. I keep doing what I usually do. Sometimes when the post rewards go down, it is a bit disturbing. Sometimes when I get downvotes for some weird reasons, it is disturbing, but I console myself and keep going on. I brought some consistency. I decided that I should be writing something every single day. There were so many days when I won't feel like writing at all. But I will still push myself hard and write something. Some days I miss writing. I have even had instances where people come to my DM and ask me why I did not write today and if everything is alright. That's how consistent I try to be in writing. More like self-discipline that I'm trying to practice here.
Next is persistence. During the bad times, I was persistent and I did not care about the market. I know what I want and I was persistent about it and I was continuously rolling towards it. Yeah, the market was not good but I really did not care. Yeah, I was demotivated to write but I still wrote. There were so many days I had writer's block, but I still managed to pick a topic to write about and share my thoughts. In order to not miss my writing consistency I even try to maintain some backup articles so that I can publish them on days I don't feel like writing at all.
Determination is my next mantra. I have decided that I should retire early by reaching financial independence. I have to do something about it. I try to fit myself into many projects and try to find opportunities available for me to stay determined toward my goals. Sometimes it is really hard to manage my work-life balance but I'm still determined. I have decided that Hive is going to be my alternative source of income and a push for me to retire soon. I'm keeping this determination strong and trying to grow here.
So considering the three mantras, I would say that it is not easy to keep up but I push myself hard and stay consistent, persistent, and determined. I would probably recommend someone at least one from that and make it a practice so you can see some results. But I would say all the 3 are mandatory if we have to be successful here. I'm sure many individuals who are already successful here would have had those 3 things with them. I'm definitely not talking about the lucky ones. There are definitely people who were early birds and lucky enough. That's a separate story altogether and it will not happen for everyone.
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
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BEERKING.You explained it very well bade bhai it will Definitely help many of the people if they read properly what you want to convey them... I have also seen that many of the people join hive community only for earning purpose they do not enjoy blogging but from the day those people start enjoying this profession they will definitely see their growth
Thanks a lot for sharing this informative stuff with all of us
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Awesome advice @bala41288. Thanks for sharing your experience.
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Anyone who believes all the hype in internet ads like $50,000/month, everything done for you, no work, is fooling themselves. To be successful does require work and probably requires some money. Thanks for sharing.
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4 years in and still trying to get rich lol
Nah it takes a lot of time and commitment however it is one of the most reward ways to spend your time and the possibilities are huge!
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Well said and good advice. I would say you can make a good amount of money but you have to be proactive. I think new user think sometimes, they could just post and money flies in. Most times you have to invest money to earn money and here on Hive it is a good start to increase your Hive Power for example. There are a few other things you can do to increase your income; passive and active ones.
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Whatever you have said is absolutely true, no one can match your consistency to be honest.
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The recommendations you have given are very good. I'll will try to apply it to my growth now on then. The truth is, I fails a lot in terms of consistency, but I know perfectly well that this is essential for success. Excellent post. Greetings.
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Very well said... The three mantras are of upmost importance. We have to follow these mantra irrespective of the market conditions. And also getting peoplea who share same thought and are interested in your posts matter. These are not just friemds but friends for lifetime. You always come up with some sort of motivate and reading your posts strikes me a lot. Very well written my friend
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If one keeps grinding you never know what could happen in the next bull markets, but one can't get rich here on Hive just by writing and then cashing out, investing when the prices are low is a good recipe to get rich in the not so distant future.
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Great advice for us upcoming hivers. Consistency, persistence and determination.
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When you really believe in hive, your focus will be on growing hive/hive power and dont really care about the market.
When you really care about the price, you only temporary believe in hive for the good price.
It is when the price is bad, then it will be the easiest to accumulate. So in the long run, it will be clear who is the true believer in hive.
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That is a good way of viewing things and that mantra is what newcomers should consider. It takes both time and effort unless you have a ton of money to start.
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Showing up everyday is the key. Nothing worthwhile is easy. Congratulations on your good consistent habits here.
!CTP
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Great article. Thanks for saying it how it is.
Hello Bala
Thank for writing the valuable post.people like me get diverted after some days.Your will definately help me and them to stick to the three points you mentioned.
Your success shows your mantra is working for you very well. CPD (Consistency, Persistence and Determination) is a great combination :) Thank you for sharing them :)
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