Hi fellow Lions,

Today I wanted to celebrate a milestone that I've hit as far as the growth of my account.

Curation A Third of Author Rewards

Account growth is one of the good things to strive for if we are serious about our accounts here on Hive much in the way that many people are trying to grow their savings accounts in fiat currencies. The same thing can be said of growing our cryptocurrency portfolios.

There are people that post on Hive and take all their rewards out and cash out everything they earn. It's unfortunate because it gets rewarded but eventually the rewards slow down, if they ever picked up at all. The people who are on here for growth and to help grow the Hive ecosystem so that it can expand itself are often rewarded in a sense. Is it circle jerking? In some ways but at the same time it's important to keep an eye on people so that they don't take away all of the things they reward. I kind of think of it akin to a business. If you are constantly draining the business then you are missing the point of having a business. We need to reinvest in the business in order to grow it or make it more successful. If we are constantly taking everything out of it, eventually it's going to dry up.

In a previous post I wrote about the vote value that I've accumulated over time on Hive, at 1 Hive per 100% vote. That's significant! What I also learned in that same time of exploring HiveStats was that my curation rewards are catching up to my author rewards, slowly but surely.

I think this is incredible in that my consistent curation rewards per day is 5 Hive or better. I got super close to 6 Hive in one day recently! I am certainly enjoying that type of growth because it allows us to have some passive income that, at least I am, reinvesting constantly into the chain here for the future possibilities.

One of the things that I wish we could do and I'm sure we will eventually be able to do, is look at our account growth longitudinally over the span of months. Right now most of the front ends and places like HiveStats do things in increments of daily, 7 days or 30 days. I would love to be able to take my account growth over 6 months and look at it in 30 day increments to look at it in those terms.

In the same vein though, I am grateful to be able to visualize the smaller things like all time curation rewards at least! This is one thing that I've been keeping an eye on and really like to see it grow. The more I am staking in my account, the more this curation grows which makes sense. The curation rewards are able to keep the growth mindset happening because with everything, the rewards ebb and flow. Some of my posts are incredibly well rewarded and I'm hugely appreciative of that and that people find the content that I put out to be valuable. At the same time, there are posts that I highly enjoy like Three Tune Tuesday that are on the blockchain more to just share something that I enjoy, which is music. I don't expect much in terms of rewards for these posts but I don't give away my time for free of course so I don't decline the rewards but those days are ones where my rewards are typically a lot lower than the others so it's good to have curation rewards pick up the slack!

The other thing that I'm appreciative of when it comes to the rewards such as curation is that it allows me to build in many different avenues. Author rewards are an obvious one in that it's great to have good author rewards coming in but that's not the one that's going to be the most consistent. If we are able to keep a good curation reward coming in, that's what's going to push ourselves even further when it comes to building stake. Passive income is all the more important in the days of economic uncertainty. If we can get some passive income streams going, both in fiat as well as cryptocurrency, we are able to weather the economic storms that much better.

I know that everyone's economic situation is different and some are able to better hold and save for the future than others but I think one of the best things we can do is save more per day than we spend. If we can do that, we can gain a solid footing for not only today but in the future. The mindset of too many people is to spend, spend, spend which is why I think we are in the economic situation we are in. There is a lot to be said about fiscal conservativism. My little bit of fiscal conservatism is to save as much as I can and only spend on the necessities, which also applies to the crypto sphere. I invest a bit here and there in things like Splinterlands but for the most part I am saving and staking as much of my Hive income as I can.

Connect with me!

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Posted Using LeoFinance ^Beta

Posted Using LeoFinance ^Beta