My Jive to 200K HIVE! - Day 470 update

in #hive-16792211 months ago

gm lions!

Today is day $#470 on my jive to 200K Hive Power. That's right! A journey I started a year and half ago and have not quit, have not looked back and have only gained momentum towards my goal.

My Journey started on September 10th, 2022 and the plan is to have reached 236, 530 Hive Power on December 31, 2029. That's a total of 2671 days of which I've completed 470, that's 17.6% of the way with less than 1% variation from my target.

Current HP: 48,588
Target HP: 48,618
variation: -0.06%

That's only 30 $HIVE away from my target. Basically nothing!

Something interesting will happen on Jan 1, 2024. My daily earnings target as an author as well as curator will go up slightly:

Author rewards target will go from 10 to 14
Curation rewards target will go from 5 to 6.78
Total daily rewards target will go from 26 to 34

Curation

My current curation APR for the week has been way low! 2.95%. But it's the holidays, so I'll cut myself some slack. I will drive my self to get back on track, which is usually between 7.0% and 8.0% which is done all manually and respecting my principles on curations which are voting on content that is:

  • Valuable to the ecosystem
  • Interesting/valuable to me
  • From users who are valuable to the community
  • Shows effort
  • Original

The posts I vote on don't have to meet all criteria; just any one of the ones listed above with the highest weight given to the first category.

Content creation

2024 will be a big year for content creation within the Hive ecosystem. I'm working on at least two podcast ideas as well as regular video content as well as written blog posts. I'd rather not give too much detail right now, but they will be geared towards highlighting community members and real world use cases for the tools that are available on our blockchain.

One quick example is businesses that accept $HBD

The other one is tutorials. I think there can never bee too many ways of teaching newcomers how to do something like how to use Hive Engine for example. That might be something very basic for a lot of us here, but it might be completely foreign to someone new and/or maybe less tech savvy.

Milestones

At this point, it looks like I'm going to hit my Dec 31 2023 milestone. I should be hitting Orca status around mid 2024.

DateHP GoalActual number
13 Aug '2345,06044,177
22 Dec '2348,61848,588
31 Dec '2348,980---
31 Dec '2463,450---
31 Dec '2583,169---
31 Dec '26109,274---
31 Dec '27138,839---
31 Dec '28170,681---
21 Oct '29200,000---

Have you set any goals for yourself in this upcoming year? 2024 is going to be an amazing year in many respects. I'd love to read what your plans are.

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Good luck with that. I've not set such specific targets, but 200k could just be a few years away. With the curation rewards it should accelerate.

!BEER

Thanks Steve! It's about 6 years away of all goes according to plan. I've managed to stay on track for 470 days so far, what's another 2,230 days? practically nothing! 😄.

My BHAG (Big Hairy Audacious Goal), as I'm calling it, is a combination of Author, Curation, APR% and market purchases. Market purchases are about 15% of my HP now, but should slowly become less and less relevant. I have a feeling $HIVE will be harder to purchase in a few years.
Screen Shot 2023-12-22 at 11.55.03.png

!BEER

I've not broken it down, but I have a steady income from curation that the posts add to. I probably ought to buy some more. I did that at the start of the year and may do the same again in 2024. Even though the price hasn't changed much I get a better return than the bank.

I won't mind too much if $HIVE gets more expensive as I've built a nice amount anyway. That will be when we know it's doing better.


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That’s awesome and I wish you goodluck. I also have bigger dreams on this platform and I am trying to achieve them little by little
Kudos to you on working towards your dreams

Thank you kindly!

Playing the long-term game with this amazing ecosystem. I think it has a lot to offer and will only get better. Better to build stake now before it becomes more difficult.

Your content has been voted as a part of Encouragement program. Keep up the good work!

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Thank you! 🙏

I actually use Ecency daily on my mobile :)

Almost 50k HP, well done. Impressive stake, Alex. 👍🏻

Thanks! still got a long ways to go, but the idea is to become an example of what you can achieve with a long-term mindset and consistency. That and build a nest egg through the amazing power of compounding :)

When I thought that I was crazy for doing #MyHiveGoals reports, I found this post... 😃 You took everything to a completely different level... Much more dedication, more specific goals, and a more specific plan! Looking at your commitment and determination, I do not doubt that you will reach your 200K goal!

I'm working on at least two podcast ideas

Woohoooo! I hope that I will not miss that! Listening to you in the Ecency show was enough to recognize that "you are the right person for the job!" :)

Good luck!

Haha thanks so much!

I appreciate the encouragement. I have the studio and all the equipment ready to go, plus I think I might enjoy making a podcast. I might as well go for it, right?

And you know what? I rather like making #MyHiveGoals report, even if it's once a month (sometimes even less frequently). It keeps you accountable, even if it's just to yourself.

Stay awesome my friend.

Wow this is amazing stuff! And your predictions are quite spot on so far. I planed to hit 5k for 2023 and overshot by a 1000. Im still not sure what to set for 2024. Probably ill be less precise compared to your predictions! 😅 Keep it up, I’m curious where you’ll be by next year.

Thanks, yeah, I tracked my behavior for about a year to set my goals and the first months were based on my average rewards at the time. I move the bar a little higher about every 6 months or so. Next one is Jan 1st. We'll see how it goes this semester :)

I liked your post because I love setting goals especially if they are difficult to achieve or if they are long-term goals.
Your goal of 200K HP is a great goal and I wish you to reach it before the time you have budgeted ;)
!DHEDGE
@tipu curate

It's really not impossible when you look at it on a daily basis. My target daily earnings at the moment is 26 HIVE, starting January 1st it will go up to 34 HIVE. The bar is a little higher, but not too much that it becomes unreachable. Thanks for your wishes, I'll be happy to stay on target, reaching my goal early would be amazing!

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Wow, good job on keeping pace with your projection and goals! It is easy to slack off when you have a long term goal, but it is impressive that you are still going strong. Hopefully you can get more help once we enter the bull run.

I close to my goal of 2k HP this year. For next year, I'm hoping I can get that up to 3k HP, and reach 1k HBD in savings.

Love to see it!

Yeah, I turned all my HBD to HIVE now that it's cheap, so I'm not keeping any HBD at the moment. I might swap some back if it goes over $1.00 and take advantage of that juicy APR%, but right now, I'd like to be exposed to HIVE's multiple X upside potential. NFA.

Regarding slacking off, it happens all the time. This week I did les than 3.00% APR from curation. It's a reminder to get back on track and try to stay on track :)

I have been thinking about exchanging my HBD to Hive as well, but I always feel bad about losing that APR. It is true though that if I expect us to enter a bull market, betting on Hive's potential would yield more return. I guess I'm just playing it safe and not putting all my eggs in one basket right now.

Keeping different eggs in different baskets is good too, and smart. I'm on a very long time horizon and leaning towards wealth creation at the time. If price goes up, I'll shift my risk preference towards wealth preservation and I'll probably convert some $HIVE to $HBD.

Seems like a solid plan. Now if only we can find out the best time to do that conversion, that would be great haha.

Some very impressive numbers here, keep up the momentum! :)

@tipu curate

Thank you sir! Only 2,230 days to go to reach my goal. Seems like a lot when you put it like that. That's why I try to focus on the daily, which is make a post that will earn me 10 HP. Doesn't seem so intimidating when you put it like that, right?

Yeah, totally doable... I remember that during the "peak" of my "fulltime Hiver career", I could sometimes increase my stake by up to 2,000 Hive per month here organically just by posting, curating, engaging etc. Those times are now over for me but I wish the best of luck to everyone dedicated like you to achieve their goals, no matter how ambitious they seem :) Where there is will, there is a way.

Wow you have really come a long way and I must say that is required of determination and consistency to have achieved this. You really did a great job. This is an inspiration to many

Thank you! As long as one person feels inspired and wants to take the long, slow, but steady journey of building wealth consistently, I'm happy :)

This is truly inspiring i think with your consistency and determination you will achieve your goal. My first goal is to reach a 100 hive power and i feel i really want to push on to reach a 1000. God bless and have a great christmas

Thanks my friend! Merry Christmas to you too! Engagement is the name of the game. Make sure you spend most of your time adding value to people around you. After a while, folks will start to recognize you as a true Hiveian :) You'll make it 👊

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This is really a huge milestone you have achieve. I strongly believe more to come

Thanks! Hopefully we'll get to 63,450 HP on December 31st, 2024. See you there!

I would say this particular goal of yours is really impressive. The way you broke it up into smaller achievable goals also makes it much more easier to achieve and it's good to see just how far you've gone. Congratulations dude, and more strength to you. I think you might even hit that hive target before the deadline.

Happy holidays and I wish you a prosperous new year in advance.

Thank you! Yeah, I got inspired by a video I found on YouTube about breaking down ambitious goals into small achievable ones. I hope you find it helpful :)