Who wants to be a Millionaire?
So who wants to be a millionaire? Really, it's a stupid question. Other than billionaires (who would obviously be going backwards), who wouldn't want to be a millionaire. In fact, at the rate things are going, being a "millionaire" might not be enough. But it still seems like it would make life a lot easier. For most of us, it would be an incredible relief to see an actual "balance" in our checking accounts that wasn't hovering near zero every month. And to have it still full of money after all the bills are paid? That would be crazy.
This phrase is also the name of a game show from the early 2000's which was a hit in many living rooms around the world. Contestants started with easy questions worth a few hundred to a few thousand dollars, and quickly built their way up to harder questions worth tens of thousands and ultimately a million dollars. It was an easy game to play along with at home and they were pretty good at building the drama. Good times. lol
This got me to thinking of ways to get there, besides winning the game, that is.
- There's the lottery, of course. Better odds of getting struck by lightning.
- You could inherit from a rich uncle. That also seems highly unlikely unless you have lots of uncles and no siblings or cousins.
- There's the stock market. That one takes money to make money. And, of course, you'd have to find your way around the manipulation the legacy banking industry does to hopefully make your money while they're not looking.
- You could build and run your own business. This one actually has the most potential of anything else we can do. It will take a good idea, some planning, and a lot of work, but it is certainly a realistic way someone could become a millionaire.
- You could be a drug dealer, although being a millionaire doesn't seem like it would do you much good if your were dead or in jail. Definitely don't recommend this one.
- You could get a job at a big company, work your way up the corporate ladder, and actually get to a point where you could save and invest every month to help get you to millionaire status. This is another very good option but you probably should start in your early 20s if possible. Too late for me. 🙂
Which brings me to the way I'm trying to get there.
Hive.
I believe this is a way I didn't mention above.
- Get in on the ground floor of a great idea, build a stake, and then help that idea become a universal success.
That's what I think Hive is. It's a ground floor opportunity for those of us who see it to build a business, build a stake, and ultimately grow it into a global success story. There's no question it will take some work and it will take some time, but it is accessible to everyone and it could be a lot closer than we think.
Let's do some numbers. Here is where it gets interesting.
How much $HIVE would you have to own to be a "millionaire" if Hive traded at a dollar? A million, obviously. But what if it went to five dollars? 200,000. Still a lot. Well how about $10? Now we're down to 100,000. Getting closer. At $20 you'd need 50,000 Hive. That's not even Orca status. That is definitely something almost everyone here could reach if they put their minds to it. At $50 you'd only need 20,000 $HIVE and at $100 just 10,000.
Will Hive go to $100? I don't know. But stranger things have happened. I also know that there are many other things that have traded that high that are not worth anywhere near what Hive is worth in terms of the value it brings to the world.
Now the exciting part: 10,000 $HIVE right now would cost less than $3000. Hive is currently trading for less than 30 cents and we can earn it for free. All it takes is some time and some effort and we can begin building a stake that could ultimately give us the financial freedom to not sweat the day-to-day stuff.
Right now we are light years ahead of where we were just a couple years ago in terms of the building taking place. The infrastructure has improved exponentially and continues to do so thanks to some dedicated developers behind the scenes. Plus, there are many more communities and dApps built on top of Hive that continue to add more and more value literally on a weekly basis. At some point, the "secret" will get out. As I've said before, quality rises. It may not be recognized for what it is early in the game, but it eventually comes to the forefront and is rewarded for what it actually is.
That's what I think will happen with Hive. Slow, slow, slow, fast. It will continue to percolate under the surface building and growing and becoming more and more robust until one day, the right people will finally see the light and BAM! off it goes. In my opinion, there is just too much value here for it to remain a secret for much longer.
And we can get in on the ground floor.
So, instead of looking at every $HIVE you earn as another 26 cents, think about it as another $5? $10? $20? That's what I do. Every $HIVE is another $10 in my mind. That's the number I'm working off in my head. I want to get to 100,000 so I can be a "millionaire" at $10. I firmly believe we're going to get there one day and NOW is the time to be building my stack. It's much easier to earn $HIVE at 26 cents than it is at a dollar. Just keep stacking. Hive is the Way.
Thanks for reading.
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You are absolutely right, it is not easy to be a millionaire. Those who know, others say that this person has become a millionaire. Ask him who has worked day and night to reach them. Even if we invest in crypto in bear market then it takes us two years or more to earn some rupees and if any time we sell so much crypto we will lose. If someone has 100,000 hive and the high falls on 5$ , then he can become a millionaire. He who has been patient in crypto has definitely earned a profit.
Yes, there's no question it will take a lot of effort. That's something most people seem to skip over when they're talking about successful people. They just see the talent or the opportunities those people had. They never seem to focus on all the work that person put in behind the scenes. The hours and hours of practice and grinding they had to do to get themselves to a point they could take advantage of those opportunities when they arose. You make your own luck. If we keep working, I firmly believe we will get "lucky" someday and that work will pay off in spades. Keep at it!
Math sounds good, can't argue about that.
Phew! I checked it twice but math is hard. lol
I too believe Hive is the way.
I find it difficult to understand why so many people can't see the wealth opportunities in the Hive blockchain.
Whenever I check out the compounding effect of Hive Power, HBD savings, Delegations, Curation rewards e.t.c. It's not difficult to see that Hive is the ultimate means to wealth.
Yeah, it can be frustrating trying to figure out why the rest of the world doesn't see it as clearly as we do, but that just means we have to be that much more dedicated to getting the word out and helping them understand. You never know when you're going to impact the person that will impact others and start the snowball rolling. They're out there. It's up to us to find them.
I can't agree more.
Finding people to join us here is like a VC finding a company which will yield insane ROI. Most of the time we (us here and the VC there) get the ten-thousand-yard/meter stare or strike out, but the rare winner we get more than makes up for the earlier failures.
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Everyone wants to find Neo, but it's just as important to find Morpheus. I think Tupac said something along those lines years before The Matrix was released.
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Brick by brick...
Yes we can earn money by investing in crypto doing a job in big company and playing a lottery tickets. But in my opinion hive is the best way get a money and become millionaire. Because hive is a strong project and it can give good profits. My second opinion is investing in share market they also give us good profits
Hive is the Way. We just need to keep building, especially while things are down. Now is the time to prepare your bags for when things go up again.
Yup you're saying right.
It's all about focusing on the big picture. I'm not interested in the price of HIVE at the moment and I'm just struggling to collect more. I believe after a few years HIVE can go over $5. Keep stacking until then.
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This is the Way. In my mind, the only thing price affects is how fast I can build my bags. The cheaper it is, the faster they grow. I'm just going to keep my head down and try to build as much as possible while things are down. It's not about the money at this point. It's about the number in the bag. Once Hive reaches the masses, then I will start worrying about what it's "worth" from the financial side.
I'm definitely counting on Hive to get me closer to the 1m mark. Hive at $20, that seems like quite the stretch right now, but like you said, stranger things have happened and tokens with far less use case have done much better.
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I did the silly thing of buying into Steem back when it was something like $6 but I did so because I also believe it can get to $10 or above.
Right now I can't buy any crypto because we just had a super expensive move back from Canada and my credit rating doesn't transfer (thanks for sitting in the last century banks!) but hopefully I am back to writing which is slow but better than nothing.
Wish there was more of a trading spirit in the community though, going back to your list - there seems very little anyone is willing to pay for in the Hive community so there is no incentive for anyone to create businesses and services. Can you imagine how much added value there would be if people used Hive to buy stuff from each other?
Yeah, that's when I started. I don't regret it though. The Steem I bought got forked to HIVE and then I sold my Steem and basically doubled the HIVE. Plus, it was my way in. If I hadn't have gotten involved then, I may still be in the dark today. I can't change the past so no use worrying about it. I'm just trying to keep building.
NOW is the perfect time to get back to the basics of writing and commenting. The price is low so every vote and every comment can actually make a big difference down the road. If you commit to 10 comments a day plus maybe a thread or two, you'll be amazed at how much you can gather in a month.
As for the trading spirit, I agree with you. The problem is the price. At these levels everyone wants to hoard their Hive. For good reason, I think. Who wants to spend 100 hard-earned Hive to buy a pizza or something else consumable. Once the price goes up to where one Hive is worth four or five dollars, then I think there will be more people willing to use them to pay for things. Which is why if you have a good idea for doing that, NOW is the time to be building it. You could check out $COM and/or $LIST on the H-E. I think those are connected to a Hive market of some sort. Maybe you can get involved with them or learn about how to do something of your own. I think @hivehustlers runs it.
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Yep I think that has been true from the start, a great many folks want to acquire, quite understandable but without a marketplace then it is difficult to see how HIVE itself will grow. For eg. one of the reasons ETH is so popular is because you need to spend it :)
That makes sense. For Hive it will be Resource Credits. The idea is that as more and more dApps are built on Hive, those builders will need to own lots of HP to support their users. It's a slow burn on that though. We need a few more to break into the mainstream to build the necessity for that.
It's kind of the chicken and the egg...more users would inspire more building/more building would bring in more users. In the meantime, the building is moving faster than it feels like its moving, but we need to keep attracting more users to get the word out.
So....it starts with each of us doing our part. 10 comments a day. :-)
I just posted that my plan for 2023 is to be more a part of the community. If just a percentage of us focus more on interacting than rewards we can grow the activity and support each other. Leo threads could possible help that endeavor too?
#threads could be a HUGE part. In fact, aside from the games, it is probably the single biggest app that could add transactions and users. It's funny you mention this because I am literally posting an article on it in the next few minutes. I just have to add a few links and a picture or two. :-)
Life is what we deal with, so we do the best we can when things are challenging.
Creating content is the foundation for everything we do here, and that includes engagement. Once you get into a groove with content creation and engagement, things like liquidity pools and leasing staked tokens could add a boost to your Hive/H-E earnings.
We need to encourage P2P commerce here. The Hive ecosystem actually has a place or two modeled after Craig's List. We all need to get busy doing business with each other. That also helps to make it easier for us to get businesses to accept HIVE and HBD.
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I believe like you that Hive is the future and cannot remain hidden for much longer.
Like you, I now accumulate and keep everything in my wallet... now is the right time to amass and the benefits will be seen in the future.
Nice post and nice way of thinking 😉
It's definitely true and all of it relies on the price of Hive. I do think it's possible given how much we can build on Hive and the audience the applications can attract. It's the perfect place to be because you can earn it by being active and the opportunities are endless.
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Another way to become a millionaire is royalties, producing something once and collecting a percentage of sales on copies sold. Depending on who we are, we could produce things such as books, articles, music, lyrics, photographs, artwork, video, movies, etc.
Royalties are another form of passive income, and it also requires lots of front-end effort to make the passive income from royalties work.
Doing any of those (including the "etc.") while creating content on Hive aren't mutually exclusive, either. If anything, a Hive-to-USD Millionaire could write a book on how to become a USD Millionaire on Hive and make royalties on that book. After some time after the official release of the book, serialize it on Hive (or LeoFinance).
Other ways of becoming a millionaire:
Hive would be best for us, but we could also go for any or all of making royalty-generating creations, inventing, or licensing.
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Yeah, I've often thought of trying to write a book. I've actually started a couple but just get too busy and then run out of momentum. It takes some serious dedication to do it well.
Royalty-generating products don't even need to be special, either. Whoever wrote that "classic" Everybody Poops is still collecting on that book.
Once we hit on an idea or thought so exciting we have to get the words out of our brains and onto paper (or screen), we go with it until we run out of steam. Then-- up to a point-- we edit the hell out of it.
We don't need to be like Stephen King or Ernest Hemingway or Marcus Aurelius, either. We just have to be ourselves as we get our points across. Non-fiction sells just as well as novels.
Since there are only so many spots available for books, copywriting can bring home the bacon day in and day out if you know what you're doing there. I'm not there yet, but I'm working on that.
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I've looked into copywriting but didn't get very far. I may have to give it another go. It's kind of the way the world is going these days...
There are books for it, and there are courses for it. Then there are web sites devoted to copywriting and related topics such as marketing. It's like being on Hive in one important aspect: it helps to find a niche.
I'm still at the stage where a little bit of knowledge can be dangerous, so I can't help with copywriting advice. Even so, there are ways we can start from nothing and pick up experience and therefore earnings.
If anything, we can practice copywriting right here as we iron out the kinks in our techniques and approaches to the craft. It's like using LeoDex or Tribaldex to learn how to use the tools of trading cryptocurrency. If we have web sites which have cobwebs or loud echoes, we practice there so we can gain more traffic and customers.
(Or we can do it the easy way and learn from the folks at CTP.)
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