RE: The lifeblood of your content creation business - Money
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Excellent post as always, Achim! Money management is an important "skill" that we should develop and learn about... We have to know how much can we spend, and that should be less or the same as we earn... (not usually the case... lol...)
You have pointed out some of the major earning opportunities on Hive, but there are a lot more... earn by playing games, leasing HP, selling digital products, art... But, you would need a couple of hours to list all them... :)
Good job!
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I tried to stay close to the earning possibilities related to content creation but of course there are plenty of other earning possibilities, starting with games :-).
I believe that in any online business, people always expect to earn a lot at a later stage and they start their journey by making a lot of expenses. They believe that with the tools the success will come automatically. Unfortunately this is not true and the only solution for success is hard work. For these people the dammage has already been done. They spent their money and they won't see it again.
That's why I believe that the money side of this business is extremely important even for beginners. While looking at the numbers they can evaluate how much they can earn with this business and then see whether they have enough to cover some subscriptions or buy some tools.
Thanks a lot for your comment!
Huh... Crypto is a dangerous minefield if you invest money in it... There are hundreds (or maybe thousands) of coins (projects) at the moment, and if someone doesn't know what it's doing, there is big % that it will lose or the majority of the money or everything...
And with the mentality, "I will buy XX coin, and it will earn me $10K every month after a year" doesn't help...
And I don't want to go into affiliate marketing upgrades, tools, traffic, etc... That's maybe even more dangerous than crypto :)
How many of these coins have real use cases? It makes me sometimes think of the Tulip crisis in Holland and the big financial buble that exploded there. Coins are great but without use cases, they are totally worthless.
It's very easy to spend a lot of money for these tools and they come often in a kind of subscription that forces us to pay every month... Not exactly thing for a business.
Yeah, the question about the use case of coins was something that I was talking about in my video about my Hive purchase... I think that that would be the "filter" for good and bad coins in the next run... which is coming...
I didn't hear about Tulip crisis... Can you just give me an insight?
It's the mother of all financial bubbles:
Thanks! Appreciate it!