Talking about wealth creation in general, it is a process of accumulating assets to generate income , to earn residual income over time and for many years and the person will now become financially free. But there's an irony of life here, many people who said they are creating wealth are not really creating wealth but keep on loosing money.
It was said that, the best time to plant a tree was 10 years ago and the best time to plant again is now. Many who planted 10 years ago did not plant good seed of wealth creation that is why they are still poor after 10 years which I who is making this post faced too. One need to be financially literate to really create wealth. Wealth creation is not something one will say, I have been saving money for many years now and I know I will be rich. Let me ask this question, does money saved in the bank or in a savings box grow wealth?, capital no is the answer. Until you remove the one saved to invest in good business, company, real estate, Hive power, HBD etc, before you will be on your way of wealth creation. Now let's dive into 5 strategies for wealth creation on Hive
- Create quality post on hive
- Grow your power
- Shop with HBD
- Engage with others
- Support hive projects.
Create quality post on Hive: Content creation is one way to create wealth on Hive. You can write an article, create videos, art . Hive has made all the tools available for you to do this. We have different communities who are taking care of different topics on hive, what you need to do is to subscribe, read the community rules and learn. We also have 3speak for your videos, Vtube, peakD, micro blogging etc. all this help you to keep on creating quality post. I won't forget contest too from different communities on hive.
As make this post, your friends on hive will vote you and you earn hive power and HBD. On hive, you earn 50% of your post reward at the end of 7 days. By accumulating this over time and many years, you are building a pipeline of wealth and in turn, you will enjoy finacial freedom one day.
Grow you hive power: On hive we have what we call curation , that is what gives you hive power and HBD. Invest in Hive power by staking more liquid hive. You can regularly do this by converting your HBD to hive and power it up. To help you do this, @hivebuzz has monthly hive power up day which is done on every first day of the new month or to power up 1 hive each day or make your post 100% power up for the month. You can regularly buy hive from exchange and stake it. This is how you build influence on Hive and at the same time earn massively by curating quality post on hive. The more hive power you have ,the more you mint new HBD and hive power.
Shop with HBD: This project started few months ago on Hive and it is all about shopping and earning. Here you earn up to 40% cash back of our hive backed dollar , what I mean here is that this project has given Marchants an opportunity to join hive and list their businesses on hive. When you go this listed businesses who now accept HBD as the best payment method, you pay with HBD and earn reward on HBD. I can tell you for face that, this project has improved my financial stability. It has helped me to spend less from my salary. When you earn from here, it will help you to put other earnings on hive to work by converting them to hive power.
Another thing about this project is that, it has opened a way for one who can write on Hive to earn, one can't write to earn because of the automated post that keeps your account active. It is easy to navigate this claiming reward. Read more from this post on how to claim reward through distriator app and how to make payment using v4v.app.
This is a digital POS that makes it possible for you and the business owner to make payment of goods.
Engage with others: Engagement remain the key on social media. The more you engage with others, the more you socialize. You are also create wealth by doing so because hive reward you by commenting on other people's post. It is called commentor reward. I am a beneficiary of this reward, daily, weekly ,I earn from this, you earn other tokens on hive, hive, HBD by engagement. As you engage, share some post too especially community announcements, contest and other post that interest you so that, your friends can also see it through your page. All this are strategies on hive in building wealth creation.
Support Hive projects: As you journey on Hive, don't be a receiver but also a giver. Hive has a lot of projects that you can support like games on hive. They are big projects that you can engage with to bring value on Hive. Hive promotion is well accepted, for example, SpendHBD project, what is your attitude towards it. What value do you want to bring on hive, how do you want to support communities?, This is very very important because without projects, a community may not stand. So look out and see projects you can support. We all also have @hive-echo, it is a new project on hive with lots of rewards. Check out this week contest and learn it well. Here is it. You earn by sharing Hive videos on web2 social media, on your personal page. I know you can do it.
In summary, we have seen so many ways of creating wealth on Hive. Hive has all that you need to grow spiritually and physically. What you need is to calm down to learn , grow and create. Never you allow negative energy or feelings to distract you from what hive has in store.
Thanks to all of you who have been reading and supporting one another on hive
