Love the perspective here, Joel! I myself have been wondering how I might be able to leverage my position on Hive to begin working towards a reality in which my family's basic needs (food, shelter, utilities, etc.) can be met just with what I'm earning from Hive... turning my "real job" into something that has less pressure on it to earn a certain amount. I can imagine nothing better than being able to enter into my office with a client needing help and for me to be fully present with them because I don't have the weight of financial burdens and stress weighing down on me!
We'll get there one of these days. For me, I think it starts with learning how best to use the 2nd-layer tokens and how to utilize CubDefi to the fullest.
It helps to start setting small goals. I haven't withdrawn anything yet from Hive to spent in real life, but I have been determining which bills I could completely pay of with this monthly income. Starting with the electricity bill, adding internet, water, etc, etc.
Second layer is a must. Don't snooze on it, because there are many opportunities there, especially for reinvesting earnings.
I think that's a really good way to approach setting goals! Look to build up to the point where you could realistically begin withdrawing small amounts to pay for bills and such, and continue building up until you're able to take care of basic needs each month! I really like that approach.
Interesting that you make that distinction, because it was something I just began thinking about. I get all these second layer tokens in my wallet randomly (don't know how they get there or why), but I'd like to learn more about them and what they can do for me - as well as what I can do with them! Right now, I'm focusing on amassing and staking $PIZZA, $BEER, and $LEO. What other ones should I be paying attention to?
CTP, POB, ARCHON, JAHM, so many to name from all the different tribes/communities.
And then there's tokens that generate dividend like INDEX and DHEDGE.
Some tokens have 'miners' that generate more of that token LEOM, CTPM, ARCHONM, etc.
I would say start staking any Hive Engine tokens you are randomly getting.
So you would recommend staking all of them instead of trading them around to focus on a few. Okay, fair enough! I'll start doing that and looking into some of those "mining" and dividend generating tokens for educational purposes. My ability to invest my own fiat is severely limited right now, so I'm taking my time to just learn, create, and hopefully earn a small amount here and there. Thanks, Joel!
Stake them all in the beginning, while you figure out which ones you want to sell and which ones you want to keep. You can always unstake them later and sell.
Luckily your ability to create quality content will compensate for that. :)
Staaaaaahp, you're making me blush!