How Goal Setting And Delayed Gratification Has Brought Me This Far In Steemit (Concluding Part)

in #life7 years ago (edited)

It's been six months since I signed up for steemit. My overall experience has been rewarding, having learnt so many things, which I wouldn't have been challenged to learn, had I not signed up. My view of steemit as a school have expressed a couple of times on this platform. Besides, steemit is a place where you and I can leave good legacies, which posterity would benefit from. It's all about adding value to make the world a better place for us all to live in.  

 Appreciation

I am deeply thankful to @ned and the entire team, who envisioned steemit and brought that vision to fruition, where we are all beneficiaries.  To all witnesses, who ensure that the entire steemit blockchain runs properly, I say thank you and appreciate your hard work. Many thanks to all my 700+fans/followers, those who have supported my growth here, through resteem of my content, comments, upvotes, negatively weighted votes (downvotes), criticisms, gifts of steem backed dollars (SBDs) and steem,  Special thanks to @stellabelle (my steemit heroine), @surpasinggoogle(Steemit witness, CEO @steemgigs),  @oluwoleolaide (Chief facilitator of @steem-lagos team),@ogoowinner, @sweetestglo-eu,@gbenga, @bat-junior, @steve1122,  the Nigeria and Africa curation team,  Euronation led by @eurogee and  Steemit Nigeria Community (SNC) whatsapp group members.  You are all very dear to me. I would not conclude this appreciation segment without stating that my young friend @honourmaus, who is the team lead of LAUTECH Steemit Community, celebrated my 1/2 a year steemit anniversary with this awesome post. Thanks a million!!! I love you all. 

Delayed Gratification

Last week, I wrote a post titled- How Goal Setting And Delayed Gratification Has Brought Me This Far In Steemit.

The aspect of goal setting with some practical tips was dealt with last week in that post. Today, I would be discussing delayed gratification as the second key practice that brought me this far in steemit. Before I start, it would be good to have an understanding of what the phrase, delayed gratification, means. 

Image source

The above quote by Brain Tracy gives credence to the  meaning of delayed gratification in psychology. Honestly, if you want to succeed in life generally, not just it steemit, begin to practice delayed gratification. This is an open, well established, secret that brings about great rewards. 


 Original photo shot of my new steemit coffee/tea mug  

How I Practiced Delayed Gratification; My First ''Power Down''

It would have been the easiest thing in the world for me to click the power down button and start to power down my steem rewards, howbeit little, and all of my investments. However, I chose not to, the reason is not because I am rich or I do not need money to buy some fancy things that my contemporaries have. I chose not to, because I have a bigger vision of what my investments here can do for me. I remember  how I was discussing with an acquaintance about my net worth in steemit. He quickly told me

You can buy a car with that money you have!

Well, with a smile on my face, I told him that I wasn't going to do that now, since I do not consider owning a car my priority at the moment. Please, don't get me wrong. Owning a car is a key priority to some, but a liability to others. In most cases, a car is not a luxury, but a necessity. When your family is with you, you wouldn't want to be jumping from one train /tram/bus to another. 

My first power down of steem was initiated about a month ago (in my 5th month), about a week before my trip to Vienna, Austria. So, the main reason for the power down was to have enough money to cover my travel expenses. 

Screen shot before ''power down'' on my blog, sourced from here

Screen shot after ''power down'' on my blog, sourced from here

When we calculate the difference in my steem power (SP) just before power down and after, that is (5,632.048 - 5,204.191) 427.857 Steem. This number (427.857) is clearly shown on my data in steemdb.com created by witness @jesta. I had done all my calculations before initiation of the power down process, having in mind that I wouldn't want to, at any time, have less than 5,000 SP in my account.  Moreover, after withdrawing needed steem to the exchange, converting it to steem and transferring to my bank account, I powered up what was left. Hopefully, I would continue to delay gratification, in this regard, so as to achieve my desired goals in steemit and in life generally. 

Some Practical Tips For Redfish To Help Delay Gratification

  • Maintain a balance of at least 130 steem in your account. I guess you don't want to only benefit from whales, orcas, dolphins and minnows here, but also want to be able to give back at least 2 or 3 cents. Note: If steemit were to be a traditional bank, you would be compelled to leave a minimum balance, termed maintenance fee
  • Hold fast to your regular job, if  you have one. Don't think of quitting your regular job because of steemit. 
  • Build and have other sources of income, that would generate money for you, so that you don't have to be fully dependent on what you earn from steemit. 

Food for thought: Upcoming hard forks, might bring about some changes in the steemit protocol that may or may not be favorable for steemians in the redfish category, as small investors. 

Please, I am not @ned Scott, the CEO of steemit, neither am I an official steemit witness, so don't take my word for it. My concern is for you to grow, first to become a minnow and even become a whale. That is the reason from my creating mission to minnow (MTM) challenge in the @redfishpillar project. 

The customized divider was designed for me by, @outhori5ed and generic footer sourced from here. Other image sources have been properly credited. 

Tomorrow will be the 3rd episode of  Ask Me Anything About Steemit Wednesday (AMAWED) on @redfishpillar's blog, beginning at same peak time 10.30 am Central European Time (CET). See  episode 2 here, in case you missed it. 

Final selection of winners of MTM challenge #3, would be done this weekend (Friday/Saturday, 22nd or 23rd September, 2017). Stay tuned for announcement of winners of the challenge and contest. 

Remember, Steemit In Nigeria (SIN) conference is in 45 days time (2nd and 3rd of November, 2017). See latest update by @ehiboss. We have to begin to book the travel tickets and accommodation for emerging winners of the MTM contest to SIN. 

Are there ways you have practiced delayed gratification on steemit? Please, share with us. I would like to hear from you again. 

   

                    


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I am greatly inspired by the sacrifices you have made with a view to yielding rich dividends in the long run, even though not necessarily now. Delayed gratification is really important if we are to maintain good vision and focus on the more important things rather than focusing on earning quick bucks and cashing out at every given opportunity. Thanks a lot for sharing!

I'm glad to be an inspiration, @blessing97.

Delayed gratification is really important if we are to maintain good vision and focus on the more important things rather than focusing on earning quick bucks and cashing out at every given opportunity.

Exactly my point! Cashing out at every single opportunity hinders growth, no matter the excuse. Great summary of my message! Cheers.

Thanks, Maryfavor... Your video is very good...

Aaaaaaw, thank you, @crypto-guru. So happy that my video was a good resource for you. Steem on, dear!

Your writeup is motivating, I like that you balanced your discussion.

Well, with a smile on my face, I told him that I wasn't going to do that now, since I do not consider owning a car as my priority at the moment. Please, don't get me wrong. Owning a car is a key priority to some, but a liability to others. In most cases, a car is not a luxury, but a necessity. When your family is with you, you wouldn't want to be jumping from one train /tram/bus to another.

I would like that cup. Drinking steem everyday would be great. Cheers.

Thanks a lot, my brother, @turpsy! I appreciate the commendation. Hahaha...yes, I want to be drinking steem every day. Never mind, I can DHL one to you. Lol! My steemit branded T-shirts are in the making. I can't wait to wear the t-shirt and share to others! Keep steeming.

Ok, so, i am expecting STEEMITCUP and STEEMITSHIRT from you. @papa-pepper is giving me STEEMIT HANDBAND. Thanks in anticipation. lol.

Yes, Indeed.

Personally I'm with you, I treat Steemit as a long term savings account, and I'm in this for the long term. No intention of powering down. I'd hate to rely on it for income, given that the income is unpredictable! I've never heard the term redfish before, gonna look that up.

I treat Steemit as a long term savings account, and I'm in this for the long term. No intention of powering down.

This is how steemit should be treated, @revisesociology. If only many of us really take time to read about steemit from resources like the whitepaper and the recently released bluepaper, we would have a good understanding that we should take steemit as a long term investment. Only those who treat steemit as such will really benefit more financially as the value continues to increase. Thanks for your contribution. Steem on!

Ma, I'm your boy oooo, not a friend as you claim Ma....... Thanks for the exclusive gift ma, you are simply the best mum on steemit, I really wish you can extend the spirit of mentorship to everyone here that needed a mentor so badly, I'm pretty sure that's possible.

And sincerely, with the delay gratification, to me it simply knowing more about timing, just like the Bible says “There is time for everything...... Ecclesiastes ”... With your experience with timing, “I now get the full content of Delayed Gratification”, to be sincerely I was somehow confused before now that I'm convinced...... Many are times that the only solution to our challenges is a little patient...... Hummmmmm.... DELAYED GRATIFICATION.........

The only thing someone should not delay is Joining steemit... 😂 LOL.

I'll definitely share a post on this in the nearest tomorrow......

But, I'll need to write on time soon......

Stay Bless Ma....

I'm happy to have a Leader with Good Examples.

Thank you for sharing this. Very inspirational. I found you through a Google search on Steemit dolphins. I'm now following and upvoted. I hope to practice what you describe in this post.

Hi, @kp138. Thanks for your contribution. It's a wonderful thing to know that you found me through a google search on steemit dolphins. Great! I appreciate the follow and upvote. When you practice what I have described in the post. It would do you a whole lot of good. Cheers.

@maryfavour.

@maryfavour
Your post is motivational and inspirational at the same time.
You earned a new follower ☺️

You are such a great motivator my friend and i am so lucky to have been connected with you! Reading your posts give me more courage to keep going!

Hello, my good friend, @progressivechef! Please, pardon lateness in replying to your comment. Glad to be able to motivate you with my posts.

Reading your posts give me more courage to keep going!

Wow! I didn't know this. Hopefully, I would try to keep the posts coming. You are doing very well with @steemit-ironchef and I'm proud of you. Any newbie who tell me that food/cooking is one of his passions, I usually refer to you. Well done!!!

@maryfavour.

Thank you very much for the acknowledgement @maryfavour. You are indeed a great leader.

It's my pleasure, @bat-junior!

You are indeed a great leader.

I am humbled. Thank you. Keep moving forward!

@maryfavour.

Thank you ma

you are very generous :) be like that forever great inspiration to all !!!

Hi, @blazing!

you are very generous :)

Thanks for the compliment. Generosity is my way of making the world a better place for us all to live in. Cheers.

@maryfavour.

Wow! You still have a lot of despite the power down. I only have few but that was probably because I'm just 20days old yet. Haha. Congrats for achieving a lot here in steemit. You guys inspire me to do better! ❤

Well done Ma, it feels really great to know that there are people who can hold on with luxury to enjoy a better tomorrow.I have learned a lot from you and I do hope to keep learning. Thanks for being an inspiration.

Thanks for your motivational speech. U really have a good self control especially in this our economy and the challenges we face over here!! I wish u d best of days ahead on steemit.

Hello, @sbamsoneu! Sorry for the late reply. Like you stated that,

U really have a good self control especially in this our economy and the challenges we face over here!!

I should be disciplined and have self control, because I think of what I can do with my SP in future and not just cashing out all my earnings/investments like I see many of you do. Well, to be poor and be in lack is a bad thing, but to remain in poverty and lack is foolish. Those who have ears, let them hear. Thanks for the good will. I wish you all the best too. Cheers.

@maryfavour.

Thanks to post