Do You Want To Live Off Of Steemit?
I'm not here to tell you that you'll never be able to live off of Steemit... But I'm here to give you some straight up facts. You should probably give up on that dream, because your chances are slim to none. That being said though, it is possibly, but you should probably focus on earning something extra instead of a full time income.
Even well-known and established Steemians with a reputation score of 70+ have given up their dreams of living off of Steemit as their only income. Well-known authors who've been lucky enough to get superb support and great rewards on each of their publications. They might not have given up on Steemit or the blockchain, but if these people have jobs, you should probably not think about leaving yours.
It's true that some people might be able to live off a paycheck of $100 or $200 per month. But the reality is that many people could barely pay their electrical bill with $100.
This is how much I need for 1 month.
- Rent: ~$500
- Electrical bill: ~$90
- Phone bill: ~$25
- Internet bill: ~$50
- Food & other groceries: ~$400
There you have it. That covers the basics. ~$1065 per month. On top of that, I need clothes and some extra money to go see a movie or whatever. I need money for all these extra things on top of the things I've listed above. I also need a bus card so I can take the bus and I need to buy books for school and whatever. So, the bus card should be listed above too, (~45). Any how, I need about $1100 per month, to cover the basics. To get roof over my head and to afford food.
So let's take a look at my income. I am a full time student nowadays. I was a full time freelancer for several years until I became a student earlier this year. I have a student loan, so I get exactly 10444 SEK each month. That's $1193 US Dollars per month, which gives me about $90 each month, to put on any of the extra things I want or need.
- My savings account is collecting dust.
That being said, for each cent I'm able to earn here on Steemit, I'm able to give myself something extra. A pair of shoes, a shirt or perhaps a decent meal on a not-so-fancy restaurant. But, I don't want to cash out everything I earn, because I believe we have a wonderful opportunity in many different aspects to change our lives with the use of Steemit. Financially is only one of the aspects, so I need to grow.
And even though I barely break even each month, I'm delegating 100% of my steem power to others because I live and breathe the pay-it-forward mindset. I do it because I personally believe it's for a good cause. I believe it's for the greater good and I'm okay with "sacrificing" myself a little bit along the way. That being said, when Steem and/or SBD hits $5 or $10, it's a different story. - That gives me the opportunity to make 5-10x more than today...
Imagine if Steem or SBD would reach $20 or even $50...
I wouldn't even think about dropping school or to quit my job before I had about 100,000 Steem and the price of Steem would stabilize and sit at ~$3. - And that's why I know that my chances are slim to none.
I haven't been outside of Sweden in about 18 years or so and I would love to travel. I would love to be one of the famous travel-bloggers we have on Steemit who makes more on 1 article than I do in a month. I would love to be one of those authors who continuously hits the trending pages... But the truth is, I can't afford it and I'm okay with that.
I'd rather focus on building our community and minimize the gap between the different classes on Steemit right now, and maybe, in the future, I'll be one of the authors who can travel the world using the money I've earned on my articles.
- But I'd never hold my breath meanwhile I wait.
