Welcome to the 8th weekly installment of my series on Steemit income and growth!
Income on Steemit is generated by "investment" (the more Steem you have, the more you earn) and by "work" (earning Steem by contributing content that adds value). Already having invested my savings in Steem, I'm now "working" by uploading unique valuable content to the blockchain. My goal is to increase my average weekly income to 15 Steem.
Calculating weekly income
Considering income from all accounts that I own, and that my wife owns, and accounts started as group projects with my funds (currently @drutter, @medikatie, @greatesteem, @hempy, and @girlsofgreen), here's the running tally:
Week 1 - 0840 (+ ? ) Steem (+?%)
Week 2 - 0848 (+ 8 ) Steem (+0.95%)
Week 3 - 0862 (+14) Steem (+1.65%)
Week 4 - 0868 (+ 6 ) Steem (+0.70%)
Week 5 - 0876 (+ 8 ) Steem (+0.92%)
Week 6 - 0888 (+12) Steem (+1.37%)
Week 7 - 0914 (+26) Steem (+2.93%)
Week 8 - 0929 (+15) Steem (+1.64%)
Average income = +12.7 Steem per week = +1.45% per week
Another strong week of growth managed to keep the average over 1.4%! Payouts for the next week are likely to be smaller, but it does look like average growth of 1.3% is possible.
At that rate, I'd hit my goal in just 4 months! At a lower rate of 1.0% it would take me less than a year.
Anyone investing some capital and a year of full-time work on a project can expect to be compensated. When I hit my goal, if Steem is $4, I'll be drawing $200 (50 Steem) per month as income. It isn't a lot in terms of money, but I'd be doing what I love, and though slowly, my account would continue to grow. That's what I call "Steemit rich".
How I'm going to spend that 50 Steem is a whole other matter! :)
Thanks for your comments and support!