Can steem be your main income in Malaysia ?
Quick meetup at KL Sentral
Its always fun to get together with like minded people and in this occasion , it was to discuss the 13th January #teammalaysia gathering and lots of other stuff.
EVENT DETAILS
Other topic which we were talking about ...
Is it sustainable to have Steem as your main income in Malaysia ?
A typical Malaysian House Income is about RM5,228
As I am writing this post steem dollars is now at $10.93 and to get to RM5,228 you only require 118 steem dollars.
Doing the math !
We all know of the 25% / 75% ( 50%|50% ) share.
How much do you need in your post to get up to 118 SBD a month. Your posts needs get a min of $11 or a higher value.
$11 payout post = Steempower + Steem Dollars of 4.125 = RM181.50 ( which can be exchanged for fiat daily )
So the big question is ... would you quit your day job ?
I do know that there are already a few people thinking of it and some who has already done it. Not necessary just because of Steem however due to the fact that they have obtained substantial wealth from Cryptocurrencies.
Dare to take the leap ?
The beauty of living in Malaysia is that we 've got some of the best foods at really affordable price range, our real estate is one of the most affordable and our MYR vs USD is 4:1 ratio.
With the price of steem on the move upwards and also the SBD moving up, it looks like its going to be a great year for Steemians globally.
If the price of Steem and SP can sustain at this level, it can be the main income. When I retire in 3 years time, it will be great if my income from Steemit can be bigger than my pension. I can see that as a reality.
I've been surviving on Steem since June 2017. :P
I wish to survive on it some day but to be honest I would love to finally get some recognition and some money here and there for our content. We've been travel blogging for over 7 years and we're doing it more as an expensive hobby (we're got freelance day jobs as well) but it seems like the only one who benefited from our content was FB .
You posted it mainly on Facebook? Do you blog on WordPress or other platforms? You could earn a decent amount there.
No we have a main wordpress blog (our baby) but I would say probably 4 years ago people stayed on FB, especially since FB don't want their users to leave their platform AND once they stopped sharing our updates with all of or followers. That's why we gave up on FB and found Steemit. Could you take a look at our Steemit Blog ...we're new and would really love to get noticed here. Which would give us even more drive to create more content. We're always having these up and downs and sometimes it's a bit depressing. But we swore to never give up :)
Yeah FB changed their algorithm and not even 10% of your followers can see your posts on their feed. I mostly rely on Google traffic.
Yeah i'll take a look at it.
wow .. thats amazing .. in June steem was around $2.4 right ?
Yea closer to 3, then HF 19 happened a week later. Awhile after HF 19 all dropped though. Luckily Melaka cheaper than KL. Now with Steem at $8, it feels surreal!
Time to move to malacca 😆
What is Malacca?
Malacca is the english of Melaka, which is one of the states in Malaysia
Oh ... and I thought it was some kind of cryptocurrency . hhahaha sorry! Thank you for clearing that up.
Haha no worries 😆
haha .... tell me bout it !
Wow, I didn't know that! Good on you. All the best in your endavours.
Haha with Steem price at $8, can live in KL also. :P
I was wondering, is it better to keep more Steem or SBD? Or its a whole different kind of game playing with this 2?
Need a little bit more to really fully live off 😂, waiting the day it shoot up till $15
SBD was supposed to be pegged to $1 usd but for some reason the market pumped it up..
I would keep more Steem instead, and power up to get more influence..
Cool!
Terbaik !! Teh tarik + Roti canai=0.10sbd
boleh upgrade jadi roti telur sudah bro
Hahaha, betul jgk tu.
Great bro! With you helping the Malaysian community, im sure some bloggers can take the leap!
Hope that I really can do it. I really wanted to reduce dependancy on my parents when I am studying overseas.
Hah .. thats true 😀 .. that is what few steemians are doing . It's better then taking a few jobs just to sustain an income
Haven't been easy for me though...just enduring so far.
took me some time to understand the math there! looking forward to see you guys soon!
Same here 😁
Now working my way to fully live on STEEMIT... 😆
Let's do it!
💪🏻
Before Sleep Steemit !
Wake up Steemit !
Driving... Steeemit !
Everyday without Steemit!
LUNO & emitano Still not get use to it. Really need help on how to Withdraw it out ! @Bitrocker2020
You mean everyday with Steemit.... Right?
Aha ... Sure man .. u r coming for our 13th Jan gathering right ? Let's catch up then
Ehhh driving jangan steemit, nanti accident 🙈😬
How does this equation works? Is 4.125 a static figure?
$11 payout post = Steempower + Steem Dollars of 4.125 = RM181.50
The formula goes like this:
$11 split into 75% | 25% (Author, Curator)
= $ 8.25
$8.25 split into 50% | 50% (SBD, SP)
= $4.125
Then SBD to USD (Using 1:11 SBD to USD)
$4.125 * 11 = USD 45.375
Then USD to RM (Using 1:4 USD to RM)
USD 45.375 * 4
= RM 181.5
That's a pretty detailed explanation @superoo7! Way to go!
Thanks. That's good to know.