Unlocking Financial Freedom Through Consistent Writing
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Chapter 1: The Power of Daily Writing
A daily writing practice could be the key to financial well-being! This idea may sound unconventional, but my experience over the past month supports it.
Photo by Scott Lord on Unsplash
For nearly three months, I've been utilizing a particular application, and it has significantly impacted my earning potential. I’ve managed to write three articles in a single day on several occasions and even reached four articles once. However, in recent days, I have opted to focus on writing one article daily. Based on these varying frequencies, I want to share my insights regarding the earnings I've generated.
The intriguing aspect of this experience is the relatively modest income I earned when limiting myself to just one article a day. While I can't speak for all Medium users, I can share my perspective as a member of the platform. Although many may disagree, it's essential to consider the broader picture.
Section 1.1: New Writers vs. Established Authors
Many newcomers to Medium might contest my viewpoint since they see established writers with thousands of followers who publish only once a week, yet receive significant engagement. The underlying truth is that when you’re new, building a substantial following requires considerable effort, which is directly linked to how frequently you publish content. If you're just starting out and only post once a week, the level of engagement will be far lower than if you were to publish three or four times a week.
Subsection 1.1.1: The Commitment of Successful Authors
Successful authors have invested time and effort to cultivate their readership. Therefore, I encourage new members to recognize that around 80% of Medium users are also new and have fewer followers. My message is clear: aim to publish at least one or two articles each day and engage with other writers consistently.
Engaging with your peers by commenting on their articles is also beneficial—aim for fewer than 50 comments a day to remain within Medium's guidelines. By maintaining this routine of writing and interaction, you will see growth in your reach and followers. Once you have established a solid following like many successful authors, scaling back to one or two articles weekly will still yield positive results.
Chapter 2: Strategies for Engagement and Growth
In the video titled "$1.00 Dollar a Day Keeps Debt Away," the discussion revolves around how small, consistent savings can lead to significant financial freedom. This reinforces the idea that regular contributions, whether in writing or saving, can compound over time.
The second video, "Is Paper Money Going Away? Fed Chair Discusses the Digital Dollar," delves into the future of money and the rise of digital currencies. This topic is increasingly relevant as we consider the impact of technology on our financial habits.