I Earned More than $463 in My First Week on Steemit. Here's What I'm Planning to Do with My Earning!
I wrote an in depth article about the fundamental secret of becoming rich. It was sad to see that the article hasn't received any traction despite delivering quality advice and education. The world doesn't end here though.
I already received so much appreciation on two of my posts from this amazing community. Here are recently taken screenshots of these two outperforming articles. The current value differs positively from the values in the images below.
Artcile # 1: Introducing Steemit to 100 Million Pakistani Internet Users
Artcile # 2: 8 Steps to Effective Goal Setting - Set Effective Goals and Achieve Them
Back to the topic. Following the advice in the 'secret to becoming rich' article, here's what should I do.
- Buy assets which will make more money for me.
- Use this money in ways it can make more money for me i.e. make my money work for me.
- Not cash out and spend on stupid things called liabilities (which take my hard earned money out of my pocket).
Things I am Going To Do
The whole steemit community and people were kind enough to upvote, resteem and mention my articles. This amazing support of the community enabled me to earn some dollars. Here's what I will do.
Power Up by Buying Steem Power
To make that money work for me, I may buy some Steem Power. Steem Power is an asset because it makes upvotes more valuable monetarily.
The Steem Dollars I invest in Steem Power will make me more Steem Dollars! This is the secret to Steemit success in terms of monetary rewards. Otherwise, the only secret in my opinion is to contribute.
Cryto Trading on Poloniex & Bittrex
I may buy Steem at $2.5 and sell it when it's $10. Or I can send Steem Dollars from MY wallet to Bittrex or Poloniex and trade it for bitcoin. And then buy profitable altcoins with the bitcoin and sell them on huge profit; short term or long term.
Simply, I will make more bitcoins with the help of Steem Dollars and crypto trading; thus maximizing my Steemit earnings.
Cash Out a Small Amount to Learn the Process
I will cash out a little part of the amount I get in Steem Dollars from my first payout. It will help me learn how to cash out in future.
Conclusion
As I said repeatedly in that article: -
It's not money but what you do with money that makes you rich.
That's what I am going to follow. I am going to invest my steemit earnings (thanks again to the community for support) in ways which can significantly multiply my earnings.
The purpose of sharing this, as well as the fundamental secret, article is to enable the steemit community to think in ways that can benefit them manifold.
Please resteem and upvote this post generously because your generosity is the most beautiful gift I have received here on Steemit!
Great start Ilyas, and way to go. Seems you are using the lessons from 'Rich Dad Poor Dad' well :)
The secret and the lessons are from Rich Dad Poor Dad as I mentioned in my previous post. Thanks for appreciation.
You are really leading Pakistani steemians.
Thank you for your kind comment. Hope you join me in that soon.
You're definitely right! My husband tried to instill this into our lives as much as possible. He's very excited about the cryptocurrencies and tried to help others too! Thanks for the informative post! I'm gonna head over and check out the post you mentioned not getting much traction yet.
Thanks a lot. You're lucky to have him and what a sensible thing to do with the family. Sure, let me know how it is after reading and thanks. I'll follow you right now.
You are rapidly becoming one of my favorite reads to find in my feed. Good stuff, every single time. Congrats on the bigger posts, and good luck ahead!
Thank you very much... again! I've read you and such a remark coming from you means a lot to me and gives me bags of confidence.
Now the humility and flattery are mine to own. :)
Inspiring.Will follow these steps in near future to get most out of it.Thanks for sharing your case study.
Thanks Faheem. I shared my aims for now. Case studies will be shared as I learn and experience more.
And thanks for the resteem. It means a lot and keep that spirit alive.
I wrote an article about the fundamental secret to becoming poor. No wonder I only got two votes and 3 cents. LOL
Lol. I would argue with people about avoiding your article because secret to being poor is the secret to stay rich as well.
That's pretty darn amazing! What's the best time to post to get noticed?
Your profile says blogger so I had to follow you. I haven't yet gone in to much details about choosing the best time. Choosing the right tag and the top quality content is fundamental though.
Yeah I run 3 sites outside of Steemit and I'm in way too many social media platforms, so I do feel like I'm writing too much. I hope to contribute quality content from time to time. Followed you as well.