ONE OF THE BEST IDEAS I'VE EVER HAD
Well, that certainly paid off!
As many of you already know, I also run an alt-account called @little-peppers as an investment/saving account for my children. I started it up just over a year ago because I finally began to understand the amazing potential and future of cryptocurrency. If anyone would have been able to rewind the clock and grab just a few BTC for their children back in the day, they would have without hesitation. Obviously, most of us missed that boat, but we still have other opportunities.
THE STEEMIT OPPORTUNITY
The goal was simple, just have fun sharing and documenting family fun and activities and use the rewards as a savings for the future of the @little-peppers. So far, not only do they have about 0.7 BTC, but they also have almost 3000 SP, which is currently worth over $15,000 USD. Interestingly enough, that "$15,000" alone is an interesting amount.
The video above is a tour of our land. We purchased it for less than $10,000 USD. Technically, the @little-peppers could afford to purchase a property like this, just with what is in their steemit account.
Although we have not started building yet, the septic system has already been installed. Since that cost less than $5000 USD, the @little-peppers could afford to do this too! You'll also notice something in the background of the photo above.
Yeah, the shipping container, bundled together with the land and the septic system, would come out to around $15,000 USD total. Basically, everything that I've worked hard to accomplish in getting the land and the work done on it so far could be financially accomplished by my children.
Now I know that we have five children, and that their savings will one day be split up, but to end up with the amount of STEEM and BTC that they have has been a huge blessing. To be able to "mine" STEEM and BTC by sharing content and curating here on steemit has been an incredible experience anyway, and the rewards will bless our @little-peppers long into the future.
WHAT ABOUT YOU?
I thought that I would share this in a more tangible way to inspire others. To see that acres of land, a septic system, and a shipping container could all be purchased for the current account value of the @little-peppers account paints a different picture than just looking at some numbers on a page.
While I am not suggesting that everyone try to run alt-accounts to try to bless their children or others in their life, I do believe that it is wise to try to save up something for your children (or others) if you are able. If you are like most people here on steemit, you've got a whole life going on offline. You work, you sleep, you eat, and periodically you hope online to post, comment, and curate on steemit. Hopefully, you are able to meet your financial needs through other means and anything that your time on steemit may bring in is just an added bonus.
If you are in a position where you do not desperately need to cash out your steemit rewards, why not use them as a savings/investment for not only yourself, but for your loved ones? What if you simply held 10% of your earnings as an investment for your children? It may not seem like much now, but what if STEEM continues to rise? What if your child is young, and the account grows for years? Obviously, there is no guarantee or promise of anything, but we have an incredible opportunity, and I wanted to take this opportunity to try to inspire you to think of the potential, and to think of others. Too many parents only leave their children debt these days. Why not try to leave them a blessing instead, perhaps even while you are still alive so you can watch them enjoy it?
Until next time…
Don’t waste your time online, invest it with steemit.com
I am brand new to Steemit and blogging, but I am so glad I came across your posts. We homeschool our 4 kids and are working on our homestead too. We limit screentime but still want to give the kids an outlet to share their interests. I love the idea of having an alt-account that we could use as a school project. The possibilities are endless. They can learn about economics, investing, writing, publishing and just share whatever other topic that interests them. Thank you so much for sharing!
I home school also. I have my son posting every day he has school on steemit as part of his English requirement. I let him choose what to post about but he has earned about $2500 in all so far
Nice, we have five and also homeschool! Welcome to steemit @crowbarmama!
You are setting the little peppers to be in a great financial position one day! They will definitely thank you later on for this when they become big-peppers! This amount is going to grow as steemit's popularity rises in the future!
Thanks! I think that you are VERY right about that!
You're welcome! Steem(it) is still relatively small! And that SP is going to be massive as you continue to succeed on the platform!
A very good point!
Yeah. He's giving them good financial foundation for tomorrow (future)
Thank you, obviously I agree!
This is so inspiring @papa-pepper! I've been on the fence about starting an account for my kids and this definitely makes it clear I should wait no longer!
Although the terms of service require people to be at least 13 years prior to running their own account, I think that it s never too early to invest in their future in such a way.
I think it is a good idea for you to do that, it'll only become more of a blessing as time goes on!
I just wanted to write about the last part of the share. Your every sentences is so true. It is a big mistake to ignore some things with the aim of making other things better. You wrote about a very important topic. Congratulations. We should pay attention to everything. @papa-pepper
Thanks @slayer10! I'm glad that part resonated with you!
I was so happy you liked it. I follow the writings. You're doing good work. @papa-pepper
Me too. I have to wait a few more months until my son turns 13, but we're already talking about ideas for his blog.
Might as well secure the name now!
Really sound advice. It just makes "cents", right? :-) I've only been on here for a couple months (actually using it, that is....I joined in Aug) and it's amazing the amount of potential this platform truly holds. We are still in such early days. I mean, this is still the beta version, for crying out loud. I truly believe SteemIt will be one of the huge "winners" in the crypto world and someday could very well be a household name in homes across the entire world. Seriously, think about that. The entire world will have access to this thing and we're only getting started. Pretty crazy to think about.... Keep up the good work as always. Thank you!
I do not think that is beyond the possibilities!
I have been bribing my children and grandchildren so that they register on Steemit. The carrot was 1,000 SP.
I have succeeded: they have all registered. And some of them have started to blog.
Their accounts are worth at least CAD$14,000.
Nicely done my friend. You were wise to do so!
It is pretty amazing, isn't it @vcelier! As a writer it's a great opportunity to reach a new audience :) Even though I'm the author of 7 well-received books, so far, I feel like I'm starting again, here on Steemit!
Here's a further introduction, if you're interested: https://www.pbs.org/newshour/arts/poetry/humble-one-liners-can-teach-us-times-live Wishing you continued success, Yahia
It’s a good thing you are doing for your children I also started a savings account and other investments for my children when they were born, cheers mike
Cheers! Thanks Mike!
This is an excellent idea, first of all I love that you have a place to document and really memorialize your family. I love the idea that the blockchain will permanently record them forever. I have been capturing my girls lately and was thinking about this very thing.
Also planning for their future in the world where crypto reigns is wise. Steem is a winner, Steemit will thrive, its only just beginning, investing now seems like a no-brainer. I recently got my wife to join but she hasnt posted at all because she just doesnt see the value and potential like I do. Hopefully soon enough she does.
Thanks PP, blessings.
Thank you my friend! May you be blessed as you continue.
I totally agree with you and well it would have been nice to have something saved up for me, but I suppose I can learn and make due with what i have while hopefully providing more for the future :)
It sounds like it would be a great place if people like @gardenofeden @stelabelle and yourself work towards some community. I know you've seen each other a few times already, I've always been inspired whenever I see a great post from you guys. Stella is a proponent of the gift economy, you and the people from the garden of eden are doing your part for a more sustainable and actual community, here and in the real world :)
Well cheers and I'm glad you are a responsible parent, I suppose we should be happy for hte opportunity steem is for everyone
Steemit is an amazing opportunity for anyone willing to try.
Investing for your children is a great idea and Steemit is probably one of the best ways to do it because it require little to no initial capital. I always enjoy reading your perspective on things @papa-pepper, I have never commented before but you are on of the most ibspirational people on Steemit. Keep it up man can't wait for the next one!
First off, thanks for commenting. It is a lot easier to "see" and "meet" someone when they leave a trail. I am glad that I've inspired you, and you are so correct about steemit being one of the best ways to do it. It is often so hard to get ahead in the world, but steemit can be our "leg up!"
Thanks @travelstheworld!
Yes I do believe Steemit and crypto in general is going to change the way the world works in a lot of ways. I just wish there was more stability in some of the coins, I like the idea of a currency being decentralized but the threat of prrice manipulation is very real and kind of alarming.
This is great. A terrific way for the kids to learn about investing and entrepreneurship! Cheers!
It really is, and it'll give them plenty of seed money for any opportunity they want to start up with.