How SteemIt Works in SImple Words
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Hi Fellow Steemian
Read carefully thru this Short Post and you will Understand how Exactly steem works.
I will keep the answer as short as humanly possible and to the point.
Let's Look into a wallet: 
Using @JerryBanfield's Wallet for an example hope he doesn't mind.
Steem
Steem Power
Steem Dollar
How it works?
You only can turn Steem into real money
You can turn Steem power, within 13 payments throughout 3 months of time into Steem(that you can later turn into cash)
When you want to cash steem you transfer Steem into Bitcoin and transfer Bitcoin into real money.
🅲🆁🅸🆃🅸🅲🅰🅻 🅿🅾🅸🅽🆃 Steem Power Grows in value as Steem Coin value Grows on the Market.
More Steem Power you have More power you will have Within the Steemit community. Your Upvote will earn other people more money than a newbie's Upvote depending on how much Power you have.
Jerry's Upvote will be worth around $2, newbies upvote = $0-$0.01.
It's a lot more valueable for you if Jerry follows you which means potential Upvotes from him in future($0.5-$5 per 1 Upvote) than if a newbie follows you and brings potential $0-0.01 Upvotes since he does not have Power yet.
So where the heck should You keep your steem moneyz?
Answer: Steem Power. Why? Because Steem Power will grow as Steems Market Cap goes up. If you have $20 in Steem power today, 1 year from now that 20 will be worth $100-$200 (depending on how fast Steemit value will go up)
Just take a look at what the most successful Steemians are doing.
Jerry keeps his moneyz in steem power
@trafalgar keeps his money on Steem Power.
I can give you a ton more examples but that's not the point.
Conclusion. Don't overthink it. Focus on making as much Steem Power as possible and hold it until steemit value skyrockets, and you are rich.
Now you Understand Steemit. Please Upvote if you Found this Valuable!
Good advise for everyone.
Thanks so much! Still learning here, but getting it finally :)
Thank you that was very helpful as I did not understand all about that.
So I am going to keep my money value as it were in steem power .
Upvoted :)
I am always happy to help out! Following you back, want to connect with you more in future. Thanks for reaching out!
Great read. Thanks for the advice. I'm still trying to work out how this whole thing works before jumping in head first.
You are most welcome! Let me know if I can help you with anything else :) Steem community is awesome! I have been enjoying it a lot
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Good to know.
Hey, why didn't you put my wallet info on your post? haha, just kidding
Haha 😅 wallet's information is open to all and he always shows his wallet so I assumed he wouldn't mind. If he does I will take his pictures down 🤗🤗
I haven't posted anything yet, still figuring out things on the platform. At the time, the post is really helpful for me. Thanks for the information, @Adil.
Its sad that my up vote was only worth $0.01
Excellent