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RE: Steemit Things I've Learned In My First 11 Days - #4
Hi @davemccoy! I think I need that right now coz I'm thinking about what I'm gonna do. If I'm gonna let it stay for awhile. Im also think about doing something for my account with this amount.
Well to start with, you have several things (for now) that you need to decide.
Pros:
a) you earn more
b) you give others more (which can help build a following)
Cons:
a) you have to tie your money up for at least 1/13 of a week for 13 weeks in a row. That means, that you should plan on not spending that money for 13 weeks. You can get 1/13th of it every week, but to keep it simple I use 13 weeks (3 months) for an example.
Pros: you get money to spend for your life now.
Cons: you don't grow your voting strength much and only will earn money from your regular activity
It is always an individual choice which is the best way to do it. I personally am focusing on growing my voting strength to get bigger (essentially reinvesting my earning for now). But you may have other needs and goals, so that is why it is your own decision.
I think you will have some decent money coming through soon, so deciding what to do with it is something you should do. I will help you to do what is best for you, just tell me your goals based on what I described above.
ps... your account is worth much more than it says right now, because the dollars they show don't reflect the proper value of the SBD and they also don't show the payments you have coming to you.
Thanks again @davemccoy. I think im gonna stay at is and watch where it goes and just continue posting. I think Ill talk to you more bout this on your future posts. Never stop guiding man :)
That's not a problem @qyugmo, just remember that the money in your sbd is worth between $7 and $8 per sbd... They have active markets that trade all these and it is very easy to determine what each is worth. Just let me know if you have any more questions and its perfectly fine to wait and decide what to do later. Stay in touch and thanks for the communication!
Really a big help man! Thanks very much