oops
W
5 years ago in #steemleo by abitcoinskeptic (74)
$26.59
- Past Payouts $26.59
- - Author $20.64
- - Curators $5.95
128 votes
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- and 108 more
This is truly an incredible post. Sorry it took so long to get around to commenting on it. The entries have been overwhelming, but in a good way. We have an awesome community and so many great members of it, such as yourself, have put a lot of time and energy into making an awesome entry for the contest.
Hearing about your journey is inspiring and familiar at the same time. I (@khaleelkazi) grew up similarly with parents/grandparents who would frequently talk about investing and encourage me to play around with different games (monopoly was a family favorite) and with some real money eventually. Having that as a foundation has propelled me to a great place in life, and I see that you have a similar effect playing out in your life as well. Thanks again :)
p.s. I set you as the beneficiary of this comment as an extra little thank you for an awesome entry. the winners will be announced in about 12 hours from now as I'm still making my way through the rest of the entries :)
Thanks for your comment and my pleasure to enter. The community will definitely improve as a result of this contest because it will allow all serious members a good look at what their audience's experience and opinions are.
That's an interesting way to burn the tokens (as the entry fee!) and agreed, it is a great way to keep the quality high if there is a cost of entry! Steem-Leo have really thought this through... although, you wouldn't expect any less from an invest focussed niche!
Anyway, I like how you have approached your investing... investing in knowledge and education is one of the best uses of time and money, plus the paying down of debt as fast as possible! I see a kindred spirit here!
I would expect LEO as an investment community to try a lot of interesting ideas. I imagine the people behind it are quite familiar with a lot of tricks. It's also why I'm taking it more seriously than the other tokens. It's definitely the better place to learn about investing.
For example (and as an artist I hope you don't take this the wrong way), I find the creative tokens have bad economic models, unless they get a lot of curation or patrons, many of the artists tend to not have an investing mindset and have more of a tip or revenue mindset (ie. they are more likely to sell as soon as they get), so I think the reward pools will drain faster and token prices will go down unless they are stabilized somehow or better yet manage to attract curators.
Knowledge in investing is one of the best investments I've ever made. I try to stay away from Technical analysis and anything that relies on hype or marketing (it's just too proactive for me). However, that's how people make the most money. Paying down debt quickly is smart. I'm learning more and more how to use debt as an advantage (sometimes it is good to be leveraged) especially when government programs give you loans for cheaper than you can lend them out (see retirement funds or education funds for children ;)
No offense taken... I think the same thing! Musicians and artists don't really have a firm grasp of more hard headed economics. There is a prevailing attitude that people should just give money (tokens) to art just because... Sadly, like you said, unless you have a large benefactor or patron... That just doesn't last long...
Interesting story about investing. Glad it is multidimensional and diverse and isn't just cryptocurrency or Steem you are focused on. People like the latter desparately need Financial Advice.
Please fund my entry!
Thank you for your opinion Mr. Financial Advice. Good Luck and Have fun.
Great to see all Leo community members are rich enough to afford the entrance fee ..as I don't see any such request here! But I do appreciate offers like these. Thank you for making one!
Yeah, I would hope most who invest can afford 10 leo to join since they will likely get more back and received thebairdrop, except newbies.
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Great post.
Thanks for sharing all your history. I'll hope I had a similar experience like you. But hey, never too late to start right?
Greetings from Mexico and hope you have a great day.
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Never too late to start. Practice does make perfect though so start off small and lower risk so you don't get burned badly and have a bad experience.
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A great read, so worth a resteem. I'm not really into steemleo yet, but your story has sparked my interest big time.
Cheers! !beer
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Thanks! It's a great community if you like investing and business.
Posted using Partiko Android
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