What is your Risk tolerance?
We now live in a world where with your smartphone and an Internet connection you can make money.
- Some Examples are:
Content Creation - Trading Platforms - Surveys - Cashback Reward programs - Ebay/seller apps - Tutoring - WEB3
Low Risk Opportunities
Time - Sweat - Tears - low investment required
High Risk Opportunities
High Capital required- Equipment - Loans - Lease - Staff
Both of these opportunities will require a long term commitment of consistency, effort, and faith.
So don't be eager and take your time.
When it comes to Low Effort opportunities the competition is always congested however don't let that intimidate you because your job is to calculate your risk tolerance.
Example:
improving your equipment on your low risk opportunity like buying a camera for your YouTube channel may not be equivalent as improving your equipment on a high risk opportunity like buying an industrial equipment or hiring a staff to operate your business
What is your risk tolerance?
If you failed in either one of these options will it have a severe impact in your life?
how much time, money and sacrifice are you willing to invest?
Your Choice:
- Scroll thru brain rot 1minute content for hours or educate your mind to unlock a new skill or ability.
- Failures of attempting to grow and learn something new are not all bad if you consider the effort and calculated risk it took to acquire a new skill or ability.
LETS TALK SPLINTERLANDS - The Numbers
The Key is to Build, Grow and learn how to PLAY-TRADE-SELL-SWAP-RENT-EARN here in the Splinterlands Web3 Blockchain game - powered by HIVE.
Example 1:
START UP COST:
Step 1 - buy your Spellbook
Step 2 - Set Your comfortable budget
After Start up cost you will have a 4,770 DEC Expense per Season.
Step 3 - Set your Time
To maximize your game assets/collection you will need to spend about 1hr-2hrs daily managing RankBattles/Brawls/Land/tournaments
RankBattle Statz:
May differ depends on situation (rough estimates)
Rating of 1420 to 1600 Silver League with x12.27 boost
11-6 record
- 17 Games will take around 3 hours avg. 7mins time from finding match to selection screen
- Win 11 games for 3,048 GLINT & earn 14 to 15 Stake SPS Daily
68 games will take around 12 hours avg. 7mins time from finding match to selection screen
Win 44 games
WILD BOT - Few minutes to set up/ no need to spend time in battles
50 matches and win 20 games in 24 hour period X 14 days = 280 wins
LAND PRODUCTION:
DONT FORGET TO JOIN A GUILD!!!
Quotes:
Sometimes WE WIN & Sometimes WE LEARN.
NO RISK NO REWARD
Interesting Fact:
On average a small business takes around 2 to 3 years before it actually sees a profit
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