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RE: STEEM: Compounding Your Way To Big Results Part II

in #steem7 years ago

WOW! I had no idea what Appics was, but I'll 100% be checking it out right after replying here. Thanks, and yes, sounds promising and another powerful string to the STEEM bow.

Another compounding element which I don't think gets touched on much, but has huge potential, is Steemians using the money and attention they gain on the platform to build real world businesses, or brands.

One of the biggest benefits of blogging, for example, is to gain an audience who shares your views and follows what you say. And that's already been shown to be a hot, and very lucrative ticket to launching books, movies, personal and business brands.

On Steemit, you earn even as you're building your audience, which is amazing in itself, but if you're building that audience to launch a brand, or business from...

I think more whales, orcas and dolphins should be thinking about life & business outside of the platform. The bigger you get on the platform and the more your wealth is tied to it, the higher your exposure to risk.

Never build your empire on someone else's land

I'm a huge fan of STEEM and Steemit, and will be heavily invested myself, and I really can't see how it could fail. But the reality is, that it could.

So, make hay while the sun's shining, but don't keep all your wealth as paper wealth. Taking some profits off the table, which takes away from the compounding effect, is still the smart thing to do.