It is no news that there has been some profit taking on Steemit of late and many have been known to benefit greatly.
The good thing is that with SBD being high at the moment, (a situation said to be warranted as a result of the recent loss of funds on USDT) many have sold little amounts of SBDs for way higher USD.
But what many are failing to understand id that this is not going to last or at least, it "may" return back to 1SBD to 1.2USD, when? no idea, but it looks likely to return.
Budget your Steemit earnings.
Many may argue that budgeting their earnings on the website the rewards them for being social is not a gist they should be told, but it has to be told.
Knowing what you are doing with your SBD earnings will give you a comfortable state to try out investment opportunities that will put you on easy streets in the coming days.
You financial status has a lot of influence on your self worth and when you have that level of financial responsibility, you will find out that you have that power to stay awesome and well.
However, making these decisions should be from a mind that understands what it means to put something aside for the rainy day.
Putting some books in order will help you have the mindset of being a Steemian through through.
Budget your earnings as they roll in. Draw out your earning in clear forms by putting it in a scale of preference and follow through so that you will have something good to show for your time on Steemit.
When you budget your earnings on Steemit, you will be the better for it as you apart from mining with your brain, you will also be bold to say, you are financially free.
Remember that, financial freedom is something we never got all those years of being on Facebook, instagram, Snapchat etc. And now that we have the Steem Blockchain that rewards us, we must make the best of it by staying financially responsible by budgeting our earnings for a better and more prosperous tomorrow.
The current price for 1SBD as at time of writing the article is $11.82USD.
image https://porthawkesburyreporter.com and https://sunwestpebl.com
with sbd at $12 WOW http://www.steemdollar.com/
Insightful financial advice.
But how can one do that? when you say invest are you talking about other cryptocurrencies or invest in other offline businesses?
Thank you. SBD is really rising and truly no one knows which way it would go next
This is a wise saying and perhaps, a reminder is needed...
Thanks @ejemai for this article...
Educating the very newbies and flamboyant steemians who seem not to understand the terrain in /about life ...
How do you budget your steemit income? do you keep the in a checkbook? an online excel file? budgeting app?
You simply put in motion plans to help you manage your funds, it could be in any of these format but the most important thing is have a budget for when you earn so that you can have a trail that will lead to a successful financial life.
nice post on budgeting @kingst
sbd as it is now is already falling rapidly and in the red now. as such, i cannot agree more with your predictions it may fall back to old status.
for me, i wisely convert through blocktrade my sbd for trading in altcoins which is earning me steady stream of income and am an early adopter of a great coin like Elyte with very low price now. A lot of africans are joining their presale in whitelist
www.elyte.io
check it out and join their telegram and see community in action
best regards and nice post
I wld take your advice, just that i dnt think i make enough to budget... but ur very right bout d relationship btw ur finances and self worth... kinda felt spoken to thr. Pls follow back. Thanks.
it may goes more than $100 the next year so it's very wrong decision to cashout now, I realise that just after being on steemit for 7 months, it was just going down and this why I sold a lot, but now I decided to not sell for one year, the future is after steemit ☺