My role model, Warren Buffett. A learning machine, reading a few hundred pages every day. He likes to be his own boss. It took me 20 years to accept his way of thinking and investing. Excellent business operator. Down to earth guy who can read a business report. "Rule number one: Don't lose money. Rule number two: Don't forget rule number one." His partner is Charlie Munger, Charlie is also an extraordinary thinker. I have read about 20 books on Warren and Charlie, in fast forward: Their secret is "COMPOUND INTEREST" and "FLOAT". You have them both with steemit.com. Review this video to learn more about the right "mindset" and "habits":
Yes, with only $100,-- you can become a millionaire within 6 years and 5 months. In this report you will find step by step instructions. You don't have to understand what compound interest is, but it is better if you do. The system to achieve this goal is based on compound interest. If you don't want to read all the details in this investment report, then please skip the text and move to the investment table at the bottom. In the table you will find exact instructions on how to reach your goal.
I will try to define compound interest in baby language:
"Compound interest" is the addition of interest to the principal sum (your $100,--), or in other words, interest on interest. It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously-accumulated interest.
Hi there, I am Lucky Digger, I am 50 and I have been an investor since I turned 18 when I filed my first broker account with an Austrian bank. Later that exact same bank got involved with numerous scandals, I was starting to learn how to lose money and be careful.
In the following months and years I opened further brokerage accounts at another 2 Austrian banks, buying bonds and stocks. At the time, Austrian government bonds were paying 11% interest on 2 yearly bonds. I also invested in Canadian, Australian and South African gold mining companies, of which non still exsist today.
Investing in "DeBeers" was another great mistake, I was a Mining Engineering student, further specialising in Minerial Economics. I was finding out about the Zinc Cartell and the doings of DeBeers, they were stockpiling diamonds in London like it was going out of control, to keep the demand to offer ratio where they needed it for price stability, I sold the stock at a loss.
I was starting to become an expert at losing money, and then it again happened to me: Jordan Belfort walked over my path. I again lost money on a metals scam, whereby I received certificates of ownership of bars that were on stock, but they weren't. That taught me a big lesson: I need physical - If I can't touch it, I had better be very, very, very careful.
In the dot.com bubble I lost my total life savings. The lesson was very hard. I was trading stocks on margin. I even had debt after the bubble popped. How can you make so many mistakes in life? I wonder who has all the money I lost? I was so focussed on technology, innovation and heavy industry, then I got software focussed. I was an expert at losing money. Comroad was a scam. Cargolifter, I even traveled to Berlin to see all the development and design going on, but in the end it was a scam, the shares went to ZERO!
One thing I learnt from Warren and Charlie and how to apply it: "Compound interest tables." Charlie Munger, the partner of Warren Buffet, says he has always got compound interest tables with him. Or, he has them in his top drawer. Nowdays I am interested in constant interest that can compound. I invest in solid companies and things I can touch. Crypto gives me the jitters, you need to know what you are doing or you can lose a lot of money.
Anyway, you have it all here, on steemit.com. Further, you have "float", your followers are "goodwill" that will certainly increase your income. Infact, the minimum you will achieve on steemit.com, is that you turn into a millionaire within 7 years. All you have to do, is recharge your upvoting power to 100% (should take max 5 days). Then, every day make 11 upvotes. That's all you have to do. If you do that, you will make 2% interest on your account every 5 days.
I created you a compound interest table for your steemit.com activity. If you have $100,-- on your account now, and all you do is make 11 upvotes per day. Or, deplete your upvoting power every 5 days and then let it recharge. There you go. Stay disciplined and curate 11x a day, that's all you have to do. If you steem a post and get additional rewards, then jump yourself forwards on the table. All you can lose is $100,--. Stay with it! Ofcourse, if rules are changed by the system, then this table will have to be recalculated. But for the time-being, you have the chance of your life!
The above team badges were created by @bearone, please contact her if you would like to have a badge. Check with her for a pricelist for customized badges, team badges, private badges, she does great work.
If you liked my post, then please follow, upvote and resteem. Please also comment and ask questions. I will try to explain.
Please particularly also resteem this to your friends in the Phillipines to whom this post may open a door. I have many friends in India and Phillipines who were excellent men in the offshore Angolan oilfields.
P.S.: As you can see by the tables I have created for you, if you start with $10.000,--, you can reduce the time you need to get to 1 million by half! Learn to read the table and it will help you reaching your goal.
great post,thanks for your the energy you put down in creating this,have followed you,looking forward for nice posts like this in future.please can you be can enough to follow me back @cryptohunt
@cryptohunt, do you also mine crypto? I will be posting a progress report on this system for the next 6 and 1/2 years. With excel spreadsheets and documentation tools. Every move will be documented on the way to 1 million Dollars provided I stay healthy and disciplined.
great i'll keep finger across,i'd be glad if you follow me back
Do you mine crypto? Following.
yeah,but by trading
I only mine crypto. Have never purchased or sold any. I have traded stocks, bonds, options and commodities for 30 years. One of my courses here: https://steemit.com/stocks/@lucky.digger/how-i-have-beat-the-stockmarket-consistently-for-years. I am a loser when it comes to direct trading. My personal statistics have shown that its just gambling for me. I have a very comprehensive library full of trading books and loved trading. But on the long run I couldn't say that I won. I documented every single trade. Good luck to you @cryptohunt, I know that you can win at trading. Do you know "right-edge" and Quantopia? That will definitely work with crypto.
Wish you happy reading incase not already done.
Reminiscences of a stock operator is an epic read.
FYI https://steemit.com/teamaustralia/@lucky.digger/million-dollar-challenge-1-xls-file
Good to hear and look forward to them. Thanks
https://steemit.com/teamaustralia/@lucky.digger/million-dollar-challenge-1-xls-file
Thanks for the tip.
https://steemit.com/teamaustralia/@lucky.digger/million-dollar-challenge-1-xls-file
Love your content. I first have to achieve 100 dollars.
Keep posting and curating.
"I wonder who has all the money I lost?"
He sure looks happy...
FYI https://steemit.com/teamaustralia/@lucky.digger/million-dollar-challenge-1-xls-file
the power of compound....thanks for the whole story....
you went through a hard time....from here on with STEEMIT it can get only better....
cheers
Thank you for reading, commenting and upvoting Urs.
no worries mate..we are in the same team...and i really liked it....a lot of people dont know the power of compounding.....
cheers
FYI https://steemit.com/teamaustralia/@lucky.digger/million-dollar-challenge-1-xls-file
thank you very much,i read it when you brought it out.power of compounding interest.
i am just back online...had big problems the last few days and its not that easy here in the little village in isan to fix/organize something quick.have to catch up again..
cheers mate
That is actually very interesting. Didn't realize that just curating could also result in a compounding amount. The truth is actually much better, because curation is one of the worst ways to earn here. So all the other things compound much better. However, those calculations are harder to do.
Anyway, compound interest is amazing, made some posts about it myself.
This does not include any value increase of steem either. In 5 years the steem price could be considerably higher, let's say atleast $10,--/Steem.
Some speculate that we can reach 10$ by next year, lucky.digger, which I hope is true. For me this platform is an investment but also to learn and make friends. A triple win, will I leave all my eggs in one nest, nope too risky for me. Love this post, looking forward to the rest.
Price is what you pay. Value is what you get. What is 1 Steem really worth? I mean, what is it's real intrinsic value?
I see what you are getting at as I do not know steemits true value as yet. I know that due to your experience you are only interested in the tangible factors, which is wise. Steem fluctuates according to market value. Some food for thought, thanks. Will do some research and get back to you. Good shot. What is your thoughts on this as a possible Ponzi Scheme?
Crazy my good friend, I have a lot to say about this, very much. Please contact me via FB messenger if you have it? Or what do you suggest?
Catch me on steemit chat under same username.
FYI https://steemit.com/teamaustralia/@lucky.digger/million-dollar-challenge-1-xls-file
This post received a 2.0% upvote from @randowhale thanks to @lucky.digger! For more information, click here!
nice post! can I make one also with your picture? I will tag you! Thanks
A post with actual content! Upvoted. Thanks for taking the time to put this together. Table is really interesting but shows me that I have a lot to learn about how this works before it will make sense.
You have $1,-- on your account now. Your aim therefore should be, for now, find a way to get to $100,--.´as fast as possible. Good comments can sometimes reward more than good posts. Therefore keep up the work with comments, and build your "goodwill", those are your followers. Comments and followers will gift you will additional rewards. Good Luck!
Thanks @lucky.digger. I really appreciate the advice. Steemit is literally amazing, but not an easy place to grok for newbiew (that's me). Thanks again.
Just be the zombie you are, but remember work and discipline comes first. Your mission now is to get to $100,--. Steem up continously. Comment. Blog.
FYI https://steemit.com/teamaustralia/@lucky.digger/million-dollar-challenge-1-xls-file
Thank you!
Oh my goodness. What an incredible life you've had my friend. We can only keep moving onwards and upwards and learn along the way.
I'm definitely going to try this out. Im kind of excited. So that $100 is that $100 steem dollars?
Ps. Thanks for the mention :) and wearing your tags loud and proud. Go #teamaustralia! Go #teamphilippines!
Steem Dollars, yes. All the rewards you get, power them up, curate 11x a day. Try it and let me know if it works. I will be publishing my results for you all to follow. Given I stay healthy, and provided I still have access to a PC or whatever, I will pull this through until I reach 1M SBD. Let's see what happens. I am quite sure the community will change the rules and hard forks will not permit execution of this plan. But for now, let's just do.
Ok I think I get you! lol
Omg @lucky.digger my mind is racing with questions lol I have no idea what the compound thing is all about but if I get this right. ..
I recharge up to 100% voting power which should be around 5 days. And to do that I dont vote right?
Can I resteem? Cos I can't not show my people love.
And how do I find out what my voting power is up to? I go here but it's been weird lately...
http://www.steemdollar.com/dollar_per_vote.php?name=
Discipline. Make 11 really focussed votes a day. It will help to make side list so that you can keep track. Here is your voting power: https://steemdb.com/@bearone visit it to find where you are. When it is up to 100% then vote. I will publish an excel spreadsheet for download in my next post. You can use it to document where you are. A captain without a map and compass doesn't know where his ship is going.
You can also completely deplete your voting power on one day, distribute all your love. Then wait till you are recharged (after 5 days), then go again. Mathematically, it is more advantageous to vote everyday since your compounding period is shortened considerably then. I will compare the 2 variants as soon as I have real testing data. In the mean time I can only talk by the data I have collected on steemit and internet. However I need my own clean data derived by my own practice, it will then be mathematically correct.
Ohhh I'd prefer to vote every day than go cold turkey. I'm not built for that! :D
Thank you so much for your help and information. This is not something I'm familiar with but being on Steemit I figure I better learn. Thanks for helping me :)
Thought this may interest you? Nobody is making 3D badges yet... that are rendered to a short 3 or 4s animation. Sorry darling if I have now got your brains overflowing.
WOW.. Yes and No. I cant do 3D LOL
FYI https://steemit.com/teamaustralia/@lucky.digger/million-dollar-challenge-1-xls-file
I see it! Voted and resteemed my friend 👍
Have a nice week.
Great post @Ld, did you know that Albert Einstein once declared compound interest to be “the most powerful force in the universe.”Cheers mate.
Thank you @silverbug.
FYI https://steemit.com/teamaustralia/@lucky.digger/million-dollar-challenge-1-xls-file
The eighth wonder of the world - our future is secure! Upvoted and following you. Thanks
Appreciated, thank you.
Hi @lucky.digger - I have just finished my first 5 days and my SP is up by 1.69% and the majority of this came from author rewards rather than curator - are you sure about this 2% increase every 5 days?
Do a test vote and recheck your voting power. Also, be reminded that the value of steem has dropped considerably in the last week. On average you should be hitting 2%. I will be checking all these values in the coming weeks and months. Also your voting power should recharge by 20% a day (10 - 11 upvotes).
great post.
Our gold and silver community is growing with more key people joining. Check it out and resteem if possible:
https://steemit.com/steemsilvergold/@hgmsilvergold/announcement-steemit-s-gold-and-silver-community-is-growing
Thanks my friend, I like your community.
FYI https://steemit.com/teamaustralia/@lucky.digger/million-dollar-challenge-1-xls-file
Very informative article my friend! Thanks for sharing! I will mostly certainly have to resteem this!
I will be updating with my progress. This is the current file I will use for documentation: https://mega.nz/#!7UMC2LSS!4VVxek4jVf3vRGLp8mtEwtWQxE3gwoWr1QL-rwOHk1o
Brilliant!
Thank you @thedamus. I have more coming to this topic, I would be happy if you could also comment on my upcoming post.
But of course!
:)
FYI https://steemit.com/teamaustralia/@lucky.digger/million-dollar-challenge-1-xls-file
Thank you lucky digger, for this post and all its valuable information that you are sharing freely. I don't know much about investing, at all, but it seems that somewhere, despite so much manipulation by so many actors, money is still energy. When you give of yourself like this, to a group that is receptive, good karma and maybe an energy change can happen.
Sopa, thank you for following and your comments. I have more posts coming to this topic. Have a nice day.
FYI https://steemit.com/teamaustralia/@lucky.digger/million-dollar-challenge-1-xls-file
If other things are, this is very true. I love your thought. People should follow this method. For me, I will. Thanks again.
I will be bringing updates on this, have developed some tools for it etc.., will be giving links etc.. Thanks for commenting.
FYI https://steemit.com/teamaustralia/@lucky.digger/million-dollar-challenge-1-xls-file
Very interesting. There is nothing to lose by giving it a try anyway.
I will be posting more to this, just follow me if you want. No problem. Thanks for your comment.
Done.
FYI https://steemit.com/teamaustralia/@lucky.digger/million-dollar-challenge-1-xls-file
I'm confused. Is that $100 in SteemPower? because when you curate, you dont need to buy anything, so no need for cash.
Also, your table doesn't take into account dilution. 4 days ago my account was worth $50 in Steem Power and SBD. Today after doing nothing, it;s worth $46. Loss of 10%. So if you make 2% for working and lose 10% in dilution every 5 days, not sure how you will make anything.
Thanks for your comment. It's 100$ in account value. Don't worry, follow me and you will get the whole system including videos and an xls file to document your steps. For the time, just make sure you power up and try not to use an upvoting service like randowhale etc..
FYI https://steemit.com/teamaustralia/@lucky.digger/million-dollar-challenge-1-xls-file
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STOPGreat post @lucky.digger; though I was looking for this info on upvote on official Steemit page but was not able to find out.
No doubt compounding is magic if you keep adding interest to the principle without withdrawing any.
Though where did you find the 2% every 5day information? Just curious to know.
Also Is it necessary to have balance in SteemPower or is it the overall balance?
Thanks in advance. Cheers!!!
Following you now. I will be exposing more of my research and taking this concept home for the next 6 and 1/2 years, you will be able to follow all I am doing, including many other of my investment concepts that bring HUGE results through the compounding concept and non-traditional thinking. I will be posting my latest xls files for documentation.
Now to your question: The 2% were actually a value that I had researched through evaluation of many posts and awards observations. Now, please notice that I have achieved far more than that by not doing much. But if you are doing as good as only giving yourself 10 upvotes a day on your own comments such as "thanks" you should be making more than 1% per 5 days. Yes, you need to get your balance in Steem Power. Hope that answers your question?
Got you. Thanks for clarifying my doubts. I am following your posts from now. This one was really informative and equally motivational.
I will do my analysis on this too and will share my research and understanding to help others. Thanks for being prompt and sharing the file. Cheers mate!!!
FYI https://steemit.com/teamaustralia/@lucky.digger/million-dollar-challenge-1-xls-file
Thank you @steemking777, I will be posting more, you will receive my xls.files etc., no problem. Your remark is highly appreciated.
FYI https://steemit.com/teamaustralia/@lucky.digger/million-dollar-challenge-1-xls-file