We are not rolling in the money.
I am a fifth grade teacher. My wife is a minister. We roll in debt. We bathe in it.
Despite building careers were we try to help others; things are very tight financially. Yesterday, the starter on my car died. A 2010 Santa Fe, it was the first problem I’ve ever had with the car.
It had also just passed 100,000. That’s a $500 fix.
Our daughter has her fifth birthday next week and has been begging for a Chuck-E-Cheese birthday. Those aren’t free. (Unless you know someone, in which case, please email me.)
But yet, I've been making money on the side with Steemit. Some actual in my checking account money.
I have not talked to my wife about Steemit yet, because frankly I couldn’t fully understand it, or believe it.
My wife and kid getting eaten by debt as I tell them about Steemit.
“What do you mean I get paid to blog, comment, and upvote? What’s the catch? Where’s the money coming from?” Those were the questions I thought she was going to ask, but really they were my questions.
So after getting towed to the garage, I lost another set of keys in the process. That was a fun moment. Which really means, my wife was handling it well, I was not.
So with the kid taking a bath, and us chilling in front of the TV, I thought okay now is the moment.
“I have something I’ve been working on that I want to share.”
That’s how I opened the conversation. You know light and breezy.
“I’ve been working on something that has been bringing in a little money.”
“Okay, that’s good,” she replied.
So, then began the long explanation of Steem and Steemit. As we all know, that’s such an easy conversation to have.
I opened the computer to my wallet at that time it showed a value of just over $14,000.
“Are you telling me you have $14,000 in cash?”
“In cash? Not completely.”
“Where does the money come from?”
I spoke for several more minutes without any worthy explanation. (If you have been able to do this satisfactorily to your spouse, significant other, please explain in the comments.)
“I have not put any of our money into this. I have only put my time.”
“That’s good.”
“How long has this site been up?”
“I think since April or May.”
“So, you’re telling me you’ve made $14,000 in three months?”
“No, I’ve been on for three weeks. I’ve made $14,000 in three weeks.”
Blank stare for a moment, “Well, okay then.”
“But I have already transferred $108 into my checking, and another 200 and something is coming tomorrow. This pays me in actual cash.”
“That’s good.”
Our daughter yelled that she needed to get out of the bath, so my wife went to get her.
“So, does this mean we CAN go to the beach this summer?”
“Maybe. We’ll see.” I turn back to my computer.
Sweetie, in a couple of years we’ll own a house at the beach.
Lol. Perrrrrrrfect close of that post.
I've explained to my spouse. Read the white paper if you haven't yet. How to best explain to your wife depends on how your wife thinks. Mine just cared that the money converted into something that can buy groceries. If yes, then stop and keep going until you have more money for groceries. Rinse. Repeat.
Also, if it could help, more analysis of the platform: Steem Solved the Prisoners Dilemma
This post me me feel all warm and fuzzy, best of luck to you and your family.
Thank you, that actually makes me feel warm and fuzzy.
I can totally relate to this! lol
Now you just get her to sign up and you are golden!
This type of warm story is exactly what Steemit needs right now.
Its funny people who are not familiar with cyrpto currency dont get it until they see money on the bank statement. Good post!
Count me among those that didn't understand it until I spent money from it. :)
I have been following your posts good stuff. one of my hobbies is history and tech so ill be posting more about that.
Thanks! I tend to post all over the place.
I explained it to my wife by the creation of a social media platform to stabilize the currency value of Steem, which is being paid out for content creation and curators paid for by investors buying the currency.
But you knew that. My wife, like yours is in ministry and is smart and so she understood it.
Or is faithfully trusting.
When explaining the difference between getting paid in Steem Dollars and Steem Power, she replied "So it's like putting into your retirement account and your checking account."
I paused and said "Actually that's a good analogy." I should have added that to the post.
@mctiller you have a sharp wife and great optimism. Thanks for all of the posts using analogies for those of us new to cryptocurrency. Keep it up!
Martin, that is exactly how I broached the topic of steem with my husband. I waited a while too - difficult to explain. He has seen me abandon ideas and projects once too often. I get the bug and collapse. This is different. The money is a side effect. I am producing. And being rewarded. I'm still in shock about that. His reaction was much like your wife's. :)
I've been trying trying to explain Bitcoin and other digital currencies to friends for sometime now. Most think I'm nuts and that it's all a scam. I own Bitcoin but never spend it so no one ever actually sees the fruits of my labor from all the time I've spent leaning about it. It's just sad to see a lot of my friends just brush this stuff off when they are the ones that really need it the most. Steemit is the first thing that I've come across in the crypto space that I think will hit at a ground level. It has a very low barrier to entry and I think it has revolutionary potential to change lives.
House at the beach, now that's the kind of thinking I like to hear about. I am just starting out on steemit and am enthralled at the possibilities. I think one of the aims I definitely have for myself is a house at the beach!
Yes! House at the beach!
I'm in awe a what steemit is doing... It really is fantastic.
hahaha good story
Similar to SP, SMD tokens cannot be purchased directly on an external exchange. SMD are primarily earned through contributing but can be purchased by converting STEEM tokens to SMD tokens.
Actually Steem Dollars can now purchased on external exchanges !
https://poloniex.com/exchange#btc_sbd
https://bittrex.com/Market/Index?MarketName=BTC-SBD
PS Abbreviation of SBD = Steem Backed Dollars
or just SD = Steem Dollars (not SMD please edit)
Awesome post, good luck with it, I hope to get the house by the lake with mine!
Sad fact, I'm nowhere near 14,000 LOL
thanks for explaining the process how to tell your wife what you were actually doing in front of the PC. My story is not going to go so well - I don't have $14,000 to lure her... Maybe a prayer from the minister.....?
Good luck to you! I think we are all here to get experience being steemiters:)We are here steemit!!:)
I don't know. She wasn't that impressed. Probably because we paid off our student loans, credit cards, and put a down-payment on our house using that other magic internet money years ago. This just isn't all that new.
The money comes from the value created by the community as a whole, and the trust in the community. If you think about it, what is money? Money is merely a token of exchange. As long as both parties making a trade recognizes the token, trades can be successful, and it is "money".
As steem gets bigger and bigger, more and more people will recognize the Steem currency, giving it real value.
I love your CD's, Checking, and Savings analogy! I'm going to have to reference that.
The only thing that seems to breakthrough so far for me is that steemit is a community for consuming information like pinterest (my spouse's favorite) , except for it does not have one centralized individual or group that profits from its success. The users of the site profit from their really good "pins".
My spouse then promptly told me that if she could get paid for her pins on pinterest, she would be on it 24/7. As if she is not already :)
Actually, most of my posts are reformatted and updated blog posts from my own site. She could do something similar on here.
I think just get your wife to read this post and she'll understand about as well as most people here.
Best of luck to you and your family. Hope you continue to be as successful with Steemit!
When you told your wife you earned +$1000 on steemit
First of all congratulations for your results (both on steemit and on the explaining field :D).
I have a curiosity, may I ask you a question? You can also not answer it, if you think the answer should not be shared (for any reason).
HOW did you get to $14,000 in three weeks on Steemit ? :O It's an AMAZING result!
Hope to hear from you soon, and congrats again!
Most of the value comes from the increase in the value of Steem. When I started Steem was at 25 cents, its now around $4. Another way to think of Steem Power is as stock options. Those options increased in value. You can see my posts and the payouts on each post. Plus you can see my wallet and see my Steem Power and money. Thats part of the cryptocurrency deal. Its all public. You can still make a lot of money. This thing is still in very early stages. I recommend posting everyday and making sure the content is original. Thank you for your comment.
That's amazing, thanks @mctiller. Does that mean that if Steem goes on like this (and I hope it will) in 3-4 more weeks the 5.2 Steem Power I've got right now (and I hope I'll have more in 3-4 weeks) will be worthy MUCH MORE than 19 USD? :D
Thank you for the answer!
Me and my hubby know so much about the debt problem is took over our life for a good 20 years hopefully in 5 years time we will be debt and mortgage free that's if nothing comes along and ruins it as it usually does. Am i getting to excited about steemit? at the minute i am lost in all the information.
I love it! Good for you!
Thanks for sharing. As for the hard question, there is a Simple answer - money comes from investors or speculators who are buying STEEM from you on exchanges.
But why do they do it? - Because they believe STEEM will cost more in the future, i.e. they believe that the platform is undervalued.
So far, there seems to be more interest in buying than selling, so we have a rapid rise in price. But she should understand that even though the price can and will go both ways, there will always be someone willing to do a trade.
Good luck with the beach house! :)
https://steemit.com/steemers/@livetofly/addicted-to-steem-you-need-to-see-this
It seems to me that your wife has a longtime disappointment of financial under performance. if you are really in debt this much then forget about going to the beach.. fix your debt issue first. I think your wife needs a lesson in finances. I now know why you guys are in debt. COLD HARD FACTS
EXPERIMENT¹ https://steemit.com/steemit/@site/lets-go-to-count-and-see-what-happens-experiment-on-steemit?sort=trending#comments
Post or reply next number on the list.
Thank you!
Hm, both of you have a job, and you're swimming in debth? I guess you don't need steem, you need to reconsider your spending habits. But after all - best luck!
Awesome! The beach is the place to be, hope you can go! ;)
