How to Handle a Windfall of 1000 Steem

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1000 Steem Surprise in my Wallet!!

Ha. Don't get too excited my friends! It is not there. But one day, maybe, it could happen. It could happen to you! Are you ready? That is the question @dragosroua was asking in today's part of his 30-day writing challenge.

Here it is: If You Will Get 1000 STEEM Tomorrow, What Would You Do With It?

To join, go to his blog and find out what to do by clicking here

  • First, I obviously would jump for joy a little bit - okay, I lied. I would do it a lot!!!

  • Then, the next step is to make a big long list of all the people who have either helped me on my Steemit journey or are frequently commenting on or upvoting my work. This will take a little bit of time since I also need to check and make sure that all these people are still active on the platform.

  • Another list of all the freewriters is next. Again, that list needs to be checked to see who is still active in that initiative.

  • Once those 2 lists are in place - I am thinking that it might hold 300 names or so - I will take 300 steem and sponsor everyone into the Steem basic Income initiative. This benefits everyone, including me. Every member gets an upvote according to shares in the project - forever! So, I was able to gift my 300 peeps an upvote on all their posts and myself with a much larger upvote which will help me grow my account and keep spreding the upvote love.

  • The remaining 700 SP are going to get powered up. 200 of it will stay in my account to increase the value of my vote. The rest gets delegated out as follows

  • 100 SP to the @freewritehouse so we can do more awesome projects there to support the freewrite community.

  • 100 SP to @thealliance because that group is so supportive and @enginewitty is often buying delegations from his own pocket. The more members are delegating, the better for all.

  • 100 SP to @thundercurator because they support the minnows on this platform - and for income for me.

  • 50 SP to the @museproject because I believe in what they are doing.

  • 50 SP to the MAP project or whatever @rycharde wants to use it for. They helped me move ahead in this big ocean of steemit when I first got here.

  • 50 SP to @steemcreators because I.J. and the crew have big plans to help us all to prosper on Steemit and bring the movers and shakers together.

  • 50 SP to the qustodian bot which is a project of the Qurator. It will bring income and with that, I can build up for the next delegations to go to the Qurator and SBI

And maybe I will change my mind and delegate to the Qurator and SBI instead of keeping the 200 to increase my voting power. I will earn a bit with the bigger vote from SBI and the bot income to soon increase my SP holdings and voting power.

The main reason to keep the full 1000 Steem on Steemit is that I don't know a lot about crypto trading yet and don't have time to really get educated. I am working on that, but am not quite ready.

I would not cash any of it out into fiat but rather use it to increase my daily income. If I really need the money to pay bills, I can use the increased earings to convert into fiat.

That is the plan. Ready. Set. Go. Now, I just have to wait patiently for the Steem to appear - or do my best to earn it myself.

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