Good morning Splinterlandians!
Rental Income is one of my main targets this year because it is like having a money printer - well... it's more like a business... but money printer sounds more fun 😄
I've been tossing different ideas around and I finally landed on the one I think will work best.
Let me show you something mind boggling powerful and fundamentally incredible that we all know but almost none of us DO...
Goal and Overview:
Goal - increase Rental Income by $10 per day
Overview - the power of compounding exponential growth is truly staggering and can be life changing when implemented properly...
Buuuuut... it's neither flashy nor fun... in fact... it's pretty boring... and repetitive... so almost no one does it 😐
However... Let me use my previous post as an example, use todays prices as the metrics and show you, mathematically what happens with a little focus and application of exponential growth...
Previous post, Rentmonsters ep1:
@captaindingus/rentmonsters-episode-1
Current prices:
1k DEC: $.798
Arachne Thug BCX: $.33 (yesterday $.40)
Arachne Thug L3: $.33 * 14BCX = $4.62 ($.40 * 14 = $5.60)
RoA% of Thug: 180%+ (steady at 150%)
Avg DEC earned per day by a L3 Arachne Thug: 30
Ok folks the stage is set... are you ready to visually see how insanely powerful the exponential growth function can be?
Please take a moment as we prepare... and ask yourself: "how much money per day do I want to make with Rental Income?" (save the answer for later)
First... I am very, VERY fortunate to live in America, have a decent job (two of them) and have extra money to invest into things like this...
The reason I love the Rental Market is simple: in the real world, to earn Rental Income, you typically need a property... which usually costs a LOT of money...
With Splinterlands, you can start with just TEN USD (or your own local currency)... from there, you can start compounding gains.
The example we are about to see requires about $5 USD per day (to start) but can be done at ANY SCALE - it just changes the TIME FRAME...
Finally - I am only going to show you SIMPLE GAINS... That's right, I'm not even going to show you what happens when you realize COMPOUND GAINS!!!!
Drum Roll Please...
Exponential Growth and the Rental Market:
Here goes...
Starting on Day 1, I will spend $5 on a Level 3 Arachne Thug.
I will do this for 365 Days... and show you the Returns of this investment over the course of the project at 1, 100, 200, 300 & 365 Days.
This will just reflect the $5 I put in each day and WILL NOT REFLECT REINVESTMENT OF THE PROFITS TO COMPOUND THE GAINS... (that's super fucking important to understand)...
I will hold all values constant (although that won't be true irl, they will avg out)
Day 1:
Investment to date: $5
Cards Owned: 1
DEC/d: 30
$USD/d: $.024
Collection value: $5
Income per day % compared to L3 Arachne Thug COST ($5): .0048
Ok... Day 1... $5 invested... earning 30 DEC per day... or roughly .005 Arachne Thugs per day...
A measly two and a half cents per day... $.024
Womp womp... Well that seems STUPID right? I spent $5 and only get TWO CENTS back... ughhhhhhhh... lame.
YES. IT IS LAME... Until... you apply the sands of time...
Fast forward to day 100:
Day 100:
Investment to date: $500
Cards Owned: 100*
DEC/d: 3,000
$USD/d: $2.40
Collection value: $500
Income per day % compared to L3 Arachne Thug COST ($5): .48
Yaaaaaaaawn... Booooori---WAIT... WHAT?!? 👀👀👀
At only $5 per day (all things remaining constant) 100 days later our project earns THREE THOUSAND DEC PER DAY?!?
Card wise, when compounding, at just 100 days in... we get an EXTRA CARD every other day at this point!
The Asterisk (*) next to Cards Owned is because you will have MORE than 100 should you choose to reinvest your rental income and compound the gains you earn!!!
Cash wise, we are earning over TWO DOLLARS PER DAY!!
If you haven't realized that's just what happens when you multiply the initial values by 100 I have a mirror I need you to look in...
However... THAT IS THE FUCKING POINT!!!!!!!!
I don't know why... but for EVERY SINGLE PERSON that I have EVER met... there is a DISCONNECT between Day 1 (lame) and Day 100 (holy shit!!!)
That's why this visualization is so important!!!
Moving forward to day 200...
Investment to date: $1,000
Cards Owned: 200*
DEC/d: 6,000
$USD/d: $4.80
Collection value: $1,000
Income per day % compared to L3 Arachne Thug COST ($5): .96
FIVE. DOLLARS. PER. DAY... and after 200 Days... we are looking at a pretty stout set of figures...
$1,000 collection at this point...
6k Dec/d - that's not too shabby!
Almost $5 per day income... READ. THAT. AGAIN.
At Day 200... your income will equal (or surpass with Compounding) what you INVEST... JUST TWO HUNDRED DAYS!!
At this point, your minions will be earning enough to add another one of themselves to the ranks EVERY SINGLE DAY...
Fast forward to what should NO LONGER BE BORING... Day 300:
Day 300:
Investment to date: $1,500
Cards Owned: 300*
DEC/d: 9,000
$USD/d: $7.18
Collection value: $1,500
Income per day % compared to L3 Arachne Thug COST ($5): 1.44
We are now looking at earning over $7.00 per day... not even a year in... not investing THOUSANDS of dollars at a time... Just $5 per day... With a GOAL in mind...
To end this WILD journey... lets look at the one year mark... Day 365...
Day 365:
Investment to date: $1,825
Cards Owned: 365*
DEC/d: 10,950
$USD/d: $8.74
Collection value: $1,825
Income per day % compared to L3 Arachne Thug COST ($5): 1.748
This should be absolutely cooking your noodle right now... Your brain should be simmering in it's cerebral fluid...
For five bucks per day invested and NOT COUNTING reinvestment for Compound Gains...
Look how POWERFUL exponential growth can be!!
Day 1 vs Day 365
Day 1: $5
Cards Owned: 1
DEC/d: 30
$USD/d: $.024
Collection value: $5
Income per day % compared to L3 Arachne Thug COST ($5): .0048
Day 365:
Investment to date: $1,825
Cards Owned: 365*
DEC/d: 10,950
$USD/d: $8.74
Collection value: $1,825
Income per day % compared to L3 Arachne Thug COST ($5): 1.748
If that doesn't motivate you... I don't know what will...
If you say "I don't have $5 per day"... That's fine... GO FIND OUT HOW TO HUSTLE UP $5 PER DAY!!!
YOU THINK THAT EVER STOPPED A FUCKING CRACKHEAD FROM NOT GETTING CRACK?!?!?
DON'T GET OUT HUSTLED BY A CRACKHEAD!!
You can apply this to any card, any asset, LITERALLY ANYTHING...
PS - PLEASE DO NOT BUY ALL THE ARACHNE THUGS IT WAS JUST MY EXAMPLE...
If you DO go buy all the Arachne Thugs... I expect to be TIPPED in Arachne Thugs at my IGN of 😄
I hope that enlightened you... now go forth and start growing that rental income!
Cheers 🍻,
- CaptainDingus