Showing posts with label Midas. Show all posts
Showing posts with label Midas. Show all posts

Tuesday, August 21, 2007

New strategy implemented

As you can see from the "My present balance" summary on the right hand side, I did start according to what I defined previously. The deposit by Midas was ok, except that for this week they pay 0.11% daily, instead of the 0.20% I mentionned. So this will bring only 11 L$ a day, but that's easy money.

I mention the APEZ deposit, even if it's empty for the time being. I will start to fill it up next saturday, with the first Midas interests. The plan is to do the transfers from Midas to APEZ on the week-ends, as kind of a standard procedure.

Some of you may question how I got 10'000 to invest in Midas so quickly. That's a good question, and its answer is simple. Someone from the group, which is also a freqent blog reader, kindly gave me this money after he saw the results of my loss by Ginko.

So I want to warmly thank this sponsor, because without him restarting with the new strategy would have been longer. In fact I would have had to gather the 10'000 L$ again by camping and other activities.

I'm also working on the shop where you will soon be able to get some items from JohnLight's advenutres for few Lindens. I'm also envisaging a donation box, as a very easy way to earn some additional Lindens. More on this later

Monday, August 20, 2007

Here we go again - My new strategy

General guidelines
After days of thinking, I finally decided how to go on. First of all, the goal of this quest remains unchange: "Earn 1'000'000 L$ with no or minimal effort". I hesitated to remove the "no", but I will finally keep it.

Defining minimal however was not so easy. I first tried to define a list of "acceptable" activities, but given the large number of opportunities, the smarter way to define minimal effort is by the time dedicated to it. I'm now convinced that camping only is no longer a good strategy given how limited the camping possibilities are now.

So the best way is to define minimal effort as follows: being in SL passively in parallel to other internet activity, and actively not more than one hour per day, as an average. This is to protect my social life. Another important point is that I won't invest any real money in Second Life.

This new strategy leaves me a high freedom of ways, so here is now how I expect to earn money now, apart from camping.

Camping
Most of my income will probably be from camping. Even if I stop overnight or overday camping, except if I find a dead good spot, I maintain the 30 L$ daily objective.

Banking
I will put 10'000 L$ by Midas Bank. This should produce 20 L$ daily in interest. To avoid having too much at risk and go through the same issue than with Ginko, I will withdraw the interests weekly.

Group
The "Free Money from JohnLight" group is still active, and I will continue to animate it, and share my best money making tips with the members. I raised the joining fee to 15 L$, and I will maintain it at this level for now. It will no longer depend of my balance. I chose a fee of 15L$ so as not to be unfair with the current members who paid from 1L$ to 15L$.

And yes, I still plan to give the 1'000'000 L$ to one of the group members at the end, but not via a lottery as this is illegal in Second Life now.

Gaming, lucky chairs and other
To make life a bit more risky, I will re-start gaming where possible, and spend some time looking for lucky chairs. I don't know if the number guessing systems are still active, but if yes, I will certainly use them again.

Creating and selling objects
During my in-world travels, I gathered tons of objects I don't use, including the polynesian tattoo, and the famous black dress JaneLight got from Platinum. As I don't use them, I will put all of them on sale.

You will then be able to support my quest by buying some objects I colleted. And I could even create some of my own goodies, and sell them... more on this later...

Here we go !
I will update the strategy and ways to earn Linden Dollars easily as the process will go on, so stay tuned, Chapter 2 of JohnLight's adventures is starting... now !