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Monday, May 30, 2011

Money Management: Tips, Advice, and Why You Need To

Entropia is a lot like the real life. If you want to do something you have to budget for it and if you want your balance to grow, then you have to use care and caution to nurture your balance and it's growth. the basis of this post is, it is easier to save your way to a fortune than to win a fortune!

The number one tip I can give you is to take a few percent of every loot you get and pull it off your ped card and put it into storage. Over time if you don't touch this you will have a big pile of Peds. The idea is to save at least as much as mindark is making off of you. Very soon... Sooner than you think, you will realize you have enough peds to buy a shop or maybe even a land area!

If you budget 100 peds for a hunt, keep track of all costs so you can see what percent you got back... I would say any returns over 80% are good and at that point maybe run again or do something else. Split your profits and save some of them too.

Get every last pec you can out of things you loot and sell... Every extra pec you get is one less pec you eventually might have to deposit.

I do not advise buying things you don't need.

Do not over pay for something if you can get it cheaper elsewhere.

The only guaranteed profit is in trading or owning land. Crafting can be profitable but see my next post for details on why I say that!

If you save peds and don't touch them eventually you can buy whatever you really want even land! If you keep cycling all of your peds, eventually MA will get them!

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