How I Got Rich...In 21 Days
Ollivander
♫ Gold, Gold, Gol
😛We like Gold in Bars
Day 1
My Birthday!! I did all the missions/noob stuff and leveled to lv.3 (2 Gold) I sold the 160Q1 food from the Plato comp for 104GBP and purchased just enough food to fight 5 times. I had about 180GBP at the end of the day (120 from work+60 from sale of food)
Day 2
Same routine on this day, except I kept the Q1 food and used the money from Day 1 to purchase tanks. I managed to level up to lv. 10 ( 9 Gold) through constant activity and energy bars.
(Tip #1: I SAVED my leveling-up gold - no health packs)
Day 3
Day 3 was the most important day. I did the same thing as I had on Day 2 and leveled up to lv. 14. It was then that I found the UK Government Land Grant Scheme on the eUK forums and was given 1,500GBP to build 3 Iron Companies. I was then able to sell the 168 WRM for about 60GBP.
So, on day 3, I had the 3 Default Grains, 1 Default Q1 Food, 3 Iron Comps, AND 13 Gold. With those and my regular job, I was earning about 280GBP a day, or .5 gold. (With Food and weapon costs factored in, I actually only made 100GBP that day)
Day 4
Another Extremely Important day. I leveled up to lv. 15 and was able to sell my gold for GBP. I sold the 14 Gold I had saved and purchased 3 Oil Rigs. With these Oil Rigs, I was now producing around 500WRM a day which I was selling for about 180GBP.
(Tip #2: Oil Rigs and Iron Mines are the fasting returning investments in WRM and are ideal for new players. Also, 1 Oil Rig = 2 Iron Mines)
At the end of Day 4, I had the 3 Default Grains, 1 Default Q1 Food, 3 Iron Comps, and 3 Oil Rigs. With the sale of the Q1 food, I was earning about 400GBP a day, or .6 Gold. Not bad for four days.
One of my many Iron Mines
Day 5 - Day 18
Starting on Day 5 through about Day 18, I went steady, earning about 400GBP/day and fighting and leveling up. As much of my money was going to food and weapons, I wasn't actually saving much of what I earned (something I now regret) I did go on an 8-day vacation in RL where I two-clicked and fought a little each day, but nothing much. I did manage to upgrade my town hall to lv. 2 in this time. All in All, during these two-weeks I spent pretty much everything I earned.
(Tip #3: Don't spend all your money every day like I did)
(Tip #4: KEEP SAVING THAT GOLD)
Day 19
Insanity and Capitalism Ensued. By now, I had 6 Gold from leveling-up. I sold it and used the money to purchase another Oil Rig. Then, through the amazing Emergy Maxfell and a new Loan program, I borrowed 10 Gold from the Bank of England which I plan on paying back with medal gold. I used this gold to purchase a Q1 weapons company which was useful for: a)Earning more Moolah. b)Making a Necessary upgrade to my town hall.
On Day 19, I had the 3 Default Grains, 1 Default Q1 Food, 3 Iron Mines, 4 Oil Wells, 1 Q1 Weapons Company, and a Q3 town hall. Now, I was earning 500GBP a day, or 1 gold. Very good for being 19 days old.
(Tip #5: USE ALL THE RESOURCES AND PROGRAMS AVAILABLE TO YOU)
Day 20
Borrow, Borrow, Borrow. On Day 20, after a lot of exhausting planning, researching, and calculating, I was ready for my master plan. Once again, through the Amazing Emergy Maxfell, I borrowed 10,000GBP from the Bank of England and another 3,000GBP from elsewhere. With these funds, I purchased 4 Oil Wells, 1 Iron Mine, and 1 Extra Storage. Sound Crazy? Don't worry, I've already calculated that my debt will be completely paid off in 20 days.
Anyways, on Day 2O, I had the 3 Default Grains, 1 Default Q1 Food, 4 Iron Mines, 8 Oil Wells, 1 Q1 Weapons Company, and 1 Extra Storage with a Q3 Town Hall. All together, I was earning 690GBP a day, or 1.2 Gold. Extremely Awesome for being less than 3 weeks old.
(Tip #6: Emergy Maxfell is Santa x2)
(Tip #7: Loans aren't a bad thing)
(Tip #8: MAKE SURE YOUR MATHS ARE CORRECT)
(Tip #9: Don't forget storage costs)
Loans aren't a bad thing, just do your math right.
Day 21
Stabilized. 690GBP a day. (AKA 1.2 Gold a Day) While I won't be keeping my earnings for a little while (13,000GBP and 10 Gold in debt), I'm financially stable and am earning a small fortune. All in three weeks time.
(Tip #10: Always think ahead, just not too far ahead)
[EDIT: The reason I decided to borrow money rather than save up was that I would have lost over 4,000GBP in possible earnings. My calculations showed that it would be better to borrow and earn 40% more rather than save up for an extra three weeks. A difference that added up well over 4,000GBP (AKA 8 Gold)]
Also, a common mistake among new players is making Town Hall upgrades their first priority- While a higher level town hall is necessary later in your eLife, It will be a lot easier to upgrade if you have a solid income base first. At the moment, a Q3 town hall is all I need, but in the future, when I plan on actually using orchards and a Q2 Food Company, I'll upgrade it. Sometimes it's good to stay in the present.
Idea Recap:
-Save your Gold From leveling up
-Upgrade Town Halls to needs - Don't make it a first priority
-Level 2 Raw Material (Orchards and Oil Rigs) are the best early investments for new players.
-Ask for advice and occasional help from an older, more experienced player- they're usually very friendly and helpful.
-Always use any resource available to you. The eUK is an amazing place for company owners - you just have to apply.
-Do your math
-GO HERE IMMEDIATELY: http://forums.erepublik.co.uk/viewtopic.php?f=588&t=69526 (It's free Iron Companies, remember what I said about resources?)
-Remember, things take some time - you won't become the next erepublik Bill Gates in just one month. In the mean time, you can always get involved with the community
😃. Erepublik isn't all about business.
My Lan
😛http://economy.erepublik.com/en/land/overview/5005649
____________________________________________________________________________
Resources: (eUK only, sorry- perhaps you should contact your own government and ask about them starting a grant program
😃)
-Free Iron Mine Grants
-Bank of England Loans
-When Applying for a BoE loan, make sure to have already done the math and be prepared to give a detailed plan for repayment.
____________________________________________________________________________
In conclusion, I didn't write this article just as advice or to brag (I am by no means a financial expert like Keers or Emergy: this is just the path I took and it seems to have worked)- I just wanted to show all players, new and old alike, that wealth is not unattainable. That, if you have a plan and a strategy, you will succeed!!!
Ollivander
[Writer's Note: I am an older player who was actually banned for a while and decided to start anew, so I'm somewhat experienced and with friends rather than fresh. Also, none of what I've done would have been possible without Emergy Maxfell, so a big thanks and appreciation goes to him
🙂]
Comments
Very nice!
Also Emergy Maxfell needs to be knighted for being an absolute saint and consummate gentleman o/
You're welcome mate! Voted as always (:
Government programs like Free Iron Companies for new players are designed to do exactly what you did with them. Help new players create wealth for themselves, expand our economic player base, and increase the amount of WRM in our marketplace. If you're a new player and would like the government to help you construct Iron Companies on empty spaces of land, come read the details here -
http://forums.erepublik.co.uk/viewtopic.php?f=588&t=69526
Great Guide!
vote voteee no.7 ...😁 and sub...no.2 ..🙂
Great Article, well worth the read.
Voted
http://www.erepublik.com/en/article/so-you-got-rich-in-21-days-look-how-i-got-rich-in-1-day--1842701/1/20#comments
Dont forget medals 😃 that should help to pay off your loans, you o a total of 36 gold, "about"!! so 10 gold from hard worker and the SS medal and you o 26 at 1.2 a day it should be about 21 days, if you dont spend anything!!!!!! as you sound like me and cant resist a good fight then you will probably be saving 0.5 gold a day and so it will be more like 1/2months which is fine because you should also receive rewards from more missions and more medals.
Dont think about saving everything you can untill you really need too, if you are over budget or are going to be over budget just keep building as much as you can 😃, good luck
Glover
voted
Thanks James Glover!! Yeah, I plan to pay off the 10 gold part of my debt with medal gold.
Wait until you realise you want to be strong and start spending 2g per day on training 😎
I dislike this method, people seem to take a shortcut and steal money from banks. Easy and quick.
@tomazim, yeah I know. What I've done though, is created a strong income base from which I can only go up. My next plan is to get a Q3 Food comp and Rubber plantations
I am selling 2760 WRM per day, using 1000 wellness of food per day on myself. Saving something crappy like 0.5g each day + medals for new companies. I do wish that I went for pure income earlier, but back in V1 it wasn't as simple as this.
v+s
\o/
Oh god, I remember v1- I could only fight 5 times a day and only in london. Always afraid of dying. Took like 3 months to get to lv 20
о7
So there are still people who do something other than fighting ;o. Good to know.
I thought this was going to be an ePonzi scheme.
Good article. v + s
Astral Macedonian I love you
greatmoff I'm still laughing
Nice one Olly, great guide for new players if they need it 🙂
o7
nice article and very nice method 🙂 . I just hope someone will help me with so I can do the same thing :/
This is a pretty good guide... to bad I'm not in UK, but I had a grate start.
I'm not to old and right now I have the default companies, 1x Oil Rig and 1x Aluminium Mine. I fight 40 times a day, which is 400hp or 200 Q1 bread. Since I'm in Poland, I produce 200 Q1 breads, so I've got that covered. I also train with the Climbing Center so in less than 20 days I'll have both HW and SS medal, that's 10 gold. I keep the money I earn from my job, that's about 150PLN a day, so at the moment I have 930 PLN, plus I have around 2300 WRM. I'm storing it for a while, waiting for prices to go up and than I'll sell all of it and hope that's enough to buy a Saltpeter.
After I build the Saltpeter, I'll have to calculate some stuff, so I'll see where the road takes me : )
@anackyst
Thanks!! What you have right now is pretty good, I suggest using the money you'd spend on a saltpeter mine and using it to buy 3 Oil wells-you'll produce more and you'll gain more experience.
Well done OilyFox o/
Best article in at least 3 months ^ _ ^
v+s+shout
good comment from Altaiair😕o/
Thanks, I'll do that.
http://www.erepublik.com/en/newspaper/macedonian-times1-258307/1
Sub here..
voted : )
great. vote.
good article
voted.
nice article
v+s
voted
How do I sell WRM?
Great article, v+s