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TIP$

#113050 Posted on 2017-07-07 10:45:40

How on earth do ya'll have like 20,000,000 dollars?I'm over here with 10,000. Tips?


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HoofBeatz
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#113055 Posted on 2017-07-07 11:09:21

If you're not artist:

Save a lot. Don't expect to get 20mil overnight, my 20mil came from years of hard-working. I won't recommend you to start any type of new project with foundation horses. Those projects cost a lot of money so avoid starting a project with bunch of foundation horses until you have plenty funds. In my first few years, I focused on breeding quality lined horses and selling them. I would purchase my horses from several good breeders and begin to train them and breed them. If you do it right, you can easily sell foal for at least $100k. That's how I earned majority of my funds. After that, I set a budget and stay firm with it to ensure that I will earn profits every month instead of losing money. Oh yeah, do not buy arts. I saved so much money in last few year because I've stopped buying arts.


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Bye
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#113056 Posted on 2017-07-07 11:11:02

showing and riding schools currently net me around 15k a day
selling foals and offering studs/broods also brings in less frequent money, but it's in much greater amounts.

i also use RL money to purchase credits in bulk and sell them for EVD, which is how i made the majority of my money.


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#113058 Posted on 2017-07-07 11:19:11

-Games Everyday

-Fountain Everyday

-Junkyard Everyday

-Interest Everyday

-Focus on good quality, no inbreeding, no broken lined, overbred horses

-Avoid the art forums at all costs

-Snatch up good finds from the RC

-Offer quality horses for stud (high stats, high conformation, rare color, markings, etc)

-Riding School and Showing

-Hoard rare items and then sell at bulk

-Enter club contests/giveaways/ etc

EDIT; Avoid credit sales as well; credits are worth 50k and most people are ripping you off by selling them at 60k-100k+, post that you're looking for credits at 50k- members will still sell them to you at the correct price IMHO

Last edited on 2017-07-07 at 11:21:24 by Zest


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#113060 Posted on 2017-07-07 11:27:56

Also, since you're deluxe you have a stable. Perhaps invest in a few more arenas when you can, once you start to get over 100k+. I create 200 shows per day, and I make 150-200k per month off of show entries alone.


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ilove-horses
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#113079 Posted on 2017-07-07 13:18:56

thank you everyone for your input! I will defiantly be doing those. Thanks for all the tips!


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#113083 Posted on 2017-07-07 13:46:31

Also, as an extension of the bank interest thing, keep the majority of your money in the bank rather than on-hand. You only earn interest on money that is in your bank account, so keep as little on-hand as possible so the majority of what you have can earn interest.


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#113086 Posted on 2017-07-07 13:48:15

oh thank you! I will put my money in the bank right now! 


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