Blog Banter #16 – Financial Survival

Welcome to the sixteenth installment of the EVE Blog Banter, the monthly EVE Online blogging extravaganza created by CrazyKinux. The EVE Blog Banter involves an enthusiastic group of gaming bloggers, a common topic within the realm of EVE Online, and a week to post articles pertaining to the said topic. The resulting articles can either be short or quite extensive, either funny or dead serious, but are always a great fun to read! Any questions about the EVE Blog Banter should be directed to crazykinux@gmail.com. Check out other EVE Blog Banter articles at the bottom of this post!
The third Blog Banter of 2010 comes to us from ChainTrap of the Into the unknown with gun and camera EVE Blog. He asks us: “Eve University turns six years old on March 15th; six years spent helping the new pilots of New Eden gain experience and understanding in a supportive environment. Eve is clearly a complicated game, with a ton to learn, so much that you never stop learning. So, the question is; What do you wish that someone had taken the time to tell you when you were first starting out? Or what have you learned in the interim that you’d like to share with the wider Eve community?”
It’s joked about a lot, but at the end of the day, survival is about one thing; profit. Without proper finances in place, not a one of us moves forward. There are many ways to profit in this universe for a capsuleer: agent work, ransoming, mining, manufacturing, scientific research, market trading, exploration in regular space of wormhole space, killing other pilots and selling what salvageable parts remain from their ships; and those are the non-creative ways.

I remember when purchasing my first Rifter, fit with T1 guns, thinking there was nothing I couldn’t accomplish, but also wary of losing such an expensive ship. It still hadn’t sunk in just how much isk a Capsuleer was capable of earning.

As time went on, I lost that first Rifter, then another, and another. Eventually I came to lose ships of all sizes, showing red in the books in excess of billions. In order to have lost billions, I must have made billions.

I was fortunate. I had a contact who used my initial investments in the market to profit for me. It funded my war effort, giving me the ability to push against the “divine” Amarr war machine for years.

Ultimately, whatever your goal, whatever else you may learn during your existence in New Eden, you need to profit. Without that, might as well go back to being a civilian.

As for imparting wisdom? Buy high, sell low.

List of Participants
  1. CrazyKinux: The Three Pillars of Wisdom
  2. The Elitist: Helping the new guy/gal
  3. Hands Off, My Loots: Nothing Needed
  4. Rantuket: Blog Banter 16
  5. EVE Opportunist: Nooby Cluey
  6. Into the Unknown With Gun and Camera: EVE University
  7. Zero Kelvin: We’re the young ones!
  8. I am Keith Neilson: Set Your Destination
  9. Prano’s Journey: Just Like the Very First Time
  10. A Merry Life and a Short One: No Seriously
  11. Yarrbear Tales: Nublet 101
  12. A Mule In EVE: If I only knew
  13. The Planet Risk Show: Dared to be Bold
  14. Diary of a Space Jockey: WTH did I get myself into?!
  15. EVOGANDA: Why?
  16. A Memoir From Space: 16th Blog Banter
  17. Death’s Sweetest Kiss: Who What When Where Why How??
  18. Freebooted: Beyond the Shortcuts
  19. Learning to Fly: Noobing
  20. Caldari Outcast: My First Blog Banter Post!
  21. More to come soon…