Ecoer Logo
VOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS0.00%
Net Worth
0.000USD
STEEM
0.002STEEM
SBD
0.000SBD
Effective Power
3.425SP
├── Own SP
0.000SP
└── Incoming Deleg
+3.425SP

Detailed Balance

STEEM
balance
0.002STEEM
market_balance
0.000STEEM
savings_balance
0.000STEEM
reward_steem_balance
0.000STEEM
STEEM POWER
Own SP
0.000SP
Delegated Out
0.000SP
Delegation In
3.425SP
Effective Power
3.425SP
Reward SP (pending)
0.000SP
SBD
sbd_balance
0.000SBD
sbd_conversions
0.000SBD
sbd_market_balance
0.000SBD
savings_sbd_balance
0.000SBD
reward_sbd_balance
0.000SBD
{
  "balance": "0.002 STEEM",
  "savings_balance": "0.000 STEEM",
  "reward_steem_balance": "0.000 STEEM",
  "vesting_shares": "0.000000 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "5576.935520 VESTS",
  "sbd_balance": "0.000 SBD",
  "savings_sbd_balance": "0.000 SBD",
  "reward_sbd_balance": "0.000 SBD",
  "conversions": []
}

Account Info

namecore.wisdom
id1883463
rank1,110,635
reputation691409205
created2024-01-02T18:57:51
recovery_accountsteemcurator01
proxyNone
post_count5
comment_count0
lifetime_vote_count0
witnesses_voted_for0
last_post2024-01-02T20:16:12
last_root_post2024-01-02T20:16:12
last_vote_time2024-01-04T15:48:27
proxied_vsf_votes0, 0, 0, 0
can_vote1
voting_power0
delayed_votes0
balance0.002 STEEM
savings_balance0.000 STEEM
sbd_balance0.000 SBD
savings_sbd_balance0.000 SBD
vesting_shares0.000000 VESTS
delegated_vesting_shares0.000000 VESTS
received_vesting_shares5576.935520 VESTS
reward_vesting_balance0.000000 VESTS
vesting_balance0.000 STEEM
vesting_withdraw_rate0.000000 VESTS
next_vesting_withdrawal1969-12-31T23:59:59
withdrawn0
to_withdraw0
withdraw_routes0
savings_withdraw_requests0
last_account_recovery1970-01-01T00:00:00
reset_accountnull
last_owner_update1970-01-01T00:00:00
last_account_update1970-01-01T00:00:00
minedNo
sbd_seconds0
sbd_last_interest_payment1970-01-01T00:00:00
savings_sbd_last_interest_payment1970-01-01T00:00:00
{
  "id": 1883463,
  "name": "core.wisdom",
  "owner": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM8QuxqzhRHaxvnaSuijvgU6HG7dZzE1EGZRP97n1zH6MSksg8Sq",
        1
      ]
    ]
  },
  "active": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM6wmJjvrQanVbZSk8sR4WjC3NNNHoGWsB7JoJkB1TF6bqGuCAKp",
        1
      ]
    ]
  },
  "posting": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM5UKnGg125jyCrLecDg4U26HF81qQXsZ3UsMjhA4yBa9CSwgPnu",
        1
      ]
    ]
  },
  "memo_key": "STM8EthPBnk6zEarBnVJjdzWGN2uBPkmzg1mEpmHCQSXcd3VCk8sU",
  "json_metadata": "{}",
  "posting_json_metadata": "",
  "proxy": "",
  "last_owner_update": "1970-01-01T00:00:00",
  "last_account_update": "1970-01-01T00:00:00",
  "created": "2024-01-02T18:57:51",
  "mined": false,
  "recovery_account": "steemcurator01",
  "last_account_recovery": "1970-01-01T00:00:00",
  "reset_account": "null",
  "comment_count": 0,
  "lifetime_vote_count": 0,
  "post_count": 5,
  "can_vote": true,
  "voting_manabar": {
    "current_mana": "5576935520",
    "last_update_time": 1746871392
  },
  "downvote_manabar": {
    "current_mana": 1394233880,
    "last_update_time": 1746871392
  },
  "voting_power": 0,
  "balance": "0.002 STEEM",
  "savings_balance": "0.000 STEEM",
  "sbd_balance": "0.000 SBD",
  "sbd_seconds": "0",
  "sbd_seconds_last_update": "1970-01-01T00:00:00",
  "sbd_last_interest_payment": "1970-01-01T00:00:00",
  "savings_sbd_balance": "0.000 SBD",
  "savings_sbd_seconds": "0",
  "savings_sbd_seconds_last_update": "1970-01-01T00:00:00",
  "savings_sbd_last_interest_payment": "1970-01-01T00:00:00",
  "savings_withdraw_requests": 0,
  "reward_sbd_balance": "0.000 SBD",
  "reward_steem_balance": "0.000 STEEM",
  "reward_vesting_balance": "0.000000 VESTS",
  "reward_vesting_steem": "0.000 STEEM",
  "vesting_shares": "0.000000 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "5576.935520 VESTS",
  "vesting_withdraw_rate": "0.000000 VESTS",
  "next_vesting_withdrawal": "1969-12-31T23:59:59",
  "withdrawn": 0,
  "to_withdraw": 0,
  "withdraw_routes": 0,
  "curation_rewards": 0,
  "posting_rewards": 0,
  "proxied_vsf_votes": [
    0,
    0,
    0,
    0
  ],
  "witnesses_voted_for": 0,
  "last_post": "2024-01-02T20:16:12",
  "last_root_post": "2024-01-02T20:16:12",
  "last_vote_time": "2024-01-04T15:48:27",
  "post_bandwidth": 0,
  "pending_claimed_accounts": 0,
  "vesting_balance": "0.000 STEEM",
  "reputation": 691409205,
  "transfer_history": [],
  "market_history": [],
  "post_history": [],
  "vote_history": [],
  "other_history": [],
  "witness_votes": [],
  "tags_usage": [],
  "guest_bloggers": [],
  "rank": 1110635
}

Withdraw Routes

IncomingOutgoing
Empty
Empty
{
  "incoming": [],
  "outgoing": []
}
From Date
To Date
steemdelegated 3.425 SP to @core.wisdom
2025/05/10 10:03:12
delegatorsteem
delegateecore.wisdom
vesting shares5576.935520 VESTS
Transaction InfoBlock #95442512/Trx 9b0297a5b16566164c9ce1c52f0251be662ce974
View Raw JSON Data
{
  "trx_id": "9b0297a5b16566164c9ce1c52f0251be662ce974",
  "block": 95442512,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2025-05-10T10:03:12",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "core.wisdom",
      "vesting_shares": "5576.935520 VESTS"
    }
  ]
}
steemdelegated 3.528 SP to @core.wisdom
2024/04/04 16:38:03
delegatorsteem
delegateecore.wisdom
vesting shares5744.260981 VESTS
Transaction InfoBlock #83944258/Trx 176050ae7f893b0d3f8330a7d8b57464f62e50f8
View Raw JSON Data
{
  "trx_id": "176050ae7f893b0d3f8330a7d8b57464f62e50f8",
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  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2024-04-04T16:38:03",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
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      "vesting_shares": "5744.260981 VESTS"
    }
  ]
}
steemdelegated 10.591 SP to @core.wisdom
2024/03/25 05:24:39
delegatorsteem
delegateecore.wisdom
vesting shares17246.175036 VESTS
Transaction InfoBlock #83644637/Trx ee5b3d94ff3e25adfbed4cf8e75ecf7c1fef06db
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  ]
}
2024/01/04 15:48:27
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2024/01/04 15:39:06
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2024/01/04 15:35:18
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core.wisdomupvoted (100.00%) @successgr / 240104-
2024/01/04 15:34:39
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2024/01/04 15:34:27
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core.wisdomupvoted (100.00%) @trafalgar / kkbxx
2024/01/04 15:34:18
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core.wisdomupvoted (100.00%) @cjsdns / 32554e61223b3
2024/01/04 15:29:33
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core.wisdomupvoted (100.00%) @rme / 3dpjzd
2024/01/04 15:29:21
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core.wisdomupvoted (100.00%) @trafalgar / 3bw7wn
2024/01/04 15:29:12
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2024/01/03 22:51:33
parent authorcore.wisdom
parent permlinks6ng3i
authorandycasamaina
permlinks6pjhw
title
bodythanks
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andycasamainaupvoted (100.00%) @core.wisdom / s6ng3i
2024/01/03 22:51:18
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core.wisdomupvoted (100.00%) @rme / 27a2vr-0
2024/01/02 23:28:57
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2024/01/02 20:17:27
votercore.wisdom
authorcore.wisdom
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2024/01/02 20:17:06
parent author
parent permlinkstoicism
authorcore.wisdom
permlinkstoicism-a-path-to-resilience-wisdom-and-virtue
titleStoicism: A Path to Resilience, Wisdom, and Virtue
body@@ -1,12 +1,148 @@ +!%5Bstoic-g6e22bf7b3_1280.png%5D(https://cdn.steemitimages.com/DQmTW4uVwARXNDtFdXUykRusJ7EVXwT7GQ7yT58v2uvcXwJ/stoic-g6e22bf7b3_1280.png)%0A%0A%0A ## Introduct
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2024/01/02 20:16:12
parent author
parent permlinkstoicism
authorcore.wisdom
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body## Introduction Stoicism, a philosophy that has been practiced by great leaders throughout history, is designed to make us more resilient, happier, and wiser. It offers valuable insights and practical exercises that can help us become better individuals, parents, and professionals. In this article, we will explore the core principles of Stoicism, delve into the lives of influential Stoic philosophers, discuss the four virtues of Stoicism, recommend the best books on the subject, and provide nine Stoic exercises to get you started on your Stoic journey. ## I. What Is Stoicism? Stoicism is an ancient philosophy that aims to cultivate inner strength and virtue. It teaches us to focus on what we can control and accept what we cannot. Stoicism provides a framework for dealing with the challenges of daily life and helps us lead a fulfilling and virtuous existence. The teachings of Stoicism have influenced numerous notable figures throughout history, from Marcus Aurelius to Thomas Jefferson. ## II. How Did Stoicism Begin? Stoicism originated around 304 BC when a merchant named Zeno was shipwrecked and introduced to philosophy. He founded the philosophy school known as the Stoa Poikile, where he and his disciples gathered for discussions. Unlike many other philosophical schools, Stoicism did not carry Zeno's name, emphasizing the humility of its founder. ## III. Who Were The Stoic Philosophers? Stoicism was shaped by several prominent philosophers, including Marcus Aurelius, Seneca, and Epictetus. Marcus Aurelius, a Roman emperor, left behind his personal journal known as "Meditations," which offers profound insights into Stoic philosophy. Seneca, a political advisor and playwright, wrote extensively on various Stoic topics, and Epictetus, a former slave, taught Stoicism in Greece. ## IV. What Are The 4 Virtues of Stoicism? The four virtues of Stoicism are courage, temperance, justice, and wisdom. These virtues serve as essential values in living a Stoic life. Courage allows us to face challenges and overcome adversity, while temperance teaches us to avoid excess and find balance in our actions. Justice emphasizes doing what is right, and wisdom guides us in making wise decisions and navigating the complexities of life. ## V. What Are The Best Books On Stoicism? To deepen your understanding of Stoicism, we recommend exploring the following books: "Meditations" by Marcus Aurelius "Letters From A Stoic" by Seneca "Discourses" by Epictetus "The Daily Stoic" by Ryan Holiday and Stephen Hanselman "The Obstacle Is The Way" by Ryan Holiday ## VI. How To Be A Stoic: 9 Stoic Exercises To Get You Started To incorporate Stoicism into your life, here are nine Stoic exercises to practice: The Dichotomy of Control: Differentiate between what you can control and what you cannot. Journaling: Reflect on your thoughts, actions, and lessons learned. Practice Misfortune: Imagine and prepare yourself for difficult situations. Train Perceptions: Shift your perspective and see obstacles as opportunities. Remember—It's All Ephemeral: Embrace the impermanence of life and focus on the present. Take the View From Above: Zoom out and see life from a higher vantage point. Memento Mori: Meditate on your mortality to appreciate the present. Premeditatio Malorum: Imagine and prepare for potential setbacks and obstacles. Amor Fati: Embrace and love your fate, accepting life's challenges as opportunities for growth. ## VII. What Are The Best Stoic Quotes? Here are some notable Stoic quotes to inspire you: "We suffer more from imagination than from reality." - Seneca "Our life is what our thoughts make it." - Marcus Aurelius "Be tolerant with others and strict with yourself." - Marcus Aurelius "If it is not right, do not do it. If it is not true, do not say it." - Marcus Aurelius "You always own the option of having no opinion. Leave them alone." - Marcus Aurelius ## VIII. Conclusion Stoicism offers valuable principles and exercises that can help us lead more fulfilling lives. By cultivating resilience, wisdom, and virtue, we can navigate life's challenges with grace and find inner peace. As you embark on your Stoic journey, remember the four virtues, explore the recommended books, and practice the Stoic exercises to develop a Stoic mindset and embrace a life of virtue and fulfillment.
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      "body": "## Introduction\nStoicism, a philosophy that has been practiced by great leaders throughout history, is designed to make us more resilient, happier, and wiser. It offers valuable insights and practical exercises that can help us become better individuals, parents, and professionals. In this article, we will explore the core principles of Stoicism, delve into the lives of influential Stoic philosophers, discuss the four virtues of Stoicism, recommend the best books on the subject, and provide nine Stoic exercises to get you started on your Stoic journey.\n\n\n## I. What Is Stoicism?\n\nStoicism is an ancient philosophy that aims to cultivate inner strength and virtue. It teaches us to focus on what we can control and accept what we cannot. Stoicism provides a framework for dealing with the challenges of daily life and helps us lead a fulfilling and virtuous existence. The teachings of Stoicism have influenced numerous notable figures throughout history, from Marcus Aurelius to Thomas Jefferson.\n\n## II. How Did Stoicism Begin?\n\nStoicism originated around 304 BC when a merchant named Zeno was shipwrecked and introduced to philosophy. He founded the philosophy school known as the Stoa Poikile, where he and his disciples gathered for discussions. Unlike many other philosophical schools, Stoicism did not carry Zeno's name, emphasizing the humility of its founder.\n\n## III. Who Were The Stoic Philosophers?\n\nStoicism was shaped by several prominent philosophers, including Marcus Aurelius, Seneca, and Epictetus. Marcus Aurelius, a Roman emperor, left behind his personal journal known as \"Meditations,\" which offers profound insights into Stoic philosophy. Seneca, a political advisor and playwright, wrote extensively on various Stoic topics, and Epictetus, a former slave, taught Stoicism in Greece.\n\n## IV. What Are The 4 Virtues of Stoicism?\n\nThe four virtues of Stoicism are courage, temperance, justice, and wisdom. These virtues serve as essential values in living a Stoic life. Courage allows us to face challenges and overcome adversity, while temperance teaches us to avoid excess and find balance in our actions. Justice emphasizes doing what is right, and wisdom guides us in making wise decisions and navigating the complexities of life.\n\n## V. What Are The Best Books On Stoicism?\n\nTo deepen your understanding of Stoicism, we recommend exploring the following books:\n\n\n    \"Meditations\" by Marcus Aurelius\n\n    \"Letters From A Stoic\" by Seneca\n\n    \"Discourses\" by Epictetus\n\n    \"The Daily Stoic\" by Ryan Holiday and Stephen Hanselman\n\n    \"The Obstacle Is The Way\" by Ryan Holiday\n\n\n## VI. How To Be A Stoic: 9 Stoic Exercises To Get You Started\n\nTo incorporate Stoicism into your life, here are nine Stoic exercises to practice:\n\n\n    The Dichotomy of Control: Differentiate between what you can control and what you cannot.\n\n    Journaling: Reflect on your thoughts, actions, and lessons learned.\n\n    Practice Misfortune: Imagine and prepare yourself for difficult situations.\n\n    Train Perceptions: Shift your perspective and see obstacles as opportunities.\n\n    Remember—It's All Ephemeral: Embrace the impermanence of life and focus on the present.\n\n    Take the View From Above: Zoom out and see life from a higher vantage point.\n\n    Memento Mori: Meditate on your mortality to appreciate the present.\n\n    Premeditatio Malorum: Imagine and prepare for potential setbacks and obstacles.\n\n    Amor Fati: Embrace and love your fate, accepting life's challenges as opportunities for growth.\n\n\n## VII. What Are The Best Stoic Quotes?\n\nHere are some notable Stoic quotes to inspire you:\n\n\n    \"We suffer more from imagination than from reality.\" - Seneca\n\n    \"Our life is what our thoughts make it.\" - Marcus Aurelius\n\n    \"Be tolerant with others and strict with yourself.\" - Marcus Aurelius\n\n    \"If it is not right, do not do it. If it is not true, do not say it.\" - Marcus Aurelius\n\n    \"You always own the option of having no opinion. Leave them alone.\" - Marcus Aurelius\n\n\n## VIII. Conclusion\n\nStoicism offers valuable principles and exercises that can help us lead more fulfilling lives. By cultivating resilience, wisdom, and virtue, we can navigate life's challenges with grace and find inner peace. As you embark on your Stoic journey, remember the four virtues, explore the recommended books, and practice the Stoic exercises to develop a Stoic mindset and embrace a life of virtue and fulfillment.",
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2024/01/02 20:05:54
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2024/01/02 20:02:21
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2024/01/02 19:57:06
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2024/01/02 19:57:00
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2024/01/02 19:56:42
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2024/01/02 19:56:15
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2024/01/02 19:53:00
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2024/01/02 19:52:48
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2024/01/02 19:52:42
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2024/01/02 19:52:39
votercore.wisdom
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core.wisdomcustom json: notify
2024/01/02 19:50:36
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2024/01/02 19:50:03
fromalexmove.witness
tocore.wisdom
amount0.001 STEEM
memoPlease support me @alexmove.witness as witness on site https://steemitwallet.com/~witnesses. I send daily Witness vote STEEM reward and developing a learning project SelfDevelopment Club. Your vote is very important to me, core.wisdom! Good luck! 20240102
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2024/01/02 19:44:15
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2024/01/02 19:44:12
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2024/01/02 19:44:12
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2024/01/02 19:44:09
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2024/01/02 19:44:09
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2024/01/02 19:42:54
parent authorandycasamaina
parent permlinkpassive-income-mastering-crypto-wealth-a-click-worthy-guide-to-navigating-the-world-of-masternodes
authorcore.wisdom
permlinks6ng3i
title
bodyGreat post!
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2024/01/02 19:42:24
votercore.wisdom
authorandycasamaina
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2024/01/02 19:42:21
votercore.wisdom
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2024/01/02 19:42:18
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2024/01/02 19:42:15
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2024/01/02 19:42:00
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beemenginesent 0.001 STEEM to @core.wisdom- "🔥 Ignite your content’s potential with Beemengine! Amplify your reach, captivate a larger audience, and watch your upvotes soar to new heights 🚀. For just 1 HIVE/STEEM per month, you’ll gain access ..."
2024/01/02 19:41:54
frombeemengine
tocore.wisdom
amount0.001 STEEM
memo🔥 Ignite your content’s potential with Beemengine! Amplify your reach, captivate a larger audience, and watch your upvotes soar to new heights 🚀. For just 1 HIVE/STEEM per month, you’ll gain access to 24/7 auto voting, a vibrant community of over 1.5k members, up to 100K boosted posts, and a team of dedicated curators. Plus, enjoy the simplicity of passive earnings 💰. Your content deserves to shine 🌟. Don’t let it fade into the background. Subscribe today at beemengine.com or reply ‘subscribe’ to start your one-month subscription for just 1 HIVE/STEEM. Unleash your content’s true potential with Beemengine. Your audience is waiting.
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2024/01/02 19:41:48
votercore.wisdom
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2024/01/02 19:41:15
voterfamillycooking1
authorcore.wisdom
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2024/01/02 19:41:09
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authorcore.wisdom
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2024/01/02 19:41:03
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2024/01/02 19:40:57
parent author
parent permlinkfinance
authorcore.wisdom
permlink10-realistic-strategies-to-get-out-of-debt
title10 Realistic Strategies to Get Out of Debt
body![tip-jar-g0b970a2ad_1280.jpg](https://cdn.steemitimages.com/DQmS99bdmyQq8ANSHyHA611nUWeA67mVQPC9HQwMmkc6nEZ/tip-jar-g0b970a2ad_1280.jpg) Debt is a burden that many people face, and getting out of debt can seem like an overwhelming task. While there is plenty of cookie-cutter financial advice out there, such as earning more money or cutting up credit cards, these tips are often not very helpful. To truly become debt-free, it is important to explore realistic strategies that can make a significant impact on your financial situation. In this article, we will discuss ten strategies that can help you get out of debt and regain control of your finances. ## 1. Debt Avalanche: Pay off Your Highest-Interest Debt First The debt avalanche method is a strategy that involves paying off your debt with the highest interest rate first, and then working your way down from there. By prioritizing high-interest debt, such as credit cards, you can minimize the amount of money you spend on interest charges over time. For example, you might consider paying off debt in the following order: • 25% APR store credit card • 22% APR rewards credit card • 7% APR auto loan • 6% APR student loan • 5% APR mortgage By allocating extra cash toward your priority debt while making minimum payments on other debts, you can accelerate your debt repayment journey. ## 2. Debt Snowball: Pay off Your Smallest Balance First The debt snowball method is another effective strategy for paying off debt. With this approach, you tackle your debt in baby steps by targeting the debt with the lowest balance first. While making minimum payments on your other debts, you put extra money toward repaying your smallest debt. Once that debt is paid off, you move on to the next smallest debt, and so on. Let's illustrate this method using the same example as before: • $1,000 rewards credit card debt • $1,500 store credit card debt • $10,000 auto loan debt • $35,000 student loan debt • $150,000 mortgage debt By focusing on the smallest debt first, you can experience small wins along the way, which can help keep you motivated to continue your debt repayment journey. ## 3. Build a Budget to Pay off Debt One of the key factors in becoming debt-free is having control over your spending. Building a budget is not only crucial for avoiding new debt but can also help you pay off existing debt faster. By creating a budget, you gain a clear understanding of how you spend and save your money. To get started, you can use a budgeting spreadsheet or consider one of these budgeting strategies: • 50/30/20 budget: Allocate 50% of your income toward needs, 30% toward wants, and 20% toward savings and debt repayment. • Zero-based budget: Ensure that your income minus your expenses equals zero at the end of each month, accounting for every dollar earned, including debt repayment and savings. • Envelope budget: Categorize your spending into virtual "envelopes" such as food, utilities, and housing. Allocate your budget at the beginning of the month to reduce unnecessary spending. • Minimalist lifestyle: Cut down on regular but unnecessary expenses like dining out or shopping trips to maximize savings. Dedicate any remaining income to debt repayment. Utilize an online debt payoff calculator to determine how much you should allocate toward your debt each month to pay it off within a certain time frame. This will give you a clearer picture of your monthly payments and the total interest you will pay over time. ## 4. Dedicate Unexpected Windfalls to Your Debt Receiving an unexpected sum of money, such as an inheritance, tax refund, or work bonus, can be tempting to spend on discretionary purposes. However, if you are heavily in debt, it may be wiser to use these windfalls to pay down your debt instead. Consider them as an opportunity to save yourself money on interest in the long run. Instead of viewing windfalls as "extra money," prioritize using them to reduce your debt burden. While it can be tempting to indulge in immediate gratification, keep in mind the long-term financial benefits of using unexpected windfalls to pay off debt. ## 5. Meet with a Credit Counselor to Form a Repayment Plan If you are struggling to manage your debt, it may be helpful to meet with a credit counselor. Nonprofit credit counseling organizations offer low-cost or even free debt counseling services. A certified credit counselor can provide valuable advice on money and debt management, help you create a budget, and offer educational materials to improve your financial literacy. Based on your specific circumstances, a credit counselor may also recommend a debt management plan. This plan sets a clear timeline for your debt repayment and usually comes with a monthly fee. To find a certified credit counselor, you can search the U.S. Department of Justice website for reputable organizations. ## 6. Negotiate Debt Settlement with Your Creditors When your unsecured debt becomes overwhelming and you are delinquent on payments, negotiating a debt settlement with your creditors or debt collectors may be an option. Your creditor, such as a credit card company, may agree to set up a payment plan, reduce your monthly payments, or even settle your debt for less than the amount owed. When negotiating a debt settlement, it is essential to take certain steps: ### 1. Take detailed notes of all conversations, including the names of people you spoke with, dates, and what was discussed. Follow up with a written summary of your agreement. ### 2. Request a written agreement outlining the proposed repayment or debt settlement plan before making any payments. ### 3. Be honest about your financial situation and only commit to a debt repayment plan if you can afford to meet the monthly payments. ### 4. Check the statute of limitations for your debt. If it is time-barred, you cannot be sued over it, but you still owe the debt, and it will appear on your credit report. It's important to note that debt settlement can have a negative impact on your credit score. Before making a final decision, make sure you understand the implications and consider seeking professional advice. ## 7. Consolidate Debt with a Personal Loan Debt consolidation can be an effective strategy for repaying your debts at a lower interest rate, potentially saving you money over time. This method involves combining multiple debts into one, simplifying your repayment process by making just one monthly payment instead of several. When considering a personal loan for debt consolidation, it is crucial to find a lender willing to offer a lower annual percentage rate (APR) than what you are currently paying. Keep in mind that the shorter your loan term, the lower your APR may be. Additionally, if you have good credit, you may have a better chance of securing a favorable rate on a personal loan. Alternatively, you can also consolidate credit card debt by transferring it to a balance transfer credit card. Look for a credit card that offers a 0% introductory APR for a certain period. During this period, any payments you make on the card will go directly toward reducing the principal balance. However, be aware of any fees associated with balance transfers, and remember that once the introductory period ends, you will be charged interest on the remaining balance. It's essential to note that personal loans and balance transfer credit cards may not be accessible to consumers with poor credit. If you have subprime credit, securing a good rate on a personal loan can be challenging, and qualifying for a balance-transfer credit card may be difficult. In such cases, alternative debt repayment options may be more appropriate. ## 8. Transfer Debt to a 0% Intro Credit Card Another option for debt consolidation is transferring your debt to a 0% introductory APR credit card. This allows you to consolidate your debts onto one card and avoid paying interest for an initial period, typically several months. During this time, every payment you make will go directly toward reducing the principal balance. However, it's important to be aware that balance transfer credit cards often come with fees, so make sure to consider this when evaluating the overall cost of this strategy. Additionally, once the introductory period ends, you will start accruing interest on any remaining balance. Both personal loans and balance transfer credit cards can be effective debt consolidation methods, but it's important to carefully evaluate your options and choose the approach that best suits your financial circumstances and goals. ## 9. Use a Cash-Out Refinance to Put Money Toward Debt If you own a home, you may have the option to use a cash-out refinance to pay off your debt. This strategy allows you to borrow against the equity you have built in your home by refinancing your mortgage. By doing so, you can access a portion of your home's value in cash and use it to pay off your debts. Typically, you can borrow up to 80% of your home's value through a cash-out refinance. For example, if your home is worth $500,000 and you owe $250,000 on your mortgage, you have $250,000 in home equity. With an 80% borrowing limit, you may be able to access up to $150,000 of that equity. However, it's important to consider that using your home as collateral for debt carries risks. If you default on the loan, you could potentially lose your home. Before pursuing a cash-out refinance, carefully evaluate your financial situation and consult with a mortgage professional to ensure it's the right option for you. ## 10. Consider Bankruptcy as a Last Resort Bankruptcy is a legal option for individuals who find themselves overwhelmed by their debts and unable to repay them. While it can provide relief for some borrowers, it's important to understand the potential consequences before filing for bankruptcy. Bankruptcy can have a long-lasting impact on your credit profile, making it difficult to access credit or loans in the future. Additionally, bankruptcy proceedings can take several months or even years before your debts are discharged, and not all debts can be discharged through bankruptcy. Two common types of bankruptcy that individuals file for are Chapter 7 and Chapter 13 bankruptcy. Chapter 7 bankruptcy involves the liquidation of assets to repay creditors, while Chapter 13 bankruptcy involves a repayment plan over a specified period. It's crucial to consult with a bankruptcy attorney to determine the best course of action based on your specific financial situation. ## Which Debt Should You Pay off First? When deciding which debt to prioritize, it's important to evaluate your financial obligations and determine which debts you want to repay first. Different types of debt may require different strategies. For example: • Credit card debt: High-interest credit card debt should often be prioritized due to its costly nature. • Student loan debt: Student loans typically have lower interest rates and longer repayment periods, so they may not require immediate attention. • Auto debt: Car loans usually have lower interest rates, but it's important to consider the terms and value of your vehicle. • Mortgage debt: Mortgage debt is often spread out over a longer period and may have tax benefits, so it may not be a priority for immediate repayment. • Medical debt: Medical debt may be negotiable, so exploring options for payment plans or settlement can be beneficial. • Tax debt: Unpaid taxes can result in serious consequences, so it's crucial to address them promptly. By considering the interest rates, outstanding balances, and specific terms of each debt, you can make an informed decision about which debts to prioritize. Once You're Debt-Free: How to Stay out of Debt Becoming debt-free is a significant achievement, but it's important to establish healthy financial habits to avoid falling back into debt. Here are a few tips to help you stay out of debt: ## Build Your Emergency Fund An emergency fund is essential for financial stability. It serves as a safety net, allowing you to cover unexpected expenses without resorting to debt. Financial experts recommend saving between three to six months' worth of expenses in your emergency fund. Start small and gradually increase your savings over time. ## Find Ways to Increase Your Income Increasing your income can provide more financial flexibility and help you stay out of debt. Consider negotiating a raise at work, taking a certification course to advance your career, or exploring side gigs or part-time jobs. Additionally, selling unused items can provide extra income to put toward your savings or debt repayment. ## Utilize a Budgeting App Maintaining a budget is crucial for managing your finances effectively. If you struggle to stick to a budget, consider using a budgeting app to track your income and expenses automatically. These apps can provide valuable insights into your spending habits and help you make informed financial decisions. ## Monitor and Build Your Credit Score Your credit score plays a significant role in your financial well-being. Regularly monitor your credit report to ensure its accuracy and identify areas for improvement. Paying bills on time and keeping your credit utilization low can help build a positive credit history. In conclusion, becoming debt-free requires discipline, careful planning, and commitment. By implementing realistic strategies such as the debt avalanche or debt snowball methods, building a budget, utilizing windfalls to pay off debt, and exploring options like debt consolidation or bankruptcy as a last resort, you can regain control of your finances. Remember to establish healthy financial habits to stay out of debt, such as building an emergency fund, increasing your income, maintaining a budget, and monitoring your credit score. With determination and the right strategies, you can achieve financial freedom and peace of mind.
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      "permlink": "10-realistic-strategies-to-get-out-of-debt",
      "title": "10 Realistic Strategies to Get Out of Debt",
      "body": "![tip-jar-g0b970a2ad_1280.jpg](https://cdn.steemitimages.com/DQmS99bdmyQq8ANSHyHA611nUWeA67mVQPC9HQwMmkc6nEZ/tip-jar-g0b970a2ad_1280.jpg)\n\n\n\nDebt is a burden that many people face, and getting out of debt can seem like an overwhelming task. While there is plenty of cookie-cutter financial advice out there, such as earning more money or cutting up credit cards, these tips are often not very helpful. To truly become debt-free, it is important to explore realistic strategies that can make a significant impact on your financial situation. In this article, we will discuss ten strategies that can help you get out of debt and regain control of your finances.\n\n ## 1. Debt Avalanche: Pay off Your Highest-Interest Debt First\nThe debt avalanche method is a strategy that involves paying off your debt with the highest interest rate first, and then working your way down from there. By prioritizing high-interest debt, such as credit cards, you can minimize the amount of money you spend on interest charges over time. For example, you might consider paying off debt in the following order:\n    • 25% APR store credit card\n    • 22% APR rewards credit card\n    • 7% APR auto loan\n    • 6% APR student loan\n    • 5% APR mortgage\nBy allocating extra cash toward your priority debt while making minimum payments on other debts, you can accelerate your debt repayment journey.\n## 2. Debt Snowball: Pay off Your Smallest Balance First\nThe debt snowball method is another effective strategy for paying off debt. With this approach, you tackle your debt in baby steps by targeting the debt with the lowest balance first. While making minimum payments on your other debts, you put extra money toward repaying your smallest debt. Once that debt is paid off, you move on to the next smallest debt, and so on.\nLet's illustrate this method using the same example as before:\n    • $1,000 rewards credit card debt\n    • $1,500 store credit card debt\n    • $10,000 auto loan debt\n    • $35,000 student loan debt\n    • $150,000 mortgage debt\nBy focusing on the smallest debt first, you can experience small wins along the way, which can help keep you motivated to continue your debt repayment journey.\n ## 3. Build a Budget to Pay off Debt\nOne of the key factors in becoming debt-free is having control over your spending. Building a budget is not only crucial for avoiding new debt but can also help you pay off existing debt faster. By creating a budget, you gain a clear understanding of how you spend and save your money.\nTo get started, you can use a budgeting spreadsheet or consider one of these budgeting strategies:\n    • 50/30/20 budget: Allocate 50% of your income toward needs, 30% toward wants, and 20% toward savings and debt repayment.\n    • Zero-based budget: Ensure that your income minus your expenses equals zero at the end of each month, accounting for every dollar earned, including debt repayment and savings.\n    • Envelope budget: Categorize your spending into virtual \"envelopes\" such as food, utilities, and housing. Allocate your budget at the beginning of the month to reduce unnecessary spending.\n    • Minimalist lifestyle: Cut down on regular but unnecessary expenses like dining out or shopping trips to maximize savings. Dedicate any remaining income to debt repayment.\nUtilize an online debt payoff calculator to determine how much you should allocate toward your debt each month to pay it off within a certain time frame. This will give you a clearer picture of your monthly payments and the total interest you will pay over time.\n ## 4. Dedicate Unexpected Windfalls to Your Debt\nReceiving an unexpected sum of money, such as an inheritance, tax refund, or work bonus, can be tempting to spend on discretionary purposes. However, if you are heavily in debt, it may be wiser to use these windfalls to pay down your debt instead. Consider them as an opportunity to save yourself money on interest in the long run.\nInstead of viewing windfalls as \"extra money,\" prioritize using them to reduce your debt burden. While it can be tempting to indulge in immediate gratification, keep in mind the long-term financial benefits of using unexpected windfalls to pay off debt.\n## 5. Meet with a Credit Counselor to Form a Repayment Plan\nIf you are struggling to manage your debt, it may be helpful to meet with a credit counselor. Nonprofit credit counseling organizations offer low-cost or even free debt counseling services. A certified credit counselor can provide valuable advice on money and debt management, help you create a budget, and offer educational materials to improve your financial literacy.\nBased on your specific circumstances, a credit counselor may also recommend a debt management plan. This plan sets a clear timeline for your debt repayment and usually comes with a monthly fee. To find a certified credit counselor, you can search the U.S. Department of Justice website for reputable organizations.\n## 6. Negotiate Debt Settlement with Your Creditors\nWhen your unsecured debt becomes overwhelming and you are delinquent on payments, negotiating a debt settlement with your creditors or debt collectors may be an option. Your creditor, such as a credit card company, may agree to set up a payment plan, reduce your monthly payments, or even settle your debt for less than the amount owed.\nWhen negotiating a debt settlement, it is essential to take certain steps:\n    ### 1. Take detailed notes of all conversations, including the names of people you spoke with, dates, and what was discussed. Follow up with a written summary of your agreement.\n    ### 2. Request a written agreement outlining the proposed repayment or debt settlement plan before making any payments.\n    ### 3. Be honest about your financial situation and only commit to a debt repayment plan if you can afford to meet the monthly payments.\n    ### 4. Check the statute of limitations for your debt. If it is time-barred, you cannot be sued over it, but you still owe the debt, and it will appear on your credit report.\nIt's important to note that debt settlement can have a negative impact on your credit score. Before making a final decision, make sure you understand the implications and consider seeking professional advice.\n## 7. Consolidate Debt with a Personal Loan\nDebt consolidation can be an effective strategy for repaying your debts at a lower interest rate, potentially saving you money over time. This method involves combining multiple debts into one, simplifying your repayment process by making just one monthly payment instead of several.\nWhen considering a personal loan for debt consolidation, it is crucial to find a lender willing to offer a lower annual percentage rate (APR) than what you are currently paying. Keep in mind that the shorter your loan term, the lower your APR may be. Additionally, if you have good credit, you may have a better chance of securing a favorable rate on a personal loan.\nAlternatively, you can also consolidate credit card debt by transferring it to a balance transfer credit card. Look for a credit card that offers a 0% introductory APR for a certain period. During this period, any payments you make on the card will go directly toward reducing the principal balance. However, be aware of any fees associated with balance transfers, and remember that once the introductory period ends, you will be charged interest on the remaining balance.\nIt's essential to note that personal loans and balance transfer credit cards may not be accessible to consumers with poor credit. If you have subprime credit, securing a good rate on a personal loan can be challenging, and qualifying for a balance-transfer credit card may be difficult. In such cases, alternative debt repayment options may be more appropriate.\n## 8. Transfer Debt to a 0% Intro Credit Card\nAnother option for debt consolidation is transferring your debt to a 0% introductory APR credit card. This allows you to consolidate your debts onto one card and avoid paying interest for an initial period, typically several months. During this time, every payment you make will go directly toward reducing the principal balance.\nHowever, it's important to be aware that balance transfer credit cards often come with fees, so make sure to consider this when evaluating the overall cost of this strategy. Additionally, once the introductory period ends, you will start accruing interest on any remaining balance.\nBoth personal loans and balance transfer credit cards can be effective debt consolidation methods, but it's important to carefully evaluate your options and choose the approach that best suits your financial circumstances and goals.\n## 9. Use a Cash-Out Refinance to Put Money Toward Debt\nIf you own a home, you may have the option to use a cash-out refinance to pay off your debt. This strategy allows you to borrow against the equity you have built in your home by refinancing your mortgage. By doing so, you can access a portion of your home's value in cash and use it to pay off your debts.\nTypically, you can borrow up to 80% of your home's value through a cash-out refinance. For example, if your home is worth $500,000 and you owe $250,000 on your mortgage, you have $250,000 in home equity. With an 80% borrowing limit, you may be able to access up to $150,000 of that equity.\nHowever, it's important to consider that using your home as collateral for debt carries risks. If you default on the loan, you could potentially lose your home. Before pursuing a cash-out refinance, carefully evaluate your financial situation and consult with a mortgage professional to ensure it's the right option for you.\n## 10. Consider Bankruptcy as a Last Resort\nBankruptcy is a legal option for individuals who find themselves overwhelmed by their debts and unable to repay them. While it can provide relief for some borrowers, it's important to understand the potential consequences before filing for bankruptcy. Bankruptcy can have a long-lasting impact on your credit profile, making it difficult to access credit or loans in the future. Additionally, bankruptcy proceedings can take several months or even years before your debts are discharged, and not all debts can be discharged through bankruptcy.\nTwo common types of bankruptcy that individuals file for are Chapter 7 and Chapter 13 bankruptcy. Chapter 7 bankruptcy involves the liquidation of assets to repay creditors, while Chapter 13 bankruptcy involves a repayment plan over a specified period. It's crucial to consult with a bankruptcy attorney to determine the best course of action based on your specific financial situation.\n## Which Debt Should You Pay off First?\nWhen deciding which debt to prioritize, it's important to evaluate your financial obligations and determine which debts you want to repay first. Different types of debt may require different strategies. For example:\n    • Credit card debt: High-interest credit card debt should often be prioritized due to its costly nature.\n    • Student loan debt: Student loans typically have lower interest rates and longer repayment periods, so they may not require immediate attention.\n    • Auto debt: Car loans usually have lower interest rates, but it's important to consider the terms and value of your vehicle.\n    • Mortgage debt: Mortgage debt is often spread out over a longer period and may have tax benefits, so it may not be a priority for immediate repayment.\n    • Medical debt: Medical debt may be negotiable, so exploring options for payment plans or settlement can be beneficial.\n    • Tax debt: Unpaid taxes can result in serious consequences, so it's crucial to address them promptly.\nBy considering the interest rates, outstanding balances, and specific terms of each debt, you can make an informed decision about which debts to prioritize.\nOnce You're Debt-Free: How to Stay out of Debt\nBecoming debt-free is a significant achievement, but it's important to establish healthy financial habits to avoid falling back into debt. Here are a few tips to help you stay out of debt:\n## Build Your Emergency Fund\nAn emergency fund is essential for financial stability. It serves as a safety net, allowing you to cover unexpected expenses without resorting to debt. Financial experts recommend saving between three to six months' worth of expenses in your emergency fund. Start small and gradually increase your savings over time.\n## Find Ways to Increase Your Income\nIncreasing your income can provide more financial flexibility and help you stay out of debt. Consider negotiating a raise at work, taking a certification course to advance your career, or exploring side gigs or part-time jobs. Additionally, selling unused items can provide extra income to put toward your savings or debt repayment.\n## Utilize a Budgeting App\nMaintaining a budget is crucial for managing your finances effectively. If you struggle to stick to a budget, consider using a budgeting app to track your income and expenses automatically. These apps can provide valuable insights into your spending habits and help you make informed financial decisions.\n## Monitor and Build Your Credit Score\nYour credit score plays a significant role in your financial well-being. Regularly monitor your credit report to ensure its accuracy and identify areas for improvement. Paying bills on time and keeping your credit utilization low can help build a positive credit history.\nIn conclusion, becoming debt-free requires discipline, careful planning, and commitment. By implementing realistic strategies such as the debt avalanche or debt snowball methods, building a budget, utilizing windfalls to pay off debt, and exploring options like debt consolidation or bankruptcy as a last resort, you can regain control of your finances. Remember to establish healthy financial habits to stay out of debt, such as building an emergency fund, increasing your income, maintaining a budget, and monitoring your credit score. With determination and the right strategies, you can achieve financial freedom and peace of mind.",
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            "STM6wmJjvrQanVbZSk8sR4WjC3NNNHoGWsB7JoJkB1TF6bqGuCAKp",
            1
          ]
        ]
      },
      "posting": {
        "weight_threshold": 1,
        "account_auths": [],
        "key_auths": [
          [
            "STM5UKnGg125jyCrLecDg4U26HF81qQXsZ3UsMjhA4yBa9CSwgPnu",
            1
          ]
        ]
      },
      "memo_key": "STM8EthPBnk6zEarBnVJjdzWGN2uBPkmzg1mEpmHCQSXcd3VCk8sU",
      "json_metadata": "{}",
      "extensions": []
    }
  ]
}

Account Metadata

POSTING JSON METADATA
None
JSON METADATA
None
{
  "posting_json_metadata": {},
  "json_metadata": {}
}

Auth Keys

Owner
Single Signature
Public Keys
STM8QuxqzhRHaxvnaSuijvgU6HG7dZzE1EGZRP97n1zH6MSksg8Sq1/1
Active
Single Signature
Public Keys
STM6wmJjvrQanVbZSk8sR4WjC3NNNHoGWsB7JoJkB1TF6bqGuCAKp1/1
Posting
Single Signature
Public Keys
STM5UKnGg125jyCrLecDg4U26HF81qQXsZ3UsMjhA4yBa9CSwgPnu1/1
Memo
STM8EthPBnk6zEarBnVJjdzWGN2uBPkmzg1mEpmHCQSXcd3VCk8sU
{
  "owner": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM8QuxqzhRHaxvnaSuijvgU6HG7dZzE1EGZRP97n1zH6MSksg8Sq",
        1
      ]
    ]
  },
  "active": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM6wmJjvrQanVbZSk8sR4WjC3NNNHoGWsB7JoJkB1TF6bqGuCAKp",
        1
      ]
    ]
  },
  "posting": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM5UKnGg125jyCrLecDg4U26HF81qQXsZ3UsMjhA4yBa9CSwgPnu",
        1
      ]
    ]
  },
  "memo": "STM8EthPBnk6zEarBnVJjdzWGN2uBPkmzg1mEpmHCQSXcd3VCk8sU"
}

Witness Votes

0 / 30
No active witness votes.
[]