Nothing feels better than letting your money work for you...

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Compounding is a wonder

Yes, we are in a bear market, and that is just about all I want to say about that. Because, there is actually nothing more to say about it than that. Bear markets come and go, that is just how markets act. But one big important things stays put, if you are in a bear market or in a bull market. Compounding keeps going! Always and forever. And that gives me such a good feeling. I love to see how my money is working for me. It gives a sense of ... freedom.

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All markets

Whether it is the stock market, bond market or the crypto markets, there are always ways to make compounding work for you. With stocks, when the bear is there, you go to dividend stocks, which keep you giving an income, which you invest back again, to give you even more dividens later on. Bonds are easy, you reïnvest the interest you get paid, and earn even more interest later on. And then there is the crypto markets. The ways for compounding are limitless in the crypto sphere. For Hive alone, there are dozens of ways to let your money work for you. By just staking your Hive into Hive Power, you get just shy of 3 % interest per year. HBD savings give you 20 % interest per year, which is even paid out monthly, so the compounding works even faster there. There are option in Play2Earn games like Splinterlands, Rising Star, to earn on your investment. By staking tokens, by airdrops for having tokens in your account, etcetera... There is Polycub, where turning your Polycub into XPolycub gives you an immense return in the long run...

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100 $ Benjamin knew it too!

The ways to make your money work for you in this world are so big, it is a shame so very little people really use them. It is the 8th wonder of the world, Albert Einstein said it, and he was one hell of a smart dude.

Have a great week ahead,

Sincerely,

Pele23

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13 comments
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I agree with you that there is nothing like letting your money to work for you. With respect to compounding , i will advise you to strike a balance between compounding your rewards and taking out profit. Most times we are carried away by the rewards and the APR that we fail to take out profit. I remember having up $1000 worth of stargaze token and daily $5 staking reward. I was busy compounding , today my stargaze is worth $45 .

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So sorry about this. But if you didn't sell.. there is still a possibility of regain additional profits..

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Of course but the lesson has been learnt.

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True, sometimes you have to live too! Off course

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I like to believe time made the first money...

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There is little doubt that compounding is something that everyone should put to work for them. Unfortunately, for most, compounding usually only applies to debt.

This means that we have people experience only the negativity associated with it.

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True, some debt is necessary to get started in this world, sadly, but as soon as you can pay off your debt, one should do that, and let your own money snowball!

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That is true although debt can be an asset. So being totally debt free is not the path to enormous wealth either.

Knowing how to use it and to pay a lower rate on the money while getting a higher rate of return and then compounding that is the key to success.

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It's the first step toward financial freedom and I think it's one of the best financial tools. You either spend time or money so it can work for anyone.

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