The Magic of Compound Interest … 🏦

“ Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn't, pays it”

• Albert Einstein

Albert Einstein famously referred to compounding interest as the eighth wonder of the world. He went on to state that those who understand it, earn it and those who don’t, will pay it. It is therefore important to understand what interest is, where compounding interest fits in and how to use it in your everyday life.

Source: https://www.regenesys.net/reginsights/the-eighth-wonder-of-the-world-compounding-interest/#:~:text=Albert%20Einstein%20famously%20referred%20to,%27t%2C%20will%20pay%20it.

I’m pretty happy when I find something that pays Compounding Interest …

Anything over 5%

Could you imagine earning something like 20 % Interest and paid monthly like HBD ???

This is unbelievable !!!! Talk about magic, and Wonders of the World.

I’m hoping to get to 1 Million HBD and earn $200,000 USD a year.

So in addition to HBD I am also stacking 1 million coins ($100 USD) on Cointiply to earn 5% compounding interest on those coins …

Diversification is the key. 🔑

Cointiply : http://cointiply.com/r/Yj8Y7

$100 USD = .00338 Bitcoin

With 1 Million Cointiply coins earning 5% interest compounded weekly I will earn an extra 52,000 coins per year….

1,000 coins per week that get deposited to earn more Interest.

Cointiply 5% Interest : http://cointiply.com/r/Yj8Y7

Compound Interest Calculator : https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator

Meanwhile … with 10,500 HBD in Hive Savings earning 20% paid monthly we get this after one year …