Hi,

(pixabay image)

There is no doubt that compounding becomes a great factor in a long run. If an assets value gets double in 10 years, it will take less than 10 years to double further. It is because of adding interest every year and getting further interest on interest received in the previous year. This is the way of increasing the wealth and get rich.

Investing on #steem is also maximizes our wealth. We get interest on it and also receive curation rewards. This is in addition to our profit from writing posts. That amounts added and further generates interest. So, compounding also works on blockchain based social media platforms. If someone is not doing much, that person can earn passive income by receiving interest and curation rewards.

That's why I love steempowerupday. I am waiting for the day on which I will powerup my account.

With love from @erica005.