The key is the power of compounding, the snowball effect that happens when your earnings generate even more earnings. You receive interest not only on your original investments, but also on any interest, dividends, and capital gains that accumulate—so your money can grow faster and faster as the years roll on
So How Does This relate to My Steemit Account and My Bottom Line?
As Steemit gains popularity more users will become aware of this new social platform and the value of the Steem Currency. This will continue driving prices upward.
Your little posts today will add up to bigger Steem payouts and more Dollars Tomorrow.
Do you see how the power of compounding could be applied here?
Check out the wallets of some of the more established users on Steemit. In case you didn't know every wallet is public and can be found by clicking on the
In my case you can see @linnieK has a small amount of currency in it.
But Wait.... There's more......
What if the value of Steem goes up? Like it has been doing.
When you look at the wallets of experienced Steemians you often see they have pretty staggering sums of currency in their wallets. Not only does this give them dollars, but also gives them more clout on the platform.
These wallets - most of which were created only a year or so ago are PROOF of the power of compounding. The price of Steem was a joke compared to where it is now, even with the drop last year. Those who kept steeming got Steem when it was worth 15 cents. Now their accounts are looking mighty healthy.
Your little minnow post today may attract a few followers. Who knows who those followers are or who they might become in the future.
The point of this post is to think BIG! Small gains now will amount to larger gains later. It's all through the power of compounding.
Please also check out my post
Follow and Upvote @linnieK