Every day people are trying to save money only to end up with not enough or no savings at all. Many of us never understood how money works and therefore we( including me too) struggle to amass a lot of money. A great way for us to save and accumulate wealth is by the compounding effect. What is compounding interest? Compound interest is interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan. ( According to Investopedia ) What is the concept of Compound interest? The concept of compound interest is the addition of interest to the principal sum of a loan or deposit, in other words, interest on interest. it is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest. ( According to Wikipedia) Understanding how money works and how to find investment vehicles that increase your earning po...
Ms.Smiles will be sharing Making Money strategies that she is using to create wealth; utilizing alternative currencies such as Bitcoin, and the blockchain technology that is being used to create millionaires who have developed an alternative solution to securing income for their families since the pandemic hit the world in 2019. Since then many people have learned how to create income for themselves and their families by combining crypto with traditional methods to secure financial stability.