Stevie Says Social Podcast

Let's talk about the power of compound interest in ALL areas of your life - and especially, for those seeking a freedom-based business that leverages and divorces their time from their value. Compounding is a financial concept that involves earning returns not only on the initial (monetary) investment but also on the accumulated (monetary) interest or gains over time.Example: Let's say you invest $10,000 today, and each year you earn 10% interest. In year one, your total earnings is $1,000 on your initial investment, for a total of $11,000. But by year TEN? Your original sum has compounded because each year, you have earned interest on not only the original $10,000 but ALSO on the 10% interest each year. Your investment has snowballed to $27,000(ish) and the MAJORITY of that is made up of the interest earned from the original investment. They say compounding is the eighth wonder of the world, and there's no wonder why. In today's podcast episode, we're applying the concept of compound