Dear Community,
In my previous posts, we talked about F.I.R.E and how to achieve financial independence.
While these goals might be years away for some of us, there’s a method that might accelerate the wealth creation process and help you achieve your goals faster.
I’m talking about the concept of compounding!
Compounding is the process of earning interests on interests already gained on an initial principal amount, making the gained interest a part of the principal. This way, the principal amount keeps increasing along with the returns.
Anytime you invest money in the stock market, you’re giving it a chance to benefit from compounding. We talk more about this here: The Secret behind the magic of compounding