0628 Blue Star Reads Classic Books No. 6

Everyone in the cryptocurrency circle should take a look at this chart.

I know everyone is pursuing a hundredfold return, and everyone has caught onto projects with hundreds or thousands of times the returns.

But ask yourself, did you hold onto it?

Perhaps 90% of people ultimately end up losing money.

Even with a modest return rate, look at the chart below. If there is a 6% compound return per year, then after 30 years, $1,000 turns into $5,743.

If there is a 20% compound interest rate per year, after 30 years, $1,000 can turn into $237,376!

If the principal is $10,000, then with a 20% compound interest, after 30 years it can turn into $2,373,760!

$2.3 million is enough for us to live well in China!

As the book says, even if the return rate is modest, over time, the returns brought by the power of compound interest will still astonish people!

In the Spark Fire group, with a principal of about $150,000, playing Hong Kong stocks and participating in IPOs, it turned into over $500,000 in 3 years. Each time participating in an IPO, the profits might not be high, but accumulating small amounts leads to more. The investment results after 3 years are better than 90% of people in the cryptocurrency circle.

This is the power of compound interest.

Similarly, the compound interest mindset can also be applied to other aspects of life and work.

Blue Star has benefited from posting 12,000 tweets and gained 21,000 followers, then established various monetization channels. It took about 3 years. My posts are not extremely viral; I have had posts with 100,000 views, some with 300,000 views, and even one with 2.6 million views. What you see now only has a few hundred views, but I am not worried. As long as I stay healthy and continue writing, my followers will exceed 100,000, then 200,000.

This is the original intention of founding the City of Compound Interest. If I gather 10, 100, or 1,000 people like me, the City of Compound Interest will have tremendous power because we measure our efforts in 3 years or 5 years of posting!

With the addition of Xiao Yi, who works as a corporate strategy consultant, has served the government and enterprises, and has been a CEO in multiple companies, I believe the City of Compound Interest will receive multi-faceted support!

#0 Degree Social #City of Compound Interest #Support System