Compound interest is the ‘eighth wonder of the world’. He who understands it, earns it; he who doesn’t, PAYS it. That’s according to Albert Einstein. Today we are going to talk about how to earn passive income with crypto by taking advantage of compound interest.
We’ll talk about Dave Ramsey’s example of saving early in a compounding account. You’ll learn how you can end up with MORE money by investing LESS. The key takeaway from this example is that you don’t ever want to let your crypto sit idle. You want to make your crypto work for you. There are a few places you can store your crypto, and earn compound interest on it by crypto staking. Stay tuned to find out my favorite places for staking cryptocurrency.
0:57 Dave Ramsey
2:15 Compound Interest & Crypto
7:07 Yield Farming
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All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice.