If you're a regular follower of my content you will notice a platform I use Worthy. It's a bond purchasing platform. These bonds can be purchased for $10 each and have a 5% annual yield. This is just a brief summary of how the platform works, but I will for sure be getting a more detailed post about Worthy out in the future.
Long story short, you are able to earn interest daily on these bonds. This interest is compounded and added into your account daily. The cool feature about Worthy is that once you have accrued $10 worth of interest, you are able to reinvest that $10 into another bond. And guess what? That bond will then begin earning you interest as well. This is where the power of compounding begins. It's slow to start but is VERY powerful.
Today I reached another threshold within my account to purchase/reinvest into another $10 bond. I now have a total of 6 bonds that have been purchased through interest. This means that I have over $60 worth of interest in my account. This momentum will just keep growing and I will be able to earn interest even faster.
This rate of return on these bonds is far greater than any savings account that currently exists. But, with higher returns comes higher risk. Worthy does not have the backing that brokerages and banks have. This means when you invest into bonds with Worthy you are taking a little bit of risk into your own hands.
As I said above, I will make a post in the future that explains this platform much more in depth and give a full-fledge review. But in the meantime I just want to provide some popcorn content