When you put the money into SP, it earns interest. 90% of steem created each day gets distributed to content producers, curators, and SP holders.
So save it up. When you're ready to cash it out, it will pay you weekly over 104 week payments. So let it build up more and more if you can.
Ok so your saying when people pay me in Steem for winning contests, that im doing the right thing by not keeping it in steem and putting it into steem power! Thanks! Sorry but this is all new to me, and i just didnt know what to do with it when thay transfered my winnings to Steem. Thanks for your reply, youve been very helpful!
you only need steem power here @karemkersie, the rest has uses which are specific in nature, transfers to others eventually or just cashing in your steem chips at the exit. But if you want in and be a steemster, you need to hold on to that steem power !! .