“Compound interest is the world’s greatest discovery” – Albert Einstein
“In case you earn Rs20,000 per month, do you know how many years it will take for you to become a Crorepati? Not 10 or 20, but 50 years!” exclaims Amitabh Bachchan, the anchor for “Kaun Banega Crorepati”.
Mr Bachchan, did you know that if you invest just Rs9,250 once and earn 15% per annum on this investment then, in 50 years you will be a ‘Crorepati’ too!
And in case you invest Rs20,000 every month for 50 years under similar terms, you will be worth more than (hold your breath) Rs173cr! That is Crorepati 173 times over!!!
Reality is Compounding Works in Excel and PPT Presentation and in Youtube Videos.
and Power of Compounding is the Most Abused one in the world of social media.
Those who talk about Financial Freedom lure new investors and sell dreams of making money in crores and in millions.
The reality is if compounding is so easy then everybody could be a millionaire. Even one wrong game is enough to bring back to square one. Compounding is not everyone’s cup of tea!