The power of Compounding Compound interest is the 8th wonder of the world. One who knows it earn from it π and one who don't know just pay it π. Take instance of Warren buffet who had earned his 81.5 Billion dollars out of 84.5 Billion dollars when he crossed his 65th Birthday π! DEFINATION _ Compounding is the mathematical phenomenon where when you invest your money π°,that money earns returns and that return also earns a return... For example - If you start saving Rs.10,000 every month then after 10 years you will just have 12,00,000βΉ /- which is too low, but instead if you had invested it then it would earn you a bigger amount π. If you know Compounding in your early 20s then it would be more helpful to have an rich retirement. Time β³ is the biggest factor for compound interest and hence considered as the most important asset. To understand more efficien...
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