EIGHTH WONDER OF WORLD

No, I am not talking about any monument, but this is the most powerful weapon for financial freedom which is known to everyone but very few can understand it to apply i.e.  " COMPOUND INTEREST ".

If you understand the power of compounding, you are very close to financial freedom.

 
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Let me show you how :

6% compounded per year for 40 years

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If you have 10,000 bucks, after 40 years, it will be 102,857 bucks. Look more than 10 times of your initial amount.

Now, you will say who have the patience to wait for 40 years. True that is where financial psychology & financial intelligence comes.

6% compounded per month for 20 years

If you have 10,000 bucks, after 20 years, it will be 11.8 billion bucks. Surprised!  Yes this is power of compounding.

Ya, I know you must be thinking, are you making me a fool? How can I get 6% per month for 20 consecutive years? This is where financial psychology & financial intelligence come.

Now, who will wait for 20 years?
Right this will be the question, I know


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