Albert Einstein, born in Germany on March 14, 1989, propounded the rules related to physics. But, this scientist also understood and accepted the Power of Compounding, the most powerful mantra in the world of business and earning money.
Millionaires are made from the power of compounding, which Albert Einstein called a wonder… Albert Einstein (Albert Einstein)’s name has been heard by almost everyone. Albert Einstein’s name comes to everyone Nobel Prize (Albert Einstein Nobel Prize), scientist, invention, relativity (Albert Einstein’s Theory of Relativity) etc things start coming to mind. Albert Einstein, born in Germany on March 14, 1989, propounded the rules related to physics. But, this scientist has also learned the most powerful mantra in the world of business and money making, Power of Compounding.Power of Compounding) was understood and accepted. Albert Einstein’s Power of Compounding (Earning money formula) was even called the eighth wonder of the world. The world of business, investment and investment also moves on the path of future with a better understanding of this mantra and any wealthy person has remained incomplete without its brilliant understanding.
This is the formula that if someone understands at the age of 15-20 years, then it is guaranteed that by the time he reaches the age of 40, he will achieve financial independence.How to get financial independence) and spend the rest of his life peacefully without any worries and troubles.
Power of Compounding
compounding interest (compounding interestEinstein had said about it that it is the eighth wonder of the world. Along with this, he had said that whoever knows the power of compounding earns and whoever does not know pays (in other words, he loses). It would also be appropriate to mention here that some people are doubting Albert Einstein’s statement of this type and they do not accept that Einstein has given any such statement. But in the world of business and investment it is said that Einstein said so.
Along with this, let us tell you that in that era, Albert Einstein’s mind is considered as the wonder of the world. People could not believe the intensity of his mind. His behavior, knowledge, understanding of religion and society was of a first class, which was not possible to understand and imbibe in that era. The circumstances were such that after his death, after doing the postmortem, the doctor took out his brain without informing the family and taking their consent. That mind was a wonder and this wonder mind had understood the power of compounding and tried to make people understand.
As the society moves, so do the people. But it is about earning money and those who know how to earn and increase money should know and understand it. Without the power of compounding no man can become a millionaire from a simple position.
Let us explain to you with some figures that What is power of compounding And how is it better than the system of simple interest (How compound interest is better than simple interest) Is.
If we invest Rs. The interest rate is 15 percent per annum and it is imposed for 35 years. In this case, with this rate of interest, after 35 years, the depositor will get Rs 1,33,17,552. Whereas the same money will be invested through compound interest at the same rate of interest for the same period of time, then can you guess how much money will be received… After 35 years, the investor will get Rs 14.37 crore back. Means where Rs 1.33 crore and where Rs 14.37 crore. This figure in itself has a lot to say. Yes, keep in mind that this formula is magical only when invested for a long time because in the initial 5-10 years you will not see much difference but in later years the difference becomes so much that it is less than a miracle. No.