Let’s explained Compounding!

To become a millionaire, you just need to understand one concept COMPOUNDING I’ll tell you exactly what it is Imagine that you give me 1 dollar to become a millionaire, you just need to understand one concept. I’ll double it every day and return it to you Tomorrow it’ll be 2 dollar. The next day it’ll be 4 dollar In that case, on the 30th day, how much will that 1 rupee be? 530 million. This is COMPOUNDING But how does this work in investment? Imagine that you invest 10,000 dollar a month In 10 years, it’ll be 2.3 million dollar In 30 years, it’ll be 3.50 million. In 40 years, it’ll be 120million. But what happens here? If we invest 10,000 dollar a month, it’ll be 120,000 dollar a year. Imagine that we get 12% returns. In the first year, 14,400 dollar will be returned In that case, the total amount will be 134,400 dollar In the next year, the returns will be above this amount In that case, the return will be 16,000 dollar The total amount will be 1.5 lakh rupee In 30 years, you’ll only get interest. It’ll be 42 lakh dollar It’s not just about investing in the long term. The magic of COMPOUNDING is to happen. HAPPY INVESTING!