If someone offers you Rs. 1 crore today, or says take a Rupee that will double every day for 30 days, what would you pick?
The rupee will be 1 today, 2 tomorrow, 4 on the third day, 8 on the fourth day.
On the 15th day, your amount has become Rs 16384…
On the 20th day, it is Rs 5 lakh 24 thousand…
By the 30th day, it is over Rs 53 crore 68 lakhs…
Rs 53,68,70,912
It’s wild how compounding works…
And the biggest factor for it is time invested. You won’t see the magic at first…
But it snowballs into something so big as you stay invested over a long time, that it’s beyond magical
Which is why people end up making a lot more money in real estate than in stocks… because the ability to exit from your stock portfolio is so easy, that human behaviour barely lets time play its game.
-------------------------------------------------------------------------------------------------------------------------
Click here to subscribe to my YouTube channel:
bit.ly/3cpTleK -------------------------------------------------------------------------------------------------------------------------
Like, Share, Subscribe for more!
Follow me on my other social media handles for all updates, events and live sessions-
Instagram:
www.instagram.com/casarthakah...
LinkedIn:
in.linkedin.com/in/sarthak-ah...
Website:
www.casahuja.com/ -------------------------------------------------------------------------------------------------------------------------
A Chartered Accountant with about 10 years of experience in areas of Tax Advisory, Startup Consulting, Fundraising, Audits, Deal Advisory, Business Modelling and contract CFO services.
Winner of the ISB Young Leader Award 2017 and the Best All Rounder, PGP Class of '17, Sarthak has also been published about in the leading financial newspapers such as The Financial Express as possibly the youngest Indian to have completed the courses of CA, CS and CMA along with a graduate degree in Financial & Investment Analysis from University of Delhi, all by the age of 23 years.
@sachitm
3 months ago
man, this is so valuable to understand the concept of compound interest. Thanks you for showing us that time invested is more important than rate of return. You are a wealth of knowledge, thank you for sharing such high quality content. So inspired :)
|