How to Grow Rich with The Power of Compounding
eBook - ePub
Available until 23 Dec |Learn more

How to Grow Rich with The Power of Compounding

Accelerated Wealth Creation Blueprint, for the Success you truly deserve!

  1. English
  2. ePUB (mobile friendly)
  3. Available on iOS & Android
eBook - ePub
Available until 23 Dec |Learn more

How to Grow Rich with The Power of Compounding

Accelerated Wealth Creation Blueprint, for the Success you truly deserve!

About this book

You can become a millionaire or even a billionaire by simply understanding and applying the ‘The Power of Compounding’ principle. It requires no special skill. Virtually anyone can do it. No wonder Einstein called it the ‘Eighth Wonder’. In this book bestselling authors Praveen & Prashant Kumar explain the true power behind compounding which most people fail to understand and become rich. If it is so simple then why are there so few millionaires in this world? This is because most of us learnt about compound interest at school. We also did a few sums but no one ever explained to us either its power or application. Our teachers and parents would be millionaires if they understood or had any comprehension of its awesome power. This book will answer the following vital aspects of compounding that no one explained to you: •What is tunnelling effect?
•What is critical mass in compounding?
•How a dollar a day can turn you into a millionaire?
•How you can go broke with reverse power of compounding?
•How to find dollars to invest?
•How to leverage for higher returns?
•How inflation effects compounding?
•How to harness the power of compounding? This book will teach and empower you to use ‘The Power of Compounding’ and grow exceedingly rich within your lifetime. Once you read this book being a millionaire will not be just a dream but a reality.

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Yes, you can access How to Grow Rich with The Power of Compounding by Praveen Kumar, Prashant Kumar in PDF and/or ePUB format, as well as other popular books in Desarrollo personal & Gestión del patrimonio. We have over one million books available in our catalogue for you to explore.

Information

Publisher
Praveen Kumar
eBook ISBN
9780473459802
Edition
1
Topic
Desarrollo personal
Subtopic
Gestión del patrimonio

Study by Market Logic

In order to emphasize the importance of time in the power of compounding, I am including this extraordinary study done by Market Logic, of Ft. Lauderdale, FL 33306.
In this study we assume that investor B opens an IRA at age 19. For seven consecutive periods, he puts $2,000 in his IRA at an average growth rate of 10% (7% interest plus growth). After seven years, this fellow makes NO MORE contributions—he's finished.
A second investor, A, makes no contributions until age 26 (this is the age when investor B was finished with his contributions). Then A continues faithfully to contribute $2,000 every year till he turns 65 (at the same theoretical 10% rate).
Now study these incredible results: B, who started investing at an earlier a...

Table of contents

  1. Understanding the Power of Compounding
  2. The Tunneling Effect
  3. Compounding Works in Time
  4. Study by Market Logic
  5. Effect of a Small Increase in Interest Rate
  6. How a Single Dollar Has the Power to Grow into a Million Dollars
  7. How a Dollar a Day will make you a Millionaire in your Lifetime
  8. Compounding in Reverse - Can Make You Go Broke
  9. How to find Dollars to Invest and Compound?
  10. Five Steps to Harness the Power of Compounding
  11. What about inflation?
  12. Other Books by the Authors
  13. About the Authors