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FoundrBite

Stealth • 4d

"Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful." – Albert Schweitzer Topic: Compound Interest – The Game Changer in Wealth Building Imagine two friends, Raj and Priya. Both are 20 years old, and each decides to start investing ₹10,000 every year. But here's the catch: Raj invests from age 20 to 30 (10 years) and then stops, leaving his investment to grow. Priya starts at age 30 and invests the same ₹10,000 every year until she turns 60 (30 years). Who do you think ends up with more money at age 60? The Power of Compound Interest Compound interest is interest earned on both the initial principal and the accumulated interest from previous periods. It's like a snowball rolling down a hill, getting bigger and bigger. Raj's Investment: Total investment: ₹10,000 x 10 years = ₹1,00,000 Assuming an annual return of 10%, his money grows for 40 years without any further contribution. Priya's Investment: Total investment: ₹10,000 x 30 years = ₹3,00,000 Her money grows for only 30 years. When we calculate, Raj ends up with more money than Priya, despite investing less! This demonstrates the value of starting early. Priya and Raj lived in a small town and wanted to retire rich. Priya thought she could wait until she earned more, but Raj understood the value of starting early. While Priya was buying the latest gadgets, Raj focused on investing. When they turned 60, Priya was shocked to see Raj’s wealth far surpassing hers, even though he had stopped investing years ago. She realized that time is the most valuable asset in building wealth. Follow Our Medium blog for Finance and Business insights like this: https://medium.com/@FoundrBite

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FoundrBite

Stealth • 21d

"The best way to predict the future is to create it." – Peter Drucker Today, we’ll focus on Finance Concepts. Concept of the Day: Compound Interest Compound interest is a fundamental finance concept that builds wealth over time. Let’s explore it in

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Hemant Prajapati
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Techsaga Corporations • 1m

I was listening to a podcast yesterday and found this so interesting, I had to share it with you. Okay !! Now !! . Let me tell you a story about Raj. He wanted to buy a house, so he took a ₹30 lakh home loan. The interest rate was 8%, and he had 30 y

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Aryan Gupta

Stealth • 3m

WILL THIS WORK? I am planning to build an investment native social network and our goal is to: 1. Connect investors and facilitate knowledge sharing. 2. Educate users on investing and personal finance. 3. Empower informed investment decisions. 4.

YES

Votes: 7

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sahil ansari

Stealth • 8d

I am investing dogelon 70 dollar for next 3 years . let's what happen of investment 👍

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Stealth • 8m

Gold bond or index/mutual fund . Which is best for investment ? For long term 15-30 years

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Himesh Jain

Stealth • 7m

Hi what are your thoughts on Compound interest Let's say if I invest 10000 Rs every month for 40 years at an annual interest of 8% then after 40 years My invested amount = 48 lacs Money I will get = 3.51 cr But will it really be worthy with an a

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rittika guha

Stealth • 6m

Hallo, Attention everyone I need a suggestion!! If , someone have 30 or 40k Rs in her or his hand if he/she want to earn more mostly double where he/she should invest . It's most probably for 5 years..

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FoundrBite

Stealth • 24d

"The best way to predict the future is to create it." – Peter Drucker Finance Concept: The Rule of 72 is a simple formula used to estimate the time it takes for an investment to double in value, given a fixed annual rate of return. The Formula:

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