It is no accident as to why Albert Einstein named Compound Interest the 8th Wonder Of The World.. He was a smart man.
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This is a huge topic (One of my favorites) and I probably won't get through everything in this post. Let's discuss what exponential growth can teach us...
Exponential growth and compound interest are clear in various factors. One of which, you will see that they both gather the bulk of their 'value' and the ending stages of the compounding period. So much that it actually makes the beginning stages incalculably minute.
This graph shows exactly that.
How Does This Help In Life?
It can make any person absolutely wealthy beyond any measure!! I will talk more in detail in an upcoming post, but just know if you are the kind of person looking to attract wealth, and I mean serious wealth, then worry no more, because I can help :) Stay in touch for my next post and I will explain.
But talking about compounding, and exponential growth, the power in the principal stages is able to add up to make quantum leaps in due time.
If you don't believe my judgement, then I will repeat that Albert Einstein didn't name it one of the Wonders Of The World for nothing.
And yeah, sorry if this isn't the funnest post, but it's a MUST for the buildup to explain true wealth!
Compound interest isn't just the money you earn on your money from your bank investment.. It applies to everything in life. It is necessary for turning anything average into something great!
Compound interest is also multipliable from it's principle amount. In a nutshell what this means is, $5 gaining 10% per year will be $30.02 after 18 years. Halving that interest rate to 5%, most people would assume the amount after 18 years would be $15.01, but it would be in fact $12.28.
Why? It creates a negative-compound.
Yet, if you kept the same rate of 10%, but halved the principal $5 to $2.50, the end amount after 18 years would simply be worth half... $15.01.
With that being said, it is important to make quantum leaps in whatever it is you do. The people that set themselves up the strongest when starting something, are always the ones to finish at the top. It's simply the Law Of Averages.
Hope you were able to take something from this :) I kinda just got everything out of my head that I have been pondering about the last few months about growing :P
Lookout for my next post. I will reveal how absolutely anyone can become INCREDIBLY WEALTHY.
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