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Friday, 30 September 2022
#তাড়াতাড়ি #শুরু #করুন এবং #চক্রবৃদ্ধির #ক্ষমতার #সুবিধা #নিন #Start #Early and #avail #advantage of #power of #compounding
Mathematically
speaking, compounding is defined as, ‘the increase in the value of an
investment, due to the interest earned on the principal, as well as the
accumulated interest.’
Simply put, it is
a strategy that makes your money work for you. It could be regarded as a
powerful tool to grow your wealth. You can use the power of compounding to plan
your future goals, such as retirement.
If you observe the picture then you can
figure out that a man started his retirement planning at 25 years and another started
at 35.Their investment amount are same but the return gap is of 6.53 crore.
So start Early and avail advantage of power
of compounding.
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