Getting rich simplified
Everyone wants to be rich, but this money will not come from thin air !
If you have a job or business then the earnings can be invested somewhere for higher returns, which can make you rich !
Without doing this stock market course, you can still become rich !
In this Chapter we will explore the famous quote
Compound interest is the 8th wonder of the world. He who understands it, earns it; he who doesn't, pays it
As discussed in our CAGR Calculator we all know Compund Interest is made up of
- INVESTMENT AMOUNT - Initial Invested amount, also called PRINCIPAL AMOUNT
- INTEREST RATE - Return rate expected in the investment
- ANNUAL DURATION - Time span in years for which the Investment amount was left invested !