#MoneyMonday ππ¨ππ’π―πππ’π¨π§ Albert Einstein is said to have said that the greatest creation of man is compound interest. While this is a rumour, it maybe worth exploring why compound interest can even be seen as this valuable.
Albert Einstein to the people who quote that: 
Why is compound interest so great? 1. It ensures that in time, even the poorest person in the world can create wealth for generations yet unborn. $1 put into fixed deposit at 5% interest, will become a million dollars one day.
2. Itβs better to start early and be consistent than to start later and do it for longer.
3. It takes away the power from education and intelligence and gives it to consistency.
3. It takes away the power from education and intelligence and gives it to consistency.
4. It doesnβt matter if you are coming out of jail or Yale, once you are consistent you can enjoy the power of compound interest
5. Compound interest makes when you start more powerful than how much you saved. Early is best!
5. Compound interest makes when you start more powerful than how much you saved. Early is best!
Now this is applying compound interest to money, compound interest can also be applied to business or career. It has a similar effect.
The real value in any business is its capacity to compound. Itβs not how much profit it makes in a year that matters, but that it is compounding
The real value in any business is its capacity to compound. Itβs not how much profit it makes in a year that matters, but that it is compounding
When making your career choices as well, itβs not about how much salary you will be paid, but are you going to be building upon your last experience, is your brand and value compounding?
My key question for you today is, what are you compounding?Or simply, what are you building?
My key question for you today is, what are you compounding?Or simply, what are you building?
Here are a few things you can compound:
1. Finances;
2. Career;
3. Businesses;
4. New Assets;
5. Networks and relationships;
6. Your faith.
What are you consistently building? Are you starting early? Itβs never too late to start. Wake up now!!
1. Finances;
2. Career;
3. Businesses;
4. New Assets;
5. Networks and relationships;
6. Your faith.
What are you consistently building? Are you starting early? Itβs never too late to start. Wake up now!!
β’ β’ β’
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