MIRACLE OF POWER OF COMPOUNDING IN WEALTH CREATION
THE POWER OF COMPOUNDING IS THE MOST POWERFUL FORCE IN THE WORLD
THE POWER OF COMPOUNDING IS THE MOST IMPORTANT OF ALL WONDERS OF THE WORLD
THE BEST TIME TO INVEST IS FROM AGE ZERO, AND THE SECOND BEST TIME IS NOW.
"...work like you don't need the money..."
"Let money work for you."
The Power of Compounding (POC): Affects many aspects of life:
1. Wealth creation
2. Disease: spread & prevention
3. Population dynamics, politics, and the future of the world
This book will be on wealth creation.
2009 by Dilip Ray. All rights reserved
No part of this publication may be reproduced, stored or transmitted by any means and form, photocopying or scanning except author’s permission.
The author has used the best efforts in preparation of this book and makes no guarantee with respect to the accuracy of the contents of this book,
There is no advice. Facts presented and strategies are made and may not be entirely correct and suitable for the readers. The reader should seek appropriate professional advice before making any form of investment.
Past performances are no guarantee of future performances.
The author will not be liable to for any loss of profit or any kind off damages.
I greatly appreciate the efforts made by Ms. Ashley Carlyle in preparation of this book including editing.
POWER OF COMPOUNDING (POC)
Mechanism POC & examples 7
Difference between simple and compound interest 9
Calculation by rule of 72 11
Starting time of investment & POC
starting early vs. late? 13
Rate of Interest & POC 32
POC also Works reverse Way: Paying off Home
Mortgage Early 38
College & University Endowments 48
Creating wealth for children 54
Paying the Annual Tuition to Attend Private School
Saving Money by Attending Public School for Free
& Investing the Money Saved 55
Earning an Undergraduate or Postgraduate Degree 60
Getting a Job and Making Investments
Real life & hypothetical examples 89
Effect of dividends on growth of Investment 143
Can POC fail? 145