A very famous saying , Money save is the Money Earned , thinking why it has been said and what is the secret in these few words ?
Lets take a person of age 18 years starts saving 2000 per month and indulge in the day to day life work as a common man do . With an interest rate of 9 % going ahead in the life , Person forgets about this account . One day after getting retired at the age of 60 , Person felt that He was not able to save much in the life , as His income got increased inflation killed his income and In the family responsibilities, He was not able to save much and after the retirement , worries about the Financial insecurity.One day , He remembers His old saving account and check the balance details of it and astonishingly , He has become Millionaire and total of 11102253 (around 1 crore and 11 lacs ) amount is present in his account with the saving of just 2000 pm .
He couldn’t believe Himself , Now after the age of 60 , with this amount at a 9% interest rate , He would be getting 80000 pm which would be sufficient for Him to enjoy rest of the life in His Own way. He could never imagine to become a millionaire one Day with a 2000 saving !!!!...
But he was not among the common man rather a Smart man whose small saving made Him very Uncommon and made Him free from Financial worries after His Retirement.This is really a magical power of compounding and is rightly said ‘Fortune favors the Early Bird’. Ultimate Magic lies in the meaning of the Power of compounding and one who understands it at an early age , He can see the magical power of it in Future .
~~~~~~~~~~~~~~~~ ~~~~~~~ Patience Pays and Secure the Future ~~~~~~~~~~~~~~~~
