Dear readers,
Those that know it, make it. Those that are ignorant, pay for it.
Einstein claimed that compounding is the eight wonders of the world.
Let's expound further.
Say, I sold Manhattan Island to Columbus, 500 years ago (the year 1518) at 5 dollars and compounded it at 6 percent per year.
How much is it worth now.
Let the magic of 72 works.
It takes 12 years for my money to double.
So, we have 42 doublings.
That money would worth 20 trillion by now.
See 5 dollar turn to 20 trillion if you sit long enough.
Fear God,
Beginning of wisdom,
Lean not,
Own understanding.
Have a Productive day ahead,
Dr. Lion.
Those that know it, make it. Those that are ignorant, pay for it.
Einstein claimed that compounding is the eight wonders of the world.
Let's expound further.
Say, I sold Manhattan Island to Columbus, 500 years ago (the year 1518) at 5 dollars and compounded it at 6 percent per year.
How much is it worth now.
Let the magic of 72 works.
It takes 12 years for my money to double.
So, we have 42 doublings.
That money would worth 20 trillion by now.
See 5 dollar turn to 20 trillion if you sit long enough.
Fear God,
Beginning of wisdom,
Lean not,
Own understanding.
Have a Productive day ahead,
Dr. Lion.
No comments:
Post a Comment