Compound Interest

The Miracle of Compounding Returns – The Eighth Wonder

Benefits of Compound Returns

Some of the greatest minds in the world have marvelled over a simple, but extraordinary forceful concept – the power of compounding. Einstein called it “the greatest mathematical discovery of all time” and “the eigth wonder of the world.” The economist John Maynard Keynes described the “awesome power of compounded interest”. The Concept of Compounding The key to this concept is the way in which, given enough time, even apparently trivial amounts of money can turn into sizeable sums. In other words, the longer you […]

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Should I prepay my loan or Invest the money?

Should i prepay my loan or reinvest that money

Remember the time when you took a Personal loan to fund a requirement for your parents? Or, you had to take a loan for purchasing a vehicle or the loan was for your marriage or any other reason. The occasion goes through pretty well and now comes the first EMI and you wake up by the SMS on your mobile that Rs.7000 has been debited from your account on account of the Loan Payment amount. Now you realize that EMI is not actually Easy 🙂 […]

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