Money and Honey

Personal Finance, Stock Market, Mutual Funds, Bonds and Investment Strategies.

Showing posts with label Compounding. Show all posts
Showing posts with label Compounding. Show all posts

Thursday, 5 January 2017

The Magic of Compounding

Napoleon Hill author of best seller ‘Think and Grow Rich’ is often credited as saying that ‘Make your money work so hard for you; so that you do not have to work for it.’ Various books have been written on the art and science of making money based on more or less the same principle. Mathematically speaking ‘Make money work for you’ is called as compounding or simply compound interest. Albert Einstein was amazed by the power of compounding and...