The Power of Compounding

[Kane]

If you want to grow your wealth, you need to compound your profits. Compounding profits means you reinvest your profits. lets you have invested $1000 and you received $50 profits on your investment. Instead of withdrawing this profit, you should reinvest and compound your investment into $1050. This will help you build your wealth quicker.

 

[Niyi]

The power of compounding is its ability to turn a small investment into a much larger sum over a long period of time, through the reinvestment of gains. This makes compounding a key component of long-term wealth building and retirement planning.

 

[Riberet19]

Yes, compound interest is one of the best methods to grow your wealth quickly, that is if we must look for the right place to put this investment to carry out compound interest

 

[Niyi]

If you are conscious of big financial goals, that is if you have one, you would feel the need to plough back your profits into your investment so as to have a greater stake and a bigger future.

 

[Riberet19]

If you are conscious of big financial goals, that is if you have one, you would feel the need to plough back your profits into your investment so as to have a greater stake and a bigger future.

Yes, setting goals is the wisest in terms of investment, that if as long as they are realistic to arrive and establish new ones, in this the compound interest can help us.

 

[Iboro]

That's why we use to say that if feeding is your problem, you should get a job and not a business. A hungry businesman can never practice compounding.

 

[Salt]

That's a very good Tip, Nomad, It's the best option and that's why I am looking for good ways to invest money and earn interest that is also tax free

 

[Bisolami]

If you want to grow your wealth, you need to compound your profits. Compounding profits means you reinvest your profits. lets you have invested $1000 and you received $50 profits on your investment. Instead of withdrawing this profit, you should reinvest and compound your investment into $1050. This will help you build your wealth quicker.

That helps to build wealth faster instead of withdrawing your money all the time.
I have tried it and it worked

 

[Riberet19]

It is true that compound interest is one of the best ways to grow economically and organically, the only thing we must find is a reliable investment where we can make the compound interest or do it in different investments to diversify and minimize risk.

 

[Bisolami]

It is true that compound interest is one of the best ways to grow economically and organically, the only thing we must find is a reliable investment where we can make the compound interest or do it in different investments to diversify and minimize risk.

There are also times that you are going to compound and you will lose all your money so you need to be very careful when you are compounding

 

[Salt]

We need to learn more about these compounding schemes as they can help us in earning better and I heard about a program started by Govt. of India so I will research more about it

 

[Inem]

It is important to compound your profit. It would help you to expand your investment and build wealth. It is called delayed gratification.

 

[Salt]

There are different schemes available in the market now that allow us to earn from compounding but we need to choose the one that is best for us

 

[Riberet19]

There are different schemes available in the market now that allow us to earn from compounding but we need to choose the one that is best for us

For example, you could do it in reliable exchanges with stable currencies, for example USDT, you do it with small amounts that you can contribute to minimize the risk.

 

[Good-Person]

There are different schemes available in the market now that allow us to earn from compounding but we need to choose the one that is best for us

I usually tend to invest money and then reinvest the profits. It is quite different from compounding interest, however.

 

[Salt]

For example, you could do it in reliable exchanges with stable currencies, for example USDT, you do it with small amounts that you can contribute to minimize the risk.

I really need to learn about it but I think its tough and little risky to invest in online schemes and better to look for bank schemes

 

[Inem]

I believe strongly in compounding as an financial multiplication strategy. It is not all profits that must be spent. Invest and watch more profits come in.

 

[Salt]

We should look for more ways to invest and can invest our profits in a different scheme to earn more

 

[Riberet19]

I really need to learn about it but I think its tough and little risky to invest in online schemes and better to look for bank schemes

Well honestly we have already seen that banks are not safe from bank runs lately, credit suisse, sillycon valley bank, silvergate possible deutsche bank too, no place is safe, you just have to minimize risks.

 

[Salt]

That's correct but in India, deposits are safe till $6250 in the single bank so we can go for multiple banks if we like to deposit more