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THE MIRACLE OF “COMPOUND INTEREST EFFECT” FROM A 64 SQUARE CHESSBOARD STORY

I. "Compound interest effect" is known as the 8th wonder of the world

The famous physicist Albert Einstein called this effect the 8th wonder of the world. Because those who understand it will use it and "earn". And those who don't understand will pay for it.
Why did Einstein call compound interest the 8th wonder of the world? To know that, read this entire post.

II. A little story to understand better:

Once, the king was playing chess. The king loved this game and invited its creator to his palace. The king said, "Ask whatever you want. I will reward you." The man replied, "King, I don't want anything big. I just need a grain of rice on the first square of the board and double the amount on all subsequent squares. Please grant me those grains."

When the king heard this, he was extremely angry and replied: "How incompetent! Are you looking down on me? If you wish, I can give you gold, silver, diamonds or whatever valuable". But the man still refused and replied: "I just want the amount of rice that I asked for".

Then the king thought that this man did not want to become rich. He called the servant of the Palace and asked for the amount of grain according to his request. After a number of days, the palace servant came to the king and said, "Your Majesty, we all think he is a weakling. But he is very intelligent. No one in this world can give as much grain as he asks."

How is it possible? If you think so, read the explanation below.

#1. The magic of compound interest

The chessboard has a total of 64 squares. As the man asked: If you put 1 grain of rice in the first square and duplicate it in the next square. The total number of paddy will be calculated like this: 1 + 2 + 4 + 8 + 16 + 32... when it has 64 squares. Total amount of rice will be 18,446,744,073,709,551,615. We don't understand how to count it. But if you estimate it, it will be 461 billion calculation units. Today, the value of that grain is more than 300 trillion dollars, equivalent to the total wealth of the whole world.

Now we can understand that man didn't just take small grains of rice. He is very intelligent, he knows the power of the compound effects, so what he is asking for is the entire wealth of the world.

#2. Movement of the compound interest effect

The compound interest effect is also known as the domino effect or the snowball effect. It's like a process: We invest in something and get a return on it. In the compound interest effect, you get the profit from the profit.

Money grows rapidly over time. That means your money will continue to multiply over time. Let's look at the example below:
I will give you two offers: Either I will give you 5 USD a day, or 1 USD but will keep doubling for 30 days. Here are two options for you. Which one would you choose? Supposedly you choose the first way, your friend chooses the second.

On the first day you have 5 USD and your friend only has 1 USD on the first day and 2 USD on the second and 4 USD on the third. Like this, the growth rate is very slow.
When we look at the growth, we will feel that this is not a big growth. But the real magic happens on the 18th day. That 1 USD will become 131072 USD on the 18th day, that is the cut-off point, after the cut-off point money will increase faster. That $131072 will become $536870912.00 in 30 days.

That is the power of compound interest. The compound interest effect will take some time and slowly it will give you big results.
If we examine the graph of compound interest, you can see, It will give higher growth over the past years of investment. As I said after the point of arrival, the growth will be very high. A person can generate 70% of his wealth after age 50.

But most people usually don't have the patience. If they try a few times and get no results, they give up.
Many people will start exercising but at most they do it within a week. Because they don't get tangible results in a week, they think it's a waste of time and give up as a result. A lot of us want to improve our lives and so start reading some books. But after starting to read without getting anything, we all drop it before the limit is reached.

You can apply compounding in every aspect of your life. We should all understand one thing, there is no overnight success. If we see someone become famous, all will think that they became famous overnight.

But actually, they spent many years working hard to become famous. None of us can see it. Do you know the famous football player Lionel Messi, it took him 17 years to become successful. 17 years of hard work is his overnight success.

#3. How to use compound interest?
If you want to reap the benefits of compound interest, start small and do it consistently. After a few years, you will get the greatest payoff for all your efforts. Do everything on purpose, decide for yourself and don't live like a machine.





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WALA.

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Paano nga ba magkaroon ng FINANCIAL PEACE OF MIND?

Sagot: Build your Solid Financial Foundation

Narito ang tamang steps, ayon sa pagkakasunod-sunod, para makabuo ng isang Solid Financial Foundation:

1.) HEALTHCARE

✓ Ito ang sasagot sa ating mga medical expenses kapag tayo ay nagkasakit sa kalakasan natin sa pagtatrabaho o sa ating kahinaan sa katandaan.

✓ Marami ang nauubos ang inipon dahil lang sa isang sakit. Kaya mainam na magkaroon ng healthcare protection, short-term at long-term, para walang masyadong aalalahanin sa mga gastusing pang-medikal.

✓ Ang Kaiser Ultimate Healthcare ang flagship product ng IMG. Isa itong 3-in-1 Level One Investment dahil una, ito ay may term insurance, ikalawa, ito ay may hospitalization benefits, at ikatlo tumutubo ang pera mo ng 10% compounded annually kung kaya sa maturity age, halos nag-triple na ang iyong investment.

2.) PROTECTION

✓ Kung ikaw ang breadwinner ng pamilya, nararapat na maprotektahan ang pamilya mo kung sakali (huwag naman sana) na kunin ka agad ni Lord, o ma-disable ka (again, huwag sanang ipahintulot), o mawalan ka ng trabaho (medyo mas manageable ito).

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✓ Hindi advisable na mag-invest ka kung baon ka sa utang. Kailangan mo munang mabayaran lahat ng utang mo bago ka mag-invest.

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✓ At huwag na huwag kang mangungutang para lang may pera kang pang-invest.

4.) EMERGENCY FUND

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✓ Ang emergency fund dapat ay katumbas ng 3 hanggang 6 na buwang halaga ng iyong kinikita o sinusweldo. Kaya kung kumikita ka ng kinse mil isang buwan, may naitabi ka dapat na halagang Php45,000 hanggang Php90,000 pang-emergency.

✓ Dapat ito ay nakatabi sa isang accessible na lagakan kagaya ng ATM account. At huwag na huwag mo itong gagamitin kung hindi naman emergency.

5.) INVESTMENTS

✓ Dapat ay na-address mo na ang unang apat na hakbang bago pa man ikaw mag-invest.

✓ Maaari kang mag-invest sa mutual fund, sa stocks o sa real estate.

✓ Anuman ang pasukan mong investment, pag-aralang mabuti para huwag kang ma-scam. Ang mutual fund investment ay naglalaro mula 4% hanggang 18% interest. Mas mataas na higit pa dito, magduda ka na.

✓ Marami sa ating mga investors ang naglalagay agad ng kanilang malaking perang naipon sa stocks, sa mutual funds o sa real estate. Paano kung magkasakit ka't maospital? Hindi mo naman pwedeng ipambayad ang iyong stock certificate o mutual fund statement. Kaya most probably, ipu-pull-out mo ang investment mo para may ipambayad ka sa ospital. Ang masama, kung bagsak ang stock market, at kinailangan mong i-pull-out ang investment mo. Talo ka dun. Kaya importante na may health insurance ka. Kung hindi, baka mangutang ka pa nga sa iba.

Masarap ang alam mong nasa tamang direksyon ka at mayroon kang kaalaman sa tamang paghawak ng iyong pananalapi. Hindi sapat na ikaw ay matipid at nag-iimpok. Dapat alam mo rin ang tamang mga hakbang para mas maging matatag ang iyong pampinansyal na pundasyon at kung paano mo pa mas palalaguin ang iyong pera.

Buti na lang at may Wealth Academy ang IMG. Lahat ng kailangan naming malaman para mabuo ang solidong pampinansyal na pundasyon ay itinuturo sa mga serye ng kanilang training. Ang maganda pa nito, ang mga speakers ay tunay na practitioners ng kanilang mga talks. Practicing what they're preaching, ika nga. Kaya sobrang dami ng aming natututunan!

Maaaring ngayon ay nagkakandakuba ka para kumita ng pera. Pero kung masusunod mo ang limang steps na nai-share sa itaas, hindi magtatagal at ang pera naman ang magtatrabaho para sa iyo. At bago ka pa man siguro dumating sa iyong retirement age, nakamit mo na ang inaasam ng marami - ang Financial Freedom. Samahan mo kami tungo sa direksyon na ito!

Simulan sa financial education.

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Here it is my friends! 😊
(take the advantages)

👉Pwede ka namang mag invest directly sa mga Mutual Funds companies...

👉Pwede ka din mag invest sa stock market directly...hanap ka lang ng broker mo.

Eh bakit ka pa kelangan mag member sa IMG?

Anong difference?

Sagot:

👉48 MEMBERSHIP BENEFITS

May benefits ka habang nag iinvest ka. Yun lang naman talaga yun.

👉Ano ba naman yung insured ka ng 100K (and up to 700K kung OFW ka) habang nag iinvest ka? (Pwede ka namang bumili...pero ito libre)

👉Ano ba naman yung habang nag iinvest ka may libreng seminars kang pwedeng attendan anytime, para maintindihan mo yung ginagawa mong pag iinvest?

👉Ano ba naman yung may libre kang check up sa mga Kaiser clinics?

👉Ano ba naman yung may libre kang salamin, 2 frames👓 taun taon? 👓

👉Ano b naman yung may discount ka pag bumili ka ng kotse?🚘

👉Ano ba naman yung may discount ka pag bumili ka ng condo?🏢🏣

👉Ano ba naman yung pwede kang nag qualify para sa libreng healthcard na may coverage na at least 70K per sickness per year?

👉Ano ba naman yung may international business opportunity ka kung san pwede kang kumita ng pandagdag sa investment mo?

👉Ano ba naman yung 48 MEMBERSHIP BENEFITS?

Choice mo naman kung pano mo gustong mag invest.
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