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    How to Grow Rich with The Power of Compounding
    How to Grow Rich with The Power of Compounding
    How to Grow Rich with The Power of Compounding
    Ebook45 pages32 minutes

    How to Grow Rich with The Power of Compounding

    By Praveen Kumar and Prashant Kumar

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    About this ebook

    You can become a millionaire or even a billionaire by simply understanding and applying the ‘The Power of Compounding’ principle. It requires no special skill. Virtually anyone can do it. No wonder Einstein called it the ‘Eight Wonder’.
    In this book bestselling author Praveen Kumar explains the true power behind compounding which most people fail to understand and become rich.

    If it is so simple then why are there so few millionaires in this world? This is because most of us learnt about compound interest at school. We also did a few sums but no one ever explained to us either its power or application. Our teachers and parents would be millionaires if they understood or had any comprehension of its awesome power.
    This book will answer the following vital aspects of compounding that no one explained to you:

    *What is tunnelling effect?
    *What is critical mass in compounding?
    *How a dollar a day can turn you into a millionaire?
    *How you can go broke with reverse power of compounding?
    *How to find dollars to invest?
    *How to leverage for higher returns?
    *How inflation effects compounding?
    *How to harness the power of compounding?

    This book will teach and empower you to use ‘The Power of Compounding’ and how to grow exceedingly rich within your lifetime.

    Once you read this book being a millionaire will not be just a dream but a reality.

    Grab this book at the introduction price before it goes up.

    Customer Reviews

    Good and Informative March 2, 2012
    By Hitesh Italia
    Format:Kindle Edition|Verified Purchase
    Good Information on the power of compounding. Short book, good small examples, easy to understand. It is never too late when it comes to investing. Start early!

    Terrific Advice!, July 2, 2012
    By Michael Jordan Rush - See all my reviews
    Verified Purchase(What's this?)
    This review is from: How to Grow Rich with The Power of Compounding (How To Create Wealth) (Kindle Edition)
    This book contains some of the most basic yet important business advice you can get. True, the author's native language is probably not English and the grammar is not too good. But if you can get past that, and follow his advice, you will be making the best financial decision of your life and become wealthy in the process. One of the best books on money I have ever read! Motivates me to save and really stay on top of my money affairs.

    Good motivation, May 17, 2012
    By Bryan (Spring, TX, United States) - See all my reviews
    (REAL NAME)
    Verified Purchase(What's this?)
    This review is from: How to Grow Rich with The Power of Compounding (How To Create Wealth) (Kindle Edition)
    This book is pretty much common since, but it is well written, and a very good motivational book if you need help keeping your mind on money growth.

    3.0 out of 5 stars Informative Little Book--but it Needs Editing January 23, 2012
    By A Customer
    Format:Kindle Edition|Verified Purchase
    I liked this little book. I'm a complete novice when it comes to personal finance but this author explained the concept of compounding in a way that even I could understand. I appreciated his approach. Its very motivational, written in plain english (not a lot of technical jargon), and stresses the importance of starting as early as you can to invest in your future.

    I was also impressed by how--dispite the loss of his father as a young teen--he went on to become a wealthy and successful businessman. (This is briefly described in the short biography at the very end of the book.)

    LanguageEnglish
    PublisherPraveen Kumar
    Release dateJun 15, 2014
    ISBN9781310273230
    How to Grow Rich with The Power of Compounding

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    Reviews for How to Grow Rich with The Power of Compounding

    4/5

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    • 2/5
      wasn't very teached by book as expected . . .
    • 1/5
      Tldr version: Take little amounts of money and just keep doubling it. How? Who knows, author didn't bother with those pointless details

    Book preview

    How to Grow Rich with The Power of Compounding - Praveen Kumar

    Understanding the Power of Compounding

    For the ease of understanding let us take an example: Imagine you could invest one dollar at the beginning of the month—now imagine that one dollar in saving double with each passing day for an entire month.

    On day two your investment will double to $2, on day three it will be $4 and on day four it will amount to $8, so on and so forth. I have plotted weekly graphs below to show you how your investment will increase. Allow these graphs to impinge on your mind, heart and soul because they hold the fundamental principle for you to become rich.

    First Week

    If you observe the graph above, you will notice that on day seven your initial investment will be worth $128.  Nothing too inspiring, right?

    Second Week - After the end of two weeks (fourteen days-see graph below) your investment would have increased to $16,384. I’m sure it is still not exhilarating. .

    Third Week

    On completion of three weeks (21 days), your investment would have grown to over two million as depicted in the graph below. Now things are starting to get interesting.

    Last 10 Days

    At the end of four weeks (28 days), your one-dollar investment will now be worth over two hundred and sixty eight million dollars. Wow, this is getting interesting.

    The fun is not over. In the next three days: 29th, 30th and 31st, your net worth will be over two billion dollars ($2,147,483,648, to be exact). In the last three days your investment multiplies nearly 10 fold. See how your money increases  in a matter of four days (28th-31st), on the chart below.

    Graph Depicting the Entire Month’s Growth

    To help put your investment into perspective– observe the graph below that depicts how your investment will grow during the month. You will notice that during the initial period (up to the 22nd day, to be precise) your growth is not even visible on the chart. This is called the ‘Tunneling Effect’ that I will describe in the succeeding

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