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Tom Riach
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Tom Riach   My Press Releases

Wealth 15 : The Amazing Power Of Compounding (Part 1)

Published on 2/4/2014
For additional information  Click Here

THE AMAZING POWER OF COMPOUNDING (PART 1)


'The Amazing Power of Compounding (Part 1)' is the 15th in my 'Wealth' series of original copyrighted WakeUp2Wealth Press Releases written by Tom Riach (that's me above) from my home in the sunny south of Portugal.

Wake Up 2 Wealth

Wake Up 2 Wealth's Daily View Of The World!


THE AMAZING POWER OF COMPOUNDING (PART 1)


Were I to ask a random sample of people, “What is compounding in finance?”, I believe that a substantial majority would be able to answer correctly – ie “Interest calculated on an initial principal sum and also on the accumulated interest of previous periods,” - or words to that effect. Put another way, compounding refers to an initial capital sum which earns interest, and then the capital sum plus interest earns interest and so on and so on. Thus, over a period of time and depending on the rates of interest applied, the initial capital amount can grow substantially. In fact the use of compounding is the single most powerful yet simple way of increasing wealth.


Power Point - “The use of compounding is the single most powerful yet simple way of vastly increasing ones wealth!”


But although most people know what compounding is, it seems to be that a large proportion of the population never actively use the incredible power of compounding to boost their wealth. Sure, should compound interest be mentioned, they'll know what it is and they'll nod and agree that it's an effortless way to grow money. But the impression given often seems to be that they believe that compounding will work for others but not for them. They'll use the excuse (and it is an excuse) - “I don't have enough money to get started.” Well, as many self-made millionaires and entrepreneurs will testify, one dollar (often none at all) is all that is needed to get started on the road to fortune. To think otherwise, to believe that one has insufficient money to get started is simple self-deception, a 'cop-out'. It is sad that people might think this way, and my next paragraph will explosively demonstrate why.


Take my word for it. I'm not the kind of guy to mess about. Check me out by CLICKING ON the photo below.


The Amazing Power of Compounding

That's me on the right, on stage at Vilamoura Casino presenting awards in my capacity as consultant to a major leisure and tourism company.


You can Contact me by Clicking on to – THE AMAZING POWER OF COMPOUNDING - and arrange a FREE chat with me NOW! - or go to Contacts section at the bottom of this article.


THE AMAZING POWER OF COMPOUNDING (PART 1)


Try this simple question on your friends. Demand that they answer instantly, no calculation allowed. The question is - “If you have one dollar, how many times would you need to double it in order to have one million dollars?” Answers will typically vary from one hundred times to one million times! Yet the actual answer is – Just Twenty Times! Yes, twenty times. This is not a mis-print. Write it down for yourself. One dollar doubled twenty times gives one million dollars ($1,048.576 to be precise).


Power Point - “One dollar doubled just twenty times yields One Million Dollars!”


Now don't you think that this is a remarkable statistic? It means that one dollar can be turned into one million dollars in just twenty months, if doubling each month. Or achieved in sixty months if doubling each three months – that's five years to make a million. Not unrealistic, many successful entrepreneurs have done just that.


If the prospect of adding value at +100% per time (doubling) seems daunting, then try a similar calculation adding 66%, or 50%, or 25% or even just 10% per time to your original one dollar. Whichever you choose, you will find that the growth is staggeringly rapid.


Power Point - “Whenever compound interest is applied to capital on a regular basis, the rate of growth is staggeringly rapid.”


I live and 'work' in the sunny south of Portugal. Need I say more?


Wake Up 2 Wealth

My Office In The Algarve


I ANSWER QUERIES AND GIVE 24/7 SUPPORT at :



Skype : wakeup2wealth



Email : wakeup2wealth@hush.com



Tel. : (00 351) 914 021 159



Website : Wake Up 2 Wealth



REGISTER IN MY SKYPE GROUP – I'LL GET BACK TO YOU PERSONALLY WITH INSTRUCTIONS AS TO WHAT TO DO NEXT.

THE AMAZING POWER OF COMPOUNDING (PART 1)

is an original copyrighted Tom Riach press release, short and to the point. I hope you enjoyed reading about 'The Amazing Power of Compounding' and found it informative/entertaining. You can Skype me at wakeup2wealth. To learn more or to get in touch with me or to join my contacts group, please visit me on my website at WAKE UP 2 WEALTH.

See you there! Regards, Tom.


© Copyright Joseph T.Riach 1998-2014. All rights reserved.


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